BGR - Briscoes Valuation

[Waltzing]

"Another incredible result"

when the venerable MR P states this . Its almost a hit it out of the park? Or a 6 into the stands?

high water mark or not its under priced even with inflation still surging and a weaker NZ dollar.

But who says agri prices are going to weaken and the dollar weaken. NZ is not a basket case yet.

Although a complete restructure is needed along with an infrastructure bank and laws to protect local and regional assets.

This is not WHS.

Almost worth printing it out and blue tacking it to the white board... result of the month.

[Waltzing]

seeing a shallow bowl shape chart over 5 years here winner(*n).

underlying support moving up left to right on the long base line 2017.

A dip down and then a shallow upward trend line ending in support at mid to upper 5's.

[winner69]

seeing a shallow bowl shape chart over 5 years here winner(*n).

underlying support moving up left to right on the long base line 2017.

A dip down and then a shallow upward trend line ending in support at mid to upper 5's.

Bowls on sale next weekend I’m told

[Waltzing]

looking for some cups and sources....

[Snoopy]

seeing a shallow bowl shape chart over 5 years here winner(*n).

underlying support moving up left to right on the long base line 2017.

A dip down and then a shallow upward trend line ending in support at mid to upper 5's.

Bowls on sale next weekend I’m told

Big unfulfilled demand out there to get around the 'barber ban' for the unvaccinated. Mothers can't do a decent haircut on their kids without possessing the right sized bowl ;-P

SNOOPY

[Waltzing]

imagine they will have VR experiences at their stores soon..

try this set of cups and sources out on your dinning table..

[Recaster]

My take on this company with regard to the interim statements to 1 August, 2021:

https://recastinvestor.substack.com/...s-group-bgpnzx

[Recaster]

My take on the latest very good result for Briscoes for the period ending 30 January, 2022. They had a good year with higher profits, improving shareholders' funds and the KMD Brands write-down in now in the rear view mirror:

https://recastinvestor.substack.com/...s-group-bgpnzx

Please leave likes, comments or suggestions if you wish. Always appreciated. Thanks.

[Waltzing]

if they can get the DIV up to 30 then SP will hit well into the 6's.

[Snow Leopard]

My take on the latest very good result for Briscoes for the period ending 30 January, 2022. They had a good year with higher profits, improving shareholders' funds and the KMD Brands write-down in now in the rear view mirror:

https://recastinvestor.substack.com/...s-group-bgpnzx

Please leave likes, comments or suggestions if you wish. Always appreciated. Thanks.

With regard to your speculation about the 52 / 53 week thing:

Retail companies historically did the books every Sunday and this carried over into the annual accounts being for a complete number of weeks usually 52, but every few years there is a leap week to keep the balance date around about the same time every year.

Both BGP & WHS still do it this old fashioned way.

There is nothing sinister going on.