BGR - Briscoes Valuation

[emearg]

When will Briscoes release some results that are different so I can type something different?!!!! So boring!!!

It is pleasing to see the better performing retailer is being recognised by the market.
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[Okebw]

I don't hold BGR and of course cure kids is something I support, but $400,000 is quite a bit to donate to charity. That's nearly 2c a share.

[Sideshow Bob]

An undisclosed amount came from customers - so not all for from Briscoes.

[macduffy]

An undisclosed amount came from customers - so not all for from Briscoes.

Quite so, Bob. As a regular, towed-along visitor to Briscoes one can't help noticing the donation boxes for Cure Kids on the counters. More power to them!

[Sideshow Bob]

Not having a shot at Briscoes at all, but always wondered a little about corporate motivations with such charity donations.

Briscoes and many other retailers collect money for charity, which is great. However the donation as in last night comes from the retailer, in is case Briscoes. So they get some good publicity from it - they could have donated $1k and customers the other $399k. Who knows, although might be in their annual report. However many I guess would have more self serving motivations.

As I said, not a shot at BGR at all. And a great cause.

I know from the Chch EQ for instance, the company I work for made a sizeable contribution. Some of which was in kind, some of it was money from our customers, and some from the company. I know it all wasn't altruistic.........but I guess it just goes with the territory.

[percy]

When I owned a retail store I had organizations,and no end of charities approaching me for donations.I got sick of it.
Maybe,and just maybe Briscoes can get shot of these people by saying "we only support cure kids".

[Sideshow Bob]

Indeed Percy. I know our company gets hit up by all and sundry, and can understand completely getting sick of it, especially when often no or little benefit to your business.

Yes, the answer could be just to have one charity - especially something as worthwhile as Cure Kids.

[macduffy]

The anticipated boringly excellent result from BGR.

NPAT up 23%, increased dividend. I continue to hold.

[Hawkeye]

http://www.nbr.co.nz/article/briscoe...cord-bd-161864

Glad I snagged some of these pre world cup

[winner69]

and still $60m plus sitting in the bank