Ian Pollard: Aveva In Either A Profit Or Loss Situation – You Choose

Aveva Group AVV There are now so many ways of calculating profits that the figures have become almost meaningless and companies have the freedom to chose between  profit before tax, on a diluted, adjusted, normal or  statutory basis and the difference between these four can be and often are enormous. Companies can elect the headline […]

Ian Pollard – Majestic Wine Celebrates With a 33.3% Dividend Hike

Majestic Wine plc WINE Moved into profit in the half year to the 2nd October and the interim dividend is to be increased by 33.3% to 2p. The Chief Executive says he is now ready step on the gas and accelerate growth with a team which has worked like demons and made him “dead proud” […]

Majestic Wine Reaps The Rewards

Majestic Wine  WINE claims it is reaping the rewards of its transformation plan with second half profits up by 51%  and the restoration of a final dividend being proposed with a payment of 3.6% compared to zero last year. Both operationally and financially it claims it is past the tipping point but the figures still […]

Majestic Wine -Testing Before Learning

Majestic Wine WINE  appears to have been so mismanaged that it has been forced to issue an update, warning that it will not even achieve its modest target of 1% sales growth for the current year. EBIT for the year to 3rd April 2017 will be £2m.less than market expectations as a result of the […]

Not So Majestic Wine

Majestic Wine WINE claims a 74.5 % fall in profits made 2015 a good year with encouraging progress. If you prefer your profits on an adjusted basis to make them look better, the fall of 30% to £15m is still fairly serious.  Basic earnings per share for the year to 28th March fell from 20.5p […]

Naked Wine on Cloud Nine

The CEO of Majestic Wine (WINE) is very excited about Naked Wines record sales of £100 m., already achieved in the year to 31st March 2016. For those who like their wine clothed and in a glass, Naked Wine is an online crowd funding platform and apparantly one of the best things since sliced bread. […]

Has Majestic Wine (MJW) Lost its Bottle ?

It is amazing how CEOs and company directors prefer to make themselves look stupid, rather than admit to serious management errors which could reflect on their competence and suitability and in some cases the competence of their directors. MJW must have thought long and hard to try and shift the blame for the results of […]