Have a good look at Slide 10 in the presentation focusing on luxury inventory- you know the Penfolds stuff!
Inventory sold of luxury in the last 12 months was $248m
Current inventory available to sell in the next 12 months is $421m
Now factor the commercial at cost dropping to $201 so the projections based on inventory sales of luxury wine is a significant step up and brilliant margin accretion.....
Poor dwuuu! Must be a Chinese State sponsored operative paid to post on stock forums with the aim to discredit brilliant business that are thriving without any market in China.
TWE Price at posting:
$11.77 Sentiment: Buy Disclosure: Held
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(20min delay)