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.

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)

shame i didn't follow my own recommendation!

There are some on here who would love to add to MJW's turnover - Richgit, Balerboy Stan and not forgetting Bellinda to name but four -):

Stan, its being sorted by Ian.
ps. did not think to ask would it be this year. lol

StockMarketWire.com
Majestic Wine will be announcing its interim results for the 26 weeks ended 26th September on Monday 14th November.

Majestic 's full-year results, published in the summer, showed no evidence whatsoever of a consumer slowdown sales were strong and profits were up 24pc, thanks to its relatively well-heeled customers spending 6.94 a bottle on average.

Majestic will be keen to show that it has continued to buck the slowdown in the run up to its crucial Christmas trading period, even though supermarkets have found shoppers putting fewer items in their baskets.

No analyst has published half-year forecasts but the company is expected to make a pre-tax profit of about 8.3m up from 7.3m a year ago

profits beat above forecast (8.8m) but market still doesn't much like, prob because (quite rightly) it has a jaundiced view of uk retailers

StockMarketWire.com
Wine retailer Majestic Wine said profit before tax increased by 20% to 8.8m in the half-year to 26th September (2010: 7.3m).

Interim dividend is increased 15.2% to 3.8p per share.

Total sales were 8.7% to 127.8m (2010: 117.6m) and like for like sales in UK retail stores up 2.7% (excluding VAT).

There was an increase in active customers of 7.7% at 534,000.

Online sales increased 8.7% on last year and now represent 9% of UK retail sales.

Eight new stores were opened in period and three since end of September bring total number of stores to 174.

Lay & Wheeler, the group's fine wine specialist, recorded profit before interest and tax of 292k (2010: 77k).

Majestic in France recorded profit before interest and tax of 658k (2010: 574k).

In the six weeks from 27th September to 7th November 2011, like for like sales in UK stores were down 1.1% with total UK store sales up 3.8%.

Steve Lewis, Chief Executive, said: "I am very pleased that Majestic has achieved profit growth of 20% in the half year and we are very well prepared for the important Christmas trading period."

bought a modest number last friday, but it's a pretty illiquid stock so tends to have a wide spread .... even so, a nice little profit ....

LONDON, Jan 10 (Reuters) - Majestic Wine PLC :
* Total UK store sales, excluding vat, were up 8.4% for the nine weeks of christmas trading
* Like for like UK store sales growth of 4.0%
* Brings like for like UK store sales growth, exc vat, to 2.7% for first 40 weeks of the financial year