1 in 1114 Dec 2018 21:57
People in the U.K visit a mccolls once a week
600 in store post offices
1500 stores
Ebitda 35 million
A third of net assets
Morrison’s alliance
Bought 298 co-op stores recently
Palmer & Harvey fallout over with
Reducing net debt
40 million in cash
Closed stores that were loss making
Made 25 million from a sale and leaeback recently
Dividend is currently 18% (10p)
Only 1 institutional reduction the rest increased over the last 2 months
Will be approached by Sainsbury’s, Waitrose, spar, M&S, Tesco, co-op or more and more likely one if the conglomerate Tabacco companies.
2.55 to 56p since May is way way overdone.