Results a week off now ,,, they have allways been cautious , they might surprise |
Interesting Potty, thanks for that. Demand has been pretty relentless, I wouldn't rule out a bid tbh, any dips just get taken out. |
MarketScreener chart also has 157p as a line of major resistance. Not sure why. |
 ref: Henkel sale of its North American retailer brands business to First Quality.
First Quality manufactures paper goods in the US and Canada under license and for retailers own brands. The Henkel acquisition appears to be its first move outside of paper goods.
The purchase appears to have little or no implications for MCB, apart from the possibility that European businesses may also be looking to streamline their European businesses, which may present acquisition opportunities for MCB.
"Henkel is selling its retailer brands business in North America, which includes detergent, fabric finisher and dishwashing categories, as part of its larger portfolio optimization strategy.
The consumer goods company signed an agreement to sell the business to an affiliate of First Quality Enterprises, a privately owned manufacturer that produces private-label products and is based in Great Neck, New York.
Henkel’s retailer brands business has been identified as non-core activity within its consumer brands business unit, according to a company statement, given the limited ability to leverage synergies across the consumer brands platform and lack of future strategic fit.
Terms of the deal weren’t disclosed."
"GREAT NECK, NY (Feb 7, 2025) — First Quality Enterprises, LLC (“First Quality”) announced today that it has signed a definitive agreement to acquire Henkel’s Retailer Brands business in North America. The acquisition enhances First Quality’s existing store brand product portfolio by adding detergents, fabric finishers and dishwash categories. Additionally, it will result in the creation of a new division, called First Quality Home Care Products, that will operate as a stand-alone business within the First Quality Group of companies.
Jim Dodge, Chief Financial Officer of First Quality Enterprises said, “This is an exciting time at First Quality. Adding detergents, fabric finishers and dishwash categories to our existing portfolio will enable us to offer a greater array of products to our customers and provide them with additional synergies, benefits and innovation. We look forward to partnering with our customers in providing the same high-quality products and services in this category as they have come to expect from First Quality in our existing portfolio. We also look forward to welcoming the dedicated team at Henkel to the First Quality Group and to growing the First Quality Home Care Products division with them.”
The acquisition reflects First Quality’s ongoing commitment to reinvestment in response to growing customer demand for affordable, high-quality store brand products. Last year, the company announced investments across several of their existing product categories, including over $400 million in their baby care division as well as investments to expand their adult incontinence manufacturing capacity by over 25%. Additionally, First Quality announced its commitment to two additional advanced Thru-Air-Dried (TAD) paper machines at a new location to be announced.
The transaction is subject to customary closing conditions, including receipt of required regulatory approvals." |
MarketScreener analyst consensus for MCB eps increased after the trading update 17/01 by about 1p to 20p and again about a week ago by another 1p to about 21p.
Has anybody seen any updates from any of the 3 analysts that cover MCB? |
Suspect the market makers had to turn the buying off at 2pm as no one was selling and that could soared
Likely the buying is coinciding with Henkel recent sale of USA own label business to the quality company a 2 billion usd business
No price was disclosed but no smoke without fire
Lads want to buy more you can see it in the signals problem is there isn’t anything there and suspect Dumac know the buyer and defo American
If this hits 190 amazingly it could get in the ftse250 reshuffle March 6th
Board need to come to the party 25th Feb |
Small selling volumes into the rise would indicate that they don't want to dump into the rise but reduce their exposure and that also helps volumes rise with liquidity, nowt wrong with that and a responsible holder. The lastest dip got bought into in the blink of an eye, you aint getting these on the cheap any more, all imho! |
6 year high yesterday
Dumac is our seller.
Dumac bought about 30.7 million or 16.8% of MCB around 21/10/2020 for about 60p
Dumac held 25.7 million in May 2024 when MCB was around 105p.
Dumac still hold 24.3 million.
So selling into a rising price rather than a fire sale.
Trading volumes have been above normal since the January trading update. |
They are after the dividend which is coming |
Well, there is a serious buyer in the market now consistently picking up blocks amongst the pi's, not obvious but they are there. 150p goes and the next logical step is 175p imho, nai! |
Must be worth £2 easy |
chugging along well still, despite slight sell off in wider market |
so nice to see some solid buying ahead of the 25th Feb....DYO....steady rise will do me...and yes a quid for VANQ would be a nice double header result! |
I'm going middle of the road for £1.80, leave some for the next one! VANQ is £1 easy at least imho!
The Group's interim results will be announced on 25 February 2025.
Should be some decent buying up to that point imho. |
£2 easy for this |
Likewise, been in VANQ since low 40s, long, long way to go IMO....DYOR etc....nice to see this one edge its way back towards £1.50+ as well....GLA |
Nice gripfit, these are my two biggest holdings. |
Yes I’m in Vanq too ,,, only 30000 though |
Very nice Gripfit, a long way to go from here as well. VANQ breaking out as well with a gap to £1, looking like a great day, love a breakout! |
BREAKOUT ….. |
Well that’s the seller gone … for the timed being |
Would love that Chris, just got to break through this 138p with conviction and then its off again. It will happen, patience required! |
Your forecasts are too low. If the broker estimates of 21p earnings are accurate, a PE ratio of 12 would give a value of 252p. In my view, there is a potential upside to fair value from today's 137.5p of 83%.
In today’s IC, MCB is at number 4 in list of 30 Magic Stocks |
£1.50 tomoro?? Before the last TU ,, it was £1.40 ,,, no reason why it can’t hit £1.50 quickly imho |
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