UK-listed wine distributor Virgin Wines [LON:VINO] seems to be making a break for it. Shares in the company bounced off 30.5 pence in February and have since been on a great run, currently trading at 64 pence at time of writing.
Stockopedia currently ranks the stock at 99 using its own proprietary StockRanks methodology and investor sentiment within the Stockopedia community also looks very positive.
Virgin Wines started the second half of its financial year in bullish mode. It had a strong showing in terms of its Xmas sales and told investors earlier this year that it had managed to hack 10% off its distribution costs. The company welcomed a new CFO to the team (of which more below) and also said that it would be looking to target annualised revenues of over £100m by 2029 (that's against forecast revenues of £61m for the 2025 financial year).
Virgin Wines also said that it would be looking to buy back up to 15% of its shares. Certainly it has been building up its cash reserves. Some analysts were sceptical about whether the company would have the firepower to sustain this, given that it was barely profitable, but investors seem to have taken Virgin Wines at its word, bidding the stock up past 60p. It is now trading at levels not seen since 2023.
Could Virgin Wines see a spectacular renaissance in 2025-26?
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