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Someone has just sold a total of 6.000.000 shares in two tranches - any ideas?
Hopefully we reach 50p + by end of the week, fingers crossed.
Looks like we are heading back to our normal levels
Dixs don't support or treat their management population very well. with the merger and store closures on the horizon, I am sure it won't get any better as they will want managers to leave to save on redundancy costs. The business talks about wanting to be in the top 25 companies to work for, never going to happen while I draw breath I am afraid. Dixs has had some great success over the last few years and it is a shame that many managers worked beyond the day job to support the business get through the difficult times, shame so many either worry about how long they have a job while others have lost the will to live and are totally pi55ed off. I wish all colleagues in store all the luck in the world and do hope that those that treat them like second class colleagues get what they have coming to them. For the share holders......GL to all that we get a return at some point on this share that just disappoints.
Good to see that we have move up over the last few days, only wished i had more money to have bought more shares when they were at their low points. This will be a winner for the holders but its a waiting game. Next step is FTSE 100, Divi being paid etc YounMaverick - I dont know when the merger will actually take place nor when the new shares come on board - cannot find any info/dates on the net but if do i will post (if anyone else finds out then please post the info) ATB folks Bob
It matters not whose share you follow because the terms have already been set out. The fluctuations happening in the separate shares are there because each company's investors are moving in and out as to how they as individuals think the end result will benefit them. On the day of reckoning both sets of shares will be cancelled and all trading will be suspended. The next day they will open in their new name and you will own .155 shares in the new company for every Dixon's share you hold at present and they will be at the value set on the day. You should, in theory, be no better or no worse off than at suspension. The number of shareholders in the new company should be the same as the total number in both companies but that is relatively unimportant. The important bit is how many shares will be floating around in the market. This can be calculated if you know how many CPW shares there are multiplied by the conversion ratio then added to the number of Dixon's shares multiplied by .155.... I think. What the hell buddy. They'll either go up or down or go sideways. As long as England don't make a mess of themselves next month in coffee land - we'll all be happy.
As a long term holder who will be in 'Dixons Carphone' after the all share merger, am I right in assuming that given that the merger goes ahead, I should be following the current CPW share price more closely that the current DXNS share price? To add further depth, I see that if CPW shares were to rise to 350p, then in turn I would hold a Dixons Carphone share worth 54.25 in relative term's to todays DXNS shareprice. (350 x 0.155 as dixons shareholder recieve 0.155 Dixons Carphone Shares for an existing DXNS share). Also when would CPW and DXNS shares cease trading so the merger SP details, and how many share shareholders hold can be calcuated. Clarification would be much appreciated. Thanks!
Dixon's entry into the big league is governed by certain criteria but in simplistic terms it is thus: It must be valued higher than the company it replaces. The timing of its entry is determined by a review panel which meets on the Wednesday after the first Friday of March, June, September and December. A company is valued by multiplying the number of its shares by the price of its shares but to gain access to the Ftse the value is worked out slightly different. The Ftse review panel values the company by multiplying the amount of shares in FREE FLOAT by the price. So it is possible to have a massively valued company denied entry because there are not enough of its shares floating around freely. That's about it.
Anybody knows when it will happen? Of course After The merger, but have anyone seen some kind of "timeline"
Wouldnt be too worried about these trades. If its a buy someone sold mthem, if its a sell someone bought them. There will be plenty of toing and froing as institutions take positions prior to FTSE 100 listing.
Hi there, You were correct with the rise today, I just would like to know were you saw the 17million deal, I try to view late trades via Equiduct Marketviewer but that did not show it. Knowing this information prior to the start of day would be vary useful as I am trying to rescue some. Regards Andy...
I can't say I'm disappointed with my 9p shares.
Remember some people will have gambled quite a bit on this share expecting a premium. They may need to buy or sell to reduce or increase their holding so this will affect price in the short term. The synergies are the same whether it was a takeover either way, or a merger. Just need to be patient.
http://uk.reuters.com/article/2014/05/21/uk-britain-economy-retail-idUKKBN0E10LT20140521
interesting to see how fast this can move in any direction. good day today for those who are holding
@17:02 I think this will give a massive boost to share price today.
