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02-05-2017, 03:06 PM
#181
Originally Posted by hardt
BGR is being squeezed by sentiment, not necessarily due to fundamentals of their particular business, Retail as a whole has little to be desired in terms of a moat anymore... NZ is lucky because of the very few stores available to consumers.
household debt has risen to about 170% of nominal disposable income in NZ as well.
Definitely looking to get in once it has bottomed out [ where that will be, no one knows ]
Agreed but the bottom is a long way off.
All retails stocks have been hit hard, both in NZ and AU. Just take a read of yesterdays announcement from ASX:RCG, sums it up pretty well. Along with the Warehouse it's all doom and gloom for retail in 2017.
The board believes that RCG has been caught up in the widespread sell down of retail stocks over the last few months due to a number of factors, including declining consumer confidence, subdued wage growth, concerns surrounding the housing market, increasing interest rates and the perceived impact that the market entry of Amazon may have on the Australian retail landscape.
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02-05-2017, 03:44 PM
#182
Yes, the market has a bad case of Amazonitis at present where retail stocks are concerned. The good and the bad are both affected but those with good management such as BGR are worth watching for a SP recovery.
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19-05-2017, 04:30 PM
#183
To list on ASX ...pretty soon as well
Must have an acquisition of an aussie retailer in mind I reckon
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-05-2017, 05:24 PM
#184
The only stocks up for acquisition are the beaten up ones like Adairs, which come to think of it could fit with the Briscoes stores quite well...
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20-05-2017, 10:27 AM
#185
Briscoes is a amazing success story under the leadership of Rod Duke.
Does anyone know what Rod has in mind for his succession plan both for the company leadership and also for his controlling shareholding?
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23-05-2017, 12:40 PM
#186
Rod's speech at ASM worth reading
https://www.nzx.com/files/attachments/258625.pdf
Nice touch having their top performing Business Manager address shareholders - wonder what she said.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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09-09-2017, 04:54 PM
#187
Another excellent result and not a word from any of you? You peeps hoping for a different result? Declining revenue? Lower profits? Yeah right.
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09-09-2017, 05:35 PM
#188
Originally Posted by emearg
Another excellent result and not a word from any of you? You peeps hoping for a different result? Declining revenue? Lower profits? Yeah right.
I note their on line sales are now 7% of revenue,and growing strongly.
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09-09-2017, 05:56 PM
#189
Originally Posted by percy
I note their on line sales are now 7% of revenue,and growing strongly.
Implies online sales up 40% to 45% on same period last year
That implies bricks and mortar on up about 2,5%
Go hand in hand don't they
Cool eh
”When investors are euphoric, they are incapable of recognising euphoria itself “
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09-09-2017, 06:09 PM
#190
Originally Posted by winner69
Implies online sales up 40% to 45% on same period last year
That implies bricks and mortar on up about 2,5%
Go hand in hand don't they
Cool eh
May be a real hot idea to look at who does their ecommerce platform ???
Last edited by percy; 10-09-2017 at 07:37 AM.
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