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I've beaten you to the punch
How did you get on I've just nearly managed to get out last 10000 to go.
£1.30 then back to £1.00 and lower I can't off load fast enough brokers don't seem to be letting me sell large chunks
I'm out move fast this is gonna to be dropping
I suspect there will be alot of people in the coming days and weeks wishing they had got sooner
I suppose with it being high I think your right it will be going to £1.00 and £1.20 is where the resistance should be.
sell now
this going to £1.30
I think they have a better grasp of the value than the hedge funds shorting this. Always a good sign to see the directors purchasing...
Increased twice in the last week, wonder why.
This is nothing new. Back in the day the astute high street Managers would often cut out the in house delivery services to Quickly get the product into the customers home. This also meant there were no "failed deliveries." It could often be a sale clincher too as the customer would know the precise time of arrival. It was a cheaper option than the more expensive inhouse operation. Im surpised it has taken this long for the company to catch up with what was happening then and use that sector of the service industry as a recognised partner.
this flexibilty meant we could act far quicker than many of our competitors which gave us an edge.
The only trouble with Uber is the items being delivered in one piece after the amount of crashes they tend to have because the driver is a sat nav jockey.
Uber tend to grab a headline any way they can, it seems with world wide problems with this modern day slave trade company just won't go away & will probably not be around much longer, a bad move by Dixons in my books.
in the football.
laptops during covid, now tv's during football and tennis!!!
All IMHO.
This SP should be well up come on the facts:--------------------14 per cent underlying sales growth from its electricals wing, a 103 per cent leap in online revenues to £4.7 billion and the balance sheet alchemy that magically turns £204 million of net debt into £169 million net cash?
Opened up over 3%, this is a strong buy. Over the next year it should reach £2 at some point
means the big pension funds will be in here.
Back to the £1.60 it was in April in due course I fully expect.
All IMHO.
Investors chronicle
Increased investment in its online business
Cost savings boost free cashflow
Dixons Carphone’s (DC.) mission to become a successful “omnichannel” retail business has gained impetus through the lockdowns, as housebound consumers increased purchases of televisions, laptops and video game consoles.
Dixons Carphone restarts dividends after sustaining strong trading
30 June 2021, 10:38
Technology products retailer Dixons Carphone (DC.) is restarting dividends after delivering better-than-expected annual profits as an online sales surge offset lost revenues from Covid-enforced store closures.
Chief executive Alex Baldock insisted the start of the current financial year has seen ‘continued strong trading in all our markets’ and is ‘more confident than ever in our prospects’.
Given this bullish outlook, Dixons Carphone reinstated the shareholder reward by proposing a full year dividend of 3p, though the shares were 0.7% lower at 122p by mid-morning.
EARNINGS SPARK
For the year ended 1 May 2021, the Currys PC World-to-Carphone Warehouse brands owner’s adjusted pre-tax profit grew 34% to £156 million, ahead of previous guidance of £150 million, driven by a very strong last couple of weeks to the year.
While mobile sales declined due to both planned and enforced Carphone Warehouse store closures, like-for-like electricals sales sparked up 14% despite pandemic-enforced stores in the UK, Ireland, Norway, Denmark and Greece.
Online electricals sales grew 103% to £4.7 billion last year, highlighting the group’s strengthening omni-channel position and market share gains.
The news on current trading is also encouraging, with UK & Ireland electricals in growth year-on-year and international sales trending positively.
And Dixons Carphone sees evidence that its markets will be ‘structurally larger post-pandemic, and that not all last year’s growth was pulled forward’.
POSSIBLE TAKEOVER TARGET?
Russ Mould, investment director at AJ Bell, said the soon-to-be Currys PLC has developed a reputation ‘for having stores that act as a place not only to showcase products but also to help customers struggling with electrical device problems. This personal touch has been crucial to helping Dixons compete against the likes of Amazon.’
He also believes that the work Baldock has done to reshape Dixons won’t go unnoticed in the private equity world.
‘Dixons could easily be a takeover target given it has a net cash position, it is generating lots of free cash flow, it boasts a strong brand in Curry’s, and strategically it has already done a lot of hard work to fix the problems of the past.
‘A private equity buyer could find ways to accelerate growth and push the Currys brand even harder.’
THE LIBERUM VIEW
Liberum Capital reiterated its ‘buy’ rating and 175p price target, arguing the results give ‘further reasons to be positive on Dixons Carphone’s outlook and the ongoing progress under its transformation plan.
‘Current trading remains strong with electricals in growth year-on-year across all territories. There are two upgrades to guidance with management now expecting a stable net cash position in full year 2022 year on year and a 3p dividend will be reintroduced.
‘Dixons Carphone’s enduring strong performance throughout the pandemic reflec
say no more. 3p.
All IMHO.
Likely to see a price rise of over 10% in the next couple of weeks and substantially more over the coming year. Based on that I consider Dixons a strong buy
i thought i have paid to much this morning at 123p,looking good now
Great set of results with the added bonus of the reinstatement of the dividend. The hedge funds that have brought the price down will no doubt buy back as this is going up. Funds will no doubt stock up now as they will be getting a yield. Good times ahead here...
Been curry’s twice last 2 weeks at Blackpool store very well run more focused staff not like it use to be.Greeted at the door directed straight to what your looking for very competitive pricing love to still be able have choice and buy in store and take away.
Rerating on the cards with bullish forward management predictions,
starting to look like a good investment .