B&m European Value Retail Share Discussion Threads

[action] 20/11/2024 08:59

Low of the year but based in Luxembourg.

[bulltradept] 19/11/2024 16:21

Already in I think.

[scobak] 19/11/2024 16:14

Dividends are now telling an interesting little story. The last 3 divis within this last year (15/12/23 5.1p, 9/2/24 20p special, 2/8/24 9.6p)gives a return of 34.7p.
at the current share price of just under 350p this gives a divi of 10%.
Now I find that compelling and when a bottom appears to have been reached I will be adding.
I do know about the Lux witholding tax which comes off this.

[lennonsalive] 19/11/2024 12:22

Sadly we have a socialist government so nothing surprises me when it comes to stifling and crushing growth

[r2oo] 19/11/2024 08:43

Seems extremely oversold now with a PE of 1012 month RSI now 19Dividend Yield 10%I'm so tempted to top up soon once the one stops falling but it's already 3.5% of my total investments.

[ianguerin] 19/11/2024 08:06

What do readers make of the 10.8million shares bought (?) at 374p, late yesterday? Just a misprint, although A J Bell have yesterday's closing & today's opening prices both above 370p ?

[lennonsalive] 19/11/2024 07:44

Will retailers will be looking at making savings via efficiency's, redundancy or passing on costs to the consumers.

[arja] 19/11/2024 07:23

yes, dreadful looking chart and every mini intra day rally attracts sellers and then goes lower . Wonder what today will bring and chartwise it might be heading for about 300 area WHERE SOME support.

[kenmitch] 18/11/2024 18:19

I reluctantly sold both BME and Dunelm a while ago. The reason? Fears that Chinese Company TEMU will do to both of them what SHEIN did to BOO and ASOS. I.e they way undercut the prices ASOS and BOO we’re charging. And to think SHEIN is likely to ipo on the UK market!

[rmorris94] 18/11/2024 17:23

Yeah wouldn't advise anyone else get in. Reckon I'm diversified enough and got a long enough time horizon to be ok... a lot of uk supermarkets are being hit by the budget.

[roguetraderuk] 18/11/2024 17:05

well jesse livermore did say one of the key things to avoid was buying shares that are going down. it seems to be one of these cases where there may be a lot to hang your hat on but technically these look awful.

[rmorris94] 18/11/2024 17:02

Didn't see any issues. Increased position about 25%.

[grabster] 18/11/2024 14:18

I wouldn't have thought that the scale of this morning's issue announcement would explain the drop - but the drop began 2.45pm Friday anyway. And even if that was due to a US leak of today's info the effect seems disproportionate. So is it something else altogether?

[jsg123] 18/11/2024 13:42

Earning guidance upped from last year, dividend payouts increased to 40-50 in last weeks statement.
Suspicious really, maybe an effort to allow funds to load up prior to possible nice special announced in January.

[backmarker] 18/11/2024 13:33

In a way it's comforting to know I'm not the only one to be baffled, but I'd rather understand what is driving the share price Clearly the market does not have confidence in the company but I want to understand why not.Is it the debt? Doesn't appear excessive in any way to me.Is it Russo? He doesn't seem to be a warm character but he seems to be clear on how he is driving the company. So is it his vision that investors don't like.Or is it shorter that have spooked the market - in which case a rebound should occur in the near future.I would really like to get to the bottom of what's going on. But I have the feeling that this won't be clear until the next year or two has played out and it becomes clear that either Russo has it right or it becomes evident what he has been doing wrong.

[jsg123] 18/11/2024 13:20

Don't know where you saw that seemed to be flatish the day it was announced last year, then rose for the next 6 weeks.
This has lost 10% in 1 day since Friday AM. Baffled by this

[muzmanoz] 18/11/2024 11:10

As for the drop today today it dropped last November when they announced a bond raise. But they had to refinance the 2025 bonds.

[philanderer] 18/11/2024 10:26

B&M European led the laggers, losing 2.4%.

It announced a GBP250 million senior secured notes offering due 2031, which it said will support store expansion and inventory amid shipping disruptions.

RBC meanwhile has cut its price target for B&M to 500 pence from 550p, but maintained its 'outperform' rating.


Market report Alliance News

[backmarker] 18/11/2024 09:59

I started following BME at the beginning of this year and have been puzzled by the share price movement ever since. On the face of it the company seems to be doing well, or am I just beguiled by Russo's spartan oration.But this latest drop is quicker than the previous reactions to trading news, so something is clearly amiss, but I don't know what.I am always willing to learn, and this seems like an excellent case to focus on.Is it that the plans are too grand that is worrying investors; opening so many new stores, a huge new distribution centre on the way, are these signs of overextension?Is it that the stores can only provide so much profit each and once they reach that ceiling the only route to growth is more stores until that hits a ceiling too?Maybe Russo's trick is to focus purely on price/value for now, then switch to building margins once he has increased the retail base.It will be interesting to watch and learn, though I wish there was more info and analysis that I could access.

[arja] 18/11/2024 03:29

the ftse 100 FUTURES WELL up since UK close on friday and might just help BME as market should be bullish . But chart does not lie and Sadly there might be more downside .

[grabster] 17/11/2024 23:59

That closing 90 minutes on Friday was brutal.

[grabster] 17/11/2024 23:57

... like-for-like sales in the UK business remain 3.6 per cent lower than last year, with growth fuelled purely by new store openings. This has concerned analysts in the past, not least because it means B&M’s lease liabilities keep climbing. Net debt to adjusted Ebitda including leases rose from 2.4 times to 2.5 times in the period.

News from the boardroom may also have worried investors. Bobby Arora – the group's trading director who bought B&M with his brother in 2004 – will retire in March 2025. Although he is to be replaced by Gareth Bilton, who has been with the company for 25 years, analysts warned that the market may be “miffed”.

Profits require close scrutiny too. While adjusted Ebitda edged up to £274mn in the period, adjusted operating profit declined by 1.8 per cent and statutory numbers were hit by £23mn of adjusting items.

Shares in B&M have struggled this year, and the group looks cheap on a forward price/earnings ratio of 9.7, versus a five-year average of 14. However, forecasting tends to be a little vague at the retailer and we are concerned by the UK’s lack of like-for-like growth. Downgrade to hold. (Jemma Slingo at IC)

[ianguerin] 17/11/2024 20:21

Peel Hunt: B&M shares cheap

hxxps://citywire.com/funds-insider/news/expert-view-burberry-science-in-sport-keller-boohoo-b-and-m/a2454471?page=5

[grabster] 15/11/2024 16:08

The 5% spike from release of those results didn't last long.