View Full Version : THE KING & BGR WHAT NOW.
Halebop
12-02-2005, 10:21 AM
quote:Originally posted by THE KING
THE KING says Pardon to ask but who is Carmal Fisher Funds.. ?? [^]
Someone with more money than you.
THE KING says how do you know S H I T mouth.. [^]
Shamrock
12-02-2005, 11:31 PM
Alright then, someone with more sense than you - she's sold BGR! [:0]
Paper Tiger
13-02-2005, 07:15 AM
She is also more polite than his majesty. [^]
THE KING says PT you wrote it up about CFF now you deliver SERMONS..[^][^]
duncan macgregor
13-02-2005, 10:26 AM
KING, Your majesty it is sunday after all sermans today are of the norm in some circles on sundays. Your loyal subject trying to help out as always. macdunk
THE KING says KIWI`s are GOOD for talk only ask them for money is not on,, ask Duncan not to talk is even HARDER.. [^][^][^]
Halebop
14-02-2005, 02:03 AM
quote:Originally posted by THE KING
THE KING says how do you know S H I T mouth.. [^]
Keep it clean smallest one. Your post made it quite clear how close you keep your mouth to the potty.
quote:Originally posted by Halebop
quote:Originally posted by THE KING
THE KING says Pardon to ask but who is Carmal Fisher Funds.. ?? [^]
Someone with more money than you.
THE KING says asked a Q and this is your Dumb answer dont blame me look at your self and by the the way who is carmal fisher FUNDS..[^][^][^]
rotsevni
14-02-2005, 10:42 AM
[/quote]
THE KING says asked a Q and this is your Dumb answer dont blame me look at your self and by the the way who is carmal fisher FUNDS..[^][/quote]
KFL
Halebop
14-02-2005, 11:06 AM
quote:Originally posted by THE KING
THE KING says asked a Q and this is your Dumb answer dont blame me look at your self and by the the way who is carmal fisher FUNDS..[^][^][^]
Would your majesty be any wiser if anyone answered the correct response of "A Fund Manager"? That was evident to everyone except perhaps those with the IQ of a ham sandwich. I don't believe you place yourself in this last category?
Given your careless use of the smug emote I could also be excused for thinking you were being sarcastic. Which is exactly what I thought, especially when compared with your trite and blinkered views throughout this thread.
But yes, my response was dumb. As you so wisely responded above, the outputs were in keeping with the inputs. Your enlightened intellect and wit, so amply displayed with the words "S H I T Mouth", leave me discombobulated.
I shall endeavour to retreat to my humble peasant abode, never to darken your regal personage again. Although speaking in third person is always a sure fire way to make friends, royalty it seems, is an acquired taste.
THE KING says THANKS now have the ANSWER.. [^][^][^][^]
Sharebroker
14-02-2005, 11:13 AM
Ah, but we still don't have the answer on how dukie is going to upgrade BGR. You had your meeting yet, kingi?
quote:Originally posted by Sharebroker
Ah, but we still don't have the answer on how dukie is going to upgrade BGR. You had your meeting yet, kingi?
THE KING says Dear SLUG as to your repetive remarks they are taken as VERBAL ABUSE .. [^]
Bling_Bling
14-02-2005, 11:42 AM
Hey KING, when is the next BIG SALE at BGR? I need to buy alot of stuff for my daughters new house. Want to buy everything at once and not shop around. Hate shopping.
THE KING says will be in NZ 17th Febuary and up to PARAPARAUMU the BGR store there is NEW what a place to shop always a SALE.. [^]
THE KING says Rock why does it take 3 goes to say NOTHING.. [^]
THE KING says 2 more Rock you LOVE me.. [^]:D:D
duncan macgregor
14-02-2005, 02:51 PM
ROCKING, SHAME ON YOU. The king is coming over to set this wayward duke on the right track. At least give his majesty the courtesy of getting this rascal a business education. Dont worry your majesty we will all be there to welcome your arrival. A few quick clips round the ear to stop him selling things cheaper than he buys them your majesty that is all that is required. macdunk
THE KING says Duncan you are much more thicker than I conceeded.. [^]
Sharebroker
14-02-2005, 05:33 PM
quote:Originally posted by THE KING
quote:Originally posted by Sharebroker
Ah, but we still don't have the answer on how dukie is going to upgrade BGR. You had your meeting yet, kingi?
