Thanks for the info. I agree that it makes no sense to liquidate bulk wine at the current prices.
Are you able to provide some links that confirm your info about TWE and AVG?
This is no doubt why AVG is focused on receiving premiums for branded wine. It seems that the re-emergence of Chinese demand has come just in time for the Australian wine sector. If you refer to PG.12 of the recent AVG investor presentation you will see the company's explanation for the blowout in debt. I wondered about it myself and now wonder if they had already factored in the capital raising when presenting the $43-50m figure in Feb?
Thanks for the info. I agree that it makes no sense to liquidate...
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Mkt cap ! $54.36M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| AVG (ASX) Chart |