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Secondary Recommendation

B&M European Retail - Fast-growing discount retailer comes to market

August 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BME
  • Price:
  • 264p
Following the successful float of Poundland, 332p, fellow discount retailer B&M European Retail has also been introduced to the Full List in a placing at 270p, which raised £50m net to the company. Market cap at the placing price is £2.7bn. Like Poundland, B&M boasts a formidable recent record with turnover rising from £764m to £1,272m and EBITDA almost doubling from £62.8m to £112.7m in the two years ended 29 March 2014. Most importantly, B&M wants to kick on and has big plans to more than double the size of its estate from 373 to 850 stores in the UK. The strong growth in demand for discount retailing as well as an experienced Board, led by former Tesco supremo, Sir Terry Leahy, gives us confidence that B&M will h ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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