THE KING says Dear SLUG as to your repetive remarks they are taken as VERBAL ABUSE .. [^]
Someone give kingi here a hankerchief - he's feeling rather hurt that he backed dukie to transform the image of BGR and so far, nothing has happened save a lot of money on super 12 but still same old discount-to-buggery strategy.
Do tell us how your meeting with Dukie go, kingi. We would ike to know the latest excuses for not performing. [^][^][^]
Gryffyn
17-03-2005, 05:15 PM
BGR
17/03/2005
FLLYR
REL: 1356 HRS Briscoe Group Limited
FLLYR: BGR: FY to 31/01/2005 $18.73M ($23.62M) -20.7% Final Div 4.25cps
CONSOLIDATED OPERATING STATEMENT
FOR THE FULL YEAR ENDED 31 January 2005
Audited (NZ$000)
Current Period Previous C.P.
OPERATING REVENUE
Trading revenue 318,251 315,355
Other revenue 2,328 1,980
Total Operating Revenue 320,579 317,335
OPERATING SURPLUS(DEFICIT)BEFORE TAX 29,069 35,888
Less taxation on operating profit (10,343) (12,268)
OPERATING SURPLUS (DEFICIT) AFTER TAX 18,726 23,620
Extraordinary items after tax - -
NET SURPLUS (DEFICIT) FOR THE PERIOD 18,726 23,620
Net Surplus(Deficit)attrib. to min. int. - -
NET SURPLUS (DEFICIT) ATTRIBUTABLE
TO MEMBERS OF THE LISTED ISSUER 18,726 23,620
EPS 8.9cps 11.2cps
Final Dividend: 4.25cps
Record Date: 15/04/2005
Payment Date: 06/05/2005
Imputation tax credit: $0.020933
The directors of Briscoe Group Limited announced today an audited net profit
after tax (NPAT) of $18.73 million for the year ending 31 January 2005.
The result exceeds the market guidance given on 17 December and follows a
satisfactory end to the financial year.
The directors have resolved to pay a final dividend of 4.25 cents per share
(cps). The dividend is fully imputed and, when added to the interim payment
of 2.75 cps, brings the total dividend for the year to 7.00 cps. This is the
same rate as paid for the 2003-04 year.
The final dividend will be paid on 6 May 2005. The share register will close
to determine entitlements to the dividend at 5 pm on 15 April 2005.
The earnings were generated on operating revenue of $320.58 million, up 1.0%
on the $317.34 million reported in the previous year.
The Group's gross profit increased 5.65% from $100.53 million to $106.22
million for the year, equating to a gross profit margin of 33.4% compared to
31.9% for the 2003-04 year.
Earnings before interest and taxation (EBIT) declined 21.2% from $34.68
million for 2003-04 to $27.34 million for the 2004-05 year.
While operating revenue and gross profit were ahead of last year's results,
the Group's sales increase of only 0.92% was not sufficient to cover
increases in operating costs, including those associated with the opening of
six new stores.
Group Managing Director, Rod Duke, said "The 2004-05 year proved to be
difficult for the Group. The change in strategy employed early last year in
relation to the number of, and depth of discounting for sale events, has
continued to be 'fine-tuned' throughout the year and competition particularly
within the homewares market, has remained intense. Deflationary pressures
have also impacted our ability to grow sales at a satisfactory level.
"Even so, we had some great successes during the year. Store inventory is
down by an average of $170,000 per store, gross profit margin has increased
to a level which we believe is both at our desired level and sustainable
moving forward and achieved in a period in which we opened six new stores
across the Group.
"The increase in gross profit margin was due to a combination of factors
including, a decrease in the number of sale events and the depth of
discounting used in those events, optimising stock on hand in stores and
greatly improved shrinkage results through increased focus on loss prevention
initiatives. We have also benefited from the increased strength of the New
Zealand currency."
