Brammer Share Discussion Threads

[redartbmud] 18/5/2015 09:41

Well out of sorts for now.

[toffeeman] 06/5/2015 18:04

Gap closed - don't think others moved 8% at the end of the day!

Either it's a blip or somat's oop we will see in the morning.

A close above 420 tomorrow is bullish!!!

[broadwood] 06/5/2015 16:37

Funny price movement today. Noticed others have also bumped.

[broadwood] 17/4/2015 10:01

Brammer board have been doing well enough.

I bought in March 2010 at 127.50.

Not so sleepy then.

[toffeeman] 15/4/2015 15:45

Somat oop? big volume today

[toffeeman] 25/3/2015 16:08

Yep bet sleepy old Brammer board are sh1tting themselves - might actually have to do some directing!!

[broadwood] 25/3/2015 10:02

toff - thanks for that.

Our Investment Approach

Kabouter’s investment approach is premised on the belief that great changes often create great opportunities. Specifically, we believe that technological and political changes underway today are likely to continue to drive growth in many parts of the global economy, and that one of the best ways to participate in that growth is to invest in selected international small cap equities. Due to structural market inefficiencies, many of these stocks are often available at attractive prices.

Our strategy is to invest in undiscovered companies in long term growth industries overseas and hold them until they become discovered by large institutional investors. Our goal is to benefit from both the earnings growth and from a re-assessment of the stock’s value – an effect that occurs once those large institutional investors buy in. In addition, Kabouter sometimes engages in various forms of friendly shareholder activism intended to help the companies we invest in become more attractive to institutional investors sooner than they otherwise
would

[toffeeman] 24/3/2015 15:10

Yankee buying?



Wish I'd had the guts to buy at 310

[broadwood] 24/3/2015 09:52

Wow - strong rise again today. Would be a miracle if it holds until 4.30 though.

[toffeeman] 16/2/2015 11:10

Do they always plummet on results?

[broadwood] 16/2/2015 10:05

Finals tomorrow.

[redartbmud] 06/2/2015 17:43

broadwood

See you have escaped from your hutch. No ramping now.


red

[broadwood] 06/2/2015 16:36

Nice move today - results soon.

[broadwood] 05/12/2014 15:34

Germany helping today. Strength at last?

[toffeeman] 04/12/2014 16:11

Or gap will close!

[toffeeman] 20/11/2014 12:01

Approaching 240 as a place to buy with a stop at 210?

[redartbmud] 07/11/2014 22:23

deadly

You are right of course, but they do state:

As a consequence of weaker than predicted UK trading combined with a deterioration in market conditions in Europe it is expected that underlying profit before tax will be approximately £35 to £36 million for the full year.

It must have hit them very quickly, and the way that they report their figures means that it is difficult to unscramble the ongoing impact on the business going forward.

red

[deadly] 07/11/2014 17:38

Red, yes but that has not happened only since August.

[redartbmud] 07/11/2014 12:27

deadly

The information coming out of Europe has suggested an economic downturn was happening. Brammer could not have been immune to that fact.

Just MHO.

red

[deadly] 07/11/2014 09:37

Is this a market over-reaction, and how have management let it go so pear-shaped since end July?..........

"- operating profits at Brammer rose by 19.8% to £20.6m in the six months to the end of June.
- Total group revenue rose by 10.9% to £364.1m.
- Gross margin up 60 basis points to 31.3% (2013: 30.7%
- and underlying profit before tax rose by 15.1% to £17.5m.
- interim dividend is up 5.9% to 3.6p (2013: 3.4p) reflecting the board's confidence in the outlook for the business
- we remain confident our proven strategy will help us continue to gain market share"

[battyliveson] 07/11/2014 09:15

Sometimes it is better to be lucky than good at investing. I had an order in at 336.5 yesterday and just missed out getting it filled. This is going to take longer to recover and I will wait to see if it gets to 250, at that point there should be some upside.

Batty

[m.t.glass] 07/11/2014 09:14

Brammer Shares Plunge On Profit Warning, Hit By UK, Europe Trading

LONDON (Alliance News) - Brammer PLC saw its shares plunge in early trade on Friday after the company issued a profit warning on the back of weaker than expected trading in the UK and a deterioration in European markets.
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insidermedia.com:

BRAMMER ISSUES PROFIT WARNING
Industrial parts distributor Brammer has revealed its full year pre-tax profit will be "somewhat below" market expectations following reduced spend among a small number of its large customers.

The business said trading conditions have been less favourable than expected and its annual underlying profit before tax would now be in the region of £35m to £36m.

Brammer blamed the slowdown on reduced demand combined with deteriorating market conditions in continental Europe and foreign exchange headwinds.

However, it added cross-selling and a number of small bolt-on acquisitions have underpinned its growth momentum, providing "profitable market share gains for the medium and longer term".

"Nevertheless, we are confident that our UK customer spend will recover and that our vending programme will contribute significant market share gains in the years to come," the business said.

Earlier this year, Brammer announced it was closing its Coventry distribution centre and consolidating the operations in its Wolverhampton and Manchester sites.

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Brammer issues profit warning as it battles European headwinds

BRAMMER, the industrial spare parts and tool distributor with operations in the West Midlands, says a downturn in activity by some of its largest customers means full year profit will come in "somewhat below current expectations".

In September Brammer announced it is establishing a new centre of excellence at Stoneleigh Park in Warwickshire just months after it announced it was closing down its Buck & Hickman subsidiary in nearby Coventry.

Now the group, which trades from more than 350 locations in 19 countries, said several major UK customers in its domestic market had reduced activity, which had dented sales growth.

Despite good growth in Eastern Europe, France, Spain and German, sales per working day in the UK were down 3.1% in the four months to October 31, the company said.

With the UK accounting for close to 40% of Brammer's total sales, the downturn will be keenly felt. The company said: "Six large customers with annualised revenues of £58m in 2013 have reduced spend by over 20%, giving a year on year decline in 2014 of around £14m. This has an adverse 5% effect on UK SPWD, and a concomitant effect on gross profit and trading profit."

Brammer said its UK problems, combined with deteriorating market conditions in continental Europe and foreign exchange headwinds, would see underlying profit before tax being approximately £35m to £36m.

The company said it was confident in its long-term prospects: "Whilst trading conditions have been less favourable than expected, our key account, Insite, cross-selling and vending growth driver initiatives, together with a number of small bolt-on acquisitions have underpinned our growth momentum, providing profitable market share gains for the medium and longer term."

It added: "We are confident that our UK customer spend will recover and that our vending programme will contribute significant market share gains in the years to come."

In October Brammer made three small bolt-on acquisitions in the Netherlands, Poland and Czech Republic adding €15.1m to annualised revenues.

(thebusinessdesk.com)

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[broadwood] 07/11/2014 08:16

Ouch - poor statement.

[redartbmud] 07/11/2014 08:14

Oops

Mr Market is not happy, but volumes are minimal.