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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| B&m European Value Retail S.a. | BME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.90 | 0.27% | 331.00 | 12:02:33 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 326.40 | 324.80 | 331.60 | 330.10 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 18/11/2024 13:33 by backmarker In a way it's comforting to know I'm not the only one to be baffled, but I'd rather understand what is driving the share price Clearly the market does not have confidence in the company but I want to understand why not.Is it the debt? Doesn't appear excessive in any way to me.Is it Russo? He doesn't seem to be a warm character but he seems to be clear on how he is driving the company. So is it his vision that investors don't like.Or is it shorter that have spooked the market - in which case a rebound should occur in the near future.I would really like to get to the bottom of what's going on. But I have the feeling that this won't be clear until the next year or two has played out and it becomes clear that either Russo has it right or it becomes evident what he has been doing wrong. |
Posted at 18/11/2024 09:59 by backmarker I started following BME at the beginning of this year and have been puzzled by the share price movement ever since. On the face of it the company seems to be doing well, or am I just beguiled by Russo's spartan oration.But this latest drop is quicker than the previous reactions to trading news, so something is clearly amiss, but I don't know what.I am always willing to learn, and this seems like an excellent case to focus on.Is it that the plans are too grand that is worrying investors; opening so many new stores, a huge new distribution centre on the way, are these signs of overextension?Is it that the stores can only provide so much profit each and once they reach that ceiling the only route to growth is more stores until that hits a ceiling too?Maybe Russo's trick is to focus purely on price/value for now, then switch to building margins once he has increased the retail base.It will be interesting to watch and learn, though I wish there was more info and analysis that I could access. |
Posted at 17/11/2024 23:57 by grabster ... like-for-like sales in the UK business remain 3.6 per cent lower than last year, with growth fuelled purely by new store openings. This has concerned analysts in the past, not least because it means B&M’s lease liabilities keep climbing. Net debt to adjusted Ebitda including leases rose from 2.4 times to 2.5 times in the period.News from the boardroom may also have worried investors. Bobby Arora – the group's trading director who bought B&M with his brother in 2004 – will retire in March 2025. Although he is to be replaced by Gareth Bilton, who has been with the company for 25 years, analysts warned that the market may be “miffed” Profits require close scrutiny too. While adjusted Ebitda edged up to £274mn in the period, adjusted operating profit declined by 1.8 per cent and statutory numbers were hit by £23mn of adjusting items. Shares in B&M have struggled this year, and the group looks cheap on a forward price/earnings ratio of 9.7, versus a five-year average of 14. However, forecasting tends to be a little vague at the retailer and we are concerned by the UK’s lack of like-for-like growth. Downgrade to hold. (Jemma Slingo at IC) |
Posted at 15/11/2024 14:40 by grabster Some very negative reactions and question marks reported in The Grocer mag. Mostly to do with what B&M (suspiciously!) didn't say rather than what it did say:B&M faces ‘moment of truth’ after mixed results By Harry Holmes14 November 2024 B&M Bargains Analysts were split on the half year results --- B&M faces a “moment of truth” over the Christmas period after splitting opinion on its financial results for the first half of the year. The company maintained its profit guidance for the full year after group revenues rose 3.7% to £2.6bn due to strong volume growth. “This is a good performance as we annualise a record prior year of earnings growth with strong first half comparatives,” said CEO Alex Russo. However, like-for-like sales in the UK fell 3.6% meaning most of this growth was fuelled by opening new stores. This is worrying some investors, who are concerned about the company’s climbing lease liabilities. B&M opened 39 new stores in the six months to 28 September as it looks to hit its long-term target of 1,200 UK stores, up from 764 today. “Discount chain B&M has had a rough year and while these latest first-half results didn’t exactly knock it out of the park there was enough encouragement for investors to latch on to,” said AJ Bell investment director Russ Mould. B&M’s