Mccoll's Retail Share Discussion Threads

[paulcarrm9mx] 17/2/2020 07:23

Hi were did you get the info about mccolls head office. Is there an official Web page.

Cheers

[newsboy1] 13/2/2020 11:17

2019 Results to the city 26th Feb.
I'm buying in more now, I can see this moving back well above 50p next month.
200 shops to sell, 100+ to close strips out the losses and their costs.
200+ more Morrison Daily facias on the old Co-ops means revenue replaced from closed/sold sites.
Presumably new COO to be appointed soon = more forward momentum.......

[bigtommy] 11/2/2020 08:16

2019 results and interim results in a few weeks...

I still have a feeling something big is coming, takeover etc..

[neilyb675] 10/2/2020 20:02

Spike at close.

[loganair] 31/1/2020 22:10

200 plus of these stores are going to be the loss making Newsagents with I believe a further 100 to 150 smaller poorly performing stores to be closed when their leases run out.

It seems sensible to me to reduce the opening and staff hours of these stores and I have also noticed that McColl's are spending no money on these stores which in some cases are now really looking very dilapidated - which again seems to me to make very good sense.

While these stores are being closed McColl's are likely to open 30 far larger and profitable stores leaving them with an estate of around 1,200 fair to good sized and profitable convenience stores.

[davejones88] 31/1/2020 21:20

Mccolls are closing and selling 400stores and reducing staff hours. There stores will not operate at the rate they are going with these continued cuts.

[loganair] 27/1/2020 19:53

I understand the the trial of the first 10 Morrisons Daily began in April 2019, which was 9 months ago with the announcement of the trial being made at the end of February 2019.

They may be calling this set of 20 as a trial, just using the word trial instead of conversion.

Not all the nearly 300 stores bought from the Co-op maybe big enough to be converted into Morrisons Daily format.

[cliff edge] 27/1/2020 19:10

The part that does not make sense is the extension of the trial, there have been 10 stores on trial for over a year now, this is more than sufficient time to trial any concept and quite honestly you know within a month in convenience retailing whether something is working or not, especially when 80% of your customers live within 1/4 mile of your store. Given that they have had a whole year to test and trial the format and add further stores at anytime throughout that year from the other hundreds of sites that they have, the announcement comes that 20 stores will be crammed into an 8 week conversion period during January and February, that's not a trial that's an extension of the conversion to Morrisons Daily format, and whilst they are the first of the ex CO OP stores (previously supplied by Nisa) there are another 200 plus of these all of which will be ending their supply arrangements with Nisa shortly. and yes I can understand Potts not wanting at this stage to announce the conversion of 200 more and the effect on the share price at MCLS, but the year end announcements from either side will be interesting IMO.

[bigtommy] 27/1/2020 17:49

Both parties are just as reliant on each other, there would be no viable Morrisons Wholesale without McColls and McColls would be back to the P&H days without a workable delivery partner.

I expect McColls are keeping a good relationship with Nisa (even with the stores eventually moving over to Morrisons) incase the worse happens....what happens when Morrisons want to implement a price increase....

[aleman] 27/1/2020 17:42

You're reliant on us now. Accept our bid for peanuts or we'll stop supplying you. Sounds about right.

[loganair] 27/1/2020 17:39

What Morrisons may be doing makes perfect sense to me.

It will take a few good months to get these 20 stores up and running as Morrisons Daily so why announce any more stores to be trialed. Once up and running we may see another announcement of a further 20 stores to be trialed.

If McColl's announce in one go that 250 stores are going to be trialed as Morrisons Daily then they are all but saying they are looking at a take over leading to a significant increase in McColl's share price.

However by doing it the way Morrisons are, gives further time for McColl's to continue to close their newsagents and poorer smaller performing stores.

I still think if Morrisons do make a move they'll wish to wait until at least another 100 or so newsagents have been closed and will also give them the time to see how well the sale of Safeway foods in McColl's has done.

