BUZZ-Australian Vintage hits all-time low on downbeat forecast

Reuters
23 May
BUZZ-Australian Vintage hits all-time low on downbeat forecast

** Shares of Australian Vintage AVG.AX fall 11.6% to A$0.076, a record low

** Stock on track for weakest trading session since early April if losses hold

** Winemaker expects a 3% decline in sales in fiscal year 2025

** Estimates single-digit growth and significant inventory reduction in fiscal year 2026

** Trading volume at around 2.3 million shares, 5x the 30-day average

** Stock down 45.4% YTD, including current session's move

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10