BGR - Briscoes Valuation

[Filthy]

Up another X percent today. As someone who missed the latest rally what would you suggest I do .... buy in now when the stock is looking heady and had a good run, or find another retail stock to invest in.

I guess this depends on your timeline... if your looking at investing long-term i.e. 10, 15, 20 years, then an entry at 5.30 vs 4.50 isn't going to matter much. if you are looking for a trade or something shorter term, then there might be better options to investigate elsewhere..... (it feels very toppy now). but only you can really answer that question.... so I hope it was rhetorical!

[bull....]

yep just got to do what your comfortable with and decide if your a trader or a investor

[nztx]

The 2 year SP graph & current Div Yield are interesting

especially when one bought pre Covid & climbed out of large unrealised notional loss
from the previous toppy 4 buck level buys and averaged out further coming into the climb out
from May to date.. something I almost didn't do, preferring to focus on straightening out
HLG & HGH positions first .. but no regrets with that


Stuck with what looked at the time to be expensive holdings - if the SP falls there is always option
to buy further @ lower SP levels averaging down


Out of this isolate how much of recent extra rise is out of the following factors -

- excess Ca$h in the system looking for a more rewarding home
- more able Retail investors easily able to buy on newer platforms on NZX
- the Special One-off div coming up & hype around it
- Seasonal - better trading months currently
- More potential investors out there at the current time of the year
- reduced pool of good companies paying dividends

IMO BGR is around where I would expect it to be given the above factors ..

A year back 3.80 - 4.00 at this time before updated factors seemed a fair level
but then that's all changed since..

the trend is your friend -- if one thinks better things to follow into 2021, then
establish point to dive into the pool.. if thought too toppy - stand back & watch

Will there be even more surplus cash into 2021 looking for a better / more rewarding home ?

where does one expect BGR's trading is likely to go further into 2021 ?

consider the prospects of BGR's minority KMD position & where that may lead as well ..

[bull....]

duke interview

Briscoes boss Rod Duke: Why he likes making millions more than spending it

https://www.nzherald.co.nz/business/...PJSRIWT36T75Q/

i dont have a sub to the herald , if theres any good bits let us all know please

[kiora]

You might be able to find it here Bull
https://www.pressreader.com/category/business/en/nz

[CraftyBeer]

You might be able to find it here Bull
https://www.pressreader.com/category/business/en/nz

Thanks kiora. Key outtakes from my reading:
- 2021 should be a good year (Covid dependent)
- Eyeing up two NZ retail acquisitions (wonder which ones?)
- March dividend 'safe'
- Less 'sale sale sale' marketing and more promoting 'big brand names' to draw customers in
- Aware Rebel Sport 'ripe for competition' but they have a 'strategy ready to go' should a competitor step in

[bull....]

You might be able to find it here Bull
https://www.pressreader.com/category/business/en/nz

thx kiora , good read exciting to hear about the upcoming retail company aquisitions duke has planned

[kiora]

Thanks kiora. Key outtakes from my reading:
- 2021 should be a good year (Covid dependent)
- Eyeing up two NZ retail acquisitions (wonder which ones?)
- March dividend 'safe'
- Less 'sale sale sale' marketing and more promoting 'big brand names' to draw customers in
- Aware Rebel Sport 'ripe for competition' but they have a 'strategy ready to go' should a competitor step in

Do they have a shareholding in (corrected) KMD still?
What about MHJ?

[Greekwatchdog]

They still have there holding in KMD thou diluted a little after C.R

[emearg]

Do they have a shareholding in WHS still?
What about MHJ?

I wasn't aware they ever had? And I've been a holder for almost twenty years. But I may have just missed it/forgotten