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B&M European Share Discussion Threads
Showing 126 to 148 of 150 messages
|There are 4 separate B&M stores in the area around my home in North Wales. There are also a number of competitors, Home Bargains, Poundland, Poundstretcher etc. I visit all of these from time to time, mainly for catfood and bird food.
The B&M stand out as always being by far the busiest. Together with the huge range of Christmas related stock I see in the stores, I have a feeling these shares are grossly undervalued at 250p and a regrading by the market is overdue.|
|Among the mid-caps B&M European Value Retail continues to rise following Tuesday’s update, adding 10.9p to 255.9p as Jefferies moved from hold to buy with a 285p target. It said:
We believe B&M’s 33% share price fall since peak provides a buying opportunity. We think B&M is well positioned for a tough UK consumer environment and Jefferies’ latest consumer survey results support our view that B&M can gain market share and maintain resilient margins.
|Hi, I wrote an article on B&M, which can be found here:
|Tipped by A J Bell in the Telegraph.
B&M European Value Retail
A significant fall in its share price over the past 12 months, from 335p to 235p, means that B&M European Value Retail could itself now offer a bit of value, although there are considerable risks.
The biggest danger is posed by the plunging pound, as B&M sources most of its non-food offerings from Asia, paying in dollars and selling in sterling. Another risk is posed by the acquisition of Poundland by Steinhoff, a South African firm, which could heat up competition in the budget arena.
More positively, B&M is generating rapid volume growth, has a German business that can at least reduce the worst of the currency hit and is very cash generative. The company, a member of the FTSE 250, has a dividend yield of 2.4pc and even offered a special payment last year, a trick that Peel Hunt, the stockbroker, believes it can repeat.
In addition, if the British economy does slow, B&M’s discount credentials mean it will be well placed to benefit from any belt-tightening and trading down by consumers. Any rally in the pound would also be a welcome boost.
Questor says: speculative buy
|Phil Thanks for the info, I can't make my mind up with bme. I'm not sure a store like bme could pass on rising costs like the weak pound(when hedging ends), increasing business rates and minimum wage.I do like the shops though so would buy lower down.|
|Tony Shiret of Haitong Securities really doesnt like B&M
The key issue here is whether we are looking at a sustainable longterm
growth story or whether the growth is being forced out of the
model by over-expansion, with growth masking a less robust
underlying proposition than investors currently believe. We have
modelled the performance characteristics of the latest larger store
openings and conclude that these are nearly 20% less sales
productive than the group’s existing UK stores, resulting in EBITDA
only being 10-15% higher than for existing stores despite 60%
greater space and roughly double the invested capital. Rent as a %
of sales appears to be nearly 7% against 4% for the existing stores.
We have also tested B&M’s pricing credentials in Grocery – c.47% of
UK sales – and found that while it achieved a 16% lower price on
branded product, in our samples the lowest B&M price was 40%
more expensive than Aldi/Lidl and 35% more expensive than
grocery own-brand generally. B&M does not have own-brand in
grocery and has benefited in our view from the food retail majors’
pricing activity being focused on fresh food, which B&M hardly sells.
In anticipation of the 15th November interims we would expect the
main interest on reporting to be the company’s evaluation of its
buying position relative to a much weakened sterling. Its nonGrocery
product (just over 50% of sales) is largely imported from
China. Clearly the LFL position in the UK will also be a significant
disclosure with last reported 1Q LFL benefiting from a change in
definition at headline level
50% of the tat comes from China — no surprise there i guess
We have reduced our estimates for March 2017 and 2018 by 6% and
18%. We now expect minimal eps progress for 2017/18E and
2018/19E. We retain our Sell rating and have reduced our Fair Value
by 21% to 190p reflecting principally DCF.
|I'm tempted as well, still watching atm|
|Jumped in today, value here I feel|
|Goldman Sachs has set a buy rating with target price 300p|
|Going stronger and stronger! Positive.|
|Good work cabreado , I bl^^dy hesitated and didn`t buy a couple of days ago :-S|
|Another great day! Sorry for angry grannysnuffs who is shorting this.|
10 August 2016
Morgan Stanley today upgrades its investment rating on B&M European Value Retail (LON:BME) to overweight (from equal weight) and raised its price target to 315p (from 270p)|
|LOL , luck with that :-)
Just watching at the moment|
|dog share, back to 233 imo ;-)|
|And it has taken off!!!|
|Questor share tip:
B&M is a bargain after rival Poundland limps off the stock market
|advfn marks today as XD date for both the special 10p and the final 3.2p dividend - that's very sloppy. The fact is that the share goes XD for the regular final one on 23 Jun 2016 according B&M's own website. The share seems on a short time down trend. Today it declined more than the special dividend.|
|XD special divi|
|Good results, strong rise. looks like this one may go back up Aug 15 levels?|
|BMM selling counterfeit goods - BBC Watchdog
Full of "gender bender" chemicals in Head & Shoulders|
|Haitong Securites 'sell' tp 230p
Peel Hunt 'buy' tp 440p|
|B&M boss Karen Hubbard poached by greetings card specialist Card Factory
Read more: HTTP://www.thisismoney.co.uk/money/markets/article-3387671/B-M-boss-Karen-Hubbard-poached-greetings-card-specialist-Card-Factory.html#ixzz3wVloLpcS|