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Discussions among investors regarding B&M European Value Retail (BME) highlight significant concern over the company's current performance and future strategy, particularly following recent analyst downgrades. The sentiment reflected a range of opinions, from cautious optimism to skepticism about the company's ability to navigate economic headwinds and declining like-for-like sales. Notably, broker price targets varied widely, with Canaccord setting a target at 495p and Goldman Sachs slashing theirs from 430p to 310p, raising alarms about the perceived strength of BME’s growth plan. "The market doesn't like it atm," remarked one investor, embodying the prevailing uncertainty.
Financially, BME is projected to generate a profit before tax of around £500 million, with EBITDA estimates reduced slightly to the range of £605-625 million, causing concern among the investment community about its ability to rebound amidst a backdrop of declining sales figures and heightened operating costs. Investors expressed differing strategies, with some agreeing on the significant potential upside at these lowered prices while others cautioned against the risks posed by a recent management overhaul and the potential consequences of ongoing high inflation. These mixed sentiments were encapsulated in discussions with quotes like, "There are always headwinds for companies. Let’s see where this is in 6-12 months time," indicating a tug-of-war mentality among holders between short- and long-term perspectives. Overall, while some investors remain optimistic about a rebound, the discussion points to a cautious atmosphere with underlying challenges ahead for B&M.
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B&M European Value Retail SA has announced significant changes at the executive level, with CEO Alex Russo set to depart at the end of April 2025 in light of a lowered profit outlook. This shift reflects the company's struggle amidst a challenging economic environment. The firm has revised its profit guidance downward, attributing this to current trading conditions and broader uncertainties in the economy. The departure of Russo, described as an inevitable loss given the circumstances, marks a pivotal moment for the retailer as it navigates through turbulent times.
Financially, B&M has indicated that movements in currency will impact stock and creditor balances, further complicating their operational forecasts. The company plans to release a post-close trading update for FY25 at the end of April, which will provide additional clarity on its financial standing and strategic direction moving forward. The combination of executive changes and revised profit expectations underscores the need for B&M to adapt to a rapidly evolving market landscape.
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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. |
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. |
lennonsalive , |
Low of the year but based in Luxembourg. |
Already in I think. |
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. |
Sadly we have a socialist government so nothing surprises me when it comes to stifling and crushing growth |
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. |
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 ? |
Will retailers will be looking at making savings via efficiency's, redundancy or passing on costs to the consumers. |
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. |
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! |
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. |
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. |
Didn't see any issues. Increased position about 25%. |
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? |
Earning guidance upped from last year, dividend payouts increased to 40-50 in last weeks statement. |
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. |
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. |
As for the drop today today it dropped last November when they announced a bond raise. But they had to refinance the 2025 bonds. |
B&M European led the laggers, losing 2.4%. |
I started following BME at the beginning of this year and have been puzzled by the share price movement ever since. On the face of it the company seems to be doing well, or am I just beguiled by Russo's spartan oration.But this latest drop is quicker than the previous reactions to trading news, so something is clearly amiss, but I don't know what.I am always willing to learn, and this seems like an excellent case to focus on.Is it that the plans are too grand that is worrying investors; opening so many new stores, a huge new distribution centre on the way, are these signs of overextension?Is it that the stores can only provide so much profit each and once they reach that ceiling the only route to growth is more stores until that hits a ceiling too?Maybe Russo's trick is to focus purely on price/value for now, then switch to building margins once he has increased the retail base.It will be interesting to watch and learn, though I wish there was more info and analysis that I could access. |
the ftse 100 FUTURES WELL up since UK close on friday and might just help BME as market should be bullish . But chart does not lie and Sadly there might be more downside . |
That closing 90 minutes on Friday was brutal. |
Type | Ordinary Share |
Share ISIN | LU1072616219 |
Sector | Misc Retail Stores, Nec |
Bid Price | 284.70 |
Offer Price | 285.00 |
Open | 283.20 |
Shares Traded | 3,771,320 |
Last Trade | 16:35:26 |
Low - High | 282.10 - 289.00 |
Turnover | 5.48B |
Profit | 367M |
EPS - Basic | 0.3656 |
PE Ratio | 7.80 |
Market Cap | 2.84B |
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