Results

Majestic Wine – Christmas Trading Statement sales numbers appear promising, but are they?

Published 9 days ago

“Christmas Trading Statement” from Majestic Wine (WINE) notes an underlying sales increase of 12.4% for the 10 weeks ending 2nd January. Sounds promising…

Majestic Wine – review of a far from majestic “Trading Update”

Published 121 days ago

Specialist wine seller Majestic (WINE) has announced, despite its retail operations “trading on track”, Naked Wines UK and Australia performing “on plan” and “a return to growth for Lay & Wheeler”, that “EBIT for the current financial year ending 3 April 2017 is expected to fall below current market expectations”. Uh-oh…

Conviviality - Final results do little to dispel sense of risk

Published 185 days ago

Shares in Conviviality (CVR) are up by over 10% to nearly 200p today, although they are still somewhat lower than when I covered the company in May. The final results published this morning suggest that investors should continue to be very cautious about making an investment here

Conviviality – Plenty of Fizz but Will it Satisfy Investors?

Published 242 days ago

The expanding alcohol retailer and wholesaler Conviviality (CVR) provided the market with a double-barrelled update on Friday, announcing the completion of an acquisition and a trading update. It’s been non-stop growth and change at CVR in recent times. This leaves investors with plenty to think about as they sip on their discount booze.

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