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Secondary Recommendation

Majestic Wine - Reduction in minimum order drives strong growth

July 2010

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.

  • Epic Code:
  • WINE
  • Price:
  • 294p
A reduction in its minimum order size and the demise of a major competitor has resulted in a serendipitous leap in performance at Majestic Wine, with year-end results comfortably beating forecasts. In truth this should hardly come as a surprise given that Majestic, the UK's largest wine warehouse retailer, has established a superlative record as a quoted company, with its shares increasing more than seven-fold in the past thirteen years. And this performance simply mirrors its financial success with its pretax profit increasing from £2m to £16m and its eps rising from 2.6p to 18.4p over the same period.Majestic has grown from a single outlet in Wood Green in 1980 to become the dominant player in its field and curre ...

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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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