image

The best stocks to buy since 1993

Latest issue now available

Virgin Wines - Beneficiary of high interest rates

September 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • VINO
  • Price:
  • 47p
I have just read there is a glut of wine in France not just due to a downturn in consumer spending but because young drinkers are increasingly opting for craft beers and gins. The fall in demand has caused a “wine lake,” last seen in 2000 and this time the French government is providing support of £180m to struggling producers to allow them to drain their wine by selling their surpluses to be distilled into alcohol for bioethanol, cleaning agents or to be made into perfume. I was wondering whether this is a good or bad thing for Virgin Wines (VINO; 47p). Overall I think it’s a positive as not only is it a buyer’s market for French Wine but the company sells around 75% of its wines to consumers via a home delivery wine club, which deliver ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe