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 |
bacKMARKer ,
ah the old line from some brexiteers about it not being the RIGHT brexit - yawn !
There is no good brexit and the UK is only country in history to vote for self harm and leaving the EU family of nations. remember the brexiteers saying other countries would follow the UK and leave - HA HA ! No other EU country is that stupid and England particularly has a bigger % of thickies and xenophobes than the other EU countries . even MARINE LE PEN does not want france to leave the EU nowadays ! |
I know of a business that's bill with the new national insurance rises will be £800,000. They are going to have to find £600,000 in savings. I bet redundancies will be the first thing and unemployment will rise under labour. The benefit bill will get bigger, which is unsustainable anyway as more people are signing on. |
Correction. I meant a double bottom W.(Too many glasses of mulled wine!) |
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. |
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. |
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. |
The party of the "working people" has been contacted by retailers for the great help they provided for the economy. |
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. |
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