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BME B&m European Value Retail S.a.

362.70
7.70 (2.17%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
B&m European Value Retail S.a. LSE:BME London Ordinary Share LU1072616219 ORD 10P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  7.70 2.17% 362.70 29,215,140 16:35:12
Bid Price Offer Price High Price Low Price Open Price
363.80 364.10 364.10 351.60 352.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 5.48B 367M 0.3656 9.95 3.56B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:50:08 O 4,234,882 362.70 GBX

B&m European Value Retail (BME) Latest News

B&m European Value Retail (BME) Discussions and Chat

B&m European Value Retail Forums and Chat

Date Time Title Posts
18/12/202422:28B&M European999
24/8/202216:21B & M Group17
24/7/201910:25Balsas y Mercados Espanoles5

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B&m European Value Retail (BME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-20 17:15:00362.704,234,88215,359,917.01O
2024-12-20 16:50:13362.701,2204,424.94O
2024-12-20 16:48:13362.701,158,1904,200,755.13O
2024-12-20 16:47:02360.5967,530243,504.40O
2024-12-20 16:42:01362.7091,630332,342.01O

B&m European Value Retail (BME) Top Chat Posts

Top Posts
Posted at 21/12/2024 08:20 by B&m European Value Retail Daily Update
B&m European Value Retail S.a. is listed in the Misc Retail Stores, Nec sector of the London Stock Exchange with ticker BME. The last closing price for B&m European Value Retail was 355p.
B&m European Value Retail currently has 1,003,774,470 shares in issue. The market capitalisation of B&m European Value Retail is £3,652,735,296.
B&m European Value Retail has a price to earnings ratio (PE ratio) of 9.95.
This morning BME shares opened at 352.40p
Posted at 19/11/2024 16:14 by scobak
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.
Posted at 18/11/2024 09:59 by backmarker
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.
Posted at 15/11/2024 14:40 by grabster
Some very negative reactions and question marks reported in The Grocer mag. Mostly to do with what B&M (suspiciously!) didn't say rather than what it did say:


B&M faces ‘moment of truth’ after mixed results
By Harry Holmes14 November 2024

B&M Bargains
Analysts were split on the half year results


---
B&M faces a “moment of truth” over the Christmas period after splitting opinion on its financial results for the first half of the year.

The company maintained its profit guidance for the full year after group revenues rose 3.7% to £2.6bn due to strong volume growth.

“This is a good performance as we annualise a record prior year of earnings growth with strong first half comparatives,” said CEO Alex Russo.

However, like-for-like sales in the UK fell 3.6% meaning most of this growth was fuelled by opening new stores. This is worrying some investors, who are concerned about the company’s climbing lease liabilities.

B&M opened 39 new stores in the six months to 28 September as it looks to hit its long-term target of 1,200 UK stores, up from 764 today.

“Discount chain B&M has had a rough year and while these latest first-half results didn’t exactly knock it out of the park there was enough encouragement for investors to latch on to,” said AJ Bell investment director Russ Mould.

B&M’s share price has struggled this year, with its price down 34% relative to the all-share index. Many investors are wary of the retailer’s history of vague forecasting and these results, unusually, did not include any mention of its performance in the latest third-quarter.

“There may be a touch of disquiet at a lack of guidance on third-quarter trading and the ‘golden quarter’ could be a moment of truth for B&M,” said Mould. “It faces a tough competitive environment, with pressure not only from direct rivals like Home Bargains but also the supermarkets.”

While the early reaction in the markets was largely positive with B&M’s share price up 5%, there continue to be dissenting voices.
B&M has been a bit of a rags-to-riches story, however, the engine has cooled materially and this H1 performance fulfils all of our prior apprehensions,”; said Shore Capital analyst Clive Black.

Black raised concerns over B&M’s transparency, pointing to its reporting of like-for-like sales (LFL) in the UK but excluding the information for the whole group. This is “brewing a storm and is somewhat cowardly”, said Black.

He added: “The erosion of reporting transparency, largely around LFL sales, is a sign of weakness not strength to us in B&M’s headline performance, as if market participants will not suss it out,” he added.

Elsewhere, however, the reaction was more positive. “B&M’;s laser focus on price means its value-for-money advantage is widening and volumes are growing, especially and crucially in non-food,” said Peel Hunt. “We expect continued strong sales-led growth, towards the top end of our structural growth subset.”

