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.

Good question beaufort thinking the same thing myself, anyone else?

Ed: Also BTW are there any holders out there?

look at their valuation of stock?

From watshot MWM..

Majestic Wine - down 75%?
I bet I was not the only one who had to do a double take when checking share prices yesterday morning. The collapse in the price of Majestic Wine (MJW) leapt off the screen. It was down 75% at 229p, a fall of 693.5p. By the close it had improved a fraction to 231.5p.

The collapse was not a collapse, it was instead the result of a four for one scrip issue. We don't see that many scrip issues nowadays, unfortunately. I think that shareholders enjoy the prospect of having more shares in their favourite companies. Whilst from a market aspect such issues help to increase liquidity.

The share split will speed on the prospect of the shares getting to the previous 10 target, last night they closed at the equivalent of 926p. Now that target is 250p equivalent, which should be achieved in fairly short time frame.

I really do rate this company, its management and its potential. The shares are still a Buy.

Lost track of this one lately, results out on Monday 15th. price been going sideways.

Good outfit this lot, thinking of a quick in/out but surprised at lack share activity.

Any thoughts?

Just been reading about this,bloody hell,talk about a drop off. With 2/3rds of the sp gone there just mite be a small profit here short term stan,small buy i think for me,goodluck..

Only reason for the 2/3rds decrease Dave was a share consolidation so not concerned about that.

Just don't seem right that it ain't rising...i will continue to think on this one.

Thanks a lot

Stan.

I hope it was a share split. Otherwise they have problems!!! #:+))

It definitely was Fred.

LONDON (Thomson Financial) - Majestic Wine PLC said it has appointed David Sinfield as marketing director, reporting directly to chief operating officer Steve Lewis.

Sinfield, who will join in mid-August, is currently head of category and direct marketing at John Lewis and has previously held posts as head of stores marketing at Safeway and brand marketing manager for TGI Friday's.

Market obviously likes the above (up over 4%), wonder if it's the start of a run up to the results a week Monday?

Going up as I type, 6% so far.

Majestic fizzing along
MoneyAM
Majestic Wine said pretax profit for the 53 weeks to April 2nd increased 14.1% to 16.2m.

The company said average spend per transaction increased to 123 from 118 the previous year, while the average bottle of wine purchased is now 5.75, up from 5.59.

The retailer with 136 stores in the UK and a handful in French cross-channel ports said it has made good progress in increasing the rate of its store-opening programme, with eight new stores opened during the financial year and three re-sites. A further site has opened since the year end.

It added the number of orders placed on its website continues to show significant growth, up 35% in the year and now accounting for 7.2% of UK retail sales.

The French Wine and Beer World operations continued to struggle, with like-for-like sales down 5.2%. However, declines slowed in the second half and the group added that since the year end it has seen a modest sales increase.

The wine warehouse chain said it has seen a good start to the financial year, with UK like-for-like sales up 4.9% in the first eleven weeks to June 18th.

It increased its total dividend 21.4% to 8.5p.

Having had a quick scan of the results the only slight fly in the ointment seems to be in the French operation, otherwise onwards and upwards.

Huge volume traded on these yesterday (mainly due to three big ones at 10am).

Another two just gone through at about 500,000 each......something cooking I bet.

I think MJW goes ex-divi very soon, so may be just dividend hunters.

Hadn't thought of that Harry, they go Ex.divi on the 10th July.

Nevertheless, I still think MJW is a very solid company & I have traded in & out for quite a few years. Shame that they have possibly overreached themselves in France, but their U.K. operation seems to be very steady.
I do think, however, that they are going to have to diversify at some point, otherwise there is going to be very limited growth. Lets hope the new marketing chap earns his salary!

a magnam of 13% 'frontera' chilean merlot for under 5 at tesco.

http://www.tesco.com/winestore/controller.aspx?Bc=60459+5512&Bc2=60459%7cMerlot*5512%7cChile&R=12381066

tesco given the chance will beat the shit out of any retailer, they got the outlets and the buying power.

"the average bottle of wine purchased is now 5.75, up from 5.59." ...so as you can see price is not the only consideration with some of the wine buying public.

Also you can spend a rediculous amount of time getting in and out of some of these supermarkets....and all for one item!

i always eat and drink in the aisles ,it saves the queueing

...So the rumours are true -):

Majestic fizzes ahead

MoneyAM

Majestic Wine said H1 pretax profit was up 16.7% to £7.5m despite an early-summer slow down.

The wine retailer said trading strengthened from the beginning of August as customers responded to additional promotional activity. UK like for like sales for the eight weeks from July 31st to the end of the half grew 6.4%, it said.

Majestic said the like-for-like sales for the four weeks to October 29th were up 2.2%. It added it expects the trading environment to continue to be challenging but said it is well prepared for the important Christmas trading period.

It declared an interim dividend of 2.8p, up 22% on the previous year.

Only had a quick look at the full results but relieved that there doesn't seem to any glaringly bad things in there.