Vintage Wine Estates Inc (VWE)

[NRS]

Patrick A. Roney, Executive Chairman, buys 100,000 shares: Track insider buying here: https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001834045

[NRS]

Director Timothy Proctor recently acquired a total of 31,852 shares at an average price of $0.57 per share. Total cost around $18,155. This makes the third sizeable purchase by insiders I know of in the last few months.

[NRS]

Listened to the quarterly, lots of talk about being excited and great potential, but also talk of a reverse split. I don't think that would be best for the shareholders. Of course they said they'd need to get shareholder approval, but insiders hold the majority so that wouldn't be a problem. Simply put, how about they put their money where their mouth is? How about the company doing a share buyback? Or how about they simply start promoting? Hire an agency. With over 50% insider ownership and 40% institutional holdings (per yahoo finance) that means there's only around 5 million free trading shares. It wouldn't take much to get the price back up over a buck. What say you?

[NRS]

I called and confirmed that Mr. Kaufman has taken his position as CEO.

[NRS]

Interesting. Why so? They did announce not to trust previous reports and that new, accurate reports were on the way, but they also show a profit. So I'm very curious as to what indicators you've spotted (besides stock price) that support what you're suggesting. Thanks.

[Monksdream]

Headed for chapter 11 or the pink sheets

[NRS]

I agree totally with you about sentiments. And as far as extremes are concerned, a good example is what Top Financial Group LTD (TOP) did back in July. I missed that one. But I did happen to catch DWAC's open announcement of nearly 2 years ago early in the morning. IDK if this one has the makings of a meme or not, but if word starts to spread, then I imagine will see at least some price increase, especially once the new commander gets on board.
I'm wondering also if the new CEO will be able to bring over some new business or if is parting agreement with his previous company will forbid him to do so? What do you think?

[Monksdream]

Much of how the stock market functions over extended time periods depends on sentiment. There is no such thing as a risk-free investment, much less a risk-free day trade. Sentiment constantly shifts from optimism and pessimism. Both can, and usually do, go to extremes.
In the past three trading sessions the percentage of stocks trading above the very short term 5 day moving average has risen dramatically approaching 80%.
One can see this shift in the chart

In 1958 Detroit’s Big 3 produced the most over-chromed, heaviest, most garish in design kitsch wagons that even exceeded the prior year models of the 1950s. And they sold millions of them. When one compares the 1958 versions with those of the past and the ones that followed they are unique in terms of the degree of excess.

[NRS]

Over a 60% ($.30) gain in 3 days and volume is picking up. Maybe word is getting out? Trader's starting to take notice? And also, I think I'd be very interested in a book focused on cars from 1958. That was a good year. Why 58?

[NRS]

Video: Kevin O'Leary, an award winning wine producer and cast member of Shark Tank, explains a few aspects of wine producing. Mr O'Leary uses VWE for the distribution of his multi million bottle/year distribution in 42 states.

[Monksdream]

VWE new 52 week low

[NRS]

Yes, news for VWE has been positive, along with appointing Seth Kaufman as their next CEO. Mr. Kaufman has been the President & CEO, North America Moët Hennessy for the last 4 years. Hennessy's stock price (stock symbol LVMHF) nearly quadrupled in the time frame, raising from $280 to over $1000 per share and currently trading for around $960/share. He graduated University of Michigan, attended "Stephen M. Ross" school of business and has over 15k followers on his "Linked In" profile. Mr. Kaufman is expected to start October 30th.

[AJ Freely]

$VWE - Up 9.5% Pre-Market/ Current Price $1.16
Provides Business Update and Preliminary Outlook for Fiscal '24
Preliminary unaudited fiscal '23 revenue is estimated to be $290 million with gross margin of approximately 30% to 32%

[NRS]

With the reversing trend for the last 4 days, my guess is there's good news on the horizon. I'm very curious as to what the upcoming announcements have in store for shareholders.

[NRS]

Company corporate phone call/ shareholder update to be held on July 20th.
https://ir.vintagewineestates.com/overview/default.aspx

[NRS]

Owning this stock has its percs: https://www.vintagewineestates.com/shareholderpassport

[NRS]

"Net Revenues

Net revenues for the year ended June 30, 2022 increased $73.0 million, or 33.1%, to $293.8 million, from $220.7 million for the year ended June 30, 2021. The increase was driven by an increase in B2B net revenues of approximately $36.5 million, of which $7.3 million related to acquisitions, DTC net revenues of approximately $25.8 million, of which $11.0 million related to acquisitions, and Wholesale net revenues of $11.6 million, of which $13.4 million related to acquisitions, partially offset by a decrease in Other net revenues of approximately $0.9 million.

Gross Profit

Gross profit for the year ended June 30, 2022 increased $14.6 million, or 19.4%, to $90.0 million, from $75.4 million for the year ended June 30, 2021. The increase in gross profit was primarily driven by the strong DTC post-COVID-19 growth of $10.6 million. Acquisitions contributed an additional $13.1 million of gross profit. These increases were partially offset by $19.1 million of non-cash inventory write-downs identified through material weakness remediation efforts"

[NRS]

In a previous comment I mentioned there was and increase of total shares of around 1.6%. This might not be accurate as according to the company's prospectus there are 59,339,163 shares issued. Data from Yahoo suggested there were more. I trust the prospectus.

