This is a firm that supplies various wines throughout the UK. Customers have the option to purchase by the caseload or individually.
I came across this in the Guardian when researching the stock!
I decided not to invest for now. The earnings are projected to grow 12.98% per year, but at 3.44X price to book ratio, I don’t think my investments will grow much.
I think this was a good play if you made it at the start of lockdown- fail to see it maintaining this rate of growth long term.
What’s going on with this stock lately? No RNS, but after weeks of stability it has started to yo-yo like a meme stock!
Could be more people going out as pubs, bars and restaurants have opened again.
I would imagine all companies like this will take a hit until the next lock down lol