The opening of Briscoes Homeware stores in Coastlands, Takanini and Riccarton
increased the total floor space of Briscoes Homeware by 14.6% to 68,693 sq.m.
Rebel Sport's floor space increased by 15.7% to 40,985 sq.m. wi
Duke is holding a substantial warchest ($47mil.); a share buyback would be a good option in the circumstances (sluggish share price and apparently no aquisition plans).
Paper Tiger
17-03-2005, 07:56 PM
Based on these figures and current SP we have
P/E = 13.7
Gross Dividend Yield = 8.63%
Next year is going to be better says Rod. So we all going to buy some when the price stops dropping?
winner69
17-03-2005, 08:03 PM
Tiger
Cash of 21 cents/share
So is 'real' shareprice $1.00 - a p/e of 11?
Paper Tiger
17-03-2005, 08:09 PM
No. You buy a share for 1.21 today so 13.7 it is.
Rod has been sitting on his piles for far too long. You would have thought that he would shift position occaisionally.
winner69
17-03-2005, 08:13 PM
The telling part of that announcement is that gross profit margin of 33.4% is up from 31.9% for the prior year - so the change in strategy and all that non-discounting has added a miserly 1.5% points to margin ... sort of says he hasn't put prices up much.
But looking forward Rod says 'gross profit margin has increased to a level which we believe is both at our desired level and sustainable'
OK that 1.5% is about $3M extra margin but the expense base has increased heaps more than that
So future profit increases need to come from sales growth and the BGR history in that respect isn't all that flash .. even when taking into account the extra footprint.
How much more will they make next year? I say not that much more ... unless Rod does find something to buy (cheap)
winner69
17-03-2005, 08:16 PM
quote:Originally posted by Paper Tiger
No. You buy a share for 1.21 today so 13.7 it is.
Rod has been sitting on his piles for far too long. You would have thought that he would shift position occaisionally.
What would happen if Rod gave that 21 cents cash back to you?
Would the shareprice stay at 121 (your 13.9 times earnings)?
Or would the market adjust the shareprice accordingly?
maybe worth buying for the 21 cents alone
winner69
17-03-2005, 08:18 PM
WHAT DID HAPPEN TO THE STIRLING SPORTS THING?
Wasn't it going to add 20 cents to the share price
Sounds dead in the water ... obviously wasn't worth the $3M they wanted
Paper Tiger
18-03-2005, 06:27 AM
quote:Originally posted by winner69
[brWhat would happen if Rod gave that 21 cents cash back to you?
Would the shareprice stay at 121 (your 13.9 times earnings)?
Or would the market adjust the shareprice accordingly?
maybe worth buying for the 21 cents alone
Basic sums:
1) As it is
SP $1.21 MCap: $256m7 Profit $18m7 Divs 7cps
So P/E = 13.7 Yield = 8.63%
2) Without 21cps cash.
SP $1.00 MCap: $212m2 Profit $16m3 ($2m4 post tax interest on $44m5) Divs 6cps
So P/E = 13.0 Yield = 8.96%
Like wow!
winner69
18-03-2005, 06:34 AM
Another way of looking at it PT
Say Rod gives back 20 cents/share to shareholders because he can't find a home for it
Wouldn't the share price go uo 20 cents until paid out ... then fall back to say 120 .... adjusted profit after less interest income and pe > 14
Maybe the market is efficient ?
winner69
18-03-2005, 06:50 AM
Gee that Rod is a spopil sport ... he wants it to rain now ... NZ Herald today "It would certainly be wonderful if around the end of the month it gets wetter."
Moans when it rains and moans when it's fine
He'd better get the seasons sorted
Paper Tiger
18-03-2005, 07:02 AM
Winner69
Another way of looking at it.
Rod Duke has proved to be b***** useless, fiddling while Rome burns. "Fine tuning the strategy" indeed.
Stop dreaming and just decide to buy/hold/sell. ;)
cheers
Paper Tiger
Gryffyn
18-03-2005, 07:54 AM
The Dukes biggest royal supporter seems to be unusually quiet.
THE KING says Thanks to fellow shareholder Gryffyn please enjoy..
1/ This years Div is Safe.
2/ Next years Div is safe.
