Mcbride Share Discussion Threads

[enia] 24/2/2012 09:23

large transaction at 135 !

[farmingrgp] 08/9/2011 21:21

EPS down 75% and the next day Swallowfield (SWL) cosmetics and aerosols EPS up 17%. They are obviously suffering same cost pressures. Does MCB have an explanation?

[rimmy2000] 02/9/2011 16:21

i am short of this in anticipation of poor results.

[wellbutpoor] 01/9/2011 16:03

Enia, don't believe there is another agenda behind this appointment. Rights issue not really needed, although it's been a tough year for manufacturers.

If this takes a nosedive on Tuesday am, get some more bagged!

[enia] 25/8/2011 17:20

panmure gordon for rights issue or takeover in the air ?

[wellbutpoor] 02/8/2011 15:01

Sept 6th could make some quite disappointing reading.

Although it's fair to say that MCB haven't had an easy time recently, there are many cost saving initiatives yet to filter through and under capacity has been successfully addressed with lucrative packing contracts for some of the major branders.

MCB are a sound (albeit under-performing) group, with increasingly fewer competing rivals left in Europe. Going forward, there aren't going to be more than a handful of own label producers left standing who have the scale to capitalise on the growing market share in these products.

With the FY results behind us, I'd be looking to see some medium term gains from the lower levels and would happily set a 12mth target of 200p on this.

WBP

[nigel schofield] 28/7/2011 21:27

High volume today.

[hvs] 10/7/2011 09:16

I so agree with u.

The results will be very disappointing so keep away.

[boonkoh] 10/7/2011 01:20

In such a low margin business, the two headwinds of rising raw materials and squeeze in sales volume and passing on price rises means that McBride has its work cut out.

Saying that though, its a solid business that I'm going to be looking to buy in on further weakness. I've been targeting around 110p-120p for some time now, waiting for it to get to that level.

[nigel schofield] 08/7/2011 08:19

Thank you Enia. The chart doesn't scream 'buy' either. I think I will monitor for a while.

[enia] 08/7/2011 07:45

The last time we looked at McBride, we decided to sell, reasoning that its stock was likely to be pressured by the combination of rising raw materials costs and the ongoing consumer squeeze, particularly in the UK. There was nothing in yesterday's trading update to suggest that input prices had softened, nor was there much encouragement on the retail environment, which the group characterised as "weak". This is hardly surprising, giving activity on the commodity markets and increasing signs of turmoil on the high street. We look forward to the release of its full-year results, which may well prove to be a catalyst for gains. But until then, we think the backdrop remains far too uncertain, according to the Independent, which recommends to sell.

[nigel schofield] 08/7/2011 00:38

Today's drop caused McBride to appear on my watchlist under several value criteria. Anyone got a view if we can fall a bit further?

[wish i wasnt in rbs] 21/12/2010 20:17

More American buying ahead of pre close statement and if you control 10% you'd hope to get the heads up on the statement?

[enia] 20/10/2010 16:33

templeton increased holding to 11.6% !

[wish i wasnt in rbs] 17/9/2010 14:38

Seems to go down am and up pm which suggests US interest?

[wellbutpoor] 15/9/2010 16:57

EI

Thank you, I concur with your view regarding bid speculation. McBride has an increasingly advantageous platform from which to become the Anglo-European leader in it's sector.

Debt is rapidly reducing and it's becoming asset rich through clever aquisitions and JV's.

Any credible takeout price would have to be in excess of 350p to gain the attention of majority holders.

A steady dividend coupled with the probability of some juicy capital growth in the SP, tells me that this one is a definite hold / accumulate.

[essentialinvestor] 15/9/2010 14:07

On a fundamantal basis this is fully valued imv.

However, there is clearly bid speculation,
Private Equity perhaps.

Not one for me, good luck.

[wellbutpoor] 15/9/2010 13:56

Essential Investor

I'm interested in your views on the current share price and three month forecast....

TIA

wbp

[enia] 07/9/2010 16:24

templeton now over 10% !

[jonut] 07/9/2010 12:38

Reported bid rumour,

[salpara111] 03/9/2010 10:07

Decent results..will doubtless now hold its FTSE 250 place.

Value looks decent but is tempered by the usual cautious note about conditions going forward.

I think I will just see how it settles today.

[nellie1973] 02/9/2010 14:04

Broker upgrade

[tom111] 02/9/2010 13:27

No just boughtat 1.52p

[enia] 02/9/2010 13:10

very good results !!! am I the only one left ?