BGR - Briscoes Valuation

[Ltw]

Only thing that worries me a little is:
Talking to a number of retailers across a few industry's is the challenge they are having getting stock especially if its coming from over seas.
Waiting times are getting crazy and I hope the BGR team have this well covered.

Can't sell it if you don't have it and there was lots of this after Christmas

[Sideshow Bob]

No further news (or speculation) on potential acquisition??

[nztx]

Only thing that worries me a little is:
Talking to a number of retailers across a few industry's is the challenge they are having getting stock especially if its coming from over seas.
Waiting times are getting crazy and I hope the BGR team have this well covered.

Can't sell it if you don't have it and there was lots of this after Christmas

A similar risk exists across many other industries & Co's I think Ltw..

[Ltw]

A similar risk exists across many other industries & Co's I think Ltw..

Totally agree mate.
Everyone I'm talking to is struggling with freight and getting stock

[CraftyBeer]

Trusting BGP’s Rebel stores picked up some of the sporting goods spend up at Christmas:

“Data captured by Paymark, which tracked retail card spending, showed a 6 per cent rise in Christmas spending, Shaw said, with big jumps in spending on liquor, sporting and camping goods.”
https://www.stuff.co.nz/business/124...christmas-ever

[winner69]

The last update from Briscoes was really amazing

Covers the full year of covid impacts but -

Briscoes sales up 7.5% on previous year

And trading profit up 33% on previous year - and without any corporate welfare

Must be one of the best performing listed retailers on the NZX

well done Rod

[Sideshow Bob]

The last update from Briscoes was really amazing

Covers the full year of covid impacts but -

Briscoes sales up 7.5% on previous year

And trading profit up 33% on previous year - and without any corporate welfare

Must be one of the best performing listed retailers on the NZX

well done Rod

I wonder if they will have a sale to celebrate?

[bull....]

record close , one of the few places good at the moment ... retailer stocks in a down drafting nzx market

[JohnnyTheHorse]

Results announcement tomorrow. One would expect we will hear of the two acquisitions that Rod mentioned in the Herald article.

[nztx]

FY Results:

https://www.nzx.com/announcements/369213

Net profit $73,199 +17.0%

Final Dividend

Amount per share: $0.13500000
Imputed amount per share: $0.05250000

Record date: 24 March 2021
Payment date: 31 March 2021