share price has struggled this year, with its price down 34% relative to the all-share index. Many investors are wary of the retailer’s history of vague forecasting and these results, unusually, did not include any mention of its performance in the latest third-quarter. “There may be a touch of disquiet at a lack of guidance on third-quarter trading and the ‘golden quarter’ could be a moment of truth for B&M,” said Mould. “It faces a tough competitive environment, with pressure not only from direct rivals like Home Bargains but also the supermarkets.” While the early reaction in the markets was largely positive with B&M’s share price up 5%, there continue to be dissenting voices. B&M has been a bit of a rags-to-riches story, however, the engine has cooled materially and this H1 performance fulfils all of our prior apprehensions,” Black raised concerns over B&M’s transparency, pointing to its reporting of like-for-like sales (LFL) in the UK but excluding the information for the whole group. This is “brewing a storm and is somewhat cowardly”, said Black. He added: “The erosion of reporting transparency, largely around LFL sales, is a sign of weakness not strength to us in B&M’s headline performance, as if market participants will not suss it out,” he added. Elsewhere, however, the reaction was more positive. “B&M’ Bobby Arora, the group’s trading director who bought B&M with his brother in 2004, will retire in March 2025 and be replaced by Gareth Bilton, who has been with the company for 25 years. B&M is also planning a new imports centre in Cheshire to support its hundreds of new stores. This will manage inbound container flow and optimise the capacity of its five distribution centres. |
Posted at 17/7/2023 19:10 by scobak Yes, it is 0.5% but HL in their costs breakdown of a £5K investment show SD as £49.88.Not so much odd as wrong. Ferg currently in £123 area. Very little on their ADVFN board as of a couple of months ago. Doesn't seem to be well followed in UK or US due to its transfer from any London index though it does maintain a quote. At the beginning of year it was hoping to become a constituent of S and P 500. Didn't happen but only a matter of time as trades now wholly in North America with a growing US investor base. Currently on a lowish p/e but has not rerated to a similar p/e of similar American companies. As this is a BME board however I will not expound on its merits again. Good hunting! |
Posted at 29/6/2023 10:12 by gregsc No wonder investors are losing interest in London stocks when even BMEreporting good profits and solid trading is marked down. Market makers have a lot to answer for. |
Posted at 06/2/2023 20:17 by gorse I'm also still waiting for the divi (interactive investor) |
Posted at 22/4/2022 08:24 by roguetraderuk up to now its massively outperformed the uk retail sector because there havent been any slips ups. todays announcement adds a bit of uncertainty so you are losing some of that premium to the sector. earnings are expected to be flat over the next couple of years and i always assumed eventually investors will get disinterested and that would see the shares move more back in line even if still at some premium. i have been looking at 460-480 with support at 450. there is a gap at 400 to fill if things were to go downhill earnings wise but given the area of the sector in focuses on, you expect it will do less bad in any particularly deep or extended consumer based downturn. |
Posted at 03/6/2021 11:13 by scooper72 Yep, true. Maybe they just want to keep the share price under control and stop it getting ahead of itself. Don't know if CEOs do that sort of thing, but probably a good time for us as DIY investors to do a full long term reassessment and work out if it turns out to be a good time to top up or alternatively take some profits and top up once the price pulls back a bit. |
Posted at 17/3/2021 15:12 by philanderer Berenberg initiates on ‘bargain&rsquoBerenberg has initiated coverage on B&M European Value Retail (BME) and believes investors have the chance to ‘grab a bargain’ as shares in the discount retailer have pulled back. Analyst Thomas Davies initiated coverage with a ‘buy’ recommendation and target price of 600p on the stock, which closed up 1.3%, or 7p, at 541p on Tuesday. The shares are still some way off their 601p peak on 17 February. Davies said the company had been a ‘Covid-19 beneficiary’ and he believes the ‘group will be a post-Covid-19 winner too’. ‘B&M offers one of the strongest top-line growth and return-on-invested-c ‘We believe the recent share price pullback has provided an attractive entry point into a structural winner. The next catalyst is the full year results on 28 May.’ |
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