Mccoll's Retail Share Discussion Threads

[philanderer] 16/4/2014 21:40

I think we can safely say that MCLS is now officially a dog and was totally overpriced at the flotation. Fair value , gawd knows.

Another 500k ditched today.

Into the bottom drawer with a few others ;-)

[philanderer] 11/4/2014 20:40

To be fair , a safe haven this week, in fact +0.5p on the bid since last friday`s close.

[philanderer] 09/4/2014 12:01

Beaufort Securities

9th april


McColl's Retail Group (LON:MCLS)

McColl's Retail Group released its interim management statement for 19 weeks ended 6th April, 2014. Total sales grew 3% during the period, with like-for-like (LFL) sales up 1.4%. The completion of post IPO debt repayment and refinancing on 4th March led to significant reduction in debt levels and debt servicing costs.

As a result, bank borrowings lowered to £60.9m from £109.9m. The convenience estate development, including store conversions and acquisitions, improvement & expansion of the product range etc., stayed on track. McColl's acquired 10 new premium convenience stores and converted another 93 standard convenience stores into premium convenience stores.

Currently, McColl's has 725 convenience stores in total, which forms 56% of the group's total store base of 1,279. The recently signed agreement with Post Office encompasses conversion of 191 local style post offices in 2014.

Our view: The latest update highlights the progress of the group post its listing on the London Stock Exchange (LSE) on 28th February 2014. An upbeat UK convenience stores market, McColl's' ongoing strategy for the development of convenience estate and lower burden of bank debt, significantly enhance the future revenue and cash-flow generating prospects of the group.

We assign a Buy rating.


Proactiveinvestors.co.uk

[philanderer] 09/4/2014 11:53

Still one hell of an overhang here. Millions still being dumped at 174p

[philanderer] 09/4/2014 09:21

Numis initiates coverage with 'buy' and 220p target

[philanderer] 08/4/2014 20:47

"Parcel collection at heart of McColl's services expansion"

As Planet Retail predicts click & collect will be used by three-quarters of UK consumers by 2017, McColl's COO Martyn Aguss says his business benefits from offering in-store parcel collection points.

Published: 15:59:49 on the 8th Apr 2014

Offering in-store parcel collection and return points has brought new customers into McColl's stores and helped the bricks and mortar retailer benefit from the burgeoning online retail industry, according to the business's chief operating officer Martyn Aguss.

The group, which operates 1,279 shops across the UK, offers CollectPlus's online retail delivery collection terminals in just under half of its stores – and Aguss told Essential Retail that it serves the dual purpose of providing "all important customer service" and generating extra footfall.

On Tuesday, McColl's announced its first trading statement since becoming a publicly-listed business, and the company indicated that it has the potential to acquire 30 new stores while it continues to upgrade its existing estate over the coming months. The convenience retail chain operates 430 post office sites, too, and it plans to complete 191 conversions of these stores during the course of 2014.

As this work is rolled out and new stores are opened, the retailer is also looking to develop its service offering.

"We will obviously look to ensure we get either post office or CollectPlus into any store," Aguss explained.

"Post Office or CollectPlus are key parts of our service expansion where we are growing the store base."

McColl's does not sell goods online, but another way it has aligned itself with eCommerce is through the introduction of Amazon delivery lockers in around 30 of its larger stores. Through this, as well as its post offices and CollectPlus terminals, Aguss says the company has the relevant coverage in terms of parcel-related services.

Commenting on attracting online shoppers into store, the COO added: "If we have Amazon or CollectPlus facility in-store, it is a case of customers identifying with our stores in a way they might not have previously done."

Industry intelligence provider Planet Retail published in-depth research, this week, showing that the number of UK shoppers using click & collect is poised to more than double by 2017.

Currently, 35% of online shoppers in the UK buy online and self-collect, which is significantly higher than other established eCommerce markets such as the US and Germany, but this figure is expected to jump to 76% in the next three years.

Natalie Berg, global research director at Planet Retail, commented: "Click & collect is poised for explosive growth in the UK.

"Shoppers are already accustomed to browsing and transacting on their own terms – choice in fulfilment is the final piece to the puzzle."

Some of the leading grocers in the UK have recently started trialling new collection points for eCommerce orders, with Waitrose and Asda among the businesses allowing customers to pick-up their goods at a number of London Underground stations.

Last year, the UK's largest retailer, Tesco, launched a service where its customers were given an opportunity to collect online orders at schools, libraries and sports centres.

The trial, in York, marked the first time that the business had extended its click & collect service beyond its store network.

Berg added: "Retailers should be readying themselves for this massive shift in shopping behaviour and thinking beyond traditional collection points. Train stations, schools and even shoppers' own cars could be the collection points of the future.

"Retailers must be prepared to forge relationships with some unconventional partners in pursuit of better serving the customer."

Despite the growth in "unconventional" order pick-up points, the traditional retail store is set to remain a key player in the evolution of click & collect. Online orders made at department store chain John Lewis can be picked up at its sister retailer Waitrose's stores, and eBay orders can now be collected at Argos shops across the UK.

