Bonmarche Share Discussion Threads

[eastbourne1982] 20/11/2017 07:43

Net cash position is excellent, turnaround is happening, these look far too cheap, share price should be 30 - 60% higher.

[w1ndjammer] 20/11/2017 07:34

woosh you can`t ask for more, great long term hold fantastic divi.


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Bonmarche Holdings PLC

20 November 2017

20 November 2017

Bonmarché Holdings plc

("Bonmarché" or the "Company" or the "Group")

Unaudited Interim Results for the

26 week period ended 30 September 2017

Bonmarché, one of the UK's largest women's value retailers, reports its unaudited interim results for the 26 week period ended 30 September 2017.

Financial Highlights:

-- Total revenue up 5.0% to GBP97.8m (FY17 H1: GBP93.1m)
-- Combined LFL sales growth 4.3%; store-only LFL sales up 1.6%, online sales up 38.6%
-- Product gross margin remained level with the same period last year
-- In line with Board expectations, profit before tax of GBP4.2m (FY17 H1: GBP2.0m)
-- Basic EPS was 6.8p (FY17 H1: 3.1p)
-- Inventory levels at GBP23.5m compared to GBP24.8m at the end of FY17 H1
-- Net cash of GBP14.9m at the half year end (FY17 H1: GBP9.8m)
-- Interim dividend of 2.5 pence per share (FY17 H1: 2.5 pence)
Operational Highlights:

-- Grew market share in a difficult trading environment
-- Improved cross-functional working has led to progress in each of the Company's five key strategic areas - product, online, loyalty, stores and systems/processes

-- Product highlights include a relaunched, higher quality, more authentic, denim range
-- Strong online growth, driven by multiple improvements to customer experience and supported by stronger product ranges

-- Successful launch of in-store ordering takes Bonmarché a step closer to being a true multi-channel retailer and is popular with customers and store colleagues alike

-- Progress continues on system upgrades expected to deliver longer term operational and customer experience improvements

Helen Connolly, Chief Executive of Bonmarché, commented:

"I am satisfied with the progress made during the first half of the financial year. I have been encouraged by the way the teams have worked cross functionally to deliver an improved product offer and a better experience for our customers, whether in store or online. We are only at the beginning of the journey in some areas of our strategy and there is a strong plan to support future growth. I do not expect the clothing market to become any less challenging in the near future, and therefore remain focussed on continuing to grow by profitably gaining market share."

[w1ndjammer] 27/9/2017 10:53

steady as she goes nice divi

WJ.

[w1ndjammer] 14/9/2017 18:45

nap 14 thanks for selling me your stock

WJ.

[wynmck] 14/9/2017 18:14

it's due next thurs

[napoleon 14th] 14/9/2017 17:47

Well I cleared out the last 40% start of Sept.
No regrest yet... Y/E soon so may get a TU....
We'll see.

[albanyvillas] 12/9/2017 12:11

Will warn soon

[napoleon 14th] 31/8/2017 14:26

Reduced to 40% of original holding. IMHO it could end up at 75p previous support if this doesn't hold.....Chart not at all convincing

[duncan doughnut] 16/8/2017 18:55

Well Rebel bought over 100k QP. yesterday before they took off and then they were in for a bid today so that will cheer you up no end 2breakout I am sure :-]

[opodio] 16/8/2017 07:30

Poised to move up

[duncan doughnut] 14/8/2017 09:40

I know for a fact you are wrong 2breakout and Rebel has had his big dividend and been buying more.

I also saw him mention the director buying being a small but positive signal.

You really do hold grudges don't you :-]

[albanyvillas] 14/8/2017 08:09

Last chance to buy at 93p on L2

[ed 123] 09/8/2017 15:42

Given you an uptick. :-)

[wynmck] 09/8/2017 15:30

Director Buy....didn't exactly push the boat out though

[ed 123] 09/8/2017 13:13

... to the Championship? ;-)

[middlesboroughfc] 09/8/2017 10:27

finally got in