BGR - Briscoes Valuation

[mistymountain]

Since my last post caught up with one of my online thinkers.

Worth checking in once in a while with the Ninja!!

Anyway... He was thinking like I have been above... so relevant to BGR...

Vid here. Pour a cuppa n watch

https://www.youtube.com/watch?v=77SIrWwUKuw

Well .... a month later DJIA / NASDAQ hit due to Walmart / Target profit downturn.

The Ninja does a great update here: https://www.youtube.com/watch?v=N1g0x8UrcXY

Will our kiwi firms see similar issues soon??

Gotta love the Ninja and Global macro finance. Cheers

DISC: sold BGP fortnight ago after holding from 2002. Reinvested in PGG Wrightson as a Hedge due to Global grain / food risks.

Will buy back into BGP once macro conditions become less Risky

[Mr Slothbear]

Watched the AGM yesterday, couple of uncouth question askers thought they all should’ve shown more gratitude, was reminded once again what a true gent Rod is.

overall great presentation by management and board, very happy holder

[winner69]

As first half comes to end wonder how Briscoes have gone .... probably tell us in next week or so

Hope they are ahead of pcp and Rod says it looks like full year profit will be way ahead of last year

Something has to stop the steady downtrend in the share price from $7.24 last September - wow 25% down in spite of Rod's enthusiastic presentation at the ASM

[winner69]

Down trend - recently every time it looked like it the share price might make a higher high it breaks down

Needs a decent boost from Rod .... 2nd quarter sales announcement might be it

[Waltzing]

its a shocker at the moment for sure cant see even that doing much but holding it up a bit.

[mike2020]

It's a great company but the return seems to be a historic low. I wouldn't buy it as a div stock under 8.5% at the moment.

[Sideshow Bob]

2nd Quarter Sales to 31 July 2022 - NZX, New Zealand’s Exchange

The directors of Briscoe Group Limited (NZX/ASX code: BGP) announce unaudited sales for the thirteen-week second trading quarter ended 31 July 2022 (91 days) were $191.7 million, being 3.49% higher than the $185.3 million achieved for the same quarter of last year. The Group’s homeware segment for the second quarter increased by 3.29% to $121.9 million, while sporting goods sales increased by 3.84% to $69.8 million.

[bull....]

good result , worth noting they see a slowdown coming

[winner69]

Yep, sales still growing and remaining ahead of pre-covid levels.

The boost after 2020 lockdowns took sales to a new level and they have stayed above trend since

Margins down a bit so H1 NPAT to be down about $2m on pcp but they'll regain this plus more in H2

This chart tells a good story ...at least I think so

[winner69]

Wonder if market will like the 4% sales increase ..... or focus on margins being under stress and NPAT being down ... or take fright with Rod talking ' deterioration in market conditions'

Could be interesting