Proactiveinvestors Australia Majestic Wine PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia Majestic Wine PLC RSS feed en Thu, 18 Jul 2019 02:43:50 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190705070004_14137657/ Fri, 05 Jul 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190705070004_14137657/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190701120755_14131471/ Mon, 01 Jul 2019 21:07:55 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190701120755_14131471/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190621114107_14120133/ Fri, 21 Jun 2019 20:41:07 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190621114107_14120133/ <![CDATA[RNS press release - 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Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190325172609_14014969/ Tue, 26 Mar 2019 04:26:09 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190325172609_14014969/ <![CDATA[RNS press release - Group Transformation Plan ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190325070011_14013395/ Mon, 25 Mar 2019 18:00:11 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190325070011_14013395/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190116070003_13935914/ Wed, 16 Jan 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190116070003_13935914/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190114162954_13934103/ Tue, 15 Jan 2019 03:29:54 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190114162954_13934103/ <![CDATA[RNS press release - Christmas Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190109070001_13928114/ Wed, 09 Jan 2019 18:00:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20190109070001_13928114/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181128140407_13883931/ Thu, 29 Nov 2018 01:04:07 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181128140407_13883931/ <![CDATA[RNS press release - Director/PDMR Shareholding - Amendment ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181127162813_13882466/ Wed, 28 Nov 2018 03:28:13 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181127162813_13882466/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181123132404_13878855/ Sat, 24 Nov 2018 00:24:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181123132404_13878855/ <![CDATA[RNS press release - 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Block listing Interim Review ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181101112255_13851420/ Thu, 01 Nov 2018 22:22:55 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181101112255_13851420/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181101112128_13851415/ Thu, 01 Nov 2018 22:21:28 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181101112128_13851415/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181026163541_13844694/ Sat, 27 Oct 2018 02:35:41 +1100 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20181026163541_13844694/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180927130653_13807375/ Thu, 27 Sep 2018 22:06:53 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180927130653_13807375/ <![CDATA[RNS press release - 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Result of 2018 Annual General Meeting ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180808122325_13748426/ Wed, 08 Aug 2018 21:23:25 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180808122325_13748426/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180807111152_13746631/ Tue, 07 Aug 2018 20:11:52 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180807111152_13746631/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180801092626_13739419/ Wed, 01 Aug 2018 18:26:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180801092626_13739419/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180713115802_13717515/ Fri, 13 Jul 2018 20:58:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180713115802_13717515/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180711180953_13714590/ Thu, 12 Jul 2018 03:09:53 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180711180953_13714590/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180711093842_13713692/ Wed, 11 Jul 2018 18:38:42 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180711093842_13713692/ <![CDATA[RNS press release - Grant of share awards and options ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180710152725_13712662/ Wed, 11 Jul 2018 00:27:25 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180710152725_13712662/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180706135637_13709089/ Fri, 06 Jul 2018 22:56:37 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180706135637_13709089/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180706070004_13707917/ Fri, 06 Jul 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180706070004_13707917/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180629163130_13700166/ Sat, 30 Jun 2018 01:31:30 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180629163130_13700166/ <![CDATA[RNS press release - Full Year Results ]]> https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180614070003_13678991/ Thu, 14 Jun 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/598/LSE20180614070003_13678991/ <![CDATA[News - Liberum ups target for Majestic Wine amid growing exposure and customer growth spending ]]> https://www.proactiveinvestors.com.au/companies/news/198869/liberum-ups-target-for-majestic-wine-amid-growing-exposure-and-customer-growth-spending-198869.html Analysts at Liberum Capital have upped their target price for wine retailer Majestic Wine PLC (LON:WINE) to 535p from 500p, citing a growth is exposure and its plan to boost customer growth spending.

The City broker said the group’s results for the 2018 financial year had confirmed progress had been made as well as being a “significant” surprise “ahead on FCF [free cash flow], EPS [earnings per share] and dividends”.

READ: Majestic Wine swings to profit in full-year results despite “challenging” retail climate

They added: “The group is increasingly well balanced with growing exposure to both online and international markets and we see the acceleration in customer growth spend as sensible capital allocation”.

Analysts also said that the firm’s retail arm has shown it could achieve sustainable growth despite a challenging UK market and some “significant FX and exogenous shocks”.

In its full-year results released on Thursday, Majestic swung to a profit but warned that a “challenging” UK retail market was likely to continue and possibly worsen through next year.

The AIM-listed wine seller reported a pre-tax profit of £8.3mln, up from a £1.5mln loss the year before, while revenues climbed to £476.1mln from £465.4mln previously.

In late-morning trading Thursday, Majestic Wine shares were up 1.7% at 458p.

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Thu, 14 Jun 2018 11:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198869/liberum-ups-target-for-majestic-wine-amid-growing-exposure-and-customer-growth-spending-198869.html
<![CDATA[News - Majestic Wine swings to profit in full-year results despite “challenging” retail climate ]]> https://www.proactiveinvestors.com.au/companies/news/198847/majestic-wine-swings-to-profit-in-full-year-results-despite-challenging-retail-climate-198847.html Majestic Wine PLC (LON:WINE) has swung to a profit in its full-year results but warned that a “challenging” UK retail market was likely to continue and possibly worsen through next year.

The AIM-listed wine seller reported a pre-tax profit of £8.3mln, up from a £1.5mln loss the year before, while revenues climbed to £476.1mln from £465.4mln previously.

READ: Majestic Wine shares jump as it invests in growth plans although earnings will be hit

The group also hiked its final dividend to 5.2p per share from 3.6p last year.

The growth in profit was driven primarily by the company’s Naked Wines division, which saw its adjusted earnings before interest and tax (EBIT) rise 571.2% to £8.7mln while revenues jumped 11.3% to £156.1mln.

In its outlook, Majestic’s chairman Greg Hodder said the short-term UK market remained “tough”, however the company expected to achieve £500mln in sales by 2019 and to meet its expectations for the next financial year.

Rown Gormley, group chief executive, added: “Looking forward, we expect the U.K. market to remain tough, possibly even tougher than last year.  Certainly trading since year end has been harder than the prior year in the UK.  Despite this, we expect to hit FY19 market expectations”.

In April, Majestic announced that it planned to accelerate growth by materially increasing investment in new customer acquisition, though it warned that it might reduce next year’s profits by up to £3mln.

In a note to clients, analysts at Liberum commented that the increased customer acquisition spend was “absolutely the right thing to do from a capital allocation perspective” and that there were now signs that the rate of cash return seen at Naked Wines could be achieved across the whole company.

In early morning trading Thursday, Majestic Wine shares were down 0.1% at 449.5p.

--Adds broker comment and share price-- 

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Thu, 14 Jun 2018 07:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198847/majestic-wine-swings-to-profit-in-full-year-results-despite-challenging-retail-climate-198847.html
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