Bobby Arora, the group’s trading director who bought B&M with his brother in 2004, will retire in March 2025 and be replaced by Gareth Bilton, who has been with the company for 25 years.

B&M is also planning a new imports centre in Cheshire to support its hundreds of new stores. This will manage inbound container flow and optimise the capacity of its five distribution centres.
Posted at 01/11/2024 09:18 by backmarker
I wondered whether BME was being shorted, and of course it is. It is currently shown at 2.72, down a little on last time. I assume that is because as the share price drops the potential profit from shorting reduces so short positions are reduced.Fwiw, BME has a slightly lower figure than Sainsbury or Morrisons.
Posted at 02/10/2024 12:34 by backmarker
At the last presentation we were given to understand that BME had freight costs covered.It will be another month before we get the interims. That may actually work for me as I am currently fully invested. However I may well have some cash by then and depending on the results and forecast I may well reinvest here. To me the company seems tightly run and I cannot understand why the share price has been falling rather than rising. But Mr Market likes to play his games and get inside people's heads. So sitting on the sidelines waiting for news seems a sensible course of action for now.
Posted at 23/9/2024 13:04 by kenmitch
In case this helps a bit. Two possible reasons for the continuing fall in the share price:-

1. Outlook statements this year have been vague on prospects unlike in the past. I sold for that reason on the fall in January.

2. Concern about Chinese Company TEMU muscling in on their business. BME haven’t yet mentioned this worry, but nor did BOO or ASOS before their share prices crashed.

I’ve now reluctantly sold Dunelm (a superb shop we use a lot) for that same TEMU reason.
Posted at 28/8/2024 15:28 by backmarker
I don't blame you. On the basis of what has been made public BME should imho be well over 100p higher.Normally their reporting seems very clear, precise, even formal. But the reporting of those option grants - which I took to be part of an incentive package - was anything but.I watch and wait, but have no appetite for these right now, and it would seem there are many who have similar feelings as the share price continues to look sickly.
Posted at 12/8/2024 20:39 by backmarker
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.
Posted at 18/7/2024 05:36 by backmarker
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.
Posted at 16/4/2024 09:02 by backmarker
Saw the RNS this morning. It looked OK. Sp down another 10.Didn't make sense, so bought a few. Listened to the call-in. Sounded positive. Sp up a bit. Tempted to add a few, but let's see where we go first.I still don't understand the BME share price movement. From when I first started tracking BME at beginning of the year it has steadily gone up 50p then reversed and steadily gone down 50p.Maybe it's not about understanding the share, but about following the pattern.
B&m European Value Retail share price data is direct from the London Stock Exchange

B&m European Value Retail Frequently Asked Questions (FAQ)

What is the current B&m European Value Retail share price?
The current share price of B&m European Value Retail is 362.70p
How many B&m European Value Retail shares are in issue?
B&m European Value Retail has 1,003,774,470 shares in issue
What is the market cap of B&m European Value Retail?
The market capitalisation of B&m European Value Retail is GBP 3.56B
What is the 1 year trading range for B&m European Value Retail share price?
B&m European Value Retail has traded in the range of 324.80p to 580.00p during the past year
What is the PE ratio of B&m European Value Retail?
The price to earnings ratio of B&m European Value Retail is 9.95
What is the cash to sales ratio of B&m European Value Retail?
The cash to sales ratio of B&m European Value Retail is 0.67
What is the reporting currency for B&m European Value Retail?
B&m European Value Retail reports financial results in GBP
What is the latest annual turnover for B&m European Value Retail?
The latest annual turnover of B&m European Value Retail is GBP 5.48B
What is the latest annual profit for B&m European Value Retail?
The latest annual profit of B&m European Value Retail is GBP 367M
What is the registered address of B&m European Value Retail?
The registered address for B&m European Value Retail is 68-70, BOULEVARD DE LA PETRUSSE, LUXEMBOURG CITY, LUXEMBOURG, L-2320
What is the B&m European Value Retail website address?
The website address for B&m European Value Retail is www.bandmretail.com
Which industry sector does B&m European Value Retail operate in?
B&m European Value Retail operates in the MISC RETAIL STORES, NEC sector

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