horrible.the half year report sounded rather optimistic(encouraging trends for private label)At that time already branders were fully in the business of deep promotions.I alerted the company in an e-mail that branded products were somtimes cheaper than mb's products or the same price.The marketing department must at the tiller.communication ishorrible.They don't see that their trading statement is partially contradictory- a VERY RECENT unusually strong and PROLONGED period...Raw material prices are favourable the currency is favourable all their competitors have excellent results something must be fundamentally wrong at this company .Their refreshment program gives me a chill
21 Mar '13
Another profit warning
Yet another profit warning. How long can this go on before investors give up on this management team? Look at ABF (Primark) who issued positive news today. McBride should benefit from the same trends but continues to produce appalling results. Investec's share price target looks pretty silly now. This CEO and FD had never been directors of public companies until they were hired by McBride. Thirty simply haven't hit the experience to get out if this mess.
14 Feb '13
McBride: Investec shifts target price from 150p to 154p and maintains a buy rating.
7 Feb '13
McBride: Investec raises target price from 141p to 150p and keeps a buy recommendation.
13 Jan '13
Indeed,it's very disappointing especially with regard to the most recent trends (weakening in core markets in December).I feel the problems the company has had in recent years are the result of Miles' inconsiderate buying spree.He bought companies and production sites only to shut them down afterwards.I think we should give the new management the benefit of the doubt.yet.more sustantial progress could have expected as raw material costs have decreased considerably
8 Jan '13
First half revenues are about the same as they were 4 years ago and adjusted profit 50% down on 3 years ago.. Despite pouring £48m into exceptional items in the past 5 years the underlying profit is well down on historic levels. Where are the £15m of efficiency savings which should have been made after the so called exceptional costs of £48m? The current management seems incapable of driving financial performance in a recessionary market which should favour private label over the brands. Surely it is time for shareholders to react with some decisive action . There is as usual with McBride plently of jam tomorrow but a dismal offering today.
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