McColl's, which this week indicated that like-for-like sales for the 19 weeks to 6 April were up 1.4% year on year, continues to see click & collect as a key customer service offering.

"The key thing for customers is that click & collect allows them to collect and return packages all the hours the store is open, which in most of our convenience stores is a 6am-10pm service," said Aguss.

"It provides significant flexibility to manage their day – in particular around the working day – and they can collect packages when it suits them."

[philanderer] 08/4/2014 13:09

You can say that again !!

Investors slow to react to McColl's good news


McColl's had good news for its investors today with total sales up 3% in its maiden trading update.

But the upbeat dispatch failed to lift the shares past their February debut. It today languished more than 8% below its 191p float price at 175p.

McColl's Retail Group, which comprises newsagents and convenience stores, said comparable sales for the 19-week period to April 6 were up 1.4% and it had reduced debt.

When it listed, it raised £133 million, including £50 million to pay off expensive debt. It said its gross bank borrowings have lessened from £109.9 million to £60.9 million.

James Lancaster, chairman and chief executive officer, said: "We are pleased with how life as a public company has begun. Trading figures remain encouraging and we are making good progress on our strategy to enhance our position in a rapidly growing convenience market."

The chain of 1279 convenience stores and newsagents said its expansion and refurbishment strategy is on track and it is converting more stores to sell a wider selection of food and drink.

The group now has 725 convenience stores, making up 56% of its total number of stores.

The conversions included 11 newsagents which have become Food and Wine stores and it said there was "potential" for another 30 such conversions.

This would be funded by proceeds from an agreement with the Post Office for the conversion of 191 local-style post offices this year.

[philanderer] 08/4/2014 09:07

Well at least a few larger trades at 178p earlier , but I expect we`ll see large dumping later at 175p

[philanderer] 08/4/2014 09:06

Yeah , right :-D


IMS out this morning. ..

James Lancaster, Chairman and Chief Executive Officer commented:

"We are pleased with how life as a public company has begun"

Outlook

The Group has made a good start as a public company, following the successful Initial Public Offering in February 2014. The convenience market fundamentals remain very positive and the Board is confident that the Group's growth strategy in convenience is on-track and that the benefits of the acceleration in development will come through in the near future.

[philanderer] 07/4/2014 20:16

Aren`t we all ;-)

jen ‏@fringe_xo 11h
These guys are waiting for RS McColls to open...same guys. Same.

[philanderer] 07/4/2014 16:52

Plus ca change , no interest, couple of sells and down another 0.5p on the bid

[philanderer] 04/4/2014 14:49

Premier Fund Managers holding 6% as at 24th february - RNS 6 weeks later !

[philanderer] 04/4/2014 13:50

Can buy at 177p at present

[philanderer] 03/4/2014 17:18

Chart looks awful .. another 500,000 sell printed just before the close.

Just who is dumping this many ?

5 weeks now since the IPO and the selling hasn`t stopped.

[philanderer] 03/4/2014 12:57

Main shareholders , and if it`s any of these guys dumping shares an RNS would be in order to indicate thresholds that have been crossed.


Lancaster, Mr James 11,399,500...10.887%
Miller, Mr Jonathan 11,399,500...10.887%
FIL Investment Services Ltd. 10,467,853...10.00%
Premier Fund Mgrs Ltd 6,250,000....5.97%
Cavendish AIM Fund 5,915,300....5.65%
Milton Asset Management 4,950,000....4.73%
Laxey Partners Ltd 3,900,000....3.72%
Henderson Global Investors 3,400,000....3.25%

[philanderer] 03/4/2014 12:25

This should get us moving ;-)

VisitEngland ‏@VisitEngland 1h

"..We're working with McColls/ Martins to offer 2 for 1 on GREAT days out when you spend over £7.50 before 22 April"

[philanderer] 03/4/2014 12:00

1 million shares @ 177p just printed and going by the shareprice someone is still unloading

[philanderer] 02/4/2014 16:54

16:35:22 177.00... 770 UT
15:38:05 176.00... 24 AT Sell
09:42:52 179.50... 2,173 AT Sell

And that`s it for another day.

Who sells 24 of these ???

[malci] 01/4/2014 16:38

Need some strong management otherwise we are going to dribble along forever

[philanderer] 01/4/2014 16:33

And still not found a base yet. Dribble of sales continuing.

Fallen 8% from the 191p ipo price now.

[philanderer] 28/3/2014 17:34

Three trades for a total of 3k and a UT of 80 - completely forgotten :-)

[philanderer] 27/3/2014 23:19

Some news , not brilliant, but news :-O

'Retail group fined over food hygiene offences'

[philanderer] 27/3/2014 08:43

Crazy, a few AT buys at 187.50p to start the day.

Spread = 177.25p - 187p

Trades on both sides with both those numbers

:-D

[philanderer] 26/3/2014 22:32

Relentless drift down , another 150k traded.