Market's view on B&M
Published on April 2024
- Stock watchers discuss the unpredictable nature of share price movements and the potential benefits of bot trading due to these unpredictabilities.
- Observations are made on BME’s share performance, noting a consistent pattern of rising and falling by 50p, suggesting a strategy of pattern following rather than share understanding.
- A bearish trend is identified in BME’s stock graph, with a prediction of a down channel forming and potential failure to bounce back at the 500p mark.
- Reports of reduced working hours in retail stores, which could indicate either poor sales or strategic cost-cutting measures.
- Concerns about BME’s acquisition of Wilko stores, focusing on the location types (town centre vs retail park) that might impact the company’s expansion plans.
- A stock watcher points out BME’s high debt-to-equity ratio as a potential risk factor.
- Discussion about the daily fluctuations in BME’s share price, with a sentiment that it should be higher but caution about investing during a downturn.
- Frustration expressed over delays and tax deductions affecting dividend payments for a Luxembourg-based company.
- Speculations on the impact of a corporate chairman’s retirement on the company’s share price.
- Positive outlook on BME for its expansion in the UK and internationally despite current market conditions.