Reporting next week Reports next week 16th June trading statement,lets hope theres some good news aswell as a good summer.Give me some Teenage Kicks and a rise in the share price Alright!
Re: div x div payment dates avoid. structural change in market and over reliance on FCA regulation consumer credit
Re: div x div payment dates Many thanks Joinukip,just bought in (watch it tank now) and I will be voting OUT!1st stock I ever bought BWNG back in 1998,doubled my money within 13 months.Returning to the scene of the crime,heres hoping.Chart offers support around here,£2.50ish & £2.20ish.Could see buyers coming in for the div.Should be a turn around story barring no disasters.........
Re: div x div payment dates N Brown Company Financial Information[link] 30 jun 16 / 8.56p
Motley Fool Retail riserClothing giant N Brown Group (LSE:BWNG) saw its share price collapse 14% between last Monday and Friday, the market greeting the firm's latest results with light panic.N Brown slumped after advising that pre-tax profits fell 7.8% in the year to February 2016, to £72.2m, due to difficult trading conditions and huge restructuring costs. And worryingly the company advised that "challenging market conditions" are likely to persist for the fashion sector looking ahead.The City remains convinced that N Brown is a firm 'on the up', however, and expects the retailer to chalk up a 6% for the year to February 2017 alone, resulting in a terrific P/E rating of 11 times. And further bottom-line growth is anticipated beyond the current period.Meanwhile, income hunters will surely be attracted by a dividend yield of 5.4%. I believe N Brown's long-running transformation drive leaves it in great shape for the coming years, particularly as 'e-commerce' activity continues to explode.
div x div payment dates div x div payment dates anyone? cannot find these even on their own web site.Many thanks in advance
NEW ARTICLE: Investors lose patience with N Brown's lengthy transformation "Originally a mail-order retailer, LSE:BWNG:N Brown is undergoing a hefty transformation to turn itself into an online-savvy group. Serving the under-represented plus-size and 50-plus customer, it has a unique offering and, despite industry ..."[link]
Re: looks like the analysts were right for o... It's ok with me (it's not Tesco) . . . .
looks like the analysts were right for once BWNG Bid:270.5p Offer:270.9p Change:-44.7 Looks to me like higher debt less profit so going nowhere fast!!20 April 2016FULL YEAR RESULTS FOR THE 52 WEEKS ENDED 27 FEBRUARY 2016 DOUBLE-DIGIT PROFIT GROWTH IN H2 N Brown Group Plc, the leading multi-channel, specialist fit fashion retailer today announces results for the full year to 27 February 2016. Financial highlights:· Total group revenue +3.5% to £866.2m (FY15: £837.2m)· Product revenue +4.1% and Financial Services revenue +2.1%· Product gross margin -20bps, at the top end of guidance, and Financial Services gross margin +20bps· Underlying operating profit excluding exceptionals -1.3% to £92.6m (FY15: £93.8m)· Underlying profit before tax* -2.0% yoy to £84.5m (FY15: £86.2m), in line with expectations· H2 underlying profit before tax* +11.0% to £49.5m· Statutory profit before tax -7.8% to £72.2m (FY15: £78.3m), reflecting exceptional costs largely incurred in the first half· Adjusted** earnings per share from continuing operations 24.02p (FY15: 24.61p)· Statutory earnings per share from continuing operations 19.45p (FY15: 21.84p)· Proposed final dividend flat year on year at 8.56p, taking full year dividend to 14.23p, also unchanged on last year· Net debt £289.7m (FY15: £246.6m)· As announced in February we have restated our debtor impairment provision following a review of the application of IAS39 *Underlying is defined as excluding exceptionals, unrealised FX movement and the impact of the IAS39 restatement**Adjusted is defined as excluding exceptionals and unrealised FX movement Operational highlights:· Transformation from direct mail-led to digital-first retailer continues Online penetration 65%, +6ppts yoyo Online revenue up 15% yoyo Online penetration of new customers up 7ppts to 72%o 66% of all traffic from mobile devices · Power Brands performing very strongly, with Power Brand revenue up 10.0%, driven by further improvements to our product offering and innovative digital marketing campaigns Power Brands active customers +6.9%o JD Williams Brand product revenue +4.7% to £151.2mo Simply Be product revenue +15.6% to £103.9mo Jacamo product revenue +14.6% to £62.8m· USA revenue +29% (+20% constant currency) and dollar profit made in H2· Financial Services back into growth in H2; FCA application progressing· Fit 4 the Future systems transformation project on track Angela Spindler, Chief Executive, said: "It has been a very busy year for N Brown as we continue to transform the way we operate as a fashion retailer - from being mail-order led, to a business that puts digital first. We are mid-way through this journey and are delighted to see the benefits coming through, importantly delivering 11% profit growth in the second half of the year. "This progress is being driven by a clear focus on our three fashion Power Brands - JD Williams, Simply Be and Jacamo. Revenue from these brands is up 10% year-on-year and almost two-thirds of sales are now online, reflecting our digital focus. We are taking decisive actions to improve the performance of our Traditional segment which remains an important, profitable part of the Group. "We continue to roll-out our systems investment programme, 'Fit 4 the Future', and all areas of the business are focused on ensuring this lands on time and with minimal disruption. So far we are very pleased with our progress and we remain on track and within budget. "Looking forward, whilst we face challenging market conditions for the fashion sector overall, and trading since the year end has been subdued, we remain confident in our ability to make further progress this year. This is based on the strong appeal of our specialist fit proposition, continuous improvement in the customer experience and
Just seen Just seen in this mornings FT that UBS has downgraded BWNG to "hold".Aaah... that's alright then.(as if).
Same as . . . . Same 6% price drop as back in December..........I've had these shares since mid 2012 and I'm sure they weren't as volatile back then.Strange.
Re: Optimism or Anxiety? Nothing like a bit of optimism !!!(hope you are right)
Re: Optimism or Anxiety? Well the boss bought 22,000 shares on 22 Dec , and I very much doubt she would have done that if sales were poor . So after a bad run on BWNG , maybe we could see a bit of a turnaround if indeed their pre Xmas sales were decent .
Optimism or Anxiety? The company website advises that trading performance for the 18 weeks to 2 January 2016, will be announced on 21 January. Sales and margins over the holiday period will be critical for the share price. Maybe some early inkling of a good outcome is implied by the strong upward movement today. Their financial year ends on 28 February. Intriguingly,last year the Company reported their third quarter results on 10 December 2014. No corresponding report for 2015. So we must wait for 21 January to hear recent progress of the "transformation" programme and so on..
Offload Someone sold 150,000 shares worth nearly half a million quid this morning. I wonder if the mild winter and possible poor Christmas trading is responsible.