B&m European Value Retail Share Discussion Threads

[cupra kid] 19/7/2022 13:34

Should certainly see 450p at some point to fill the gap down.

[kanwar] 19/7/2022 09:35

Come on five.

[gregsc] 19/7/2022 09:30

There you go, above 400 now.

[lennonsalive] 18/7/2022 11:57

If this can get back above 400

[lennonsalive] 07/7/2022 13:05

B&M still busy growing and opening new stores GLENROTHESB&M Home Store with Garden CentreOPENING19 July 2022MORECAMBE - HILMORE WAYB&M Home StoreOPENING26 August 2022

[northernfrank] 02/7/2022 11:22

Thought this would have risen on Friday, after being ex div Thursday

[cupra kid] 30/6/2022 08:56

Global markets are all down so not BME specific.

[wad collector] 30/6/2022 07:26

Good , but the share price is already down twice the 11p dividend.

[cupra kid] 30/6/2022 07:02

Ex div today

[roguetraderuk] 29/6/2022 16:26

question of picking it up as cheaply as poss into 2024 earnings as that is when eps growth will pick up for the year to march 2024.

[nakedmolerat] 29/6/2022 16:21

B&M always busy, it's a discount retailer with a great model and it will survive recession as it will pick up more shoppers looking to tighten their belts.

[tonytyke2] 29/6/2022 08:51

Looks like the markets liked the improved trading as the quarter moved on, hopefully providing some further stability here.GLA!

[rimau1] 29/6/2022 06:26

Looks like Shore Capital called it correctly. Q1 down, holds FY expectations. If BME is struggling for growth imagine what is happening to wider retail.

[wad collector] 25/6/2022 20:35

Pleased to see it is tumbling down the Shorts list , now 0.9%.

[sllab101] 25/6/2022 12:16

There are lines of people.

[sllab101] 25/6/2022 12:14

B&m Didcot has every till open and there is still lines of people waiting to be served so maybe its not that bad as the brokers make out.

[philanderer] 23/6/2022 13:24

Coming slowdown may for tougher for B&M

Shore Capital is ‘increasingly concerned’ about B&M (BME) ahead of an economic downturn.

Analyst Eleonora Dani reintroduced a ‘hold’ recommendation on the stock, which had been ‘under review’ following a first-quarter trading update preview.

‘B&M, the discount variety chain, is expected to report a muted quarter with its first-quarter trading update on 29 June,’ she said.

‘The company issued full-year results, highlighting the difficulty in passing through cost inflation, given the demand elasticity in its non-food business, and the return to some markdowns.’

The share price has fallen 40% year-to-date but Dani said she was ‘increasingly concerned about the inventory quality ahead of a downturn’.

‘We therefore reintroduce our “hold” rating, believing that the share price correctly reflects the company’s fair value,’ she said.

The shares were down fractionally at 373p at the closing bell on Thursday.


citywire.com

[roguetraderuk] 23/6/2022 10:09

tony, my dad tells me its always packed when he goes. and the point is that its cheap. as shore summed up, well managed and while not immune to slowdown should do relatively better.

[tonytyke2] 23/6/2022 09:39

Hi Muzmanoz, I believe SUP supplies B&M along with many other discount stores like Poundland, Home Bargains, Costcutter etc. etc. I started a small investment there yesterday.Sorry all for slightly off topic.

[muzmanoz] 23/6/2022 05:49

I was looking at what other listed companies supply B&M, other than the large FMCG companies (P&G, Unilever). So far I've got

UPGS
Accrol
Creightons
IP Design Group
Warpaint
Cussons
Brand Architekts

I hold Warpaint and UPGS. Will have a look at the others.

[cupra kid] 22/6/2022 19:12

There's a gap down to fill at circa 450p for starters. Very good value at this level.

[tonytyke2] 22/6/2022 18:00

Hi roguetraderuk, Someone may have already indicated, but IC highlighted this month that BME has performed it's best when consumer confidence is weakening such as the first qtr of 2010.

If inflation continues to rise and a recession takes hold then more shoppers are going to turn to discounters. IC interestingly highlighted that 93% of all products sold at B&M are less than £20, so less exposed to sharp reductions in spending on expensive items.

I went to my local store for first time this weekend looking to buy food and ended up buying paint brushes, paint trays, rollers etc as well because they seemed so cheap! The bad news now is that I have to decorate (:-(

Apologies if the IC stuff has already been raised.

Cheers TT

[roguetraderuk] 22/6/2022 14:30

shore reiterates hold today. says although low pound value products shields, its not been able to raise prices much and the fact its frequented by lower income means cost of living might hurt whats a soundly managed company. translated into my words.

[lovewinshatelosses] 22/6/2022 14:19

Thanks tony - you too. Hopefully it will prove to be better than some of my other holdings! Would be difficult not to :)
I plan to add further here on any additional macro-inspired weakness; I anticipate that what they lose in supply chain and inflation issues and rising labour costs, will be offset somewhat by a growing customer base, as increasing numbers of people switch to retail outfits like this one to cut costs. If they avoid going under, as many probably will in the medium term, then that also bodes well for us, IMO.
Long term horizon here for me, unless the management do something stupid.