Share Name Share Symbol Market Type Share ISIN Share Description
Mcbride Plc LSE:MCB London Ordinary Share GB0005746358 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.15 0.91% 16.70 1,020,163 12:03:24
Bid Price Offer Price High Price Low Price Open Price
16.65 17.15 17.00 16.30 16.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 682.30 11.30 7.50 2.2 31
Last Trade Time Trade Type Trade Size Trade Price Currency
12:27:57 O 4,983 16.40 GBX

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Date Time Title Posts
05/7/202212:37McBride Broker targets>Ј3827
07/9/201016:24*** McBride ***28
18/5/200715:23MCBRIDE - take a look95
03/6/200219:12McBride - Offer Update tomorrow?10

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Mcbride Daily Update: Mcbride Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker MCB. The last closing price for Mcbride was 16.55p.
Mcbride Plc has a 4 week average price of 15.50p and a 12 week average price of 15.50p.
The 1 year high share price is 92.80p while the 1 year low share price is currently 15.50p.
There are currently 182,798,260 shares in issue and the average daily traded volume is 583,398 shares. The market capitalisation of Mcbride Plc is £30,527,309.42.
wigwammer: "McBride had c.GBP75m of available liquidity as at 28 June 2022."... well that's comfortably above the £40m threshold, with price increases still coming through... shares have tanked on the basis they WILL have to raise cash, and they are still exploring... goodness me though, what if they don't? :)
darrin1471: Banking covenants only waived for 90 days so understandably the banks are keeping a close eye on MCB. Short term debt due to current trading is not a big issue for me. Main concern would be banks pushing MCB into something that benefits the bank and not current shareholders. Still not holding as a seller still appears to be selling and thats moving the price lower
technowiz: McBride input costs factoring in a high oil price?
darrin1471: Blackhorse23 I checked declared shorts for MCB and could not see any. Are you speculating about the shorts or have a source for that information? IGR was being sold by Kabouter (did hold 9%) through April and May and the share price fell 40% during that period.
blackhorse23: Large investors only buying IGR not selling(check out their RNS) , sellers gone on IGR , dividend yield & revenue is good for IGR, other hand still shorters shorting MCB on large scale , that's why going down & my prediction it will Drop further , my buying target 12p for Mcb but let's see who knows
darrin1471: You only have to look at IGR to see what happens to the share price when a large investor wants to sell. Its not logical unless the seller thinks they can make more money redeploying elsewhere. Buyer moves the price down taking more and more stock on the way. Even on positive news the pop is only temporary as the buyer knows the seller was a a willing seller at the previous lower price. Trend is unlikely to reverse until seller is done. Level 2 would be an interesting watch today. I stopped subscribing as I find it quite addictive when trying to work.
darrin1471: Wigwammer. MCB looks interesting. Thanks for the heads up. I went into retail management when I left school 35 years ago and Robert McBride were a supplier to the company I worked for. Not relevant to an investment today but I know the sort of stuff they sell and to the market they are selling to. This is gut reaction stuff and not research so feel free to correct anything. Looking at their website they appear to be selling from the same range as 35 years ago except the addition of unit dosing which did not exist then. Their ranges are for private label clients and contract manufacturing. I find it reassuring that they are essentially doing the same thing as 35 years ago. It is a market they should know well, a market that is not going away and a market that not being disrupted. This is bottom of the market ranges sold as own brands and discounters but essential items. You can't trade down any further without giving up essential, relatively low cost items for dishwashing laundry and cleaning. Food campaigner Jack Monroe has been highlighting higher inflation in low value food basics. The same has happened with the MCB ranges. Input inflation for MCB has gone through the roof and it takes time to pass this on to the customer. The good news is that this is not MCB specific but the same for all competitors. MCB input inflation has come through before consumers feel the pinch. That pinch has now started and I believe will last several years. The final consumer may be able to cut back on MCB products to a degree but I feel more are likely to trade down to MCB than are lost. I also believe that input inflation may reverse in the near future. Not food and energy. I will need to investigate what part of MCB costs are energy related and if they hedge any input costs. Today is a perfect storm for MCB but in a years time new contracts maybe fixed at a higher price in a environment of falling input costs and rising consumer demand for lower end essential MCB products
wigwammer: Thank you for conceding that McBride have financing in place, and have comparable debt to IGR, contrary to your earlier claims. Now you post another misleading statement - MCB have posted positive net profits in 12 of the last 14 years, so they do not keep making losses as you state. Their net liquidity position fell just £8m last year despite difficult conditions and a share buyback. By comparison, IGR's fell nearly $50m... this isn't working out how you hoped, is it? ATB :)
wigwammer: Read the statements and stop misleading people, blackhorse. MCB and IGR both have material debt, paying almost identical amounts of interest in the last FY statements. I am sure it is naivety rather than malice, but you are looking at debt at one point in time, not average debt over a year... And MCB has material debt facilities in place, subject to covenants in the same way as any other company. An interesting point is that while net debt will undoubtedly rise into the next results, it rose by only a modest amount over the last reporting period, contrary to what you're saying.. IGR's debt position on the other hand - ballooned!!..."The Group has a EUR175 million revolving credit facility (RCF) that is committed until 30 September 2026. At 31 December 2021, the amount undrawn on the facility was EUR69.4 million (30 June 2021: EUR87.0m)."
wigwammer: IGR far more cyclically sensitive than MCB. As economy retrenches, the wage pressures that have affected MCB will likely ease as the labour market loosens, and lower demand for commodities will reduce input prices. 0.05x sales, with debt that can revert to normal levels after 2-3 years of repayment (likely to take stock back to the 60-90p range). I'm happy to triple bag+ over that period. ATB
Mcbride share price data is direct from the London Stock Exchange
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