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What’s peoples thoughts in relation to the re-introduction of a dividend with Thursdays results ?
Fair play, why not change your name to Mr boring??
Bought more 9th May 2022 for 26.4p .
Sold a tranche on 28th March 2022 for 31.3p, last post this tread the sale on the 4th March for 30p .
Got this on 9th above cheaper then the buy ob 4th March of 26.7p which I sold back 7 hours later .
Every dog has his day, think this one has hung up its lead. Directors will probably start selling soon to pay their tax bills!
On line retailers certainly suffering of late with costs and distribution and its not confined to clothing. Bwng on £132m Mcap v £900m of revenues is very cheap but they need some positive news to get back to a fair valuation for the company.
Hearing JD Williams ads on the radio this week. Pushing gardening stuff on finance.
Agree, unless they give phenomenal results or a buy-out, might bounce around this level for a while.
The shares of these online retailers have de-rated so markedly, we must be close to the bottom in most cases. I mean, Boohoo's sp is barely a quarter of what it was a year ago; N Brown's barely a third. Certainly I'm not selling at these depressed levels, but equally I've no great confidence that I'll be getting my money back from these poor investments any time soon.
Theoretically, with the type and mix of products that N Brown sell, it should trade okay through an inflationary period... but the company is so tiny by market cap now that it just doesn't feature for most professional investors.
I can't see a catalyst for a re-rate emerging.
Indeed, does seem to be spill over from boohoo. I am curious as to the bottom for these retailers now.....all getting hammered. Still not questing the profitability of brown, will have to see the results on the 18th i believe. However, think this is not moving up with all the macro issues going on, which seems like they are now going to last for a while, and dare i say, get worse.....
Share price below 27p to sell... Approx half the placing price!
Presumably it's a read-through from today's poorly received Boohoo results.
What a donkey of an investment N Brown has been!
If boo and asos are down, these guys must be getting very quiet...
Asos down 75% from its 52 week high. Struggle for all retailers. Least, to an extent, seems to be systematic, not specific to Brown. Will have to wait for results ay!
Yes, but sadly BWNG is 64.81% down from it's 52 week high. Quite a dud as it turns out.
How's everyone doing here?
Just to put the poor performance YTD in perspective.
Name YTD
Asos -39.60%
marks and spencer -37.36%
Gap -35.59%
N Brown -29%
Boohoo -27.57%
Adidas -26.33%
Nike -22.31%
Levi -21.95%
Quiz -6.31%
https://www.man.com/maninstitute/lost-energy-crisis-uk-consumer
Also, I think commodity price inflation has peak, lockdowns in china are bearish for both oil and gas which should lower energy price costs. I prefer others in the sector but I think its time to go long consumer discretionary.
Only 65 trades on Friday....make it a small punt..
Looked at the share for a while and nearly bought in when it was 17p in 2020 and I’m now tempted to have a punt as retail surely must recover this year? Has this suffered much dilution and extra debt since 2021?
Boohoo and asos both +9%
This down 4%
Fab….
And general headwinds affecting the whole sector (Boohoo, Asos et al). Inflation squeezing margins and consumer spending.
ASR I think the main overhang on the stock is the court case.
so long as they remain solvent and business picks up, this is a steal
I stumbled across this share back in early march at the 30p mark.
I am an accountant so I always look at market cap vs net assets and also price earnings and dividends are my key decision making tools before buying a share.
As of 27th Feb 2021 net assets = £416.3 million vs Market cap of approx £133m today (25th Mar 2022)
Share price approx 30p today
dividends a few years back were 14.23p share (2017 & 2018) - 7.1p in 2019 and 2.83p in 2020
all of those dividends give a fantastic yield based on todays share price. (14p is a 46% yield imagine that)
Am I missing something? (i'm probably suffering from confirmation bias)
Any thoughts?
Sold that back for 30p that is nearly 14% in one day , and this is a quite board so maybe not to many traders ?
Looked back to first buy date as I thought I had posted but apparently not . Have topped twice after heavy fall on yesterday RNS at *27.5p just before close , my friend Geoffrey who advised me to buy earlier and higher then I did on 18th June 2021 at 53p was egging me on to pay more in the morning .
He was in turn advised to buy by his friend M Price who he told me sold out around 40p some months ago .
Good move by M Price in hindsight .
Bought again this morning *26.7p
Itv have also had a 18% fall today after putting out what looks like pretty strong results.
Bears are clearly cleaning up on any news good or bad.
Some good ops presenting themselves imo.
Bwng sat on a stupidly low valuation for a solid profitable company. All retailers are effected by current headwinds distribution and inflation, they need to adjust their strategy accordingly, if cost of materials rise the rise has to be passed onto customers unfortunately and Bwng will be doing that. Rising prices could/ should actually help the loan business?
Even in financially straitened times and with general economic pressures, EBITDA of say £85m FY 2023, positive cashflow, reducing debt Y on Y, bags of cash/facility capacity doesn't sound too bad, hardly striking one as a dummy business. Maybe doesn't have the buzz or supposed glitz of an ASOS or Boo (well that might have been the case until more recently!!) but staid could prove to be better longer term. Whatever your view, surely all can't be as bad as being portrayed by the market. And if one is concerned about peoples abilities to purchase product with tightened pockets, think on this - buyers with less spending power are more likely to move down the value chain and purchase more at the lower end(s) of the market than be able to continue to afford higher quality/cost goods which could be more an opportunity than a negative. Time will tell!!!