Brown (n) Share Discussion Threads

[farrugia] 11/10/2022 15:33

Fraser Group never acquires companies for a fair price - they will wait until administration i'm afraid.

[blackbear] 11/10/2022 15:03

get in before the press spreads the word.

[no dice] 11/10/2022 14:23

The Frasers Group's playbook for the MySale offer was to take an initial position using CFDs and then purchase shares that took their combined holding to just over 28%.

If this is the beginning of an acquisition play for BWNG then really the only hurdle here will be terms acceptable to Alliance et al who currently hold ca. 56% of the business. Assuming they've little desire to be left with Frasers Group shares so potentially all cash. Price-wise a possible floor might be the 59.5p that the Alliance Concert Party and Joshua Alliance spent at the end of 2020/beginning of 2021 buying just under 32.5m shares through the open offer and subsequent purchases.

[camo1997] 11/10/2022 14:09

However, alot of the above purchases were made while the company was in administration, like Studio and misguided.

Not too sure the outcome of this, seems positive, however too early.

[outsizeclothes.com] 11/10/2022 13:36

Frasers being a shareholder should now put an end to the downward shareprice drift though.

[camo1997] 11/10/2022 13:26

Frasers has 336.8m cash on hand. And looking at their RNSs, they are buying a few things. Lets see. Not saying anything, just looking at the numbers

EDIT
Purchases this year i believe:
17.08.2022 11:41Offer for Mysale Group plc
28.07.2022 07:00Acquisition of I Saw It First
01.06.2022 07:00Acquisition of Missguided
25.02.2022 07:00Acquisition of Studio Retail

[sphere25] 11/10/2022 12:55

I saw it and it's Frasers but too slow to try and nip in here for a quick one before the auction - moved too fast

13:01 EDIT

They're not falling over themselves to buy after the auction so maybe it was a good thing!

[camo1997] 11/10/2022 12:17

20,969,957 off book trade yesterday at 4:34pm @21.925 - anyone else see this?

So 76m traded in the last few weeks? 16.5% of total shares? 45% of free float?

Got to see an RNS soon? Either someone loading or offloading. All off-book so hard to see.

[camo1997] 07/10/2022 12:01

Cash value per share is ~10p. I mean, thats 50% of the current share price Crazy

As you said, book value per share is now around £1!

[creditcrunchies] 07/10/2022 09:22

Book value per share has actually gone up to 100p now. The balance sheet being reported is actually quite strong as well. Net debt is at its lowest level in 5 years. They just need to get this court case buried

[jackson83] 06/10/2022 18:41

can see this drift to 10p soon .. a shocker of a profits slowdown

[no dice] 06/10/2022 18:13

23m today, 56m since 16 Sep or around 12% of the company. Today could have been a party subject to the closed period.

[creditcrunchies] 06/10/2022 16:16

Is that right 23 million shares been traded today? Could see an rns about a holder soon

[camo1997] 06/10/2022 11:54

Ignorant to think we would see profit in line with last years expectations with everything going on. Other retailers reported similar drops across the board, some with losses. However the balance sheet on this is strong. If the balance sheet was poor i would wonder why i'm still holding, but the strength of it shows financially we're in a good space. Just consumer spending, as expected, dropped.

I mean, the ratios on the balance sheet are great in some areas. Meaning the book value per share has increased.

Disappointed on the dividend update (fair enough though), and the litigation case.

[eezymunny] 06/10/2022 09:37

Probably a nonsense of a sell off this morning. Profit warning looked nailed on and priced in. One wonders if PE might buy it, as it´s a fairly pointless business but it could possibly be run down to extract a lot more value than the current market cap.

Lots of big moving numbers of course but feels like risk/reward quite good here IMO.

[chesty1] 06/10/2022 09:12

N.BROWN GROUP >>>> B R E A K O U T !!!!!

Slightly misleading header! What a chart!

