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Started: RoyGa, 19 Jun 2024 08:34
Last post: Bond-Investments, Today 09:40
Finally it's showing on LSE. All I know is I was up £12k yesterday and then suddenly I was down £5k when trading opened. Absolutely criminal these broker ratings! I guess they wanted a cheaper entry before the dividend next week. At least it seems to be recovering now.
BME Share News - London Briefing.
Thanks Everlong. Where did you see that? Nothing on the broker ratings on LSE and nothing on Google either.
Possibly Morgan Stanley cutting to underweight with price target of 4.33. I don't have a great deal of faith in broker ratings however, some are quoting 6.50. Do your own research.
Um what? Anyone know why this opened at 460 after closing at 477 yesterday?
Started: RoyGa, 14 Jun 2024 09:00
Last post: RoyGa, 14 Jun 2024 09:00
The recent decline in B&M's share price can be attributed to the political developments in France. With the right wing winning the election, there are concerns that their policies could lead to increased inflation. Higher inflation can erode consumer purchasing power and increase operational costs for companies, which negatively impacts retail businesses like B&M. Investors are wary of these potential economic changes, leading to a decrease in the share price."
Started: niklol, 13 Jun 2024 18:51
Last post: niklol, 13 Jun 2024 18:51
Trading statement announced for July 16th
Started: Shax, 7 Jun 2024 14:36
Last post: RoyGa, 12 Jun 2024 17:11
Are large institutions or market maker manipulating SP. Or is it to do with France snap election.
Might have to buy more at this price good results and a positive future but hit 52W low
And I am in 495p paid
GLA
Marketing Week:
Alex Russo told Marketing Week “the choice would be simple” if he had to choose between investing in pricing or a marketing campaign. “I would put it into pricing,” he said. “We are very aggressive on social media, which is free, but we don’t spend money on marketing. We create content.”
According to Russo, B&M is delivering “volume-led momentum”, with profits ahead of both pandemic and pre-pandemic benchmarks. Crediting the company’s “laser focus on low prices”, the B&M CEO claimed sustained volume growth is improving the retailer’s relationships with FMCG branded suppliers, reinforcing its position as the “fastest growing major customer for many.”
Like-for-like sales were also up 3.7%, compared with rival Poundland which reported a -2.8% sales decline for the same period.
With both retailers having focused on store rollouts over the past year, retail analyst at GlobalData, Sophie Mitchell, says this indicates B&M is “winning over consumers with its prices and product range”, while the retailer’s like-for-like performance suggests its stores will remain successful after their ‘honeymoon’ period.
Investors Chronicle:
In its last financial year, the group announced a new long-term target of “not less than 1,200” B&M UK shops – up from 950.
According to analysts at Peel Hunt, one of B&M’s strengths is its ability to draw in customers when it moves into a new area. “Unlike at other retailers, where it takes a while for new stores to reach maturity, that process is almost instant here – and cash payback is less than a year,” they said.
The story is much the same in the group’s French division and its supermarket subsidiary Heron Foods. However, we don’t think the group’s potential is fully reflected in its 12.5 times forward earnings multiple just yet, meaning the shares are good value. Buy.
Started: Jazztemp, 11 Jun 2024 12:11
Last post: Jazztemp, 11 Jun 2024 12:11
RBC cuts B&M price target to 600 (650) pence - 'outperform'
Agree, the company is doing really well and the drop as if it issued a profit warning ha
Adjusted EBITDA totalled £629m in the year to 25 March, up 10.9% on the year before, helped by higher volumes and strong cost control. This was at the top end of the company's forecast of £620m to £630m.
Group revenues rose by 10.1% to £5.5bn, helped by the opening of 78 gross new stores across the group, with 19.2% growth in B&M France, 15.3% in Heron Foods and 8.5% in B&M UK.
Alex Russo, Chief Executive, said,
"FY24 has been another good year for B&M. The three key components of our business - buying, logistics and retail, are working in balance and we continue to deliver excellent products at everyday low prices to our consumers. We are well set for the years ahead.
