B&m European Value Retail Share Discussion Threads

[muzmanoz] 02/10/2024 16:27

Stores in my local area have had their available hours cut back a lot. They flex hours based on sales. Either sales are down or they are trying to protect or improve margin (possibly because of national minimum wage increases or to fund new store openings). Knock on effect is that senior staff are leaving and they struggle to recruit and retain staff. Card factory's last results were tainted by minimum wage increase.

[backmarker] 02/10/2024 13:34

At the last presentation we were given to understand that BME had freight costs covered.It will be another month before we get the interims. That may actually work for me as I am currently fully invested. However I may well have some cash by then and depending on the results and forecast I may well reinvest here. To me the company seems tightly run and I cannot understand why the share price has been falling rather than rising. But Mr Market likes to play his games and get inside people's heads. So sitting on the sidelines waiting for news seems a sensible course of action for now.

[lennonsalive] 01/10/2024 11:28

I wonder if shipping freight charges are a concern

[nakedmolerat] 25/9/2024 15:33

went into a B&M, all shelves stocked up for halloween and christmas stuff, only a small amount of summer stuff tucked away reduced.

i cant see anything wrong in stores

[backmarker] 25/9/2024 11:53

Last year we had the H1 interims in early November. Also an announcement of timing in mid-September.No announcement yet for this year but presumably the interims will still come in early November.Maybe we will learn something then.

[kenmitch] 24/9/2024 10:04

backmaster

Amazon is nowhere near as big a worry as Temu is. Their competition has been there for years and both BME and Dunelm have easily coped with it.

Temu like SHEIN are bankrolled by the Chinese Government via subsidies etc and so can sell far cheaper than BME and Dunelm can. Already SHEIN has ruined ASOS and BOO. Something has to be done about this Chinese undercutting of UK prices (it’s happening with electric cars too) as otherwise Chinese competition could ruin otherwise very efficient and successful UK Companies.

[backmarker] 24/9/2024 09:25

TEMU impact an interesting thought. I confess to being a TEMU customer, spending £15 (free delivery) every few weeks on a variety of cheap kitchen and garden accessories and rolls of stickers for the grandchildren. I hadn't really explored their much wider range of products.Thinking about it I wonder if the likes of Amazon might be making a bigger dent as they seem to offer even more alternatives to the B&M range.

[kenmitch] 23/9/2024 14:04

In case this helps a bit. Two possible reasons for the continuing fall in the share price:-

1. Outlook statements this year have been vague on prospects unlike in the past. I sold for that reason on the fall in January.

2. Concern about Chinese Company TEMU muscling in on their business. BME haven’t yet mentioned this worry, but nor did BOO or ASOS before their share prices crashed.

I’ve now reluctantly sold Dunelm (a superb shop we use a lot) for that same TEMU reason.

[backmarker] 23/9/2024 09:42

They have been falling for a while with no obvious reason. It was thought weather and shipping costs might have damaged Q1figures but we were told all good. The shares rebounded for a couple of days then started falling again.The only news since then has been some options giveaways that sounded a bit dodgy, but nothing on business activity.Probably won't get anything more until the Q2 update.

[barrysunny] 23/9/2024 09:41

It seems UBS has a sell on BME.

[shaker45] 23/9/2024 08:43

Why the fall? Can't see news or big sell?

[bulltradept] 23/9/2024 08:05

Below £4 calling...

[ianst12345] 10/9/2024 10:18

Placed on "negative catalyst watch" by JPM. They probably want the shares cheaper ;-)

[backmarker] 06/9/2024 13:21

The fall continues. 435 breached, and 430 isn't holding. I wonder what the news is, and how bad it is?Anyone have any ideas ?

[backmarker] 02/9/2024 07:59

Given today's RNS I would suspect the recent options grant were also nil-cost.

[backmarker] 28/8/2024 16:28

I don't blame you. On the basis of what has been made public BME should imho be well over 100p higher.Normally their reporting seems very clear, precise, even formal. But the reporting of those option grants - which I took to be part of an incentive package - was anything but.I watch and wait, but have no appetite for these right now, and it would seem there are many who have similar feelings as the share price continues to look sickly.

[cestnous] 28/8/2024 12:06

Sold. Going nowhere. Opaque options dealing not a good sign. Took a loss of 3%

[backmarker] 16/8/2024 15:03

Well I'm glad I'm not holding BME at present as I have clearly got this call completely wrong.Based on the CEO's last (and previous) presentations (which I found convincing) I'd say this company is substantially undervalued.But after a brief bounce on the results it has fallen away again.Is it something as simple as an insti deciding to dispose of a large holding that is weighing on the sp, or is it something else that hasn't yet come to light.I will continue to watch with interest.

[backmarker] 12/8/2024 21:39

The RNS didn't state the exercise price of the options. So it's impossible to tell how much of a bonus each of them is really getting. If they are nil-cost AND nil-exercise then they are getting a lot, as in effect they are FREE shares. If the exercise price is the current share price then they are only getting the difference between the current share price and whatever the share price is on exercise, with no risk of loss if the share price goes down.

[muzmanoz] 12/8/2024 16:53

Christmas gifts and gadgets out in B&M. From what I hear they are on a big cost drive and they're struggling to retain staff.

[backmarker] 12/8/2024 16:27

And still going down.Fortunately I cashed in my few for break even as I wanted the cash for another play.Will be back in again soon.

[backmarker] 08/8/2024 12:53

I bought a few as well. I thought they'd have been 500+ by now, following good results.It's a puzzle.

[shaker45] 08/8/2024 09:56

Just bought back in on this down day. Seems perverse that it's down 25% this year. Should benefit from stretched consumers looking for bargains surely.

[lennonsalive] 02/8/2024 09:50

I think sales are fine and I went to a couple of stores recently to see they are well stocked and busy

[backmarker] 01/8/2024 15:32

Sudden drop this afternoon. Are the punters now worried that with the bit of good weather BME don't have any outdoor stock to sell ?