Member Info for NW92

Same to you MD, will be interesting to see how the markets react tomorrow with DT tariffs announcement

Market-Dealer - You also commented on your hope of what the SP will be…

I think this has further to drop tomorrow once Trump makes his big announcement tonight. Target price is 189p

Nearly 4% down this morning

I think so, welcome on board!

Sharecast News) - Citi reiterated its 'buy' rating on B&M European Value Retail on Friday as it said the stock's de-rating was overdone.

The bank noted that B&M has a 35% revenue and an over 50% profit share of the UK Variety Discount Retail market, which has seen easing competitive pressures recently.

"Whilst investor sentiment is understandably weak given -7% earnings revisions year-to-date, we view the de-rating as overdone and not commensurate with the earnings growth potential of a business that has structurally higher sales densities and quicker store paybacks post pandemic," it said.

"In the context of potential supermarket price wars, we believe B&M's General Merchandise proposition may provide some margin protection, helping to stabilise earnings and so over time driving a re-rating."

Citi added that its lowered price target of 456p represents 13x FY26 estimated price-to-earnings.

At 0940 GMT, the shares were up 1% at 263.60p.

No thank you! I’ll keep buying at these levels!

This is because of the current share price. A share price doesn’t just get booted out. It is not a football League.

Goldman Sachs raises Legal & General to 'buy' (neutral) - price target 256 (321) pence

I have topped up here again to bring the average down, no brainer in my eyes at this price.

Going to dip my toes in here if this goes to 195p

GLA

A company's ex-dividend date specifies which stockholders will receive the company's dividend on that particular date. Stocks of the company go ex-dividend on this day, meaning they do not carry the dividend value associated with their next dividend payment.

Let’s see if it gets that low…

I agree, I am sitting at around 30% paper loss, but I just see it as a great price to average down. 3-5 year plan here therefore not worried what happens day to day.

Where else do you think there is value in fundamentals?

Muz-Interesting to hear your the local store is quiet. The three in Plymouth are always rammed. With Christmas on the way, I will keep averaging down and investing where I can.

B&M expects full-year EBITDA to come in between £620m and £660m.

Alex Russo, chief executive, said: "This was a good performance as we annualise a record prior year of earnings growth with strong first half comparatives.

"Our long-term ambition for the group remains unchanged, in supporting customers with exceptional value. As we trade through the golden quarter, we are encourage by recent volume momentum and remain focussed on delivery profitable, cash-generating growth for all our shareholders."

Within that, B&M UK - its biggest businesses - posted a 3.7% rise in revenues, to £2.12bn, while B&M France strengthened 6.8% and Heron foods sparked 1.1%.

The growth was slower than last year, however, when B&M UK posted a 8.1% jump in interim revenues and B&M France rocketed 26.1%

Group adjusted operating profits also fell, by 1.8% to £258m, on higher costs.

However, B&M said it was "well-positioned" for the crucial fourth quarter. Including Christmas trading, the final three months of the year are vital for most retailers.

Good set of results and nice to see “An interim dividend of 5.3p per Ordinary Share will be paid on 13 December 2024.”

I have been averaging down since I brought in and now looking forward to results day tomorrow. It has been very quiet here of late, but we know this can change with good news. Good luck all for tomorrow.