Share Name Share Symbol Market Type Share ISIN Share Description
Mccoll's Retail LSE:MCLS London Ordinary Share GB00BJ3VW957 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +0.96% 210.00p 205.00p 209.00p 209.00p 205.00p 206.00p 669,113 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 950.4 17.7 12.8 16.4 219.90

Mccolls Share Discussion Threads

Showing 426 to 450 of 450 messages
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DateSubjectAuthorDiscuss
24/7/2017
23:03
Thanks, Loganair. Good reading. :-)
ed 123
24/7/2017
19:54
The convenience store market is keenly watched at the moment. A combination of Tesco and Booker would bring together a total of over 8,000 UK convenience stores - which would represent between 15 per cent to 20 per cent of the convenience sector. But last week, the Competition and Markets Authority referred the proposed merger to an in-depth investigation. The CMA said: 'The CMA believes that in more than 350 local areas where there is currently an overlap between Tesco shops and Booker-supplied 'symbol' stores, shoppers could face worse terms when buying their groceries. 'There are concerns that, after the merger, there is potential for Booker to reduce the wholesale services or terms it offers the 'symbol' stores it currently supplies, in order to drive customers to their local Tesco.' Analysts said this could present an opportunity for McColl's as a combined Tesco and Booker would be forced to dispose of stores. Adam Tomlinson, at Numis, said: 'We believe it is highly likely a combined Tesco/Booker group would have to dispose of a meaningful parcel of stores, which would provide McColl's with a material further M&A opportunity to accelerate its strategy. 'We have confidence that any acquisition would be well executed by McColl's management given its track record, most recently with the acquisition of the 298 Co-op stores which are integrating smoothly and performing well to date.'
loganair
24/7/2017
16:22
So , reversing the maths, Numis must be sticking with their existing forecast for 2018, although I would not be surprised if 2017 was moved down. Thanks, loganair. That would make MCLS good value, and probably earnings enhancing to a major, anywhere around the current price. (from Morningstar) 2017 2018 Broker Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Peel Hunt LLP 23/06/17 BUY 24.96 17.21 10.30 34.47 23.77 11.50 Numis Securities Ltd 22/05/17 BUY 24.90 17.30 10.30 31.30 22.00 11.00
aleman
24/7/2017
16:08
Retail therapy: The market was less excited by today’s update from McColl’s Retail Group (LSE: MCLS), its share price dipping 0.96% in early trading. However, nor was it overly concerned by the fact that profits have nearly halved, from £8.2m in 2016 to £4.5m, viewing this as an exceptional one-off. The £237m convenience retailer’s interim results for the 26-week period to 28 May covers a time of change and opportunity as the group integrates 298 new convenience stores acquired from the Co-op at a cost of £117m. Total revenue rose 7.6% to £504.8m, up from £469.2m in 2016, as the new stores steadily opened. Bring me sunshine: However, like-for-like sales were flat, rising just 0.2% in the first half, although accelerating to 1.4% in Q2 on the back of favourable weather, which boosted alcohol and grocery sales. Performance in newly converted stores rose a healthier 2.8% in H1, and an even better 3.8% in Q2. Gross margins crept up 90 basis points to 25.4%. Progress may be slow, but it is steady. That sharp drop in pre-tax profits was down to £1.3m of store pre-opening costs, and £2.3m of exceptional costs, mostly professional fees and write-off of historical banking fees resulting from the Co-op acquisition and refinancing. Markets retain their faith in the firm’s growth story, which has seen the stock rise 38% in the last year. The Plus side: McColl’s chief executive Jonathan Miller expects further profit and sales growth from the integrated stores in the second half of the year, with 700,000 customers now holding its Plus loyalty card. “As the wider convenience and wholesale sector evolves and continues to grow, McColl’s is in a strong position to benefit,” Miller concluded. Trading at 16.25 times earnings, McColl’s is priced for further growth, plus you get an attractive 4.95% yield as well. Why it's interesting: The grocery sector is undergoing a shakeup as the big supermarkets seek to buy up smaller contenders and other parts of the supply chain. Just this weekend it was rumoured that Asda was looking to buy bargain furniture retailer B&M. McColl's has been caught up in the middle, as it held its own talks with Sainsbury's while the big four retailer was also looking to buy McColl's supplier Nisa. Competition is hotting up since Tesco's buyout of Booker and Amazon's takeover of Wholefoods. Convenience stores represent an attractive level of neighbourhood penetration so McColl's has the chance to play kingmaker in upcoming deals. Analysts believe McColl’s could itself be a takeover target, as the major grocers jockey to grab a share of the fast-growing convenience market, with Tesco also trying to buy Londis and Budgens-owner Booker for £3.7bn. Co-op has been touted a potential bidder for the McColl’s wholesale contract since it has already started a trial of selling its own-brand products in McColl’s stores. Shares in McColl’s dipped 0.08% to 207.0p in afternoon trading. Numis repeated a ‘buy’ rating and target price of 250p, saying McColl’s delivered “solid” interims. “Product and format initiatives should underpin a sustained improvement in sales momentum, while the margin outlook is supported by mix changes, the supply re-tendering process and acquisition synergies,” it said. “The shares have proved to be resilient in recent months but in our view continue to offer good value at 9.5x price-earnings ratio/ 5.3% dividend yield to calendar year 2018.”
