Member Info for Nick1234

I'm optimistic that they will meet their previous forecast for number of completions (between 14,000 and 15,000). I'm also hoping for good news on the divi.

Unfortunately, the new lockdown and wider economic gloom are likely to overshadow any good news from the update.

Am I right in think construction sites are still OK to open under the latest lockdown rules?

I think this will start to move up now, hopefully buoyed by a trading update and news of an acquisition

I received mine from HL on Wednesday.

I'm also Boohoo and CCH shareholder. Chalk and cheese those 2 shares!

I think this is a great share. As a strategic partner of Coca Cola it's very secure and even though it's considered very defensive, it does offer good growth prospects. Although I would like to see a higher dividend.

Assuming the Covid vaccine(s) is successfully rolled out over the next 6 months and cafes and bars fully reopen, I see no reason why this won't hit £28 by this time next year. It's certainly not a share i have to check on every 5 mins like Boohoo!

Let's get Brexit sorted first. The board can't make a decision on the divi until they have a clearer picture on the economic recovery.

....Just read the trading update which confirms they are forgoing it at a cost of £80m.

Given that Tesco, Morrisons,Sainsburys, Lidl and Pets at Home have all now returned the money to the government for the business rates break, are B&M also obliged to? I seem to remember from the interim results it was a significant chunk of money.

Would the special divi have been as generous if they would have known this?

I would have thought that Boohoo would come up pretty high on a Google search for clothing already, but anything that optimises search engine results has to be good for results.

Nice to see them supporting a local business too.

I've just seen the article. His target price is still 130p.

Personally, I think the government should make it compulsory for everybody to use Dentyl mashwash twice a day!

Being a Bolton lad, I follow this share pretty closely although I don't currently have a holding. IMO the company needs to show a decent profit when the next results are issued. They are doing a lot of good groundwork, but ultimately investors will want to see it translate in to pounds and pence.

There's an old phrase in shares, "buy on rumour, sell on news." It was widely expected that BME's interim results would be good. The trading update released at the end of quarter confirmed it, and it was already built in to the share price given the huge rises over the last 6 months.

I was thinking in the same. Thought i must have missed an an announcement or something. At the low 80s it looks v. cheap to me!

Yep they were awful. I've submitted a complaint for what its worth. Can you imagine if a bank couldn't tell you accurately what funds were in your account or you couldn't withdraw your money?

Just how high can this share go? The company is now worth more then Morrisons and Sainsburys. Obviously those two aren't growing anything like BME, but their market share is significantly more.

I expect BME to massively benefit from the 2nd lockdown and Christmas trading will no doubt be good too, but can sales and growth be maintained next year?

I would agree that sounds like big news. Why hasn't the media picked up on this? Would an RNS be appropriate now?

Down about 9% from the mid-October highs. V tempted to top up at around the 505p mark.

Yes seems to be gaining some momentum. Classic case of anchoring i think.

I'm in at 207p so would like a boost in the near future to cut my paper losses, but I'm very confident in the long term outlook so not overly worried. I would buy more now but its already over 20% of my portfolio so don't want to be any more exposed.

One thing not mentioned in your (very good) analysis is Brexit. This share is such a fundamentally British share in the same way as Lloyds, Nat West , Barratt etc all are. No deal could mean another sharp drop, but on the flip side a good deal could give it a nice quick boost.

One other thing I am worried about is the value of some their commercial property assets, especially city centre offices. Surely there will have to be a mark down in their value in the near future?

I would expect it'll be next year before the dividend is brought back. Given how susceptible the company is to the state of the UK economy, the BOD will surely want to see how Brexit, Coronavirus and the UK economy pans out before committing to such a big expenditure. I don't think the recent SP increase is down to the expectation of the divi being brought back imminently, more that it looked a bit of a bargain sub 550p.