Member Info for dnd2136

does not say anything about admin

. A potential financing solution is under active discussion with its key commercial partner and lenders which would resolve the short term funding issues and create a stable platform for the business going forward

seller out this week and bounce to 3p plus again imo

theres so much dilution coming here imo

this has besn ramped for 18 months by the same users it was obvious a placing was coming

its tw talking to himself on the other board

plus the asda bros could buy parts of it. full of share muppets this board by the tw crew

yup i have

market sensitive info mate ive been in this game 7 years watch and learn imo

even tomas cook 5 bagged but that was billions debt. 1 bill revenues here getting kept low for morrisons buyout so asda brothers dont buy out of admin. rns wrote in a way to say no value. ive spoke to many people in the know 4p buyout on the way imo

not good for lomg termers but buyout will be 4/5p imo seller out next week 3p plus

watch and learn id take the 4p if it hits 4 bag from here imo

cheap buyout nailed on imo read the articles the asda bros could buy if admin. the deramp rns are there for morrisons cheap buyout. little or no value added to shares was at 4p. 4p is my target thats on the charts.

theres a morrisions take over coming imo. carefull wrote rns to keep the sp low.

If the business were to collapse, however, it would make it much easier for the Issas to swoop for the stores they want. Morrisons would surely be interested in buying the Morrisons Daily stores, but its interest could be further complicated by the ongoing CMA investigation into the CD&R takeover of Morrisons and the potential competition issues raised by its ownership of forecourt operator Motor Fuel Group. So it may instead have to settle for assisting a third party to buy the business and ensure continuity of supply.

all imo of course

"I remain a significant shareholder, and I leave confident that, with its clearly defined, convenience-led strategy and strong partnership with Morrisons, McColl's will continue to play a vital role at the heart of local communities across the UK."

McColl's Retail Group Insider Transactions Over The Last Year

The insider Jonathan Miller made the biggest insider purchase in the last 12 months. That single transaction was for UK£3.0m worth of shares at a price of UK£0.20 each. That means that an insider was happy to buy shares at above the current price of UK£0.009. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

The early move to Morrisons seems to have put McColl’s on the back foot”

Should McColl’s go under it faces a potential loss of around £50m as a creditor. And as well as losing around 60% of sales in the Morrisons wholesale division, it opens up the possibility of hundreds of stores being supplied by a rival, maybe even Asda. Asda owners the Issa brothers and TDR Capital are understood to have approached McColl’s regarding an acquisition of the whole group. They later withdrew, spooked by the prospect of having to be supplied by Morrisons until 2027.

If the business were to collapse, however, it would make it much easier for the Issas to swoop for the stores they want. Morrisons would surely be interested in buying the Morrisons Daily stores, but its interest could be further complicated by the ongoing CMA investigation into the CD&R takeover of Morrisons and the potential competition issues raised by its ownership of forecourt operator Motor Fuel Group. So it may instead have to settle for assisting a third party to buy the business and ensure continuity of supply.

There is much to play out but it won’t be long until the picture becomes clearer. The full-year results were pushed back to May “to allow additional time for banking discussions to conclude”. It won’t be just McColl’s and its staff hoping these talks go well

The Morrisons Daily store conversion programme continues at pace with 69 stores opened in FY22 so far, and the Group continues to work on the previously communicated programme of Morrisons Daily store conversions. The move to convert stores to the Morrisons Daily format is fundamentally reshaping the business into a more profitable and sustainable model in the medium term.

 

"As we discuss with our stakeholders the transformation of our business to a grocery-led convenience offer, Jonathan and the Board have agreed that now is the right time to bring in a new Chief Executive to lead the business into a new phase. In the meantime, we have a strong management team in place to take the business forward, and we are confident in our strategy to capitalise on the opportunity in the convenience sector in the years ahead."

 

Jonathan Miller said: "It has been an enormous privilege to work for McColl's for the last 30 years, most recently leading the business and transforming our offer in partnership with Morrisons. I have worked alongside so many talented and hardworking people and I am enormously grateful for the support I have had from the many thousands of colleagues in the business over many years.

 

"I remain a significant shareholder, and I leave confident that, with its clearly defined, convenience-led strategy and strong partnership with Morrisons, McColl's will continue to play a vital role at the heart of local communities across the uk

 

 

 

 

 

 

 

 

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missionimpossible1: Little or no value being ATTRIBUTED to the groups ordinary shares..... so share price was at 4p and if little value is added then it's north of 4p, if no value attributed then no value added, it doesn't say value would be taken away from 4p. I'm thinking a huge equity raise at circa 4/5p with warrants or a 3p ish offer

its not over till the fat lady sings 3p plus next week on seller out imo

and clearly the seller at it today once clear will bounce hard imo