Updates

McBride - Trading ahead and reinstates dividends

February 2025

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.

The shares went into orbit, up 18%, after McBride issued a trading update that said it plans to reinstate its final dividend and signalled its confidence in the sustainability of the recovery. For H1 to 31 December, sales on a constant currency basis were +2.9% with volumes +5.9% and a 3% price/mix decline in an environment of moderating raw material prices. Private label volume growth eased to +2.4% as some consumers are now showing willingness to trade up as FMCG brand owners increased promotions. The strongest volume growth came in contract manufacturing, +69%, as MCB benefited from two new contracts with branded clients. Strong cash generation continued, with net debt falling to £117.6m, down £14m since June. Peel Hunt has upg ...

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Yu Group

Good Energy - Cash bid at 490p; gain in 15 months 185%

McBride - Private label volumes up and contract manufacturing recovers (September 2024)

McBride -Net debt now <1.6x vs 2x expectation (June 2024)

McBride - Barnstorming H1 and a 20% eps upgrade (April 2024)

McBride - Trading at top end of range (February 2024)

McBride - Massive eps upgrade from 5.5p to 15.1p (December 2023)

McBride (February 2016)

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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