Naked Wines (WINE)

Sector:

Retailers

Index:

FTSE AIM 50

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259.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 420.50p
  • 52 Week Low: 219.00p
  • Currency: UK Pounds
  • Shares Issued: 72.51m
  • Volume: 44,851
  • Market Cap: £188.15m
  • Beta: 0.01

Majestic Wine said to explore sale of UK retail and commercial operations

By Michele Maatouk

Date: Tuesday 23 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Majestic Wine was said on Tuesday to be exploring a sale of its entire UK retail portfolio as it shifts its focus to the online business, Naked Wines.
According to Sky News, the company has appointed bankers at Rothschild to look for potential buyers for its retail and commercial operations. Sky cited City sources as saying that private equity firms have been contacted in the last fortnight to gauge their appetite for a potential acquisition.

Back in March, Majestic said it was rebranding under the name Naked Wines as part of a plan to focus on its online business and release capital from its retail and commercial arms.

The company said at the time that it was planning to accelerate new customer investment in Naked by an additional £6m a year to £26m in FY20, funded by asset sales and store closures.

It pointed out that since its acquisition of Naked in April 2015, the business has more than doubled in size, with sales expected to exceed £175m this year. It also highlighted the fact online sales now account for 45% of revenues, while the international segment accounts for 20%.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Naked Wines Market Data

Currency UK Pounds
Share Price 259.50p
Change Today -3.50p
% Change -1.33 %
52 Week High 420.50p
52 Week Low 219.00p
Volume 44,851
Shares Issued 72.51m
Market Cap £188.15m
Beta 0.01

Naked Wines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
47.93% below the market average47.93% below the market average47.93% below the market average47.93% below the market average47.93% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Income Not Available
Growth
52.24% below the market average52.24% below the market average52.24% below the market average52.24% below the market average52.24% below the market average
1.82% below the sector average1.82% below the sector average1.82% below the sector average1.82% below the sector average1.82% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Naked Wines Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Nov-18 21-Jun-18
Paid 21-Dec-18 15-Aug-18
Amount 2.00p 5.20p

Trades for 23-Aug-2019

Time Volume / Share Price
16:35 667 @ 259.50p
16:29 2 @ 258.50p
16:29 108 @ 258.50p
16:29 11,303 @ 263.66p
16:29 4 @ 260.00p

Naked Wines Key Personnel

CEO Rowan Gormley
CFO James Crawford

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