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TWE, TREASURY WINE ESTATES LIMITED
nipper
post Posted: Jul 22 2019, 03:48 PM
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QUOTE
Penfolds owner Treasury Wine Estates would not give any extra details to the market on Monday on the implications for its own business of the latest industry-wide export figures that showed the value of Australian wine sales to China rose 7 per cent to $1.2 billion in the year ended June 30.

Industry body Wine Australia announced on Monday that while the value of Australian wine sold to China by hundreds of local players had reached a financial year record, volumes in financial 2019 dropped substantially by 16 per cent. The decline stemmed largely from a slide in low-end commercial wines.

A Treasury Wines spokeswoman said the company was now in blackout ahead of the results and the one-off update last time had been a deliberate move to ''reinforce caution on using the Wine Australia data as a direct read-out of Treasury Wine Estate performance''. That point had been made clear, and there was no need to do it again.
(being)
QUOTE
Treasury Wine Estates has reinforced the message its China business is delivering solid growth even though an industry body’s official export figures show a broad decline in volumes to China from Australian wine producers overall. Treasury took the unusual step [last] Wednesday of making an announcement to the ASX saying it had “continued positive momentum in Asia with record depletions delivered for the nine months ended March 2019”. The company also said there had been strong sales across the important Chinese New Year festive period.

It said investors should not use the Wine Australia export data released every three months as a proxy for Treasury Wine’s trading performance




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
balance
post Posted: Jun 26 2019, 07:33 AM
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In Reply To: blacksheep's post @ Feb 14 2019, 07:10 PM

That % of shorts now up to 3.76%. Nothing compared to some short sold high flyers like SYR and JB hifi but it has climbed.



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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
nipper
post Posted: May 10 2019, 09:13 AM
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QUOTE
Penfolds is launching a $280-per-bottle French champagne to join its premium reds, brandy and other products, but Treasury Wine Estates’ Angus Lilley says it’s unfair to portray the expansion as a shift towards a Coca-Cola-type, ubiquitous brand.

It is the first French champagne released in 175 years of Penfolds, and is part of a joint venture with family-owned firm Champagne House Thienot.

The first version of the new champagne, made with grapes from the 2012 harvest in France, will hit the shelves in June and be available in all the major markets including China, Australia, Europe and the United States.
- Champagne, a Californian red wine range by 2022, a fortified shiraz infused with a popular spirit called Baijiu for the Chinese market. Definitely getting away from their roots, leveraging off the Penfolds story. It's all ethanol, seems to be the thinking.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Feb 14 2019, 07:10 PM
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In Reply To: nipper's post @ Feb 14 2019, 05:55 PM

Updated chart and shortman stats. Looking at the shortman data it would appear some are betting against Mr Clarke's enthusiasm for China's appetite. Total short positions at 8/2/19 = 2.86%
https://www.shortman.com.au/stock?q=twe
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 14 2019, 05:55 PM
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QUOTE
wine company Treasury Wine Estates is looking to buy wineries and vineyards in France to satisfy the growing Chinese appetite for French wine. Wine from France is the number one wine imported into China, and Treasury plans to buy vineyards in the first half of this year as it ramps up sales and penetration in the China market.

Treasury confirmed its continued China push as it unveiled a 31 per cent jump in earnings across Asia in the December half, with chief executive Michael Clarke saying the company was "firing on all cylinders" across the region, not just mainland China.

"The fundamentals of the Asian wine market as a whole remain enormously attractive, and we are not seeing a slowdown in demand for our brands," Mr Clarke said. "We also see tremendous opportunity to expand our penetration into more cities and across more partners in China. We have an ambition to expand our presence and availability by more than 50 per cent in the next three years," he said.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 21 2019, 10:29 AM
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21 January 2019 ASX ANNOUNCEMENT
Treasury Wines Estates announces departure of Chief Operating Officer Robert Foye
Tim Ford assumes role of Chief Operating Officer, reporting to Chief Executive Officer, Michael Clarke
QUOTE
Treasury Wine Estates Ltd (ASX: TWE) today confirms that Robert Foye, Chief Operating
Officer has left the Company, effective immediately, due to a breach of TWE’s internal policies
unrelated to the Company’s trading performance.
Tim Ford, Deputy Chief Operating Officer will
assume the role of Chief Operating Officer and take responsibility for oversight of TWE’s
operating regions across the global business, reporting to Chief Executive Officer, Michael
Clarke
.

