Updates

B&M European Retail

January 2016

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.

Interim results from B&M, the general value discount retailer, were slightly ahead of expectations with revenues and pretax profit increasing 26% and 25% respectively to £930m and £66.4m. UK like-for-like revenues rose 1.2%, a deceleration from the +6% in FY ’14 reflecting the tougher market backdrop. Although the worst areas suffering deflation have been fresh and frozen food items (which it doesn’t sell), branded ambient and household goods also saw some deflation. Its non-food seasonal lines were also hurt by the unseasonal weather compared with a stronger 2014.But the big kicker to growth was the 47 new store openings, taking the total to 472 with the long-term carrot for investors being its target t ...

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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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