Mccoll's Retail Share Discussion Threads

[barnes4] 10/5/2022 07:31

Inch high private I’s

Gambling away the family silver
You should be ashamed

[mrblueface] 10/5/2022 07:21

Shareholders LOST EVERYTHING PMSL :D

[mrblueface] 10/5/2022 07:21

I was saying this was Alldays MK2 months ago PMSL

[iceagefarmer] 10/5/2022 05:33

another alldays rip

[shanejay74] 10/5/2022 05:27

Interested to know as soon as mccolls entered administration offically why the stores why where they not told to shut immediately. Also Morrisons have stripped
*collect+
*lotto
*bws fixtures
*scratchcards
From all stores or soon to be all stores temporarily

I can also confidently see redundancies within 6months due to property purge and recontracts of employees.

As each stores value and location is accessed for the purge.

This is not going to end well in 6 months that is a fact.

McColl's field team
Head office floor
All area managers

Will be gone within 3months

Yes media portrayed 16000 jobs saved but for how long technically 24hrs could be classed as saved there is no logical reason why Morrisons would keep all 16000 employees

Each store averages 10 employees which is on 11000 leaving 5000 out of work eventually which is mostly made up of

*maintenance teams
*Head office team
*field base teams
*support teams

So in essence 16000 jobs are not saved its only 11000

News stores employ 10 people average
Average 200 stores left which are garenteed closures so 2000 people out of work

SO IN ESSENCE MORRISONS ARE GOING TO KEEP ONLY 8000 PEOPLE OUT OF 16000 SO HALF THE WORKFORCE WILL BE GONE WITHIN 6 MONTHS

list above will be replaced with Morrisons own version.

I give this whole rediculous debarcle 12months before Morrisons pulls the plug.

[rookieswingtrader2020] 09/5/2022 23:06

You falsely assume Blue that everyone here was investing in MCLS and therefore necessarily believed that it had a bright future. Some of us were merely trading it, by entering & exiting positions on a comparatively short term basis. Doing so was of course risky, given the likelihood of administration, but the precise timing of any administration was never 100% certain, and that is what led to some very cheap entry points and thus (in percentage terms) some very profitable trading. If what you are trying to tell us from your urine-soaked chair is that trading carries risks, then thank you for taking us as far as Page 1 of any trading manual.

[drew lonmenob] 09/5/2022 22:55

Poor sentiment riles Gary Barlow got caught in this all the way down

[pwhite73] 09/5/2022 22:51

grosstonnage - "Shareholders of limited liability companies are separate in law from the business."

Yes but only up to a point in the normal course of business. Creditors can still chase the shareholders if they consider they acted recklessly. A prime and recent example being Sir Philip Green formerly CEO of Arcadia group and the main shareholder. He sold BHS for just £1.00 but not before he extracted £586m in dividend payments although the pensions deficit already stood at £571m and BHS had debts of over £1 billion. An investigation was about to be launched but he settled in advance by returning £363m.

The same applies to directors as well. In the normal course of business the directors are separate from the legal entity that is the company. However they can be chased for company debts if it is deemed they paid themselves excessive wages to the detriment of the company and its creditors.

[mrblueface] 09/5/2022 22:31

PMSL lots of thick cnts simpletons who still do not realise they will NOT SEE INVESTMENT AGAIN PMSL. Your money or shares are worth ZERO 0p LOLOLOL

[m_kerr] 09/5/2022 22:13

like debenhams, this could have survived if it hadn't been asset stripped. sadly, anyone with even a superficial understanding of financial statements saw this coming many months ago. this went under because of the balance sheet and cash flow, none of which you'd glean from popping into their shops.

i know this is an investing board, but at least the staff get to keep their jobs.

IMV they're still paying a very high price taking this on. assuming the debt and other liabilities. but they were always going to beat the issa's to it as morrisons were simply protecting their own interests (the wholesale business). IMV they are not long term owners and will look to stabilise and sell it on if they can.

