B&m European Value Retail Share Discussion Threads

[bulltradept] 03/6/2021 13:35

Still within 15% from it's recent high no real worries yet.

[scooper72] 03/6/2021 12:13

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.

[scooper72] 03/6/2021 12:11

Just read the CEO comments. Doesn't seem to give any particularly well reasoned evidence for his cautious 2022 sales volatility outlook. Perhaps he is just nervous about their recent particularly strong figures casting a shadow on future revenue which doesn't continue in the same up trend.

[thamestrader] 03/6/2021 12:09

I'm clutching at straws, trying to find a reason for today's drop. Uncertainty ahead was flagged.

[scooper72] 03/6/2021 12:01

To be fair stores like them have been open during lockdown so not sure what the evidence for that is. I would have thought with inflation set to rise stores like B&M that are known as discounters should thrive and end up strengthening their customer base

[thamestrader] 03/6/2021 11:55

I suppose things are going to get tougher as their competition open up more.

[slogsweep] 03/6/2021 07:48

Significantly ahead of forecast PE down to about 14 from 31 Could see a rise in share price today

[zico01] 26/5/2021 12:17

Not far from £6.00,should easily exceed this on the T U when it's announced ...

[zico01] 18/5/2021 10:21

Rising strongly ahead of the trading update ... the tone of it could well be very upbeat !!!

[muzmanoz] 30/3/2021 09:57

Seem to be some stock issues in the stores local to me. I hear they are having to prioritise the larger stores. Is this baked in to the current price. Last target price I saw was £6.

[philanderer] 17/3/2021 15:12

Berenberg initiates on ‘bargain’ B&M Berenberg 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-capital profiles in European retail, and its cash-generative business should support additional capital returns,’ said Davies. ‘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.’ HTTPS://citywire.co.uk/funds-insider/news/expert-view-dunelm-bandm-greggs-4imprint-and-close-brothers/a1481993?section=funds-insider&_ga=2.217821406.915515439.1615993554-482485972.1615993554#i=3

[zico01] 10/3/2021 11:53

More B&M store's opening soon HIGH WYCOMBE B&M Store OPENING 17 March 2021 SOUTHAMPTON - MILLBROOK B&M Home Store with Garden Centre OPENING 26 March 2021 KEMPSHOTT B&M Store OPENING 27 March 2021 LLANGEFNI B&M Store OPENING 27 March 2021 PRESTON - ASHTON-ON-RIBBLE B&M Home Store with Garden Centre OPENING 27 March 2021 ATHERTON B&M Home Store with Garden Centre OPENING 02 April 2021 PLYMOUTH B&M Store OPENING 14 April 2021

[zico01] 09/3/2021 11:11

A B&M store in Rhyl Wales was opened today ahead os schedule.

[zico01] 09/3/2021 10:31

No slowing down in new store opening.Another B&M store was opened in Clayton Square Liverpool on the 6th March. In Colton Retail Park Leeds another B&M store will be opening on the 13th March making 11 in Leeds. On the 18th March they're opening a B&M in Clydebank Scotland. Looking forward to the next Trading Update !

[zico01] 06/3/2021 13:51

https://www.proactiveinvestors.co.uk/companies/news B&M European Value Retail SA (LON:BME) has accelerated its cash generation to a point that it should have headroom to pay out more special dividends, according to analysts at Liberum, who restarted coverage on the stock with a ‘buy’ rating and 600p target price on Tuesday. In a note, the broker said the FTSE 100 discount retailer is maintaining a “much cheaper core grocery offer” versus the supermarkets, which they said has helped to drive “significant new customer acquisition, while maintaining margin strength and delivery broad category growth”. READ: B&M European Value Retail dishes out special dividend after profits rocket “In June 2020, c.23% of B&M’s UK customers had not shopped at B&M in the previous five months, suggesting a significant number of consumers are discovering the stores for the first time. There is a clear opportunity to retain this cohort, while continuing to attract new shoppers, driven by the strength of the group’s general merchandise, discount offer…and its ongoing store roll-out, which has at least another 6-7 years”, Liberum said. The broker added that an acceleration in like-for-like sales over the pandemic has strengthened the group’s cash flow and they now expected B&M to generate over £1bn in cash over the next three years, which they said allowed “scope for further material special dividends” that could be similar to the special payout of 25p per share announced in the company’s half-year results in November. Liberum also highlighted that while the family shopper demographic remained core to the business, B&M was showing signs that its offer is “also beginning to appeal to a broader demographic spread”.

[zico01] 06/3/2021 13:47

Analyst at Bank of America have upgraded to MarketBeat after the latest Trading Update with price target of £5.60

[zico01] 06/3/2021 11:28

Has had a very strong Q4 to date.Will most likely raise guidance again next month on full Q4 for year ending 27th March 2021. FY21 preliminary results will be on 3rd June 2021.

[zico01] 06/3/2021 11:14

!FOLLOWFEED Value Retailer: B&M : www.bmstores.co.uk Heron Foods :www.heronfoods.com Babou : www.bmstores.fr/ The company increased it's by guidance by £50 million in the TU on 4th March 2021 Notwithstanding this backdrop, revenues and margins have remained strong over Q4 to date, particularly in the Group's B&M fascia business in the UK. Accordingly, the Group now expects adjusted EBITDA(1) (on a pre-IFRS 16 basis) for FY21 to be in the range of GBP 590 m to GBP 620 m, stated after the voluntary payment of business rates amounting to approximately GBP80m. This compares to the previous range announced on 7 January 2021 of GBP540m to GBP570m.

[lennonsalive] 17/2/2021 12:52

Just snobbery and ignorance.I like B&M and sometimes I shop there, hence I know the stores and have made money for this share.

[baggariddim] 17/2/2021 08:46

Just read that comment.What a disgusting human being.

[lennonsalive] 17/2/2021 08:29

Going great guns, but 6 billion!

[zizou23] 03/2/2021 20:58

Thanks Boozey. I’ll contact my broker.

[boozey] 03/2/2021 19:57

Mine was paid yesterday Zizou. II said to me because it came from Germany there was a lag between the Dividend Payment Date and it appearing in my account. I chased II because mine didnt appear initially either.

[zizou23] 03/2/2021 18:34

Not received my divi yet. Was paid nice and promptly last time. Anyone had theirs yet?