||EPS - Basic
||Market Cap (m)
|market sniper3: Majestic Wine PLC 21.2% Potential Upside Indicated by Investec
Posted by: Ruth Bannister 7th January 2016
Majestic Wine PLC using EPIC/TICKER code LON:MJW has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Investec. Majestic Wine PLC are listed in the Consumer Services sector within AIM. Investec have set their target price at 400 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 21.2% from today’s opening price of 330 GBX. Over the last 30 and 90 trading days the company share price has increased 2 points and decreased 116.75 points respectively.
Majestic Wine PLC LON:MJW has a 50 day moving average of 327.19 GBX and the 200 Day Moving Average price is recorded at 387.59 GBX. The 1 year high for the share price is 480 GBX while the year low stock price is currently 273.25 GBX. There are currently 76,058,480 shares in issue with the average daily volume traded being 333,414. Market capitalisation for LON:MJW is £263,268,834 GBP.
Majestic Wine PLC is a United Kingdom-based holding company, which is engaged in retailing of wines, beers and spirits. The Company’s segments include Majestic Wine Warehouses, Lay & Wheeler and Majestic Wine Calais. Majestic Wine Warehouses is a wine specialist in the United Kingdom selling wine by the mixed case.|
|lgw500: Well, the share price has woken up! Post Christmas cheer or is someone interested? Who knows what may happen after yesterday's odd announcement from Sainsbury's! Aldi or Lidl? Stranger things have happened.|
|cockneyrebel: MJW: Liberum
The performance of the business is strong with all four units delivering sales growth. The core Majestic business has done better than expected. However the key focus today will be on the strategy update where the new management have highlighted their view of the future. The have laid out some challenging targets from sales, cashflow and ROI targets which we feel highlight the ambition. The costs to deliver this new strategy represent a shift from capex to opex thereby the distortion to the P&L should be over-looked in favour of what remains a very strong and highly cash generative business. We retain BUY but move our TP to 400p following what has been a very poor share price performance leading into these results.|
|goliard: tryto - I agree with your views. I just hope that the marketing hype doesn't influence more than the reality of the numbers as I expect the next interims to be poor. I am still wary that the share price might be pushed much higher with lots of 'jam tomorrow' (ie expanding in the US!!). I actually like Majestic and do buy wine there, so I am not anti the company at all. I just think the hype of this acquisition is all wrong.|
|goliard: So the ordering by text message is intended for those who cannot access a PC or smartphone. How many people is that? None? I wonder how much is has cost to set up and run? Lots?
Majestic's profits are likely to be lower than last year with Naked losses included, but the share price was up 50% on the deal. Doesn't add up.|
|cockneyrebel: Liberum out with a buy and a £5 target:
"The announcement confirming the roll-out of Click & Collect across the Majestic Wine network for Naked customers is step 1 in many of the positive integration benefits that will arise. The ability to leverage Majestic Wine's physical store presence will prove a key support in building substantial more market share in the UK. We feel it will take time to transform the investment case away from a traditional store roll-out model to one that offers investors international growth and a proven online model. However this in our view underlies the scale of the opportunity for future share price outperformance. BUY."
|extrader: Hi again,
Rowan gets his 4.5 million shares as 'contingent consideration', with some clawback depending on whether targets achieved or not.
DAK if shareholders are likely to find out what his targets are ?
For comparison, TNI executive incentive shareholdings vest on attainment of some simple, numerical share price levels.
|bobsidian: Given that the discount mechanism deployed by equity markets seems to be looking at least 2 years into the future to warrant valuations ascribed elsewhere it will be interesting to see what market forces make of such a commercial move by MJW. You do not need to look too far to see the current insanity of equity markets. WTB is trading on a P/E of 30 times current earnings and a PEG factor in excess of 4 whilst offering a dividend yield of about 1.25%. And it as an entity is hardly debt free.
From a technical perspective it was noteworthy that the share price of MJW took a dive down through the 61.8% Fibonacci retracement level - a 61.8% retracement of the entire move up from its 2008 low to its 2013 peak - before staging its share price reversal.|
|trytotakeiteasy: not a great looking share price chart.... may suggest another poor trading statement on the way... dividend not bad at around 5% though..|
|jeffcranbounre: Majestic Wine is mentioned in today's (07/01/2015) ADVFN podcast.
To listen to the podcast click here> http://bit.ly/ADVFN0102
In today's podcast:
- Brenda Kelly, Chief Market Strategist at IG.com chats about Tesco, Sainbury's, BP, Tullow Oil and more. Brenda on Twitter is @BrendaKelly_IG
- And the micro and macro news including:
Tullow Oil #TLW
Galliford Try #GFRD
Keller Group #KLR
Majestic Wine #MJW
Royal Dutch Shell #RDSB
Escher Group #ESCH
Anglo American #AAL
Shanks Group #SKS
Punch Taverns #PUB
Enterprise Inns #ETI
Imagination Technologies #IMG
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Majestic Wine share price data is direct from the London Stock Exchange