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You may or may not consider this a downside. I suppose, holding on to people's cash isn't the right thing to do but I suppose with covid-19 around it's is a sort of plus from an excuse point of view. Personally if I was Dixons Carphone PLC I'd compensate them with a 10% voucher as an apology - we will see.
WARNING!. Before ordering online from Currys-PC World read this article. I can confirm it is true from personal experience: Https://www.thisismoney.co.uk/money/bills/article-8307341/Why-hard-contact-Currys-PC-World-order.html
The company is owned by DIXONS CARPHONE LSE:DC.: Https://en.wikipedia.org/wiki/Currys
can someone far smarter than me tell me is there is any downside/negative to this share, as i from my limited research cannot see any, all i see is positives for the future...
stores to re-open soon
LFL figures a lot higher than expected due to soaring online sales during lockdown
closure of loss making stores
continuation of high end product and consumables flying out as we all convert to home offices
they are looking to the future with virtual real time online sales assistants
converting stores to offer click and contactlessly collect
etc etc..
feb highs pre covid were 141p, so with market beating sales and a very pro-active approach to the near future BUT we still see DC. stuck mid 70's.. this should in my view be slowly increasing as per a number of other high street retailers are doing alongside the FTSE recovering to well over 6000 now, such as MKS and JOUL to name just two. i'd have thought this would be closer to 90p with all things considered by now....
so what i'm asking is am i missing something?? are there any negatives or pitfalls on the horizon i havent read that are holding this back? .. any comments welcome please, i'll log back in later today when i've finished my unpaid role - full time teacher to three kids.
More rises to come as we rerate. I also expect an update from DC in near future giving us visibility of online sales and reopening strategy. Time is now if you are looking to invest IMO.
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