Brown (n) Share Discussion Threads

[zho] 20/5/2021 07:54

EBITDA slightly ahead of January guidance but adjusted pre-tax profit of £30.1 million and eps of 7.9p are well below Peel Hunt's estimates of £33.9m and 9.4p. I couldn't see any mention of an unwinding of the previous Covid-related £17m provision, but there is an additional provision of £15.4m.

Edit: I got that wrong. The existing £17m provision has been reduced to £15.4m

[martinc] 20/5/2021 07:47

Their target of 7% sales growth seems modest for an online business with (soon) new shiny websites. Perhaps they hope to under promise and over deliver?

[sidam] 20/5/2021 07:45

I have not seen any brokers notes yet, but my guess is for adjusted EPS of around 8p for current year. That and a price of less than four times EBITDA looks OK.

[inever] 20/5/2021 07:35

Statutory EPS is 2.63 so the current price earnings ratio is 26.7. Not pretty for a stock with declining sales. That huge and unnecessary 61% increase in share capital is going to weigh this down for years to come.

[gripfit] 20/5/2021 07:33

All that for 71p ,,, 😂😂

[john09] 20/5/2021 07:15

The Group reduced adjusted net debt by GBP196.1m in the year.

Operating costs as a percentage of Group revenue significantly improved from 39.8% in FY20 to 32.5% in FY21

Strategic brands delivered product revenue growth of +1.3% in Q4

Adjusted EBITDA of GBP86.5m above the top end of the range of guidance (84 - 86 was expected)

Since the start of FY22 we have returned to product revenue growth and for the full year we currently expect product revenue growth of between 3% and 7%.

Overall we currently expect Group revenue growth to be +1% to +4% for FY22 and for adjusted EBITDA to be in the range of GBP93m to GBP100m.

At the end of FY22 this would leave the Group with a strong unsecured net cash position and at that point the Board will consider the resumption of dividend payments.

[jackson83] 20/5/2021 06:39

lets hope Paul of 2 posts his take on todays news.

[jackson83] 19/5/2021 18:37

11% rise will be fine then. bitcoin recovery will lift the markets

[gripfit] 19/5/2021 18:25

better be better than a 10% rise tomoro

[john09] 19/5/2021 16:23

Downside to 65p

Upside to ?

[masurenguy] 19/5/2021 16:22

Yep - results tomorrow !

[currencytrader1] 19/5/2021 16:11

Going to be some hurting shorts, they just couldn't get it low enough against buying pressure..

[john09] 19/5/2021 14:09

If only i had more cash ! The die will be cast end of today

[transhoneyqueens] 19/5/2021 10:44

LAST CHANCE TO BUY IN BEFORE RESULTS ..TOP UP TIME.
looks like its time for another top up / BUY before the 10% rise tomorrow.

[jackson83] 19/5/2021 10:40

currently trader1 I'm expecting a 5% dividend tomorrow so I've bought in ..STRONG BUY ... business is booming

[jackson83] 19/5/2021 10:36

are we expecting 80p again tomorrow or will it be above 100p on better news.

[currencytrader1] 19/5/2021 09:26

Great news, shorts turned back up to de ramp, always good news of big gain ahead..
Great to see them sweating!

[jackson83] 19/5/2021 08:23

hedge your bets with a short lads as expecting bad news at 7am

[jackson83] 19/5/2021 08:16

last chance to bank profits before the sell off

[jackson83] 19/5/2021 08:13

BLOOD BATH TOMORROW ...
TOP UP AT 60P after the results are know to the public

[simmsc] 18/5/2021 22:30

Actually, i did sell at around the rights issue (but still kept my entitlement). Took up the rights issue and then bought back in. But feels like I've been in this forever!

[simmsc] 18/5/2021 22:27

I've been long of this thing for ages, never sold lol

[qsmeily456] 18/5/2021 09:31

Well stupid u for not selling on the 80p spike 🤣💦💦💦8166; (y did u edit your post Jack wacko 🐈)

Meanwhile 🛩💥🎋🌳7794;🌴Ӿ76;

🩳🩳🩳 R us

[qsmeily456] 18/5/2021 08:55

And it's controlled and policed by control freak J🔧

In the meantime this is going down like I predicted as you ramped...🛩💥🎄7796;🌲ӽ95;🎋

Online sales dropped in the pandemic. If they cannot grow online in a lockdown they are forced 🤣💦💦💦