Brown (n) Share Discussion Threads

[nw99] 11/7/2016 15:47

Doubled up here

[jbarcroftr] 08/7/2016 21:24

Only wish it was!

[my retirement fund] 08/7/2016 21:10

Director buy

[eastbourne1982] 06/7/2016 20:00

What the hell is going on with these ??? I appreciate retailers are out of fashion (get it ??? !!!) but £1.60 seems crazy.

[zcaprd7] 30/6/2016 14:18

What do you think of the CEO, rubs me up the wrong way for some reason?

[danieldruff2] 30/6/2016 12:32

I think there's a big seller who is letting go at any price for whatever reason.

FWIW I have been following this for over a decade, and apart from kicking myself for not investing when it went to 100p a long while ago, I haven't been tempted again until this week.

Gone exdiv today

[salpara111] 30/6/2016 12:25

I've followed this one for seemingly years but never invested.
I am unclear why it is being hit so much harder than other clothing retailers and am starting to get tempted.

[danieldruff2] 28/6/2016 11:31

Now looking historically underpriced so I've jumped in. I used to work for this company, they're a tight (in all senses of the word) quality outfit. I understand the IT systems they are trying to replace, because I wrote some of them.

No long term worries so long as they can maintain a distinctive presence in an online world, and if they can't, someone may buy them. They've avoided bid approaches because they are so niche (tall/fat clothing) but with the shift from catalog to online they would be much easier to digest if someone had a go at them.

[dlku] 16/6/2016 09:41

FCA regulation elusive

[busthief2] 16/6/2016 09:32

A good divi to be paid as well

[aishah] 16/6/2016 09:16

I wouldn't be surprised if there is more director buying now.

"Our systems transformation programme, Fit 4 the Future, remains on track in all respects. Looking forward, our new systems will give us a strong platform to capitalise on the significant growth opportunities ahead."

[ed 123] 16/6/2016 09:13

Yes, Aishah, soothing.

Well, there's the bounce. (up 20p at 234p)

Did we witness some panicky shorts closing this morning?

I suppose the trading side was broadly in line with the sector. Importantly, no problems reported with Fit 4 the Future.

Another update due with the agm (12 July), then a 3 month wait for the interims.

Interims will be important. Sure to be some comment on the early performance of the new USA website. Also, will get an update of full year expectations.

Is N Brown getting any credit for its international potential? In the USA there is a huge market for its 'all size' ranges.

[aishah] 16/6/2016 08:57

Good re-assuring statement. Guidance reiterated.

[rubberbullets] 16/6/2016 08:20

wait till the next profit warning

[kemche] 16/6/2016 07:22

Ho-hum.....but not a disaster either.

[ed 123] 14/6/2016 15:10

I may be out of step with everyone here (and the market too) but I wouldn't be surprised on Thursday to see like-for-like up a bit, maybe +1%. The new warehouse was completed and is helping to give better service (quicker response times) to customers. Also, shoppers are buying increasingly online and that should favour N Brown, compared to the physical shop retailers.

Progress on Fit 4 the Future should be updated too. It is costing a lot and taking some time to produce returns on the investment. If there are no problems reported, I'm thinking the share price may bounce a bit from here.

As usual, no advice intended.

[hugepants] 14/6/2016 13:23

Looking fairly awful here to be honest. Perhaps they are going to bring out the old "IT problems" excuse? They planted a seed in the last results.

[r ball] 12/6/2016 21:09

terminal decline. may be taken out but not at this price.£1.50

[stevie blunder] 12/6/2016 11:56

Trading statement on Thursday

[r ball] 12/6/2016 10:45

avoid. chart tells you all you need to know.

[my retirement fund] 02/6/2016 10:21

Hmm with the summer we are having they are going to be stuffed with a mountain of summer stock that they cant sell.

[timsnaps] 02/6/2016 09:05

Probably a large holding being offloaded - see at the end of the day. MMs probably looking for some buyers before they show the sell order. Chart shows these large drops are usually accompanied by high volume. There's also a pretty strong support line at 221p.

[salpara111] 02/6/2016 08:50

Just closed my short.
Not sure that it has reached the bottom but a profit is not a profit until it is banked!
It is such a competitive environment with flat pricing.
They have been "turning the business around" for over 2 years now but profits are still falling and their last update included a pre prepared excuse for underperformance in the next period.
Downside is probably limited from here but equally I cant see what is going to provide the catalyst to move it up.

[cwa1] 02/6/2016 08:50

PS: Citigroup reiterated their "neutral" advice this morning with a target price of 235p.

IF you were to believe the current consensus of 23.9p of earnings and 14.2p of dividend then it certainly wouldn't look expensive at the <230p I just paid but I suppose there's more to it than that :-)