BGR - Briscoes Valuation

[dragonz]

Amazon will be of little threat unless they decide to start warehousing items here and then they face all the costs and regulations the local retailers do.

[minimoke]

BRG now under the spotlight like Smith City group for not paying workers for non-sales work like the rark 'em up motivation meetings and store close ups

[Jay]

I would have thought that outfits such as Briscoes etc would have the hours of work starting before the shop opens and after it closed such as 8:45 to 5:15 for a 9-5 opening time for example.
In any "retail" outlet you cannot just down tools so to speak and leave at 5pm. need to cash up each day and get it out in the morning as a minimum, doesn't happen instantly.

[Patient Panda]

This is my first post on this forum. I have been reading here religiously for at least 3 years and have tried to make an account several times but was always unable without access to an ISP email address. This is one reason I would suggest for the high viewership to poster number ratio.

Disc: 25% of my listed portfolio is comprised of BGP.

On to Briscoes.

i have noticed on this forum often times the true golden companies are unsung heroes.


I’m a huge fan of Briscoes and of Duke. Hes a value hound at heart, he didn’t chase KMD for a stupid price and they focus on doing the basics well instead of flashy inconsistent approaches I see all over the place.

Briscoes is without a doubt some of the best value you can find currently on the NZX.

Sitting currently on a P/ E ratio of 12.92

it has an average 5 year return on equity of 28%! (According to reuters data). This is enough to be making Buffet and Munger salivate. The large increases in EPS are not being diluted to laughable levels

The return on equity figure looks even more impressive considering they have low debt and are conservatively managed.

They pay a fantastic increasing dividend.

to the best of my knowledge over the past 10years its turned a profit 9 of those years. An enviable track record, even moreso in the retail industry and directly post GFC.


looking forward to discusing BGP with you all in more detail and depth.

[whome]

[QUOTE=Patient Panda;718582]This is my first post on this forum. I have been reading here religiously for at least 3 years and have tried to make an account several times but was always unable without access to an ISP email address. This is one reason I would suggest for the high viewership to poster number ratio.

Message to moderator. I Agree with PP. I know a number of share savvy people who would like to take part in this forum but simply gave up trying to get onto it. Frustrating.

[Baa_Baa]

This is my first post on this forum. I have been reading here religiously for at least 3 years and have tried to make an account several times but was always unable without access to an ISP email address. This is one reason I would suggest for the high viewership to poster number ratio.

Message to moderator. I Agree with PP. I know a number of share savvy people who would like to take part in this forum but simply gave up trying to get onto it. Frustrating.

My understanding is that around the time Vodafone culled all it's email addresses, Sharetrader removed the ISP-only email address registration and opened up to @gmail @hotmail etc. For example, I changed my registered email from an @vodabaloney to an @gmail address.

I'll cross post this to the Sharetrader Back Office thread for STMOD to comment, the BGR folks might not appreciate an off topic discussion here.

Link here: https://www.sharetrader.co.nz/showth...615#post718615

[ratkin]

Message to moderator. I Agree with PP. I know a number of share savvy people who would like to take part in this forum but simply gave up trying to get onto it. Frustrating.

On the positive side this may have also helped the forum to maintain it's family feel. Many of us have been posting for around Fifteen years now and many of the names remain the same. Not many forums you can say that for

[percy]

On the positive side this may have also helped the forum to maintain it's family feel. Many of us have been posting for around Fifteen years now and many of the names remain the same. Not many forums you can say that for

We have lost Belgarion,Karen1,KW,Lizard,Phaedrus,Mark100,Noodle s, Steve Fleming,Sparky the Clown,and Wolf,while Paper Tiger is missing in action..
Unfortunately new posters have not matched their sharemarket intellect,so good new blood is needed.

[RupertBear]

We have lost Belgarion,Karen1,KW,Lizard,Phaedrus,Mark100,Noodle s, Steve Fleming,Sparky the Clown,and Wolf,while Paper Tiger is missing in action..
Unfortunately new posters have not matched their sharemarket intellect,so good new blood is needed.

I miss Paper Tigers posts, I wonder where he is?

[kiora]

We have lost Belgarion,Karen1,KW,Lizard,Phaedrus,Mark100,Noodle s, Steve Fleming,Sparky the Clown,and Wolf,while Paper Tiger is missing in action..
Unfortunately new posters have not matched their sharemarket intellect,so good new blood is needed.

Add Hoop,Duncan McGregor vs Shrewd Crude when they were on the good oil.
PT morphed to SL(missed his posts too)welcome back SL