Whopping dividends from AIM
Updates covered here include several AIM and small cap companies offering high dividend payouts. While some are well covered by earnings and cash, others look more circumspect as you can discover in our free update here.
Virgin Wines: shares slumps, again! Virgin Wines UK (AIM: VINO), one of the UK's largest direct-to-consumer online wine retailers, issued a disappointing trading update for the six months ended 31 December 2022. Total revenue for the period fell 16.7% to £33.7m with sales impacted by some one-off factors, particularly over the Christmas trading period. September sales were significantly affected by the pause on all marketing activities following the passing of the Queen, whilst the festive period was impacted by both external and internal issues, including the implementation of a new Warehouse Management System and courier issues. Much like AIM peer…