UK 02:06 Wednesday, 28 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Online wine retailer Virgin Wines UK (VINO) has issued a trading update, with CEO Jay Wright emphasising “despite the inflationary environment, we have delivered results in line with expectations” and “we are well-positioned due to the uniquely sourced, high-quality nature of our wines, coupled with our market-leading expertise and strong foundations”. So what of a still circa 30p share price, down from around 70p early this year?
Online wine retailer Virgin Wines UK (VINO) has announced what it describes as “significant progress” with its strategic focus on commercial partnerships with “a new strategic partnership with WH Smith Travel”. So what of a share price currently further down, to below 30p?
A trading statement from online wine retailer Virgin Wines UK (VINO) commences that “significant progress has been made in remedying the stability and software operational issues that previously affected the implementation of the new Warehouse Management System, which, as previously reported, negatively affected H1 revenue and profit” and includes “in a good position to benefit from ongoing improvements in the macroeconomic environment”. So what of a current 36p share price, £20.1 million market cap, more than 7% further lower?
Assuming you ignore a tiramisu for dessert every few months, it has been over thirty years since I last had any alcohol. Even when I was eighteen it did not really excite me, as back then all that interested me was economics and cycling…and not too much has changed since. Therefore, when Virgin Wines (VINO) says on its website that “more than 90% of our wines by volume are exclusive”, it does very little for me. A couple of years ago, during the deep COVID-19 excitement about internet home delivery, I observed that the then 200-250p share price of the recently-listed company did nothing for me and, with today’s share price just below 45p, it was very wise to call the shares a clear avoid back in 2021. I see today’s H1 2023 results start with the observation of a “strong performance from flagship WineBank scheme despite tough trading conditions”, though the harsh reality is that matters are terrible.
Previously writing on online wine retailer Virgin Wines UK (VINO), in October with the shares at 50p I noted ‘full-year results argue “resilience”… but it’s financial downgrades AGAIN’ and concluded it is particularly the cash flow and balance sheet to monitor here and the trading trajectory sees me continue to avoid. The shares last closed at above 70p but are currently back towards 50p on the back of a “trading update”, so how’s that trading trajectory?
Online wine retailer Virgin Wines (VINO) has announced results for its year ended 1st July 2022, stating that it is “pleased to report the group's second set of annual results as a public company, following our admission to AIM in March 2021… looks to the future with confidence”. The shares have currently responded slightly higher to 50p, but that still compares to above 100p as recently as June.
Online wine retailer Virgin Wines UK (VINO) has issued a trading update for its year ended 30th June 2022 emphasising “a strong, stable and resilient business model, coupled with disciplined customer acquisition, that delivers market leading profitability”. So why are the shares currently down a further more than 7.5% to 67p on the announcement?
Hello Share Swallowers. This old punter stopped drinking a few years ago. But I still hanker after a glass of red wine. Beer I’m happy to forget. I merely follow a national trend. Wine drinking is going up among Brits and ale is on a decline. Proving that there’s a growing move towards el vino is Virgin Wines (VINO).
Online wine retailer Virgin Wines UK (VINO) has made a trading update including noting “customers acquired during the Covid lockdown period continue to perform strongly. We were delighted to ship more than 7 million bottles of wine during the period and to deliver sizeable growth in our customer base with strong levels of customer conversion and retention… net cash balance of £13.6m at 31 December 2021”. So then why a current share price of 155p, down 22.5%!?
After its listing at the start of March, how do I feel about Virgin Wines (VINO)? As I discussed back in February HERE, I was not impressed observing that ‘many market investors today are highly excited by online retailers and hence a bunch of new IPOs are on the runway on big multiples of earnings or sales’. So having had an opportunity to listen to the company’s presentation, have I changed my mind?
