cheers Moly, Thanks I like your theory and have had to have...

cheers Moly, Thanks I like your theory and have had to have tipple or two after the last two weeks in the market.

MGW is bombed out and reasonable value near its long term support, timing is of interest given the jump in the biggest down day for years.

I think the industry will turn and IWI (wine LIC run by Goeff Wilson and at a good NTA discount) is a better way to get exposure than direct holdings like MGW.

Exchange rates will also help and these have changed recentlt, but again not enough to justify Friday's intraday spike.

Cheers

Ralphi