Naked Wines (WINE)

Sector:

Retailers

Index:

FTSE AIM All-Share

219.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 318.00
  • 52 Week Low: 213.00
  • Currency: UK Pounds
  • Shares Issued: 72.87m
  • Volume: 217,919
  • Market Cap: £159.59m

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 219.00p
Change Today 3.00p
% Change 1.39 %
52 Week High 318.00
52 Week Low 213.00
Volume 217,919
Shares Issued 72.87m
Market Cap £159.59m

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
70.89% below the market average70.89% below the market average70.89% below the market average70.89% below the market average70.89% below the market average
77.36% below the sector average77.36% below the sector average77.36% below the sector average77.36% below the sector average77.36% below the sector average
Income Not Available
Growth
51.7% below the market average51.7% below the market average51.7% below the market average51.7% below the market average51.7% below the market average
1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 4
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
  Special Interim
Ex-Div 24-Dec-19 29-Nov-18
Paid 15-Jan-20 21-Dec-18
Amount 5.20p 2.00p

Trades for 24-Jan-2020

Time Volume / Share Price
16:35 4,162 @ 219.00p
16:29 1,459 @ 219.50p
16:29 657 @ 219.50p
16:29 2 @ 220.00p
16:28 85 @ 220.00p

Naked Wines Key Personnel

CFO James Crawford
Chair John Walden
CEO Nicholas Devlin

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