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Hopefully it will keep rising for you all I am out. Still not sure on the long term future yes they will close stores but the model is based on volume. If they don't get the volume they don't hit the network bonuses that's what it's all based on. I thought they would try and paint a rosie future game of 2 halves etc well I don't see it getting much better in the next half. I be amazed if they hit the profit he talking about GLA
"To even escape the immediate downtrend, the share price currently requires better than 176p. This sort of achievement opens the door for growth toward 216p initially with secondary, if bettered, a longer term 267p." So now we have scraped back over 150...lets scrape over £2...just hold that 176...but what do I/the author know
Starts just bought £250 worth of ripples (crypto currency) took me three days to buy but never know this will go up like Bitcoin
Good analysis there Bandit1; concur fully with this and your prognosis!.
Good...results have been acceptable....time to close some stores and make some people redundant- cost cutting.. Pleased the board has kept the full divi...encouraging
Management have done a decent job in tough circumstances and appear acutely aware what needs to be done with mobile. This will rise sharply today as the shorts close their positions and those on the sidelines see a value play. Between 10%-15% rise at close and then steadily climbing over coming weeks as institutions return on continuing dividends would be good to see.
Will be frankly astonished if market does not move better this morn.
First half headline pre-tax profits of £61m - down from £154m last time
• Strong performance in electricals across the Group with growing revenues, profitability and market share • Maintaining scale in UK mobile but profitability challenging. Repositioning mobile business to deliver a simpler, less capital-intensive business • Interim dividend 3.5p (2016/17: 3.5p), Board intends to maintain total full year dividend at 11.25p • Expect to deliver full year 2017/18 Headline PBT within £360m - £400m range o Headline PBT consensus for FY18: range £362m-£420m, average £383m • Good start to peak trading with record Black Friday in all geographies
I do think online will be doing OK but that's why the model needs to change too many stores. Also agree more customers deal with networks than ever before. They will definitely be desperate to keep market share right now incase a network pulls out, hence all the deals they are offering and the 10 million giveaway, has that worked. Gla plenty of questions, it wouldn't surprise me if they try and paint a rosie picture we will find out soon
Carphone did well when “pay as go” was popular. They used to get a lot of customers search for better deals. But now almost everyone has been attached to a line rental. Either you want to upgrade or look for a cheaper deal, you are dealing with network provider.
It's not the profits that worry me it the long term future of the model, it's not sustainable it's how they cope with this. Black Friday sales may be strong but ask your local store since then? I did yesterday, worst Xmas ever up to now. Does black Friday bring additional customers ? Or the same customers buying cheaper. It's the cpw model that's under threat sell lots of phones cheap hit the large network bonuses as soon as they miss that it's trouble. The hierarchy who made cpw are no longer there they have departed can the team who are in place turn it around, hopefully we will find out in 24 hours.
Investec put them as a buy recently with price of 1.85 against expected profits of 61m: this puts the current price (sadly for me) in the right arena then and hopefully the figures are priced in: if you think that the company is now worth half what it was a year or so ago (re profits) then the price makes sense, arguably it should be a bit higher? It seems to me that panic selling and stop losses are the biggest threat to a stampede downwards. Important to see what they say about the dividend, hopefully it will stay put and that should help hold the sp. Or perhaps I'm in la la land?!
Harold Wilson said 'a week is a long time in politics' - well 7 minutes may be a long time either side of DC.s interim announcement. I am trusting that Saturdays Telegragh article was NOT the result of some deliberate leak on behalf of the company - but the key thing appears to be - how BAD these results are actually going to be!. I invariably invest from a contrarian position - and usually over the years with reasonable success. I believe the key thing is - at all costs- the company MUST try to avoid CUTTING the dividend. Even if its only moderately covered it should (I trust) be maintained - or it will confirm the negative viewpoint of the Directors towards the companys prospects, model et all. Wishing all investors the best as we reach this (short-term) denouement in this difficult stage for the firm!.
If it's that bad I seriously worry, hopefully not. It puts the whole model on the line if its that bad it can't be surely.
yes...have considered this factor....plus its not a shock profit warning if its out in the press already..August was the shock... Onwards and upwards? (albeit keeping the dividend)
Could be a VERY grizzly week coming up http://www.telegraph.co.uk/business/2017/12/09/dixons-carphone-profitsslump-risking-shops-closures/
" Where do they get these analysts from" God knows and I bet that even He is puzzled at times. The analysts appear to just skim the press releases, which would not be so bad except thet some of the information they have is widely out of date. That said, although the management of Dixons is deeply uninspiring, the SP does appear to have hit bottom and with a bit of luck and a following wind might reacht 312p in about another 6 months. Or maybe not.
This share pricw always goes up before results day then when results come out drops back. Hopefully not this time!!! I don't know who wrote the times article but if his analysis of the company is based on people listen to music and will always want to buy a speaker we are doomed. Where do they get these analysts from 😊
Three companies to buy for yield (GSK MARS DC.) - ...Dixons Carphone: yield 6.3 per cent Contradictory sounds have emerged from the owner of Currys of late. Before the summer, the company appeared to vindicate the merger of Dixons Retail and Carphone Warehouse by announcing record results. Fast-forward to August and its shares dived by nearly a quarter after it warned about profits, with a sluggish domestic mobile phone market and changes to EU roaming charges hitting earnings. The shares peaked at more than 500p two years ago, compared with 161p yesterday, down 4p. The over-arching logic of the tie-up still makes sense. Consumers increasingly read the news and watch video on their mobile phones and will listen to music through a wifi-connected speaker. A retailer that can offer you smartphones and internet-connected appliances along with the internet and mobile package to fit ought to be in a strong position. Yet, on its price-to-earnings ratio, it is cheap as chips (and not microchips). Its dividend is covered handsomely by its forecast earnings. Lots can go wrong with Dixons, but a lot will have to go wrong for this valuation to make sense.
https://www.thetimes.co.uk/article/three-companies-to-delight-a-crowd-2mljd87bp Basically saying rock bottom price and something major must go wrong if this is to fall any more....yield 6.6%!!!
8000 square foot, 3 in 1 store!