Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Excellent results and prospects. This is a bargain below £5. If I had any spare money I would be adding now.
Agree, njoyed the trading call today and added. Long game compounding.
Yes, very reassuring. Nice to be able to add more this morning under £5.00.
The envy of many a retailer...
At my niece's store and in other store's in her area they are reducing the number of hours per week per store by up to 30%. No idea whether this is a reflection of poor sales, minimum wage increase or just cost cutting.
Can anyone enlighten me about what the FY24 post close trading statement on the 16th April 24 is about ??
After the Q3 update in January I was expecting Fy 24 preliminary results in May . and then a Q1 FY25 in June.
I have not heard of or seen from B&M before a "post close trading statement" any ideas on its meaning or relevance ??
Agree but a catalyst here is not needed as long as leadership relentlessly executes the strategy and stay disciplined. added some free of charge at nice prices last month from my dividend, let it compound the coming years and add stores more and more and SP will move along. Getting richer slowly with this one. Discount offline is the only place to be coming years accept for DTC ecommerce in the retail space as I expect inflation to stay high coming decade and further squeeze middleclass.
There's no real catalyst for the share price to go up any time soon following the divi. The next scheduled results are 5 June 2024 i believe. All being well we should move back up to £6 over the next few months.
Over £6 recently from memory the down to 495p and less then looked like it was heading back up the last few weeks and then it about turns yesterday. Not in sync with the FTSE 100 or 250.
Its a strange one to follow other than if you are a long termer or if you buy low, set a target and sell when it reaches it.
The plus point is that it gave the opportunity to reinvest the dividend at the recent lower levels.
I was thinking it was more the Red Sea shipping lanes being off limits for the time being
Could be a reason for the current SP?
A reason why B&M has fallen is apparently due the government's pressure on the BoE for rate cuts. It's thought there will be rate cuts, putting more more into consumers' pockets and benefitting the more expensive supermarkets, not the likes of BME.
Sunak is also reported to be going on a borrowing spree - £206bn - prior to the election in order to placate and buy voters. See The Times.
Nevertheless, I think B&M is too well run to be spooked, and having taken profits a while back I see this as a good re-entry point.
Yes it is . Market maker and large institutions at ot again trying to flash out small shareholders. Don't panic and sell is the moral of this shares.
Nice opportune dip presented this morning for top up.
Excellent results and a 20p special dividend.
Looks like it's getting played on results day.
Just like last time.
Third Quarter update tomorrow
Will we get back over £6.00 again?
The recent placing subscribers were happy to pay the other side of 580p to pick up a swathe of stock.
I can see £7. Then,,,,,,,, I’ll be back.
One of 10 they have highlighted for the year ahead at 561.8p.
Investors seeking a resilient, dividend-paying growth company at the forefront of the consumer trend towards trading down should buy B&M European Value Retail (BME). The variety goods value retailer is benefiting from the cost-of-living crisis.
2024 should see the cash-generative discounter continue to capture market share in the UK, where inflation and rising rates have cut consumer purchasing power, as well as in France where sales growth is running at double digits.
Progressive ordinary dividends and the potential for further special payouts mean B&M is a terrific total return stock to own in an uncertain year ahead. The budget groceries-to-general merchandise seller retails a range of goods at cheap prices spanning branded groceries and drinks to toiletries, homewares, garden furniture and even toys. Through its core B&M UK fascia, the £6.1 billion cap is gaining market share from a ‘cookie-cutter’ store roll-out and a disruptive, relentless focus on low prices.
The FTSE 100-listed company also owns the expanding convenience store chain Heron Foods and has an exciting overseas growth opportunity via B&M France, where it is strengthening the fast moving consumer goods offer whilst raising store standards. As Liberum highlights, B&M is ‘a rare case of a retailer that has held onto its Covid gains’ and this
has led to ‘a material uplift in sales, and structurally higher margins, profitability and cash generation’. In addition, the retailer’s market shares in the UK and France remain small, meaning there could be many more years of growth ahead.
Following strong first half results in November, B&M upped its year-to-March 2024 adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) guidance to the £620 million to £630 million range, comfortably ahead of the £573 million generated in full year 2023, and B&M highlighted improving sales momentum ahead of Christmas,
suggesting scope for good news when the company delivers its third quarter update (9 January). B&M, which has agreed to acquire as many as 51 ex-Wilko stores from the administrator, also raised its long-term UK B&M store estate target to
‘not less than’ 1,200 outlets, a significant upgrade on previous guidance of 950 and a strong show of confidence from CEO Alex Russo. Along with continued like-for-like growth, Russo reckons his charge has ‘the runway to at least double our size in the UK in the medium term, while France also offers sizeable long-term potential’. We think investors will profit by backing these growth ambitions.
PartyOn - Let's hope so. Hopefully goes up and doesn't drop lower than £6 once it cross that line
Roy, 670 for you, soon.
I can see 700.
B& M have been a great share; they remain a fantastic company with massive trading opportunities.
GLA
PartyOn It will need miracle to push SP to 700.
Miracle do happen but doubt it for this shares. If that was going to happen major share holder would have not sold they have inside information.
January 9th update. Were near 620, rapid plummet to 540.
I can see 700.
Bought back what I have sold yesterday at 556.8, and got extra 32 shares, lol.
Hope that it has bottomed out and will rebound from here.
GLA and have nice weekend.
Just reinvested the equivalent today, in advance. And a little bit more.