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 Shares Traded Last Trade
  -1.36 -9.71% 12.64 806,252 16:35:05
Bid Price Offer Price High Price Low Price Open Price
12.50 12.94 13.50 12.50 13.02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 647.20 -57.50 -20.50 36
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:21 O 6,690 12.758 GBX

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Date Time Title Posts
23/3/202016:06N.BROWN GROUP >>>> B R E A K O U T !!!!!1,460
07/9/201712:14No reaction to Results22
31/8/201721:30N Brown cheapest retailer PER 12509
11/10/201607:36Spindlers Fist - the N Brown saga3
05/1/201614:12Internet Shopping!!!!!!20

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Brown (n) Daily Update: Brown (n) Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker BWNG. The last closing price for Brown (n) was 14p.
Brown (n) Group Plc has a 4 week average price of 12.50p and a 12 week average price of 12.50p.
The 1 year high share price is 163.90p while the 1 year low share price is currently 12.50p.
There are currently 283,429,454 shares in issue and the average daily traded volume is 1,191,102 shares. The market capitalisation of Brown (n) Group Plc is £35,825,482.99.
no dice: Potentially weighing on the BWNG price is more bad debt in the customer loan book as people lose their jobs in a recession - if that comes to pass.
up4itt: Yesterday’s share price fall on higher volume was a bit of a surprise since all the bad news should be priced in by now. New senior appointments / change of CFO could be seen as a positive. Any thoughts on the reason(s) for the fall?
dearg doom: Interesting the share price fall this morning. Might have expected a lot bigger drop on account of the RNS with £20 to £30 million extra charges for PPI claims. The shares should have traded a decent percentage below the 100p level immediately. They did so, but only briefly. Plenty of buying support at 100p which intrigues me. What do they see, I don't see yet? No position as of yet. Thought today might be a cheaper point of entry. Probably worth sizing an entry in part to be added upon later.
eastbourne1982: Very much doubt it would be as straight forward as that, part of the reason the share price keeps tanking is due to the balance sheet, it's far from rock solid.
andymackc: Share price was over £6 five years ago! She has taken it from a company valued over 1.5B to under 500m! Blame lies on her doorstep , replacing all the board, over 200 staff redundant. She tried to captain the ship but sank it. Failure! Hope now my share value rises
mauricemonkey: She was on Radio 4 a little while back in a panel discussion that included Carol Kane from BOO. I was spectacularly unimpressed then, even more so now that the share price continues to tank. Luckily I only took a relatively small position here
andymackc: What we have to remember is when Spindler took over 5 years ago the share price was hovering around 6 pounds. Since therm there have been over 200 redundancies of experiences staff including replacing all the board. Spindler has waved the axe too fast too soon and the repercussions are now evident. Oh and her pay is not linked to performance? The company was valued at over 1.5 billion - now around 400 million. It’s a downward trend all the way
r ball: Really! Share price reflects fact that physical presence is a loser and finance deals under scrutiny...
mauricemonkey: Reading through the results, it seems the exceptional items are mostly “ppi” style payments. I find it really frustrating that they don’t state explicitly whether these costs are over or if there will be another round of provisions next year. They stated all their forecasts costs except for these payments - until there’s some clarity I think the share price will remain in the doldrums.
walbrock82: Here are some interesting facts from this company. FIRST HALF RESULTS Group revenue grew by 5.6%, helped by 7.5% increase in their product revenue division. Their financial services division grew by 1.1% but was able to increase gross margin by 56.5%. Meanwhile, their product division will see margin fall 1.9% to 54%. Financial statements Despite higher revenues, N Brown saw adjusted net profit fell to £21m from £25.1m. The company reported higher exceptional items of £54.9m, up from £10m last year. This was due to a £40m writedown on their financing division because of an investigation from the FCA. It involves selling certain insurance products which were provided by a third-party insurance between 2006 and 2014. Meanwhile, store closures resulted in costs of £13.8m. Balance sheet One item looks out of place trades debtors. This is because debtors’ days is over 200 and the product isn’t overly expensive. In fact, N Brown merged their finance division and their product division together meaning loans lent to customers to pay for their products takes a while to pay off. Here is N brown receivables: Meanwhile, net borrowing has risen to £305m from £290.9m. Guidance for FY 2018 Here is the good news: - Financial Services gross margin +100bps to +200bps, compared to flat to +100bps previously. Here is the bad news: - Product gross margin -120bps to -70bps, compared to -120bps to -20bps previously. - Group operating costs up 4.5% to 5.5%, compared to 3.5% to 5.5% previously. - Net debt £325m to £335m, compared to £300m to £320m previously, reflecting the increased cash flow impacts of exceptional costs, together with the growth of our customer loan book -Exceptional costs of an additional c.£2m in the second half, as a result of our ongoing tax disputes with HMRC. Market Valuation Shares in N Brown has battled back from below £2 to £3.50. When it came to their valuation PE is trading close to their historical average of 13 times. Dividend is yield at 4% with growth in payout dropping to 5%. The dividend payout ratio is around 50% of earnings. Earnings yield is around 7%. Final Thoughts It looks like N Brown is experiencing rising costs from their product division. Also, the shares recovered from their lows and the half-year results and guidance won’t inspire further appreciation. At best, the share price would consolidate at around £3. You want to read more about companies releasing their results today, then click
Brown (n) share price data is direct from the London Stock Exchange
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