The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It’s a good headline but how likely are they to x10 the share price in 5years to unlock that payout?
Dixons did similar in 2018 it’s due to pay out this year for staff, good idea that all staff are shareholders I hope most don’t cash out at this lower price and keep the investment.
https://www.thetimes.co.uk/article/dixons-carphone-to-give-staff-1-000-of-shares-b8nc26bfl
Check out AO.com new bonus scheme... wow, looks like one company is pushing on and DC stuck/treading water. He needs to go with the rest of the Board
White goods are a necessity and go wrong on average every 5 years regardless of the state of the housing market
Negative write up on Lex.
https://www.ft.com/content/4de78455-c1f7-4938-b0c6-080ed197fc95
I think that the drop in the SP, is an over reaction. The effects of the pandemic, I feel should have already been factored in to the SP, and therefore today's drop is a bit over done. The results are not great, but I feel are no worse than should have been expected. A relatively quick recovery in the SP I think can be expected.
LIBERUM RAISES DIXONS CARPHONE PRICE TARGET TO 150 (135) PENCE - 'BUY'
Some confidence there
Thought the same, perhaps the results have given everyone a lot a think about !
Good grief its quiet here for results day anyone got any views?
If nobody is buying or selling houses - then nobody is kitting-out those houses with white goods and new toys.
Waiting for the low.
Well the city does not like this line "a weakening of consumer spending later this year" which could lead to downgrades.Also problems with mobile and yet another delay to that being profitable, what a disaster buying carphone has turned out to be along with the cost of closing of stores.On the positive and a surprise to me he says stores that have opened are performing well but of course there is very little detail on that and I wonder if they are really doing THAT well because if online is flying and stores are doing well too seems odd to issue such a gloomy outlook.I fear it will test the lows again.
Yes the results should be good- with a late surge in IT sales and sharply lower costs
The Nordic stores have continued to trade through out too
I hope it’s good news tomorrow too, feels like the market is bracing for something today with the drop today, don’t think anyone knows which way this is gonna swing.
Yes me too.
I would be very surprised if sales are not good but will be interesting to see how stores are performing since opening and keep an eye on margins.
From AO update today.
"Although customers are able to return to bricks and mortar stores, initial data shows that since stores have reopened the online market has in fact continued to grow year on year"
Surprised how quiet it is here the day before results?
Online electrical sales have doubled. Samsung can't make phones quick enough and Liberum Capital have upped their target to 150p.
https://www.sharesmagazine.co.uk/news/market/6953193/Broker-Forecast-Liberum-Capital-issues-a-broker-note-on-Dixons-Carphone
Should be a good solid recovery stock. Hope I don't have to eat my words when results are published tomorrow.
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Electrical sales doubled online in June despite shops re opening.
More evidence that the size of Dixons physical estate is a big worry.
https://www.retailgazette.co.uk/blog/2020/07/online-retail-sales-continues-to-boom-despite-lockdown-exit/
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AO is a good business but they have similar customers service issues. I tested them a few weeks ago and never got a reply. People may buy online but trying to upsell premium models over the phone is much harder than a live demo.
The selected stores that are open are trading strongly from sources close to the business. No shortage of customers more so with stock. However short term issues will help protect margin as customers usually want things now. Taking away stock saves,on delivery cost. With large numbers of staff on furlough and business rates relief I'm expecting upbeat results and a bright future
Not forgetting the Nordic division which has continued without interruption
smart phone sales rocket then! I suspect parents will be inclined to now buy smart phones that can run the new app for their kids safety..............................................
AO are online so haven’t been affected by the Corona virus in a negative way, but once normality returns people will start using shops again which will impact them. If you read the last update on figures - two thirds of lost store sales were recouped online, and overall (including European stores) they actually were parallel with last year. My local store is actually still closed as they phase reopenings, my guess is that online is doing great and there’s no massive urgency to reopen all stores as wages are covered by furlough. From what I understand we are currently in a closed period until results are released in July, hence why there’s been no further communication from head office.
Not a person at my local store well not a queue. no idea if busy inside. Ao is smashing it. Why are dc not ? Are they going to issue more shares to raise funds ?
Good call.
Shares have increased 30% since the drop may need to see some evidence things are going well since the stores reopened for next leg up.
Results will now be published on 15 July 2020, around three weeks later than the previously planned date of 25 June. This follows recent guidance from the FCA on corporate reporting timetables in light of COVID-19, and will allow the Company and its auditors, Deloitte, sufficient time to complete the process of preparing and reviewing the results, given the practical challenges of remote working and restricted access to stores.
Correction:-
80 people. Only letting in certain amount of people by the looks.
Looking good.
All IMHO.