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
  0.75 3.49% 22.25 249,846 16:35:12
Bid Price Offer Price High Price Low Price Open Price
22.20 22.30 23.90 22.90 22.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,218.70 -98.64 -83.30 26
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:25 O 5,610 22.28 GBX

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Date Time Title Posts
23/9/202016:07McColl’s Retail Group Plc2,565
11/8/202016:47McColls - Covid & beyond: Convenience Stores 81

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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 21.50p.
Mccoll's Retail Group Plc has a 4 week average price of 21.50p and a 12 week average price of 21.50p.
The 1 year high share price is 56p while the 1 year low share price is currently 14.95p.
There are currently 115,173,315 shares in issue and the average daily traded volume is 216,911 shares. The market capitalisation of Mccoll's Retail Group Plc is £25,626,062.59.
cliff edge: All very interesting stuff but at the end of day none of it is going to lift the share price, Mc Colls have just delivered a robust H1 set of results with a sustainable reduction of £12min in debt and an increased EBITDA and the share price has halved! Despite the fact that this will be the only retail plc company to increase profits and reduce debt this year, whilst others are beginning to report 28% fall in profits and increased debt, the share price here continues to fall. The fact remains is that the real value here is in what are 1100 "local" neighbourhood convenience stores with potential for conversion to local fresh food convenience stores with a 40% sales uplift on current turnover worth to a major?
loganair: If McColl's are doing as well as some posters on this thread continually say they are then how come McColl's share price falls almost on a daily basis? Currently McColl's have one of the lowest EBITDA margins in the supermarket sector and therefore are barely able to make a profit and have sold their last remaining assets to try and reduce their debt load and have no more assets to sell. Sainsbury's has the lowest EBITDA margins and are therefore struggling profitwise. Just look how poorly their share price has done over the past year compared to either Tesco or Morrison's. It wouldn't surprise me if Sainsbury's share price continues to fall and ends up down at 150p, lower than where is was over 30 years ago.
loganair: How is McColl's doing at the present time: 1. Is McColl's any good at what it does - Not really 2. Does McColl's generate consistent growth while remaining profitable - No 3. Is McColl's an efficient operator - Not Really 4. Does McColl's have any pricing power - No, the complete opposite is true as it has to reduce prices to compete with the big supermarket groups. Conclusion - At the moment McColl's is a terrible business and is why the share price is currently where it is. Best hope for McColl's is to be able to convert more of their stores into Morrison Daily's and in 18 months time or so to be take over by Morrison's. Will the McColl's share price see 295p again, the price the chairman sold his 10% stake for to the Baltic's richest man - Almost certainly No. If Morrison's makes a play for McColl's at what price do I think they'll make the play for. Best that can be hoped for is 100p + 10p special dividend. The 100p may come in as an all cash offer or maybe all share offer.
netcurtains: MATHS EXAMPLES Its worth noting that ALL shares in the entire stock market stand a significant chance of doubling in 2 years not just McColls: BT, ITV, WGB, WEY, TRD - the list covers all shares. AN EXAMPLE: What the investor or trader has to do, is compare risk reward of various companies. For example, TRD - Triad is 83% of a NETNET (its share price is lower than its NAV ). Nav 36p, share price 26p. It has £3.8M in the bank but a market cap of just £4M. "When" it makes a profit the share price often is in range of 70p-80p... Would you say Triad has lower risk and higher reward then McColls? Those are the sort of questions you need to look at. I picked TRD as I know that buywell3 thinks it will fall (and I have shares in it) but I could pick loads of examples - look at ITV or WINcanton there are lots around.... Academics say investors/traders start to lose money when they over concentrate on the ONE SHARE... Make sure you dont get sucked into the McColls black Hole. McColls has to look good RELATIVE to other companies otherwise why bother???
