B&m European Value Retail Share Discussion Threads

[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.

[fuji99] 20/11/2024 16:20

At least Truss did not last for long - Then they reverted all her decisions.
On here they are now free to do anything they wish for a few years.
Regarding Rwanda: As soon as they arrived to No.10, they cancelled it the next day without seeking any advice. And this is after wasting months of discussions and votes.
I think this is the most incompetent labour for some time.

[backmarker] 20/11/2024 15:42

Brexit could have been good, should have been good, but politicians didn't want it and wasted the opportunities.Truss only trashed the economy by ineptness that brought forward trends already in place. Interest rates were going up anyway. It was the unawareness of pension funds and gilt holdings that resulted in pushing rates up faster. Unfortunately this gave Labour the opportunity to say that the economy was trashed.Sunak recognised that immigration was the big issue but then didn't back Braverman and Jenrick to push on and sort it. He should just have ignored ECHR - in the same situation the French would have. Ruanda may not have been ideal but I believe it would have had an impact. This let Labour have a field day. And they look as though they are hopeless.

[fuji99] 20/11/2024 15:39

The party of the "working people" has been contacted by retailers for the great help they provided for the economy.

[bulltradept] 20/11/2024 15:29

Not my New Labour government and I think, if one digs deeply into the data, they got 'voted' in' be less than 18% of the populous who were eligible to vote.

[roguetraderuk] 20/11/2024 14:51

people make the mistake of thinking that when things are $h1t that they can only get better. thats a mistake that either uneducated or inexperienced folks make. your new labour gov is about to reaffirm the fact that things often go from $h1t to worse.
lt channel line from covid low at 325p on these. a break there suggests an acceleration to the downside.

[arja] 20/11/2024 12:45

lennonsalive ,
OMG, anything is better than the Tories and 14 years culminating with Truss trashing the economy . I would have voted Lib dem if still living in UK and i bet you were a brexiteer who is still not able to admit that all that is bad is made even worse by brexit. Sovereignty - LOL !
On BME , same story as on tuesday with any intra day mini rally sold into !

[action] 20/11/2024 08:59

Low of the year but based in Luxembourg.

[bulltradept] 19/11/2024 16:21

Already in I think.

[scobak] 19/11/2024 16:14

Dividends are now telling an interesting little story. The last 3 divis within this last year (15/12/23 5.1p, 9/2/24 20p special, 2/8/24 9.6p)gives a return of 34.7p.
at the current share price of just under 350p this gives a divi of 10%.
Now I find that compelling and when a bottom appears to have been reached I will be adding.
I do know about the Lux witholding tax which comes off this.

[lennonsalive] 19/11/2024 12:22

Sadly we have a socialist government so nothing surprises me when it comes to stifling and crushing growth

[r2oo] 19/11/2024 08:43

Seems extremely oversold now with a PE of 1012 month RSI now 19Dividend Yield 10%I'm so tempted to top up soon once the one stops falling but it's already 3.5% of my total investments.

[ianguerin] 19/11/2024 08:06

What do readers make of the 10.8million shares bought (?) at 374p, late yesterday? Just a misprint, although A J Bell have yesterday's closing & today's opening prices both above 370p ?

[lennonsalive] 19/11/2024 07:44

Will retailers will be looking at making savings via efficiency's, redundancy or passing on costs to the consumers.

[arja] 19/11/2024 07:23

yes, dreadful looking chart and every mini intra day rally attracts sellers and then goes lower . Wonder what today will bring and chartwise it might be heading for about 300 area WHERE SOME support.

[kenmitch] 18/11/2024 18:19

I reluctantly sold both BME and Dunelm a while ago. The reason? Fears that Chinese Company TEMU will do to both of them what SHEIN did to BOO and ASOS. I.e they way undercut the prices ASOS and BOO we’re charging. And to think SHEIN is likely to ipo on the UK market!

[rmorris94] 18/11/2024 17:23

Yeah wouldn't advise anyone else get in. Reckon I'm diversified enough and got a long enough time horizon to be ok... a lot of uk supermarkets are being hit by the budget.

[roguetraderuk] 18/11/2024 17:05

well jesse livermore did say one of the key things to avoid was buying shares that are going down. it seems to be one of these cases where there may be a lot to hang your hat on but technically these look awful.

[rmorris94] 18/11/2024 17:02

Didn't see any issues. Increased position about 25%.

[grabster] 18/11/2024 14:18

I wouldn't have thought that the scale of this morning's issue announcement would explain the drop - but the drop began 2.45pm Friday anyway. And even if that was due to a US leak of today's info the effect seems disproportionate. So is it something else altogether?

[jsg123] 18/11/2024 13:42

Earning guidance upped from last year, dividend payouts increased to 40-50 in last weeks statement.
Suspicious really, maybe an effort to allow funds to load up prior to possible nice special announced in January.

[backmarker] 18/11/2024 13:33

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.

[jsg123] 18/11/2024 13:20

Don't know where you saw that seemed to be flatish the day it was announced last year, then rose for the next 6 weeks.
This has lost 10% in 1 day since Friday AM. Baffled by this

[muzmanoz] 18/11/2024 11:10

As for the drop today today it dropped last November when they announced a bond raise. But they had to refinance the 2025 bonds.