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
  0.80 1.67% 48.80 23,746 16:35:07
Bid Price Offer Price High Price Low Price Open Price
47.20 48.80 48.00 47.20 48.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,241.54 7.87 5.95 8.2 56
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 3 48.80 GBX

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Date Time Title Posts
13/10/201916:13McColl’s Retail Group Plc1,013

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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 48p.
Mccoll's Retail Group Plc has a 4 week average price of 44p and a 12 week average price of 44p.
The 1 year high share price is 140p while the 1 year low share price is currently 44p.
There are currently 115,173,315 shares in issue and the average daily traded volume is 58,156 shares. The market capitalisation of Mccoll's Retail Group Plc is £56,204,577.72.
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'.
loganair: I totally disagreewith the Times article. The P&H going bust is now resolved, the increase of selling Safeway (Morrison) products is now fully up and running, some of their larger convenience stores being rebranded into Morrison Convenience stores & the continual divestment of loss making Newsagents at the rate of around 30 per year when their leases run out. Sentiment is usually almost everything when it comes to a share price as humanbeings on the whole tend to be emotional creatures who invest emotionally, rather then rationally.
masurenguy: The shareprice here has fallen by 65% over the past 12 months and Tempus does not think that the prospect of any recovery is imminent ! "With consumers under financial strain and competition intense, the company is forecasting that profits this year will be only marginally higher than last time. The convenience store market may be alive and well, forecast by IGD, the food and grocery charity, to reach £47.2bn by 2023, but McColl’s Retail’s share price is not. Flat at 80p yesterday, the shares trade for only 6.9 times Numis’s forecast earnings for a prospective yield of 7.9.% There is nothing in sight that might send them higher." hTTps://
loganair: McColl's say £35m profit for this year and £38m penciled in for next year. Share price fell from 150p to 50p on this news. Remember Estonia's richest man bought a 10% stake in McColl's for around 275p per share. With McColl's closer links with Morrison's and continuing closing news agents at around 30 to 35 a year and now days tending to acquire larger size convenience stores then they had before which are of the size that Morrisons are more likley to turn into their own branded stores all bodes well for McColl's going forward. At the current rate of closure, with in 5 years McColl's will have closed around 50% of their remaining newsagents. I understand what happens is that McColl's just doesn't renew their leases when they come up for renewal.
loganair: Even if Morrison took over McColl's at double their current share price, Estonia's riches man who paid around 275p per share for a 10% stake in McColl's will not be best pleased. It seems to me Morrison's are taking the right approach by seeing how it goes with McColl's and how the differing offers resonate with customers best fits before making a bid to take over McColl's.
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.
wskill: Very true Aleman I have been buying a few bombed out stocks recently mcls and a few others well over sold the shorts seem to have got carried away with their shorting prowess. Bodes well for shareholders who realised that current share price is far too cheap.
loganair: As I thought the share price drop was over done, I invested in a few more. Looking in today, the share price is looking very ugly, very ugly indeed therefore I think it better to not look for a little while. In the medium and long term I am confident that my increased investment in McColl's will pay off handsomely.
wunderbar: Maybe foolishly I've topped up again at 84p. The fall of 30% does seem overdone when you consider profit warning is attributable to circumstances beyond company's control with the collapse of Palmer & Harvey in November 2017. What the market obviously doesn't like is fact McColls used same excuse at Interims and to be honest after reading the Q3 update in Sept I was under the impression distribution issues had been resolved [obviously not]. If you believe management when they say Morrisons distribution is now bedded in then this fall should merely be seen as a blip and this time next year share price should've recovered back to c.120p. However any further announcements about continued supply chain issues will seriously damage management credibility and no doubt the share price too. Like others I expect and welcome a cut in dividend on the basis they use the proceeds to cut debt. Right now you have to look at the stats - market cap £96m, estimated FY profit £35m, debt c.£100m. On this basis MCLS does appear cheap though some might say for good reason.
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