Report

McColl's - Positioned to Succeed

McColl’s (LON:MCLS) is one of the UK’s leading neighbourhood retailers, with a growing estate of over 1,600 managed convenience stores (80%) and newsagents (20%). The term “neighbourhood” refers to residential locations, for example villages or housing estates, which tend to mean a loyal customer base and little immediate local competition.

This positioning puts McColl’s (LON:MCLS) in the sweetspot of small box retailing, riding the growing social dynamic towards “little and often” shopping. The company has compelling drivers for growth in earnings and cash-flow in the next few years, which we outline in this report.

Underlying
McColls Retail Group

McColls Retail Group is a neighbourhood retailer, with an estate of 1,611 managed convenience stores and newsagents. As of Nov 26 2017, Co. operated 1,279 McColl's branded convenience stores as well as 332 newsagents branded Martin's across the U.K., except in Scotland where it operated under its brand, RS McColl. Co. is engaged as an operator of convenience and newsagent stores.

Provider
proactiveinvestors
proactiveinvestors

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Analysts
Ed Stacey

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