IC is positive about B&M rating a buy at 501p FWIW. They suggest that the new stores reach maturity faster than other retailers and that the PE of 14 was undervaluing the company.
Mind you they said BUY in Nov and it has dropped 60p since then.... |
Trading statement announced for
July 16th |
This June has been more like March, low temperatures that have kept falling and I suspect that this is the issue. B&M has those large isles which turnover seasonal events, sales, Easter, summer, school and Christmas |
PE is still 13 despite the fall...M&S on a PE of 10. Does this deserve a premium rating when profits are not growing? |
The weather has been poor at the start of this spring, so maybe not enough sales of gardening equipment and other outdoorsy items. We are in June now, and normally would B&M have sold quite a bit of their garden stock already? Anyone work in retail here ? |
I need to visit my nearest B&M and see how busy or not they really are.It seems to me that they ought to get back up to 550p again. |
Director buying a lump. That's positive news right? |
Don't understand why this has dropped. In the presentation there was talk of further growth. If there was no forecast is that because these were prelims not the final accounts ?Or is the drop because the total dividend is lower? |
Droppings continued |
Looks like my Buy yesterday was premature, continues to drop for the accusation of obfuscation! |
Results were out yesterday. No profit warning was given. |
Think there is a profit warning in the making here... Market doesnt like it |
Good job it wasn't a profit warning here. Mad drop. |
Looks like the conference went well, larger ii buys now coming in. Back up to where we started the day I think. Why wouldn’t we be blue today? Sales, profit and cash up….
Growth every year for the next 3 years. What’s not to like? |
a short term trade could be if you looked at swing trade, you could say if this reaches 500p would be worth a punt back up to 550p. although there is no guarantee this will touch 500p soon or again. |
Thanks for posting |
missed out on the 507 price this morning. i think this has legs, drop reported on article below |
Some of the metrics from last year were down compared weren't they? |
The prelims look strong to me, but the market is not impressed, currently down 25p, even though profits at upper end of expected. Decided to add at 520p , especially as spread now 0.3p.
Maybe I am missing something . |
Finals on Wed should bring some clarity. |
You can only understand something that has logic, the unfathomable factors make share price movements somewhat opaque , however confidently someone "explains" the reason for a share price change. I guess that is why bot trading works. |
Saw the RNS this morning. It looked OK. Sp down another 10.Didn't make sense, so bought a few. Listened to the call-in. Sounded positive. Sp up a bit. Tempted to add a few, but let's see where we go first.I still don't understand the BME share price movement. From when I first started tracking BME at beginning of the year it has steadily gone up 50p then reversed and steadily gone down 50p.Maybe it's not about understanding the share, but about following the pattern. |
The shape of the graph looks a bit bearish to me.
When it turned up from 500 in Feb I thought this might have a rise of more than 50p, perhaps 100p, in a few months.
But now it's turned down again it seems to be suggesting a down channel is forming based on the Nov and Feb lows, and the Dec and Mar highs.
Will it bounce on 500p again ? It's clearly an important level. I feel there is a good chance that it will fall through. So I shall remain clear.
GLTA |
At my niece's store and in other store's in her area they are reducing the number of hours per week per store by up to 30%. No idea whether this is a reflection of poor sales or just cost cutting. |
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