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Brighty one of a few names left from when I bought here at 23p.. I sold when the placing was announced as was sat on a big profit and wasn’t sure how it would pan out. It went to 77p and as usual I kicked myself as I missed the very top but here we are now 46p and substantial discount to that 57p
Paulof bought at 10p after the covid crash.. I believe he later took profits at the top, just the 600% up … but he’s back in at 46p area as it’s clearly offering Great value again down here. Ive bought 3 times this week still looking to add as and when at these levels.
Rome wasn't built in a day! This will come good. The Alliance Family deal last year and the move to AIM put a temporary halt on the then relentless upward share price trajectory after its shock fall from 100p to 10p at the start of the Covid outbreak. The sp recovered quickly from 10p to 80p and then the Alliance deal slowed the sp down. BWNG was over 150p at the start of last year before the crisis in retailer confidence and remember this used to trade at over 300p 4 years ago and much higher 7 years ago when the sp was over 550p. I've every confidence that CEO Steve Johnson and his team at BWNG are taking the business in the right direction since the departure of the former CEO Angela Spindler. The investor relations presentation pages are very informative and well worth a read about the turn around currently under way at N Brown. Good luck, Brighty
General issues against BWNG today such as retail sales fall :-
https://www.theguardian.com/business/2021/oct/22/great-britain-retailers-hit-by-longest-spending-slump-since-1996-covid
Inflation expected to top 5% by early 2022 says top BoE economist
Evergrande saga goes on in China
etc etc
I got carried away.... The quickest way to get rich is to get rich slowly, and that is what BWNG is teaching us :D
Congrats on calling this well, you were right that this had priced in the margin compression already, when I was still a bear. My inflation expectations are still materially above the markets, so think further corrections are likely, but think it will take six months for them to fully appear in the data. In the mean time, I have reduced my short in certain sectors, and gone long some of the oversold ones.
60p (conservative estimate). Perhaps as much as 70, as has been suggested. Once sentiment turns, the SP will overshoot these levels, of course.
AdamAnt where do you see fair value here?
Couldn't have called this any better, even if I say so myself. Lets hope it holds this time.
I's not exactly like a whippet is it, but slowly and steadily the share price does appear to be rising.
Bid offer is tighter than it has been for a while, which makes me think there is some interest here.
Another recent tweet by Paulof who is a very astute investor also caught my attention.
What I find even more ridiculous about #bwng is after huge cash generation last year it’s net assets (completely excluding intangibles) are now £318m / c. 70p a share.
At these prices you are getting a 30% discount to NAV with a £100m EBITDA a year company thrown in for free.
Saw this tweet from Investment IQ yesterday sums up my take here..
After solid H1 results announced earlier in the month, we’re surprised to see N Brown Group #BWNG still lingering around 45p per share. With the new marking campaign in full swing we should see significant gains in H2.
As a result of our focus on profitable growth, we re-iterate our previously communicated expectation for adjusted EBITDA to be in the range of £93m to £100m.
Bwng Forecast is £100mil ebitda. Mcap is a ridiculously low £200m atm.
Prices at 12 month lows and after good results.
Surely time to buy not sell.
Buy low sell high - not the other way round.
Just had a look at JD Williams insta pages, lots ofAmanda Holden (looking very tasty) and Devina Mcall. Xmas advert campaigns starting soon with these too.
It is trading on very very low P/E for a company that is now an online seller. I think now is a good buying opportunity personally.
I'm out at 46p after enduring 11 months of misery!
Was pondering a 2nd tranche now 46p to buy onHL and rising. Looks like we maybe right seller cleared.
I suspect those 2 trades have been worked for a few days. If that’s the seller cleared could let the brakes off…
Fingers crossed.
Fingers crossed. No doubt we are getting excited over nothing and its just noise haha.
If it was a seller overhang forcing the price down, maybe the sp can regain a more reasonable 50p or am I dreaming there ?
Looking at the trades their are 2 big sells cira 600k and 800k in volume
Maybe the end of a seller overhang and thus new buyers forcing the price up...
I couldnt see many shorts when I checked on bloomberg so maybe a long entering.
Lift off! Wonder if its a short closing?
Thanks Arnold.
It's nice to a fund manager appreciating the merits of BWNG.
I agree that BWNG will have it's day, but exactly when that will be isn't clear.