Poundland Share Discussion Threads

[hazl] 25/6/2015 13:20

The recent director buying is always a show of confidence I think.

[hazl] 25/6/2015 09:21

Excellent spread at present.

[philanderer] 25/6/2015 09:12

Re Bournrmouth store - it was a short term lease. Already looking for alternative premises in the town...


Shoppers in Bournemouth town centre are to lose their branch of the discount chain Poundland after just a year.

The retailer had only a short-term lease on its store in Commercial Road and is to make way for another shop.

Poundland opened the store, previously occupied by fashion trader USC, last July, creating 28 jobs.

A Poundland spokesperson said: “Poundland can confirm the Bournemouth store is closing.

“We are currently in the process of looking for a new site to relocate to and hope to be back in the area as soon as possible.”

[redartbmud] 25/6/2015 07:43

It makes sense to stick to a business plan that is tried and tested.
If that means a turnover target hitting a certain level, otherwise the store is closed then fine.
Presumably there was a break clause in the lease that mitigated any losses, assuming that it was leased.
The company is on an expansion programme, so can ill afford the luxury of lame ducks that do not adequately contribute to revenues and profits.
Remember the model is pile it high and sell it on ASAP.

[molatovkid] 25/6/2015 07:32

Quite surprised the Bournemouth store has closed, you imagine the Poundland formula working everywhere....looks like not. However, rather they close down the loss making stores.

[philanderer] 24/6/2015 16:59

Star of the portfolio again today :-)

[hazl] 24/6/2015 14:00

long way to go imo

[hazl] 24/6/2015 12:15

people like a bargain

imo

[patrick9092] 24/6/2015 11:43

Here in Bournemouth my local town centre Poundland has closed after less than 12 months opening.
Really surprised as always had great footfall when ever I passed or went in on the odd occasion. However, as we know footfall doesn't always convert into descent profits.
NOT an investor here and have considered buying over the last few months but just feel as the economy continues to improve, the likes of Poundland, Lidl & Aldi will no longer be the flavour of the month as shoppers move to other retailers who offer a better range & quality of goods.

[raysor] 24/6/2015 11:02

A lot hinges on the acquisition going ahead and on what conditions attached.

[crazy russian1] 24/6/2015 10:20

good share to own for pension

[molatovkid] 24/6/2015 10:11

Underlying EBITDA:

Poundland - £59.4m from 588 stores = £101k per store

99p Stores Limited - £6.1m from 251 stores = £24k per store.

I appreciate there may be some variation in property location and store size but this perhaps indicates why Poundland are so keen on this acquisition and what they might be able to do with them.

[hazl] 24/6/2015 09:32

good over here as well philo 8-)

[philo124] 24/6/2015 09:10

Clear blue here, in Malaga.

[hazl] 24/6/2015 09:09

HI PHIL agree a little bit higher day by day....

IMO

[philanderer] 24/6/2015 09:05

Nice start , morning everyone.

[dstorey1] 24/6/2015 08:47

Price rise in anticipation of update re CMA?

[hazl] 24/6/2015 08:42

WELL DONE POUNDLAND

[hazl] 23/6/2015 15:26

general trend seems up today here.

IMO

[gucci] 23/6/2015 10:32

back to 400p by year end imo

[hazl] 22/6/2015 14:18

Await for recovery myself,I personally think there is a lot more optimism in this share now.

[philanderer] 22/6/2015 11:45

Investors Chronicle:

'Poundland losing its currency'

Shares in Poundland (PLND) have slid since the Competition and Markets Authority launched an investigation into the value retailer's proposed acquisition of rival 99p Stores, which was announced in February. The inquiry has since progressed to a second phase, but a final decision isn't due until October. Until then, chief executive Jim McCarthy says the board is "doing everything it can to co-operate" with the watchdog.

IC VIEW:

It appears Poundland's IPO bubble has burst. True, there's been phenomenal sales growth, but the share price has reverted back to the IPO price. With the stock trading on a toppy 20 times forward earnings, Poundland can't afford to put a foot wrong. We downgrade to hold.
Last IC view: Buy, 318p, 27 November 2014

full article...

[redartbmud] 22/6/2015 10:23

Come on BE 326p