The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Barclays raises B&M European Value Retail price target to 630 (620) pence - 'overweight', but the SP drops 23p, what a joke!!
Are they going to declare special November dividend?
Looks shorted.
Cottill - No didn't sell any. Sometimes it is just luck. These share are worth buying and selling as there is no stamp duty and spread is very small. Similarly to Experine(Expn) and they are in ftse so always have good volume. Good luck.
RoyGa, I did to take profits. Hoping for a reduction next week with boe news etc so I can buy back in. That’s the plan anyway but we’ll see, fingers crossed.
It had a good effect, that is to drop the price 8-10% from today. Fill the coffers.
Bank of England interest rates next week.
FTSE will start shy ting itself again by end of week. Doom gloom next week. DYOR.
Bullish at moment, today.
No. Didn't sell . Have never trusted brokers or newspaper tips,but keep check and do research.
Did you sell?
Never trust Brookers . Just proves again JP Morgan miss leading. SP gone up since they downgrade (Only went down on the day they downgrade )
List of Wilko stores to be shut just announced, I imagine most if not all of these will be part of the BME acquisition
The administrators say the following stores will close on Tuesday 12 September:
Acton,
Aldershot,
Barking,
Bishop Auckland,
Bletchley FF,
Brownhills,
Camberley,
Cardiff Bay Retail Park,
Falmouth,
Harpurhey,
Irvine,
Liverpool Edge Lane,
Llandudno,
Lowestoft,
Morley,
Nelson,
Port Talbot,
Putney,
Stafford,
Tunbridge Wells,
Wakefield,
Weston-super-Mare,
Westwood Cross,
Winsford.
The following stores will close on Thursday 14 September:
Ashford,
Avonmeads,
Banbury,
Barrow in Furness,
Basildon,
Belle Vale,
Burnley (Relocation),
Clydebank,
Cortonwood,
Dagenham,
Dewsbury,
Eccles,
Folkestone,
Great Yarmouth,
Hammersmith,
Huddersfield,
Morriston,
New Malden,
North Shields,
Queen Street Cardiff,
Rhyl,
Southampton-West Quay,
St Austell,
Stockport,
Truro,
Uttoxeter,
Walsall,
Woking
PartyOn
My sentiments exactly regarding being orchestrated
You’ll find out on the 9th November.
Almost looked orchestrated with the broker update announcement, got a few more anyway as won’t be this price in November.
BOE interest rates in couple of weeks, expecting £6+ next Wednesday, sub £6 week after.
LM
Me too. Wilco failed, largely because most of their stores are high street based. B&M's model works, because they are located mostly in out of town locations, with free and convenient parking, which is particularly important for shoppers buying bulkier items. Hopefully, B&M know what they are doing here and they aren't grabbing defeat from the jaws of victory.
Interested to know the location of the stores B&M are interested in. Their strategy has been moving out of high street into cheaper, larger retail park plots in recent years... yet I don't know of many Wilko stores that match
Maybe they want to expand Heron into some of these plots?
Who cares what JP Morgan advises? I do not. They run their own show and short term PL. I am patient with this leadership. Started buying in the 390 zone after visiting several shops in 2021/2022 and finalising my thesis that discount offline retailing will grow this decade above average based on squeezed middleclass both in GB and France (140 M people). So if they double the number of stores while maintaining operational excellence in stores, DC and HQ their purchasing volumes will only increase making the end pricing more attractive in theory as their suppliers will be happy to take the volumes and do attrative instore promo. Adding these stores from Wilco and turning them around at missing locations BME in new well run stores will be a long term value. They will pay most likely a low price as Wilco is in deep trouble now. Ofcourse this will be an investment but that is what you do when you run a business. BME is one of the few retailers offline I am invested in, the remainder is all ecommerce.
But RBC are very bullish according to that proactiveinvestors report.
Anyway, I for one, added more b&m this morning, looks compelling to me.
Yes, they downgrade, target price down to 513p
Can you ever trust any of the brokers?!!!
B&M European Value Retail is close to striking a deal to acquire scores of stores from administrators to the collapsed chain as hopes of a broader rescue deal falter, Sky News understands.
https://news.sky.com/story/b-m-swoops-on-50-wilko-stores-as-putman-rescue-deal-falters-12955301
JP Morgan downgraded B&M to underweight
Despite increasing the rating SP has gone down today, wonder why.
RBC raised their rating to outperform with revised target up from 615p to 650p.
What would be the gameplan for B&M with Wilko? Just take over the store locations and shut down wherever there's a crossover/worse location?
Who knows ?