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Majestic (LON:MJW) seem to have been chasing sales at the expense of margins over Christmas. For example, through www.winesdirect.co.uk. MJW were offering £20 off a £60 spend, with free delivery, on top of all their existing available offers. This encouraged me to make my first purchase through them for over 5 years, a period throughout which I have found their wine to be more expensive…

Hi Warranstar I give up. You just don't understand the basis for the information on Stockopedia. Regards, Martin

Hi Warranstar You are comparing apples and oranges. The broker forecasts are adjusted numbers whereas the historic numbers are unadjusted. IMHO, both numbers are probably wrong, in that: - the historic numbers, calculated by Stockopedia's data provider, reverse out too many of STAF's adjustments, and, - the forecast numbers, provided by not Stockopedia or their data provider, include adjustments, for share awards, that should not…

WarranstarAIUI, Stockopedia's data supplier takes a far sterner view of some of STAF's costs than does STAF's broker. Whereas STAF focuses on underlying numbers, Stockopedia apply a number of costs that STAF back out of their figures.In particular, as stated in STAF's 2015 results......"* Underlying figures are stated before amortisation of acquired intangible assets, acquisition and exceptional re-organisation costs in A4e and the non-cash charge…

Hi Paul Re CRAW, do you have any concerns that they have provided no information in relation to margins over the last 4 weeks. In LFL sales terms, they have clearly started to move the situation in the right direction but has this been at the cost of a further reduction in gross margin? Obviously impossible to tell currently which makes their RNS far less…



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