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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mccoll's Retail Group Plc | MCLS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.75 | 1.75 |
| Industry Sector |
|---|
| FOOD & DRUG RETAILERS |
| Top Posts |
|---|
Posted at 18/6/2022 00:16 by philanderer ++ THIS THREAD CLOSED ++The other MCLS thread here if needed: |
Posted at 28/5/2022 19:51 by powereddrones Asda owners the Issa brothers are on verge of dropping their bid for Boots over a disagreement on price---- EG group don't appear to want to pay another £1-2bn for Boots, closer to the asking price. And they didn't want to outbid Morrisons for MCLS. |
Posted at 10/5/2022 15:22 by rookieswingtrader2020 Morrison's being a creditor of MCLS's simply meant that Morrison's had an interest in someone (anyone) buying MCLS's assets (so that MCLS could raise cash with which creditors, including Morrison's, could be paid off to the extent possible).Morrison's could have let EG be the assets-buyer if they wanted. There was no need for Morrison's to insist on using their own cash to be the assets-buyer. They clearly did so for reasons unconnected with the mere fact that they happen to be an MCLS creditor.In fact, I think I may have even read that as part of their offer, Morrison's was willing to waive some or all of the debt that MCLS owed Morrison's. |
Posted at 10/5/2022 15:12 by rookieswingtrader2020 Surely the reason that MCLS is still listed is because the shareholders still own it. CD&R bought Morrison's from Morrison's shareholders. That removed Morrison's listing. But Morrison's didn't buy MCLS; they merely bought MCLS' assets. So there has been no change in MCLS ownership. Surely that is why the listing remains (until liquidation occurs). |
Posted at 09/5/2022 09:15 by demark it is sad as in my opinionord shares in MCLS is now history!!! but unfortunately there are still punters in this bb that still believe the ord shares for MCLS might be back to the market trading!!!! good luck! |
Posted at 09/5/2022 00:19 by kinwah Letmepass, I don't think that's right. MCLS has probably filed a notice of the intention to appoint an administrator. However the court is obliged to listen to a petition claiming the company can be saved via a solvent process. It is extremely unusual as courts normally just rubber stamp the applications to appoint administrators. I think Morrisons can 'stay' the application for a few days so that it can make a recommended unconditional offer for MCLS. English insolvency law is drafted with the intention of saving companies wherever possible. A genuine solvent offer always trumps a pre-pack. I would think later today the court postpones a decision on appointing administrators. |
Posted at 08/5/2022 11:21 by loganair Since IPO in 2014, McColl's have paid circa £40mln in dividends, if they had never paid a dividend McColl's would have had sufficient funds to have carried them through until all the Morrison Daily conversions were fully up and running.The Chairman of McColl's sold his circa 10% holding right at the very very top for 295p, this really told us, the retail share holder it is time to also sell out. Sadly many retail share holders listen to the latest broker share price target and at the time they were giving a price target of 320p which kept most of the retail investors on board. |
Posted at 25/4/2022 20:21 by kinwah Just a thought. The Turkish grocery delivery business Getir is valued at about $10bn. It might be worth them taking a 25% or more stake in MCLS for peanuts and using MCLS as part of its infrastructure. I think something strategic will happen with all that turnover but it may not benefit shareholders. |
Posted at 21/2/2022 15:56 by netcurtains vullrich (I'm not sure what thomas cook has to do with it - are you sure you're not at cross purposes? IGR make christmas cards, crackers and small craft goods - some of which are probably for sale in MCLS shops from time to time).:IGR: NAV is £284.13 or THREE Times its market cap MCLS: NAV is £19.9 - which is less than its market cap. So if NAV was the only thing then IGR would be the BUY However of course there are loads of variables. VALUE investors have to compare value investments (otherwise what is the point, we might as well all go home). MCLS seems to have a plan to get out of its mess. GOOD. IGR seems to only recently got into this mess. BAD. So both companies have PLUS and MINUS But which one - if either???? Any ideas? |
Posted at 15/1/2022 17:10 by nudgenudgewinkwink Hark, is that the fat lady I can hear, or is it a certain CEO with his nuts in a vice starting to wail the immortal words to "My Way"??? MCLS shares at 10p now - BIG ouch!Oh to be a fly on the wall in any of the MCLS board's homes right now. I imagine family mealtimes are pretty awkward right now when it comes to the "how was your day at work honey?" and then the "how is our family savings/house remortgage share investment in MCLS going?". Difficult times. Five months on from my last post here and with the share price now at a milestone 10p I thought an update was due. As I wrote before, I feel that the current board have made some well discussed mistakes over the years that have left the company in a very precarious position. Huge debts, huge turnover, but little profit has left little room for manoeuvre. A successful raise of £30 million and a ramping up of Morrisons conversions should improve company profitability sooner rather than later. But still the shares have plummeted. So is McColls really a 10p basket case heading rapidly towards insolvency or an oversold bargain? Way, way back in August last year before the raise, the shares were circa 35p. The raise was oversubscribed at 20p, with £3 million of the £30 million raised put up by the MCLS board. Not exactly chicken feed and a very brave/stupid move (delete as applicable) by people who knew *exactly* where MCLS was financially at that time. So unless they had money to burn, they collectively thought then that the future for MCLS was very bright. It's worth remembering this. So what has changed in 5 months apart from the huge share price decline? Well assuming the company hasn't kept anything back, I don't think anything much has changed at all. Full year results showed the expected declines in sales due to Covid and stock shortages. Store numbers were reduced to anticipated levels, profitability at converted stores showed the increases in sales hoped for. And just for good measure, the rate of store conversions has been accelerated and we have been reassured that the banks are still backing the company. This week we also got the news that the board has been slimmed down with the resignation of the Chief Commercial Officer, so a decent cost saving there as the role is disappearing. So is the current share price of 10p fair, overpriced or a bargain that should be snapped up pronto? In my opinion at 10p, the shares are a definite buy at these levels. For me, not much has changed risk wise since the August raise, BUT the share price has more than halved, so I think the upside for an investor looking to make a short to medium profit is pretty good. The company set out it's recovery plan and has accelerated it with Morrisons backing and help over the Christmas period. McColls is able to service it's not inconsiderable debts and profitability should be improving weekly as more stores are converted and the dead wood stores are now all but gone. From what I've seen personally, stock levels in stores have improved greatly over the last few months, so shelves are full again. Covid risks are also receeding rapidly so sales patterns should be returning to normal in most stores. Finally as mentioned before, the board have a considerable amount of "skin in the game" and have a lot to lose personally if the walls come crashing in. The banks have said they still back the board and it's recovery plan, so I don't think that's about to happen. Then there is still the chance of a takeover at some point when the company has rolled out all the store conversions and stabilised the finances. Disclaimer. I have no association with McColls in any way. I do not currently hold any shares in MCLS. All opinions are my own, please do your own research before investing. |
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