B&m European Value Retail Share Discussion Threads

[cestnous] 28/8/2024 11:06

Sold. Going nowhere. Opaque options dealing not a good sign. Took a loss of 3%

[backmarker] 16/8/2024 14:03

Well I'm glad I'm not holding BME at present as I have clearly got this call completely wrong.Based on the CEO's last (and previous) presentations (which I found convincing) I'd say this company is substantially undervalued.But after a brief bounce on the results it has fallen away again.Is it something as simple as an insti deciding to dispose of a large holding that is weighing on the sp, or is it something else that hasn't yet come to light.I will continue to watch with interest.

[backmarker] 12/8/2024 20:39

The RNS didn't state the exercise price of the options. So it's impossible to tell how much of a bonus each of them is really getting. If they are nil-cost AND nil-exercise then they are getting a lot, as in effect they are FREE shares. If the exercise price is the current share price then they are only getting the difference between the current share price and whatever the share price is on exercise, with no risk of loss if the share price goes down.

[muzmanoz] 12/8/2024 15:53

Christmas gifts and gadgets out in B&M. From what I hear they are on a big cost drive and they're struggling to retain staff.

[backmarker] 12/8/2024 15:27

And still going down.Fortunately I cashed in my few for break even as I wanted the cash for another play.Will be back in again soon.

[backmarker] 08/8/2024 11:53

I bought a few as well. I thought they'd have been 500+ by now, following good results.It's a puzzle.

[shaker45] 08/8/2024 08:56

Just bought back in on this down day. Seems perverse that it's down 25% this year. Should benefit from stretched consumers looking for bargains surely.

[lennonsalive] 02/8/2024 08:50

I think sales are fine and I went to a couple of stores recently to see they are well stocked and busy

[backmarker] 01/8/2024 14:32

Sudden drop this afternoon. Are the punters now worried that with the bit of good weather BME don't have any outdoor stock to sell ?

[backmarker] 23/7/2024 06:52

Insists should have had enough time to digest the trading update and decide whether they are going to commit funds to BME. Generating the cash to invest from either sales of other assets or from new income may take a little longer.On the assumption that BME is worth the investment I would expect to see a stronger performance over the next couple of weeks to take us to at least 500p initially.

[backmarker] 22/7/2024 07:21

17 July. Barclays cuts BME target from 615 to 600, overweight.

[lennonsalive] 18/7/2024 07:22

Dunelm unaffected by container freight rates

[backmarker] 18/7/2024 05:36

Oh dear ! For 30 mins yesterday the plan was going so well. Having spent the last 6 months watching BME and failing to fathom it's daily, even weekly, moves I thought maybe I thought I'd found a point where the trend should be clear. I should have known better.No disaster, and at least I got Tuesday very right. But on a daily basis the track of the BME share price remains an enigma to me.But with a price target of 690 I very happy to let my new core holding run, and let my additional day trade turn into a multi day trade in the hope that we will hit 500 in short order.Happy hunting guys.

[philanderer] 17/7/2024 18:56

On my watchlist :-)

[gswredland] 17/7/2024 15:14

Thanks for posting Phil

[philanderer] 17/7/2024 13:17

B&M is a ‘clear buy’, says Peel Hunt


The ‘bloodbathR17; expected in the B&M European (BME) quarterly update has not emerged and Peel Hunt says there remains a ‘highly attractive equity story’.

Analyst Jonathan Pritchard retained his ‘buy’ recommendation and target price of 690p on the Citywire Elite Companies A-rated discount retailer, which rose 4.6%, to 467p on Tuesday after it reported a dip in sales in its first quarter.

Pritchard said that the result was ‘perfectly acceptable’ given the ‘exceptionally tough comparative’, and that new stores have started well, ‘ahead of management expectations in both sales and profit terms’.

‘The bears were expecting a bloodbath, but forecasts are set to remain largely unclipped,’ he said.

‘With the shares having had a torrid time of late, we expect them to do well short and long term: we see a highly attractive equity story here, and with special dividends likely to remain a feature, it is a clear “buy” to us.’


citywire.com

[backmarker] 17/7/2024 07:14

Couldn't believe it. The share price dropped a few pence first thing. I had sold another share late yesterday afternoon so had a little cash and was able to pick up a few more of BME at 462.8. Hoping for a quick trade out later today.

[backmarker] 17/7/2024 05:21

Looking at the chart over the last year it was a puzzle to me that the share price had been swinging in a slight downward trend. Why ? All the announcements had been positive, the business was being tightly run.Then came the drop of the last few weeks from 550 to 450. Weather and shipping costs seemed to be the main concerns. But we now know these did NOT actually impact the business adversely, instead the business was very profitable.Unless I'm missing something it seems to me that as a minimum the share price ought to get back to 550. Then because the business is actually growing the previous downtrend should turn to an uptrend thereafter.But even just getting back to 550 seems to me a very low risk return of 20%, maybe within a month.

[gswredland] 16/7/2024 17:44

I bought in this morning.
Sensible I would say back. That chart is looking good!

[backmarker] 16/7/2024 15:32

Was tempted to join the profit takers with some of my holding once they hit 470, but these could easily cruise to 500+ in the next few days and I reckoned there was more risk of missing out on further rises than successfully trading the dips. Greedy or sensible ?

[rimau1] 16/7/2024 12:04

They have opened 19 ytd and are on track to open 45 by end of the year. All new stores are performing ahead of expectations.

[backmarker] 16/7/2024 10:01

I think they said 20 new stores this year.

[lennonsalive] 16/7/2024 09:00

On LinkedIn some of the managers post new store openings, always seems to be one a week somewhere

[backmarker] 16/7/2024 08:25

I am listening to the phone call session and the summary is that Q1 was very profitable. They anticipated weather and didn't have to discount garden lines. The CEO sounds extremely confident. The business is run very scientifically and very tightly. It's all very impressive.

[rimau1] 16/7/2024 07:26

I have fy eps at 40p and bought in on the bell this morning so i think we are on 11x, held off buying recently as i had concerns around freight costs. Nothing mentioned. Store roll out on track, comparatives ease in H2 and no flies in the ointment.