Does anyone know the background of this business and how they've racked up $156m of cumulative losses on $465m of contributed equity? I've looked back the last 7 years and they've been profitable in each.
Even notorious write-offer (literally crushing thousands of bottles of excess inventory) TWE has some retained earnings. As cyclical as the wine industry is, this seems excessive. $465m equity tipped in by shareholders, racked up $156m of losses and now that equity only has a market value of $215m.
Was there some cataclysmic "one-off" event that created all those losses?
AVG : a cheap wine stock, page-21
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $51.06M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $5.361K | 34.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36612 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 72000 | 2 |
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| Last trade - 15.44pm 02/10/2024 (20 minute delay) ? |
| AVG (ASX) Chart |