B&m European Value Retail Share Discussion Threads

[philanderer] 17/12/2014 22:34

Daily Mail:


High Street store run by former Tesco chief Sir Terry Leahy is one of two major retailers caught up in probe into Rochdale 'slave labour' gang

Police raided a factory in Rochdale and found 20 eastern European 'slaves'

The group of immigrants were forced to live in a squalid house in Rochdale

B&M Bargains, run by former Tesco boss Sir Terry Leahy, and Floors2Go are at the centre of the inquiry


..........A spokesman for B&M Retail – which owns B&M Bargains - said: ‘We were shocked to learn of these recent allegations. As soon as being made aware, we terminated trading with the company and cancelled all orders with immediate effect.’


full article:

[philanderer] 17/12/2014 13:52

269p - 279p ! oh well :-)

[philanderer] 17/12/2014 09:07

All of a sudden we`re -10p from last night`s close on 3 tiny buys.

Can`t get my head around thias share at all. ... 2.5bn cap ?????????

[philanderer] 16/12/2014 09:04

What the hell is it with this share ?

Last nights close was 276p - 280.75p

This morning we`ve had four tiny buys 285, 285, 282 with a spread of 265 - 285 !!

Another tiny buy , then a tiny sell of 66 shares at 265p and suddenly there`s a quote of 265p - 270p


Never seen anything this weird with a compnay valued above £2.5bn.

All I can think of is that there`s about 1 million shares wanting to be dumped by someone

[philanderer] 14/12/2014 09:37

'Poundland to open third store in Walsall town centre after striking St Matthew's Quarter deal'


Rivals B&M have also signed up for the development, which will create 90,000 square feet of new retail and leisure amenities in the southern part of High Street.

Mark Watkins, senior development surveyor at St Modwen, said:
“The lettings to Poundland and B&M are a brilliant start for our
new development of shops, restaurants and leisure facilities at St Matthew’s Quarter.

"We have been encouraged by the interest from retailers, as well as
restaurant and leisure operators.”

[philanderer] 12/12/2014 17:16

+6.5p on the week , very impressive considering the huge drop on the general markets

[mach100] 12/12/2014 16:13

Walked down again today before bouncing back on late Friday. I expect us to push through 280p. The Black Friday fiasco on late delivery I assume is not an issue for BME. On the contrary disappointed shoppers may cancel and spend in BME instead.

[philanderer] 11/12/2014 17:03

'New B&M Bargains store opens in Kettering'

[philanderer] 08/12/2014 16:47

"Two new stores have opened at a thriving business park."

Special guests, dignitaries and schoolchildren were invited to the openings of a new B&M Bargains store and Pets at Home outlet at Coast Road Retail Park last Friday.

The B&M store, which has created 50 new jobs, was opened by North Tyneside Council’s deputy chairman Gary Bell and representatives from the Tynemouth RNLI Lifeboat Station.

The RNLI received £250 worth of B&M vouchers from area manager Paul Hamilton as a gesture of thanks for opening the new store.

RNLI volunteers were also on hand to bag pack for the first B&M customers, raising further money for the charity on the store’s first day.

Marie Rycroft, store manager at B&M Coast Road said: “We’re really proud to be creating another 50 jobs this year and continuing to play our part in the local community.”

[philanderer] 08/12/2014 10:57

Morning Mach , loooking good this morning. Just the sort of outlets in the run up to christmas where shoppers will be going to stock up for the long holiday :-)

[mach100] 08/12/2014 10:52

Hi Phil. Well we are through the 280p barrier now. If it can hold above this level I think 300p is well achievable.The trading pattern since the trading statement was so wierd. It kept getting walked down to 255p ask. I supposed the shorters or sellers have capitulated.I expect a Santa Claus Rally to 300p in short order.

[philanderer] 08/12/2014 09:00

Deutsche reiterates 'buy' and increses target from 290p to 300p

[mach100] 06/12/2014 11:14

Yes. I have just been comparing prices of B and M and the main supermarkets and they come out very well versus competitors. Particularly on branded goods like Carling, Fairy and Haribo. I also notice they have stuff on sale for 99p which is 100p elsewhere. Even Dettol wipes at 149p was 1p cheaper than ASDA's half price offer.I don't think they do loyalty cards but as shoppers now distrust the big players, their snooping and phoney offers I suppose that is rather a good thing. Nice to see a finish over 270p yesterday. It always gets sold down but I feel we are heading to 280p next week.

[philanderer] 05/12/2014 17:02

+6p on the week...

and another one :-)

'Discount store B&M confirms takeover of old Coventry Homebase'

[philanderer] 04/12/2014 17:00

Much better day ... 420k shares traded

UT : 35k @ 270p

[philanderer] 04/12/2014 08:52

We`ve either gone ex- dividend for the 0.9p this morning (or it may have been yesterday).

[philanderer] 03/12/2014 23:18

Thanks Mach, no rush on this one , value here I`m sure.

Good PR here for a good cause..

'B&M Stores Trolley Dash with Adam Catterall' :-)

[mach100] 03/12/2014 14:35

Welcome Phil. They have a bad rap among customers if you read reviews and among employees too. But you could level the same charge against Sports Direct and from an investing POV the latter have done very well. I am finding the trading pattern where it yo-yos between 255 and 269 rather odd. There is a trading statement in a month ( mid janaury) so if they have done well in this crucial period I expect BME to be testing 300p.

[philanderer] 28/11/2014 14:02

Couldn`t wait any longer, in this morning @ 265p


Luck to all.

[philanderer] 27/11/2014 12:02

Good points Mach.


27th nov Citigroup buy tp 310p

reiterates.

[mach100] 27/11/2014 10:39

Well, if it can position itself upmarket of Poundland especially in terms of quality and value I think it will do very well. I see Poundland's profits rose strongly today. PBT was up 11.7% and if they excluded one-time items it was up 34%in the last six months. I feel the share price is being kept down currently because as soon as it hits 270p it is driven down to 260p quite quickly. I think it is in a sweet spo in terms of the prevailing market where upmarket shoppers are now shopping in places they would not have considered prior to the recession.

[philanderer] 26/11/2014 23:45

26th nov

Canaccord initiates coverage with 'hold' and 285p target

[philanderer] 24/11/2014 14:04

RBC Capital Markets reiterates outperform on B&M European Value Retail, target raised from 300p to 315p.

[philanderer] 21/11/2014 20:23

Evening Mach , that`s a good summary of where it`s at. Tempted to come in for a few if it breaks up through 275p.

[mach100] 21/11/2014 15:05

Phil. Still time to get in although it is being buffeted at the moment. A very high mcap but could be in a sweet spot due to disenchantment with the big four. Very aggressive store opening program so clearly huge growth in store but just a question if it can drive its market share and capture more customers from the other players.. Nice broker targets and 320p would do nicely for me. I think it is stuck between 265-270p for now though.