BRG - Breville Group

[System]

Breville Group Limited (BRG) is a leading provider of electrical consumer products.

http://www.brevillegroup.com.au

 

[Out Too Soon]

This keeps coming up in my scans, not really exciting enough to BUY at present but it does get BUY recs occasionally from some of the "pay sites".

 

[Country Lad]

.......... not really exciting enough to BUY

Leave my boring little stocks alone or they may be insulted and start dropping. There have been a few of these around for a while, just steadily increasing, maybe resting for a while & up they go again. A couple of the others I have are KSC and MXI (I mentioned this in its own thread and btw looks like it could break out again).

Cheers
Country Lad

 

[RottenValue]

Have been patiently waiting for this one to drop into my buy zone since August - I fear I need another insignificant European country to default or have a revolution for that occur.

 

[Country Lad]

Have been patiently waiting for this one to drop into my buy zone since August

Setting a lower buy price for a rising stock seems to me to be an odd thing to do. Had you bought it in Aug you would be up about 27% + another 2.3% in dividend.

That's a bit like the 60 year old guy sitting in the corner of the real estate office who has been there for 30 years waiting for the real estate market to fall.

If it is worth buying then it is worth buying, not waiting for some hypothetical bargain which will never arrive. The other issue with waiting for it to drop to your buy price means you are buying a falling stock.

Cheers
Country Lad

 

[RottenValue]

Each to their own - many different ways to make money in the stock market.

I buy good companies when I think they are underpriced - and that means that I miss a few that I know are good but just keep getting more overpriced. However, more than happy only to buy when the odds of a good return are in my favour, a 2012 portfolio return of 25.1% is a enough reward for my patience.

 

[ROE]

this is the one that got away from me....
I am a coffee drinker, I got their top of the line expresso machine the BES900
I was so impress with the machine and start researching the stock.

while I take my time researching, the stock run pretty hard from $2.80 and march forward
I gave up the chase ... spent my money on JIN and CDA instead

 

[RottenValue]

Feel the same way with BRG but sadly we cant back every winner.

Interestingly, my capital also found its way into JIN, along with a more speculative COO and the ex-falling knife FGE .

 

[McLovin]

Up 9% today...Decent volume too, especially considering the time of year!

BRG has paid doubly for me. I bought BRG, and it led me to PMV.

 

[Out Too Soon]

Leave my boring little stocks alone or they may be insulted and start dropping. There have been a few of these around for a while, just steadily increasing, maybe resting for a while & up they go again. A couple of the others I have are KSC and MXI (I mentioned this in its own thread and btw looks like it could break out again).

Cheers
Country Lad

Sorry Country Lad, finally had to have a bite of this cherry, hope I'm not a jinx on it



Lots of buying pressure around 6.30-6.32, ie I think the fall has stopped & it will rise again.

 

[Out Too Soon]

Damn! Jinxed myself more than anything, tight stop loss triggered same day

 

[RandR]

from 2009 onwards the financial performance and stock of this business has well and truly flourished, indeed it appears they are swimming in cash atm. What happened? Anybody familiar with this business for more then the last couple of years? In the decade leading up to 2009 it appears the business was quite unexceptional.

 

[tinhat]

The only thing I know about them is that GUD (Sunbeam brand) attempted to take them over a couple of years back and the ACCC disallowed it. GUD had built up a substantial shareholding which they sold off last year I believe. Brevillle came on my radar last year ago but has been one of those companies that has always seemed fully priced - yet the price keeps going up. In hindsight would have been a good buy this time past year.

 

[VSntchr]

Good company, solid earnings history since 2009 and good growth trajectory...however I can't bring myself to pay $6+ for this...
Its still on my watchlist but not a buy for me...

 

[Klogg]

Good company, solid earnings history since 2009 and good growth trajectory...however I can't bring myself to pay $6+ for this...
Its still on my watchlist but not a buy for me...

This was one of my first buys early this year (I started in Jan) and turned out to be great.

My reason for buying was to do with an onerous lease that is due to expire about now that was taking a substantial amount off the bottom line...
Ofcourse, it took off like a rocket when their profit went nuts for good business in North America so this one is just luck for me.

Sitting on a 103% return + dividends atm.

 

[Vader]

Roger Montgomery is also starting to pump BRG on his blog... posted an interesting bit of news today that they announced earlier in the week that BRG have signed a contract with Nespresso to sell official Nespresso branded coffee machines that should be in stores about the middle of this year, thereby cutting in on the monopoly that DeLonghi have had up until now - not sure why an announcement about this wasn't made to the ASX, that should end up being a nice little bit of growth to the earnings.

...anyway, I jumped in this morning and bought some for $6.25 on open... got plenty of breville appliances around the house and they've always been a pretty decent brand.

 

[McLovin]

Anyone selling appliances will love that. From what I understand, DeLonghi doesn't have the best reputation for being easy to deal with and apparently really screws everyone on price.

 

[RandR]

I want to do a bit more research into the history of this business in the first half of lost decade. especially 2006-7 before im really going to feel comfortable with it. Need to get to the bottom of what caused the dire performance last decade and the turnaround this decade.

Interesting comments about the Nescafe tie up, I noticed Nescafe started opening their own retail stores in Australia.

I havnt spent too much time looking, but does anyone know if they have any sort of hedge against the US dollar earnings for the North American sales? Does the high aus dollar of the last few years explain the growth in sales from NA. Could add an interesting dynamic.

 

[RandR]

from 2009 onwards the financial performance and stock of this business has well and truly flourished, indeed it appears they are swimming in cash atm. What happened? Anybody familiar with this business for more then the last couple of years? In the decade leading up to 2009 it appears the business was quite unexceptional.

It simply appears in 2009 they divested and sold off sectors of the business that were loss making and struggling. This gives me a quite considerable amount of respect for current management in their bravery to splice the business and their handling of the rivers of cash that have flowed since resetting the business strategy in 09. The more i dig the more i like. Its becoming quite difficult to find much that will put me off BRG.

 

[RottenValue]

Its becoming quite difficult to find much that will put me off BRG.

Maybe the price?