Mcbride Share Discussion Threads

[warranty] 05/9/2019 09:30

Don’t think just setting a price target to buy out is a particularly smart way to invest personally, there are reasons for the fall and those reasons could just as easily take to 5p from 50p. Until this company sorts its problems it’s surely not worth any investment yet?

[escapetohome] 05/9/2019 08:37

escapetohome - 22 Feb 2019 - 23:22:02 - 378 of 413 McBride Broker targets>Ј3 - MCB
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 “â€ᦙ3;investment “â€ᦙ3; strategy.

[escapetohome] 05/9/2019 08:24

Well what do you know?

It did indeed reach my 50p target.

Amazing!
,

[nick rubens] 05/8/2019 13:00

I remember buying this on flotation when I was so much younger. Sold for an early profit. So sad to see todays market value at around a third of what it was back then. However dividends along the way will have softened the blow somewhat.

Market seems to be very concerned here. Has the debt liabilty been growing over the years?

[escapetohome] 18/7/2019 07:33

Yup very interesting.

That sort of thing didnt help carclo though, but might do the trick here.

[marksp2011] 18/7/2019 06:53

Interesting to see the new Shareholder
Jeffrey A. Strong
Founder of Gilead Capital and a Special Sits guru

This is either going private or is going to get sold

[creditcrunchies] 18/7/2019 01:11

this is how amateur this company actually is they cannot even be bothered with their website it has not been updated for about 9 years by the looks of it. The board what the hell are they actually doing? Their CEO isn't even being replaced that position is being covered by the finance officer from what I can see, he will not have a clue on how to run operations except from costs on a spread sheet meaning nothing will change it'll just get worse.



Now click on the brands and the contact us links. I think only one link works! This is what all of their suppliers, customers will see and think you know what we'll go somewhere else.

[escapetohome] 17/7/2019 21:41

One more profit warning and thisll be at 50p or less.

Get a grip mcb.

[escapetohome] 15/7/2019 22:29

Glad i gave it a wide birth, and just put it under observation.
I resolutely stuck to my 50p target.

And drip by drip it is getting closer, just 15 p away.

[creditcrunchies] 15/7/2019 22:17

you should go on their website and work out what this company actually sells it's a total mess full of broken links then you get an idea of how it's being run. How you can screw up selling essential consumer defensive domestic kitchen products right across the whole of Europe is some mean feat. No wonder the CEO has been shown the door

[essentialinvestor] 11/7/2019 10:48

Net debt is increasing while trading is weakening.
It may be a buy if you consider a bid likely.
That's a highly speculative reason to buy a share though,, sometimes it pays off.
Otherwise, it looks a tad grim to me, just imv.

[escapetohome] 11/7/2019 09:12

Could be worth a punt at these levels, on my watchlist. Net debt over 100 m.

[escapetohome] 11/7/2019 09:02

22 Feb 2019 escapetohome

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.
marksp201125 Feb '19 - 01:04 - 379 of 401
0 0 0

[escapetohome] 11/7/2019 08:57

Oh dear , well we certainly getting closer to my target.

And as for my warning profit warning comes in 3s - spot on.

Seems some didnt appreciate me telling them somon this bb.

[creditcrunchies] 11/7/2019 08:44

this could be a good punt on a turnaround but they need to find somebody to do just that, these RNSs just lack direction the market wants to know what they are going to do about it. Just lack of detail here except flat revenues and increase in debt position. I've picked up a few here at the plunge low today but they need a bit of share holder pressure to jig them on a bit. It's a bit like their website it needs revamping that is the first port of call for any potential customer or investor.

[escapetohome] 24/6/2019 08:20

Seems like my comments earlier on were bang on.

Gone much lower than in february, but not 50 p yet.

Could be worth a punt at these levels.

[marksp2011] 03/6/2019 09:38

Expect some fireworks here. teleios are deeply underwater with their 28% holding and I expect they will be looking for a way out hence their direct involvement in the company

[creditcrunchies] 18/5/2019 10:45

This is worth noting about the impact of Brexit. It looks like the group has separate operations for UK customers and EU customers with limited cross border trade.

Brexit



McBride remains concerned by the continuing lack of progress towards clarity on the various implications for our business activities which may arise from the UK's withdrawal from the EU (Brexit).



For McBride, the key immediate challenges in the short-term from a potential No Deal Brexit on 29 March 2019 have been identified as follows;

• Cross-border trading - potential additional costs on imported raw materials and finished goods from customs tariffs and the additional associated administration;
• Cross-border trading - delays at ports from border control processes and cross border transport availability;
• Regulatory - concerns regarding uncertain and varying regulatory requirements between the UK and EU
• Employment/citizens' rights -impact on employee rights and practical implications of travel going forward
• Financial - impact of adverse movements in FX, interest rates, inflationary costs

The UK represents circa 30% of Group revenues and for most product ranges McBride produces in the UK for UK customers and there is a very minimal level of exports from the UK factories for our EU customers. There are certain specific product ranges imported to the UK from the EU that would be impacted with cross-border movement and the Group is making limited contingency arrangements.

We are active in monitoring the implications for possible regulation changes, especially around chemicals and finished product classifications but aside from various registrations, there is little to implement at this stage.

We continue to communicate and engage with our UK based EU colleagues to advise and support any concerns and queries they have about their UK status in the future.

The Group has continued its financial hedging policy consistently through the past 12 months and has taken no specific additional actions for hedging FX or interest rate risk in a no deal scenario.

The cross-functional Brexit Task Force has transitioned from actively monitoring developments to the implementation of contingency planning to mitigate the potential impact of the above risks where there is minimal incremental cost to the business.

[creditcrunchies] 16/5/2019 08:05

These are out of favour because of the Brexit effect their manufacturing / sales are spread across Europe, their manufacturing in Europe and UK with sizeable operations in France, Italy, Spain, Belgium, Poland. They're pretty solid otherwise.

[essentialinvestor] 15/5/2019 23:25

I was kicking myself for not buying a few back in Feb,
we had a 20% upside move, for those lucky enough to time it.
Right back down to the Feb lows now.
CEO leaving and a weaker trading update, I suppose if someone
does want to bid, around now might be a good time - unless trading deteriorates
further.

[nick rubens] 15/5/2019 19:22

Any long term holders here and what your thoughts are on the future? Is Mcbride just on a temporary hiccup or is their material financial trouble ahead? Cheers NR

[marksp2011] 03/5/2019 10:28

I don't think losing de Voss is an issue. I will write to the NED again. I would have fired him after the trading update the day before the results. No excuse for that

[marksp2011] 03/5/2019 10:24

If you fail to supply the product sales do tend to fall?

[nick rubens] 03/5/2019 08:43

Looks like earnings are going to be lower than prior warning, but CEO leaving as earnings dwindle away is additional concern.