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Results: MCB

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EPIC MCB
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McBride – AGM trading update, is trading sufficiently improving?

Cleaning and hygiene products private label and contract manufacturer McBride (MCB) has issued an AGM trading update headlined “Trading in line with our expectations” and including that “the cost of most raw material groups is steadying”. Good news from a current 25p share price?

EPIC MCB
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McBride – banking covenants waiver, but what’s next?...

Cleaning and hygiene products private label and contract manufacturer McBride (MCB) states it is “pleased to announce that our banking group has waived the December 2021 covenant tests”. So why have the shares not responded significantly, at a current 57.6p?...

EPIC MCB
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McBride – further inflation ahead of expectations… with those expectations only announced last month!

Previously writing on cleaning and hygiene products private label and contract manufacturer McBride (MCB), in August with the shares falling below 80p I wrote price increases “challenges” & more. Hopefully our warnings were heeded, concluding there now seems set to be a first half loss and, with the previously noted clear challenges being added to, I question how much confidence there can really be in the suggested second half recovery. Hopefully prior warnings here were heeded and at this juncture still avoid / sell. The shares last closed at 69.4p and are now further lower on the back of an “AGM Trading Update”...

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