ymaheru: Firstly, Logan's apparent pessimism on H1 results was more accurate than mine or some others' opinions. Good work Logan, and thanks for sharing opinions. I probably held off buying more shares because of some of that. Regarding, SG&A, MCLS DID CUT it by 2.8%, and sales decreased only 1.1%, so even with COVID, things have gone in the right direction, both in sterling terms and as a percentage of revenues. That is GOOD NEWS. See page 11 H1 results. I know people are disappointed with gross margins, BUT LFL sales were up 20% (or 8%) and the sales mix altered: Customers doing food shopping won't pay 90p for a Mars bar; they'll buy a multipack. The proportion of main and top-up shop customers swelled massively (75%, up from 52% of trade), so margin erosion is unavoidable. MCLS have improved gross margins over the years, which is excellent in the grocery market, and they still only slipped 0.5% during COVID. I am disappointed by a slip, but I'm not sure what else could've been done. MCLS would have been vilified if a multipack of Mars bars suddenly rose from £2.75 to £6.30 in an attempt to preserve margins. I'd take a 0.5% gross margin slip if LFL's are up 8.3%. I am expecting a further slip in H2 as the mix won't fully recover, but I also expect LFL's to be up 15%+. LFL's were growing in May and June from April. LFL's GREW as lockdown eased! May's LFL's were HIGHER than April and June higher than May. That may be partly due to the poor summer in 2019 setting a low bar, but I did NOT expect LFL's to be so high after lockdown. It may even be that people noticed the amount of shopping they can do in their McColls and are now using it as a viable alternative to the big grocers. IF that is the case, then well done McColls' management. I'm not just a happy clapper here. I wish they had shown a profit (or at least produced a full pre-IFRS16 income statement) and it would have been great if they'd managed to preserve gross margins, but I still see some good things, and I'm not sure why anyone is saying that SG&A costs increased. They were higher than they may have been, but they decreased. For the above reasons, I haven't sold off any MCLS shares yet However, I am nervous about the declining share price.
davro: I love how active this thread is but it really is like a study in human psychology :) First the bounce from the March lows where hope and optimism kicks in as we convince ourselves that convenience stores are making a killing and the rise in the share price confirms we’re right. Then the doubt and fear kicks in as the share price starts to fall back and given a lack of news everyone seemingly taking a more cautious view on what the interims will deliver. Not including you in this Logan with your consistently cautious view :) I think we’re all in danger of talking ourselves crazy on this - just 3 weeks until we find out. My view hasn’t changed, I fail to see how McColls won’t be in a materially better position than they were 4 months ago and the share price will need to adjust accordingly...
loganair: The last 3 Director Buys were for £18k, £8k & £40k, not exactly huge sums of money. If these 3 had spend £100k each then I would have sat up and taken notice. I can remember the CEO of C&W buying £10mln of his companies own shares over a 30 month period. Which was far more then his salary over the same period. It seems that too many posters are looking for a conspiracy as to why the McColl's share price is where it is and not a great deal higher because in the minds of these posters they feel the share price should be a lot higher than it currently is. The share price fell simply because McColl's are scaling back their operations while at the same time reduction in profits. Until the turn round is completed, return of the dividend and are able to see afterwards how it is going I can see the share price staying about where it is, trading a range between 40p and 50p.
loganair: net - I posted if there is any take over it will not be until late 2021 and not this coming September. I bought my first holding in McColl's well before Morrison's came on the scene and just think of any take over as the icing on the cake as it were. Buy on the Rumour - Sell on the results, therefore the share price is more likley to fall on the results rather than rise. Any significant fall in the share price is an opportunity to add to my current holding as similarly I may do when it comes to Sainsbury's where I have posted my thoughts that their share price is likley to fall to sub 150p. And Yes, I maybe wrong over anything, espeically when not in my direct control.
loganair: Cliff - How am I deramping McColl's when I post I think the current share price is about right and when their store optimization programme is complete then the share price will rise to 100p which is over double where the share price currently is.
loganair: cliff - I think your comment is very unkind and hurtful as I do not Ramp or Deramp shares, all I do is put my honest opinions of where I think a company is going and the resons behind my opinions - whether other posters like my opinions or not is a different matter. I always do my best to given good reasons as to why I think a share will rise or fall in price. For example Imperial Tobacco, when the price was at £24 I posted my reasons why I thought the share price was going to fall to £15 when I would take a look at investing with it's low being £10 to £12 where it turns out I was right in both cases. When McColl's was at £1, I posted why I think the stock price is going to fall below 50p which it did with out Covid 19. Then when I saw the directors buying in at 46p, I felt it the right time to quadruple my holding - which I did. How have I derapmed McColl's when I say I think the current share price is about right and my number one though is when the store optimization programme is completed McColl's maybe taken over by Morrison's for around 100p per share plus a 10p dividend per share sweater.
Mccoll's Retail share price data is direct from the London Stock Exchange
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