BREAKING: The Gervais Williams Miton Small cap fund hurtles closer to precipice in March despite outperformance
Sunday Long Reads: Big Cat People, Cop Talk, Constitutional Authoritarianism, Sharon Stern, Harry Houdini
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.
Search ShareProphets |
Recent Comments |