Mcbride (MCB)

Sector:

Household Goods

Index:

FTSE Fledgling

 21.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 87.00
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 174.02m
  • Volume: 240,078
  • Market Cap: £36.54m
  • RiskGrade: 140

McBride falls to H1 loss as supply chain woes weigh on performance

By Iain Gilbert

Date: Tuesday 22 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Manufacturer McBride posted an interim loss on Tuesday as the group said heightened costs related to supply chains woes had weighed heavily on its performance.
McBride reported an adjusted pre-tax loss of £16.9m for the six months ended 31 December, compared with an adjusted pre-tax profit of £16.9 a year earlier, while revenues slipped 10.9% year-on-year to £323.4m.

The London-listed firm said supply issues triggered by a Covid-19 pandemic-fuelled surge in demand for retail goods had forced it look at raising prices in order to counter rising costs of raw materials, labour and transport. McBride said it was in talks with customers about hiking prices, and highlighted that its entire outlook rests on the outcome of those discussions, inflationary pressures and supply chain disruptions.

McBride added that it expects to return close to break-even at an earnings before interest, taxes, and amortisation level in the final quarter, before moving on to register modest profits in the new financial year.

Chief executive Chris Smith said: "The group is experiencing the most extreme inflationary cost environment probably ever to hit this sector. As we progress through the first part of 2022 it is encouraging that we expect the final quarter of our financial year to see our pricing actions getting closer to maturity and the business returning to close to break-even at an EBITA level and cash-flow neutral.

"The outlook is of course heavily dependent on our actions to deliver the outstanding essential price increases currently in discussion with our customers, as well as other external factors such as the development of input costs and other inflationary pressures, and continuing supply chain disruptions."

As of 0815 GMT, McBride shares were down 5.21% at 45.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mcbride Market Data

Currency UK Pounds
Share Price 21.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 87.00
52 Week Low 15.50
Volume 240,078
Shares Issued 174.02m
Market Cap £36.54m
RiskGrade 140

Mcbride Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.38% above the market average70.38% above the market average70.38% above the market average70.38% above the market average70.38% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Price Trend
94.2% below the market average94.2% below the market average94.2% below the market average94.2% below the market average94.2% 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 Not Available
Growth
76.52% below the market average76.52% below the market average76.52% below the market average76.52% below the market average76.52% 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

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 2
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mcbride Dividends

  Latest Previous
  Final Final
Ex-Div 22-Oct-20 24-Oct-19
Paid 27-Nov-20 30-Nov-19
Amount 1.10p 1.80p

Trades for 17-Aug-2022

Time Volume / Share Price
16:35 1,898 @ 21.00p
15:27 7 @ 20.60p
15:27 1,082 @ 20.60p
14:36 10 @ 22.60p
14:04 200 @ 22.58p

Mcbride Key Personnel

CEO Christopher Ian Charles Smith
Chair Jeffrey Nodland
CFO Mark Strickland

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