Ok great. Well I guess the fact you are still holding means you are in the same boat as me: the short term share shorting is just a drop in the ocean compared to the gains to be had in the coming months.
So, attempted thread derailments aside, I'm loving what I am reading about the wine growth into China for TWE. The demand is certainly there. Indeed some of my good Chinese friends in Shanghai tell me there is a broad preference for Aussie and NZ wines due to a rightfully perceived quality of wines from this region and also France. It's even more important to move into this space given that the sales growth is coming from the younger generations in particular (http://www.scmp.com/news/china/mone...wine-lovers-affluent-millenials-drinking-more)
The fact that TWE is establishing more distribution facilities and channels there is really going to help improve market access. TBH I wonder given the predicted demand for wine there in the coming years whether supply will become an issue or indeed wine costs will have to rise here to compete with prices buyers are willing to pay overseas (similar to LNG exports or the state of affordability of quinoa in Peru/Bolivia etc)
TWE Price at posting:
$12.74 Sentiment: Buy Disclosure: Held
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