Naked Wines grew 80 % YoY in H1. Current guidance and analyst estimates is for around 60 % YoY growth FY or close to 40-45 % in H2. We think its still way to low and think the company will do a reverse profit warning in january or after the new CFO have walked through numbers....
.... Here is why:
1) All the data-sources we track are indicating good or accelerating growth (traffic, credit-card, shipment data etc.)
2) When we talk to people in the industry they all say business is still really good
.....
1) All the data-sources we track are indicating good or accelerating growth (traffic, credit-card, shipment data etc.)
2) When we talk to people in the industry they all say business is still really good
.....
....
3) UK website crashed before christmass due to surging demand.
4) Further lockdowns in especially UK. People need to stay home and drink and cant go out.
5) This is a subscription model. Business accelated doing H1 with september up +100 % YoY
3) UK website crashed before christmass due to surging demand.
4) Further lockdowns in especially UK. People need to stay home and drink and cant go out.
5) This is a subscription model. Business accelated doing H1 with september up +100 % YoY
Disclaimer: Naked Wines is our largest investment and we think the stock is worth +1.500p
Not investment advice!
Not investment advice!
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