Mcbride Share Discussion Threads

[tole] 27/3/2021 17:30

https://www.fool.co.uk/investing/2021/03/17/2-micro-cap-stocks-to-buy-for-value-and-growth/From the other week.. but good to see Mcbride getting some commentary write upCleaning upThe next stock to buy on my micro-cap wish list is McBride (LSE:MCB). This is Europe's largest maker of own brand household goods. But at a market cap of just under £150m it's not particularly well known to investors. Again, like Alumasc, it's the profitability, stonking value, and growth that's got me excited here.There has been "strong profit performance driven by increased demand for cleaning, dishwash and aerosol products," McBride said in its 2021 half-year report. Pre-tax profits rose 74% to £16.9m. In a post-Covid-19 world I see increased demand for these products in future, too.There will also be a new policy of annual dividends, McBride boss Chris Smith announced in February 2021. These shareholder payouts should be easily affordable, with McBride's dividend cover of 5.3. Dividend cover of less than 1 means a business is paying out more in dividends than it makes in profits.McBride's net debt of £117.6m is an issue, however. I usually buy business that are debt-free. Smith has set strict debt limits for his team to follow, but if these fail there could be a long-term hit to profits.

[red army] 15/3/2021 13:25

Time for next leg up now.

[essentialinvestor] 10/3/2021 21:48

Net debt at approx 80% of the current market cap leaves PE too rudimentary a valuation metric for MCB. May be taken out nonetheless.

[tole] 10/3/2021 21:34

Nice write uphttps://masterinvestor.co.uk/equities/mcbride-is-looking-cheap/I like good steady businesses like McBride. There will always be a demand for its products, as long as it stays aware of its marketplace. It may never set the world alight, but at the current 79.5p its shares do offer some very inexpensive value, trading on 7 times current year earnings, and giving a 2.77% yield. And there is a certain safety in so much as a major ongoing buyer of the group's shares – itself.I now set a target price of 99.5p.

[apollocreed1] 23/2/2021 18:23

I think these results will mean that Reckitt Benckiser tomorrow will also do well.

[creditcrunchies] 23/2/2021 08:49

This will make the shares look even cheaper. Interesting the only drag this time is the UK every other region is strong.

[spooky] 23/2/2021 08:26

Looks like a very interesting story with new management, growing revenues and expanding margins.

[imastu pidgitaswell] 23/2/2021 07:49

Yes, decent. Not been invested since mid 60s, just after the buyback started, as too good opportunities elsewhere. Not regretting the decision, the other stuff has gone well, but it was clear that this business was progressing and was undervalued. The net debt increase is one to be wary of, however. Not a problem, and a primary factor is the buyback (higher debt, lower equity in the current interest rate environment is sensible) but it needs to not go too high.

[bookbroker] 23/2/2021 07:27

Only blot on horizon is inflation creeping in to cost of materials.

[bookbroker] 23/2/2021 07:26

Good results!

[spooky] 10/2/2021 17:54

Where does the current seemingly endless supply of stock come from? Why don't they just approach the company about buying the stock directly?

[elsa7878] 01/2/2021 18:35

Buying half the daily shares traded. A little buying and this could motor.

[elsa7878] 20/1/2021 09:50

The Board continues to monitor the implications for the Group's operations in light of the new trading relationship between the UK and the EU, the final arrangements for which have yet to be concluded. Most product ranges produced in the UK are manufactured for UK customers with a very minimal level of exports to our EU customers. Some product ranges imported to the UK from the EU would be impacted by issues with cross-border movement. The Group has identified contingency plans to be implemented to mitigate these risks. Assume minimal impact then from the port chaos.

[elsa7878] 19/1/2021 13:07

Another 1,034,341 at 86.80 too......

[bookbroker] 19/1/2021 10:30

Excellent, MCB has a nice line of stock to buy back, no time like the present!

[elsa7878] 19/1/2021 10:27

Blimey 1,261,285 offer on the order book at 79.80. Never seem that kind of size before on a small cap stock.

[creditcrunchies] 15/1/2021 17:02

They paid that dividend out but I'm not sure what date it was because it sits in your ISA and SIPP as a cash amount pending then it disappears from the portfolio and it becomes cash in your dealing account. They don't even notify when that happens the date is somewhere in a corporate announcement. The B shares are only applicable if you don't have the shares in an ISA or SIPP. Really weird way of paying dividends TBH

[ianguerin] 14/1/2021 06:23

Per RNS 8 September - "The Board cancelled the interim payment to shareholders of 0.8 pence per ordinary share declared in February 2020 as a result of uncertainty relating to Covid-19. In the light of the Group's earnings for the year and the delay in conclusion of the revised dividend policy going forward, the Board recommends a final payment of 1.1 pence to shareholders. It is intended this will be issued using the Company's B Share scheme on 27(th) November 2020 to shareholders on the register on 23rd October 2020. Elections for cash must be received by 1pm on 13(th) November 2020."

[webbski1949] 13/1/2021 12:08

Whats the chances of a dividend do we think ???

[nick rubens] 10/12/2020 08:20

Looks like they bought a few more yesterday in the buyback. I suppose that because I do think the share price is good value, especially if earnings don't slip away again later then it potentially makes sense to continue the buy back.

[ianguerin] 09/12/2020 20:46

The directors weren't listening!

[apollocreed1] 09/12/2020 10:27

Yeah - I think share buybacks are best when you get your shares at the cheapest price possible.

[nick rubens] 09/12/2020 10:22

Seems like no shares have been bought back since the improved update, letting the market value the company and saving money for dividends ahead hopefully.

[creditcrunchies] 04/12/2020 16:47

there's quite a difference in the trading updates this one is really optimistic the other one was we are meeting expectations. I wonder what changed? It's only been a week or so have they just landed a large order possibly?