Updates

Majestic Wine

February 2014

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.

Majestic has announced in-line trading over the 10 week Christmas period, with sales up 5.9% driven by 2.8% growth in like-for-likes. This result brings the like-for-like sales at the 40 week stage to +0.8%. Majestic is on course to open 16 stores this year and Canaccord highlights the attractions: “New stores break-even in one year and have a cash payback in just under 3 years. Coupled with this it has a strong balance sheet, where 30% of the estate is freehold and negligible debt.” What's not to like?A non exec bought 5,000 shares at £5 during the month. Looks a nice buy point on the chart. ...

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Tungsten

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Majestic Wine - Earnings upgrade to 25.9p for current year (July 2011)

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Majestic Wine - Acceleration in store opening programme (December 2010)

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Majestic Wine (February 2004)

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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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