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Virgin Wines UK PLC ( (GB:VINO) ) has shared an update.
Virgin Wines UK PLC has executed a share buyback program, purchasing 650,000 ordinary shares at a volume-weighted average price of 54.5 pence per share. This transaction reduces the number of shares with voting rights to 51,865,151, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:VINO Stock
According to Spark, TipRanks’ AI Analyst, GB:VINO is a Outperform.
Virgin Wines UK PLC’s strong technical indicators and proactive corporate strategies are significant strengths, contributing to a solid overall stock score. However, the lack of significant revenue growth and absence of a dividend yield temper the score.
To see Spark’s full report on GB:VINO stock, click here.
More about Virgin Wines UK PLC
Virgin Wines UK PLC is one of the largest direct-to-consumer online wine retailers in the UK, focusing on delivering a wide range of wines directly to consumers through its online platform.
Average Trading Volume: 137,267
Technical Sentiment Signal: Buy
Current Market Cap: £28.62M
See more insights into VINO stock on TipRanks’ Stock Analysis page.