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4 days of significant drops in wider market, across most sectors with significant gap downs, but DFS doesn't move, seems it's backers set auction prices protecting it and themselves.
Laughable City shenanigans...wow, they got the 20% extra placed away after close at a 20% premium and despite stores all closed for foreseeable...nice work chaps.
Inevitable City driven funding (debt) bounce before 20pc equity issue. Still can't ant get 2 man delivery teams into private houses, tricky. Chinese supply chain resellers may not be UK flavour of the month going forward either..
30% off sale today! Looking more reasonable @115p..
Profits were down before Corona virus effects on retail activity are taken into account. Still looks expensive at 177p.
These seem to have been fairly stable in the face of the virus outbreak, I had expected a significant drop already, anybody know details of their reliance on Chinese supply chain?
Will investors need to take a seat following DFS Furniture’s half year results on Thursday?
Despite some very healthy figure, in January DFS said that it remains ‘cautious’ around its full year outlook, the company ‘mindful of the broader political and economic uncertainty and the further risk this may pose to consumer confidence’, alongside the potential impact on leads times for the made-to-order products it sources from overseas.
Clearly DFS is very keen to manage investors’ expectations, so it’ll be interesting to see what kind of tone the company strikes on Thursday. As for pre-tax profit, any kind of improvement on the economic anxiety and heatwave hit full year figures will be welcome.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=388273
Sales up 10pc , maintaining profit expectation, but the CFO is leaving. Seen a rise here from Dec's 180 lows (particulatly since Dunelm reported) and prior to this news, so hoping for a further jump back up today..
Yes the bounce up was rapid from 190s, quite impressive. I previously held these from around 175p though which seemed like a value purchase back then, but sold out in 240s concerned about the p/e. Subsequently the persistent weather related news, too cold then too hot..its just not a concern for online retail business models, and frankly it's wearing a little thin. I like the acquisitions the business has made & strong brands but ultimately the falling profits I see as due to particular susceptibility to a weakening macro environment so wary of the fairly high valuation here.
CXS1 I think you are wrong.The retail volumes are growing,what the problem is that the price paid for products have not been going up due to competition while costs have.
I thought the results were not that bad considering most of the drop in profits were due to expanding the group.
Furniture is one area that was impacted by the hot weather and they are now recouping some of the lost sales as well as a hold up of some of their deliveries.Although the share price fell it soon bounced back up as it is very good value at these prices
Poor trading fourth quarter, blamed on the heatwave. Can't have helped but these on going profit drops confirm the significant retail downtrend. Div of 7.5p maintained this year, but looks increasingly precarious.
If carpets were this bad today, then think sofas will be very very bad
Looking at the share price today it does not seem to have taken a big hit by going ex dividend.Looking that directors bought last week it seems that the shares are very good value at the moment .Their stores are busy and their strategy seems right.I think that there will soon be a large increase.
It's multiple directors buying. And I followed today. Held DFS over a number of years previously, remember the original floation well. Have been biding my time, waiting for an opportunity to buy back in.
Poole, with respect you may be confusing revenue with profit, which can be very different!. We have seen this week's sector news, it's a competitive market and DFS are still here and thriving for a good reason.
I agree that this share is a strong buy.Whenever I go in they seem to be busy.Their strategy seems correct by opening dwell branches in their main stores as there can be so much cross selling.Only last year my son bought from both stores in separate locations and they could have lost him.This way you can nearly furnish the entire home.It also increases footfall as only having very large items means that people on visit your store when they need something big.Very strong buy as I still cannot understand why it has fallen so much recently.Also big dividend coming up
I believe this is a strong buy now with director deals going through. I have ordered in the past and had a great experience and they have good quality products. Yes i agree they sometimes don't fulfil orders on time and its not a good imagine to portray but hopefully this will improve since the share price drop and profit drop hopefully they understood they had to do things differently.
My attitude towards this share having been a holder for sometime, perhaps too long, is now drawing to a close. I became a customer in early September and ordered three items, a three seat sofa, two seater and footstool. It will be eleven weeks since the order was placed this coming Tuesday. Well past the promised six weeks and my patience is running out as both a share holder and customer. Little wonder the SP has been in decline if they can�t fulfil a simple order, make the promised update phone calls or even update �track my order� online, which still shows and earlier promise of 30 October. All well and good having TV adverts promising delivery in time for Christmas, this company is a joke all round and I�ll invest elsewhere. It just doesn�t seem to have much of a future.
No one shedding any light why share price falling ? I guess all the postive posters of a strong buy have sold up an moved to new pastures ?
The price of this share has started to move up since it fell quite sharply last week on the back of its results which were flagged two months ago.he company is well run and seem to be utilising their space well and everyone including me who have purchased from them are very happy with their service.My son who bought his first flat last year bought from both their brands.This share is in my view undervalued and will I am sure rise further in the future.
If someone asked you to put your your head in the oven would you do so.The furniture industry is very competitive and companies go bust very often.So just because someone is selling cheaper does not mean you should bur from them as they might not be in business next year. I have been impressed with DFS for a number of years and bought shares this year as I fell they are doing all the right things by using their spare space for Dwell and this will give their stores more footfall and increase their exposure in the future.I think their share are at a low price at the moment and will only go up.
sorry...meant for ukog
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100% agree these irratation are easy fixes to stop customer /DFS staff conflicts on price matching from outsourced suppliers just have excusive material covering range for DFS ,but doubt people in high positions ( I will keep my thoughts to myself best )
DFS do make most of their furniture in Derby, but not all the furniture they sell is made by them, as a number of suites they buy in from suppliers who sell to all retailers, and it's the policy of DFS NOT to be competitive by not price matching and quite prepared to allow competitors to undercut them, and take business away from them which they are presently doing knowing DFS will NOT compete and this is the reason I sold all my shares, for I know if a company is not competitive then this is in my eyes is the start of such a company to fail ! and I am sure all fellow shareholders would wish only to be invested in companies that are competitive and if your thinking is the same as mine, then lets get change to happen !!