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 Shares Traded Last Trade
  -0.50p -0.38% 129.50p 18,841 16:35:05
Bid Price Offer Price High Price Low Price Open Price
129.00p 130.00p 139.50p 130.00p 139.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,131.78 18.41 12.32 10.5 149.1

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Date Time Title Posts
10/11/201800:09McColl’s Retail Group Plc547

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Trade Time Trade Price Trade Size Trade Value Trade Type
2018-11-15 16:28:42130.00327425.10AT
2018-11-15 16:28:42130.001,5001,950.00AT
2018-11-15 16:03:57130.452,0002,609.00O
2018-11-15 15:25:24130.00200260.00AT
2018-11-15 14:50:59130.001,4721,913.60AT
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Mccolls Daily Update: Mccoll's Retail is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker MCLS. The last closing price for Mccolls was 130p.
Mccoll's Retail has a 4 week average price of 120p and a 12 week average price of 119p.
The 1 year high share price is 290p while the 1 year low share price is currently 119p.
There are currently 115,173,315 shares in issue and the average daily traded volume is 24,530 shares. The market capitalisation of Mccoll's Retail is £149,149,442.93.
wunderbar: Surprised no comments re today's share price fall of 9% - down 12p @ 124p, dropped like a stone in late afternoon trading on very light volume. Given fact there's been no news to accompany this fall looks highly suspicious to me. A sudden decline of this magnitude normally follows a profit warning - maybe news is about to break or perhaps it's just a freak anomaly which will correct itself tomorrow. Whichever way you look at it it seems very odd. I must admit following September's rather bland Q3 update I expected share price to trundle along between 150-160p, instead it's dropped 20% in the space of a month despite the positive spin coming from McColls re revamped food range, improved store layout and new distribution channel. Needless to say the market remains decidedly unimpressed. Here's hoping sentiment improves before xmas.
wunderbar: I've decided to join the party by making some purchases over past week ranging from 134 to 150p. Must confess MCLS only caught my eye when I saw it appear on biggest losers list a few times, peaked my interest and reeled me in. Having done some very loose number crunching I believe the shares are oversold @ 132p. The Palmer & Harvey collapse was a one off so won't impact future profits (funny enough another of my holdings IMB Imperial Brands took a £100m hit on P&H - and they've subsequently recovered quite nicely). Anyway, back to some very basic numbers. First thing to mention is market cap now only £152m - MCLS payed £117m for 298 former Co-op stores (completed July 2017), given they now have 1300 stores are we lead to believe the market is valuing the rest of the estate c1000 stores at just £35m! I dare say MCLS paid too much for the co-op stores (as seems to be the case with most corporate acquisitions), by how much though? Then there's the business itself, the market doesn't seem to think much of it judging by the hammering over past few weeks. MCLS really shouldn't struggle making £20m per annum, p/e now under 8 - given the potential looks too cheap. As for the divi (c8%) this is significantly increasing on a daily basis as share price continues to slide - something's gotta give. As I say, I think this is oversold, it's been given a damn good kicking of late and I'd expect a reversal of fortune pretty soon. Anyone care to comment?
loganair: Retail analyst Nick Bubb said: “The share price is over 20% down this year and it [fell] further after the belated admission from management that the supply disruption to its stores has gone on for longer than could reasonably have been expected.”
loganair: I am surprised to see a nearly 10% fall in the share price considering today Liberum Capital came out with a 'Buy' rating on McColl's with a 300p price target.
walbrock82: Sales grew 19% for the full year and up 28.9% in the quarter helped by the 298 acquired convenience stores. I feel the bad news is McColl’s struggle to grow Like-for-like sales. For the full year, it came in at ONLY 0.1% and, LFL for Q4 is down 1.1% due to bad weather. LFL is important, and grocery businesses should be recovering due to high food inflation, although volume and average basket per customer is unknown. On the whole, the update is mixed, but McColl’s LFL Sales have been negative in the past couple of years. This didn’t deter the share price rising since they made their debut in 2014. It outperformed the other supermarket since then (to see chart, click As well as Net debt rising to £110m or a-third of total assets. I feel the shares will trade sideways for the next three months. We wait for the annual results next year. In the meantime, I have compiled 10 things about McColl’s that an investor should know. For more, click
loganair: Beaufort Securities: Our View: McColl's Q3 performance was strong, with both revenue and LFL sales growth boosting the year-to-date figures. Whilst LFL sales of +0.7% in Q3 has slowed from +1.4% seen in Q2, the latter had benefitted from favourable weather and a weaker comparative (Q2 FY2016: LFL -2.6%, Q3 FY2016: LFL -2.0%). Perhaps more importantly, the LFL performance of recently acquired and converted stores continued to be strong at +2.6% (Q2 FY2016: +3.8%). Looking ahead, the management confirmed that the Group remains on track to achieve full year results in line with its expectations. Having 'refreshed' three convenience stores during the period, the Group said further 20 stores are planned by the end-FY2017. McColl's recently commissioned research with IGD suggests that convenience stores are estimated to continue enjoy strong growth at +18% to £47.1bn over the next five years. This suggests that the demand for convenience is there, becoming increasingly dominated by a smaller number of more sophisticated players that are capable of offering range and buying power that traditional mom-and-pop stores simply cannot. Given its wide and successful experience in identifying and integrating such opportunities amid an inexorable phase of closure and consolidation amongst the UK's highly fragmented base of independents, McColl's can be expected to identify further significant opportunities over the medium-term. The Group's operational scale and customer reach is something that the national supermarkets are also likely to be keen to tap into, in terms of potential mergers and takeovers. Considering this background and recent broker upgrades, share price has increased sufficiently to take the Group's FY2017E and FY2018E P/E multiples to 16.6x and 12.9x, while being accompanied with dividend yields of 3.6% and 3.8%, respectively. This now appears to price in just about all of the near-term excitement and Beaufort accordingly reiterates its Hold recommendation on the Share.
loganair: The above article suggests a possible take over by Morrisons could be the reason for McColl's share price to have risen so rapidly after the announcement of the deal with Morrisons.
loganair: Looking at the share price, the City seem to like the deal with Morrisons.
loganair: 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.”
che7win: This is why I purchased for my ISA: An example of a GARP stock: MCLS It took over 300 CO-OP stores and might take over more stores from Tesco if the Booker deal goes ahead and Tesco is forced to offload some convenience stores. The Co-op takeover has transformed growth out look: MCLS Market cap - £223m EPS growth - next two years, 16.95% and 32.12% - so average 24.5% per year. Yield - 5.5% Share price 200p 2017 EPS forecast: 17.26p, 2018 EPS forecast: 22.8p P/E for 2016 (actual) - 13.15 P/E for 2017 (estimate)-11.24 P/E for 2018 (estimate)- 8.51 PEG - 0.66 (2017), 0.26 (2018)
Mccolls share price data is direct from the London Stock Exchange
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