B&m European Value Retail Share Discussion Threads

[livewireplus] 03/12/2022 07:04

B&M to open new mega store at The Fort next year https://www.birminghammail.co.uk/whats-on/whats-on-news/bm-open-new-mega-store-25636935

[ramellous] 21/11/2022 11:45

Goldman Sachs raises B&M European Value Retail to 'buy' (neutral) - price target 490

[sllab101] 20/11/2022 10:53

Subday at b&m packed.

[wad collector] 13/11/2022 09:35

Biggest drop in shorts in the index this week , from 2.7 to 1.4%. Guess that tells us what we know already though, the price is going up.

[ramellous] 11/11/2022 10:57

I took my first position here yesterday morning after results announcement. Quite a good move so far..

[philanderer] 11/11/2022 10:29

B&M downgrade expectations unfair, says Liberum


B&M (BME) has had a strong first half to its 2023 financial year but the market is still pricing in material downgrades, says Liberum.

Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 685p on the stock, which was trading down 5.7% at 352p on Thursday afternoon.

The group reported strong six-month results, the first under new CEO Alex Russo, and reiterated guidance.

‘We expect B&M’s leading value proposition to keep driving good momentum from a revenue perspective in the current environment,’ said Tomlinson.

‘Gross margin and the potential need for heightened discounting is the big risk for the rest of the year, but the first half shows management has navigated these dynamics well when required, which gives us confidence.’

He said the shares are down 41% year-to-date – before today’s falls – and now sit at pre-Covid-19 levels.

‘This is despite Ebitda guidance for full-year 2023 – the year ending March – of £550m-£600m, which is 70% higher than full-year 2020, pre-Covid-19, of £342m.

‘The current full-year price/earnings ratio sits more than 40% below its 10-year average, implying the market is still anticipating material downgrades. However, we expect B&M to deliver a resilient performance over the coming months and see good reasons as to why guidance can be hit.’



ciitywire.com

[kalai1] 10/11/2022 14:10

B&M Group plc posted Interims this morning. Group HY revenues increased by 1.8% on the prior year to £2,309m, Group adjusted EBITDA was down to £232m with margin lower at 10.0%. Group statutory operating profit was £249m (H1 FY22: £283m), statutory profit before tax was £201m (H1 FY22: £241m) and statutory diluted earnings per share was 15.7p (H1 FY22: 19.0p). Cost pressures are biting margins, but the business continues to expand with total gross new store openings in H1 FY23 for B&M UK at 10, with another 4 in France and 7 in Heron. The outlook remains solid, trading has been good in the first six weeks of the Golden Quarter, with LFL sales up 2.5% in B&M UK stores and strong sell-through in non-grocery categories. Management reconfirmed previous guidance of FY23 £550m - £600m Group adjusted EBITDA, significantly ahead of the pre-pandemic level of £342m in FY20. Valuation is now reasonably attractive following a 45% share price correction in 2022 so far, forward PE ratio at 10.6x leaves the share attractively valued. Near term share price momentum is lacking, other than that B&M is a share worth owning from here. BUY...

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/BME/611

[lennonsalive] 10/11/2022 14:04

The French story's on opening look amazing , like the B&M uk counter parts. I follow a few people involved with the french group on LinkedIn

[lovewinshatelosses] 10/11/2022 10:51

I thought it was a pretty good update.

[ramellous] 10/11/2022 08:52

5p interim dividend declared for December. In the past, when have the specials been declared?

[livewireplus] 10/11/2022 08:50

Indeed. Look forward to their Heron discount convenience stores expanding further ...

[wad collector] 10/11/2022 08:35

So profit up about 50% on prepandemic levels but share price around same price as pre-pandemic. That seems about typical for the gloomy market now.

[exiledscot] 10/11/2022 08:27

Down 29p at open

[bulltradept] 10/11/2022 07:50

SP up with events though surely?

[livewireplus] 10/11/2022 07:45

Half-Year Report out - solid underlying growth in a tough environment ...

[livewireplus] 08/11/2022 19:58

NEW jobs are set to be created at the B&M distribution centre in Runcorn after expansion plans were given the green light.https://www.runcornandwidnesworld.co.uk/news/23109533.warehouse-expansion-set-create-new-jobs/

[blackhorse23] 08/11/2022 17:54

Early Black Friday deal at CURY (LSE). https://www.eurogamer.net/early-currys-black-friday-deals-2022

[lennonsalive] 06/11/2022 23:35

Store 113 opens in France tomorrow

[livewireplus] 21/10/2022 19:49

B&M set to move into Solihull Retail Park before Christmashttps://www.birminghammail.co.uk/news/midlands-news/bm-set-move-solihull-retail-25325531

[livewireplus] 14/10/2022 15:14

Perhaps you may see Kwasi shopping at B&M tomorrow :-)

[livewireplus] 14/10/2022 12:38

Was in Aldi this morning and it was much busier than the nearby larger Tesco. And the shoppers in Aldi were filling up trolleys with more items than at the Tesco store. I hope that such change of shopping habits with shoppers moving their custom to value supermarkets will also apply to B&M. (Unfortunately there is no B&M close to me otherwise I'd have visited them). (Today I did my majority of shopping at Aldi - but just popped-in to Tesco to get the excellent Burford eggs that Aldi don't have).

[lennonsalive] 09/10/2022 19:34

B&M have just opened their 112 store in France

[lovewinshatelosses] 06/10/2022 14:07

Short interest getting a bit more notable now - 3.39% on short tracker today.

[m_kerr] 06/10/2022 09:53

i think they have a resilient and repeatable business model. there's a headwind they'll be running into though in the coming years - that is the revival of retail parks. 5-10 years ago there was lots of vacancy as a large number of retailers went bust or scaled back, meaning rock bottom rents for the likes of b&m moving in. nowadays there's less vacant space in them, and rents are rising. since they are entirely leasehold they're fully exposed. the rent is roughly about £200m per year.

[philanderer] 03/10/2022 18:31

3rd october..

In the FTSE 100, B&M European Value Retail closed up 2.1% after Bank of America raised the retailer to 'buy' from 'neutral'.

sharesmagazine.co.uk