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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Majestic Wine | MJW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 388.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 388.25 |
| Top Posts |
|---|
Posted at 17/11/2016 09:37 by waldron Majestic Wine shares flow higher as turnaround plan bites08:32 17 Nov 2016 The firm has been under pressure to kickstart growth and in September issued a profit warning Majestic Wine shares flow higher as turnaround plan bites The firm reinstated an interim dividend of 1.5p a share, underlining future confidence Shares in wine merchant Majestic plc (LON:MJW) flowed a little higher as it told investors its turnaround plan was working and it unveiled a 13% increase in sales in the first half. The firm has been under pressure to kickstart growth and in September issued a profit warning, forecasting pre-tax earnings before interest for the full year to April 2017 would be lower than market expectations. In the latest six months to September 26, revenue was £205mln (2015: £181.6mln). The loss for the period was £4.4mln, compared to a profit of £4.3mln in the same period last year. The loss recognised £4.5mln of adjusted items, largely relating to the group's acquisition of online retailer Naked Wines in 2015. The firm reinstated an interim dividend of 1.5p a share, underlining future confidence. Chief executive Rowan Gormley said: "Now that we have built a solid platform for future growth, future cost growth will be much lower. "We are reiterating our commitment to hitting our goal of delivering £500m sales by 2019, and we believe that will translate into healthy profit growth now that the step change in investment is complete." The period saw a 26.7% increase in sales at Naked and a 5.7% rise like-for-like in the retail division. Majestic commercial was up 1.2% Its Lay & Wheeler fine wine group was firmly back in growth, with a 27.8% increase in sales, due largely to the huge positive impact of a new management team. House broker Liberum rates shares a 'buy' and targets 380p. "The dynamic model being created is a far cry from the old Majestic," it says. The transition towards a 'return on investment' focus via opex driven growth was always going to create a short, albeit sharp decline in these first half results, it notes. "There are signs of positive momentum which, should they continue, drive outperformance." Shares added 1.08% to 305p. |
Posted at 07/1/2016 15:52 by market sniper3 MJW Majestic Wine.........BUZZ-Majestic Wine: Rare gainer on strong Christmas sales 07-01-2016 * Wine warehouse chain Majestic Wine up about 6 pct amid the broad equity sell-off after reporting 7.3 pct rise in comparable sales for Christmas period * Total sales growth was 42.6 pct compared to same period last year, boosted by acquisition of Naked Wines [nRSG0718La] * Stock hits over 7-wk high * Broker Investec says growth in commercial has improved, Naked Wines continues to trade robustly with break-even expectations unchanged; rates stock with "buy" * Liberum says if Naked Wines can deliver between 20-30% sales growth p.a., by FY2019 it will be worth more than what the combined group is valued at today; recommends "strong buy" * Stock best performer on FTSE AIM Retail Index <.FTAXX5300S> |
Posted at 07/1/2016 15:04 by market sniper3 Majestic Wine PLC (MJW) Rating Reiterated by InvestecJanuary 7th, 2016 Filed Under • by ABMN Staff Majestic Wine PLC logoMajestic Wine PLC (LON:MJW)‘s stock had its “buy” rating reaffirmed by Investec in a research report issued on Thursday, Market Beat.com reports. They currently have a GBX 400 ($5.88) price target on the stock. Investec’s price objective suggests a potential upside of 31.44% from the stock’s previous close. Shares of Majestic Wine PLC (LON:MJW) opened at 345.8750 on Thursday. The firm’s market cap is GBX 227.28 million. The company has a 50-day moving average of GBX 317.35 and a 200 day moving average of GBX 374.13. Majestic Wine PLC has a 52-week low of GBX 273.25 and a 52-week high of GBX 480.00. Other analysts also recently issued research reports about the company. Liberum Capital reiterated a “buy” rating and issued a GBX 500 ($7.35) price objective on shares of Majestic Wine PLC in a research report on Monday, November 2nd. Canaccord Genuity reiterated a “hold” rating and issued a GBX 310 ($4.56) price objective on shares of Majestic Wine PLC in a research report on Tuesday, December 15th. 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. Lay & Wheeler is a fine wine merchant engaged in en primeur sales, cellarage and broking of customer reserves. Majestic Wine Calais is a retailer-based in Calais selling to the United Kingdom consumers on lower rate of alcohol duty in France. It offers around 82 types of wines to commercial customers. The Company operates around 212 stores in the United Kingdom. The Company’s subsidiaries include Majestic Wine Warehouses Limited, Les Celliers de Calais S.A.S., Majestic Wine Employee Share Ownership Trust Limited, Vinotheque Holdings Limited, WBI Holdco Limited and Lay & Wheeler Limited. |
Posted at 07/1/2016 11:49 by market sniper3 Majestic Wine PLC (MJW) Earns “Buy” Rating from Liberum CapitalJanuary 7th, 2016 by ABMN Staff Majestic Wine PLC logoMajestic Wine PLC (LON:MJW)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a GBX 400 ($5.88) price objective on the stock. Liberum Capital’s price target points to a potential upside of 31.44% from the company’s previous close. Majestic Wine PLC (LON:MJW) opened at 304.31 on Thursday. The stock has a 50 day moving average price of GBX 317.35 and a 200 day moving average price of GBX 374.13. The stock’s market cap is GBX 199.97 million. Majestic Wine PLC has a 52 week low of GBX 273.25 and a 52 week high of GBX 480.00. Several other equities analysts also recently weighed in on the company. Panmure Gordon reiterated a “sell” rating and set a GBX 320 ($4.70) target price on shares of Majestic Wine PLC in a research report on Monday, September 14th. Investec restated a “buy” rating and set a GBX 400 ($5.88) price target on shares of Majestic Wine PLC in a research note on Tuesday, December 15th. Finally, Canaccord Genuity restated a “hold” rating and set a GBX 310 ($4.56) price target on shares of Majestic Wine PLC in a research note on Tuesday, December 15th. 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. Lay & Wheeler is a fine wine merchant engaged in en primeur sales, cellarage and broking of customer reserves. Majestic Wine Calais is a retailer-based in Calais selling to the United Kingdom consumers on lower rate of alcohol duty in France. It offers around 82 types of wines to commercial customers. The Company operates around 212 stores in the United Kingdom. The Company’s subsidiaries include Majestic Wine Warehouses Limited, Les Celliers de Calais S.A.S., Majestic Wine Employee Share Ownership Trust Limited, Vinotheque Holdings Limited, WBI Holdco Limited and Lay & Wheeler Limited. |
