Bargain hunt with B&M

B&M European Value Retail (BME) has been thriving during lockdown. Broker earnings estimates have been regularly upgraded and consensus forecast EPS for the next 12 months is now 35 per cent ahead of where it stood three months ago. The shares are also among the most popular holdings of the top UK fund managers tracked by our Ideas Farm (see page 38). B&M’s focus on value and its flexible inventory model should support it through the weak consumer environment that lies ahead and allow it to continue to benefit from its growth strategy.