Updates

Majestic Wine - Further reduction in Net debt

February 2012

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.

Majestic has again showed its quality, releasing strong interim results with sales up almost 10% to £117m and pretax profit rising 20% to £8.8m. This came thanks to a 2.7% increase in like-for-like sales as well as store expansion, with eight new stores opening in the period taking the total to 174. Net debt fell from £1,560,000 to £874,000, with its £5.6m term loan having been paid back.Helped by the trialling of some TV advertising in the London area into the Christmas peak, Majestic increased the number of active customers registered on its database by 7.7% to 534,000 while average spend per transaction rose from £122 to £125. E-commerce sales have also improved 8.7% over a year ago and ...

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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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