tiprankstipranks
Trending News
More News >

Virgin Wines UK PLC Executes Share Buyback Program

Story Highlights
Virgin Wines UK PLC Executes Share Buyback Program

Confident Investing Starts Here:

Virgin Wines UK PLC ( (GB:VINO) ) has provided an update.

Virgin Wines UK PLC has executed a share buyback program, purchasing 150,000 ordinary shares at a price of 60 pence each. This move will result in the shares being held in treasury, impacting the total number of shares with voting rights, which now stands at 51,715,151. This transaction is part of the company’s strategic financial management, potentially affecting shareholder calculations under the FCA’s 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 UK’s largest direct-to-consumer online wine retailers, focusing on providing a wide range of wines directly to consumers through its online platform.

Average Trading Volume: 151,209

Technical Sentiment Signal: Buy

Current Market Cap: £31.12M

For an in-depth examination of VINO stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App