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Poundland Fundamentals (PLND)

Credit Suisse Outperform 413.35 413.00 400.00 466.00 Reiterates

Exane BNP Paribas Outperform 384.70 380.00 400.00 450.00 Reiterates

SUNDAY TIMES

Jim McCarthy, chief executive of Poundland, has a big decision to make. Last week the Competition and Markets Authority shocked just about everyone when it announced a deeper investigation into Poundland’s £55million takeover of rival 99p Stores.

Apparently, the deal raised the possibility that by taking out its closest competitor, Pounds might ‘deteriorate its offer’ in up to 80 local areas.

It will be a bit of a slog, but the deal would cement Poundland’s supremacy in a niche that it has done well to carve out in these austere times. Buy.

Week Ahead: Poundland riding the hard discounting wave
By John Harrington
April 12 2015, 6:52am
Poundland now faces a further, more detailed investigation into its proposed takeover of 99p Stores



Retailers are to the fore this week, with results from Poundland especially interesting, in view of the firm's takeover bid for 99p stores.

The Competition and Markets Authority (CMA) said the deal may breach competition rules following an initial probe.

The firm now faces a further, more detailed investigation as the watchdog found its proposed takeover could lead to a "substantial lessening of competition” in 80 areas where the two chains overlap. Poundland may have to close 80 stores.

Trading Statement tomorrow - hmmmm.

FOURTH QUARTER TRADING STATEMENT

Solid fourth quarter trading; full year in line with market expectations

Poundland Group plc ("Poundland" or "the Group"), Europe's leading single price retailer, today announces its fourth quarter trading statement for the 13 week period to 29 March 2015.

Headlines for the 2015 financial year

· Total sales, excluding Spain, increased by 11.8% (2014: 12.7%) on a constant currency basis
· Like-for-like sales increased by 2.4% (2014: 1.9%)
· 60 net new stores opened in the UK & Ireland, as planned
· Spanish trial is proceeding to plan
· Underlying pretax profits expected to be in line with market expectations*

Revenue for the 12 months to 29 March 2015

For the 12 months ending 29 March 2015 total revenue, excluding Spain, increased by 11.8% on a constant currency basis (2014: 12.7%) and by 2.4% on a like-for-like basis (2014: 1.9%). On an actual currency basis, total revenue, excluding Spain, increased by 11.4% (2014: 13.3%) to £1,111.5 million (2014: £997.8 million).

During the fourth quarter, total revenue, excluding Spain, increased by 7.1% on a constant currency basis (2014: 13.9%). On an actual currency basis, total revenue, excluding Spain, increased by 6.5% (2014: 14.4%) to £255.0 million (2014: £239.5 million). This represents a solid performance against a strong trading period in the previous financial year. As we have previously highlighted, due to the timing of store openings, the contribution from new store trading weeks this year has been lower than last year and this continued to be the case in the fourth quarter. As planned, we opened ten fewer stores in the year as a whole than in the previous year and this was also a factor in a lower contribution to sales growth from new stores in the quarter.

more....

Questor-share-tip-Clear-buying-opportunity-in-Poundland-shares.

proactiveinvestors,in-for-a-penny-in-for-a-poundland

I think this has found support! Bought 2000 at 307p.
Any views from other BB's

You could say... maybe will bounce from a double bottom.

But I would not buy a company who sells CRAP from China

You've obviously never been into a Poundland store. Crap yes, from China mostly no.
I just wonder as times get better and the recession recedes that the majority of people will move upmarket.

Yes it is total crap. But the shops are full!

Harry

certainly not interested on the store or the company
anything as cheap as £1 means the materials used are mainly damaging the country and our self.

Using ....."corrosive materials" from the China CRAP is enough to put me off

............. "what you eat is what you are"

the same apply for
...... what you "buy" is what you are

edit -note - it reminds me of people eating sausages with no meat on it.
my take is the Government fault on letting this things taking place.

26 - what a very strange comment indeed, not least because it's almost incomprehensible

this amused me greatly ......
it remains (sic) me of people eating sausages with no meat on it.
my take is the Government fault on letting this (sic) things taking place


why is it the gov'ts fault????
i suppose you'll tell us next that it's the gov'ts fault that most people eat supermarket "squodge" white bread with all its additives and similar to give it long shelf life ...... and loads more examples could be given too

Is cynic a "sic" person?..

What are the laws for?
Why are doctors complaining about, too much sugar on most products, too much fat on peoples body, etc.
Is not the Government fault to do nothing when able to correct this happening?

the same apply to sausages

Here's a man who looks like a sausage !

28 - no ..... guidance perhaps, but it is an unfortunate fact that few are now prepared to take responsibility for their own actions ......
that includes tripping over a paving stone, falling down the stairs at a restaurant when drunk, smoking and even buying shares

so if you want to ignore the obvious and eat a hefty fry-up daily, eat lots of sweets and crisps, drink cola and smoke 20 fags a day, then you shouldn't be surprised that you are morbidly obese and unable to walk up a couple of flights of stairs without having to stop .... and then die early of heart disease or diabetes or similar

=========

of course you can also have the healthiest of lifestyles and still suffer SADS

or eat dully, avoid all caffeine and drink wheat grass ..... you may actually live no longer, but it'll feel as if you've been on this earth for 150 years

JB,

Who would give a pound for him?

These type of stores are still on the up , B & M still expanding , like Sir Pickles waistline . I do agree with you cynic .