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Majestic WIne

February 2002

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
Already the largest UK independent wine warehouse operator, Majestic Wine, which has featured before in Sharewatch, has the makings of a long term success story.Interim figures from Majestic in November were excellent with earnings up 38% and the second half beginning strongly. The shares initially hit 435p and have since reacted to 401p. We believe this is just the beginning of a sustained rise in the share price, fuelled by a general increase in spending on wine, improving margins which come from spreading the unit cost of head office across more units and the debt financed acquisition last October of four highly profitable warehouses in France.Analysts are forecasting profits reaching  £7.0m in the year starti ...

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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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