Mccoll's Retail Share Discussion Threads

[apfindley] 08/5/2022 14:14

I wasn't sure if there were any, as I wrote (if there's any). But they would be first to be serviced if there were any.

[apfindley] 08/5/2022 14:12

Oh dear Global. So I'm just like spencerjames as you said the exact same words to him since Friday.You've clearly lost a huge packet on here by blindly following the pumpers.You've become neurotic. Rip mccolls.

[rookieswingtrader2020] 08/5/2022 13:59

Interesting, fair enough; but just to help me understand it legally: Surely "getting the whole of" will technically involve "buying" (legally speaking), i.e. offering cash consideration to buy the entire issued share capital? But of course it could be an absolute pittance just there to serve as "consideration" for contract law purposes, eg £10.00 (ten pounds) for the entire company, meaning that each individual share would attract less than 1 penny in consideration and that (even aside from that) the administrators would probably be under no obligation to seek to distribute the £10.00 among the existing shareholders, because the admin costs would be totally disproportionate. Something like that? Unless the company is actually liquidated, then the shares will presumably still exist and so would need "technically bought" by someone, even for an absolute pittance.

[cliff edge] 08/5/2022 13:52

Accountancy firm PWC are expected to be appointed as administrators when the courts re open on Monday, any sale could only be completed once administrators have been formally appointed.

[global_specials_real_dad] 08/5/2022 13:45

Apfindley scum

This Troll claims to buy low and sell high.

[global_specials_real_dad] 08/5/2022 13:42

Poor apfindley has lost all his universal credit for this month now he’s broke and winging like a fenni

[semper vigilans] 08/5/2022 13:05

Sad for shareholders but there must be a fair few small landlords also getting hit.

[apfindley] 08/5/2022 12:41

Finally . Finally someone else who understands.BONDHOLDERS are in control as the top tier creditors. Either those bonds already (if there's any) will have first rights to buy or rescue. If none, then new investors will buy mccolls and new Bonds will be issued as the highest tier of creditor and take a minimum of 80% control (although its likely to be 95-100%) leaving shareholders with sweet F.A.

[loganair] 08/5/2022 11:21

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.

[loganair] 08/5/2022 11:14

a2b - Nobody is going to offer anything per share to buy McColl's, it is the bond holders and creditors who are now in control.

Issa/ASDA offered to pay off McColl's debt in full in return they get the whole of McColl's.

Morrison's offered to take on McColl's debt in return for getting the whole of McColl's.

[letmepass] 08/5/2022 10:55

It's too late for that. It's in administration.

[barnes4] 08/5/2022 10:55

Gamblers anonymous for you a-2-b
You simply will never learn and therefore squander away the family silver

[a_2_b] 08/5/2022 10:45

I wonder if morrisons will make a injunction and offer a better bid, doubtful but I'm surprised they let some good retail slip away so easily. If they made a silly offer to take the company over it would be a different story now just a few pence a share would of done it just mere pocket change to them. Let's see what tomorrow brings.

[vaston] 08/5/2022 09:54

Mr blue wtf you doing here then lol, having joy from others loss ? = c-nt

[mrblueface] 08/5/2022 07:42

Yes i am a c-nt PMSL i only touch crypto now not shares. Current crypto crash is ideal to accumulate if you have done your research

[buywell3] 08/5/2022 07:22

buywell3 10 Aug '20 - 22:17 - 2284 of 5931 Edit

============== buywell tells a Doggy Tale ===============


What we have here is IMO a reversed 'tail wagging doggy story'

As you ladies are all aware the Dog is not MCLS

If as many have eluded to , you want the Dog to buy you , then as logan has posted and buywell agrees , due to the present state of the market and continuation of Covid-19 in 2021 and beyond affecting previous buying pattern/s plus lease issues and from the results a Net Debt that closed the period at GBP284.3m.

McColl's is not a very tasty morsel

However one might imagine that the closure of certain selected stores would perhaps increase sales in those areas to certain competitors.

If a takeover should happen --- the chart suggests that say in 2021 the share price will continue to fall ie is in a strong down trend -- let the trend be your friend / don't try to catch a falling knife --- olde but decent rules to heed IMO .

Any acquirer might after seeing the way stores had been sold off / leases closed etc , when say perhaps the share price was 17p or less ---- consider some of their shares plus a bit of cash to acquire the bit left if it was their bone of choice. (ie Dog Bone).


free stock charts from uk.advfn.com


Dog had a total reported Debt itself of 2.72 Billion pounds for 2020

2021 Debt becomes a BIG problem for everyone IMO bigger than ever was before , even countries like America are going to buckle under the strain of it with 200% Debt to GDP ratio --- so any deal won't have much meat to add to that bone IMO.

Some of McColl's BOD might get lucky and still keep their jobs however

imo dyor

[vaston] 07/5/2022 23:52

Definitely gloating then lol

[vaston] 07/5/2022 23:13

Are you gloating?