McColl's Retail Group (MCLS)

Sector:

Food Pharmacy Retail

Index:

FTSE Fledgling

43.80p
   
  • Change Today:
    -1.90p
  • 52 Week High: 86.80
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 115.19m
  • Volume: 158,836
  • Market Cap: £50.45m

Liberum upgrades McColl's to 'buy'

By Iain Gilbert

Date: Friday 28 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum upgraded corner store operator McColl's Retail Group from 'hold' to 'buy' on Friday, citing some "positive signs" in the group's most recent update.
Liberum said McColl's "deserves credit" for the stabilisation achieved in 2019 and its ability to deliver on promises set out at the the time of the firm's interim results.

"The strategy is now more focused, and while it is early days, we are encouraged by some green shoots in H2," said the broker.

The analysts also said they weren't concerned by McColl's dividend suspension and stated the move was "sensible", while work continues to restore balance sheet health.

While Liberum noted that balance sheet health remained "a key risk to watch", the analysts said: "The shares have been harshly punished and we think the risks are now more than factored into the low valuation, which may re-ignite talk around McColl's as an M&A target."

Dividend aside, Liberum said it saw "several signs of encouragement" in the group's preliminary results, with recent trading moving into positive like-for-like territory despite the severe weather in the past couple of weeks.

Its adjusted full-year 2020 underlying earnings estimates increased marginally, based on a slightly more optimistic gross margin improvement. It also noted that McColl's net debt profile should fall quicker than previously, reflecting the dividend suspension and the group's imminent sale of its head office for ?7.3m.

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MCLS Market Data

Currency UK Pounds
Share Price 43.80p
Change Today -1.90p
% Change -4.16 %
52 Week High 86.80
52 Week Low 15.50
Volume 158,836
Shares Issued 115.19m
Market Cap £50.45m

MCLS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.84% above the market average87.84% above the market average87.84% above the market average87.84% above the market average87.84% 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
34.65% below the market average34.65% below the market average34.65% below the market average34.65% below the market average34.65% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income
35.50% above the market average35.50% above the market average35.50% above the market average35.50% above the market average35.50% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Growth
81.85% above the market average81.85% above the market average81.85% above the market average81.85% above the market average81.85% 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

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_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 22-May-2020

Time Volume / Share Price
16:40 55,000 @ 45.01p
16:35 15,750 @ 43.80p
16:09 1,172 @ 45.67p
16:05 2,159 @ 45.67p
15:25 1,000 @ 45.46p

MCLS Key Personnel

CEO Jonathan Miller
CFO Robbie Bell

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