London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
"McBride has announced a Return of Capital whereby shareholders have been issued with 11 interim shares for each
Ordinary share held. The ex-entitlement date is 26th October 2020.
ISA and SIP account holders are unable to convert their Interim shares into B shares. This is due to the B shares being
ineligible to be held in these account types. As a result, each Interim share will then be redeemed for cash at a rate of
GBP0.001 per share.
Accounts are expected to be updated with the cash proceeds on 27th November 2020"
Anyone holding MCB in their ISA account who got this corporate action message?
As I cant convert into B shares, what is the amount I expect to receive on a share holding of 10,000?
Since this is mandatory redemption, will my ordinary shares be sold at market value? and Interim shares redeemed at GBP0.001?
Be grateful if any seasoned investors can shed some light on this. Thanks in advance.
hi, i think the company was tipped by DT about 2 months ago at 60 p so been following alittle
i have never had any experience of a buy back- is this generally a help for the share price if they are removing 10% from the market or is it showing the company cant invest the money better so prospects not so good?
I agree with you.I think that the Shares haven't taken off because of the miserly divi.I had hoped they would pay at least 2,50 for the whole year
I am still sticking with this Company , they are sound and deserve a much higher share price.
they are supposed to Benefit from the covid Crisis and yet the Shares don't move.strange,isn't it?
the fact that Glead has sold a large chunk of their Holding a few days before the trading Statement is rather disconcerting but sometimes big Boys also make big mistakes
Gilead have off-loaded ~ 18m shares! Down from 12% to 1%. Interesting....
I’m expecting dividend payments to resume and also with possibility of 2nd wave infection,
sales may increase . Hopefully a rising SP will signal a recovery in the business.
I wouldn't interpret too much into it, management can't buy at the moment because they are in a closed period ahead of the final results announcement on 8th September.
big funds-invesco,NN-reduce their positions.no Management buys.All this doesn't bode well for 8th of September imo,yet I don't want to sell at a loss at such a low Price.It must be possible to redress the Situation.Am I wrong,I,hope not.
what are you referring to?we have had more than enough bad News recently.
Another haulier change after only 12 months, customer service levels not great, so who is making these decisions, they really need to get a grip and focus on the customers and staff not just changes for changing sake, let's gets back to the core values of 7 8years ago and start making products customers really want as for mainland well!
It's very disappointing that None of the Managers bought after the publication of what is supposedly good News.
Think people are not watching this share, as you say an RNS worth waiting for. Many company's will be showing negative impact from COVID 19. Well done MCB.
Surely that’s the RNS we have been waiting for, profit recovering, net debt reduction, volumes remain higher than expected, input costs down (so margin protected) - directors and large institutions buying
I have been a shareholder in Mcbride for many years and whenever I thought this time the Turnaround is for real I suffered a setback.At present you can't find their dishwashing tablets in my Region /southern part of Germany)it's really disappointing
More patience may be required. Institutional investors are adding and would expect sales will continue increasing .Directors have been buying after their Covid update.
Still cannot understand no upward movement , why is it going down ? We must be selling what is required to stave off coronavirus.
Why no movement upwards , our products are in high demand . Must be good news coming as Directors buying stock in fairly high amounts . Does not make sense .
Declared Type Director Pos. Volume / Price Value
28/04/20 BUY Jeffrey Nodland CH 70,000 @ 58.70p £41,088
28/04/20 BUY Neil Harrington NED 16,932 @ 59.36p £10,051
27/02/20 BUY Jeffrey Nodland CH 90,600 @ 67.91p £61,526
Pity they sold off all the personal care side in 2018, and now planning another uk site closure only one uk site left now out of 8 ten years ago cant see these new lot running, being in uk for long
Good to some upward movement at last. I wonder what sparked it.
Holding quite well, considering the world markets at present.
WHEN I STARTED HERE YEARS AGO AT WAS |
ONCE £2.50 A SHARE,
SINCE ABOUT 2015 IT AS BEEN RUN BY MUPPETS TAKING AS MUCH AS POSSIBLE OUT WITHOUT INVESTMENT BACK IN, IT IS A TOTAL SIN ALL, THE HARD WORKING PEOPLE WHO HAVE JUST BE DUMPED AT A MASSIVE COST