WINE LONG @ 285p
Updated
Based on seasonabe demand and historic performance over the past 2 years, In my opinion i believe this share has good potential for a strong recovery.
Most recent slump due to stockpiling due to brexit which hurt earnings, although they have shielded themselves from brexit related logistics issues next year.
Interested to know any one elses thoughts, I am fairly new to this!
Most recent slump due to stockpiling due to brexit which hurt earnings, although they have shielded themselves from brexit related logistics issues next year.
Interested to know any one elses thoughts, I am fairly new to this!
Note
So its been a challenging christmas but some they have shown some good sales growth; majesticwineplc.co.uk/wp-content/uploads/Majestic-Wine-Christmas-Trading-Update-1.pdfTrade closed: stop reached
Unfortunately this trade didnt quite go as planned and stop loss was reached but we shall see what happens from May to summer time.
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