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Virgin Wines UK – “Trading Update”, how strongly is it “signals positive momentum”?…

By Steve Moore | Wednesday 29 January 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Online wine retailer Virgin Wines UK (VINO) has issued a “trading update” headlined “Strong Christmas trading, increased levels of customer acquisition, further operational efficiencies and a healthy balance sheet signals positive momentum”. So what of a current still little above 30p share price, comparing to having been approaching 50p in the first half of 2024?
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