in the mix9 Apr 2022 14:26
as a ley observer to the situation, my thoughts are that Morrisons or the other stakeholders are looking to take control of (buy) the most profitable and amenable stores and leave the rest to McColl's to deal with as an ongoing albeit much reduced enterprise. therefore we could see some kind of offer being made. what value though? bearing in mind this is a good set up for the likes of Morrisons, I personally would fancy something around the 35p + per share mark. you got to look at the value of what's been put together by McColl's over the last couple of years. what for the scraps left over if this does happen, I don't know.. but the value is in the network of stores able to take on the Morrisons roll out and credit should be given to McColl's for getting to that point. just my view into the mix.