He was touted as - "likely successor to Treasury Wine Estates chief executive Mike Clarke" - back in May 2017 when he was appointed COO
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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blacksheep
post Posted: Aug 20 2018, 04:14 PM
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In Reply To: blacksheep's post @ Aug 16 2018, 11:52 AM

Updated chart - SP ran out of puff - down 2.37% @ $18.57/share

Short position @ 14 August = 1.54%
Increased activity 16 + 17 August
QUOTE
Fri 17th Aug, 2018 1,054,703 718,663,546 0.14% 4,898,518 21.53%
Thu 16th Aug, 2018 1,255,190 718,663,546 0.17% 4,025,145 31.18%

https://www.shortman.com.au/stock?q=twe

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2018, 11:52 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Aug 5 2018, 03:13 PM

TWE delivers EBITS CAGR1 of 25% over four years F18 NPAT up 34%2 to $360m and EPS up 36% to 49.7 cps
QUOTE
Reported highlights
 F18 EBITS3 up 17% to $530.2m; EBITS margin accretion to 21.8%, up 2.8ppts
 NPAT4 up 34% to $360.3m; EPS5 growth to 49.7 cents per share, up 36%
 Execution of transformational route-to-market change in the US in 4Q18
 Depletions exceed shipments and forward days inventory cover in line with prior year, globally
 Proactive exit of more than 2m 9Le cases of lower margin Commercial volume in F18, globally
 Long-term investment in winemaking drives significant increase in Australian Luxury conversion from
2018 vintage
 Simplify for Growth to deliver enhanced operational effectiveness and higher brand investment returns
 F18 EBITS growth contributes to 4yr EBITS CAGR of 25%; TWE reiterates guidance for expected F19
EBITS growth of approximately 25%

https://www.shortman.com.au/stock?q=twe
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 5 2018, 03:13 PM
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Posts: 6,791
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'Benfords?': Australian lookalike wines are big sellers on China's new billion-dollar retail giant
By Michael Walsh and Bang Xiao
Updated Sat at 10:57am

QUOTE
A Treasury Wine Estates spokesperson said the company takes copycat and counterfeit products seriously, and has an aggressive brand protection program in place to focus on both offline and online enforcement.

"We do of course work closely with local authorities, online marketplaces and industry organisations to protect the integrity of our brands," the spokesperson said in a statement

http://www.abc.net.au/news/2018-08-04/aust...ection=business

QUOTE
'We are not the same company as Penfolds'


How about changing the label then - apart from the "B" vs "P" you could be forgiven for thinking the whole label + bottle shape + red top + coat of arms etc is a complete knock off

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 26 2018, 12:24 PM
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Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Jun 19 2018, 12:21 PM

Updated chart - SP currently $17.73.

Short positions rising - position at 19th June, 2018 2.04%
https://www.shortman.com.au/stock?q=twe

Interesting article in AFR Rear Windo - I, Michael Clarke, am Treasury Wine Estates
extract
QUOTE
But the biggest red flag of them all was Clarke's apportioning of blame to Treasury's detractors. "I think it's important for everybody who commentates on our business to remember, you may want to think about why is someone wanting to share that information with you and sometimes, I am not going to say all the time, they're hoping to put pressure on Treasury Wine Estates." Yep, blame the shorts, the bears, the sceptics, when you're trading at 29 times forward earnings, priced for perfection, and, mysteriously, abruptly, bad people are wickedly inventing the stockpiling of your inventory.

https://www.afr.com/brand/rear-window/i-mic...20180625-h11tvr
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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