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Goldman Sachs raised sp target to 490 "buy" this morning.
Correct, no stamp duty to pay on share purchases in companies registered outside the UK.
Thanks for reply, did do some research but couldn’t find anything definitive.
The dividends get 15% taken off before you receive them. Due to the Luxembourg registration. Will ask the Lloyds chat tomorrow to confirm.
As its registered in Luxembourg we don't pay any. I think that's the reason. But I'm also open to advice
Is someone able to explain the stamp duty situation when purchasing BME shares?
Thanks.
Nice finish today, looking strong, maybe the special dividend anticipated.
Meant threat, current sp is a treat and very strong.
Can’t see any treat here from mini budget on Thursday, quite the opposite. Crimbo sales in demand. Bargain SP
You might be right about a special dividend, but last year's interim specifically stated that a capital review was being undertaken, this year's does not.
Realistically sp should have been at 385+ yesterday, was a massive sell off Wednesday before the update. Next few weeks busy, busy, busy. I expect special dividend announcement in December.
All looking positive with BME.
Nice bounce this morning and still plenty of upside imo.
Last year, interim results were released 11th Nov 21. The Special Dividend of 25p/share was announced on 9th December 2021. Given todays drop?? - watch this space.
after today’s slump so far.
I need over a fiver to break even.
The weakness in the share price today appears overdone.
The real household income drop is still ahead and therefore another wave of trade down to hard discounters is still to come.
I also like the strong cash generation and low leverage seen in B&M.
GLA
there is the weakness but holding off for sub 330
topping up on weakness if there is any. Results not really a surprise but plenty of growth potential with planned new openings
Chugging along nicely just lately :-)
C Name Current price (p) Day change
BME B&M European Value Retail SA
372.70
+15.70
+4.40%
Finished down slightly ??
So the Daily Mail says so must be right. Up today 2.21% so far.
GBX 365.40
2.21%
+7.90 Today
Nov 7, 10:06:15 AM
I will assume BME shares is a buy or hold. Deutsche Bank upgrades B&M to 'hold', lowers target price https://www.pilling.co.uk/home/profiles/news-and-research/external-news/article/?category=broker-recommendations&slug=deutsche-bank-upgrades-bm-to-hold-lowers-target-price&story_id=11047222# Earning date 10th November 2022!
Happy Trading...
The sp is currently depressed but I don't agree that the shares are weak. If a takeover was likely, there would be a few interested parties, imo. If a bid were to appear, I believe it would instigate counter bids resulting in a substantially price.
Time for management to buy and expand. Homebargains . Iceland. Or expand if not they will be takenover at cut price as the shares are weak
I originally bought in here early 2020 so have seen the rise and fall in sp but pleased with the dividends. I've been increasing my holding this week at just below and above £3.00. I see good potential, as a discount retailer in the current economic climate, for it to rise from here and progress the dividend policy. Also, I believe there is the possibility of a takeover bid at a substantial premium.
trouble with B&M - they have aisle after aisle of tat - its the first thing people stop buying when money tight. Valuable retail space that is in store with no customers in those areas - thats the concern.