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Poundland Fundamentals (PLND)

Trying a cheeky short on the spreads, back inside B/B target 180p tight stop.

Broker Forecast - HSBC issues a broker note on Poundland Group

BFN

HSBC today reaffirms its hold investment rating on Poundland Group (LON:PLND) and raised its price target to 195p (from 160p).

Story provided by StockMarketWire.com

ATEST BROKER VIEWS

Date Broker New target Recomm.
16 Jun Liberum Capital 160.00 Hold
16 Jun Beaufort... N/A Hold
16 Jun HSBC 195.00 Hold
16 Jun Peel Hunt 300.00 Buy
16 Jun Jefferies... 195.00 Hold
15 Jun Peel Hunt 300.00 Buy
15 Jun Liberum Capital 160.00 Hold
13 Jun Jefferies... 135.00 Underperform
13 Jun Peel Hunt 300.00 Buy
8 Jun Canaccord... 220.00 Buy
Broker Recommendations for Poundland Group

Chris

What % stop loss , 5% ?

222p alders.

Chris

It was the same man who pulled out of the Home retail bid , chance he do it again

No idea, it's just a punt alders.

Out for a tiny loss, like watching paint dry. Results were awful, never understood the concept. If Steinhof don't make a bid their credibility less than zero. Read they have until 13th July to make a bid or not, a lot can happen between now and then.

Poundland's woes started with the competition commission wanting something to do.

Then PLND made things worse by lack-lustre integration of another business nearly their own size.
Add-in the gradual slow-down in foot-fall ( Esp. when wet!) and you can see that PLND profits are likely to be hit.

Was that sp realistic at £3...? possibly not - that's was when I bought and it's halved. But still the shop is "good value" for customers and whereas Woolworths expected a per-visit spend about £3, PLND is probably £10 . . . allow for inflation that's still double . . . .

Poundland does sell tech-items "over £1" - but they are keeping that very quiet, to avoid a big-rush..... look at their Website.
EDIT (13July2016)- Seems now Dirs think 222p is a fair-price to bail-out. Huh! So why did we need expensive new CEO to manage the phones?