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McBride – further inflation ahead of expectations… with those expectations only announced last month!

By Steve Moore | Tuesday 19 October 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on cleaning and hygiene products private label and contract manufacturer McBride (MCB), in August with the shares falling below 80p I wrote price increases “challenges” & more. Hopefully our warnings were heeded, concluding there now seems set to be a first half loss and, with the previously noted clear challenges being added to, I question how much confidence there can really be in the suggested second half recovery. Hopefully prior warnings here were heeded and at this juncture still avoid / sell. The shares last closed at 69.4p and are now further lower on the back of an AGM Trading Update”…

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