During Q4, we accelerated our opening programme, and the step up in openings is continuing. In FY25, we will open not less than 45 gross new B&M stores in the UK, plus a meaningful number in France and for Heron. We have also raised our long-term store target to not less than 1,200 B&M UK stores, which provides a clear runway of profitable growth ahead for us, from our current base of 741 B&M UK stores.
We have demonstrated strong volume-led momentum in our business throughout our trading history and that has continued, driving our profits ahead of both pandemic and pre-pandemic benchmarks. Despite the more challenging comparatives, with continued new store openings, and a laser focus on low prices and best in class retail standards, we remain confident in our outlook for cash generation and profit growth."
E-AL. Yes time to take a calculated risk and hopefully after Xdividend or just before they might go up.
Yes, the previous lowest point was 492 a few months ago. That being said, I just saw a chart on Twitter, the SP has just hit multiple support levels from the yearly, weekly, and daily charts, so it will likely bounce back up soon.
If this goes any lower it will be lowest for this year.
As it falls tracker have to sell so it drops even mor.
Started: RoyGa, 6 Jun 2024 08:05
Last post: Mr.Picky, 6 Jun 2024 17:25
So too do Goldman
Goldman Sachs cuts B&M European Value Retail price target to 600 (640) pence - 'buy'
and they are the "Shop" to them so it virtually has to be a 'buy'.
At the same time - Goldman Sachs cuts BME price target 600 from 640 but still as a buy
Although nobody has ever proved this point, to my knowledge, broker recommendations seem to run on some sort of rota where x says sell causing a sp fall only for y to later say buy causing the sp to rise. If investors knew in advance what had been planned they could make a lot of money. Now which bank is about the richest in the world?
Well, if J P Morgan's price forecast is right it is hardly worth selling at this price (471p versus 497p, just over 5% downside). Pure speculation, I bought 1,000 shares this morning before 9 a.m. at 496.67p. Never owned the shares before but on less than an hour's research I smell a bounce back above £5. I will cut my loss if it falls to 481p. Don't follow me on this, I get only a fraction more right than I get wrong!
I have bought another £3k this morning at a Bargain Price. Maybe the shares should be on sale in the company shops?
Started: onsolidground, 6 Jun 2024 13:31
Last post: onsolidground, 6 Jun 2024 13:31
0.25%
Hopefully that's the start of them.
Started: AstonBows, 5 Jun 2024 16:07
Last post: RoyGa, 5 Jun 2024 16:50
E_AL - They are not necessarily buy. Could be cancelled trades
2 more chunky buys just gone through at premium:
16:19:29 542.00 249,750 £1m
16:19:28 542.00 249,750 £1m
IMO tomorrow opens up 4%
Started: xxxAccountant, 5 Jun 2024 11:28
Last post: RoyGa, 5 Jun 2024 14:19
Thought it was the 6th today doh!!
Not today: Thursday, 6th of June 12.15 pm GMT ECB Main Refinancing Rate, Policy Statement (EU) The European Central Bank's interest rate decision and policy statement are to be revealed.
Indeed - in an hour I think. It’ll be interesting to hear the press conf. I suspect careful words and nothing the markets will pin their hats on
XxxAccountant - ECB rate cut already accounted for. It is what they will say the future direction
Looks like the conference went well, lots of buys coming in. Could finish blue today.
ECB rate decision could also give markets a lift. Wouldn’t be surprised to see us at £5.50 today
Started: Bucketman, 5 Jun 2024 14:06
Last post: Bucketman, 5 Jun 2024 14:06
Dropped nearly 40p today, only been watching these for the last couple of weeks, decided to buy a 1000…only because I dip in and dip out…no other justification for buying them…only being honest, but I think there is a few quid in them…
Started: RoyGa, 5 Jun 2024 08:07
Last post: seen_it_done_it, 5 Jun 2024 10:45
I still believe that this drop is unjustified. So, I bought another 1 and half K shares at 512.2, 4K in total (2 and half K bought earlier).
Now, let's wait and see the rebound. Good luck to all and have a nice day.🤞🤞💪💪
Travenhame After 0930 SP dropped even more. Are the answers not satisfied the market or are they trying to shake small shareholders and buy.