3/ Nearly 50 Million in cash,, eat yer heart out WHS.
4/ All assets and stock fully funded.
5/ 2005/2006 to be much improved.
Think what you may but the company is not BROKE.. [^][^]
halcyon9
19-03-2005, 09:31 PM
quote:Originally posted by halcyon9
SELL $1.20 now...
after market friday ann. DOWNGRADE...good company:(
Some REALLY simple figures for his moronesty
MARKET CAP $275m @ $1.30
FY Nett $17.5m (DOWN $6m) growth company???:D;)
still trying to tell me the PE is under 10 KING of BS?
[^][^][^]
Forward PER now 15.7
look forward to some shaving...
Assume a fair forward PER of 13 (given recent performance)
= Market Cap $227.5m / 212,150,000 shares
= actual shareprice $1.07 (@ 13x)
IMO $1.07-$1.15 is all it's worth for now.
halcyon9
19-03-2005, 09:34 PM
quote:Originally posted by halcyon9
Assume a fair forward PER of 13 (given recent performance)
= Market Cap $227.5m / 212,150,000 shares
= actual shareprice $1.07 (@ 13x)
IMO $1.07-$1.15 is all it's worth for now.
[/quote]
hello KING
just wondering if you have worked out how to use your abacus????
:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D
.....and he peered over the contraption with a lunatic smile....
aaaahhhaahahahhahhhhhaaaaaahhhhaaaaahhhahahhaha aaaarrrrrgghggghhhh
Sharebroker
20-03-2005, 08:13 AM
quote:Originally posted by THE KING
THE KING says Thanks to fellow shareholder Gryffyn please enjoy..
1/ This years Div is Safe.
That's what he said about profits - except it drops year after year.
2/ Next years Div is safe.
That's what Dukie said about profits - always going to be better than what is reported.
3/ Nearly 50 Million in cash,, eat yer heart out WHS.
Floated the company to buy something and we are still waiting. Meanwhile, Farmers is sold and revamped - now taking market share away from Briscoes. Why didn't Dukie buy Farmers?
Dukie only wants to steal - not buy. Because he knows he is no retailer.
Simple corporate finance, Kingi, is that a company should have gearing to maximise shareholders' wealth. Cash in the balance sheet - what a waste.
4/ All assets and stock fully funded.
Which company in the top 50 in NZ is not?
5/ 2005/2006 to be much improved.
So says Dukie. As he has said in the last 4 years.
Think what you may but the company is not BROKE..
The share price keeps dropping - almost the same as slowing going broke for shareholders. Only slower.
A SLUG will always be a SLUG.. [^][^][^][^][^][^][^]
Sharebroker
20-03-2005, 08:22 AM
Kingi, nice to see you surfacing.
How was your chat with Dukie? Any update of that wonderful upgrade strategy of his?
Like a cheap-skate thief in the night, does BGR actually have a strategy to add on another business by adding value to it - rather than by stealing it?
Clearly not. Otherwise you will be gushing with news, huh? ;)
A SLUG what happen SLUG NOG gas gone MISSING... [^][^][^][^][^][^][^]
Sharebroker
20-03-2005, 08:37 AM
Kingi, ever wonder why you are such a loser?
Wrong company.
Get it, wrong company? ;)
A SLUG lost SLUG gas and NOG wants NO SLUG..[^][^][^][^][^][^][^][^]
Sharebroker
20-03-2005, 09:43 AM
quote:Originally posted by THE KING
THE KING says BGR did not have its own thread but its arrived now,
noted good turnover today 614,00 + some body likes it could be Gerry Harvy they are come div so at $1.54 = $1.49 not bad.[8D]
Stated in AUS last week Retail stocks WW ave PE 17.4 US are above but AUS/NZ are below so BGR @ PE 13.5 can move up easy this just for Clouds mite add C9 whats retail in JAP like.[8D]
Have had requrests here to ask BGR to make a homware shop in Paraparaumm now that would be nice.:D
Regards THE KING
Kingi - good one.;)
A SLUG gets GAS,, NOG says NO - good one.. [^][^][^][^][^][^][^]
Paper Tiger
20-03-2005, 11:27 AM
Sorry to break this riveting intellectual conversation but I had a quick read of the Sunday Star Times this morning (rest assured that I did not buy it, but for some reason the entire road gets a gratis copy at the moment) and there is an article about Briscoes and Stirling Sport (http://www.stuff.co.nz/stuff/0,2106,3222922a13,00.html) and how according to Rod it is nearly a done deal.
