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McColl's Retail - Wholesalers to convenience stores report orders jumping 200%

April 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MCLS
  • Price:
  • 26p
The coronavirus pandemic is obviously ruinous for a lot of businesses and even the better retailers with solid fundamentals, such as John Lewis, have found themselves struggling. One commentator notes that in the last month, non-food sector “store sales fell 90% and online was down 50%.” The only part of retail to be doing well are the big grocers as everyone stockpiles food.  What is usually a quick errand doing the weekly shop last month became a two hour ordeal as I tried to find parking, then navigated the checkout lanes, which were getting packed with hundreds of shoppers, only to leave disappointed because the shelves were cleaned out.  Against that background, I like many found some solace in neighbourhood smaller sto ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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