Brown (n) Share Discussion Threads

[creditcrunchies] 20/5/2022 13:26

Looks like profit taking after that rise these are still 96p book value and 55p good value on current guidance. 28 million off of the books for the legal case now.

[busthief2] 20/5/2022 13:18

Could be some weekend press ?

[s34icknote] 19/5/2022 12:15

So Glavery Adjusted for new shares 5.5Pe min 10 55pFactor in growth ?

[glavey] 18/5/2022 21:41

Outsize, I did. Potentially worrying isn't it? However it was that Sick posed a question. I queried the reasoning for it.

[ianb5004] 18/5/2022 15:24

Webcast is a good listen, available on website, instant access if you register.

Steve Johnson opening points summarised

Summary of Steve Johnson’s opening points,

1. 9.9% strategic product revenue growth

2. Business now in a far stronger position than it was pre-pandemic

3. Cash generative, double digit ebitda margins with ebitda growth in line with guidance

4 “Incredibly strong balance sheet that’s often overlooked” - adjusted net debt is covered twice over by the Financial services loan book

[sidam] 18/5/2022 14:50

Guidance for current year is EBITDA in line with 2021. That year EPS adjusted for extra shares would be about 5.5p not over 7.

But PE of 10 would still equate with a share price in mid 50s. So lots to go for as that PE would be low if management can grow the business from that level as they indicated in the presentation.

[ram376s] 18/5/2022 14:46

Lovely. GDR Possible multibagger.300 nurses to train for new test .

[outsizeclothes.com] 18/5/2022 12:07

Read the full RNS Glavey.
FY 22 FINANCIAL REVIEW Section
Adjusted EPS 7.69p

Cheap as chips, and looking as good, if not better, than BooHoo, Evans and other plus size clothing rivals.

[s34icknote] 18/5/2022 12:01

7.69 adjusted eps ! To be precise

[glavey] 18/5/2022 11:45

"7.7 p eps ??"

Did you just make that up?

[s34icknote] 18/5/2022 11:43

7.7 p eps ??Looks good value to 70p ???

[glavey] 18/5/2022 11:41

"4 brokers had these down as Hold three month's ago I bet they change their tune now"

SELL!?

[deanmatlazin] 18/5/2022 11:18

60p in few weeks, £1 by end of the year.

[aishah] 18/5/2022 11:14

yes, agreed. Hopefully £1 by y/e. dyor

[deanmatlazin] 18/5/2022 11:12

NAV 96p

current price 37p

Dividend is coming

Steal at this price

[creditcrunchies] 18/5/2022 10:56

4 brokers had these down as Hold three month's ago I bet they change their tune now

[niggle] 18/5/2022 10:56

There you go, patience rewarded!

[creditcrunchies] 18/5/2022 10:54

Nearly 2 million shares traded in 3 hours, even at 50p they're good value

[creditcrunchies] 18/5/2022 10:52

Market has just realised how cheap these are breaking out +35% daily gain in hours

[deanmatlazin] 18/5/2022 10:44

I love undervalued shares £££££

[ianb5004] 18/5/2022 10:17

PBT up 46.1% on 2021 £43.1m v 29.4m
NAV at 96p a share.
Potential decent divi 2023.
Has to rerate £137m mcap is laughably cheap.

[sidam] 18/5/2022 09:52

A good in depth results webcast which gave lots of information. Very surprised that there were no questions.

A very low PE for current year and then some growth. Possibly a reasonable divi. High tangible NAV. This could go much higher over the next year to 18 months. So I am happy to hold, assuming the provision for claim is in the correct ballpark.

[creditcrunchies] 18/5/2022 08:32

what I like about these is the focus they have on consistent revenue, decent operating margin, debt reduction. The book value per share is 96p. They just look so oversold. That court case payout will be a one-off which they can absorb imo

[value hound] 18/5/2022 08:29

I guess this excerpt: "Our accounting estimate is based upon the assumption that the parties reach a settlement within FY23, however if the matter progresses to trial any cashflows resulting from the claim and/or counterclaim may not arise until FY24." is basically like saying to Allianz that we'll settle now for £28m and put it to bed?????

[creditcrunchies] 18/5/2022 08:19

the shares are insanely cheap it's a well run business it's only a matter of time these get re-rated