By Steve Moore | Wednesday 14 July 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Cleaning and hygiene products private label and contract manufacturer McBride (MCB) has made a trading update including “stronger demand for cleaners and dishwasher products in the second half” and “banking covenants on debt cover are expected to be approximately 1.4x, well within our covenant limit of 3.0x. The group continues to have material headroom against its revolving credit facility of €175m”. How does a share price of around 90p look – with it down from above 94p in April and above 135p in early 2019?…
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