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BWNG Brown (n) Group Plc

16.00
-0.30 (-1.84%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brown (n) Group Plc LSE:BWNG London Ordinary Share GB00B1P6ZR11 ORD 11 1/19P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -1.84% 16.00 15.55 16.00 16.50 15.55 16.50 351,942 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Catalog, Mail-order Houses 677.5M -51.4M -0.1116 -1.39 71.61M
Brown (n) Group Plc is listed in the Catalog, Mail-order Houses sector of the London Stock Exchange with ticker BWNG. The last closing price for Brown (n) was 16.30p. Over the last year, Brown (n) shares have traded in a share price range of 15.05p to 29.95p.

Brown (n) currently has 460,483,231 shares in issue. The market capitalisation of Brown (n) is £71.61 million. Brown (n) has a price to earnings ratio (PE ratio) of -1.39.

Brown (n) Share Discussion Threads

Showing 6226 to 6248 of 7200 messages
Chat Pages: Latest  252  251  250  249  248  247  246  245  244  243  242  241  Older
DateSubjectAuthorDiscuss
17/6/2021
13:35
he is probably wanting in at 50p or a shorter lol Ammu12 ....
transhoneyqueens
17/6/2021
13:29
Why an earth would the family sell....
hey_arn0ld
17/6/2021
13:10
Massive sells...Maybe the family selling now
ammu12
17/6/2021
11:23
I bought more at 54p yesterday
transhoneyqueens
17/6/2021
11:08
Suspect 40p to be tested
my retirement fund
17/6/2021
08:01
Except Les Dennis


——

Currencytrader117 Jun '21 - 08:55 - 4992 of 4992

Anything Amanda holden touches is gold

john09
17/6/2021
07:55
Anything Amanda holden touches is gold, and sales growing now.
I'd be surprised if alliance don't buy now, I've added a few.
Even if they take it private it will be over 60p

currencytrader1
17/6/2021
07:36
Could have been worse i guess
my retirement fund
17/6/2021
07:15
I think itll be blue today. And now the family can buy. They did the damage yesterday
john09
17/6/2021
07:11
Give it a chance!
bull19
17/6/2021
06:48
Let's hope the market sees it that way too! Currently down 17%
bull19
17/6/2021
06:36
Posoitive update !

Q1 FY22 trading in line with expectations

Highlights

-- Good momentum in product revenue which returned to growth with a 4.6% increase in Q1
-- Five strategic brands of Jacamo, Simply Be, JD Williams, Ambrose Wilson and Home Essentials, grew product revenue by 15.5%
-- As guided, Financial Services revenue was 5.9% lower than the prior year
-- Customer repayment rates higher than the prior year
-- Amanda Holden and Davina McCall signed as brand ambassadors for JD Williams
-- Strong net cash position of GBP84.9m(1) at 29(th) May 2021
-- FY22 guidance remains unchanged

Q1 FY22 Revenue performance

Q1 FY22(2) vs. Q1 FY21(3) Q1 FY22(2) % change
GBPm
Product revenue 106.9 +4.6%
----------------- ---------------
Strategic brands(4) 86.1 +15.5%
----------------- ---------------
Other brands(5) 20.8 (24.6)%
----------------- ---------------
Financial Services revenue 61.8 (5.9)%
----------------- ---------------
Group revenue 168.7 +0.5%
----------------- ---------------

Product revenue growth

The Group's Q1 product revenue growth was driven by the five strategic brands which grew 15.5% in the period. This is as a result of the strategic transformation which has taken place over the last two years. In Q1 FY22 strategic brands were 81% of product revenue compared to 67% in the same period 2 years ago and this represents the first quarter of product revenue growth since Q3 FY18.

Within our product lines, Clothing & Footwear sales have continued to recover and demand increased 21% compared to the prior period with own brand Womenswear +27% and Menswear own brand +25%. Demand for Home & Gift was lower than the prior period which benefitted from pandemic related purchases of garden furniture and personal grooming products.

As previously guided, lower product revenue in the prior year resulted in a smaller debtor book and a 5.9% reduction in Financial Services revenue. Customer repayment rates are higher than the prior year and as at 29(th) May 2021 less than 0.2% of debtor balances remained on a Covid-19 related payment deferral, down from a peak of 3% in May 2020.

