Australia's largest stock trading and investment forum Australia's #1 stock forum

DW8

Click for more information

1.67%

15.3¢ digital wine ventures limited

Terrible results and a company going nowhere fast. I'd be...

First 7 Last

Share
Profile

Follow
Barolobill

7,325 Posts.

120

09/03/18

13:16

Post #: 31646537
Share

Originally posted by milesy ↑

Yep

Feel like I've called this one wrong and it may be very costly.

Their TMall 'fan' numbers have fallen from nearly 3000 to 2650 in just a few months and they seem to be losing fans daily. The wines have not changed and deals on packages of wines on offer seem to have been reduced significantly.

Meanwhile, margins are paper thin and marketing spend gets cut, while administrative expenses were unfathomably high.

I understand they are chasing the wholesale $$ and that is a good strategy.

But I feel like the company thought that that gravy train was in the bag. Obviously it's proving more difficult than expected and in the meantime they have taken their eyes off the core business, which is retail sales.

Back to an all time low share price. Back to a MC of less than $4 mill. No buyer interest even at these levels. Floundering .

Pretty hard to see positives. Just that proven investing technique called 'hope'

Geez I hope they stitch that deal(s) up soon.

Milesy

Expand

Terrible results and a company going nowhere fast. I'd be slightly concerned with $108k in sales and a net loss of $918k myself. If this wasn't floated on the ASX, I'm not sure it would be worth anything? This is not baby formula, it's wine, a highly fractured and competitive industry.

DW8 Price at posting: 0.8¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

There are more pages in this discussion • 12 more messages in this thread...

First 7 Last

Add DW8 (ASX) to my watchlist