Agreed .. next return to ten bob I'm out ,,,
Just continues to disappoint !
£5.6 million of losses sold off. Can only be good news! Dixons Retail plc ("Dixons Retail"), one of Europe’s leading specialist multi-channel electrical retailer and services companies, today announces that it has entered into an agreement to sell the ElectroWorld operations in Central Europe to NAY a.s., a leading electrical specialist retailer in the region. Electroworld operates 26 specialist electrical retail stores across Czech Republic and Slovakia. Following completion, which is expected to take place during the summer, and which remains subject to certain normal conditions including competition authority clearance, Dixons Retail expects to receive a small deferred cash consideration spread over three years. For the year to April 2014, the assets being disposed of generated losses before tax of £5.6 million on turnover of £129 million from 26 stores (including 2 franchise stores). Commenting on the disposal, Sebastian James, Dixons Retail Group Chief Executive, said: "I am very pleased that we have been able to secure a strong future for Electroworld who will be able to flourish as a part of the NAY Group in Central Europe. Following this transaction Dixons will be a market leader in every market in which it operates, delivering on one of our key strategic objectives." Commenting on the deal, Mr.Peter Zálešák and Mr Ján Tomáš, co-founders of NAY, said: "We are pleased to announce the closure of this deal with ElectroWorld. It is a big step towards achieving our goal of reaching EUR 300m of sales in Central Europe and we strongly believe it allows the development of our market leading position in Slovakia. Furthermore it achieves our longer-term development to enter the Czech market and we are delighted to do that in conjunction with such a good partner as Electroworld.” http://www.dixonsretail.com/media-centre/press-releases/sale-central-european-operations#.U3oRPNJdXa4
Yes there are so many synergies and benefits of this merger, but the big problem for the get rich quick brigade is that these will not be immediately available unlike a takeover so I feel it has left a few of the "gamblers caught short with their trousers down "
Good to know thanks. And agree Currys' website has less detail and lacking in warmth and fluffiness. As for AO.com, would people not first check it out in store? Do like the online reviews. I would but I am also a fussy bugger. I never buy anything online without first having seen it in real life.
Agreed Rusty. While the electronics market is commoditised and competitive, I believe the multi channel strategy and huge presence are going to reap benefits. More purchasing power etc. Trading statement was solid, nothing not to like there. One stop shops for all your electrical goods. I'm a huge subscriber to Internet of Things. On Thursday both CPW and DXNS edged higher but then the rubbish Euro GDP figures were released mid morning and the MCX crossed into negative with a bang. I don't believe the selling would have been near as heavy had it not been for the GDP figures. Only the usual back-of-a-packet-of-fags 'analysts' (I am using this term loosely), voiced their opinion. Suspect the quality analysts from bulge bracket houses will back up my first paragraph in the next few months. Same goes for one of my other holdings, TCG, had it not been for the GDP figures no way would it have suffered the ~12% drop.
I see another benefit of the merger is the fact that the enlarged joing group will likely become a FTSE 100 listing. This means that immediately companies tracking the FTSE 100 will need some of these. Still think there will be a lot more upside. Big thing about this as there have been a lot of longs and shorts and I believe some people will have "gambled" on this being a takeover " with a premium". So some will have to sell and some will have to buy to close positions. There will be tos and fros before but once sorted I see this having very good initial spike.
Been shopping around for a washing machine and fridge freezer for the past few weeks. Just purchased both online at Currys as price and product were the best compared to others. However AO.com, did have great personalised videos to showcase their products online. Something that Currys needs to work on, as it only has pics or limited videos.
It is oversold on Williams %R, still room to move down on RSI and MACD only just crossed signal but above zero line. Will not take much for it to pop below. Stochs also move to room down quite a bit more. It has already closed below support, we'll probably test Feb 4's low of 42.04.