Mccoll's Retail Share Discussion Threads

[sunnybeachboy] 22/2/2019 15:14

Just no stock available any type of buying and this flys

[sunnybeachboy] 21/2/2019 16:37

Closed us at 57.2

[sunnybeachboy] 21/2/2019 15:58

Someone or something trying to wear us down with tiny sells

[sunnybeachboy] 19/2/2019 21:59

Moving up daily 58.8p paid today.

[aleman] 19/2/2019 14:31

This could provide marginal increments to footfall and margin.



Lloyds cashback scheme aims to increase the number of places where customers can withdraw money

In partnership with Visa, the Lloyds cashback scheme will boost access to cash,. It will see local retailers paid to offer cashback to customers in their stores.

McColls has a branch in Burslem - a town of 20,000 with one ATM that charges for cash.

[spectoacc] 18/2/2019 16:41

No one seems to have mentioned the revision to the banking terms. MCLS was starting to be priced for disaster (and at a fraction of t/o), but if they can get back on track - which may well take another year at least - there's now a lot of potential upside.

The fact they're still opening selected new stores is a plus point, as is the change to the product mix, as is continuing to get the supply issues under control, as is the recent improvement in LfL (though one swallow doesn't make a summer).

Would like to see a little director buying now that they're exiting a closed period.

[supercity] 18/2/2019 16:26

You've only got to look at Tesco Net debt 2.7 billionTotal indebtedness 12.7 billion.Lots and lots of retailers have huge net debts- it's not seen as an issue so long as they can manage it.Let's see how the share price pans out over the next few weeks - I am looking for a steady recovery.

[loganair] 18/2/2019 16:02

What I would like to see is for McColl's to divest itself of as many of its newsagents as quickly as possible, I would think many of which are loss making.

In 2017 McColl's had 332 newsagents which have been reduce by 29 down to 303 by the end of 2018.

Hopefully McColl's are able carry on reducing at a similar rate would mean a reduction of 50% in the next 5 years down to around 150 newsagents.

[wynmck] 18/2/2019 15:58

IC moves to Hold from Sell

[loganair] 18/2/2019 14:54

Russ Mould at AJ Bell said: ‘The convenience store operator will be glad that its 2018 results are finally published as it will allow the business to move on from what was a terrible year.

‘McColl’s looks to be doing the right thing. Its net debt is coming down rapidly, it is investing in its business to keep stores looking fresh, and it is getting rid of underperforming outlets.

‘Furthermore, it is boosting the number of stores offering hot food and coffee and has added Subway counters to 23 sites.

‘Unfortunately many of its rivals are also strengthening their proposition, meaning that 2019 is not going to be a breeze for McColl’s. It needs to accelerate a shift into higher margin products to give its earnings some sort of cushion if new problems emerge. At the moment its operating profit margins are wafer-thin, leaving no room for error.’

[loganair] 18/2/2019 14:49

sand - Much of the debt was taken on to buy the Coop stores.

[sunnybeachboy] 18/2/2019 14:08

Nearly all companies have debt that is serviced every month

[sandcrab2] 18/2/2019 13:57

Has this huge debt been loaded on the company by 'financial engineering ' spivery?

[kazoom] 18/2/2019 13:39

Where do you get the figure of £60m cash in bank?

It's £28m according to the accounts. And besides there is the small matter of £127m gross debt.

[aleman] 18/2/2019 13:14

The irony is you might lose more money from the police closing the store to investigate than the criminals get away with.

I doubt robberies make much difference. LfLs turning positive is much bigger news - and in a period that included "dry January" as well. Momentum is improving again.

[sunnybeachboy] 18/2/2019 12:40

Loads of investors get robbed on the stock market every day any difference?Cash in bank 60 million Mkt cap 65 million

[stampylong trader] 18/2/2019 12:36

This one happened this morning - they took the safe according to this report.

hxxps://www.dailyecho.co.uk/news/17440268.masked-men-carry-out-robbery-at-mccolls-in-bitterne/

[sunnybeachboy] 18/2/2019 08:30

Bid 56.2Ask 57.8

[skinny] 18/2/2019 08:29

Feb 2019 Peel Hunt Hold 57.12 80.00 Reiterates

Liberum Capital Hold 57.12 100.00 50.00 Reiterates

[bookbroker] 18/2/2019 08:24

Frankly these sale and leaseback deals do little to secure the business, indeed they weaken it, they would be better to close weaker stores as their lease terms come up for renewal, ok so the sold stores to lease may be in prime locations, but that is why the debt is down but with retail as it is probably better to look to maintain a strong balance sheet!

[hamidahamida] 18/2/2019 08:18

On a positive note LFL sales up also paid off around GBP50 Million debt and the thing that caused the big problem last year is sorted

[sunnybeachboy] 18/2/2019 08:13

To be honest I can see big guns now buying up cheap stock

[danny baker] 18/2/2019 08:11

Net cash from operating activities of £61.8 million is highly misleading and comes from the cashflow statement. About £50 million of this is paying creditors later. The balance sheet is shocking with huge intangible assets despite the business making a miniscule profit. I can see any remaining institutions baling out and private investors picking up the shares for the yield.