B&m European Value Retail Share Discussion Threads

[niklol] 05/2/2023 18:48

It comes from overseas so always late. Checked with HL Friday
Should be Monday

[sllab101] 04/2/2023 15:57

https://www.dividendmax.com/united-kingdom/london-stock-exchange/retailers/bandm-european-value-retail-sa/dividends

[northernfrank] 04/2/2023 07:21

Is the dividend paid on Monday?

[robert0taylor] 03/2/2023 10:52

Deutsche Bank upgrade to buy with target price of £5.80. Encouraged by general European performance

[kanwar] 02/2/2023 21:00

Taken very healthy profits today...lovely.

[wad collector] 02/2/2023 18:29

Yes new 8 month high and almost back to my starting price!

[lyceeuk] 13/1/2023 22:02

Div in the bank and climbing again :):):)

[hiddendepths] 13/1/2023 17:25

That was some auction! 894,000 at 439.8!!!

Someone wants them at this level.

Don't agree ES. I just think of it as a very nice 17p special div.

[exiledscot] 12/1/2023 10:59

Ex dividend today hence share price down. Don’t think special dividend excellent at all. There is a withholding tax of 15% in Luxembourg where B&M registered. You pay no stamp duty on buys but after the first year you throwing 15% down the drain on every dividend.

[wad collector] 11/1/2023 18:59

Maybe not that significant , given that it was a maiden purchase.
More significantly , the CEO has not sold 40 million shares yet! He did this time last year and altogether 140 million of his 210 million shares in the last 5 yrs.

[gorse] 10/1/2023 15:45

Wife of CFO spends £22k buying shares of the company .... that's a good sign,, I'd say.

[wad collector] 05/1/2023 09:21

Looking at the share price rise in the last week and the muted response to good figures, it almost seems as if this news has leaked....
A week now before it goes Xd .

[ramellous] 05/1/2023 07:05

20p special divi announced. Excellent 👍

[ramellous] 04/1/2023 14:38

A good exercise in a classic inverse head and shoulders pattern breaking out here. If theory holds, the next target of 500p should come soon.

[wad collector] 03/1/2023 23:09

Almost , it is the TU.
I like the look of the recent share price rise ahead of it.

[kanwar] 09/12/2022 13:06

Results 5th January 2023 I believe.

[livewireplus] 06/12/2022 19:14

JPMorgan Chase & Co. increased its price target for B&M European Value Retail (LON:BME) to GBX 555.https://beststocks.com/jpmorgan-chase-co-increased-its-price-target-fo/

[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