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McBride - Barnstorming H1 and a 20% eps upgrade

April 2024

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:
  • MCB
  • Price:
  • 99p
McBride has just released its H1 results to end December and at the same time said favourable market condition trends for private label are  expected to continue - so much so that it expects to exceed full year expectations by 10-15%. Private label share in the overall household cleaning products market in Europe is estimated to have risen to c.35% by volume as consumers continue to turn to supermarket own brands to reduce grocery spend, and by partnering with 90% of all European supermarkets, McBride continues to take share. Its private label volumes grew 10.1% in the latest period (whilst total volumes grew 6.4%) making it the largest private label producer in Europe with a 50% share, >3x its nearest rival.  Gross marg ...

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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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