Brown (n) Share Discussion Threads

[ed 123] 05/6/2017 15:06

Seeing candlesticks? Oh, you're the lucky one! I see creeping insects .................. but that just means I need another drink. Hic!

[meijiman] 05/6/2017 14:40

The fatties are taking over. This share is the way to play it-plus SUN which makes instruments for obesity ops.

[turbocharge] 05/6/2017 14:22

The chart says

01 Jun 2017, Short-Term Bearish (close Price 284.00)

"The recent uptrend is due to reverse, now that selling pressure has overwhelmed prior buying pressure. Following a clear uptrend, we see two candlesticks where the black real body of the second completely envelops the white real body of the first, showing that the bears have taken over from the bulls."

[turbocharge] 05/6/2017 14:13

Anybody following this....?

[anto123] 09/5/2017 18:49

It's only the 9th today is this insider info will this numis change be tomorrow

[aishah] 08/5/2017 16:50

10th May 2016, 13:49 ??

[turbocharge] 08/5/2017 16:43

Numis cuts rating on N Brown
10th May 2016, 13:49

Numis has moved its rating on catalogue and online fashion retailer N Brown Group [LON:BWNG] to "hold" from "add" stating that, despite a relatively solid set of full-year results, the concerns outweigh the opportunity.

The broker highlighted that persistent forecast cuts and an ever expanding repertoire of downgrade explanations are a reminder that the company should trade at a discount to the sector.

Analyst Andrew Wade added: "With a number of substantial tailwinds, including positive product momentum brought in from the end of FY15, price investments, bought-in gains, optimised marketing, and some weak comps, we cannot help but feel the business should have been making profit progress this year."

Target price stands at 280 pence per share.

[meijiman] 03/5/2017 09:12

Re Dunelm-I think the move away from bricks and mortar retailing is ongoing but you need to delve into this a bit further. For a number of reasons I think many punters will still look to buy homeware items from a shop rather than online. Would you really buy curtains from Amazon?
As for Brown the lady in charge is moving the proposition to online. Indeed many of these customers (fatties) are loathe to try on clothes in shops for fear of being mocked by the shop assistants.'Size 34 Madam -no we sold our last lot to the circus'.

[aishah] 03/5/2017 08:43

HSBC Upgrades to BUY. Raises target to 280p from 225p.

[nobilis] 02/5/2017 16:06

Ive got some DNLM great cash generaiton

[redbaron10] 02/5/2017 15:50

Good luck with Dunelm.Bricks-and-mortar retailers have too many overheads now with respect to 'disrupters' in this retail space like Amazon.Until something is done to curb the excesses of firms like Amazon,i'm just sticking with a small exposure with Tesco.

[meijiman] 02/5/2017 15:32

I've just snaffled a few Dunelm-reminds me of N.Brown -out of favour/pays a decent divi whilst you are waiting. Clearly if consumer spending is going to drop off a cliff then these stocks may struggle, but I don't think its likely.

[mister md] 02/5/2017 14:16

yes the sector seems to be returning to favour after strong sell off (also see epic:BON )

[redbaron10] 02/5/2017 13:55

Saw the Hold from Numis and the 'Buy' from HSBC and decided to hang in here for a bit longer now!

[meijiman] 02/5/2017 12:24

Referring back to post 464. The analysis is excellent -though clearly wrong!
N. Brown moves higher as the fatties are taking over. Wonder if Dianne Abbott is a customer. Just reading about her car crash interview. Pitiful. Clearly the voters of Hackney are not the brightest.

[aishah] 02/5/2017 12:23

Volume at midday already comfortably ahead of ADV. Might add more here. dyor

[aishah] 28/4/2017 09:08

Sterling sailed higher on most key crosses Thursday as investors liked the currency after pleasing UK retail data, European Central Bank holding interest rates and last night's US tax-reform disappointment.
At 17:03 BST, sterling was up 0.3% to $1.2887, and up 0.7% to €1.1866. The dollar-spot index was up 0.19% to $99.231. Sterling was up on the aussie, loonie, kiwi, rand and yen.
"The pound continues to exert pressure on the upside after CBI (Confederation of British Industry) retail sales for April showed the biggest increase in volumes in nearly two years," said Michael Hewson, chief market analyst at CMC Markets UK

[redbaron10] 27/4/2017 19:50

Nice profitable day.Worth the wait.Sold half,now waiting for 255p for next tranche.

[walbrock82] 27/4/2017 18:53

N Brown is under fire from two fronts: -
1. Financial Services;
2. Over Capitalizing expenses.

Before we talk about it, here are some key numbers from today: -

A. Free cash flow came in at £46m, up from £6m last year.
B. Exceptional costs of £20m are from customers complaining of high interest charges from financial services; (more on that later)
C. EPS is 15.67 pence, trending lower.
D. The good news is recording pension benefits of £7.8m.


On to its Guidance 2018

-Net Debt will rise to £300m-£320m from £291m.
-Gross Margins on products to fall by 0.2% to 1.2%, while financial services are flat or 1% higher.
-Capex at £40m.
-(Important): Group operating costs will rise by 3.5% to 5.5%, this will squeeze profits.

In-depth Research on its INTANGIBLES ASSETS

N Brown states Software amortisation period is five years meaning the rate charge to expenses is 20%.

Also, they have been working on upgrading its new systems, under Fit 4 Development Project, which is Course of construction.

The course of construction intangible assets isn’t depreciated.

Take 2013 for example, N Brown’s software original cost is £146m. After deducting Courses of Construction of £12.4m. The amortisation portion is £133.6m, then the amortisation charge is £133.6m multiply by 20% = £26.7m.
But, N Brown charges £11.1m. A difference of £15m.

Secondly, the course of construction intangible assets has grown from £13m in 2012 to £88.8m in 2017. There is an accusation of overcapitalizing expenses.

To, N BROWN Financial Services

You wonder how N Brown maintains dividends payments.

My recent analysis of NEXT PLC, tells me their secret sauce to achieving high operating margins. Here are some numbers from NEXT PLC: -
-Credit Card APR = 25%;
-Interest fees made = £170m.
The interest fees made requires little start-up capital.
So, why is N Brown struggling to make decent profit margins? Despite these facts:

-£260m from interest, higher than NEXT PLC;
-Charge 40% APR, see JD Williams website.

For details,

[stavros28] 27/4/2017 15:48

Good day when the general market was down.

[stavros28] 27/4/2017 15:48

On a good day this will motor away !

[aishah] 27/4/2017 12:29

Revenues have topped the £900m mark at plus-size clothing retailer N Brown, whose brands include Simply Be and Jacamo, although a one-off financial services customer redress has hit profits.

The Manchester-headquartered company posted sales of £900.3m in the 53 weeks to 4 March 2017, compared with £866.2m in the year to 28 February 2016. Total pre-tax profit dropped from £72.2m to £57.6m as the business incurred a £25.2m charge, mainly relating to historic financial services customer redress payments.

Chief executive Angela Spindler said she was pleased with the progress made during the year.

"A particular highlight was Lladieswear which delivered the best performance for almost a decade as we gained significant market share," she said.

"Our customer satisfaction rating is also now the second highest in the sector and our online metrics remain strong, with over 75 per cent of new customers coming to us online."

She added: "The past few years have seen a huge amount of change in the business. We remain on track to complete the final stages of our systems programme by summer 2018.

"We are focused on driving the business forward, both in the UK and internationally, and I am very confident in our prospects. Although it is early in our new financial year, performance so far has been encouraging and in line with our expectations."