A positive announcement today by Peak’s portfolio company Digital Wine Ventures (ASX: DW8) has set a new record in orders processed through its wine distribution business WineDepot.
The company has reported a total of 4,726 orders in September, representing a 14% increase on August orders.
Across Markets…
This Afternoon, Australian shares closed the session at a seven month high on Tuesday, led by the major banks and Telstra.
The S&P/ASX 200 Index rose 63.7 points, or 1 per cent, to 6195.7, its best close since March 6.
Westpac led the gains, rising 2.2 per cent to $18.96, ANZ firmed 2.7 per cent to $19.50 and Commonwealth Bank added 1.1 per cent to $69.38.
Telstra soared 4 per cent to $2.89 after chairman John Mullen said the board was prepared to temporarily overshoot its payout ratio to ensure it continues to pay shareholders a dividend of 16¢.
Unibail-Rodamco-Westfield rose 7.5 per cent to $3.02, Virgin Money UK added 7.5 per cent to $1.65 and NIB Holdings advanced 4 per cent to $4.41.
Fortescue led the losses, falling 1.4 per cent to $16.62, BHP Group slid 0.4 per cent to $36.31 and South32 declined 1.4 per cent to $2.16.
Source: AFR
Online beverage supplier Digital Wine Ventures (ASX: DW8) has set a new record in orders processed through its wine distribution business WineDepot.
The company has reported a total of 4,726 orders in September, representing a 14% increase on August orders.
The number of cases shipped during the month was lower than the previous month’s record 8,488 cases, but still higher than all other prior months at more than 7,000.
Digital Wine Ventures said the reason for the drop in cases shipped was predominantly due to a lower average number of cases shipped per order.
WineDepot also welcomed 17 new customers representing a total of 34 new brands onto its integrated trading and logistics platform, bringing the total number of brands using the platform to 126.
New brands include iconic Clare Valley wine producer Kilikanoon Wines and other South Australian wineries Corduroy Wines, Muster Wine Co and Rusty Mutt Wines, plus Kreglinger Wine Estates in Tasmania and other imported brands.
Source: Small Caps
Across Asia, China stocks inched lower on Tuesday, on some profit taking after recent sharp gains and concerns after mainland China reported a new cluster of coronavirus infections in the eastern port city of Qingdao, though strong trade data capped losses.
Some investors were worried that the new cluster in Qingdao could prompt a potential spike in locally transmitted cases linked to the Golden Week holiday that ended last week.
Mainland China reported its first locally transmitted COVID-19 infections in nearly two months, as Qingdao launched a city-wide testing drive after discovering new cases linked to a hospital designated to treat imported infections.
At the midday break, the Shanghai Composite index was down 0.28% at 3,348.90, while the blue-chip CSI300 index was down 0.02%.
The smaller Shenzhen index was up 0.14%, the start-up board ChiNext Composite index was higher by 0.19% and Shanghai’s tech-focused STAR50 index was up 0.37%.
Losses were limited by official trade data, which showed China’s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy.
Source: Reuters
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