BGR - Briscoes Valuation

[Muse]

Rod says NPAT to be between last years 73m and 85m

About this time last year BGR share price hung around the 570 mark ....NPAT 73m remember

Methinks the market is assuming that that this year will be about the 73m .... and nowhere near the touted $85m

As such the share price heading to 570 (maybe 580) - a price that reflects actual performance

Even then at 570 the of about 17 - and so could go lower .....maybe the market love affair with Rod is coming to an end

Only a few weeks before we get a pre release. time will tell on the NPAT figure. Briscoes has been squeezing margins well, the company had excellent stock coverage. My bet briscoes will be closer to 85 than to 73.

But I think that figure is largely irrelevant - how can it not be a high watermark for several years with cost inflation and interest rate rises eating away at demand. Omni blues too when it spreads, but wonder if that impact will be as bad as the lockdowns over the year just been.

So we all will be in search of a new set of near term or maintainable NPATs to value off of. FY22 npat will be critical for one last juicy dividend.

All retail is in for headwinds and not 30 cents worth.

[winner69]

Jeez …Briscoes share price got smashed the last couple of days

Closed 600 …that’s 17% down from recent highs

500 is 50% Fibonacci retracement level (covid lows to high) …..is 500 possible ….maybe that’s the Easter special

[Beagle]

Rod says NPAT to be between last years 73m and 85m

About this time last year BGR share price hung around the 570 mark ....NPAT 73m remember

Methinks the market is assuming that that this year will be about the 73m .... and nowhere near the touted $85m

As such the share price heading to 570 (maybe 580) - a price that reflects actual performance

Even then at 570 the of about 17 - and so could go lower .....maybe the market love affair with Rod is coming to an end

PE of 17 on the back of a very strong first half seems expensive to me. Its not like anyone is realistically expecting that strong first half to repeat next year is it !

Maybe you get your Easter special ?

[Waltzing]

Another lift Div surely.

[winner69]

Sellers seem reluctant to sell sub-600 but finding the buyers aren't playing the game way

Low 590s now ...low volumev...but indicative

[Waltzing]

winner its always low Vol to No Vol on this stock..

all NZ retail has been sold off.

La Mer of gloom and doom..

sky's falling ...

no doubt a lot of small business may not make it through if its months of no one going out. But the listed retailers are suppliers of stay at home goodies..

You moved the market Winner!!! was hoping for a complete collapse ... maybe the SHAZ are buying the DIPS!

[winner69]

Share price ended up …close 611 as bargain hunters came out?

Panic over

Might be back to 7 bucks soon

[Waltzing]

"Might be back to 7 bucks soon"

Ok!

[nztx]

"Might be back to 7 bucks soon"

Ok!

No .. I haven't decided to start buying again

[winner69]

No .. I haven't decided to start buying again

What price will get in