We continue to invest in effective marketing spend to increase awareness of our strategic brands and their customer offer. This month, we have signed Amanda Holden and Davina McCall as brand ambassadors for JD Williams to increase consideration for our boutique shopping experience amongst the target audience.

Strong financial position

The Group finished the period with net cash of GBP84.9m(1) , leaving it well positioned to continue its investment in strategic initiatives to drive profitable growth. Adjusted net debt was GBP287.7m(6) , incorporating GBP84.9m of cash and GBP372.6m of debt drawn against the securitisation funding facility which is backed by the eligible customer receivables. The GBP502.3m net customer loan book significantly exceeds this adjusted net debt figure. The Group has no unsecured debt.

FY22 guidance is unchanged

-- Product revenue growth of between 3% and 7%
-- Financial services revenue is expected to be lower compared to FY21
-- Group revenue growth to be +1% to +4%
-- Adjusted EBITDA(7) to be in the range of GBP93m to GBP100m
-- Capex of GBP30m - GBP35m
-- Depreciation and amortisation of c.GBP40m
-- Net interest costs of c.GBP16m
-- Adjusted net debt(6) is expected to be in the range of GBP280m to GBP300m

Steve Johnson, Chief Executive, said: "The strategic transformation initiatives we have enacted over the past two years have now started to deliver product revenue growth, with customers responding well to the new ranges across our core brands. We have a number of exciting initiatives in the pipeline and today we have announced a new partnership with Amanda Holden and Davina McCall to be the new faces of JD Williams, leading some innovative new campaigns which will serve as a rich source of inspiration for our customers. Whilst the external environment remains challenging, we have made a good start to the financial year and trading remains in-line with our expectations."

masurenguy
17/6/2021
06:08
And there’s your trading update !
john09
16/6/2021
19:23
I wouldn’t buy more . I trimmed by pure luck on Monday

Still holding 2/3 of them can’t wait to dump absolutely no good for shareholders with that family behaving how they are . Scandalous

john09
16/6/2021
18:32
Picked some up again today at 58. Probably the closest i will get to picking up more near the placing price for a while.

I’m no legal expert so I won’t comment on the claim much but the fact n brown are counter claiming at least demonstrates that it is not clear cut.

A decent trading update tomorrow and people will soon forget about this claim until 2023, a bad one and who knows what will happen although I don’t think it can drop that much further or the alliance family will be there sweeping up the shares on the cheap again.

Site visitor data for May is pointing to a big improvement in trade which should be interesting to see tomorrow.

E.g JD Williams site visitor data -

May 2020 2.95m visits
May 2021 3.99m visits

Simply be visitor numbers higher than during peak Christmas trading.

Encouraging to say the least, hopefully translates to at least double digit YOY growth. Similar story for a lot of the brands.

paulof2
16/6/2021
16:12
Surely if there is a claim and counterclaim the possibility exists that NBG could win the case and thus be in receipt of compensation from Allianz and not the other way round. It seems to me that Allianz provided insurance services to NBG and for some reason NBG commenced proceedings against Allianz and consequently Allianz counter-claimed. If so, I'd rather have our side of the litigation!
juliusnehorai
16/6/2021
15:49
Well I await to see the results in due course
my retirement fund
16/6/2021
15:44
If we do then they are bloody stupid for being so blatant about it !
john09
16/6/2021
14:27
Hopefully cleared out the sellers so we can move up, I imagine a few stop losses hit. To comment on a previous point, if this does get taken private it has to be at a price the same or greater than the highest stock purchase - so I believe 65p. Not that I think it will be taken private but I have been pondering if it could be taken over - Alliance family get a stake in a bigger company.
spagboll
16/6/2021
11:56
Maybe silly question but is there a TU tomorrow? I thought the agm was in july so wouldnt expect it till then
sjsrace
16/6/2021
11:50
could see 70p again
hotaimstocks
16/6/2021
11:32
share price needs to hold 60p tomorrow
jackson83
16/6/2021
11:18
Below the placing price now.
prettygreen
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