At the precise time of writing, the McColl’s share price stands at 2p, down from around £3 in 2017. This gives it a market capitalisation of around £22m, which, for reference purposes, gives it roughly the same value as one of Jack Grealish’s legs.
There’s no doubt that the business is in a degree of instability, which is a shame considering the huge amount of progress it has made in terms of transitioning away from its legacy newsagent and tobacconist roots.
It has around 1,270 outlets, of which 86% are convenience stores, making it one of the UK’s major operators. The company has assured investors it has enough capital headroom to continue with its transformation programme and, indeed, to continue as a going concern.
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