Anyway I will let the elite of the broking fraternity and his highness resume dazzling us all with their incisive, cutting and I must say thought provoking debate.
THE KING says Thanks PT but would not read to much into that story as bird mite say the word "nearly" means price and thats a long way OFF if not at ALL thats why they give papers AWAY.. Regards.. [^][^]
winner69
20-03-2005, 11:43 AM
So how much did Rod spend of the $45M in the bank on Stirling .... seeing he 'stole' it I'd say $2-$3M
What has he got ... a master franchise. The franchisees turn over $40m say meaning that they pay franchise fees of ~$2M. Thats Rod's income and I'd say that more than half that is spent on marketing and keeping the franchise running so Rods left with ~$1M pretax
Add in some purchasing savings over the whole group (inc Rebel) ... must screw Nike etc because we are now a big player .... even though these synergistic things hardly ever come to fruition .... and this is a BIG DEAL for BGR !!!!
Maybe might even add 20 cents to the shareprice .. at least thats the story that the market will fall for .. and giving that this is the best that BGR can do in the way of acquisitions the return of excess funds to the punters might be on
That 122 odd looks CHEAP ... SUPER CHEAP
Did I mention SUPER CHEAP ... now thats a success story on the ASX .. a retailer who really knows how to grow his business
THE KING says have a happy EASTER 69 buy your eggs at WHS because BGR dont sell them..[^]
Now you seem to want to tell us all a lot about BGR all at once and what do you mean "Stole" you mean like a bank job Duke has done wrong a big doubt he is the THIRD biggest rich in NZ..[^]
$1.22 is a good price the way ahead not that rocky they only SELL houseware not GOLD bars what do you want for $1.22..[^][}:)]
The King it priced as it is a Dog Woof Woof
THE KING as a FAN of you ENIGMA and the type of advice you hand out only you would KNOW.. [^][^]
SLUG broker MULTIPLE PERSONALITY DISORDER has been CONFIRMED.. ;)
Sharebroker
22-03-2005, 03:12 PM
Woof ...woof ..woof. [^][^]
Dog of a stock and only Kingi would be mug enough to back it.
Woof. Woof. :D:D
WARNING to all MEMBERS SLUG broker CONFIRMED MULTIPLE PERSONALITY DISORDER please treat any statement as a VIRUS.. ;);)
BE CARFUL ROCK SLUG BROKER has a VIRUS and has BEEN,, WARNING..;);)
Dont worry ROCK feel the same way about you TOO.. [^]
Paper Tiger
24-03-2005, 10:30 AM
Stirling Sports a done deal, except for lots of important bits
Rods says how they are going to grow it.
Yeah right
quote:
BGR
24/03/2005
ASSET
REL: 0934 HRS Briscoe Group Limited
ASSET: BGR: Stirling Sports Transaction
Briscoe Group announced today that it had signed a sale and purchase
agreement with Stirling Sports Franchises Ltd and Franchise Investments Ltd
(in receivership), in relation to becoming the franchisor of the Stirling
Sports chain of sporting goods stores.
The agreement is conditional only upon vendor shareholder approvals and upon
obtaining commitments from a significant number of the existing Stirling
Sports franchises, to enter into a new form of franchise agreement.
The satisfaction (or otherwise) of these conditions is expected to be
determined within two months.
Under the terms agreed, the consideration for the transaction will not be
disclosed until the sale and purchase agreement becomes unconditional.
Briscoe Group will in due course pay cash for the business.
The Stirling Sports chain currently comprises 32 stores located throughout
New Zealand and generated approximately $40 million of sales for the year to
July 2004. At its peak, the chain had over 50 stores with sales in excess of
$50 million.
Rod Duke, Group Managing Director, said that Briscoe Group's Rebel Sport
chain has been a clear leader in the sporting goods market since the late
1990s, and presently generates over $100 million of sales per year from its
network of 20 stores.
