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BLX - Beacon Lighting Group

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galumay said:
staff didn't bother to come over and talk to me as I wandered thru the store
Click to expand...

Probably one of their trade formatted stores as well as being 'click and collect'. ?‍? Being Darwin they CCTV monitor the entire store and recognised that you were an idle window shopper with no tool belt. Noticing your harsh and critical demeanour they hid from an obvious male Karen.
 
Shivers! I took my eye off this. There's been actionable chart events. Didn't get down as far as my desired level for a dabble but you have to be flexible. On the monthly chart BLX threw a nice hammer candle 5 weeks ago (typical of making a low) followed by a confirmatory big white candle. Looks like it has now moved outside its downtrend line after treading water for 3 months.
Dipped today which is not showing yet on the monthly. At $2 it is below my authoritative valuation (ignore any analytical blow-ins)

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MONTHLY All Data
 
BLX Not bad for a bunch of light bulbs,

Beacon Lighting Group​
BLX​
Share Price​
7 Day​
1 Year​
2.74​
14.6%​
47.7%​
First half 2024 earnings released: EPS: AU$0.08 (vs AU$0.094 in 1H 2023)​
First half 2024 results:
  • EPS: AU$0.08 (down from AU$0.094 in 1H 2023).
  • Revenue: AU$165.2m (flat on 1H 2023).
  • Net income: AU$18.1m (down 14% from 1H 2023).
  • Profit margin: 11% (down from 13% in 1H 2023).
Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Specialty Retail industry in Australia.
Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.




​
 
Upcoming dividend of AU$0.041 per share​
Eligible shareholders must have bought the stock before 29 February 2024.
  • Payment date: 15 March 2024.
  • Payout ratio is a comfortable 59% and this is well supported by cash flows.
  • Trailing yield: 2.9%.
    • Lower than top quartile of Australian dividend payers (6.7%).
    • Lower than average of industry peers (4.8%).
 
From a livewire article on capable sml/med cap company managements.
BLX reports final results 22 August

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Beacon Lighting (ASX: BLX)​

Nathan Hughes: I'd talk about the Robinsons, Glen and Ian, from Beacon Lighting. Another family business, and much like the Heines, they actually haven't sold a share since they floated the company; I think it was 2012 or 2013. A lot of the traits that I talked about earlier - like passion and attention to detail - but they just run the company with a very long-term mindset. They've done a terrific job, much like Scali, in a business that is cyclical and consumer-facing. They've done a great job over a number of years.
 
If looking at daily closing prices, BLX is making all time highs. I suspect it'll go higher but not a confident call. Haven't been following the fundamentals. Not buying.
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Beacon Lighting Rated New Overweight at JPMorgan; PT A$3.50

DAILY
 
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