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Will McColls have to do ANOTHER placing after today’s dismal warning? Do the maths!

By Tom Winnifrith | Wednesday 17 November 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.


In August, McColls (MCLS) raised £33 million gross in a placing and open offer. Natch the crony capitalsts snaffled almost £3 million of that in fees which is perfectly understandable. FFS: Do you know what inflation is running at for upper class hookers and pure Charlie?  Today there was dismal profits warning which begs the question of whether another bailout will be needed. Let’s do the maths.

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