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McColl's retail group (MCLS)     

aldwickk - 20 Aug 2015 19:35

Chart.aspx?Provider=EODIntra&Code=MCLS&SMcColl's back in profit and looking to add stores

aldwickk - 20 Aug 2015 20:19 - 2 of 33

McColl's Retail Group swings to H1 pretax profit

McColl's Retail Group has issued its H1 results, the highlights of which are given below:

· Total revenue up 3.4% to £459.3m (2014: £444.2m).

· Like-for-like (LFL) sales1 down 1.9% split as below: LFL sales in food and wine and premium convenience level with last year; LFL sales in newsagents and standard convenience down 4.7%.

· Operating profit before exceptional items £9.6m (2014: £10.0m).

· Adjusted EBITDA2 up by 1.9% to £16.2m (2014: £15.9m).

· Profit before tax £7.6m (2014: loss of £4.0m).

· Adjusted earnings per share3 up 45% to 6.1p (2014: 4.2p).

· Interim dividend per share 3.4p (2014: 1.7p).

· Net debt increased to £47.3m (2014: £36.3m).

· Underlying net debt4 reduced to £35.3m (2014: £36.3m).

aldwickk - 21 Aug 2015 07:47 - 3 of 33

A veteran of the convenience retail sector has emerged as the frontman for a bid to gain control of Morrisons’ smaller stores.

Mike Greene, who has twice been chairman of the Association of Convenience Stores and has held senior roles at Spar and newsagents chain McColls, is understood to be fronting a deal backed by investment firm Greybull.

The Sunday Telegraph first reported that Greybull Capital was in exclusive talks with the Bradford-based supermarket chain. The firm, which rescued Monarch Airlines last year, is discussing a deal for between 150 and 160 of the "M Local" convenience stores which together generate between £250m and £350m in sales.

Greybull is expected to invest tens of millions of pounds into the M Local stores.

aldwickk - 23 Aug 2015 11:10 - 6 of 33

Got stopped out on Friday now been tipped , great. Spread is 3.26 % but when i bought them it was 4%, brokers target around 205p

dreamcatcher - 23 Aug 2015 12:44 - 7 of 33

The sp will most probably go up on Monday. Stops not something I go with .

aldwickk - 23 Aug 2015 14:21 - 8 of 33

It was a spread bet , so i had to have a stop

dreamcatcher - 23 Aug 2015 14:46 - 9 of 33


dreamcatcher - 23 Aug 2015 14:46 - 10 of 33

Frustrating for you.

Perhaps get back in on Monday ?

Lord Gnome - 23 Aug 2015 18:33 - 11 of 33

The yield here is good, but this stock is a value trap. McColls are facing the same headwinds as all the supermarkets, with lfl turnover dropping. The implementation of the Living Wage will also hit them over the next few years. Whilst they can grow profits through their business development plans, they will need to run faster just to stand still. Great if you need income, but I don't see this as a profitable growth stock.

dreamcatcher - 23 Aug 2015 18:40 - 12 of 33

Aldi and Lidl threat ?

aldwickk - 23 Aug 2015 20:06 - 13 of 33

They also get income from renting out flat's above the shop's

aldwickk - 24 Aug 2015 15:12 - 14 of 33

These are holding up well today

skinny - 20 Dec 2016 12:27 - 15 of 33

Worth a look?

CMA approval

McColl's welcomes CMA's approval of transformational acquisition of 298 Co-op stores

McColl's Retail Group ("McColl's"), one of the UK's leading convenience retailers, welcomes today's decision by the Competition & Markets Authority ("CMA") to give final and unconditional approval to its acquisition of 298 convenience stores from the Co-operative Group Limited ("the Co-op") that was announced on 13 July 2016.

McColl's will begin to integrate the stores in late January 2017 and expects all conversions to be completed by the end of August 2017. At this point convenience stores will comprise over three quarters of McColl's total estate, representing the achievement of another significant milestone for the business.

Jonathan Miller, Chief Executive, McColl's said:

"We are delighted that the CMA has approved our acquisition of these 298 quality convenience stores. This is a transformational deal, which substantially accelerates our growth strategy and expands our neighbourhood presence for the benefit of our customers.

"We have a long history and proven track record of successfully integrating convenience stores into our estate, and we expect these newly acquired stores to make a significant contribution to our future strategic plans."

- ENDS -

skinny - 06 Mar 2017 16:28 - 16 of 33


skinny - 25 Jul 2017 11:15 - 17 of 33

Beaufort Securities Hold 214.00 150.00 220.00 Upgrades

skinny - 01 Aug 2017 09:49 - 18 of 33

McColl's agrees groundbreaking new supply chain partnership with Morrisons

Peel Hunt Buy 252.50 300.00 325.00 Reiterates

Liberum Capital Buy 252.50 240.00 240.00 Reiterates

HARRYCAT - 01 Aug 2017 10:59 - 19 of 33

Did you see that one coming skinny?

skinny - 01 Aug 2017 11:01 - 20 of 33

No - I've been dithering on these unfortunately!

It looks like a good deal though?

HARRYCAT - 01 Aug 2017 11:04 - 21 of 33

Getting complicated knowing who owns what....
Tesco own Booker, who supply Budgens and londis?
Morrisons now supply McColl.....
Sainsburys seem to have a trading link with Argos?
Acquisitions via the back door?
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