BGR - Briscoes Valuation

[bull....]

duke da man results reflecting other retailer results this season. bodes well for whs i think too

[emearg]

I bought more in late Feb last year...just before the market tanked. I guess it just reinforces the old adage that "time in the market" is more important than "timing the market".

[macduffy]

Is the total annual dividend of 28.5c likely to be replicated in the next financial year as well?

Who knows? Probably not if the cash is needed for the rumoured "acquisitions".

[macduffy]

Is the total annual dividend of 28.5c likely to be replicated in the next financial year as well?

Who knows? Probably not if the cash is needed for the rumoured "acquisitions".

[Habits]

From March 17 2019, exactly 2 years ago

My biggest regret is not getting Kathmandu, says Briscoe's head | Stuff.co.nz
https://i.stuff.co.nz/business/11124...-briscoes-head

Does Rod still have that loving feeling for his old flame KMD. last offer was 5 brg for 9kmd plus 20c, valuing kmd at 180 each. Today he could probably buy the company for even less. We know that as the king of discount he loves a bargain.

"A couple of years ago, we attempted to buy Kathmandu. We ended up with 20 per cent, I would have loved 100 per cent but I am not in the habit of just paying a ridiculous price because someone thought it was worth it. But that said, I regret not getting Kathmandu"

Looking for something chunky that won't compete with his existing lines so maybe...

[Mr Slothbear]

From March 17 2019, exactly 2 years ago

My biggest regret is not getting Kathmandu, says Briscoe's head | Stuff.co.nz
https://i.stuff.co.nz/business/11124...-briscoes-head

Does Rod still have that loving feeling for his old flame KMD. last offer was 5 brg for 9kmd plus 20c, valuing kmd at 180 each. Today he could probably buy the company for even less. We know that as the king of discount he loves a bargain.

"A couple of years ago, we attempted to buy Kathmandu. We ended up with 20 per cent, I would have loved 100 per cent but I am not in the habit of just paying a ridiculous price because someone thought it was worth it. But that said, I regret not getting Kathmandu"

Looking for something chunky that won't compete with his existing lines so maybe...

yes see your line of thinking but IMO still think PBtech would be a much better / perfect buy for Briscoes. They even use the exact same sale / promotional activity, would be very chunky acquisition and fit perfectly

[Jay_]

Crazy to think how little it has moved with such good news... Me thinks BGP need to launch some artillery in acquisitions to 'spice things up' a bit...
Otherwise Mr.Market think BGP are boring

[emearg]

Otherwise Mr.Market think BGP are boring

15 year old thread but only 28 pages of comments. I think the market thinks Briscoes is boring. As a long term holder I don't really care...do you?

[CraftyBeer]

15 year old thread but only 28 pages of comments. I think the market thinks Briscoes is boring. As a long term holder I don't really care...do you?

Around a third of those 28 pages in the past 12 months - so perhaps less boring than it used to be? Retailing duvets and saucepans is not exactly the most exciting business to be in, but I'm certainly a happy holder for the divvie and the way the business is managed.

[bull....]

sales still booming , margins still strong

https://www.nzx.com/announcements/371818