Updates

Majestc Wine

February 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Wine warehouse chain Majestic Wine's Christmas trading statement noted that like-for-like sales were down 2.9% for the 10 weeks to 5 January. There was modest growth to its private customers, who represent c. 75% turnover but sales to businesses, especially of champagne, were down on last year.Broker Brewin Dolphin notes that costs will have invariably risen given the strong rise in the value of the Euro. However, the company is trying to source more wines from dollar-related countries such as Chile. Gross margins may therefore come under pressure.While the shares have held the line since our last update two months ago, they are hardly cheap on a prospective PE of 8.7 (eps: 15p) and with downward pressure on margins lik ...

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Informa - Shares rally after positive update

TMI Trader Portfolio - Feb '09

Majestic Wine (February 2015)

Majestic Wine (August 2014)

Majestic Wine (January 2013)

Majestic Wine - 8% increase in transactions (August 2012)

Majestic Wine (March 2012)

Majestic Wine - Further reduction in Net debt (February 2012)

Majestic Wine (August 2011)

Majestic Wine - Aim to double estate to 330 outlets (July 2011)

Majestic Wine - Reduction in minimum order drives strong growth (July 2010)

Majestic Wine (August 2009)

Majestic Wine - Profits well below forecasts (December 2008)

Majestic Wine (August 2008)

Majestic WIne (January 2008)

Majestic Wine (August 2007)

Majestic Wine (February 2007)

Majestic Wine (January 2007)

Majestic Wine (August 2006)

Majestic Wine (February 2006)

Majestic Wine (January 2006)

Majestic Wine (August 2005)

Majestic Wine (January 2005)

Majestic Wine (July 2004)

Majestic Wine (February 2004)

Majestic Wine (January 2004)

Majestic Wine (July 2003)

Majestic Wine (February 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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