"We believe we can make significant contributions to the success of the
Stirling Sports franchises, by utilising our existing strengths in a variety
of areas. These include media arrangements, product sourcing, financial
system, property management, human resources and loss prevention. Feedback to
date from Stirling Sports franchisees has been constructive. We believe there
is a high level of recognition of the potential benefits, and we would expect
this to translate into a high level of support for our involvement."
"The transaction also enables us to make a quantum leap forward in
implementing our recently announced franchise network plans, to achieve
market coverage beyond the major metropolitan areas. We see this as a
significant 'win/win' opportunity for Stirling Sports franchisees and Briscoe
Group, as well as for all the customers of both chains."
Mr Duke added that it was Briscoe Group's intention to maintain Stirling
Sports network under its own separate brand. "We see potential for further
growth for Stirling Sports in areas that are not already serviced," he said.
"Stirling Sports is well known and fits well as a smaller format partner
alongside Rebel Sport in the sporting goods market. In our dealings with the
Stirling Sports franchisees we have been impressed with their enthusiasm and
loyalty to the brand, and we regard that as a positive for the future."
Thursday 24th March 2005
Contact for enquiries:
Rod Duke
Group Managing Director
Tel: (09) 815 3737
End CA:00113233 For:BGR Type:ASSET Time:2005-03-24:09:34:09
THE KING says Thanks PT but still very coditional smoke will clear and there is a store in PARAPARAUMU.. [^]:D
Sharebroker
24-03-2005, 10:42 AM
Going to collect your Woof Woof prize, Kingi? :D
Paper Tiger
04-05-2005, 01:05 PM
Seems to have helped the share price up a little.
quote:
BGR
04/05/2005
GENERAL
REL: 1333 HRS Briscoe Group Limited
GENERAL: BGR: Briscoe Group 1st Quarter Sales to 30 April 2005
The directors of Briscoe Group Limited announce that unaudited sales for the
three months ended 30 April 2005 were $74.6 million, being 10.83% higher than
the $67.3 million reported for the same quarter of last year.
After adjusting for new stores opened since April 2004, on a same store basis
the Group's sales for the quarter were 5.76% ahead of the first quarter for
last year.
Gross profit margin, in terms of both percentage and dollar contribution, is
satisfactorily ahead of that generated for the first quarter of last year.
Briscoes Homeware sales increased by 7.81% to $48.7 million, while Rebel
Sport sales increased by 17.02% to $25.8 million. On a same store basis,
Briscoes Homeware sales increased by 3.94% for the quarter while Rebel Sport
sales were 9.35% ahead of last year.
Deputy Managing Director Alaister Wall said, "Briscoe Group has made a very
pleasing start to the new year with both sales and gross profit continuing
the strong finish made through the end of the last financial year.
Wednesday 4 May 2005
Contact for enquiries:
Alaister Wall / Geoff Scowcroft
Deputy Managing Director / Chief Financial Officer
Tel: (09) 815 3737
End CA:00114835 For:BGR Type:GENERAL Time:2005-05-04:13:33:12
THE KING says you cant beat Profits it apears that BGR is doing much better now and the Stirling Co`s wont HURT..
Lizard
04-05-2005, 01:52 PM
If you take the numbers apart, I suspect this is actually an excellent result in terms of profit - from memory, I thought last years low profit was more a reflection of store-opening costs rather than a hit to margins - which have always been quite good c.f. other retailers. So if margins are ahead of last year, plus sales growth, plus lower one-offs - hmmm - I will have to pull up a spreadsheet on this one.
We also have the Lions fever coming up and there should be a flow on effect onto Rebel Sport sales.
Biggest risk could be changes to the cost of imports due to currency movements. They don't seem to have had much hedging in recent years, though look to have put a small amount in place now.
halcyon9
04-05-2005, 02:24 PM
:D:D:D
quote:Originally posted by THE KING
THE KING says you cant beat Profits it apears that BGR is doing much better now and the Stirling Co`s wont HURT..