A nice chunky buy just gone through !
10:20:10 512.20 250,000 £1m
It seems to be a pattern on the LSE these days, companies match or beat brokers forecasts and the price drops 5%, good buying opportunity the will be back up next week
"B&M said revenue was driven by like-for-like growth of 3.7% in the core UK business and by new store openings that saw 47 gross new B&M stores open in the UK, 11 in France and 20 in Heron.
"Importantly, almost half of the B&M openings in the UK were in the fourth quarter, meaning the majority of the benefits to sales, cash and profits will be felt in the current financial year," the company pointed out."
Just bought 10K
Started: RoyGa, 15 May 2024 08:36
Last post: Taverham, 5 Jun 2024 10:06
Now in for £13k - I am feeling confused by the market but my conviction remains.
Just bought a further £3k. Will buy big time if they fall to around £5 but am not expecting that.
Nope don't understand the drop either - very strange
Bought £3k this am and am puzzled at the drop. Looks like a great growing business imv and the euros should help it push on this summer.
Many thanks for your reply.
Very helpful.
Started: onsolidground, 16 Apr 2024 08:21
Last post: Nick1234, 16 Apr 2024 13:43
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...
Started: muzmanoz, 5 Apr 2024 15:51
Last post: muzmanoz, 5 Apr 2024 15:51
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.
Started: berrymoore, 5 Apr 2024 11:32
Last post: berrymoore, 5 Apr 2024 11:32
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 ??
Started: onsolidground, 27 Feb 2024 10:43
Last post: blablabla1, 6 Mar 2024 11:01
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.
Started: niklol, 23 Jan 2024 14:07
Last post: Wella99uk, 14 Feb 2024 10:53
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?
Last post: AllAtSea, 10 Jan 2024 09:12
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.
Started: onsolidground, 28 Dec 2023 13:05
Last post: RoyGa, 9 Jan 2024 10:34
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.
Started: onsolidground, 14 Dec 2023 18:37
Last post: RoyGa, 26 Dec 2023 16:10
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.
Started: seen_it_done_it, 13 Dec 2023 14:19
Last post: seen_it_done_it, 14 Dec 2023 12:24
Took my small profit. Now, I am waiting for it to fall back again, lol.
GLA
Yep, plenty bought.
Comfortable with it. Plenty picked up cheap shares. On the bog at 08:00 thought took a while for the auction to sort itself. . 618p, end of next week. 10% rule.
Switching shares between Institutional shareholders doesn't6 affect or impact the day to day business and they were willingly picked up en masse at only a 3% discount.
The 3rd November update imho is the reason for that.
It was heading down anyway, this news accelerated it. All high gains here are followed by a big dump, always - look at the last 12 months.
January 9th will be a stonker. £7 soon.
Started: onsolidground, 13 Dec 2023 20:41
Last post: onsolidground, 13 Dec 2023 20:41
Hopefully sets the tone for some risk on and a nice Santa rally. UK will hold also and tbh we just play copycat with the US. Well at least that's how its looked since pre-Covid.
https://www.cnbc.com/2023/12/13/fed-interest-rate-decision-december-2023.html
Started: RoyGa, 13 Dec 2023 08:27
Last post: blablabla1, 13 Dec 2023 11:28
Not worried at all, long term thesis 2030 holds for me. Just add stores every year, grow buying volume to claim best pricing from suppliers and execute retail best in class (lot of peer group players can not at the level they do ). We will never know the real reason why they sold, could be they need the money to reinvest in other opportunities, pay taxes whatever. When you keep a business like this for the long term you will see drops even worse then this. Currently fairly valued so will not add and collect my dividends.
Shares were sold at £5.825. Sorry for people that would have bought at that price as they are lower in the market. Who would have bought them?
They wouldn't have sold if it was going to perform well. They know something we small shareholders don't.
Nick1234 - Yes,they would have known. This large shareholders would have communicated with BoD. Might be they are going to pay special dividend but profits down,so future dividend might not be going up as much.
That is a big sell. Does that reduce the chances of a special divi? You would have thought SSA would know if one was forthcoming and not sold up.