Coronavirus impact: 9 April - a genuine bargain?
News of several more fund raises, with the survival of one small business looking increasingly doubtful. We are also surprised by the material decline in share price of a company whose business has the luxury of plenty of cash and remains broadly unaffected by the pandemic.
Naked Wines: strong demand but can it make a profit?Naked Wines (LON:WINE), sold its Majestic Wine business last year and now operates online, principally in the UK and US, trading through the Naked Wines brand which supports independent wine makers. As winemakers are considered agricultural, the grape harvest and wine production processes Naked depends on around the world have been able to continue largely unaffected. Since restrictions on social gathering began, the group has seen higher levels of demand from both new and repeat customers in all of their markets, particularly in the US. As a result, they expect revenue for…