loganair
24/7/2017
15:59
I've still not seen an upddated forecast anywhere. Https://www.aol.co.uk/money/2017/07/24/mccolls-retail-group-plc-and-w-h-ireland-group-plc-two-up-and/
aleman
24/7/2017
15:56
Takeover chatter is increasing. I might let you have mine for £3. Http://www.telegraph.co.uk/business/2017/07/24/mccolls-retenders-2bn-nisa-supply-deal-blow-planned-sainsburys/
aleman
24/7/2017
10:30
Crude is as good as we can do, Aleman, as private investors. Agree with your overview. For me, it's the direction of travel and present rating that matter. I'm ok with that, so will hold and collect the dividend.
ed 123
24/7/2017
10:20
I had not realised the Coop acquisition was phased. It is said to be on track but my memory tells me it was to be integrated between Jan and April and the slight delay seems to be reducing numbers for this year a bit. Despite that, it should make little difference to next year. If 1/3rd had not completed at the end of H1. This means 2/3rds were at H1 end so only about 1/3rd contributed through H1 ON AVERAGE. 2/3rds of the benefit is still to come. The good news is that average contribution of 1/3rd in H1 saw underlying EBITDA increase 11%. Add in the other 2/3rds and next year's H1 should be 33% plus efficiencies/less disruption - maybe 35-40% higher. This is crude but analysts will be given a better insight which we will see soon in new forecasts. Having now read through, I feel a bit more optimistic that things seem to be on track and 2018 forecasts probably won't change too much, even if 2017 is a bit lower. The return of inflation in the industry and satisfactory results for refreshed stores, Subway trialling, etc. suggests 2019 could then be a bit better than 2018, helped by the return of an individual store acquisition programme and debt starting to fall again. 24p for 2019 and a 12p dividend? Shares to rise 250-300p over the next two years? Not forgetting corporate activity in the sector quite likely. Old consensus: Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield 2016-11-30 950.40 20.06 16.00p 13.0 0.5 25% 10.20p 4.9% 2017-11-30 1,130.20 24.97 17.27p 12.0 1.5 8% 10.27p 4.9% 2018-11-30 1,271.87 32.07 22.30p 9.5 0.3 29% 11.03p 5.3%
aleman
24/7/2017
08:30
Yes, too many one-offs (and only two thirds of the new stores included in H1), for me too to be able to say how it's going. Narrative is encouraging though, "On track to achieve results for the full year in line with management's expectations, including an expected material increase in sales and profits in H2 driven by the acquired stores" Analysts meeting at 9:30am today. Trading momentum seems to be with them - both lfl and margin are up slightly. Good dividend yield of 5% at around 205p. Also, some chance of Sainsbury or Morrisons taking a liking to them. So, a continuing hold for me.
ed 123
24/7/2017
08:14
Increased LfLs and claimed margin increase looks very positive but cashflow increase has not come through yet. The rest all looks quite messy, with the integration costs and issues, and will need some consideration. It will probably take a meeting for analysts and some explanations from the company to get a good idea of the underlying picture and I think I might have to rely on forecasts this time, even though I usually like to work it out myself if I can.
aleman
24/7/2017
07:59
Enough encouragement in those interims to sustain a 208p share price?
ed 123
18/7/2017
15:05
207p taken out.