[NRS]

Here's a link to the company's prospectus. It has everything you should know about the company. https://www.sec.gov/Archives/edgar/data/1834045/000095017023026648/prospectus_ira_holders.htm

[NRS]

From last weeks company prospectus: "Vintage Wine Estates, Inc. is a leading vintner (*) in the United States (“U.S.”), offering a collection of wines produced by award-winning, heritage wineries, popular lifestyle wines, innovative new wine brands, packaging concepts, as well as craft spirits. Our name brands include Layer Cake, Cameron Hughes, Clos Pegase, B.R. Cohn, Firesteed, Bar Dog, Kunde, Cherry Pie and many others. Since our founding over 20 years ago, we have grown organically through wine brand creation and through acquisitions to become the 14th largest wine producer based on cases of wine shipped in California."
*: "One who deals in wine, spirits, etc., especially at wholesale, or on a large scale."

[NRS]

Looking at the chart I see a gradual increase in average daily volume over the last couple months. I can draw a straight line on the chart at support using the low on 5/12, 6/1 and today. Today's candle was an inverted hammer. You can see what that means by following the link below. With any luck we'll see a reversal for tomorrow. We could see it as high as $1.30 if it breaks through resistance at around a buck and a quarter. But lately, it seems as though there's some multi billionaire who's decided to mess with me and makes sure all my predictions don't come true. You ever get that feeling? Ok, here's the link on candlesticks:
https://www.benzinga.com/money/how-to-read-candlestick-charts

[NRS]

So to recap my thoughts, I attribute the main reason for the decline of share price the last couple years to the covid outbreak, which closed hundreds of thousands of restaurants across the country. There may be other minor contributing factors, but what else could it be? With 2 insiders buying in access of 125 thousand shares recently and only about a million shares added to the float last year (just 1.6%), I think we're in a reasonably good position to see some positive gains. And it's not like the company has an inferior product or anything like that, not by a long shot. I totally enjoy a glass of high quality wine and these folks certainly carry and distribute the nicer brands.

[NRS]

Another insider picked up some shares a few days ago. It's always a good sign when insiders are buying for two reasons: 1, they probably think the share price will be going up, and 2, it probably won't go down much further. I have a position, average price $1.12.

[NRS]

Patrick A. Roney, VWE's Executive Chairman, recently acquired 100k shares at an average price of $1.17. What's happening is the company posted better than expected quarterly earnings.

[NRS]

I agree, but weak hands make day trading possible. For instance, nice spike today. I didn't take advantage of it, but I'm in this round at $1.10.

[Harbor6460]

A stocks price doesn’t always predict a companies strength. People give their shares away instead hold 7-10 years from when you invest in a company then you will get the share price you want to sell at or just hold forever if you found a great company imo

[NRS]

Ok, so I don't get it. Good news, the s/p tanks. Went below support and headed down back to a buck, perhaps even lover. There products are great, I have many in my wine fridge. So perhaps the company is diluting? Why else would the price tank, unless the average share holder is a novice and just doesn't understand value? Go figure.

[NRS]

Great earnings report released, beat all the estimates.

[NRS]

A drop in price today. So should one take advantage and add, or, "play it safe" and get out? Your guess is probably better than mine.

[NRS]

NEWS: released 2/8/23 :Vintage Wine Estates Announces Changes in Executive Leadership and Board Structure; Executing Business Realignment Plan to Deliver Stronger Earnings Power" https://ir.vintagewineestates.com/news/news-details/2023/Vintage-Wine-Estates-Announces-Changes-in-Executive-Leadership-and-Board-Structure-Executing-Business-Realignment-Plan-to-Deliver-Stronger-Earnings-Power/default.aspx

[NRS]

Vintage Wine Estates announces conference call: https://ir.vintagewineestates.com/news/news-details/2023/Vintage-Wine-Estates-Announces-Timing-of-Conference-Call-and-Webcast-for-Fiscal-2023-Second-Quarter-Third-Quarter-and-Year-to-Date-Results/default.aspx

[NRS]

My wife and I stumbled upon this brand while dining out at a nicer establishment here in Sacramento about 6 months ago. We had the "Kunda" merlot. It was excellent. I had no idea it came from a public company, which I discovered just a few days ago! This one's on my watch list for sure.

[NRS]

An invitation from the company's website: "Vintage Wine Estates is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences. With wineries throughout Napa, Sonoma, California’s Central Coast, Oregon, and Washington State, we welcome you to our storied properties. And we cordially invite you to experience our wines, wherever you are, to enjoy with family and friends."

[NRS]

This link will take you to Vintage Wine Estates Investor Relations page. https://ir.vintagewineestates.com/overview/default.aspx