Mccoll's Retail Share Discussion Threads

[kazoom] 28/8/2019 22:48

The richest man in Estonia

[loganair] 28/8/2019 20:18

The richest man in Estonia bought a 10% stake in McColl's less than 2 years ago for 275p per share....so he must of thought there is a long term bull case for McColl's

McColl's are slowly closing their loss making Newsagents when their leases expire and opening far larger and profitable stores. There is also the two deals they have done with Morrisons which when McColl's have almost completed their closure of newsagents and smaller stores, maybe bought out by Morrisons.

[kinwah] 28/8/2019 19:31

I'd expect the figues tomorrow to disappoint. Summer weather has been mixed which will have hurt soft drinks sales. I still can't see the long term bull case.

[bingham] 28/8/2019 16:45

3rd 1/4 figures tomorrow.
Should be interesting.

[spectoacc] 28/8/2019 16:36

Amazed it's breached lows - perhaps going lower yet, not sure what will reverse it. Still hold.

[aleman] 17/8/2019 13:17

Most food retailers' balance sheets are poor. They get food delivered and sell it in a week but don't pay back the cash until a couple of months later. This generates lots of cash but they immediately spend that on capex, expansion or just waste it. They then end up using this week's food revenue to pay for food bought 2 or three months ago, so your balance sheet is down 2 or 3 months turnover. It looks poor but most do this. It's normal. It does mean little buffer for weaker players but it does not mean they ARE a weaker player. That has to be decided eslewhere in the accounts.

[loganair] 17/8/2019 10:21

Most retailers balance sheets look like a car crash.

The most important thing for McColl's in my mind is for them to keep reducing the number of Newsagents and smaller stores which are loss making and to open larger stores that are profitable.

In the past 5 years McColl's have reduced their number of newsagents from around 520 to around 270 today and are still reducing at a rate of 40 to 50 a year as their leases expire.

The average size of a stores they close is 1,000 square ft, while the average size of new stores is 1,700 square ft with 2.5x the turn over.

[jbarker5555] 17/8/2019 09:53

SJ - Agreed, NTAV -£100m. I think it's quite something that out of a 130 page document for their annual accounts you don't get to the balance sheet until page 121 !! Maybe they're hoping that someone at Morrisons can't be bothered to read the whole thing before making a bid! ;)

To clarify I hold a small position here :)

[sbb1x] 17/8/2019 02:01

Only 17 trades all day WTF

[sailing john] 15/8/2019 12:28

Not looked at this before - but the balance sheet looks like a car crash to me.
SJ

[loganair] 15/8/2019 12:26

Disagree - as McColl's have reduced their number of newsagents from 520 in 2014 to around 275 today and this number is still decreasing as there leases expire by around 40 to 50 per year.

All the new shores McColl's are opening are their largest with triple the average turn over.

[imnotspartacus] 15/8/2019 12:15

A new low of 46.3p next stop 30p

[hpcg] 15/8/2019 12:12

I'm out, taken my losses. Someone much bigger than me is desperate to leave. I have no idea if they know something I don't but I don't feel the need to second guess that.

[lukehold] 14/8/2019 23:26

The next set of results will show you, get in or get out. Just don't mention HMV

[lukehold] 14/8/2019 23:23

Of course not, but when it's 1.25bln of your goods (Morrison's) and you get improved margins and economies of scale it makes a lot of sense. HMV and Woolies were dead long before the doors closed. Convienience isn't going out of fashion, you can't yet download milk. Sure online delivery s and Lidl are doing well, but a trusted local shop for bits you've forgotten isn't going anywhere, they actually compliment each other.

[loganair] 14/8/2019 23:15

Turnover doesn't matter, just look at HMV with £3bln turnover and Woolies with £2bln.

Profit and percentage of debt being carried are the only things that really matter.

[lukehold] 14/8/2019 22:40

Very undervalued, a 14k sales on low volume that's all it was today. £150m to add 1.25bn to your turnover, looking cheaper and cheaper for Morrison's.

[imnotspartacus] 14/8/2019 22:29

Below 50 coming
The chart looks a shocker

[pj fozzie] 14/8/2019 22:22

I really don't understand today's drop. I'm so underwater on this one. :-(

Cheers, PJ

[jbarker5555] 09/8/2019 23:53

They could be just 2 sides of the same trade IMO :)

[neilyb675] 09/8/2019 07:24

one more time...lol

He'll have too seen as he bought his shares when they were at their highest

[ashton01] 08/8/2019 18:22

He'll have too seen as he bought his shares when they were at their highest

[ashton01] 08/8/2019 18:22

He'll have too seen as he bought his shares when they were at their highest