Member Info for NickRubens

Aquisace - Well I panic bought on Friday at 290p, thinking it was going to jump back aggressively. That's my typical mode of investing-reacting with twitchy fingers to daily movements. It's down today but I've never bought exact on many of my profitable trades. So yes lets see what the new boss does. I expect the shares to recover somewhat ahead of evidence sales have improved again (if that be the case). If my own spend at B&M increases over the coming months, then I'll be a longer term holder and add in the SIPP.

Of course I purchased other stock on Friday which are up today, but I don't comment on everything I do. I tend to be negative/cautious when I post on things I am interested in.

Lets see how the next few weeks unfold here, sentiment wise rather than hard numbers as they will come later.

Aq "Why are you even here then if you’re not invested? "

Because it's not an echo chamber for share holders wanting the price to just go one way and I might invest and I might not and it's a social public forum for discussion. Are you suggesting that only positive (bullish) comments should be placed?

Nothing we say will move the SP. It's too big a company for that.

I gave a great insight to a B&M shopper like myself who's spend has reduced, moved elsewhere and that pattern in the UK shows in their recent annual results (UK LFL sales down).

"A new CEO joining with extensive retail experience with discount retail stores"

Does he have a track record of turning businesses around? If so then that would be a big plus.

Cheers Royga, yes you've noticed too, that B&M has become less of a unique discount/bargain store. It's not what it used to be and my shopping spend there has dwindled over the years unfortunately. I still like popping in to see what they have but end up a bit disappointed as it's the same stuff available elsewhere and not at lower prices as it used to be. Also noticed the repeat products I want to buy are sometimes missing.

I'm not trying to put anyone off the shares, the bottom line will move the shares and recent figures were not that bad. I think the market is looking ahead and is slightly cautious. I expect another special dividend this year to help ease the disappointment in SP as B&M want to acknowledge the importance of their shareholders.

Aquisace Yes, Dinner - Mortadella sandwiches (home made bread and mortadella from Lidl) with own grown spring onions.👍

I think my day was exciting myself, visiting numerous shops in a row! lol

Could you give us some details on why you have a strong buy recommendation on B&M stock and what you expect will drive an improvement on LFL sales in the UK stores.

If I buy little or nothing at B&M and less over the years I expect that pattern may be occurring nationwide as we are all buying the same products elsewhere. B&M seems to be losing it's unique discount/bargain status and starting to look more like just another retailer to me. I hope I'm wrong as I may buy the shares at some point during the course of daily activity on the markets.

Spent money at Sainsburys (own some shares) , Home Bargains ( private company), Aldi ( Private company), went to B&M and spent nil !

That's why I hesitate to buy the shares.

If I don't spend much if anything at B&M and it has reduced gradually over the years as the bargain prices have seemingly withered a little, then I use that as my general consumer behaviour indicator to guide me on the stock markets. At the moment I need a bigger SP fall to tempt me here and then it's just likely for a short term trade (with no stamp duty advantage).

However I do wish long term holders every success here and follow with interest.

E_P Because you've seen it time and time again with AIM small caps (especially miners oilers etc). They have generally sucked endless cash from placings over the last decade and more and then end up delisting. Presumably someone will benefit from all the money invested over the years but most likely not the shareholders who funded the long term journey.

I keep looking here myself but the lack of news is off putting. Good news would have been relayed to the market IMO. It's possible KRS will be a success but at the moment the market does not buy it. Have many bottom drawer shares myself as detailed above.

With KRS I managed to trade out luckily, simply from experiencing the behaviour of AIM micro caps in general and resultant losses experienced.

At least we have a number for the Budget imposed cost increases:

"in FY26, our underlying fixed cost base will increase by circa £75m before mitigation as a result of minimum-wage linked cost inflation, National Insurance increases and additional packaging taxes (EPR) coming into effect from April 2025.!

Not sure this is a bargain as I've tried buying this every time I think it's cheap and end up just getting my money back (luckily). Probably fairly priced?

It all depends on next trading update IMO or perhaps the market will speculate ahead of that.

Yes xd tomorrow 5th June. I was a day out on my last post. I think I'll hold my stock despite the recent rise which would normally tempt a trade out. Special dividend to come sometime later.

Yes, I think the Mkt is a bit nervous, ahead of tomorrow's Finals. Like for Like sales will be important, especially as new stores are being opened. Longer term rolling out new stores is fine if the existing estate is not slipping on LFL sales. Hopefully B&M will be holding up and even showing progress.

I shop at B&M but don't seem to buy much as much of what they sell seems to be available elsewhere.

I've added a few today but missed the 160p area, no point waiting for a pullback as it rarely occurs once the market has sensed a value situation.

Share buy backs ( and presumably cancelling them) and carrying a dividend of 9.7p a share until xd date of 6th June 2025.

I would prefer them sending some cash back to shareholders, though still makes this an interesting hold for me.

Bit of a shocking and abrupt (maybe controversial) end to this company's listed period. Had it on my 'watch' list but wasn't tempted/convinced enough and especially after the fund raising flop. I feel lucky having dodged another bullet, though I've shot myself numerous times before (especially on AIM), so still full of financial holes that need plugging.

Enjoy Paul Hills podcasts though.

Cookie "I just can't see what I'm missing "

I thought that at around 125p, bought in, then changed my mind (luckily). The market clearly is concerned further warnings are on the way. June 17th Interims will hopefully give more details on what is happening on the company on the company trading front. I nearly bought again last week so I understand why this looks a bargain.

Mkt value at 68p is £251.5m

From recent RNS:

"As at 31 January 2025, RWS's issued and fully paid share capital comprised 369,807,646 ordinary shares with a nominal value of 1 pence each ("RWS Shares") with one voting right per share. "

Bailed out at 128p or so as something felt off with the longer term SP decline. Not convinced this is a bargain. Hope I am wrong for long holders here or those buying today. Might change my mind depending on what I read or discover or feel the urge to punt shorter term.

Lowbar " It's basically forcing you to give up some shares and receive some money for it."

Won't you still own the same percentage of the company afterwards? Not sure what real difference it makes really except instead of the xd price dropping as it usually does the price will likely just hold. You'll own fewer shares but they will be worth more (all other things being equal) than they would have been(after you get special dividend entitlement credited).

PrivatePunter "Nick, the property is surplus given the shift in the business model "

Yes but shareholders didn't receive the proceeds of it of the 'surplus' as a special dividend?

Anyway the SP is down to 28p today as no tangible contract news since the 'tip'. But I like newspaper share tips (buy ones especially) as they have given me many opportunities to sell mistakes or exit bad timing on purchases, sometimes at reduced losses and sometimes even a slight gain.

I'm still hoping Pennant can become a big success for owners and major defence contributors.

Cheers steview should know if the market is pricing this correctly (at this slumped price) next week. Looks cheap to me, but who can know for sure without inside info.

From my limited time of studying this company, A final dividend of 50p is supposed to be payable with results due 26th June. But then future dividends depends on finances going forward.

Are there any trading statements due before results? Cheers NR

If only this Yield could be maintained at this share price, in my dreams!

I know what you mean but I start to worry a little the market may know something we don't. Having said that, the last update was good, though there was a little pricing pressure mentioned, so not sure if that is a veiled hint or not?

I think if it turns blue again, i'll likely add again.