Primary Recommendation

B&M European Value Retail - Value retailer eyes another 300+ stores in UK

March 2017

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.

When discount retailer B&M was introduced to the Full List at 270p in June 2014 there was considerable fanfare surrounding the shares, given the correct assumption that it would benefit from the post credit crunch squeeze in household incomes. But despite making considerable operational progress, including expanding its estate from 373 stores to 533 stores in just 2.5 years, the shares have zig-zagged higher and lower and are now just 12% ahead of the float price.A company spokesman puts this down to a perception problem; investors associate B&M with Poundland, which had only floated three months before but badly stumbled after its acquisition of smaller rival 99p Stores and was put out of its misery last July via a takeov ...

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