||EPS - Basic
||Market Cap (m)
Bonmarche Share Discussion Threads
Showing 276 to 298 of 300 messages
"profit warning coming" dlku 21 Apr '17 - 15:31 - 285 of 286
Has it gone worse from 2 days ago :-)|
|profit warning coming|
|Looks an interesting recovery play IMO, not without its risks, but with cash on the balance sheet from what I can see, DYOR< and recovering sales could see city buying into a £1+ recovery price...DYOR|
|Game on !!
DEB reports tomorrow|
|Well not that many years ago since they were bought out of admin.|
|loveandmoney1 - No. They'll be shuttering stores I imagine in 1-2 years. Edinburgh Woollen Mill will probably buying them out of administration via a pre-pack.|
|missed your entry?|
|Rising in the last hour cause is it going to get pumped by a city scribbler maybe?|
|Have they turned around the online business via these 10% discounts offered through banks if you use your debit/credit card with them?
Id like to see when these 10% discounts stop whether their online growth can be sustained. This artificial shot in the arm does not fool me.|
|One 9% dividend I’d buy, and one I’d avoid
This could be a buy
Shares of women’s value clothing retailer Bonmarche Holdings (LSE: BON) rose by 3% on Wednesday, after the struggling group issued a cautiously optimistic year-end trading statement.
Adjusted pre-tax profit for the year ending 1 April is now expected to be between £6m and £7m, towards the upper end of the £5m to £7m range quoted in September last year.
Chief executive Helen Connolly appears to have slowed the decline in sales and turned around the group’s disappointing online operation. Online sales rose by 14.8% during the final quarter of the year, compared to a 1.8% increase for the full-year period.
Like-for-like store sales remained negative during the period, falling by 2.4% during the 13 weeks to 25 March. However, this compares well with the results seen during the first half of the year, when like-for-like store sales fell by 8.6%.
There was no word today on whether Bonmarché’s 7.1p per share dividend is likely to be cut this year. I think there’s a reasonable chance of a cut, but I’m also attracted by the apparent turnaround in sales performance. If this continues into the current year, then I believe Bonmarché could be of interest to value investors.
|Have also added here today. Looks to be stabilising. Mkt cap only £39m. Sterling recovering and sector turning up.
Bonmarché breaks its run of profit warnings
Ashley Armstrong, Retail Editor
19 April 2017 • 11:35am
Bonmarché has broken its run of profit warnings with a slight lift in guidance for the full year after a recovery in online sales and better trading in March.
The over-50s retailer warned that trading still remained challenging and recorded a 4.3pc fall in shop sales over the 53 weeks to April 1, while online sales lifted by 2.2pc.
However, more recent trading indicates an improvement, with shop sales falling by just 0.5pc over the 14 weeks to April 1, and online sales jumping by 15.2pc.
|in for a few here.gl|
I had a look at the website - it works ok & the prices are cheap. I'm no clothing expert but the ranges & presentation do seem a bit dull - aimed at a certain mkt perhaps (mumsy, unadventurous, mature, economical etc). Some online retailers such as BooHoo seem to have the online experience, & targeting their exact audience, down to a fine art form - everything looks fab & gorgeous.
So definitely needs one of these high street style makeovers one would have thought. And perhaps that reflects the slightly outmoded old board too. Lets see if this new CEO brings the required glossy n desirable spark of life rather than just a few new ranges of pants.
I see your reasoning.
You may know ... Helen Connolly (BON CEO) spent 11 years at Asda (George) and rose to be Buying Director.
Sale plan? Nothing near term, I'd say. They need to get their revenues motoring before any thought of a sale, imo.
Clothing retail is very tough in the UK atm. 2017 will be a difficult year for the sector - fall in Sterling will bring margin pressure and rise in minimum wage will increase costs. Also, the average BON customer will be hit across her purchases of all kinds due to price inflation - so will need to cut back a bit on non-essential items.
Imo, it is like Bonmarche are on a moving walkway going in the wrong direction - they will have to run fast to stand still. (Could be wrong, though. We'll see.) (No advice intended.)|
|Hi Ed - yes the news isnt great lol - but wasnt there a tiny blip up in the last qtr - plus in line guidance - portents that the new CEO may at least have stabilised the ship - hence appearance of a potential chart btm. The brave will tend to have a speculative punt here on a successful turnaround before the news arrives. Or at least a little reversion to range mean.
Signs in the news that a new board have a good turnaround plan, intend to execute with purpose, bringing consultants, marketing specialists, online experts for a face lift/rebrand/relaunch will all help - if they materialise. So early days.
One of the advantages of the bowl shape is that its fairly slow & predictable. Of course the RNS will have to bear it out. And if you wait for that news you may miss the btm. Always the pi's dilemma!
Does this new CEO have a good track record & a turnaround or sale plan do we know?
The 20th January update showed online sales had fallen 3.8%. Retailers are generally reporting increases in online sales as customers continue their shift from physical shops to the internet. In this context, Bonmarche had done poorly (albeit less poorly than the previous update.) Bonmarche shop lfl was marginally up. I think that positive performance had some connection with the closing of a competitor - BHS.
Looking back a bit, the trading trend appears to be moving in the less bad but still negative direction. Note also that the profit margin slumped in the interims. My expectation for the April Q4 update is overall lfl slightly negative and profit margin well down on last year.
And the chart? ........... My guess is it continues to track sideways. Bonmarche still has some cash and therefore time to turn itself around. Imo, the market will need hard evidence of trading improvement before the shares begin any uplift.
So, sorry, I don't see you getting your bowl!|
|Haha - well the news will have to improve - but two different targeting systems are pointing to here if it does
free stock charts from uk.advfn.com|
|Would that be a begging bowl? ;-O|
free stock charts from uk.advfn.com|
|Perhaps shares in Sun Partners are a better investment. Bonmarche looks increasingly like a pump and dump flotation.|
|As a boxing fan, we hear people say "Styles make fights" Well, in the fashion industry, these leaders motto should be "Style sells clothes" period!|
|Smithless - your comment is very interesting: "Recent consumer satisfactions reports seem to imply Bonmarche may be turning around its designs and fortunes" could you please give details of the major such reports?|