Tom Winnifrith Bearcast: £2m coke & hookers money for the City boys, shareholders lose 80% - another day on the AIM Casino
Previously writing on cleaning and hygiene products contract and private label manufacturer McBride (MCB), in February I concluded with the shares at circa 90p that with the net debt and the trading trends, still a bargepole / sell. Now a further trading update – and the shares currently down a further more than 10%, below 70p…
Previously writing on cleaning and hygiene products private label and contract manufacturer McBride (MCB), I concluded certainly at least until there is hard evidence of reignited bottom-line progress, I avoid. The shares were then above 200p, comparing to a close yesterday of 130p – and, on the back of a “Trading Update” today, they’re currently circa 90p!...
A “Trading Update” from household and personal care products manufacturer McBride (MCB) commences that “the group starts its second half year with Household sales growth prospects significantly ahead of expectations”. Good news then? Er, the shares are currently circa 10% lower heading towards 200p…
With shares of McBride it may be acknowledged that there are no prizes for spotting a decent, mature trending situation.
What should we make of the McBride PLC's (MCB) share price have just hit a five year low? With the UK grocery price war showing no signs of abating, brands are fighting for their survival and big brands burn big bucks. And nowhere is this more pronounced as in non-food.
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