[grosstonnage] 09/5/2022 21:57

Terminator

do you now understand the difference between debtors and creditors.

Also, you need to understand the meaning of a Limited Liability Company and research the history and reason for existence of these entities.

Shareholders of limited liability companies are separate in law from the business.

[mrblueface] 09/5/2022 21:54

Mug punters PMSL they never learn

[buywell3] 09/5/2022 21:20

All you had to do to research this share was to visit a couple of their stores and buy a few bits and bobs

buywell did that in 2019 --- read the posts since --- not one positive comment

The Retail sector in Food and Drinks are going to have a tough time of it with inflationary cost rises coming from multiple directions and no price reductions to help . In addition buyers of their products will have less and less cash to spend.

Already tight margins based upon huge turnover are going to get squeezed further still

[claret dragon] 09/5/2022 21:15

What a mess.

Never owned this stock.

Chart tells you everything you need to know.

8 years and bust.

Shocking really

[tomtum1] 09/5/2022 20:57

PWHITE73:I was here and previous posted I sold at 10p and broke even,I couldn't understand why the management kept pumping shareholders money into revamps when the debts were so high. I could see the management line their pockets awarding themselves with shares while the business went down the tube, Such a pity a billion pound company ran so badly.I feel for the shareholders here, the management should have stepped down 12 months ago.

[mrblueface] 09/5/2022 20:48

I told everyone this was a turkey PMSL, mugs had plenty of chances to take note but still wanted to gamble instead LOL

[pwhite73] 09/5/2022 18:44

MrBlueface - "No you do not understand"

No its you that doesn't understand. You see once investors have lost large sums of money in a stock they hold no animosity towards any posters that predicted sell or even posters gloating.

How best can I describe it. Its like losing a loved one, a family member. The event is so traumatic it overwhelms everything else. You no longer have enemies, you no longer consider person A a bad person. What's real is the death of a loved one and its all consuming nature.

I haven't lost a single penny in McColl's because I never invested a single penny but people who have are not concerned about people like you any longer. What they wait for is a glimmer of hope that maybe just maybe shareholders might salvage something. But believe me nobody cares about the "I told you so" or "serves you right" posters at a time like this. That's why all the posts have dried up. This is no time for conversation.

I will say no more on this subject.

[mrblueface] 09/5/2022 18:33

No you do not understand PMSL, hence why you gambled on this in the 1st place LOL

[mrblueface] 09/5/2022 18:31

Please consider me a gloater PMSL. I am loving it, reminding all these gamblers that it has gone to zero 0p LOL

[pwhite73] 09/5/2022 18:23

MrBlueface - Believe it or not nobody actually considers you a gloater, just a with hindsight "I told you so" poster. You first posted on McColl's on 01/03/2022 advising to sell but by then speculation was rife in the press that McColl's was in trouble.

Now had you been predicting McColl's would collapse from 01/03/2021 then that would be a different. So in short STFU about "I told you so" because McColl's "told you so" before you told anybody else so.

[pwhite73] 09/5/2022 18:21

RookieSwingTrader2020 - "Anyone trading for any decent length of time has had at least one very painful, frustrating loss and so knows how you feel"

Anyone trading for any decent length of time has had too many painful losses to remember they're almost numb to it now. That's the name of this game but its for the life changing multi-bagger we all invest.

[terminator101] 09/5/2022 18:19

Seems that some on here will literally never learn the inevitable outcome of these poorly lead retail outfits. Covid hasn't helped and probably pushed it over the edge quicker than some, but this was a loss making business. Like many times before, why give shareholders anything when you can pick it up for a song out of administration. The only saving grace is that Shareholders won't be pursued for debts.

[a_2_b] 09/5/2022 18:18

I don't think you understood

[rookieswingtrader2020] 09/5/2022 18:06

Or to keep on, because Morrison's is purchasing the assets from the company?