Naked Wines Share Discussion Threads

[vulgaris] 17/7/2017 08:51

It has now dropped by one-fifth since the optimistic statement of a month ago (post 65). I'm increasingly inclined to take the loss on this one and move on. Holdings in Conviviality are doing much better

[buywell3] 16/6/2017 13:15

I wonder if the chart wants to go sub 300p again

A lower high now seems to be in

325p is key

dyor

[gutterhead] 15/6/2017 16:31

Over reaction, had to buy some for the bounce

[waldron] 15/6/2017 08:52

TELEGRAPH

Sam Dean

15 June 2017 • 8:31am

The boss of Majestic Wine has claimed the company is “past the tipping point” as it continues its transformation plan, despite falling to a full-year loss.

The UK’s largest wine retailer said sales were up nearly 16pc in the year to April 3, with underlying revenues rising 11.4pc to £461m on a year-on-year basis.

Majestic was boosted by its US-focused Naked Wine business, where sales were up 26pc and gross profit rose from £39.6m to £48.2m.


However, it made a full-year loss before tax of £1.5m, down from a profit of £4.7m in the previous year. The company said this figure was a reflection of one-off charges relating to its acquisition of Naked Wines in April 2015.

In a separate announcement, Majestic said its chairman Phil Wrigley would be retiring as chairman and stepping down from the board in August.

He will be replaced by Greg Hogger, who was appointed as non-executive director in October 2015.

Majestic is in the midst of a three-year transformation plan


Majestic issued a profit warning in September last year, sending shares plummeting by 25pc. It has faced a number of problems in the US, including a bungled postal campaign to promote the Naked Wines business.

However it enjoyed a bumper festive season with its “biggest ever Christmas”, and said it was now making good progress on its three-year transformation plan.

“We are past the tipping point, both financially and operationally,”; said chief executive Rowan Gormley.

“Operationally, we are through the most risky and cost intensive phase of our transformation plan.

“Together these mean we have a business that is better able to weather the uncertain trading environment, with a sustainable growth model, the big strategic questions answered, a better paid and rewarded workforce and more effective systems and processes.”

Majestic Wine shares were broadly unchanged in early trade at 385p.

[rtyson197] 04/5/2017 18:36

WINE tipped here in Trendwatch:
hxxp://trendwatcham.com/buy-majestic-wine-at-373-25p/

[wiseacre] 13/4/2017 00:20

With weak consumer spending and the pound's devaluation is there any wonder why this is the second most shorted company on AIM?

[marwalker] 03/4/2017 18:06

BREXIT in two years time ...... is this the end of bringing back 200 bottles of wine from Roscoff / Calais and no UK duty to pay ?

[zcaprd7] 06/3/2017 16:37

Gone weak again...

[gengulphus] 08/2/2017 12:22

Looks to me like an opening auction with very little interest, allowing it to set a 'false' opening price on just a few orders, followed by nearly an hour without any trades so that the opening price remained the current price for that long. As soon as a trade did happen, the jump mostly reversed.

The sort of thing that could cause an opening auction to set such an opening price would be something like just two orders in the auction - one an opportunistic selling order hoping to get a high price, the other a buying 'market order' (a special type of order used in auctions only saying that the investor will accept whatever price the auction settles on). I think (*) that would result in the opening auction producing an uncrossing trade (the type UT trade) at the opportunistic selling price, for the smaller of the two numbers of shares - in this case 41 shares. And an opening auction that actually results in an uncrossing trade will set the opening price at the price of that trade.

In any event, looking at the trades list, only that 41-share uncrossing trade was affected by that (or whatever other technical effect produced the strange price jump). Total effect on all the investors involved in the auction was that the buyers overpaid the sellers by 41 times about 15p = about £6. So not a big deal!

(*) But am not certain - it's several years since I last looked at precisely how auctions resolve, and only the general outline has stuck in my mind...

Gengulphus

[iconista] 08/2/2017 08:30

Can anyone enlighten on this morning's sudden jump on no news and few trades?

[eastbourne1982] 01/2/2017 17:53

Well this is recovering quite nicely, difficult thing is timing when to sell (as always), I purchased in the low £2.90's a few months ago so am sitting on a decent gain, my original target was £3.75 - £4.

What interests me here is Naked Wines and it's growth, if N W was a separate entity I reckon it would be valued at a fair chunk of WINE's total market cap given it's growth potential and business model.

[wiseacre] 19/1/2017 13:47

Christmas trading may have been good but the full implications of a the fall in the sterling have yet to be felt. Wouldn't be long of this stock.

[scapital] 10/1/2017 07:14

Sales in line with forecasts, that will do for now to start the share price recovery.

[blippy2] 09/1/2017 13:06

No probs gswredland. Interactive Investor can be a bit hit-and-miss on their timetable sometimes.

[gbcol] 09/1/2017 13:04

Should be interesting. I did my bit for their sales in December!!

[gswredland] 09/1/2017 11:18

Thank you blips - thought it was today according to interactive investor

[blippy2] 09/1/2017 08:58

Tomorrow, according to their website.

hxxp://majesticwineplc.co.uk/investor-centre/financial-calendar/

[gswredland] 09/1/2017 08:12

I thought they were releasing a statement today

[abarclay] 08/1/2017 10:58

As a result of weak high street sales, there are concerns about how Majestic Wines and Bonmarché have fared.

[buoycat] 04/1/2017 23:07

Keep some customers away maybe. But majestic shouldn't try and keep on a par with supermarkets; it's a battle they can't win. A loyal customer base with a higher average spend is the pay off.

[emeraldzebra] 04/1/2017 09:00

---was a bit disappointed to walk in to my local Majestic over Christmas, and be hammered a pretty full £ 12 more per bottle - just because i did not want a full case. i thought they had got over this persistent point that customers have been complaining about for years and were trying to keep on par with at least some of the supermarkets. This point alone continues to keep people away....