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Poundland Fundamentals (PLND)

FIRST QUARTER INTERIM MANAGEMENT STATEMENT

Poundland Group plc ("Poundland" or the "Group"), the leading UK single price value discount retailer, today announces an Interim Management Statement for the period to 2 July 2014.

During the first quarter ended 29 June 2014, sales increased by 18.0% (2013: 11.4%) to £262.6 million (2013: £222.6 million), driven by a combination of delivering amazing value every day, the late Easter, our continually improving product offer, stronger like-for-like sales growth and a strong new store opening programme.

In the UK we opened a net 9 new stores during the period (2013:17). In addition, we officially launched our Spanish trial yesterday with the first Dealz store opening in Torremolinos.

Jim McCarthy, Chief Executive of Poundland, said:

"Trading in the first three months of the new fiscal year has been strong with total sales up 18.0% as our retail proposition continues to gain traction through offering amazing value to savvy consumers. After a pleasing start to 2014/15 we are confident of further progress through the year whilst recognising our critical third quarter lies ahead of us."

Looking good this stock.

Yes its definitely on my watch list!

LONDON, July 3 (Reuters) - Sales growth at Poundland PLND.L , the British single price retailer that listed on the London Stock Exchange in March, accelerated in its first quarter, helped by new store openings, a later Easter and shoppers' growing love of discounters. The company, one of a raft of retailers to float this year and capitalise on Britain's gradually improving economy, said on Thursday sales in its first quarter to June 29 increased 18 percent to 262.6 million pounds ($446.8 million). That compares to growth of 13.3 percent to 997.8 million pounds in the firm's year to March 30, which was in line with the company's previous guidance. "We are confident of further progress through the year whilst recognising our critical (Christmas) third quarter lies ahead of us," Chief Executive Jim McCarthy said. The retailer's shares, which debuted at 300 pence on March 12 and peaked at 402 pence on the same day, were up 14.5 pence at 344 pence at 0848 GMT, valuing the business at about 860 million pounds. Discounters are growing in popularity in Britain even though the economy is improving, as habits formed in the downturn stick. Discount grocers Aldi ALDIEI.UL and Lidl LIDUK.UL grew sales by 35 percent and 22 percent over the last three months, according to industry data published on Tuesday. ID:nL6N0PC2PW "Behavioural changes of shoppers are benefiting the value sector," McCarthy told reporters. "Value is now absolutely a badge of honour for customers across the spectrum," he said, noting that 22 percent of Poundland's customers are now from the more affluent "AB" demographic. Poundland, which sells all its products at the single price of 1 pound, opened a net nine new stores in the first quarter period, taking the total to 537 stores, while sales at stores open over a year were "north of" the 1.9 percent growth achieved in the 2013-14 year, the CEO said. Poundland made an underlying post-tax profit of 27.3 million pounds in the year to March 30 - in line with analysts' forecasts. Underlying pretax profit rose 23.5 percent to 36.8 million pounds, while adjusted earnings per share increased 25.1 percent to 10.9 pence. Poundland plans to open a net 60 stores in the 2014-15 year, investing 20 million pounds and creating about 1,000 jobs. Having opened in Ireland in 2011 the group kicked-off the second leg of its international expansion under the Dealz name with the opening on Wednesday of its first Spanish store in Torremolinos. The firm plans to open an initial 10 stores in Spain over two years and is also analysing other possible territories. Shore Capital analyst Darren Shirley raised his pretax profit forecast for 2014-15 by 3 percent to 44 million pounds and expects the firm to pay a maiden full year dividend of 3.8 pence.

JP Morgan Cazenove Overweight 337.00 328.70 377.00 377.00 Reiterates

Poundland founder's online venture suffers blow as partner quits

Notice of third quarter trading statement
14 January 2015

Poundland, Europe's leading single price retailer, will announce its third quarter sales update for the 13 week trading period to 28 December 2014 on Wednesday 21 January 2015.

StockMarketWire.com
Poundland Group said it has managed costs and cash well, and is in line with its financial expectations for the year as a whole.

"We are on track to open 60 net new stores in the UK and Ireland and we have a very strong pipeline for our 2016 financial year," said CEO Jim McCarthy in a statement for the 13 weeks to Dec. 28, 2014.

REVENUE
During the third quarter, total revenue, excluding Spain, in the 13 weeks to 28th December increased by 10.2% on a constant currency basis. On an actual currency basis, total revenue, excluding Spain, was £328.4 million (2013: £299.1 million), which represented total growth of 9.8%.

There was a good contribution to growth from both like-for-like store sales and continuing good performance from new stores during the third quarter. As expected though, due to the timing of openings, the contribution from new store trading weeks was lower than the corresponding period last year, a continuation of the trend seen in the first half.

STRATEGY PROGRESS
"We opened a net 17 stores in the UK and in Ireland during the period, taking the total to a net 45 during this financial year to date. The Group ended the third quarter with 534 stores in the UK and 39 stores in Ireland (2013: 486 and 31 respectively) and have a strong pipeline of stores for our next financial year," the company said.

"We have continued to develop our trial in Spain and are pleased with the initial progress we have made. We opened four stores during the period, taking the total to five at the end of the quarter. As previously announced, we will update the market further on the trial's progress at the time of the preliminary results."

FINANCIAL POSITIONS
"The Group generated strong cash flow during the period and ended the quarter with net cash of £33.9 million (2013: £10.9 million)."

Proposed acquisition of 99p Stores Ltd

Proposed acquisition of 99p Stores Ltd for an enterprise value of £55 million

Poundland Group plc ("Poundland" or "the Group"), Europe's leading single price general merchandise retailer and 99p Stores Ltd ("99p Stores"), a UK value general merchandise retailer, are pleased to announce that they have signed a conditional sale and purchase agreement for Poundland to acquire 99p Stores for an enterprise value of £55 million, comprising a cash consideration of £47.5 million and the issue of new Poundland Shares with a value of £7.5m at closing ("the Acquisition").

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