Brown (N.) Group (BWNG)

Sector:

Retailers

Index:

FTSE AIM All-Share

39.30p
   
  • Change Today:
      0.20p
  • 52 Week High: 39.40p
  • 52 Week Low: 13.98p
  • Currency: UK Pounds
  • Shares Issued: 467.63m
  • Volume: 1,319,539
  • Market Cap: £183.78m
  • RiskGrade: 350

N Brown's plus-size catwalk event impresses fashion press, City analysts

By Oliver Haill

Date: Friday 15 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Retailer N Brown received rave reviews for a West End catwalk event featuring several high-profile plus-size models to launch its new fashion ranges and a new US web platform, with analysts at N+1Singer reiterating a 'buy' recommendation on the shares.
The FTSE 250 company launched the new range from its Simply Be brand in a "size inclusive fashion show" called Curve Catwalk after conducting a study that found that 89% of its customers did not feel that their size was represented in mainstream advertising, on runways, on TV and in the fashion press.

Modelling the new ranges were size-22 fashion blogger Callie Thorpe, diversity campaigner Kellie Knox, and plus-size models from size-10 up to size-26 including Hayley Hasselhoff, Tess Holliday, Sonny Turner, Felicity Hayward and Ali Tate.

"The event was extremely well attended by the fashion press, bloggers and vloggers in what can only be described as a global first in this sector," said Matthew McEachran, adding City analysts to that list of attendees.

In his positive review, coming alongside glowing coverage from fashionistas on social media and in mainstream press such as Daily Mail, the analyst added that the event coincided with N Brown launching its new web platform in the US and ahead of other international growth initiatives where he believes there is much untapped demand.

"Simply Be is one of N Brown's online Power Brands and, in our view, accounts for some of the ongoing valuation anomaly in the group despite a good rally over 12 months."

Having generated £80.6m of profit before tax from sales of £887.7m in the year to last February as management move the sales focus online, Singer forecasts N Brown's profits will dip in the current year due to the slump in the pound but then begin to surge back to £88.0m and £95m in the next two years.

N Brown, whose three 'power brands' also include Jacomo for men and JD Williams for more mature ladies, is expected to report a 15% fall in PBT when interim results are published in four weeks' time, reflecting what is expected to be the lowest point in terms of the drag of currency effects on profit margins before management's mitigation tactics catch up.

"This alongside the share price having met our [350p] target price means we don't expect any immediate additional outperformance, but thereafter we envisage margins recovering and the growth story attracting further rerating," McEachran said.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BWNG Market Data

Currency UK Pounds
Share Price 39.30p
Change Today 0.20p
% Change 0.51 %
52 Week High 39.40p
52 Week Low 13.98p
Volume 1,319,539
Shares Issued 467.63m
Market Cap £183.78m
RiskGrade 350

BWNG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.20% above the market average73.20% above the market average73.20% above the market average73.20% above the market average73.20% above the market average
80.95% above the sector average80.95% above the sector average80.95% above the sector average80.95% above the sector average80.95% above the sector average
Price Trend
97.96% above the market average97.96% above the market average97.96% above the market average97.96% above the market average97.96% above the market average
95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average
Income Not Available
Growth
84.87% below the market average84.87% below the market average84.87% below the market average84.87% below the market average84.87% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

BWNG Dividends

  Latest Previous
  Interim Final
Ex-Div 02-Jan-20 04-Jul-19
Paid 05-Feb-20 02-Aug-19
Amount 2.83p 4.27p

Trades for 31-Oct-2024

Time Volume / Share Price
15:07 519,567 @ 39.14p
16:36 1,330 @ 39.30p
16:36 1,330 @ 39.20p
16:35 413 @ 39.30p
16:35 295 @ 39.30p

BWNG Key Personnel

CFO Dominic Appleton

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