arja - downtrend is from much further back than would be accounted for by latest results alone.
and from ProActive Investors a few days ago:
Will discounter B&M post more ‘curious’ financial results?
Published: 15:55 07 Nov 2024 GMT
B&M European Value Retail SA (LSE:BME)’s full-year results back in June were something of a headscratcher, with analysts querying the “curious” omission of forward-looking guidance and “elusive” volume data.
B&M’s lofty stated target of establishing “not less than 1,200 B&M stores” in the long term was also scrutinised.
As Shore Capital Markets’ retail analyst Clive Black put it, “hostage to fortune comes to mind, as competition, attrition and cannibalisation must build”.
Whether B&M’s management has taken note or not will be discovered when the FTSE 100-listed company posts its first-half results on Thursday, 14 November.
Investors will be eager for some optimistic numbers, given that shares are currently down more than 30% year to date. |
wonder if insiders have been selling and it could be why the share price has been in a downtrend . technically illegal of course but hard to prove :) |
thanks for mentioning date of interims and I will certainly not short it any more ahead of announcement as that is a NO NO :). Just closed my BME short and must go out now anyway . |
Interims Thursday.
All retailers are hit by the NI rise; prices will rise, but are BME hit more? |
Looks like BME may well get goosed because of the NI insurance and the switch to pay those contributions.
Short down to £3 perhaps? |
I do not follow the fundamentals as closely as you do Muzmanoz and maybe I have got it wrong . As I mentioned , I am just a simple chartist and have been shorting this stock in a modest way because of the steady downtrending chart pattern . Good luck with it if you hold stock |
Isn't debt to equity skewed y leases and ifrs 16On nic. Weatherspoons and Mands put the cost of the budget at £60m (45,000 and 65,000) employees. |
In notice that it;s debt/equity ratio is very high and not good even though interest rates MAY fall further , BUT TRUMP;s policies SHOulD mean higher inflation and hence higher interest rates . Consumers pay the price for tariffs oon impporteed goods indirectly |
lots of retailers are holding back on christmas staff this year, so probably looking to make cost savings |
it is a while since I followed BME and shocked to find it is now in a clear downtrend as the chart shows . Further to fall it seems but might be a small rally before that happens :) |
The NI hit may be around £15m. About 5% of profits. Significant but not catastrophic. And as has been suggested some will be recovered through higher prices. Not enough to explain the weakness in share price |
Muxmanoz, No, I think we Joe public will get hammered for this. Pubs, restaurants, supermarkets etc will just up their prices accordingly so we will pay for it. |
seems to be on a downward trend under the 200 moving average, i would to see it move up above this line before investment in b&m |
It's going to get hammered by the changes to national insurance contribution changes. A large proportion of its employees are on 16 hour contracts which will be subject to nic. Say 65% of 35,000 employees at £615 an employee. |
I've already started picking up a few at these lower levels.Next week's update should reveal whether the steady down rating of this share has been justified. This has appeared to be a very tightly run company so I shall be surprised if anything has gone disastrously wrong - if at all.In any event there surely cannot be much downside from these levels. Famous last words? |
Oh by the way, it passes 6 long screens on Stocko at the moment, covering income, value and quality. |
Mmmmm.....but near 35% down YTD, it's entered my buy zone target area.Just looks increased value now, all forecasts on Sharepad for Turnover, Profit and EPS for 25, 26 and 27 all showing growth. Obviously a profit warning would impact such projections, but I'm going to get some funds ready to go here now. |
Looking back, on 23Sept UBS had a price target of 390 for BME. So they got that right. |
Yep, good luck with your trading. I use the short list as part of my checks before buying, to check for anything excessive going on that I need to know about. I don't short. |
No, I don't normally look at shorts as I don't do any short trading and most of the shares I trade/invest are AIM stocks and I wouldn't trust the data.I try and trade BME for fun, as it has no stamp duty or levy, a narrow spread and moves >1% per day, and critically appears undervalued to me, as I'm effectively doing buy-sells.I have managed a small net profit to date, but only because I took an early profit after the last results, and wasn't holding when they turned turtle shortly afterwards.I feel BME should be well above 500, maybe even 600. But the market clearly thinks otherwise and you can't fight the market.I'm hoping the next news in a few days will be as positive as last time, in which case I shall be ready to jump in and grab a few. |
Yep backmarker, I invested recently here based on value and the dividend. The short interest was 3.4% then, and it's now dropped to 2.7% with 2 funds short. I tend to use www.shorttracker.co.uk do you?I am going to be adding more soon, it currently passes 6 long screens on Stocko. |
I wondered whether BME was being shorted, and of course it is. It is currently shown at 2.72, down a little on last time. I assume that is because as the share price drops the potential profit from shorting reduces so short positions are reduced.Fwiw, BME has a slightly lower figure than Sainsbury or Morrisons. |
TR1. If I've done my sums right the Gray Fdn holding is worth around £200m, and at least about a half of that must have been made very recently.That's a big investment, and I assume must have been made after a careful analysis of BME.Maybe this is a sign that we are at the bottom and 400-410 is the new base.Very encouraging, and if the interims are good then I have been keeping some powder dry with which to get back in. |
No announcement yet on date of interims. I'm expecting them around 11 Nov. |
Thanks Wad Collector - I saw this clip from HMRC before and rolled my eyes at it! Wonder if anyone who got paid the actual money got the deduction and can confirm!?! |
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