[creditcrunchies] 06/10/2022 09:08

I've got this scan for high momentum stocks for all listed stocks, every single one of them are gas, oil, energy related stocks that's it everything else has crashed. I mean what a mess this market is in

[creditcrunchies] 06/10/2022 09:02

I tried to find positives their financial position is pretty solid for a recession but boy is it a tough consumer market out there. It's going to be a hard slog for stocks like this. The court case needs to be put to bed it can't keep dragging on like this.

[wrighna1] 06/10/2022 08:51

Two massive trades just gone through c.20m shares.......

[cjohn] 06/10/2022 08:49

In the circumstances, the results are quite solid.

Trading at an eye-watering discount to net tangibles.

[diku] 06/10/2022 08:42

Under the economic circumstances one can never be certain how true these predictions are...they can always change their minds saying we were going to be making xyz but now abc...

[niggle] 06/10/2022 08:33

Declining second half and they make a 60m
EBITDA prediction for ‘23. Good luck with that.

As expected.

[farrugia] 06/10/2022 08:16

The uk stock market is a disaster i have to say. Can't regret offloading here even though i had to gulp one hell of a loss.

[sidam] 06/10/2022 08:13

It could have been worse. Previous guidance suggested the Shares were on a PE of 5, that has now moved to 10. Net Tangible Assets are three times the current share price. The Group is not earning an acceptable return on equity, but given normality in the economy that should change. So I do not see much progress in the share price in the short term but over the medium term there could be very decent upside.

[wolfofhounslow] 06/10/2022 08:12

Yü Group PLC (AIM; YU.), the independent supplier of gas, electricity and water to the UK corporate sector, and smart meter installation services, announces its unaudited half year results for the six months to 30 June 2022.Bobby Kalar, Chief Executive Officer, said :" We continue to reiterate our promise to keep delivering profitable growth and are confident this is set to continue.I'm very pleased to report another set of excellent results reflecting a strong and reliable performance. Remembering this is our fourth consecutive and consistent set of results I'm proud to confirm our key financial KPI's are performing well and have exceeded our forecasts following two recent upgrades. Revenue is up by 96%, cash in hand has increased 37%, average monthly booking have increased by 49% and EBITDA has jumped over 400% compared to H1 2021. Our strategy is working well and our strengthened and highly disciplined business driven by our joined up processes, people and platforms continues to deliver a seamless customer experience.Our digital transformation program is on course and several digital projects are now live and embedded into the business. We will see additional benefits of reduced operating costs, better efficiencies and greater predictability as we scale these digital channels.While I'm pleased with the recent government Energy Bills Relief Scheme announcement, pledging support for business customers with their increased energy costs, I fear businesses will feel the ongoing pressure of volatile wholesale commodity prices for some time. We will continue to work hard to help our customers manage these difficult market conditions.A GBP300m Mark to Market trading position gives me comfort our hedge book is very strong, in accordance with our hedging policy, and provides significant confidence in forward gross margin.The successful launch of Yü Smart is a game changer in terms of value chain ownership. As well as supplying energy to our business customers we have gained certification from the Retail Energy Code (REC) and approval from Elexon and Xoserve to operate as a Meter Equipment Manager (MEM) and Meter Installer (MI) for both gas and electricity customers, creating the opportunity to install and maintain SMETS2 meters. In addition, owning the asset, creating an annuity income, provides an exciting new value pool for the Group to benefit from. I look forward to updating the market as we rapidly scale this capability.We performed well in the pandemic; even better in 2021, despite challenges in the market; and we expect even better performance in the remainder of 2022 and beyond. I'm reassured our business continues to prosper and will use its strength and experience as an anchor for any further turbulence. As we continue to enjoy the fruits of our hard work, I look forward to delivering significant shareholder value in the near future.Finally, I would like to thank my wonderful team who continue to support the Board's target to achieve GBP500m revenue at over 4% EBITDA as soon as possible. "