McColl's Retail Group (MCLS)

Sector:

Food Pharmacy Retail

Index:

FTSE Small Cap

42.00p
   
  • Change Today:
    -2.70p
  • 52 Week High: 87.40
  • 52 Week Low: 38.00
  • Currency: UK Pounds
  • Shares Issued: 115.19m
  • Volume: 63,255
  • Market Cap: £48.38m

Peel Hunt upgrades McColl's to 'buy' following Morrisons fascias trials

By Iain Gilbert

Date: Friday 01 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Peel Hunt upgraded convenience shop and newsagent operator McColl's to 'buy' on Friday as it highlighted some of the benefits of the group's move to trial Morrisons Daily fascias in ten of its stores.
Peel Hunt believe the move marks a "highly significant and highly positive development", noting that while the McColl's fascia is popular and evolving, the switch to the Morrisons Daily fascia could "really help densities".

"This could just be the fillip McColl's shares need after a quarter or two in the doldrums: we are confident the trial will work and that the fascia will be rolled out to more stores," its analysts said.

Peel Hunt stated the rebrand might also gave McColl's a "real chance" to see its like-for-like revenues make progress again.

"For a highly operationally and financially geared business, that could be gold dust."

Although Peel Hunt noted results of the trials wouldn't be known for a while, the broker still felt the potential of the Morrisons Daily fascia could be significant and was capable of really moving the dial over the medium-term.

"This is a good opportunity to get behind the shares again, and one that we hadn't seen emerging in the short term," concluded analysts Jonathan Pritchard and John Stevenson.

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MCLS Market Data

Currency UK Pounds
Share Price 42.00p
Change Today -2.70p
% Change -6.04 %
52 Week High 87.40
52 Week Low 38.00
Volume 63,255
Shares Issued 115.19m
Market Cap £48.38m

MCLS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.36% above the market average98.36% above the market average98.36% above the market average98.36% above the market average98.36% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
79.85% below the market average79.85% below the market average79.85% below the market average79.85% below the market average79.85% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
95.57% above the market average95.57% above the market average95.57% above the market average95.57% above the market average95.57% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
85.64% below the market average85.64% below the market average85.64% below the market average85.64% below the market average85.64% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MCLS Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 25-Apr-19
Paid 06-Sep-19 06-Jun-19
Amount 1.30p 0.60p

Trades for 21-Feb-2020

Time Volume / Share Price
16:35 3 @ 42.00p
16:29 1 @ 42.00p
16:20 20,000 @ 42.54p
16:03 4,501 @ 43.95p
13:41 1,000 @ 42.54p

MCLS Key Personnel

CEO Jonathan Miller
CFO Robbie Bell

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