Business
Why this fundie tips Australian Vintage (ASX:AVG) shares
When you think of ASX listed wine shares, Treasury Wine Estates Ltd (ASX: TWE) is likely the first one to come to mind. And for good reason.
The iconic Aussie wine company has a market cap of more than $8 billion, with a portfolio of globally recognised names including the likes of Penfolds, Beringer, Lindemans and Wolf Blass.
But as you likely know, Treasury Wine has been struggling to diversify from its dependence on the Chinese market, following import restrictions from the Chinese government.
Which brings us to a lesser-known ASX wine share, Australian Vintage Ltd (ASX: AVG), with a market cap of $202 million. You may be familiar with the company’s McGuigan Wines brand.
Why this fundie likes Australian Vintage shares
Simon…
-
Noosa News23 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News17 hours agoHelp to make recycling stick
-
Noosa News15 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban
-
Business17 hours agoAlphabet’s stock looks like a brilliant buy right now