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Great results, 20p special dividend too. See how it goes.
Good results and special dividend 20p....happy here
B&M European Value Retail SA (LSE:BME)'s third-quarter trading update on 5 January should give investors a better look at how new chief executive Alex Russo has performed.
Russo took the reins in September, sandwiched in-between May’s full-year results, which showed margin pressure, and November’s half-year results, which saw a drop in UK sales.
According to AJ Bell, analysts will be looking for three key figures from the discount retailer: headline sales growth, like-for-like revenue growth, which fell by 3.9% in the first of the year in the UK, and any change in full-year earnings.
Russo confirmed his predecessor’s forecast for full-year adjusted underlying earnings (EBITDA) to be between £550mln and £600mln.
Analysts at AJ Bell also note that B&M is unlikely to repeat the special dividend of 25p announced in January last year due to tougher trading conditions.
Finally, any information on further store openings will be a point of interest.
B&M has a long-term plan to grow its UK estate to 950 stores, up from 700, and its presence in France to 111 stores.
The plan for the end of the current financial year, this March, had been to add 40 stores in the UK, 15 Heron Foods stores and six in France.
So far, it has opened 10 UK B&M sites, four in France and seven Heron Foods stores
Agree, more potential here, but suspect a cheeky drop tmwr morning.
In fact Jan 21 to Feb 21 the price rose over 100p in a month to above 600p briefly.
Spent Dec 2020 to April 2022 above 500p , if tomorrow's figures look good I can see recovery to at least there over the next week or two. The current price still has BME firmly in value territory.
Today's rise is down to the figures from the British Retail Consortium. "Take-home grocery sales hit £12.8bn for the four weeks to 25 December 2022, the first time the £12 billion mark has been breached, the report said."
It follows that BME will have benefited from an overall increase in food spending.
I think tomorrow's figures will be good, but not good enough to warrant a special divi. I'm not too bothered about an additional divi, I would rather see them use the money to pay down debt and/or expand further in France.
Not aware of any special dividend.
Excellent rise this week, tmwr update could be priced in & maybe a drop tmwr then recovery. Have sold half. If rise continues today probably sell half again.
Good start to the year, but there’s always something that causes a POP and huge fall end Jan/Feb. Enjoy while you can.
Special dividend? Anybody any idea if there may be one in early 2023
The half year report on 10th November caused the share price to drop initially but then recovered over the following days.
I've sold my shares today expecting a drop tomorrow but knowing my luck I've probably got it wrong!
Got to think with the price move today that it will be. You'd suspect a leaky ship given the rise.
Will it be worth the wait?
Mine arrived in my accounts.
Mine arrived yesterday afternoon and reinvested option today. Maybe the reason for rise today.
Mine's in today
thank you
You have to wait 2 business days from date dividend was paid, which was Friday. Should be in your account by Tuesday.
Was anyone paid the dividend on Friday
Not been ha ha.
North Wales Live
2 days ago
B&M shoppers are loving White Company Christmas décor 'dupe' and it is only £2.50
The Sun
2 days ago
Woman shares her delight after buying £30 duvet covers in B&M for just £1 each, but people are all saying t...
Liverpool Echo
3 hours ago
B&M shoppers rave over £2.50 White Company Christmas decoration dupe
JPMorgan raised price target to 555p today.
Impressed with the Xmas toy choices here, in years gone by its been knock off or cheap tat, spotted most of the things our kids have asked for from adverts (mainly YouTube) so good to know the product buyers are on the ball. Local store busy at 10.00 on black Friday.
FTSE forecast to be strong for December, Putin spanner ??? No words about a special dividend, last ones announced early December- 25p. Recession, B&M very attractive. Q3 update first week Jan 23, SP not going to be £4.
Along with ABF (Primark) BME look set to be retail winners in the current climate. In Dec 2021 they hit 644p, I can see a recovery to above 600p by March. Inevitably BME will have to include inflationary costs in prices, raising the raw figures.
7 weeks or so away. Undervalued at moment but making good progress, great investment so far. Will hold until update as always a catastrophe of some sorts Feb/Mar etc for stocks.
Spanish tax for likes of IAG group