Share Name Share Symbol Market Type Share ISIN Share Description
Mccoll's Retail Group Plc LSE:MCLS London Ordinary Share GB00BJ3VW957 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -7.05% 32.95 316,660 16:35:07
Bid Price Offer Price High Price Low Price Open Price
32.00 34.00 34.00 32.90 33.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,218.70 -98.64 -83.30 38
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:53 O 10,000 33.4798 GBX

Mccoll's Retail (MCLS) Latest News (4)

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Date Time Title Posts
28/2/202008:35McColl’s Retail Group Plc1,222

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2020-02-28 16:29:5333.4810,0003,347.98O
2020-02-28 16:29:2234.00217.14AT
2020-02-28 16:25:3632.5050,00016,250.00O
2020-02-28 16:19:4433.908227.80AT
2020-02-28 16:17:3433.432,000668.64O
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Mccoll's Retail (MCLS) Top Chat Posts

Mccoll's Retail Daily Update: Mccoll's Retail Group Plc is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker MCLS. The last closing price for Mccoll's Retail was 35.45p.
Mccoll's Retail Group Plc has a 4 week average price of 32.90p and a 12 week average price of 32.90p.
The 1 year high share price is 90p while the 1 year low share price is currently 32.90p.
There are currently 115,173,315 shares in issue and the average daily traded volume is 292,406 shares. The market capitalisation of Mccoll's Retail Group Plc is £37,949,607.29.
cliff edge: The part that does not make sense is the extension of the trial, there have been 10 stores on trial for over a year now, this is more than sufficient time to trial any concept and quite honestly you know within a month in convenience retailing whether something is working or not, especially when 80% of your customers live within 1/4 mile of your store. Given that they have had a whole year to test and trial the format and add further stores at anytime throughout that year from the other hundreds of sites that they have, the announcement comes that 20 stores will be crammed into an 8 week conversion period during January and February, that's not a trial that's an extension of the conversion to Morrisons Daily format, and whilst they are the first of the ex CO OP stores (previously supplied by Nisa) there are another 200 plus of these all of which will be ending their supply arrangements with Nisa shortly. and yes I can understand Potts not wanting at this stage to announce the conversion of 200 more and the effect on the share price at MCLS, but the year end announcements from either side will be interesting IMO.
loganair: What Morrisons may be doing makes perfect sense to me. It will take a few good months to get these 20 stores up and running as Morrisons Daily so why announce any more stores to be trialed. Once up and running we may see another announcement of a further 20 stores to be trialed. If McColl's announce in one go that 250 stores are going to be trialed as Morrisons Daily then they are all but saying they are looking at a take over leading to a significant increase in McColl's share price. However by doing it the way Morrisons are, gives further time for McColl's to continue to close their newsagents and poorer smaller performing stores. I still think if Morrisons do make a move they'll wish to wait until at least another 100 or so newsagents have been closed and will also give them the time to see how well the sale of Safeway foods in McColl's has done.
loganair: Because Klarus was reducing their stake hence the fall in the share price and when this stopped the share price popped back up again.
loganair: For the time being I do not expect the share price to rise much above the 50 to 60p level: 1. No rise in the dividend expected this year. 2. Profits forecast to come in at the low end of expectations. 3. Revenues are expected to continue to fall this year and next year due to the closing of their newsagents and poorly performing stores while opening only a very small number of new larger stores.
loganair: Klarus continuing to sell and reduce their holding will be keeping the McColl's share price down and in the doldrums which therefore gives us Private Retail Investors a good opportunity to buy in at a good price.
loganair: Sentiment is really against McColl's at the moment and therefore would not be at all surprised to see the share price fall further down to 30p. Damn...another one of these shares where I came in too early, started buying in at 89p, then 59p & with my biggest investment coming in at 46p. As Warren Buffet has said that an investor should not be investing unless they are willing to see their investment go down by 50%, before going back up. As long as debt continues to fall, even though it is only doing so slowly and they hold their dividend at 4p then I think everything is going to be alright in the end. When McColl's first listed in 2014, 60% of their out lets were newsagents today this is down to less than 20% and by the end of 2020 will be down to under 15%.
loganair: My question being was McColl's share price pushed to 295p at that time knowing that the Chairman was going to sell his shares as he managed to sell right at the very top. The Charmian did not sell in the open market, he sold in a single sell to Estonia's richest man who I doubt will ever get the entirety of his money back and maybe lucky to only get back 50% of what he paid in the first place for his shares.
loganair: It seems to me why McColl's share price will remain pretty static over the next 12 months as the analysts are forecasting static revenues and very low growth in EPS and dividends over the next two years. Static revenues makes sense as McColl's is closing around 40 newsagents and 20 smaller poor performing stores a year while only opening 10 new stores a year even though these new stores have on average 2 1/2 times more turnover compared to the stores being closed.