Posted at 08/12/2015 09:42 by filster I can't see them combining with A N Other especially a supermarkets. The two brands you've mentioned aren't viewed as premium brands whereas MJW is at least an upper to mid brand. I don't think either of the two would sit well together. MJW have a clear plan and have reduced their minimum purchase of 6 bottles, only time will tell if that helps them as they hope. I certainly know that in the past I've sometimes only wanted one or two bottles and felt it easier/cheaper to just buy from Sainsburys or Tesco.The slight issue I have with MJW is that they price something like Bollinger with a 33% discount vs. a Supermarket at 25% discount but no prizes for guessing which one is actually cheaper! I think that they are attempting to get back to their roots and on a bit of a journey of rediscovery - they need to gain customer trust and get people through the door. They've got some cracking wines in there but you don't always know about them and 'everyone' sells the brands... I like the layout of the stores and the staff are always helpful and knowledgeable whereas quite a few other chains (admittedly in different sectors) don't have that - there's definitely a difference between MJW and most, if not all, supermarkets. I think the other difficulty is in providing wines that (some) people recognise or are willing to try whilst not having the supermarkets tread on their toes and nab those wines. Although Supermarkets seem to churn their lines of stock a lot more than MJW. |
Posted at 16/11/2015 10:48 by cockneyrebel MJW: LiberumThe 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. |
Posted at 16/11/2015 08:14 by goliard I may regret it, but I closed my short at 286p which was opened at 450p. Nothing to feel cheerful about at MJW and maybe a fund raising on the way, but I am happy to take the profit and move on. |
Posted at 27/10/2015 20:31 by williemanjaro Darlington glasses have been a feeble freebie for years and years-Come on MJW. Avery's,Wines Direct, Sunday Times Wine Club....bolt on nothings but great for target practice! |
Posted at 11/4/2015 11:05 by 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. |
Posted at 10/4/2015 14:45 by randomambler Some more thoughts on today's announcement after a bit of consideration.In one sweeping move they're buying Naked Wines for 70M and installing the founder of NW as the new CEO for the group. I certainly didn't see this coming but Majestic needed to do something to shake up the business and this bold acquisition certainly fits the bill. In the same statement they mention that pre-tax earnings for the year will come in at around 21M. This is a bit of a profit warning as this is around 10% down on last year's figure of 23.8M and hidden within this is some further bad news; last year the H2 earnings came in at 14.2M while this year the guidance is now for 12.4M in H2 (which includes Xmas). So there's a second-half drop of 13% which is an acceleration from the reported H1 drop (although there will be interest paid here from the net debt position). At the same time sales are actually up ("Since Majestic's Christmas trading update on 7 January 2015, total store sales have grown 4.1%, up 1.5% on a LFL basis.") which means that margins are down - either as a result of promotional pricing or increased costs. A somewhat worrying statement is that March was poor ("January and February were in line with expectations but March was weaker with adverse foreign exchange movements in March") and that FX movements played a part in this. I wonder if these will reverse and what the size of the loss is here. The other bad news is that the final dividend for 2015 is being axed along with the interim dividend for 2016 - with the only guidance on future dividends being that they will be incrementally re-instated out to 2018. Another surprise given that one of the attractions of Majestic Wine (LON:MJW) is its yield and there's no guarantee of it becoming a high-yielder again. So I think that this statement is a bit of a curate's egg... Pros: - New CEO looks very dynamic and has a proven track-record in the wine business - Naked has a real focus on customer service and this seems to come from the top (see hxxp://www.nakedwine - Majestic needed to stop its expansion plans and come up with something new to refresh the business - Group may start to attract attention in the market and may get re-rated in time - Majestic business is very cash-generative and should be able to repay debt fairly quickly with much reduced capex and dividend payouts Cons: - New CEO is likely to kitchen-sink whatever he can in the Majestic accounts and this could be messy - No dividends for a year and no real guarantee of a good yield in the future - I'm unconvinced by the synergies in that Majestic already has an online presence and Naked has a very good delivery setup of its own (and Naked wines aren't going to appear in Majestic stores) - Management teams are being retained on both sides so there's no stripping out of duplicated costs - The businesses will be operated separately so they'll both bear their current advertising and acquisition costs - A hefty amount of debt is being taken on and interest payments may amount to around 10% of pre-tax earnings - Naked is currently loss-making and will thus act as another drag on earnings in the short-term - Exposure to US and Australia isn't obviously beneficial for Majestic stores - Some Naked investors/customers will leave as see this as a takeover by a nasty corporate giant Overall I do view this as a transformational deal for Majestic but I'm not sure that the reasons given for the merger are all that compelling (compared to Shell taking over BG for example). There's a heap of execution risk here with one struggling business taking over a loss-making one but if they can carve out an improved market niche then things could turn out well. Rowan Gormley has it all to play for and his efforts will certainly be closely watched! |
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