ND was £7m higher than forecast due to 1) 20 more Daily conversions, and 2) a £5m bigger w/c outflow. The former should deliver EPS upside and the latter should reverse when availability recovers. Today’s update offers encouragement on that, and further key positives on the scope and payback of the Dailys which should provide some support for the shares on just 3x P/E.
08 Dec 2021
Strategic progress, and through worst of availability
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Strategic progress, and through worst of availability
McColl's Retail Group Plc (MCLS:LON) | 0 0 0.0% | Mkt Cap: 2.59m
- Published:
08 Dec 2021 -
Author:
Matthew McEachran -
Pages:
3
ND was £7m higher than forecast due to 1) 20 more Daily conversions, and 2) a £5m bigger w/c outflow. The former should deliver EPS upside and the latter should reverse when availability recovers. Today’s update offers encouragement on that, and further key positives on the scope and payback of the Dailys which should provide some support for the shares on just 3x P/E.