loganair: Simon Bowler, retail analyst at Numis, said: 'We believe McColl's are back on the front foot in terms of strategic direction and priorities. 'However, we await further evidence of these initiatives delivering traction, mindful that the business is operating against a challenging retail backdrop.' Thomas Brereton from GlobalData said: 'The question is over how long this transformation is taking, and whether vital corporate measures have the strength to underpin McColl's metamorphosis if it drags on.' Brereton added that the sharp decline in its share price over the year indicates that 'belief in a recovery is quickly waning'.
thefartingcommie: Grocery Opinion: Should Morrisons make a move for McColl’s? Luke Tugby By Luke Tugby13 March 2019 Morrisons’ impressive turnaround under the stewardship of David Potts and Trevor Strain gathered further momentum today as it unveiled its full-year results. Britain’s fourth-largest grocer posted an 8.6% uplift in pre-tax profit, excluding exceptional costs, to £406m for the 52 weeks to February 3. Group like for likes, which include the performance of its fledgling wholesale business, rose 4.8%. To-date, chief executive Potts’ ‘fix, rebuild, grow’ strategy has focused on being more competitive on price and product quality, improving customer service, enhancing Morrisons’ localised proposition in stores, developing “popular and useful services” with partners such as Timpson and Doddle, and simplifying the structure of the business. As part of Potts’ vision to “grow”, the development of Morrisons’ wholesale division – which supplies Amazon and McColl’s in the UK, Sandpiper in the Channel Islands and Thai grocer Big C – added £705m to the top line in 2018/19. The target is to drive that to £1bn annually. On paper, at least, the combination of the two businesses would make sense on a number of levels Today, Potts spoke of an emerging ‘new’ Morrisons – and said despite progress made so far it had “many sales and growth profit opportunities ahead”. Morrisons remained tight-lipped on what those might be, but its ever-closer relationship with McColl’s could be a key avenue for both top- and bottom-line progression. Morrisons already supplies all but 300 McColl’s stores with 250 Safeway-branded lines. That SKU count will increase to 400 later this year. But the pair are now poised to pilot the conversion of 10 larger McColl’s stores into Morrisons Daily – the same franchise fascia Morrisons has established on 115 Rontec and MPK Garages petrol forecourts. Could that signify the latest step in a longer-term Morrisons play to swoop on the McColl’s business? Potts was coy on the idea when asked by Retail Week this morning. He would only describe the existing tie-up as “an important partnership”, adding: “Like most things in retail, whether there is any progress made on any more franchise Morrisons Daily stores through our partner McColl’s will be in the hands of consumers.” C-store reboot On paper, at least, the combination of the two businesses would make sense on a number of levels. First, Morrisons has had no high street c-store presence since Potts offloaded its failed venture into the convenience market back in September 2015. Potts said at the time of the disposal that he would not rule out a return to the convenience market, but labelled the My Local portfolio as an “inconveniently located convenience business”. Although its move on to petrol station forecourts has allowed Morrisons to rekindle a convenience offer of sorts, a combination with McColl’s would instantly thrust it into direct competition with businesses such as Tesco Express, Sainsbury’s Local and the Co-op in high-footfall and neighbourhood locations across the UK. It’s likely an acquisition of McColl’s would get the green light from the relevant authorities without too much trouble Second, while Morrisons would be alert to potential interference from competition authorities when mulling any kind of deal – particularly in the wake of the CMA’s provisional findings on the proposed Sainsbury’s-Asda merger – the watchdog would likely come to much more lenient conclusions. The geographical overlap between Morrisons and McColl’s stores would be much less of an issue, especially in London and the South East, where Morrisons’ market share is minimal. Indeed, Morrisons’ nationwide market share and buying power in grocery would not be boosted to anywhere near the same extent as Sainsbury’s-Asda’s would be, or raise the same CMA concerns about the adverse impact that clout could have on prices for consumers. It is likely, therefore, that an acquisition of McColl’s would get the green light from the relevant authorities without too much trouble. Smells like a bargain Third, having already worked with McColl’s as a supply partner, Potts and Strain will be aware of where Morrisons’ Safeway offer is resonating with customers and how that has affected sales. That data will speak for itself when considering whether or not a McColl’s acquisition would represent a viable growth opportunity. Last but certainly not least, McColl’s share price currently represents good value. Its market cap has slumped to under £90m after being hammered by the impact that the collapse of its former supplier Palmer & Harvey had on profitability. The convenience specialist’s pre-tax profit tumbled 57% to £7.9m in the year to November 5, 2018, but total sales rose 8.1% to £1.24bn over the same period. Like for likes fell 1.4% as a direct result of supply chain disruption. But Morrisons, as its new supply partner, will know all too well that those issues will soon be behind McColl’s. Both its bottom line and valuation should recover as a result. At 77p, the McColl’s share price therefore represents something of a snip when compared to the 295p high it hit less than two years ago, in September 2017. Potts and Strain may well smell a bargain. ..........couldnt agree more..(fwiw) If they do, Morrisons and McColl’s could prove to be much more than a marriage of convenience.
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