Any one know why the share price for MJW has fallen off a cliff? They had a good year to March 2004 and prelim results are coming out soon. Don't tell me we are all so upset by Iraq that we've all stopped buying booze.

http://moneyam.uk-wire.com/cgi-bin/articles/200811071620057518H.html

Does anyone know what AIM Rule 17 is please?

MJW is almost certainly the best wine retailer in UK ..... not only do they carry a wide range, from cheap to (almost) top quality, but the staff are knowledgeable too.

there was a time when Oddbins were serious competition, but they went badly downhill once they were taken over by Nichiolas and their bunch of accountants ..... actually, i heard a story a few months back that the management were buying them back again, though whether or not it is true, i do not know.

MJW's chart (below), looks pretty ugly, and for sure they cannot have escaped the downturn in spending, but if sp dips to 140 again, that could be a good entry point especially with Christmas in the offing

In answer to my own question in post 27:

Disclosure of miscellaneous information
17. An AIM company must issue notification without delay of:

♦ the resignation, dismissal or appointment of its nominated adviser or broker.

A good business but with the large supermarkets to contend with they are in a tough position.
There was a decent note on Investors Champion (www.investorschampion.com) that addressed many of the issues on this one

Wonder Aim share of the past 10 years now in backwards momentum I would guess 60p..

Corporate sales dip at Majestic Wine
MoneyAM
Majestic Wine said this morning that in the first half it saw an increase in sales to private customers and its share of UK wine market maintained. However, the wine warehouse chain reported a decline in corporate sales, particularly Champagne. Down over 7% on the news.

I had to laugh about the decline in corporate sales, "particularly Champagne" -):

Business Financial Newswire
"Majestic Wine chairman Simon Burke will retire following the next AGM on August 6. Non-executive director Phil Wrigley, 57, has been appointed as chairman-designate to succeed him.

Wrigley was until recently chairman of retailer New Look, having previously been its chief executive, and has held senior management positions at Debenhams, Arcadia and BHS. Currently he is chairman of LXB Retail Properties. "

From Altium Secs:
"A very short Christmas trading update details that LFL sales growth (ex VAT) was 3.7% over the nine week trading period from 2 November 2010 to 3 January 2011. A commendable performance in our view particularly given the weather disruption etc. Clearly this represents a slowdown from the very strong +7.6% LFL position reported for the 6 months to end Sep 2010. Taking into account new store openings (which are H2 weighted this year), total sales advanced by 6.4% during the period.

Given no indication otherwise, we assume the company remains comfortable with the current market consensus of which we are very marginally above. Looking a year further out we are upgrading our TP to 400p but given the exceptionally strong share price performance (61% relative outperformance over last year) we are now moderating our recommendation to Hold. Nevertheless the long term attractions remain, not least the significant self-funded organic growth opportunity and the groups growing cash pile.

if you look at the chart, sp has challenged and failed at 400 a few times ..... this is a very good company, leaving the likes of Nicholas (was Oddbins) for dead

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post 31 - another great call of mitzy's!

worth dusting this one down i think .... was prodded by some good press comment over w/e and the company is most assuredly the best (significant) wine/beer specialist in the country ..... one of the strongest points is that MJW does not need to pay exorbitant high street rents, which is the bane of other retailers - e.g. nicolas and oddbins

Nice find cynic, may be worth a wee punt up to final results on 13th June say SB or CFD Limit Buy 402.0 initial target 420.0. Good support at 380.0 so scope to go short if reverses.

Err maybe not, just checked Cap Spreads spread far to big for me at mo nearly 10p.

you can place an order at whatever price you want ... it's not MM governed .... btw, live price shows 392.25/395.75

Just being cautious cynic, spread a big factor to consider when spread betting a stock you have never traded before. Cap spreads now reduced a wee bit 391.5 - 396.3, I'm watching for 50DMA to be breached first if that makes sense, which means my order would be triggered to early for my liking on current spread.

This is doing really well cynic, got in last Thursday @ 400.0 and despite sell off going up. Still can't get my head round the fluctuating spread though 0.25 as of now but has been all over theplace this week :O)

Just spotted it Buy rating @ Liberum target price 509.0

And out (for now) 418.2

StockMarketWire.com
Wine retailer Majestic Wine said group profit before tax increased by 26.6% to 20.3m in the year to 28th March (2010: 16m).

Total sales were up 10.3% to 257.3m (2010: 233.2m). Like for like sales in UK retail stores rose 5.3%.

A final dividend of 9.7p net per share will be paid, bringing the total dividend for the year to 13p, an increase of 26.2% on last year (2010: 10.3p).

Lay & Wheeler: Profit before interest and tax at 701k (2010: 23k).

Wine and Beer World: Like for like sales grew 23.6% with profit before interest and tax at 1m (2010: 0.4m).

Majestic said it saw a continued increase in the number of customers who have made purchases in the last twelve months, up 8.2% to 511,000.

Average spend per transaction declined just 2.5% down at 126 but there was strong growth in transaction numbers, up 12.5% to 2.0m.

The average bottle of still wine purchased at Majestic is now 6.94 (2010: 6.56).

Online sales increased 9.6% on last year and now represent 10.2% of UK retail sales.

Majestic Commercial: Sales to business customers grew 17.2% on last year and now represent 24.2% of total UK sales.

Sales of fine wine (priced at 20 per bottle and above) increased by 23.7% on last year, representing 6% of UK store sales.

There was an accelerated number of new store openings during the period, to twelve from six in the previous year.

Since the year end, Majestic has opened in Evesham and Weston-Super-Mare, giving us 165 stores in the UK.

In the ten weeks from 29th March to 6th June 2011, UK like for like sales were up 4.4%.

Steve Lewis, CEO, said: "We are delighted that so many new customers have chosen to shop with Majestic and are encouraged that all parts of the business are showing strong progress."

Ex-divi on the 13th july '11 (9.7p)