B&m European Value Retail Share Discussion Threads

[backmarker] 11/12/2024 15:33

Just 4 weeks to find out how well their Golden Quarter went.

[backmarker] 10/12/2024 17:34

Which gap are you referring to? The last uncovered gap that I can spot is beginning of June.

[roguetraderuk] 10/12/2024 15:24

376-378 is key here. the bounce of the lt trendline at 325 has seen the shares get almost to that gap and what happens there is key.

[gswredland] 10/12/2024 15:08

That fall was a bit overdone!

[wsm812] 10/12/2024 10:41

Pivotal moment right now, at the top of it's down-trend line. Let's see if it breaks up from it or even moves sideways which would indicate a new trend.....

[backmarker] 10/12/2024 10:28

A good rise over the last few days. Change of sentiment at last ?Perhaps BME is featuring in some of the 'Recommendations for 2025', maybe even as a 'dividend stock'.And further down the line if it continues to rerate to where I think it should then re-entry to FTSE should be a possibility.

[backmarker] 03/12/2024 03:33

Back to sub-340p. At least that covered the gap-up of 10 days ago. So nothing now holding back a strong rise from here; except, of course, Mr Market.

[backmarker] 29/11/2024 15:09

That's not much of a target; a few pence more and it will be there.I think they should have stuck with their previous forecast. Bwtfdik .

[philanderer] 28/11/2024 14:34

JPMorgan cuts B&M price target to 349 (469) pence - 'underweight'

[backmarker] 27/11/2024 14:34

Sounds like BME will be dropping out of the FTSE-100. That might explain some of the recent weakness as tracker funds will have to sell if they haven't already.

[lennonsalive] 27/11/2024 14:09

I'm guessing Chinese companies such as TEMU, alixpress, Shein etc don't have the overheads

[grabster] 27/11/2024 11:40

As do all their competitors, but how do B&M staffing levels compare? Is there a turnover-per-employee ratio for them all? I could calculate it but would prefer to avoid the effort if known.

[lennonsalive] 26/11/2024 08:38

Next year you have the minimum wage and also NI increase for employers to absorb or pass on

[backmarker] 25/11/2024 07:32

Amusing. A reduction of target by 30p is a cut, but a reduction of 35p is a slash!Whatever, these targets are still very much higher than the current share price Does this mean we can now expect the share price to start moving upwards?

[ianguerin] 23/11/2024 12:24

Discount retailer B&M European Value (BME) rose 2.9% to 349p after broker Citigroup cut its target price from 540p to 510p and peer Canaccord Genuity slashed its target from 600p to 565p.

hxxps://citywire.com/funds-insider/news/ftse-rises-pound-falls-as-consumers-pull-back/a2455053?re=125840&refea=1738689&link_id=1763275

[backmarker] 22/11/2024 16:28

The chart seems to be showing a small gap-up this morning. May not be significant, but some seem to worry about them.

[backmarker] 22/11/2024 16:25

An £11k purchase by the Finance Director is pretty small beer, but it is a step in the right direction.

[lawson27] 22/11/2024 11:33

Looks like a no brainer from this level, with the run up to xmas, GLA

[arja] 22/11/2024 11:17

might even get back to 377 chart resistance level but probably not today

[arja] 22/11/2024 11:12

so BME has finally bottomed and a good bounce today

[arja] 22/11/2024 11:11

bacKMARKer ,
ah the old line from some brexiteers about it not being the RIGHT brexit - yawn !
There is no good brexit and the UK is only country in history to vote for self harm and leaving the EU family of nations. remember the brexiteers saying other countries would follow the UK and leave - HA HA ! No other EU country is that stupid and England particularly has a bigger % of thickies and xenophobes than the other EU countries . even MARINE LE PEN does not want france to leave the EU nowadays !

[lennonsalive] 21/11/2024 07:23

I know of a business that's bill with the new national insurance rises will be £800,000. They are going to have to find £600,000 in savings. I bet redundancies will be the first thing and unemployment will rise under labour. The benefit bill will get bigger, which is unsustainable anyway as more people are signing on.

[backmarker] 20/11/2024 22:29

Correction. I meant a double bottom W.(Too many glasses of mulled wine!)

[backmarker] 20/11/2024 19:03

So we still haven't found a bottom. I wonder if we might get a bounce on 300 leading to a 3-year reverse head and shoulders.