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Any cash returned or dividends taxed at 15% which c*rap and share price down around 12% over last year.
Everlong50- Thanks for the info. Useful information.
Elsewhere RBC commented:
"In our view, it remains cash generative, and we expect it to continue to look to return surplus cashflow to shareholders. We see potential for B&M to achieve a gradual re-rating as it delivers consistently positive LFL sales growth (as higher rated Dollar General has done in the US) and as the growth of France and Heron Foods become better appreciated by the market."
https://www.proactiveinvestors.co.uk/companies/news/1008124/b-m-receives-upgrade-and-target-price-hike-from-broker-1008124.html
"B&M should offer amongst the highest, most durable growth in the sector, driven by positive like-for-like sales and space expansion.”
More competitions fighting for sales = less profit
In comparison, B&M's future growth plan is to increase their stores in the UK from 704 currently to 950.
Competition from Poundland is opening some mega stores from March -It comes as part of wider plans for the budget retailer to open or relocate 50 new shops by the end of September this year. The huge expansion plans will see Poundland open half a million square feet of retail space
Goldman Sachs has raised the price target to £6.00 with a buy recommendation.
Kin1 - I have been trying to find out same for Experiane shares which has Irish dividend withholding but no joy so far. I suppose they might be treated same way as USA shares which has 15% withholding tax.
Just got special dividend less 15% in HSBC ISA...
No idea why they are so slow.
Does anyone know if the 15% withheld will be refunded automatically to an ISA or will numerous forms need to be downloaded, printed and sent to HMRC or will it never see it again?
Mine in from HL
Update mine is in now as well cheers all
I can see my dividend less the 15% withholding Luxembourg tax in my IWEB account awaiting re-investment. If I get my stake back but a bit to go I will exit.
Read this on simplywall.st
REWARDS
Trading at 17.6% below our estimate of its fair value
Earnings are forecast to grow 2.49% per year
RISK ANALYSIS
Has a high level of debt
Unstable dividend track record
Mine's just landed in my account, A J Bell. :-)
Always late as company domiciled abroad; you should see it in your account by tomorrow morning ??
Bought well before ex dividend day when is this usually paid as l thought I would be by now Barclay’s smart investor account
It comes from overseas that is why
Checked with HL Friday
That is strange to be paid on Monday, when the divi payment date was Friday 3rd
Today is the payment date, it should land in your account Monday. Mine did last time.
I bought some B&M shares 11/01/2023 and sold them 01/02/2023. I thought I would be paid the dividend today?
IWEB will be at least Monday. 15% withholding tax is a B
Deutsche Bank today rated B&M a buy with a revised price target of £5.80.
Very glad I topped up just before we went ex-divi. Divi arriving soon plus share price growth is a great combination.
500p coming soon I think.
Progressing very nicely now......and divi paid tomorrow too!
Weird how today's intraday chart and the 3 month chart look almost the same. Trends on both only going one way at the moment. Adding in the special dividend this is going along quite nicely on a consistent rise gradient.