Member Info for WillInvest

Result is there isn't any results due to ongoing review with auditors! Poor shareholder management.

Has anyone else seen the large buys declared today - 2 x 5m shares at 65p? They happened around midday but declared after hours.
Hopefully we'll see a positive RNS tomorrow to see what's happened.

McPrice - This is based on 1 analyst forecast, 2022 FCF of £37.14m, revenue and FCF then continues to drop after. Maybe they forgot the 1 at the beginning, I'd ignore these valuations especially when there is a lack of views included.

I've bought in this morning as well, hopefully our research and thoughts on current value pay off.

I've come across this share over the weekend and looks like an excellent recovery share. I've looked at latest stat accounts as well as trading updates in the past year and believe it seems to be significantly under valued compared to latest performance. New contracts and strong pipeline improving balance sheet in addition to this.
Having reviewed recent transactions, it appears as though the spread is high between buy and sells on Friday. I assume this is due to low volume, does anyone know if this is typical at around 2-3%?

I don't think conspiracy theories on price are appropriate, it's market sentiment due to COVID update at weekend. This even includes other online retailers.

Yes I agree, some here have some "serious investor" things to be getting on with rather than reading this. Everyone's opinion is valid on here whether investing £1k or £100k, it's all relative to the individuals financial circumstances. Ask away if something is unclear but I'd recommend doing your own research.

Bladey - I agree there is a chance it'll drop if people are trading their new shares short term. I agree with those that believe this Open Offer has been holding back the share price for the past few weeks so don't expect it to a big drop but we'll see!

If unsure then you could consider partially taking up the offer.

I also have on or around 23rd December for new shares being credited. I don't know when you'd find out about what you get in the excess allocation, I'd assume before this date.

I've also requested basic entitlement, made a small profit selling at 60p.
AJBell just say it needs to be done before 9th Dec, I left it late enough seeing if the share price went below 57p again.

We have about a week to decide, depends on where the share price is but I'm likely to take up the full offer as it stands.

There is a risk of price dropping between accepting and shares being awarded.
I think the news about Bonmarche going into administration has pushed shares up today as they'd have been a key competitor of JDW.

Personally, I've taken the opportunity to sell the shares equivalent to my entitlement at 60p as worst case I'll make 3p/5% profit compared to holding. I don't have the funds available to add more so looking to retain the same number of shares. Everyone's circumstances are different.
According to my AJBell account to have until 9th December to state my action, I don't know if other trading platform have also pulled the date forward as well? I'll be making decision on 8th Dec if I've not already bought back in below 57p.

N Brown Group PLC has announced details of an open offer. Your account will be credited with a number of entitlements which can be exercised at a fixed price, with no dealing charges, to receive additional shares in the company.

Your account will be credited with 11 basic entitlement shares for every 18 ordinary shares you hold as of the ex-entitlement date, 5 November 2020. These entitlement shares are expected to be credited to your account on or around 6 November 2020 and this will form your basic entitlement, which will not be subject to scaling back.

The cost to exercise these shares will be GBP0.57 for each new ordinary share applied for.

You will also be credited with excess entitlement shares which will allow you to apply for shares in excess of your basic entitlement, but excess applications are subject to scaling back.

To view the announcement in full, please copy and paste the following link into your web browser:
https://otp.tools.investis.com/clients/uk/n_brown_group_plc/rns/regulatory-story.aspx?cid=1187&newsid=1426381

A separate event will be created to allow you to input your elections to subscribe for new shares.

Agreed, Alliance will have increased share of the Group if the offer isnt taken up by other shareholders.
I too have added 30% to my holding, unfortunately at 54p (didn't see 50p coming) and have no intention of taking up the offer as it's above current price.

Seems to be an offer of 11 shares for every 18 already owned. This is ok if you have the cash available and we don't drop below 57p otherwise no reason to take part. I'm less concerned than I was last night, the price higher than expected.

In terms of results, yes revenue is down but underlying profit is up especially when the £17m bad debt provision due to COVIS is excluded (seems to be very prudent when cash collection remains strong) - all profit measures would be up on prior year

Adjusted profit before tax down £9.2m or 28.9% to £22.6m

· Inclusive of absorbing a £17m IFRS9 Covid-19 bad debt provision to cover the cost of defaults which may arise in the future. Current cash collection rates have remained stable

Let's hope Brown don't consider any of these brands. Personally, I like the focus on online retail and paying down debt with cash generated.

Let's hope so. I believe in this share longer term so even if it's not double digit % increases in a day then I'm happy with a slow and steady climb from here.
This has been an impressive run from 33p at the start of the month.

Their oversight on the debt (and it's offset with credit to customers) is our gain whilst the share price still remains low. The new institutional investors seem confident.
I'm holding until dividends return, it doesn't seem as though BWNG are planning on drawing down on the £50m coronavirus facility unless things worsen significantly in which case this could restart in FY22 (if not sooner). If the dividend returns at previous full year rate of 7.1p then this would yield 17% at today's price, I still see this as great value despite recent gains.

Thanks MCPrice, what a pointless message!
If you're being picky then a full stop can't be followed by question mark/s in your own message.
Sort it out!

Yes, great news- even less shares available in the open market outside of the big institutional shareholders. I can't see the share price holding in the low 30s for long. I'm unfortunately not in a position to top-up further, my last one was over 40p but I'm still very confident long term.