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Don't do it. It's really starting to cool off. IMS on 23 June. All retailers I follow issued pretty much useless statements, with Home being the exception, but still down about 7% since yesterday.
Last chance to top up..?
And there we have it. See what the indicators are looking like a bit later today but that 47.5 came a lot sooner than I'd thought. ~44 will be interesting.
and cooling off now. Few p off to ~47.5 I reckon.
Calculus, what he has told you is rubbish. As a Dixons retail employee they should not be discussing any part merger, especially when they are giving wrong information. All the employees know is what the public know. :-)
Was in a branch of PC World the other day and asked the lad who was serving me what the staff made of the merger. His response was that the Phones 4 U deal still had a year to run and that the merger wouldn't complete until then.
Any fixed date for merger ?
Hanging Man - loads of bulls appeared late in the session but increased selling pressure after 15 May low See if tomorrow brings further bearish confirmations.
EE said over a week ago they're reviewing their network. ... bank Hols across Europe. No buyers today and low vol across the board
Interesting times for EE / DXNS / CPW. If the Telegraph story has a grain of truth in it, and we have to assume it does, a sensible approach for EE would be to exit Phones 4U and back the winners of the next 10 years - DXNS/CPW. If they believe they can build 4G subscribers without 3rd parties, an exit by EE would surely be terrible news. Thoughts anyone?
Looks like the drivel writing journalist was spot on !
Down !
Any thoughts about DXNS share price tomorrow?
That journalist only writes up sensationalism business relayes drivel: http://www.telegraph.co.uk/journalists/christopher-williams/ And it's not really news. Operators adopt an own store an distributor model. As if they'll pull out.
Would a business want to pull out from such a big opportunity............just don't get it, Fingers x !
EE 'to end links with Carphone Warehouse' Britain's biggest mobile operator to decide on complete withdrawal from Carphone Warehouse within weeks as regulators scrutinise its £3.2bn union of retailers Currys, owned by Dixons, and carphone warehouse Dixons, which own Currys, and Carphone Warehouse announced their merger last month after protracted talks By Christopher Williams, Technology, Media and Telecoms Editor8:30PM BST 07 Jun 2014 CommentsComment EE is poised to pull out of its relationship with Carphone Warehouse in a move that threatens the retailer’s £3.6bn merger with Dixons, The Telegraph can disclose. Britain’s largest mobile operator will conclude a review of its consumer retail strategy “within weeks”, sources said, with a complete withdrawal from Carphone Warehouse the potential result. The move would be a major blow to the retailer, which has positioned itself as the best place for consumers to independently compare deals from mobile operators. It currently offers handsets and contracts from EE, O2 and Vodafone, but the withdrawal of the biggest of the trio would seriously undermine its claims. EE serves more than 30m customers and has a one-third share of the UK market. It is also recruiting subscribers to its 4G network, who typically require a new handset, faster than O2 and Vodafone. EE has not made a final decision to end its relationship with Carphone Warehouse, sources said. But it would be the result of two of the three possible scenarios under advanced discussion. Related Articles A one-stop shop winner 15 May 2014 Carphone and Dixons shares tumble on merger 15 May 2014 Dixons and Carphone face powerful forces 15 May 2014 When quitting smoking makes sense Pru Health As UK exports continue to grow, Amy Wilson examines which sectors are most successful HSBC The mobile operator is a joint venture between Orange, the former French state telecoms monopoly, and Deutsche Telekom, its German counterpart. Gervais Pellissier, the deputy chief executive of Orange, last week urged EE to “get rid” of third party retailers and deal direct to consumers. His comments signalled the widespread desire among European mobile operators to cut out middlemen and sell to more consumers directly. They have seen their profits eroded in recent years by regulation and competition and increasingly resent the impact of third party retailers on margins. A spokesman for EE said: “While we do not comment specifically on ongoing negotiations, we can confirm that we’re formally reviewing our distribution strategy, primarily in the consumer space, with a view to fewer, deeper partnerships, based on value and shared ambitions.” EE’s review also covers its relationship with Phones4U, Carphone Warehouse’s main rival. A source said the mobile operator would end its relationship with one or the other, or both. Formed by the 2010 merger of Orange UK and T-Mobile UK, EE
Re all the discussion about how many new shares will we get at what ratio --- having finally got around to reading the proposed merger detials on the DXNS website it seems that the share split has been agreed and will happen at 0.155 CPW for 1 DXNS. I have read the appendix which the copied section below refers to but can't see that changes anything in the statement. Could be wrong as I not a financial genius but the statement seems clear. Can't see anything that refers to share price at the date of the actual merger - maybe it is fixed at the merger announcement so people don't manipulate the share price. "Under the terms of the Merger, which will be subject to the Conditions and further terms set out below and in Appendix I to this Announcement and to be set out in the Scheme Document, if the Scheme becomes Effective, Dixons Shareholders will receive: 0.155 of a New Dixons Carphone Share in exchange for each Dixons Share The Merger will result in each of Dixons’ and Carphone’s Shareholders holding exactly 50 per cent. of Dixons Carphone on a fully diluted basis taking into account existing share options and award schemes for both companies."
Value will increase when we move into the FTSE 100 I would expect, by how much , who knows !
No one know the exact terms of share change when we go over to Dixons Carphone. So no point asking the questions on here I think.. Best to wait and see, but the valuation of your current holding will not decrease, for sure.
When does this 6 for 1 shares change over and does my percentage of how much I'm up or down also change I'm all confused help
Not sure what exactly he is referring to but sounds good. "Pleased to see level of interest in Dixons carphone from US investors. These fund managers are clever people with a very clear view" Re shares after merger - 6 to 1 or 6.5 to 1 does not sound much of a difference but if you have a sackkfull of shares it could be quite a lot of cash. Since the announcement CPW and DXNS have been pretty much tracking each other.
Further to my last post. Your new valuation of 54.3p as against 49.4 is skewed because you are assuming the valuation of the new company will be the same as CPWs share price. It will not. You will not receive one CPW share for every six. You will receive one new company share for every six approx.
On the day of cancellation, if you multiply the number of shares of EACH company by the price of EACH ones share and add them together you will have the value of the new company. Divide that value by the total number of shares now in existence and you will have the new share price. Dixon's shareholders will then receive 31 shares for every 200 they own. Let's ASSUME that the new share price is £3.29 and Dixon's was 51p at cancellation. 200 old Dixon's shares would have been valued at £102. Their new allotment would be 31 shares @ £3.29 = £101.99
so we should be above .50p .. best I sell and get outta here .. lol
Should have used a calc. yes 6.6 ..= 326/49.5 circ