Mcbride Share Discussion Threads

[wellbutpoor] 03/9/2009 23:06

Expecting a slight pull back before knocking on the door of 180p

With these results, MCB will now be back on the radar for medium to long term investors

A nice slow burn back up to a more realistic valuation will be seen from these levels imo

All in all, a jolly good performance

wbp


Edit> 09/09 breakout from trading channel confirmed - 200p next stop.

[leopold555] 03/9/2009 09:41

I think the new resistance level is 160 for the time being. Should not be long before that is broken though looking at the balance sheet. These fundamentals are really good at anytime let alone a recession.

[shazzieb] 03/9/2009 09:27

hello????????? anyone there???????????

[shazzieb] 03/9/2009 08:55

You are not alone leo:-)

Well done sham.

I am looking for 165 today but it's so slow don't think it will get there

[leopold555] 03/9/2009 08:42

L2
3 v 1

Looking very good

[leopold555] 03/9/2009 08:39

24th June
"KBC Peel Hunt analyst Charles Hall, raising his share price target to 175 pence from 150 pence and keeping a "buy" rating on the stock."

Still a BUY and I think this could now be rerated

[leopold555] 03/9/2009 08:27

Well done shammytime no shame in taking profits ;-) I am sticking to my target of 171 on this baby.

L2
3 v 1 very strong

[shammytime] 03/9/2009 08:26

Hi Leo

I've been umming all morning but decided to sell. My initial limit was 160 so have decided to be disciplined and stick. Brilliant company, excellent set of numbers this morning. Good luck to you

[leopold555] 03/9/2009 08:24

Going well this morning. I feel like I am all alone on here this morning :-/

[leopold555] 03/9/2009 07:18

"earnings per share* was up 49% to 12.8 pence (2008: 8.6p). "

EXCELLECT!!

[leopold555] 03/9/2009 07:16

RNS Number : 4402Y
McBride PLC
03 September 2009



3 September 2009




McBride plc




McBride plc, Europe's leading provider of Private Label Household and Personal Care products, announces its results for the year ended 30 June 2009




'Return to organic sales growth, recovery in operating margins and return on capital employed, and an increase in the dividend'




Revenue up 13% to £792.4 million (2008: £700.9m) reflecting 4% of organic growth and 9% from currency translation




Adjusted operating profit* increased 34% to £36.2 million (2008: £27.0m). Reported operating profit improved 28% to £27.4 million (2008: £21.4m)




Adjusted operating margin* improved from 3.9% to 4.6%




Proposed final dividend of 4.3 pence (2008: 3.9p). Total for the year up 7% to 6.0 pence (2008: 5.6p)




Strong cash flow, with cash generated from operations, before exceptional items, up 25% to £61.8 million (2008: £49.4m)




Year end net debt reduced £20.9 million to £82.4 million (2008: £103.3m)




Return on capital employed* improved to 17.1% (2008: 12.8%) reflecting both a higher profit margin and asset turnover




Adjusted diluted earnings per share* was up 49% to 12.8 pence (2008: 8.6p). Reported diluted earnings was up 44% to 9.1 pence (2008: 6.3p)




* Adjusted operating profit, adjusted operating margin, adjusted diluted earnings per share and return on capital employed are calculated before amortisation of intangible assets and exceptional items







Miles Roberts, Chief Executive, said:




'McBride has delivered growth in sales and profits in the past year and Private Label has grown share in all our markets. Our Western Continental Europe business has performed particularly well with good growth in France and Italy.




We have made a good start to the new financial year, continuing the trend in the second half of last year. Our markets remain highly competitive but McBride's Private Label products continue to be relevant not only in the current environment but also in the longer term. We have strengthened the business further in the last twelve months and expect to consolidate these improvements in the coming year.'

[wellbutpoor] 02/9/2009 18:48

Looking forward to tomorrow

Loaded up from low 90's and looking to bank 300% over next twelve months

Good luck to all

wbp

[nutsyboy] 02/9/2009 16:59

Let's hope we see 160p+ on opening....

Bought in at 142p.

[shazzieb] 02/9/2009 16:24

Yes, profit takers moving in, as usual got my timing wrong!! Still holding, good luck to all tomorrow.

[leopold555] 02/9/2009 16:23

Bit of profit taking end of day, only to be expected. Should see a good day tomorrow :-)

[shazzieb] 02/9/2009 15:58

Got back in :)

[leopold555] 02/9/2009 15:52

THis is worth much more than 156 are you kidding? The increase in EPS and profits is organic growth of the company. It is also recession proof :-)

I reckon this is worth 170 - 190

Love the business

Leo

[shazzieb] 02/9/2009 15:50

You think it will continue it rise tomorrow or is it priced in now?

[leopold555] 02/9/2009 15:49

Fantastic :-)

[shammytime] 02/9/2009 15:47

Good luck Shaz but can't see it. The outrageously high profit has been leaked!

[shazzieb] 02/9/2009 15:46

Perhaps we will see some profit taking before close then may be able to get back in

[shammytime] 02/9/2009 15:38

IN AUCTION!!!! About to explode here...

[shammytime] 02/9/2009 15:33

Couldn't agree with you more Leo. News is leaking that underlying profits are in the region of £45mill!!!