BGR - Briscoes Valuation

[Recaster]

Thanks for clarifying that. Didn't mean to suggest anything untoward was occurring; it just seemed odd to me.

It's one of the things we were taught to watch for when analysing US stocks as explained in the well-known 'Financial Shenanigans' book.

Do you mind if I change my analysis to include your explanation?

[Muse]

nice fat briscoes dividend arrived today
enough to offset my entire unrealised loss this year on harmoney lol

[Rawz]

nice fat briscoes dividend arrived today
enough to offset my entire unrealised loss this year on harmoney lol

Lol.. Now go bid up HMY SP with the BGP divvy would ya.

[Muse]

Lol.. Now go bid up HMY SP with the BGP divvy would ya.

no way i'm not a complete masochist - lol

[Rawz]

no way i'm not a complete masochist - lol

[Waltzing]

Blue Chip retail. reinvest with this winner..

stay with the winners..

[mistymountain]

Been a long term holder since 2003.

Keen to get discussion going on how BGR will perform over next 6 months.

Issue:

Inflation and rising Interest rates impacting consumers.

Big Issue is a Market correction however for a company like BGR I see immediate impacts being less discretionary spending...

[Waltzing]

they are working hard on growing sales.


" We're extremely
pleased with all of the new stores opened this year and their success gives
us confidence for further network growth opportunities in relation to the
refurbishment and/or establishment of new stores. In fact, work has now
started on upgrades to our Rebel Sport stores in Te Rapa and Albany which
will incorporate many of the ideas and concepts introduced in the new
generation Silverdale and Morningside stores."

[Muse]

Been a long term holder since 2003.

Keen to get discussion going on how BGR will perform over next 6 months.

Issue:

Inflation and rising Interest rates impacting consumers.

Big Issue is a Market correction however for a company like BGR I see immediate impacts being less discretionary spending...

Since 2003 wait is Mistymountain really Rod Duke?? What an amazing hold & must have been extraordinarily remunerative one

Aye I have my concerns over what will happen to consumer spending over the next few years, and where briscoes fit into it.

Another interesting aspect is Briscoes FY22 is actually ended 31 January 2022 - so its results will have neatly missed the spike in oil prices, ukraine invasion, and much of the recent increase in interest rates. Briscoes are doing some excellent operational work, but they are facing serious headwinds too. I can't help but think their FY22 will set a high watermark in earnings and dividends for many years.

[mistymountain]

Since 2003 wait is Mistymountain really Rod Duke?? What an amazing hold & must have been extraordinarily remunerative one

Aye I have my concerns over what will happen to consumer spending over the next few years, and where briscoes fit into it.

Another interesting aspect is Briscoes FY22 is actually ended 31 January 2022 - so its results will have neatly missed the spike in oil prices, ukraine invasion, and much of the recent increase in interest rates. Briscoes are doing some excellent operational work, but they are facing serious headwinds too. I can't help but think their FY22 will set a high watermark in earnings and dividends for many years.

Thanks Fiordland Moose; but I can clarify Rod uses a chopper to get around but I still can't! Unless I pull my PLB in those Misty Mountains trying to catch Moose.

Thanks for the those wise comments. That financial reporting date a good point.

I'm curious on Briscoes pricing policy. Eg if costs increase 5 - 10% will that be passed on immediately to customers. Wlll have a dig around on this.