Treasury Wine Estates Limited

ASX:TWE

Treasury Wine Estates Limited

ASX:TWE
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$12.10 (+0.9%)
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#385
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6
Held by
9
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Bear77
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Last edited 4 years ago
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#COVID-19 Update
stale
Bear77
Added 4 years ago
View author's company report

08-Apr-2020:  Strategic review outcomes and COVID-19 update

The big news here is Treasury Wine's update on the outcomes of their strategic review and that they are considering a demerger of the Penfolds business and associated assets into a separate ASX-listed company by the end of 2021.

#FY20 Guidance Downgrade
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Bear77
Added 4 years ago
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29-Jan-2020:  1H20 Profit Report, Revised F20 Guidance & Presentation

TWE are down over 20% so far today on the back of this guidance downgrade.  That could be an overreaction (which would be pretty typical for our market) but it could also be the start of worse to come.  Downgrades often come in threes.  The first is rarely the last.  I don't follow TWE closely, but I note they describe US Market conditions as "Challenging" and anything that is China facing seems to be getting sold off on Coronavirus concerns.  TWE are really an export story now, and if they are finding those export markets to be "challenging", that's not a good sign.