Mcbride Share Discussion Threads

[imastu pidgitaswell] 22/10/2020 15:00

The intern charged with selling must be taking an afternoon nap. He'll be for the high jump. Quickly stamped on.

[imastu pidgitaswell] 21/10/2020 11:44

Looks like they have simply taken Gilead's plus some more.

[elsa7878] 21/10/2020 11:42

Well new shareholder with 16.8% thinks otherwise. Not much info on there fund so no idea how big it is or how successful....

[imastu pidgitaswell] 20/10/2020 11:26

Finally, the lowdown on the pay-off(s) - best that could be expected from our (shareholders') perspective: hTTps://www.mcbride.co.uk/media/es2hkxho/mcb_ar20_web_v1.pdf Page 72: Rik De Vos, the outgoing Chief Executive Officer, resigned as a Director with effect from 19 July 2019 and left the business on 31 August 2019. He was not treated as a ‘good leaver’ and no payments for loss of office were made to him. Details of the remuneration applying to him whilst a Director during the year and on departure are included in the Annual Report on Remuneration. Ludwig de Mot joined the Group and the Board as CEO on 1 November 2019 and stepped down and left the Group on 10 June 2020. He was not treated as a ‘good leaver’ and no payments for loss of office were made to him. Details of the remuneration applying to him whilst a Director during the year and on departure are included in the Annual Report on Remuneration. Numbers on page 87. Or page 94 (sounds a bit Private Eye...): Exit payments (audited) On termination of an Executive Director’s service contract, the Committee will seek to provide the minimum compensation applicable to the individual’s employment contract and will normally be limited to base salary, benefit and pension elements. Dependent upon the termination circumstances, and subject to the Committee’s discretion, a Director’s performance-related remuneration element may also be included (subject to the achievement of the relevant performance conditions and time pro-rating). As previously reported, on 2 May 2019, Rik De Vos, the outgoing Chief Executive Officer, resigned from the Company, with the Committee determining that it would not exercise any discretion in relation to any bonus or LTIP awards and, accordingly, any entitlements lapsed on his resignation as a Director of the Company other than his awards under the DBP which lapsed on 31 August 2019 when he ceased to be an employee. Ludwig de Mot, who was appointed as CEO on 1 November 2019, left the Group on 10 June 2020, with the Committee determining that it would not exercise any discretion in relation to any bonus or LTIP awards (including his buy-out award) and, accordingly, any entitlements lapsed on 10 June 2020. So a complete waste of 8 months (and however long Rik De Vos was hanging around while not doing much), but (hopefully) no long term damage, and at minimum cost. Onwards.

[jurgenklopp] 20/10/2020 11:16

When even PZ Cussons considerably outperform you then there is little or no hope for a decent share price upside !!! :-)

[apollocreed1] 20/10/2020 10:38

They never fail to disappoint. I've been in and out of these shares for the last 15 years. EPS down 44% on the year, Revenue down 2% (I was expecting a large jump in revenue just like PZ Cussons and Reckitt Benckiser who have been "cleaning up" with their soap sales)

[imastu pidgitaswell] 16/10/2020 09:01

Yes, 12% down to 1%. Boy, that has taken some time. Marooned at 60p, apart from the odd attempt to break out that was quickly stamped on, since April. Could finally get interesting.

[creditcrunchies] 15/10/2020 22:52

I think a lot of patience like a fine wine on the wine rack, you forget about it then wipe the dust off and find it's gone up in value

[nick rubens] 16/9/2020 12:30

It's drifting away as I expected after the finals results were announced and with a big dividend cut. Unless a surprise bid comes or an unexpected piece of amazing corporate news, then I can't see why the market would be interested here unfortunately.

[tole] 10/9/2020 12:42

https://www.edisongroup.com/publication/another-reboot/27707

[imastu pidgitaswell] 09/9/2020 15:13

As usual, ebbing away. I think it would be helpful to see the directors buy some here - the introduction from the (American) non-exec chairman yesterday sounded very much like he was going through the motions; maybe it was 4am where he was or similar. I'm sure from his fees he would be able to show some commitment? New strategy (which they have spent £1m+ of shareholder money on and signed off), no longer a closed period, demonstrate some faith? re the net debt, a significant part of the year-end reduction was one-time effects, including payables higher than normal after restocking (bills that have been paid since) and also tax deferments - Sunak's various schemes taken advantage of. It is very cash generative, and heading in the right direction, but they are not reducing debt at the rate of £30m+ a year on an ongoing basis.

[essentialinvestor] 09/9/2020 09:46

If they can keep reducing net debt this starts to look more interesting.

[imastu pidgitaswell] 09/9/2020 09:39

Yes, cross between a predator and pterodactyl. (now corrected) :-)

[ladywormer] 09/9/2020 09:30

predactor Ima?

[imastu pidgitaswell] 08/9/2020 09:55

Yes done it before on these myself, earlier in the year. There does seem to be a desire to stamp on any progress - probably the two big holders selling per the recent RNSs. Difficult to progress against that, so you may well get the 60p again - I would be surprised if they go below that. But never say never... hTTps://edge.media-server.com/mmc/p/2zw74akq hTTps://www.mcbride.co.uk/media/kp5bodau/results_presentation_mcbride_ar20.pdf

[nick rubens] 08/9/2020 09:51

The tricky part is will I get back in? Have sold stock before and missed out longer term. Holding is likely the safest option but I may get lucky and in these difficult investing times, every little helps.

[imastu pidgitaswell] 08/9/2020 09:38

Indeed - well done the boys, bringing this one back down. I haven't sold any (should have done) as for once I thought the market might back an obviously good story. Should have known better...

[nick rubens] 08/9/2020 09:33

I've temporarily sold this AM (assuming I can get a lower entry point later). I think results are good but the market doesn't seem to like boring and limping along stocks, despite the great value here IMO. Still think longer term this could do ok and it seems quite safe as the share price is already low.

[imastu pidgitaswell] 08/9/2020 08:12

Yes, fair point, was thinking about the net debt reduction and the cash generated from everything (further down the statement). Sorry, reading your comment too quickly (can't multi-task...)

[elsa7878] 08/9/2020 08:11

Operating cashflow 48.8m from 46m. Working capital changes are a different element but the headline figure shows the cash generation.