B&m European Value Retail Share Discussion Threads

[grabster] 14/11/2024 08:05

up 3% in opening 3 minutes pausing at Nov 4 (392.6) close ..

[shah44] 14/11/2024 07:51

Think they announce this after Christmas trading?

[garycook] 14/11/2024 07:47

So no 20p Special ?

[grabster] 14/11/2024 07:42

Financial results (unaudited)





H1 FY25
H1 FY24
Change

Group revenue
£2,644m
£2,549m
3.7%

Group adjusted EBITDA2 (pre-IFRS 16)
£274m
£269m
2.0%

Group adjusted EBITDA2 (pre-IFRS 16) margin %
10.4%
10.5%
(18) bps

Group adjusted operating profit2
£258m
£263m
(1.8)%

Group statutory operating profit
£235m
£275m
(14.6)%

Group statutory operating profit margin %
8.9%
10.8%
(190) bps

Post-tax free cash flow5
£73m
£143m
(49.2)%

Group cash generated from operations
£303m
£352m
(14.1)%

Group statutory profit before tax
£169m
£222m
(23.8)%

Adjusted (pre-IFRS 16) diluted EPS2
14.7p
15.4p
(4.8)%

Statutory diluted EPS
12.3p
16.3p
(24.9)%

Ordinary dividends6
5.3p
5.1p
3.9%

[garycook] 14/11/2024 07:24

WAs any 20p Special announced for January.Like the last 3 years ?

[arja] 14/11/2024 04:19

grabster,
just perused the chart again and you are correct and no real support until about 320 area. I guess today's results will determine if a meaningful bounce is likely . I live in OZ at present and midday here with 3 hours until announcement .

[grabster] 13/11/2024 20:55

B&M were in the running to buy up most of the Homebase chain that fell into administration today but it went to the owners of The Range instead. (the same outfit bought the Wilko brand last year after that had closed its doors)

[grabster] 13/11/2024 08:42

arja - downtrend is from much further back than would be accounted for by latest results alone.



and from ProActive Investors a few days ago:

Will discounter B&M post more ‘curious’ financial results?
Published: 15:55 07 Nov 2024 GMT

B&M European Value Retail SA (LSE:BME)’s full-year results back in June were something of a headscratcher, with analysts querying the “curious” omission of forward-looking guidance and “elusive” volume data.

B&M’s lofty stated target of establishing “not less than 1,200 B&M stores” in the long term was also scrutinised.

As Shore Capital Markets’ retail analyst Clive Black put it, “hostage to fortune comes to mind, as competition, attrition and cannibalisation must build”.

Whether B&M’s management has taken note or not will be discovered when the FTSE 100-listed company posts its first-half results on Thursday, 14 November.

Investors will be eager for some optimistic numbers, given that shares are currently down more than 30% year to date.

[arja] 13/11/2024 08:16

wonder if insiders have been selling and it could be why the share price has been in a downtrend . technically illegal of course but hard to prove :)

[arja] 12/11/2024 08:16

thanks for mentioning date of interims and I will certainly not short it any more ahead of announcement as that is a NO NO :). Just closed my BME short and must go out now anyway .

[wad collector] 11/11/2024 08:17

Interims Thursday.

All retailers are hit by the NI rise; prices will rise, but are BME hit more?

[bulltradept] 10/11/2024 20:26

Looks like BME may well get goosed because of the NI insurance and the switch to pay those contributions.

Short down to £3 perhaps?

[arja] 09/11/2024 09:14

I do not follow the fundamentals as closely as you do Muzmanoz and maybe I have got it wrong . As I mentioned , I am just a simple chartist and have been shorting this stock in a modest way because of the steady downtrending chart pattern . Good luck with it if you hold stock

[muzmanoz] 08/11/2024 11:16

Isn't debt to equity skewed y leases and ifrs 16On nic. Weatherspoons and Mands put the cost of the budget at £60m (45,000 and 65,000) employees.

[arja] 08/11/2024 09:36

In notice that it;s debt/equity ratio is very high and not good even though interest rates MAY fall further , BUT TRUMP;s policies SHOulD mean higher inflation and hence higher interest rates . Consumers pay the price for tariffs oon impporteed goods indirectly

[nakedmolerat] 08/11/2024 09:09

lots of retailers are holding back on christmas staff this year, so probably looking to make cost savings

[arja] 08/11/2024 08:35

it is a while since I followed BME and shocked to find it is now in a clear downtrend as the chart shows . Further to fall it seems but might be a small rally before that happens :)

[backmarker] 07/11/2024 08:16

The NI hit may be around £15m. About 5% of profits. Significant but not catastrophic. And as has been suggested some will be recovered through higher prices. Not enough to explain the weakness in share price

[tonytyke2] 06/11/2024 15:57

Muxmanoz, No, I think we Joe public will get hammered for this. Pubs, restaurants, supermarkets etc will just up their prices accordingly so we will pay for it.

[nakedmolerat] 06/11/2024 15:31

seems to be on a downward trend under the 200 moving average, i would to see it move up above this line before investment in b&m

[muzmanoz] 06/11/2024 15:25

It's going to get hammered by the changes to national insurance contribution changes. A large proportion of its employees are on 16 hour contracts which will be subject to nic. Say 65% of 35,000 employees at £615 an employee.

[backmarker] 06/11/2024 15:21

I've already started picking up a few at these lower levels.Next week's update should reveal whether the steady down rating of this share has been justified. This has appeared to be a very tightly run company so I shall be surprised if anything has gone disastrously wrong - if at all.In any event there surely cannot be much downside from these levels. Famous last words?

[tonytyke2] 06/11/2024 14:29

Oh by the way, it passes 6 long screens on Stocko at the moment, covering income, value and quality.

[tonytyke2] 06/11/2024 14:24

Mmmmm.....but near 35% down YTD, it's entered my buy zone target area.Just looks increased value now, all forecasts on Sharepad for Turnover, Profit and EPS for 25, 26 and 27 all showing growth. Obviously a profit warning would impact such projections, but I'm going to get some funds ready to go here now.

[backmarker] 05/11/2024 08:16

Looking back, on 23Sept UBS had a price target of 390 for BME. So they got that right.