Research Tree provides access to ongoing research coverage, media content and regulatory news on Merion Inc.
We currently have 0 research reports from 0
A brief but positive RNS reach this morning. It highlights membership growth surpassing 30k and finalisation of the new supply chain facility. Both developments are further illustration of delivery against IPO plans. Particularly pleasing is the membership metric, which with the busier Xmas period still to come, is ahead of our full year working assumption. We hold off making forecast changes but clearly post today’s membership news, the upside risk has strengthened. We use this update to also r
Companies: Artisanal Spirits Company PLC
MCLS has a leading position in the expanding convenience sector, and a clear growth strategy. Following strong uplifts at recent stores converted to a Morrisons Daily, it has raised £33m to accelerate and expand the scope of the conversion programme. It plans to convert 350 stores (vs 300 target previously) by Nov’22 (a year earlier than the previous plan) and increase the investment in each to c£90k from c£60k to capture a bigger profit opportunity. Sales uplifts range from 20-45% (avg. 20-25%)
Companies: McColl's Retail Group Plc
Companies: Kitwave Group PLC
According to French news reports, Carrefour has turned down an acquisition offer from Auchan – 70% in cash (at €21.5 per share) and the remaining 30% in shares. Reportedly, there were differences over the complex deal structure plus valuation. While it may look like a lost opportunity for Carrefour, we reiterate that such a marriage was risky from a strategic perspective (even if the financial deal was much more attractive). This development also reconfirms the attractiveness of Carrefour’s valu
Companies: Carrefour (CA:EPA)Carrefour SA (CA:PAR)
Walgreens Boots Alliance delivered a strong quarter result surpassing Wall Street expectations across all business segments, reflecting a strong operational performance. The strategic investments that the management are making should enable Walgreens' retail pharmacy business to develop coordinated care models that will assist their customers and patients in successfully managing chronic diseases and achieve better health outcomes. This will also help the company stay competitive against rival,
Companies: WALGREENS BOOTS ALLIANCE (WBA:NYSE)Walgreens Boots Alliance Inc (WBA:NAS)
Carrefour’s Q3 sales performance was a mixed bag. While the LatAm business produced a robust show (despite a tough comparable base), the French operations were mired by some hiccups in the hypermarket format (temporary introduction of the health pass). The retailer will host a Digital Day on 9 November 2021, which could be a key catalyst if management is able to present a convincing strategy to boost the e-com performance (sales plus new income streams). Buy recommendation maintained.