Mcbride Share Discussion Threads

[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?

[creditcrunchies] 04/12/2020 12:55

I prefer shares like this TBH they flat line for months on end paying decent dividends (if you have them in an ISA or SIPP as they convert B shares to cash) then explode north out of the blue.

[nick rubens] 04/12/2020 11:54

Maybe no need for a share buyback anymore as the market takes over and hopefully the company continues to grow once again, and instead concentrate on dividends.

[bantam175] 04/12/2020 10:43

70 achieved, next target 85

[sirrux] 04/12/2020 09:08

And, Paul Scott's back, yaaaay! A little wiser, maybe:)

[2toptrader] 04/12/2020 08:30

The ceo probably took a battering from the shareholders after the last update.

[sirrux] 04/12/2020 08:17

Makes sense to me, maybe I'm just weird.

[gripfit] 04/12/2020 07:55

Good news , but strange given the trading up date from less than 2 weeks ago .... I suspect they wanted them shares at lower prices ...

[creditcrunchies] 23/11/2020 23:28

I see Paul Scott has covered this one tonight. My summary of quite a large assessment made: the positive are the brokers consensus is slowly growing more positive from the beginning of 2020 to now. Not sure why the share price dropped so much when it's meeting expectations on revenue. Probably investors were expecting something more positive in the update.

Key notes: debt, pension deficit, small profit on big revenues, supplying supermarkets not a good sector, potential for a takeover bid possibly. Speculative long possibly.

That's pretty positive compared to some he rips into lol :-)

[scotch broth] 23/11/2020 21:32

I thought this was cheap until I looked at the debt and pensions deficit.On an enterprise value basis it seems about right .

[bookbroker] 23/11/2020 18:31

A stupid remark by the CEO about the valuation, he has somewhat dented his credibility with that one, had better be more careful in future.

[bookbroker] 23/11/2020 15:57

Probably because it is a dreary company with dreary products, and a dreary management.

[spooky] 23/11/2020 10:20

Not sure how the can state that the 'current share price does not reflect the value of the underlying business', and then produce such a dreary, almost downbeat statement.

[imastu pidgitaswell] 23/11/2020 09:19

Should be able but won't be doing so. Just too dull, given post-vaccine options out there.

It's a tough crowd...