Majestic Wine Share Discussion Threads

[maywillow] 17/11/2016 09:46

thread now out of date

look under epic WINE

[waldron] 17/11/2016 09:37

Majestic Wine shares flow higher as turnaround plan bites
08:32 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.

[blusteradjuster] 14/7/2016 21:05

Look under WINE

[luckymouse] 14/7/2016 19:30

is that chart supposed to be flat?

[bigbigdave] 14/3/2016 19:19

Thought a new thread might be appropriate due to the epic change to WINE

[emeraldzebra] 08/1/2016 09:49

only one small worry - but wonder if the recent cancer scare attached to alcohol might deter consumption overall. Worth bearing in mind perhaps.

[market sniper3] 07/1/2016 15:53

* 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"

[market sniper3] 07/1/2016 15:52

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>

[market sniper3] 07/1/2016 15:16

Majestic Wine reports big jump in Christmas sales
Thu 07 January 2016 09:17 | A A A

(ShareCast News) - Majestic Wine reported a big jump in sales for the Christmas trading period as it benefited from the acquisition of Naked Wines.

In a trading update for 27 October to 4 January, the wine specialist said sales grew 42.6% compared to the same period last year, boosted by the Naked Wines purchase in April.

Like-for-like sales at Majestic Retail were up 7.3% in the period versus a 1.7% drop last year, supported by the previously-indicated strategic investments to reinvigorate sales growth with a new and simplified pricing policy and improved customer experience in store and on-line.

Majestic added that as expected, these investments resulted in higher costs and a slightly lower percentage gross margin during the period.

Chief executive Rowan Gormley said: "This is an encouraging result. Majestic Commercial and Naked Wines continued to grow strongly, and I am particularly heartened to see the Majestic Retail business grow as the impact of our better pricing, better service and better looking stores starts to take effect.

"However there is still much to do. We are only three months into our three year plan and although this performance is pleasing it is too early to call it a trend."

[market sniper3] 07/1/2016 15:04

Majestic Wine PLC (MJW) Rating Reiterated by Investec
January 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.

[market sniper3] 07/1/2016 15:00

Whats going on here..........

[market sniper3] 07/1/2016 11:49

Majestic Wine PLC (MJW) Earns “Buy” Rating from Liberum Capital
January 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.

[market sniper3] 07/1/2016 11:03

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.

[market sniper3] 07/1/2016 10:49

Just seen a copy of the Liberum Broker note and all my questions above have been answered more or less. A far better explanation than the one put out by management this morning.

If the market in general was more predictable Id buy a large stake but going to dip in here and Buy.

[buoycat] 07/1/2016 09:45

A promising start to the turn round in my view

[market sniper3] 07/1/2016 08:39

AND Sales up against VERY SOFT AND DISAPPOINTING SALES LAST YEAR.

Majestic Retail like for like sales grew 7.3% in the Period (versus decline of 1.7% in comparator period),

Investors being played here on these results, nothing more than average, not even that. OK better than last year but no great shakes.

[market sniper3] 07/1/2016 08:35

And MARGINS (which are paper thin anyway) FALLING......

As expected these investments resulted in higher costs and a slightly lower percentage gross margin during the period.

[market sniper3] 07/1/2016 08:31

NO, good spot dlku. Traders being duped here.

[emeraldzebra] 07/1/2016 08:25

dlku - Thanks - good point - but was that predicted during / after the naked wines link up ?

[dlku] 07/1/2016 07:38

Costs £10m higher this year which they have omitted in the trading statement