Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
B&M European Value Retail SA (LSE:BME)'s third-quarter trading update on 5 January should give investors a better look at how new chief executive Alex Russo has performed.
Russo took the reins in September, sandwiched in-between May’s full-year results, which showed margin pressure, and November’s half-year results, which saw a drop in UK sales.
According to AJ Bell, analysts will be looking for three key figures from the discount retailer: headline sales growth, like-for-like revenue growth, which fell by 3.9% in the first of the year in the UK, and any change in full-year earnings.
Russo confirmed his predecessor’s forecast for full-year adjusted underlying earnings (EBITDA) to be between £550mln and £600mln.
Analysts at AJ Bell also note that B&M is unlikely to repeat the special dividend of 25p announced in January last year due to tougher trading conditions.
Finally, any information on further store openings will be a point of interest.
B&M has a long-term plan to grow its UK estate to 950 stores, up from 700, and its presence in France to 111 stores.
The plan for the end of the current financial year, this March, had been to add 40 stores in the UK, 15 Heron Foods stores and six in France.
So far, it has opened 10 UK B&M sites, four in France and seven Heron Foods stores
Rolls-Royce Holdings PLC (LSE:RR.) received an early boost to the year as Jefferies put the company on its buy list with an increased price target of 125p, up from 90p.
“As we look to 2023, we are more risk-on, and warm to aftermarket momentum” the broker said.
It sees a number of positive catalysts for the FTSE 100 listed engineer in 2023 including potential credit upgrades and further flight hours recovery which should build confidence in the group's mid-term potential.
The broker lifted its 2022 estimated EBIT by 16% on better mix (spare engines) and 2022/23/24 free cash flow forecasts by 22%/9%2% respectively.
Despite cuts to near-term EPS forecasts reflecting higher non-cash taxes the broker has shifted its focus to mid-term potential.
“We now value new market opportunities within our 2024-SOTP and roll our FCF yield valuation to 2024, boosting our price target to 125p (vs. 90p)” it said
From 30th December
Darktrace Q2 results
Back in August, Darktrace’s share price jumped sharply on reports that it was in talks with private equity fund Thoma Bravo, although no figure was attributed to the discussions. In September, it was confirmed that these talks had ended with no prospect of an offer being made in the near future, although the option was left open for this to be revisited after six months. Since then, the shares have slipped to record lows, with the investment community split as to the sustainability of its business model.
Last year, full-year revenue came in at $415.5m, a rise of 45.7% from the previous year’s restated $285.1m, and slightly below expectations. This shortfall appears to be down to $3.8m of revenue which had been reported in this fiscal year being re-allocated to the 2021 results.
Darktrace went on to reiterate its previous guidance set out in July, that it expects to see recurring revenue rise between 31% and 34% for the upcoming financial year. This is down from the 42.6% rise last year, which took the sum to $514.4m. The company posted an operating profit of $7.6m, compared with a loss of $34.7m. After tax and other expenses, this number fell to a net profit of $1.5m, compared with a loss of $145.8m.
In December the shares came under further pressure when management warned that FX effects had created a $17.1m headwind in the Q1 numbers, which are likely to impact annual recurring revenue for the rest of 2023. Other than that, the overall numbers look good, after Q1 revenue rose 37% to $126.3m, while the company reiterated its target for year-on-year revenue growth of between 30% to 33%.
Date, Price, Open, High, Low, Vol., Change %
16/12/2022 279.00 289.40 289.40 268.60 15.47M -1.41%
15/12/2022 283.00 293.00 293.40 281.70 3.56M -3.12%
14/12/2022 292.10 300.50 305.00 291.60 2.17M -4.01%
13/12/2022 304.30 312.00 315.20 302.10 2.96M -1.74%
12/12/2022 309.70 300.10 312.00 300.10 3.02M +0.88%
09/12/2022 307.00 311.90 314.50 305.40 1.64M -1.57%
08/12/2022 311.90 315.10 319.59 308.57 2.10M -0.03%
07/12/2022 312.00 322.30 330.50 311.60 2.59M -3.67%
06/12/2022 323.90 349.30 349.30 320.70 2.42M -7.59%
05/12/2022 350.50 362.00 364.40 347.65 1.40M -3.02%
02/12/2022 361.40 354.10 368.20 350.00 1.19M +1.57%
01/12/2022 355.80 351.00 362.70 349.20 6.58M +4.34%
Someone on Advfn said about 5 days ago “With falling volume, the unfortunate shorting antics of the institutions are in full control here but I do think its getting rather interesting around current valuations now!”.
These are recent volume back to last decent rise. Don’t think todays been updated this afternoon.
Date,Price,Open,High,Low,Vol.,Change %
14/12/2022 297.00 303.90 305.00 295.40 973.55K -2.40%
13/12/2022 304.30 312.00 315.20 302.10 2.96M -1.74%
12/12/2022 309.70 300.10 312.00 300.10 3.02M +0.88%
09/12/2022 307.00 311.90 314.50 305.40 1.64M -1.57%
08/12/2022 311.90 315.10 319.59 308.57 2.10M -0.03%
07/12/2022 312.00 322.30 330.50 311.60 2.59M -3.67%
06/12/2022 323.90 349.30 349.30 320.70 2.42M -7.59%
05/12/2022 350.50 362.00 364.40 347.65 1.40M -3.02%
02/12/2022 361.40 354.10 368.20 350.00 1.19M +1.57%
01/12/2022 355.80 351.00 362.70 349.20 6.58M +4.34%
30/11/2022 341.00 350.00 356.20 334.54 6.19M -4.19%
Looking at charts over time Darktrace and Crowdstrike is almost a mirror image of each other so todays drop mirrors that too.
I read this about Crowdstrike -
The problem with CrowdStrike is not slowing growth. The problem is valuation. The company's stock has slumped this year along with most other tech stocks, but it's still richly valued. With a market capitalization of $32 billion prior to Wednesday's open, the stock was trading for more than 14 times forward sales.
Not been ha ha.
North Wales Live
2 days ago
B&M shoppers are loving White Company Christmas décor 'dupe' and it is only £2.50
The Sun
2 days ago
Woman shares her delight after buying £30 duvet covers in B&M for just £1 each, but people are all saying t...
Liverpool Echo
3 hours ago
B&M shoppers rave over £2.50 White Company Christmas decoration dupe
Darktrace Plc has a 4 week average price of 335p and a 12 week average price of 275p.
The 1 year high share price is 559.60p while the 1 year low share price is currently 275p.
Obviously you don’t believe everything you read but this website reckons share price down in last year as previously over-hyped.
DARK Stock Overview
Darktrace plc, together with its subsidiaries, engages in the development and sale of cyber-threat defense technology solutions in the United Kingdom, the United States, Europe, and internationally.
About the company
REWARDS
Trading at 56.7% below our estimate of its fair value
Earnings are forecast to grow 60.34% per year
Became profitable this year
RISK ANALYSIS
Highly volatile share price over the past 3 months
Significant insider selling over the past 3 months
Shareholders have been diluted in the past year
New share to me but end of August seemed positive and results pretty much as announced today?
https://www.tipranks.com/news/wood-group-returns-to-profit-thanks-to-contract-wins
Resolving this would lift the clouds hanging over the company
https://www.theguardian.com/business/2022/sep/07/darktrace-future-clouded-by-concerns-over-culture-and-case