Bonmarche Share Discussion Threads

[sweepie2] 13/12/2018 07:26

Markets are hammering any shocks and this was abit of a shocker update

[onjohn] 13/12/2018 07:07

Profit warning
Dividend at risk now flagged


40p today?

[mister md] 20/11/2018 13:24

I think "the market" is coming to the same conclusion... share price now up on the day

[aleman] 20/11/2018 11:23

No comments on the interims? I thought they were okay given recent statements. The commentary even sounded a bit more hopeful. The dividend is still expected to be maintained and the balance sheet improved by about £1.6m net of intangibles over 12 months and does not look weak. Operating cashflow before working cap changes only fell from £6.7m to £6.2m. That's not a bad showing at all when you consider how the year has gone. Probably the best news is that online growth went from +27.3% in Q1 to +30.8% in Q2 so is now big enough at 12%+ of sales to offset bricks and mortar falls. It bodes well. They will probably close a few weaker stores and , even if they don't, store rents are falling. I think there is more hope here than a 10% yield would suggest.

[aleman] 20/11/2018 11:17

Double posted

[aleman] 06/11/2018 11:17

Rising a touch ahead of results? New Look closing more stores than expected seen as positive, perhaps? The target age is different but prices look simmilar and there will still probably be a little overlap.

[mister md] 27/9/2018 10:07

all clothing stocks hammered again - Moss Bros also another day of downside ...

[aleman] 27/9/2018 09:49

Tough call, MD. They said profit would have been flat at constant exchange rate, despite the impact of weak high street and weather, so that makes things not quite so bad. I'm struggling with the weather thing, though.

The continuation of warm weather for an extended period may have delayed demand for early autumn stock,

We've had central heating on for weeks after switching it on the earliest ever because of cold nights. August was marginally cool and September has been slightly cooler than average. Where does extended warm weather info come from?

[mister md] 27/9/2018 08:28

Took some at 82p ...

[mister md] 27/9/2018 08:17

Aleman, views please ?

Tempted to get back in - no debt and divi maintained ?

[jane deer] 26/7/2018 11:24

To be clear, I will not be at AGM

[jane deer] 26/7/2018 09:01

Is amyone here going to the AGM today?

[wynmck] 09/7/2018 11:51

RNS Artemis increasing

[thorpematt] 04/7/2018 20:10

I would have said that closing marginal stores made more sense than forcing staff into contracts they don't want and would find seriously difficult to adhere to.

Travelling any distance in the UK these days takes time and money. I'll bet a lot of shop assitants are part time with child care commitments too. Not sure this is a good call.

Staff are key in all this and pi55ing them off is rarely a good idea. Better to foucus on the business model and its efficiency rather than attempting to squeeze enhanced profits from the very people you need to help produce them.

[aleman] 04/7/2018 19:06

Calvetron's Eastex brand is a direct competitor to BON. I don't know the ins and outs but suspect this might slightly benefit BON's sales after a couple of months of closing down sale.

[wynmck] 29/6/2018 11:26

so next news at AGM 26 July

[aleman] 27/6/2018 18:41

I'll bet there is a trade off here. Accept the new contracts and store numbers remain broadly flat with lower, more flexible staffing. Reject the terms and some marginal stores close. This is purely speculation on my part.

[aleman] 27/6/2018 18:30

7% of employee benefits expense is about £3m. The news could have a significant effect on profit and eps, not that a straight cost saving is ever that simple. Shares often rise on significant cost cutting announcements, though it depends on the circumstances. Should it have been RNSed?

[wynmck] 27/6/2018 18:28

imagine 25 miles on public transport in this weather!
seems a bit harsh.
xd at close today

[aleman] 27/6/2018 18:07

I've mixed views on this. Cutting costs and more job flexibility is great but you need to have happy staff. I wonder if it is a negotiating ploy and will end up as 10 miles and 50 jobs? Bon employ a little under 2k employees in 325 stores.

[napoleon 14th] 25/6/2018 00:18

A retrace would indeed be tempting,
but undercurrents in the markets advise caution...