For fourth Quarter 2018/2019 ending 31st May 2019
Location: Hampshire, England
Thank you to our Sponsors
B&O Preliminary Forth Quarter Financial Performance Report
33 replies
Shares down 17% at time of writing.At this rate someone may buy the company, given 12 more months of this.It's market cap is below 2bn - Apple paid 3 for Beats!Of course the competition may just let the company go down the tubes itself.Good times
Not brilliant but at least it's all going to be OK again next year.
Free cash flow becoming more negative, market cap at 1.8bn......there is such little value left, next year seems very far away.Get ready one and all for new ownership
Not brilliant but at least it's all going to be OK again next year.
Do I sense a hint of sarcasm here? 😕
I believe the negative cash flow was partly caused to a share buy back. It’s doesn’t help that nothing other than the BS Edge was launched with a few colour variations 🙁Free cash flow becoming more negative, market cap at 1.8bn......there is such little value left, next year seems very far away. Get ready one and all for new ownership
And with nothing (or very little) coming before later this year, I can’t see the numbers stabilising much in the next 6 months
A significant number of new products were promised in the fourth financial quarter on an analysts briefing a couple of months ago. That’s a pretty big promise to break.
Also the forecasts for the year which have now been missed were already revised down from forecasts which themselves had been revised down. You’d have thought they would have been pretty cautious with the Latest set. This is pretty bad.
The share price is taking a real beating... Almost 20% down yesterday, and another 20% down today the way it's going...
B&O have been burning cash and selling off assets, and now they've nothing left. The share price is starting to reflect this, and yes - I think the prices will get to a point soon where a takeover will look attractive to someone.
B&O needs to be the 'halo brand' for one of the giants or just scale back as far as they can and become a high-end minnow with no more than a handful of dealers per country. That said, the brand has taken such a hammering over the last 10 years that the people you could always rely on to buy anything B&O have now walked away, never to return.
Very sad, and I myself have been a casualty of this, but they simply cannot carry on as they are now - it's plain to see.
Lee
Please Log In to Reply
You must be logged in as a BeoWorld member to post replies to forum threads.
or
Join BeoWorld
Register to access the forums, reference material, and exclusive member benefits — including our monthly prize draw.
Become a Member