Brown (n) Share Discussion Threads

[r ball] 12/6/2016 10:45

avoid. chart tells you all you need to know.

[my retirement fund] 02/6/2016 10:21

Hmm with the summer we are having they are going to be stuffed with a mountain of summer stock that they cant sell.

[timsnaps] 02/6/2016 09:05

Probably a large holding being offloaded - see at the end of the day. MMs probably looking for some buyers before they show the sell order. Chart shows these large drops are usually accompanied by high volume. There's also a pretty strong support line at 221p.

[salpara111] 02/6/2016 08:50

Just closed my short.
Not sure that it has reached the bottom but a profit is not a profit until it is banked!
It is such a competitive environment with flat pricing.
They have been "turning the business around" for over 2 years now but profits are still falling and their last update included a pre prepared excuse for underperformance in the next period.
Downside is probably limited from here but equally I cant see what is going to provide the catalyst to move it up.

[cwa1] 02/6/2016 08:50

PS: Citigroup reiterated their "neutral" advice this morning with a target price of 235p.

IF you were to believe the current consensus of 23.9p of earnings and 14.2p of dividend then it certainly wouldn't look expensive at the <230p I just paid but I suppose there's more to it than that :-)

[cwa1] 02/6/2016 08:44

Just taken a minuscule punt here, simply on the hope that the doom and gloom has been overdone and that, eventually, they will find their way again. Hope springs eternal and all that....

[gucci] 02/6/2016 08:39

why is this tanking!!

[arc en ciel] 28/5/2016 00:02

Zca: Can't really see the point of that. The primary business is in the UK, so largely unaffected by the referendum decision. Ditto for the fast-growing US business.

Assuming the UK public is conned by the short-term lies put about by Cameron/ Osborne and Uncle Barack and all, then a non-Brexit outcome will almost certainly lead to a general uplift in UK domestic stocks so you'll probably pay more for your N Brown shares when you get around to buying.

You could buy half of what you want now and await the decision before buying the other half to mitigate this.

[zcaprd7] 27/5/2016 12:58

I'm waiting for the brexit situation the get resolved before I get back in ...

[arc en ciel] 25/5/2016 11:49

I have been watching from the sidelines as the promise of the web-based online catalogue transformation at this trad clothing company gathers pace.

However the chart has been extremely depressing this year especially, so I would not catch a steadily falling knife.

The combination of a good SCSW May report and a notable share double bottom at around 235p has jogged me into action and I've taken a stake for the first time.

With the hope that the view through the windscreen proves considerably better than the one in the rear-view mirror, I hope we now witness a steady climb back to the 300p mark as a first target. In the meantime if the dividend is maintained it won't be an expensive wait.

[nw99] 24/5/2016 15:29

Topped up again as well

[gucci] 24/5/2016 13:39

topped up too today

[aishah] 24/5/2016 13:27

Interesting update in TMI latest issue. I've overcome my fears of the IT roll-out and bought in recently.

[aishah] 17/5/2016 21:54

Peel Hunt - 13/04 Hold tp=340p. 20/04 - DOWNGRADES to Reduce, tp=275p
Numis - 25/01 Add tp=360p. 20/05 DOWNGRADES to Hold, tp=280p

[nw99] 17/5/2016 19:58

Time to double up

[onjohn] 13/5/2016 11:02

Watching this closely now to buy. N Brown is gearing up for an assault on the $34bn US ‘outsize clothing’ market by distributing more than 1 million catalogues for its Simply Be range to potential customers. US websites about to be rolled out


The final proposed dividend of 8.56 pence per share will also be paid on 29 July 2016 to shareholders on
the register at the close of business on 1 July 2016.

Shindler has also bought £50,000 shares at 30p higher last month

[ed 123] 12/5/2016 09:33

Ta, jbarcroftr. :-)

[jbarcroftr] 12/5/2016 08:56

205 p BN Paribas new price target

[modform] 11/5/2016 17:00

I am with aishah on this one, the chart tells you everything you need to know.Trade with strategy or you lose most of your capital in the hope of 5% yield

[ed 123] 11/5/2016 11:23

Aishah.

Yes, despondency rules.

I've seen 10 analyst price targets. They range from 260p to 415p. Current share price? ..... 243p ............ below the lowest target.

Will it need fresh bad news to fall further or will it just continue its momentum without further news? Who knows?

When the share price was this low before, mid-2012, it went on to double over the following 12 months. Could that be repeated?

[aishah] 11/5/2016 10:58

I can't see what will drive the price up before the Q1 statement. Peel Hunt downgraded recently to reduce and Numis downgraded to Hold. Chart looks awful with share price now at multi-year lows.

[jbarcroftr] 11/5/2016 10:32

Looking forward to June 16
No rush in my opinion
The upside if they get it right might well double the share price

[ed 123] 11/5/2016 10:11

Good points, and we'll only know with hindsight.

They do, though, seem to be minimising risk. The new systems are being rolled out in a staggered process. If a problem is found with the smaller brands (which go live first), they can switch back to the old system and give themselves time to sort out the issue.

This process is transformational for N Brown. IF it goes well, they will have the IT and physical systems, not only to run the UK business more effectively but also to roll out internationally.

Then, there are the sectoral issues affecting N Brown too. All seem to be experiencing difficult trading conditions atm. Warm early winter season, Sterling strength and the immediate effect of the rise in the minimum wage have all taken their toll. Interestingly, I've overlaid Next, Debenhams and N Brown over the past 12 months. The share prices of each have dropped by roughly equal amounts (approx. one third). There will better times for UK clothes retailers, imo.

(Q1 statement due on 16 June 2016.)

[jbarcroftr] 11/5/2016 10:08

Is there an update at the end of June?
Think I will wait

[aishah] 11/5/2016 09:37

Totally agree. Pity SCSW ignored this issue in their latest update. I think M&S suffered last year on their online offering post an IT update.