Bonmarche Share Discussion Threads

[kito692] 06/1/2018 09:13

Just wonder is the problems at house of Fraser may weigh on high street retailers in the short term ? Any views

[chrisb1103] 05/1/2018 09:37

Welcome. It's Fri 19 Jan actually mate :-)

[firtashia] 03/1/2018 11:57

High volume traded today as well as yesterday, presumably nervous holders taking profits ahead of the impending trading statement. I notice though that the share price of several clothing retailers have been given a fillip by NXT's trading statement today. Might be an opportunity to add here.

[mister md] 28/12/2017 10:50

Look at this go... some kind of corporate activity to be expected ?

[chrisis33] 20/12/2017 13:15

Bought some here on Monday - looking good.

[2breakout] 19/12/2017 19:01

Good for him Duncan. Had a great year myself as well. Whats your name on slack as don't recall you ever posting when I was there?

[duncan doughnut] 19/12/2017 15:45

Old Rebel is on his way to one-bagging these now I see now 2b, if he includes his dividend returns, looks like he caught the bottom :-]

[mister md] 19/12/2017 15:07

looking good

[the oak tree] 18/12/2017 16:35

Im not a chartist normally as much prefer the fundamentals, but I would say this chart looks posed for a breakout. Its had its drop, long consolidation period and now about break upwards....IMHO.

[chrisb1103] 18/12/2017 14:09

A breakout ahead of the trading update on the 19th Jan would be bullish :-)
In full recovery mode here I reckon.

[the oak tree] 18/12/2017 09:16

Bought into this one today.

For me its a value play. Don't normally do retail stocks as feel the internet will change the high street but this is a bit of both. Plus the over 50s ladies I reckon will like that combination of having a retail shop they can go into and browse but also putting their order on line when they want....well thats my theory.

New CEO seams to be one of action too.

[s34icknote] 24/11/2017 09:21

Wide spread !Sicknote

[qs99] 23/11/2017 09:24

Haha good one and continuing today it would seem

[s34icknote] 22/11/2017 12:52

Looks like it's on the marche !Sicknote

[s34icknote] 22/11/2017 10:01

Bought some yesterday Looks cheap !Sicknote N a I

[mister md] 22/11/2017 09:32

Price seems to be holding up well

[eastbourne1982] 21/11/2017 12:11

Share price drifting back already which is what has happened previously after decent updates.

This should be taken out by private equity imho.

An offer of £1.50ish would probably seal the deal, that gives a market cap of around 75 million with cash in the bank of circa 15 million, with yearly profits of circa 8 - 12 million that looks like quite a tempting proposition for any interested parties.

[royaloak] 20/11/2017 16:38

Looks a good risk to me now, was able to pick up a few in the crossover auction, there was a seller in size at 96p, most were taken, will be interesting to see what happens at the open tomorrow.

[bakunin] 20/11/2017 11:54

I've got enough experience by now to know that the (stock) market can be very stupid.
See ZOO as an example.
She was obviously a lady with an impressive "work through the ranks", "apprentice-style" track record and an ambitious character.
She's made the ship ship-shape (in the way that she has learned elsewhere), has used her experience to motivate staff to do well and accept change, obviously knows how to segment and please customers with well-designed product offerings, just all common-sense stuff that is more often than not missing at UK corporates and now she has a foundation (organisation and cash) from which to launch new initiatives that will really make her name.
Simple. Bet on the person, not the company.

[walbrock82] 20/11/2017 11:52

Bonmarche interim results look interesting.

Here are a few things for investors to digest:

1). Basic EPS of 6.8 pence more than doubles last year. But the business is weighted towards the second-half.
For example, last year Basic EPS was 9.2 pence and its made up of 3.1 pence (H1) and 6.1 pence (H2). H2 contributes 64% of EPS.
So, if you apply the same ratio, then this year EPS could be as high as 20 pence! Although I like to take a prudent estimate of 14 pence to 17 pence.
2). The majority of Bonmarche trade receivables is made up if prepayments. When you look at their 2017’s annual report, trade receivables were £1.8m while prepayments were £13.3m (made up of prepaying business rates of £9.4m). A high level of prepayments is a sign it is not struggling to pay rates and rent.
3). Their cash balance is growing.

With a market cap. of £49m and a growing EPS makes their share price on a multiple of 8 times earnings, according to brokers’ forecast before interim results. My forecast for Bonmarche EPS is 16 pence or 6.3 times PER.
That is too low for a retailer with a growing EPS! Expect a re-rating.
In the next 6 months, you should expect the share price to grow by 50% to £1.35 and if the recovery continues than £2 per share in 18 months isn’t out of the question.


For more Bonmarche analysis, click

[eastbourne1982] 20/11/2017 11:03

Yes the new CEO seems to be turning things around.

Profit before tax of £4.2m for the half year.

Just say BON makes £9 - £10 million for the full year with net cash of circa £14 - £18 million.

A market cap on those figures of circa 80 - 120 million seems relatively realistic, market cap is currently 50 million.

In theory this area of retail shouldn't be a bad place to be especially if online sales continue to improve.

Much to like about BON in terms of value however the market doesn't seem as convinced.

[bakunin] 20/11/2017 10:26

This was so easy.
Just bet on a dynamic, competent new CEO who obviously wants to make a name for herself.
Real improvements to the company yet to kick in. Just set the stage for them up till now.

[eastbourne1982] 20/11/2017 08:41

Net cash jumped over 5 million, cash flows look superb relative to market cap and valuation.

[aishah] 20/11/2017 08:36

patience paying off here. Decent update.