Updates

Majestic Wine

January 2004

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.

The bandwagon propelling shares in Majestic Wine keeps rolling relentlessly on and they are now up 87% since our main recommendation last February. Majestic has once again beaten expectations for the six months ended September, with pretax profit rising 42% to £34m on turnover up 22% to £69.1m, the like-for-like component being 10.7%. Although gross margins fell slightly from 19.7% to 19.4% this reflected higher sales of lower margin items, such as beer and champagne, as the freakishly hot summer sucked in more thirsty customers. Nevertheless margin growth at the operating level was up sharply from 4.8% to 5.6%, reflecting the group's relatively fixed cost base. A major feature of Majestic's s ...

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Mothercare - New store format a great success

Nord Anglia - Shares break into higher ground

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)

Majestc Wine (February 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 (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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