B&m European Value Retail Share Discussion Threads

[zico01] 18/5/2021 10:21

Rising strongly ahead of the trading update ... the tone of it could well be very upbeat !!!

[muzmanoz] 30/3/2021 09:57

Seem to be some stock issues in the stores local to me. I hear they are having to prioritise the larger stores. Is this baked in to the current price. Last target price I saw was £6.

[philanderer] 17/3/2021 15:12

Berenberg initiates on ‘bargain’ B&M

Berenberg has initiated coverage on B&M European Value Retail (BME) and believes investors have the chance to ‘grab a bargain’ as shares in the discount retailer have pulled back.

Analyst Thomas Davies initiated coverage with a ‘buy’ recommendation and target price of 600p on the stock, which closed up 1.3%, or 7p, at 541p on Tuesday.

The shares are still some way off their 601p peak on 17 February.

Davies said the company had been a ‘Covid-19 beneficiary’ and he believes the ‘group will be a post-Covid-19 winner too’.

‘B&M offers one of the strongest top-line growth and return-on-invested-capital profiles in European retail, and its cash-generative business should support additional capital returns,’ said Davies.

‘We believe the recent share price pullback has provided an attractive entry point into a structural winner. The next catalyst is the full year results on 28 May.’

[zico01] 10/3/2021 11:53

More B&M store's opening soon

HIGH WYCOMBE
B&M Store
OPENING
17 March 2021

SOUTHAMPTON - MILLBROOK
B&M Home Store with Garden Centre
OPENING
26 March 2021

KEMPSHOTT
B&M Store
OPENING
27 March 2021

LLANGEFNI
B&M Store
OPENING
27 March 2021

PRESTON - ASHTON-ON-RIBBLE
B&M Home Store with Garden Centre
OPENING
27 March 2021

ATHERTON
B&M Home Store with Garden Centre
OPENING
02 April 2021

PLYMOUTH
B&M Store
OPENING
14 April 2021

[zico01] 09/3/2021 11:11

A B&M store in Rhyl Wales was opened today ahead os schedule.

[zico01] 09/3/2021 10:31

No slowing down in new store opening.Another B&M store was opened in Clayton Square
Liverpool on the 6th March.

In Colton Retail Park Leeds another B&M store will be opening on the 13th March making 11 in Leeds.

On the 18th March they're opening a B&M in Clydebank Scotland.

Looking forward to the next Trading Update !

[zico01] 06/3/2021 13:51

B&M European Value Retail SA (LON:BME) has accelerated its cash generation to a point that it should have headroom to pay out more special dividends, according to analysts at Liberum, who restarted coverage on the stock with a ‘buy’ rating and 600p target price on Tuesday.

In a note, the broker said the FTSE 100 discount retailer is maintaining a “much cheaper core grocery offer” versus the supermarkets, which they said has helped to drive “significant new customer acquisition, while maintaining margin strength and delivery broad category growth”.

READ: B&M European Value Retail dishes out special dividend after profits rocket
“In June 2020, c.23% of B&M’s UK customers had not shopped at B&M in the previous five months, suggesting a significant number of consumers are discovering the stores for the first time. There is a clear opportunity to retain this cohort, while continuing to attract new shoppers, driven by the strength of the group’s general merchandise, discount offer…and its ongoing store roll-out, which has at least another 6-7 years”, Liberum said.

The broker added that an acceleration in like-for-like sales over the pandemic has strengthened the group’s cash flow and they now expected B&M to generate over £1bn in cash over the next three years, which they said allowed “scope for further material special dividends” that could be similar to the special payout of 25p per share announced in the company’s half-year results in November.

Liberum also highlighted that while the family shopper demographic remained core to the business, B&M was showing signs that its offer is “also beginning to appeal to a broader demographic spread”.

[zico01] 06/3/2021 13:47

Analyst at Bank of America have upgraded to MarketBeat after the latest Trading Update with price target of £5.60

[zico01] 06/3/2021 11:28

Has had a very strong Q4 to date.Will most likely raise guidance again next month on full Q4 for year ending 27th March 2021.

FY21 preliminary results will be on 3rd June 2021.

[zico01] 06/3/2021 11:14

!FOLLOWFEED
Value Retailer:

B&M : www.bmstores.co.uk
Heron Foods :www.heronfoods.com
Babou : www.bmstores.fr/


The company increased it's by guidance by £50 million in the TU on 4th March 2021

Notwithstanding this backdrop, revenues and margins have remained strong over Q4 to date, particularly in the Group's B&M fascia business in the UK. Accordingly, the Group now expects adjusted EBITDA(1) (on a pre-IFRS 16 basis) for FY21 to be in the range of GBP 590 m to GBP 620 m, stated after the voluntary payment of business rates amounting to approximately GBP80m. This compares to the previous range announced on 7 January 2021 of GBP540m to GBP570m.

[lennonsalive] 17/2/2021 12:52

Just snobbery and ignorance.I like B&M and sometimes I shop there, hence I know the stores and have made money for this share.

[baggariddim] 17/2/2021 08:46

Just read that comment.What a disgusting human being.

[lennonsalive] 17/2/2021 08:29

Going great guns, but 6 billion!

[zizou23] 03/2/2021 20:58

Thanks Boozey. I’ll contact my broker.

[boozey] 03/2/2021 19:57

Mine was paid yesterday Zizou. II said to me because it came from Germany there was a lag between the Dividend Payment Date and it appearing in my account. I chased II because mine didnt appear initially either.

[zizou23] 03/2/2021 18:34

Not received my divi yet. Was paid nice and promptly last time. Anyone had theirs yet?

[shaker44] 30/1/2021 02:29

Got out at 545 yesterday. With ceo unloading 40m and no online business I decided to reinvest elsewhere.
GLA

[boozey] 30/1/2021 00:39

Did people here get paid their Special Dividend yesterday?

[lennonsalive] 28/1/2021 13:48

Crikey good rise

[lennonsalive] 26/1/2021 14:33

Nice move back up

[srpactive] 21/1/2021 12:52

B

With being close to month end I cannot see
the share price taking out the high so could
encourage a little weakness and a slight
move lower.

[lennonsalive] 21/1/2021 09:59

It's on its way back up, lockdown until Easter maybe and B&M will be still open. New stores, etc

[boozey] 20/1/2021 16:40

Why do you say that srpactive?

[srpactive] 20/1/2021 16:16

Unfortunately can see this falling to the 460p region.