ed 123
18/7/2017
15:03
It's at an interesting point. Is the 207p seller going to add to the order book or have they finished? Does it break upwards or does it fall back?
ed 123
12/7/2017
21:45
One Stop will be relatively easy for Tesco to sell as it basically operates as an indepedenent unit of Tesco rather than be integrated with in the Tesco network.
loganair
12/7/2017
18:52
I've only just spotted that Peel Hunt raised their target price for MCLS from 240p to 300p last month. I'd like to read that report!
aleman
12/7/2017
18:45
Sorry. I think I mixed them up before, too.
aleman
12/7/2017
18:16
Aleman - I've read several reports saying most likely to be 'One Stop' rather than any of the Tesco Express shops which is a much prefered preference by both Tesco and McColl's.
loganair
12/7/2017
14:03
Ta, Aleman. :-) Yep, could be down to that. It does seem likely that there will be more deals done in the convenience store sector. My dream is that Sainsbury or Morrisons bid for McColls. Just a dream, though, atm. 206p was taken out. 207p offer now. Interesting times.
ed 123
12/7/2017
13:34
Http://www.bbc.co.uk/news/business-40579058 Possibly, that means any MCLS deal for TSCO express stores will not be rushed and could be on better terms?
aleman
12/7/2017
13:33
I saw something about the regulator not liking the Tesco/Booker deal so will probbly need changes to go through. Probably down to that.
aleman
12/7/2017
13:14
Still holding and watching, and what do I see? From looking rather weak, the buy side of level 2 has now strengthed. Someone is bidding for shares at 205p. Some good news in the offing, I wonder?
ed 123
10/7/2017
14:19
Edging towards to the top of its 3 month trading range. Not sure it'll break through and not that bothered either. The press have been speculating on talks between McColls and NISA and Sainsbury and Morrisons A few pence up or down at this stage may not be important ultimately. Holding and watching.
ed 123
06/7/2017
11:50
As a holder, I'm inclined to take the optimistic view. Pleased that someone could sell 1.1 million shares into the market at the quoted bid price. Market makers have reacted by widening the spread, as a precaution. This may be an inflection point for the shares?
ed 123
04/7/2017
10:28
Http://www.talkingretail.com/news/industry-news/mccolls-aims-store-acquisitions-09-06-2017/
aleman
02/7/2017
21:14
Nisa takeover: Biggest customer McColl's holds own talks with Sainsbury's by Alys Key. Convenience chain McColl's has entered the fray in the battle of the supermarkets, holding its own meetings with Sainsbury's as the supermarket giant attempts to buy Nisa. Senior executives from McColl's, which is supplied by Nisa, met with Sainsbury's officials on Friday to discuss the potential deal. McColl's currently accounts for almost 40 per cent of Nisa's sales, but could wrap up its contract with the mutual group and strike a new one with Sainsbury's or another big player like the Co-Operative. Nisa has multiple contracts with McColl's, one of which ends as early as next year, while others run through to 2020. A new supply deal between Sainsbury's and McColl's could be worth up to £2bn. Although McColl's is Nisa's largest customer, the £130m offer tabled by Sainsbury's is not thought to be dependent on a continuing contract with McColl's. But some observers have questioned whether the price tag for Nisa could be considered too steep without the income from McColl's. The news comes off the back of suggestions by City analysts that McColl's could be another target for acquisition as supermarkets battle to gain control of convenience stores. Nisa became an attractive prospect after the Booker merger with Tesco prompted rivals to consider other ways to control the supply chain. This week the member-owned organisation unveiled that a turnaround plan delivered profit of £2.8m for the year to April 2017, compared to a loss of £5.4m in the same period last year. Meanwhile Sainsbury's will hold its AGM this Wednesday amid calls from Pensions and Investment Research Consultants (PIRC) for shareholders to oppose the company's remuneration policy saying the potential for executive pay to reach 500 per cent of salary was "excessive". A Sainsbury’s spokesperson said: “We consult with shareholders on a regular basis and are confident that our remuneration policy is appropriately set and encourages long-term shareholder value creation.” In a report released ahead of the AGM, PIRC also advised voting against the re-election of chairman David Tyler on the grounds that he is also chairman of Hammerson and "should focus his attention onto only one FTSE 350 company."
loganair
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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