The Needle On 3 Wine Companies - AVG, TWE And DW8

  • Dec 10, 2018 AEDT
  • Team Kalkine
The Needle On 3 Wine Companies - AVG, TWE And DW8

The Australian stock exchange is at an approximately 2-year low, which is led by heavy selling from the tech stocks, major banks and health care stocks. This downtrend in the market has impacted most of the sectors and even the consumer staples. Three wine stocks that are down today are as follows:

AUSTRALIAN VINTAGE LTD (ASX: AVG) – The company’s net profit after tax was up by 79% to $7.7 million with the sales of Tempus Two, McGuigan, and Nepenthe which is up by 14%. As compared to $14.0 million in the prior period, cash flow from operating activities is positive at $26.7 million. And as compared to $82.8 million as at 30th June 2017, the net debt reduced to $77.2 million. Also, with significant sales growth in the UK, revenue is up by $38.2 million to $264.6 million. The positive results led to a dividend increase of 50% to 1.5 cents per share. However, the sales were flat in Australia; the stock price went down by 2.041% to $0.480 which is near its 52-week low. The stock witnessed an 8.89% surge in the performance in the past 12 months. 

TREASURY WINE ESTATES LIMITED (ASX: TWE) – Two tranches of 5-year tranche maturing November 2023 and a US$230m and 7-year tranche maturing November 2025 which consists of a US$120m as the syndicated facilities are present. TWE declared a final dividend of 17 cents per share which is fully franked, in light of the company’s strong result in F18, bringing the total dividend up 23% on the prior year for F18 to 32 cents per share.  The ROC used, increasing by one percent to 12.6% and with Earnings Per Share up 36% to 49.7 cents per share the company reported a decent stats. The stock price went down by -5.563% to $13.750 which is near its 52-week low. The stock witnessed a -9.68% decline in the performance in the past 12 months.

DIGITAL WINE VENTURES LIMITED (ASX: DW8) – Signalling an effort to increase the company's exposure to China's $1.1 billion per annum appetite for Australian wine, the company reported that the newly initiated Business to-Business arm’s first sale for 17,000 bottles has occurred. As at the end of year June 30, 2018 the cash and cash reserves at the end of year was of $1,019,115 with virtually no debt. The net assets during the financial year of the company and its controlled entities decreased by $2,082,133 to $971,907 on 30 June 2018, and this decrease was a result of the operating loss for the year. The stock price went down by -28.571% to $0.005 which is at its 52-week low. The stock witnessed a -30.00% decline in the performance in the past 12 months.


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