Naked Wines (WINE)

Sector:

Retailers

Index:

FTSE AIM 50

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

Majestic Wine considers sale of retail business

By Sean Farrell

Date: Tuesday 21 May 2019

LONDON (ShareCast) - (Sharecast News) - Majestic Wine said on Tuesday that it is considering the sale of its retail business as the wine merchant rebrands as Naked Wines.
Responding to press reports, Majestic said it had received several expressions of interest in its retail and commercial operation. A sale of the business is one of the options being pursued, it added.

Majestic said: "The group continues to review all options and there remains no certainty that the sale of Majestic retail will proceed nor as to the terms upon which any disposal would take place."

A sale would mark a break from the past for Majestic, which started selling wine by the case from a warehouse in North London in 1980 and grew to become Britain's biggest independent wine retailer. The company has more than 200 stores, including two in France.

After a run of disappointing results, Majestic bought Naked Wines in 2015 and installed its boss, Rowan Gormley, as its chief executive. Gormley set about improving stores and computer systems but in March he surprised analysts by announcing plans to rebrand the company as Naked Wines, close stores and sell assets.

In April Sky News reported that Majestic had appointed investment bankers to look for potential buyers for the retail and commercial business and that private equity firms were being sounded out.

Majestic shares rose 3.1% to 274.2p at 1015 BST.



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Naked Wines Market Data

Currency UK Pounds
Share Price 259.50p
Change Today -3.50p
% Change -1.33 %
52 Week High 420.50
52 Week Low 219.00
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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