|B&M European Value Retail
||ORD 10P (DI)
||EPS - Basic
||Market Cap (m)
|B&M European Daily Update: B&M European Value Retail is listed in the General Retailers sector of the London Stock Exchange with ticker BME. The last closing price for B&M European was 306.10p.|
B&M European Value Retail has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 1,000,000,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of B&M European Value Retail is £3,052,000,000.
|philanderer: 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.
|philanderer: 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
B&M European share price data is direct from the London Stock Exchange