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Naked Wines plc ( (GB:WINE) ) has issued an announcement.
Naked Wines plc has announced the purchase of 1,000,000 of its own ordinary shares as part of its share buyback programme. This transaction, executed through Panmure Liberum Limited, exceeded 50% of the average daily traded volume on the London Stock Exchange for the preceding 20 trading days. Following this purchase, the total number of shares in issue will be 72,069,635, impacting the company’s voting rights and potentially influencing shareholder interest calculations under FCA regulations.
The most recent analyst rating on (GB:WINE) stock is a Hold with a £93.00 price target. To see the full list of analyst forecasts on Naked Wines plc stock, see the GB:WINE Stock Forecast page.
Spark’s Take on GB:WINE Stock
According to Spark, TipRanks’ AI Analyst, GB:WINE is a Neutral.
Naked Wines plc’s overall stock score is driven by a mix of strong technical momentum and strategic financial management, despite ongoing challenges in profitability and valuation. The company’s efforts in cost savings and cash management are positive, but revenue decline and customer acquisition issues remain significant hurdles.
To see Spark’s full report on GB:WINE stock, click here.
More about Naked Wines plc
Naked Wines is an innovative online wine retailer founded in 2008, focusing on quality, choice, and fair pricing. The company operates a unique business model that funds winemakers upfront, allowing them to produce exceptional wines without financial constraints, and offers these wines to customers at reduced prices. Naked Wines serves customers in the UK, US, and Australia, providing access to over 300 independent winemakers and more than 2,500 wines from 23 countries.
Average Trading Volume: 194,708
Technical Sentiment Signal: Hold
Current Market Cap: £67.58M
See more insights into WINE stock on TipRanks’ Stock Analysis page.