Previously writing on neighbourhood retailer McColl's (MCLS), I concluded with the shares having risen well above 40p that the ‘opportunity’ here has been somewhat reflected with the shares having recovered from below 20p and also above the sub 40p of the start of the year though the news flow continues to suggest it worth looking out for following financials. Today a “Full Year Trading Update”... and the shares currently 15% lower on the back of it to 26.5p. Why?...
Updating yesterday on neighbourhood retailer McColl's (MCLS), I concluded ‘I suggest the CFO leaving for another role not part of the “building foundations for success” but the “increased customer demand” does perhaps offer the company an opportunity’. There have since been two “Director/PDMR Shareholding” announcements...
A “Directorate Change” announcement from McColl's Retail Group (MCLS)… “Robbie Bell has informed the board of his decision to step down as Chief Financial Officer and from the board”...
UK convenience retailer, McColl's Retail Group (MCLS) has updated with a headline “Building foundations for success”. The shares have currently responded to around 37p – circa 14% lower!...
Back in early December I expressed my pessimism about the shares of convenience store operator McColl's (MCLS), which have sunk from around 250p a year ago to around the 55p level today. Today's numbers are striking in the sense that everything remains difficult...but inevitably it remains hopeful…
I reckon the heyday for McColl's Retail Group (MCLS) was in the 1970s and parts of the 1980s and since then it has been all about trying to get by. The big problem is that the world of the corner shop where you would pop for a pint of milk or a loaf of bread, the daily newspaper, penny chews and the like has moved on. Convenience has become a bigger theme in a 24/7 world, but it is one which is now fully embraced by both the big supermarkets and the world of delivery. Meanwhile going into a McColl's store has not changed that much over the last thirty years.
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