The Lemon Fool

jackdaww wrote:

Dod101 wrote:
Smallish companies can do well but on principle I would not buy into McColls because I think anything in the retail sector is a no no. .

dod

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i hope you're wrong on retail though - i hold conviviality , card factory , greggs, games workshop , all have done well.

not so good with moss bros and ramsdens , but no disaster there as of yet .

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since then , card factory has taken a hit from the market , which doesnt like retail at present .

i plan to add at this level depending on results due end january , the yield is about 5% .

moss have also fallen again - may sell these .

OTOH ramsdens have picked up and games workshop are holding up - still yielding 5% .

ps . none of these are in the carillion camp.

jackdaww wrote:since then , card factory has taken a hit from the market , which doesnt like retail at present .

i plan to add at this level depending on results due end january , the yield is about 5% .

CARD's annual results are scheduled for release on 10 April.

FWIW, I think the recent share-price slump was an overreaction. If CARD's underlying EBITDA for the current fiscal year were to come in at £93 million, the bottom of the range specified in the post-Christmas trading statement, that would be down all of 5.6% from the prior year - hardly the end of the world. The company is generating lots of cash and like-for-like store sales rose 2.7% in the fiscal year's first 11 months, which seems like a credible performance to me in the current consumer environment. It was also positive, in my view, to see directors/connected persons wade in after the decline and spend almost £100,000 to buy CARD stock.

the SP is down 10% today , seemingly mostly due to the P&H collapse.

i see that as a one off , so topped up today at 225 having bought in 2015 at 140.

the integration of the acquired coop stores seems to be ok , as does the morrisons supply agreement .

dividend raised a bit , still yielding 4.5% .

i cant see the people who use these stores switching to the internet , these small shops are part of their lives , and possibly its a growing trend.

jackdaww wrote:

jackdaww wrote:

Dod101 wrote:
Smallish companies can do well but on principle I would not buy into McColls because I think anything in the retail sector is a no no. .

dod

=====================

i hope you're wrong on retail though - i hold conviviality , card factory , greggs, games workshop , all have done well.

not so good with moss bros and ramsdens , but no disaster there as of yet .

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a surprise profit warning from conviviality has wrecked the share price .

fortunately (for me) i sold out earlier , ( i should have said ) because of negative comment from some commentators.

Not looking promising.

https://news.sky.com/story/convenience- ... e-12551995

"McColl's Retail Group, one of Britain's biggest convenience store chains, is racing to secure new funding to stave off a collapse that could put thousands of jobs at risk. Sky News has learnt that McColl's is working with advisers on attempts to find a buyer or third parties willing to inject fresh capital into the business. City sources said this weekend that McColl's had a matter of weeks to secure new funding, with millions of pounds of its bank debt being sold to hedge funds and few obvious options to guarantee its future."

monabri wrote:Not looking promising.

https://news.sky.com/story/convenience- ... e-12551995

"McColl's Retail Group, one of Britain's biggest convenience store chains, is racing to secure new funding to stave off a collapse that could put thousands of jobs at risk. Sky News has learnt that McColl's is working with advisers on attempts to find a buyer or third parties willing to inject fresh capital into the business. City sources said this weekend that McColl's had a matter of weeks to secure new funding, with millions of pounds of its bank debt being sold to hedge funds and few obvious options to guarantee its future."

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i did sell out of these many years ago , at some loss , but quite a lot was salvaged .

looks dead in the water now .