Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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One min before close @ 30p
Why N Brown is a small-cap stock for contrarian value hunters
https://uk.finance.yahoo.com/news/why-n-brown-small-cap-074954217.html
Is something expected to happen apart from the quarter trading update come 17th June
Already 1,192,488 in volume today, some big buys last 30mins
Q1 trading statement 16th June
17 trading days.
Can't look at this short-term, give it 9months once we're hopefully near the end of any recession and good times are priced in lol.
Predictions for next week?
Okay finish in auction
The legal challenge was due to go to court in March 2022. Is there any news?
Looked promising this morning but this looks to be down. Shame
Bit of coverage.
https://www.thisismoney.co.uk/money/markets/article-10830581/MARKET-REPORT-plus-size-performance-boosts-profits-N-Brown.html
N Brown Group PLC - Manchester-based digital-only retailer of clothing and footwear - Pretax profit more than doubles to GBP19.2 million in the year ended February 28 from GBP9.2 million the year before. Explains this with a 32% lower impairment loss on customer receivables of GBP94.4 million compared to GBP139.1 million.
Also incurs lower finance costs and realises an exceptional gain of GBP4.8 million.
Annual revenue falls 1.8% to GBP715.7 million from GBP728.8 million. Blames this on lower Product and Financial Services revenue, due to business interruptions and adverse macroeconomic conditions that impacted customer behaviour. Plans to consider the reintroduction of a dividend this year.
Remains confident that its strategy will support the delivery of 7% product revenue growth with a 13% earnings before interest, tax, depreciation, and amortization margin in the medium term.
Current stock price: 32.49 pence, up 23% on Wednesday
12 month change: down 55%
By Abby Amoakuh; abbyamoakuh@alliancenews.com N Brown Group PLC - Manchester-based digital-only retailer of clothing and footwear - Pretax profit more than doubles to GBP19.2 million in the year ended February 28 from GBP9.2 million the year before. Explains this with a 32% lower impairment loss on customer receivables of GBP94.4 million compared to GBP139.1 million.
Also incurs lower finance costs and realises an exceptional gain of GBP4.8 million.
Annual revenue falls 1.8% to GBP715.7 million from GBP728.8 million. Blames this on lower Product and Financial Services revenue, due to business interruptions and adverse macroeconomic conditions that impacted customer behaviour. Plans to consider the reintroduction of a dividend this year.
Remains confident that its strategy will support the delivery of 7% product revenue growth with a 13% earnings before interest, tax, depreciation, and amortization margin in the medium term.
Current stock price: 32.49 pence, up 23% on Wednesday
12 month change: sp down 55%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Good finish in auction @33 (25%). Asos and Boohoo both down around 5% today. So was a struggle to hold up i feel. But good sign!
Shame the rest of the market is having a poor day today, felt this could of held up better otherwise.
Net assets of N Brown Group @ 26th Feb 2022 £442.3m
Market cap = circa £147m @ (32p per share)
And if you take out the exception item of £29.8m provision for Allianz Litigation the company would have made £49m
Now available on the company website. If you register as a private investor where it asks for company access is instant.
Summary of Steve Johnson’s opening points,
1. 9.9% strategic product revenue growth
2. Business now ina far stronger position than it was pre-pandemic
3. Cash generative, double digit ebitda margins with ebitda growth in line with guidance
4 “Incredibly strong balance sheet” that’s often overlooked, adjusted net debt is covered twice over by the Financial services loan book
https://webcast.openbriefing.com/nbrown-fy22/player/?player_id=48157.
seems like its liking this level. Rest of the market struggling, so might have fed through to the gains here.
Looks like a sell order was executed in £10k batches dropping it down and taking out a few stops?
Took a few more at 32p. Happy to wait, just think it’s grossly undervalued. Should have bought sub 30 but was busy this morning.
Silly remark Peakybinder are you a teenager ?
Not a bad gain for me with last Tuesday buy 26.4p , I post my trades live for the sensible people to know I am not one of those .
So much better if we all filtered the much dross out .
Some are paid must be minimum wage surly ( i do hope they get that )
Imagine paying 39 and loose 20% on your investment.eekkk painful imho
From 47% to 21%...big drop
Guess a few profit takers
struggling now
This was trading at 70- 80p last year. Now we know PBT is 46% higher than the previous years results and it’s trading at half that price.
Up 47% so far today plus don't forget that at the start of January 2020 - pre Covid - BWNG was over 140p a share. A divi of over 7p was being paid also in 2019 on very similar numbers to the final results announced today. No reason to not see 100p+ a share in due course. The BWNG share price used to range in the 200p-300p arena not so long ago. Good luck, Brighty