I'm afraid I can't raise any enthusiasm for the NED appointment, in view of his record with Superdry & Saga |
Having taken another look at the chart there appears to be a small gap up near 340p at the beginning of December.I hope we don't have to retrace to cover that.I'm still not fully convinced about "gap covering", but the more I look out for them the more I am finding. Hmmmm. |
Got my divi yesterday, Monday. Every little helps. |
Divi paid in A J Bell account today - the withholding tax possibly accounts for the delay |
Was divi supposed to have been paid last Friday. Nothing here |
Just 4 weeks to find out how well their Golden Quarter went. |
Which gap are you referring to? The last uncovered gap that I can spot is beginning of June. |
376-378 is key here. the bounce of the lt trendline at 325 has seen the shares get almost to that gap and what happens there is key. |
That fall was a bit overdone! |
Pivotal moment right now, at the top of it's down-trend line. Let's see if it breaks up from it or even moves sideways which would indicate a new trend..... |
A good rise over the last few days. Change of sentiment at last ?Perhaps BME is featuring in some of the 'Recommendations for 2025', maybe even as a 'dividend stock'.And further down the line if it continues to rerate to where I think it should then re-entry to FTSE should be a possibility. |
Back to sub-340p. At least that covered the gap-up of 10 days ago. So nothing now holding back a strong rise from here; except, of course, Mr Market. |
That's not much of a target; a few pence more and it will be there.I think they should have stuck with their previous forecast. Bwtfdik . |
JPMorgan cuts B&M price target to 349 (469) pence - 'underweight' |
Sounds like BME will be dropping out of the FTSE-100. That might explain some of the recent weakness as tracker funds will have to sell if they haven't already. |
I'm guessing Chinese companies such as TEMU, alixpress, Shein etc don't have the overheads |
As do all their competitors, but how do B&M staffing levels compare? Is there a turnover-per-employee ratio for them all? I could calculate it but would prefer to avoid the effort if known. |
Next year you have the minimum wage and also NI increase for employers to absorb or pass on |
Amusing. A reduction of target by 30p is a cut, but a reduction of 35p is a slash!Whatever, these targets are still very much higher than the current share price Does this mean we can now expect the share price to start moving upwards? |
Discount retailer B&M European Value (BME) rose 2.9% to 349p after broker Citigroup cut its target price from 540p to 510p and peer Canaccord Genuity slashed its target from 600p to 565p.
hxxps://citywire.com/funds-insider/news/ftse-rises-pound-falls-as-consumers-pull-back/a2455053?re=125840&refea=1738689&link_id=1763275 |
The chart seems to be showing a small gap-up this morning. May not be significant, but some seem to worry about them. |
An £11k purchase by the Finance Director is pretty small beer, but it is a step in the right direction. |
Looks like a no brainer from this level, with the run up to xmas, GLA |
might even get back to 377 chart resistance level but probably not today |
so BME has finally bottomed and a good bounce today |
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