[cliff edge] 27/1/2020 16:55

As previously posted all of these petrol stations are within close proximity to a Morrisons store with a petrol station, so there is a clear conflict for future trading IMO. I completely share the view re. non appointment of successor for the Chief Operating officer, a major role in any organisation to leave without an appointment! I find it interesting that Morrisons had a shake up at Executive director level within the past few weeks? and still not forgetting the grant of change of use planning application for Mc Colls head office to 55 residential properties (Sep 2019).
I always thought that MRW would wait until the supply deal with Nisa came to an end on the 298 ex CO OP stores before completing the deal, the announcement by CEO Potts recently to extend the trial of Morrisons Daily conversions to just 20 more stores does not make any sense to me, if "sales are strong in the Morrisons Daily stores" then surely you would convert all of them? What do you do with the remaining 250, convert them to a poorer performing format?
Mc Colls announce preliminary end of year results 26th February, Morrisons announce 18th March.

[neilyb675] 27/1/2020 13:29

greats mind etc on the departure and non appointment of successor

[aleman] 27/1/2020 10:14

Great. Another little bit off the debt and another possible sign of readying for takeover.

[loganair] 27/1/2020 09:55

Six petrol forecourt sites have been sold off by the neighbourhood retail giant McColl’s.

With just seven forecourt sites among its 1,550 managed convenience stores and newsagents, the fuel side of McColl’s operation was a tiny part of its overall business. Six of the sites sold Gulf Fuel with the other supplied by Jet.

It has now sold four sites to Harvest Retail, one to Penny Petroleum and one to Roadside Welcome. Five of the deals have already completed with the sixth due for completion on February 24.

It has not disclosed its plans for the seventh site.

[spectoacc] 27/1/2020 09:42

Ha ha can't say "t/o" the first thing I thought of - you'd think he'd stay until his share options maxed out if any t/o imminent.

It'll come eventually I'm sure, but would be surprised if it was this year.

[aleman] 27/1/2020 09:41

We need some new faces. Not being replaced on the board - possible sign of takeover coming?

Dave Thomas, Chief Operating Officer, to retire from the Company

McColl's Retail Group plc (the "Company") announces that, after 23 years at the Company, Dave Thomas has confirmed his intention to stand down from his role as Chief Operating Officer, and also from the Board.

Mr. Thomas will step down from his roles with immediate effect but will remain available in a consultative capacity until 6th April 2020, at which point he will retire from the Company. Accordingly, Mr Thomas will not stand for re-election at the forthcoming Annual General Meeting on 3rd April 2020. The Company does not have any immediate intention to replace Mr. Thomas' position on the Board.

[sentimentrules] 17/1/2020 11:21

Nice move so far today

Got to be news coming

[hardupfedup] 16/1/2020 12:12

in auction ... again lol

[sentimentrules] 16/1/2020 12:01

Convinced move is on

look at that morning tech data

its stunning

[sentimentrules] 15/1/2020 13:26

Agree on that - seen it a few times. But never the money as is here. Anyway all a guess for now. I guess, no news in the next 1-4 weeks, will put it down to as you say

[loganair] 15/1/2020 12:59

Same thing happened with the miner Serabi. The shares where at around 50p. A 5% holder sold down their stake and the shares dropped very quickly to 23p.

As soon as this seller was done, the shares rapidly rose back to 50p.

[sentimentrules] 15/1/2020 12:51

Doesnt explain it.. still need buyers after they stopped selling wherever

Could explain say, retail thinking, "seller stopped - buy"

but it doesn't bring funds in

I was negative under 40p -

the money that came in was staggering and during price not moving hence i ordered 41.5p

Really far more to this but we wont know until released. Some group(s), has a major interest

Also, price popping up 40% in a stock with not great fundamentals looking forward, should sell off fast

the market is happy with 40% in a hot stock. Book out much faster here. They haven't