||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
|Mccolls Daily Update: Mccoll's Retail is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker MCLS. The last closing price for Mccolls was 185p.|
Mccoll's Retail has a 4 week average price of 185.34p and a 12 week average price of 181.61p.
The 1 year high share price is 200p while the 1 year low share price is currently 126p.
There are currently 104,712,042 shares in issue and the average daily traded volume is 677,985 shares. The market capitalisation of Mccoll's Retail is £193,717,277.70.
|aleman: SHare price is looking very perky of late. News coming?|
|cwa1: Morning All
Steady as she goes share price wise. Long may it continue.|
|loganair: IC - McColl's is still under the squeeze from price deflation.
Unfortunately, the overall downward trend in the growth rate has continued into the new financial year. Like-for-like sales fell 1.8 per cent during the first 13 weeks of 2016, although total revenue rose thanks to acquisitions and new openings, with the company on target to reach 1,000 stores by the end of 2016.
Things could have been worse, though. McColl's share price has fallen by a quarter since its IPO, but analysts at Numis point out the food retail index fell 37 per cent over the same period. The broker expects pre-tax profit of £20.5m for the 2016 financial year, giving EPS of 15.6p, compared with £21.7m and 16.5p in FY2015.
McColl's shares are well down on their float price, but consistency and generosity with shareholder returns has left the stock with one of the most attractive looking dividend yields in the sector. The cheap forward PE ratio of just nine isn't a huge indicator of quality, but we're staying in for the income. Hold.|
|minsky: I don't know what is going to drive the share price between now and the half year results July 26th. My guess is range-bound between low 160s and high 170s.|
With around half of its estate being made up of convenience stores, McColl's (LSE: MCLS) seems to be well positioned to benefit from continued growth in the segment. That's evidenced by earnings growth forecasts for the current year and for next year, when McColl's is expected to increase its bottom line by 7% and 8% respectively, which is slightly ahead of the wider market's forecast growth rate.
Despite this, McColl's trades on a very low valuation.
For example, it has a P/E ratio of just 9.8 and this highlights just how much scope there is for an upward adjustment to its rating. Furthermore, a dividend yield of 6.2% is not only hugely impressive, but is well-covered by profit at 1.7 times and, with dividends per share forecast to rise by 8.3% next year, could be as much as 6.7% in 2016.
So, with a dirt cheap share price, strong earnings growth potential, as well as a top notch yield, McColl's could prove to be a stock worth holding in 2015.
Mccolls share price data is direct from the London Stock Exchange