:D:D:D:D:D:D:D
What`s the current PER Kingi?
got your binkers on again I see[|)]
investors PLEASE note these figures are comparing sales to the 1st quarter of LAST year which was a DISASTER!
2004 Q1
SSS down 8.9%
SSB Briscoes down 4.74%
SSB Rebel down 17.86%!!!!!!!!!!!!!
2005 Q1
SSS up 5.76%
SSB Briscoes up 3.94%
SSB Rebel up 9.35%
On ALL 3 counts Briscoes is STILL down on 2004.
This IS still NOT a GROWTH company.
it is still playing catchup from a 2004 DISASTER sales wise, strategy wise and SHAREPRICE wise.
it`s easy to come from behind;)
just ask belg and king[:o)]
[:X]C9
WATCH OUT BELOW FOR A LAME REPLY;)
THE man of crap names can only talk CRAP.. ;);)[^][^]
GO to your NOG and crap on.. ;););)
Bling_Bling
05-05-2005, 01:09 PM
I like the things BGR sells, but I dont like their business model and marketing strategy, which have yet to change with the times.
Know what you SUCK.. ;);)
duncan macgregor
05-05-2005, 05:24 PM
HOW BORINGLY CHILDISH GROW UP. macdunk
halcyon9
05-05-2005, 05:27 PM
whatta killjoy
who is the bore?[|)]
have a whisky macdump[:I]
winner69
13-05-2005, 06:39 AM
Its official ... growth coming to an end
Duke says the Briscoes chain is reaching maturity.
http://www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10125228
Gryffyn
13-05-2005, 08:19 AM
quote:Originally posted by winner69
Its official ... growth coming to an end
Duke says the Briscoes chain is reaching maturity.
Pity the same can't be said about the quality of discussion on BGR ;)
Fish Broker
11-06-2005, 02:49 PM
quote:Originally posted by Paper Tiger
Stirling Sports a done deal, except for lots of important bits
Rods says how they are going to grow it.
Yeah right
YEAH....RIGHT ..... - Rod Duke for the next Tui Billboard!
What a surprise this was! (not)..
Briscoe Group Limited BGR 10 Jun, 2005, 17:08 GENERAL BGR not proceeding with Stirling Sports transaction
Full Text of Announcement
Briscoe Group announced today that it will not be proceeding with plans to become the franchisor for the Stirling Sports chain.
In March 2005 Briscoe Group entered into a sale and purchase agreement, conditional on a significant number of existing Stirling Sports franchisees signing up to a new franchise agreement by today, 10 June 2005.
Managing Director Rod Duke said "Without a franchise agreement that reflects current marketplace practices it is simply not worth jeopardising our rollout strategy by the inclusion of Stirling Sports."
"We continue to believe that our best way forward is to expand our Rebel Sport chain by modifying where necessary the format to suit urban shopping malls and the catchments of smaller provincial cities and to continue to appraise other more viable franchise options."
We will be developing new sites and will also consider opportunities to purchase existing independent sports retailers to re-brand as Rebel Sport. This approach will ensure we maximise the benefit from our current infrastructure, including marketing, buying and retail support functions."
Fish Broker
11-06-2005, 02:52 PM
Maybe the next Tui Billboard might read - "Briscoes to make a capital return - Yeah Right".
Rod Duke won't buy anything, but wont give back the cash either - dragging down his company performance..... along with his "marketing (or should that be 'discount' strategy" (laugh)
Gryffyn
11-06-2005, 03:34 PM
Talk is cheap it seems.
winner69
11-06-2005, 03:46 PM
quote:Originally posted by Capitalist
The Aunty Madge consensus is that the deal is worth 20c in terms of SP Winner. I'll stick to da horses.
So is the 20 cents the experts put on the Stirling deal still in the price
Doubt it .. everybody has given up on this growth company anyway
BUT what would happen if he said he was going to give back the 23+ (by now) cents/share of cash .... price go up 14 cents????
Paper Tiger
11-06-2005, 04:03 PM
quote:
BUT what would happen if he said he was going to give back the 23+ (by now) cents/share of cash .... price go up 14 cents????
Pigs would fly
mikescott
11-06-2005, 04:14 PM
Dukie is getting known around town now as the ultimate tyre-kicker.
