Brown (n) Share Discussion Threads

[outsizeclothes.com] 17/1/2019 23:37

Horrible figures in today's trading update/profit warning.
It's High Street stores still bleeding, - even SimplyBe outlets are down 4%.
Depreciation & Amortisation: GBP30m to GBP31m
International still in a muddle : - sales down 5%.
As a result of the VAT dispute case the Group continues to expect that its marketing costs will increase by GBP6m to GBP9m p.a. on a full-year basis from FY20.
Exceptional costs: Previous guidance of c.GBP67m will increase.
Financial Services gross margin: -100bps to -200bps
Net interest: GBP13m to GBP14m
Capex: c.GBP40m
Net debt: GBP450m to GBP475m

Although full-year guidance is unchanged, "Based on maintained margin guidance, continued strong Financial Services performance and improved operating efficiency" I don't think Mr Market believes them.

[rathean] 21/12/2018 09:41

Still on my watchlist but not buying until we get a positive trading statement or the share price hits 35p. Still value in the core brands here, niche plays bit management appear to be stuck in a time warp. All imo ofc dyor.

[robizm] 17/12/2018 11:44

People will still buy clothes. ASOS may recover and these are in a different market. Retail is brutal but the surviours will reap the rewards

[3dwd] 17/12/2018 08:19

After asos today.. These are a big sell

[3dwd] 17/12/2018 07:02

50p target price

[3dwd] 14/12/2018 12:21

I am extremely negative about BWNG

[unnavailable] 11/10/2018 11:39

Meant SDRY not SPD.

[only who?] 11/10/2018 11:16

Congrats anyone who got out alive! After that statement I think this has much further to fall. The general slump might have taken the spotlight away.

[unnavailable] 11/10/2018 10:49

I managed to escape completely at 120p this morning. Bought at 170p and again at 130p so it's no too bad considering. Knew the risks involved but this ppi issue is itself a deal breaker, imv.Retail being absolutely smashed to pieces at the moment. I also hold SPD but I expect the healthy ones to recover so I'll wait that one out.

[pugugly] 11/10/2018 09:41

BB title now correct but the wrong way !!! Retail (high street) is now in DEEP trouble - In particual clothing - Looks as though the model is now broken - Expect a lot more coys to be in trouble with an increased knock on for many property coys.

The majority of clothing retailers plus many others on the high street and retail parks are now TOXIC -

[citytrader66] 11/10/2018 09:40

i fell real bad for you guys if still in. i wasn't expecting this. i sold last few shares i had at 134.5p yesterday.

SP rebased too now, not just the dividend. its struggling to get above 108p at the moment. maybe that is resistance area for now.

[meijiman] 11/10/2018 09:11

The previous ceo will be laughing having trousered £m's for utter incompetence. A familiar story. Very similar to Royal Mail. Wonder what those two have in common.

[only who?] 11/10/2018 08:59

Another one bites the dust

[zoolook] 11/10/2018 08:48

Dividend cut and PPI issue on top of everything else. I’m out

[rathean] 11/10/2018 08:44

Agreed, we all smelt something a bit fishy and we've just found out what it was. Flat trading but bod in disarray, strategy up in the air. Not good.

[unnavailable] 11/10/2018 07:40

Horrible update. Expect huge fall here.

[stevie blunder] 04/10/2018 14:33

Not long to wait for trading statement
Interim 11th Oct according to websites

[rathean] 04/10/2018 11:57

I guess the narrow trading range suggests everyone else are watching. Would be great to get a trading update, BOO outperformed but other online players struggled with the hot summer.Fwiw I did a coin toss and it was tails :)

[rathean] 14/9/2018 09:50

I keep looking at this price, on balance I think it's a good buy and hold level but that nagging doubt about a capital reorganisation and dilution is persisting. Will continue to watch.

[eastbourne1982] 13/9/2018 22:36

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.

[zoolook] 13/9/2018 16:44

Borrowings exceeded by the loan book which they could sell on if they needed to raise cash

[zcaprd7] 13/9/2018 09:16

Good, I've been arguing for this for years, she's very lightweight...

[citytrader66] 13/9/2018 08:37

seems a bit fishy this should drop so much at the open. i guess the drop started yesterday and i note it closed below 50 DMA.