The Share Price of Digital Wine Ventures Exploded Today with shares up 18%. The Company’s share price is hitting all time highs with a price of $0.105

The Price exploded after reporting record shipments during February, this is up 32% on the January period. The company is pleased to advise that WINEDEPOT shipped a total of 20,684 cases of wine. In total 9,494 orders were processed during February up 918% MoM and 28% on January 2021. This equated to an average of 2.2 cases shipped per order, significantly higher than the 1.85 case long term average.

New Customers Sign Up Ahead of Market Place Launch
The Company also reported the accelleration of suppliers signed up to participate in the platform. New Customers include 12 Australian wine brands with the majority from South Australia and eight New Zealand Wineries.
What is WINEDEPOT?
Digital Wine’s WINEDEPOT aims to streamline wine and beverage distribution through technology. It is both a consumer-facing and business-to-business operation. Many of its customers are wine traders, as well as traditional retailers and consumers.
The company generates revenue through a mixture of market trading fees, channel management fees, logistics fees, subscriptions, and liquidity fees.
What Can we Expect for the Price Going Forwards?
With Sales exploding the growth is surely there for DW8. However, with Half year revenues of only $991,333, surely the company is overvalued at it’s current metrics. DW8 trades on a valuation of 144million, this seems high given the sales, however with revenue growing at over 1,000% if they can keep this up there may be more in the tank for the price of DW8.
Prophet is considering a position in DW8, however will wait for a decnt sized pullback before taking any position.
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What Are We Currently Buying?
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