Discussion between Dukie and vendor :
Duke - 'I .....have............... cash and ..............I ............want ..............to .................buy ...............your ..................business.'
Vendor - Ok. How much are you willing to pay?
Duke - '........................Nothing - ................I ...............have .................already proven ..................that ..................I ......................know...................nothi ng ................beyond ...................discounting ...................so ....................how ..................can ..............I ..................pay ...................anything ..............for ..................your ....................operations?'
End of discussion and negotiations.
winner69
11-06-2005, 05:19 PM
Minder ... Rod a s.l..o...w t .a..l..k...e.....r then ... Stirling Sports discussions going on for 6 months
Fish Broker
12-06-2005, 12:06 PM
Yeah - real slow....
Of the criteria for evaluating a company I believe one of the most important factors (which is often overlooked or given cursory attention) is management - This company is being mis-managed, and management seem to be reluctant or unable to reverse the trend. Therefore it is off my radar and will remain so until things change.
Sky Tower
13-06-2005, 08:31 AM
NZ Herald: Briscoes opts out of deal to buy Stirling Sports
13.06.05 8.40am
Briscoe has decided against buying the Stirling Sports franchise, because not enough franchisees had signed up to a new franchise agreement.
In March Briscoe signed an agreement to buy the chain. The deal was conditional on a significant number of existing Stirling Sports franchisees signing up to the new franchise agreement by last Friday.
Briscoe managing director Rod Duke said the group would now look at other more viable franchise options, as well as focus on expanding its Rebel Sport chain.
Mr Duke said the Rebel Sports stores would be modified where necessary to a format that would better suit shopping malls.
"We will be developing new sites and will also consider opportunities to purchase existing independent sports retailers to re-brand as Rebel Sport," he said on Friday.
Shares in Briscoe last traded on Friday at $1.22, having ranged between $1.05 and $1.47 over the past 12 months.
- NZPA
Paper Tiger
03-08-2005, 08:41 AM
Well this looks encouraging to me, recovering sales volume after last years poor performance.
Disc: Don't hold
quote:
BGR
03/08/2005
QUARTER
REL: 0852 HRS Briscoe Group Limited
QUARTER: BGR: BGR - 2nd Quarter Sales to 31 July 2005
The directors of Briscoe Group Limited announce that unaudited sales for the
three months ended 31 July 2005 were $79.8 million, being 11.80% higher than
the $71.4 million reported for the same quarter of last year.
The second quarter gross margin, in terms of both percentage and dollar
contribution, as for the first quarter, was significantly ahead of that
generated for the same quarter of last year.
Briscoes Homeware sales for the quarter increased by 13.45% to $53.7 million
while Rebel Sport sales rose by 8.55% to $26.1 million. On a same store
basis, Briscoes Homeware sales increased by 8.91% for the quarter while Rebel
Sport sales were 2.31% ahead of last year.
On a same store basis, the Group's sales for the quarter were 6.97% ahead of
the second quarter for last year.
The opening of the Briscoes Homeware store in Ashburton late in July brought
the number of Briscoes Homeware stores to 34 and increased total store area
to 70,348 sq.m. Rebel Sport numbers and area remained unchanged for the
quarter at 20 and 40,985 sq.m, respectively.
The July quarter sales figures take unaudited group sales for the six months
ended 31 July 2005 to $154.4 million, an increase of 11.33% on the $138.7
million reported in the first half of last year. Briscoes Homeware increased
sales by 10.69% during this period, and Rebel Sport by 12.61%.
On a same store basis the Group's sales for the six months ended 31 July 2005
were 6.39% ahead of the same period last year.
On a same store basis Briscoes Homeware sales increased by 6.49%, while Rebel
Sport sales increased by 5.62% over the first half of last year.
The Group expects to announce its half-year result by 5 September 2005. The
directors expect the first half tax paid profit to be satisfactorily ahead of
that reported for the first half of last year.
Wednesday 3 August 2005
Contact for enquiries:
Rod Duke
Group Managing Director
Tel: (09) 815 3737
End CA:00118822 For:BGR Type:QUARTER Time:2005-08-03:08:52:21
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