Updates

Majestic Wine

July 2015

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.

We spoke to new chief executive Rowan Gormley following the release of FY15 results, which were in line with recently downgraded expectations, with sales of £284m, a pretax profit of £20.9m and eps of 24.1p.But these results are largely of academic interest given that the nature and shape of the group has changed. For those not familiar with Naked Wines, the £80m turnover business operates alongside the same general lines as Britannia Book Club, which has operated in the UK for years, except it is involved in wines. The so called ‘angels’ or drinkers each pay £25 or US$40 a month over to Naked and the money is pooled and used to fund wine making. Gormley, who set up the business, points out that ...

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Majestic Wine - Current year the nadir in its fortunes (December 2016)

Majestic Wine (November 2016)

Majestic Wine - Gormleys 3 year turnaround off to good start (July 2016)

Majestic Wine (February 2016)

Majestic Wine (December 2015)

Majestic Wine - Buys Naked Wines for £70m to add international dimension (May 2015)

Majestic Wine (February 2015)

Majestic Wine - Sterling strengthening helps (December 2014)

Majestic Wine (July 2014)

Majestic Wine (April 2014)

Majestic Wine (February 2014)

Majestic Wine (December 2013)

Majectic Wine (July 2013)

Majestic Wine (August 2012)

Majestic Wine (February 2012)

Majestic Wine (December 2011)

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

Majestic Wine (February 2011)

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

Majestic Wine - Upgrades follow results (July 2010)

Majestic Wine (June 2010)

Majestic Wine - LFL sales boosted as Majestic begins selling wine by half case (February 2010)

Majestic Wine (July 2004)

Majestic Wine (February 2004)

Majestic Wine (February 2003)

Majestic Wine (July 2002)

Majestic WIne (February 2002)

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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