Brown (n) Share Discussion Threads

[dougmachin] 18/6/2021 13:44

Hmmmm... Joshua Jacob Moshe Alliance buying at 57p, 65p, 64p, 61p...

Could be top up territory IMO.

Not a big holding for me this one, but my strategy is to buy the dips and wait.

This could be the bounce point.

Agree, this is not without it's share of questions, but not writing this one off yet by a long way.

[red ninja] 18/6/2021 13:42

I'm back in. Even if the Allianz spat is lost the entry price should hopefully cover against loses...

[simmsc] 18/6/2021 11:03

Just finished now. All those 20k blocks this morning were mine plus the 1111 at the end. I'm out - thank God!

[currencytrader1] 18/6/2021 08:19

Josh alliance paid 100,000000 for his shares at 57p..
The muppet could have had them for free now lol.
What a loser he must feel...

[masurenguy] 18/6/2021 08:10

Peel Hunt: N Brown shares can trade higher

There is scope for shares in specialist clothing retailer N Brown (BWNG) to trade upwards after sales moved higher in the first quarter in expectation of life returning to normal post-lockdown. Analyst John Stevenson retained his ‘hold’ recommendation and target price of 75p on the owner of Jacamo and SimplyBe, which closed down 3.5%, or 2.1p, at 57p on Thursday.

First quarter performance shows product sales up 4.6% in-line with expectations, and clothing sales jumped 21% year-on-year thanks to the easing of lockdown restrictions and improving weather. ‘The challenge is to demonstrate sustainable revenue growth and relevance in the brands, which will take time,’ said Stevenson. ‘Current trends are not dissimilar to what we have seen in the past, with a solid performance across the strategic brands diluted by the rest.’ The shares currently trade on an 8x price/earnings ratio and Stevenson said there is ‘scope for the shares to trade a bit higher’.

[ammu12] 17/6/2021 23:00

How much you got left ?Half a million?

[simmsc] 17/6/2021 18:36

Its me, and yes i am a PI.And the selling continues tomorrow and maybe the day after. And then finally I'm out of this horrible company.

[ammu12] 17/6/2021 15:52

Couple of 150k shares sell earlier...300k Can't be pi ?

[zingerburger] 17/6/2021 14:47

Josh Alliance about to buy £5m more shares He paid between 75-80p from memory

[hotaimstocks] 17/6/2021 14:44

Some are now shorting including myself lol ....

[transhoneyqueens] 17/6/2021 14:35

he is probably wanting in at 50p or a shorter lol Ammu12 ....

[hey_arn0ld] 17/6/2021 14:29

Why an earth would the family sell....

[ammu12] 17/6/2021 14:10

Massive sells...Maybe the family selling now

[transhoneyqueens] 17/6/2021 12:23

I bought more at 54p yesterday

[my retirement fund] 17/6/2021 12:08

Suspect 40p to be tested

[john09] 17/6/2021 09:01

Except Les Dennis


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

Anything Amanda holden touches is gold

[currencytrader1] 17/6/2021 08:55

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

[my retirement fund] 17/6/2021 08:36

Could have been worse i guess

[john09] 17/6/2021 08:15

I think itll be blue today. And now the family can buy. They did the damage yesterday

[bull19] 17/6/2021 08:11

Give it a chance!

[bull19] 17/6/2021 07:48

Let's hope the market sees it that way too! Currently down 17%

[masurenguy] 17/6/2021 07:36

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."