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Will keep going until selling drys up - That 1,500,000 sell yesterday won't have helped. Needs some form of comms as price will be irrevocable - Heading into the 6's - Over 200% raise to get to recent placing price on news - I think not.
Think most locked in for long haul.
Was funny that, do feel this company is run by clowns.
Wonder how low this share could go not looking good today either.
Made me laugh.
Let’s see what today brings
Dear Mcolls Management,
You dont know me , but you may soon. By my reckoning a few PEq boutiques are running the slide rule over you. You have aspiration to reach higher, You have some interesting innovative ideas about serving the customer, above all you need some fresh talent, a boost of stability which a backer could offer.
Its high time to strut your stuff, reach for the stars, and demonstrate what you KNOW you re capapable of. Dont be shy. your loyal shareholders are waiting, they have been loyal through difficult times and they deserve their reward.
ITS TIME TO CROW VERY VERY LOUD. **** A DOODLE DOO.
well not a good start to my ‘gamble’
but im holding on.
the large falls have already occurred we must be near the bottom now.
come on mcolls some good news would do wonders.
Positives
Sales uplift in Morrison daily roll out formats - Rebranding 'strong' with better than expected ROI
Wholesale agreement extended with Morrisons
Improved cash margin from sales uplift / better more sustainable mix
Roll Out - Full steam ahead and potentially transformational
Store optimisation program completed
CEO has skin in the game - Further £3m invested at capital raise 20p
Market Cap low
Potential takeover target with two of the big players already purchased Morrisons and Asda (Potential VC opportunity if not bought by direct competitor)
Post offices in sites massive plus with reduced high street presence in banks - Impulse spend - Quality supermarket produce/offers
Uber eats Trial
Low amount of free float shares
Negatives
Market sentiment - Share price down from 20p placement at back end of 2021
Debt c£100m
Potential rising interest rates making debt more expensive to manage
Poor/little in the way of market re-assurance from the board
Unknown
Banking facility review
Finalised 21 numbers - Due in March - Although should be in reduced range that was reported
Q1 trading including store conversion numbers / performance
Any initiatives put in place - Revenue generating or cost reduction
I am surprised there hasn’t been an U S interested buyer. Bargain company even with the debt .
Agreed - Poor management of shareholder value
The bigger II musn't be happy - Even on decent news what will we see 10-12p -(Over 50% uplift) Most people locked in
Embarrassing
That’s 10k a store! JOKE
I reached out to every exec on LinkedIn and not 1 has connected….where are they all!?
Tbh if you look back they don’t release any news to March..:but they really need to communicate more! What about Xmas? Mdaily? Anything? Surely they don’t want their stocks this low? Valuation is appalling…£20m?
And with no comms from the board i'm afraid its hi ho hi ho its off to the 6's we go.....
Just don't understand the share price movement since placement.
On the surface looks a screaming buy, can the market be this wrong?
Last statement was in December, saying 400 stores were trialing Uber Eats
https://www.talkingretail.com/news/industry-news/mccolls-reports-sharp-drop-in-revenue-but-good-progress-on-morrisons-daily-stores-08-12-2021/
Source?
Also the partnership with Uber Eats will be a huge success & no real cost to Mccols as Uber provide the. Handsets etc. Weekend mornings bacon cigarettes etc etc & all evening alcohol pizzas takeaway alternatives orders it probably will average 100 orders a day per store average order £15 so £1500 per day x 7 days £10.5k extra per store a week x 500 stores £5.25 Mil extra a week turnover they weren’t getting + people now going back to these shops as many did one big shop as Covid didn’t want to be out so much. Personally I think the future will be strong as they are moving with the times Uber Eats Amazon lots of add ons. It will just take a bit of time but as a long term holder I’m very happy with my punt/investment/calc risk!!
Following on from the 17 (minimum) conversions in February there will be 24 conversions (minimum) in March…big ramp up!
All other M daily sites get a bakery and hot food (independents and rontec etc. and I did overhear a mccolls manager say they will be retro fitted in the future…I’m guess due to price of equipment and labour it’s a no.
Regarding the bakery and hot food, are you sure they all got these last year. My local one didnt get these......
Wondered if there was just a few week gap in January agreed so Morrisons could do a few Elite stores.
I know there are definitely at least 17 sites having a conversion in February. 6 on 9/2 , 4 on 14/2 & 7 on 23/2. But there could be more. They have cut costs in them though as no bakery or hot food being installed now.
The people I know working for Morrisons have been moved across to covert a number of shops for Elite Garages into Morrisons Daily's. It would seem McColls have been put on the back burner for a bit.
Morning. Anyone know if we have started the 2022 Morrison conversions? Gone a bit quiet on that front.