Mcbride Share Discussion Threads

[knowing] 25/2/2019 15:09

Well at this valuation I am happy to hold and accumulate. Still say that the drop was over engineered.

[marksp2011] 25/2/2019 01:04

Escape

Nope, i don't follow. You buy without regard to the valuation? You are a momentum investor?

You don't like people who have been to Public School? I am struggling to identify an investment strategy here.

If you wait in your price.... give me a clue on how you have decided what that might be? Why chose 50p?
or 30p ? or any other number but without considering the valuation.

I am intrigued

[escapetohome] 22/2/2019 23:22

Supply and demand of shares is my angle.

I dont take into account so much reduction in earnings should equal such and such a reduction in share price . I dont belive in that. That is for public schoolboys, and believers of stories.


If there is no demand the market makers will take it to where supply matches demand.

Yes even 50p, if theres another warning.

Profit warnings come in 3s.


I hope youcan see my view, and how i make money.

I do not rush in .

I wait for my price.

I hope you grow a pair.

Good luck with your “”investment “” strategy.

[escapetohome] 22/2/2019 23:08

It depends what your strategy is.

It was just an opinion on the price.

If your upset or bored by that, thats not my problem.

The filter button is there.

Why did you read my post?

Because I make money?

[knowing] 22/2/2019 16:27

Maybe a chance to get some more a tad lower now

[knowing] 22/2/2019 14:14

EI early days especially if Hambro and others continue buying.

[essentialinvestor] 22/2/2019 12:32

FFS, perhaps should have not hesitated yesterday.


The market cap look high?, In what context..

Otherwise it's like saying... this piece of string looks long.
It adds nothing.

[knowing] 22/2/2019 11:35

So Hambro are buying

[knowing] 22/2/2019 10:03

Well they always say buy on day 3 after the drop. Mark there are always muppets trying to get in cheaper but it's a good sign as they want to invest.

[marksp2011] 22/2/2019 07:16

escape

TBH, I don't care about this share but I am really bored with muppets who troll thread after thread with inane negative comments contributing nothing but simply trying to upset people or look clever

If a 10% reduction in half year is worth a 30% fall in price then OK. It will come back I expect the freight market is really tight at the moment

[essentialinvestor] 21/2/2019 21:37

Thanks Mark, was unaware of that.

[marksp2011] 21/2/2019 20:07

EI

they already have one Hedgie with just below 30% - i can see it going with a bid of 130

[knowing] 21/2/2019 15:59

Brexit is effecting everything

[ed 123] 21/2/2019 15:58

Thanks for that, EI. :-) I've had a read of the IC article. It's fair comment. The question is, in the light of the update, at the current shareprice is McBride a buy or sell or hold? It's a judgement call. Only time will tell.

[essentialinvestor] 21/2/2019 15:05

IC have just slapped a Sell rec on MCB, possibly a decent contra indicator.

[ed 123] 21/2/2019 14:59

Debt didn't reduce more because they paid out £8.8 million in capital expenditure in the first half, investment to improve business performance.

First half finance cost of £2.3 million from an operating profit of £15.6 million. I don't see a debt problem. Ok, trading might go worse, but it might improve next year too. We can't see into the future.

[essentialinvestor] 21/2/2019 13:53

Ed, the disposal raised 12.5 Million from memory,
so strip that out and the reduction in debt is around 2 Million.

If, and it is an if, trading were to weaken, does that leave
debt looking on the high side? Imv yes.

[knowing] 21/2/2019 13:04

Can't see why this cannot move back towards £1.20

[ed 123] 21/2/2019 13:02

Pugugly and EI.

Your comments on debt are at odds with statements in today's interim report.

Italics quotes below are from today's interims.

Net debt at the half year decreased significantly to £98.0 million (30 June 2018: £114.3m) due to strong cash generation from trading and disposal proceeds in the period. .....

The Group's balance sheet remains robust with net assets of £70.6 million (30 June 2018: £67.6m). Gearing declined to 55% (30 June 2018: 71%) with the debt cover ratio strengthening to 1.8x (30 June 2018: 2.1x).

[essentialinvestor] 21/2/2019 12:35

PUG, net debt is what put me off. Had been keeping a watch on it.


No BOD buys even at these levels.

[marksp2011] 21/2/2019 12:30

LOL............. shows how a badly wordrd announcement can cause trouble

[knowing] 21/2/2019 11:26

Brokers:

Peel downgraded yesterday on the back of the TS. Today they have upgraded to Buy

[knowing] 21/2/2019 09:12

Looks like the fall yesterday was overdone

[marksp2011] 21/2/2019 07:14

OK read the results. yes there is cost pressure but cash is doing well and they are pushing through some price increases.

Fall yesterday was overcooked probably because the cost pressures weren't countered with the "price increases" bit

careless wording costs lives