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I agree it's the margin that's crucial
They have never made a lot of money from mobile sales they made it in the bonus payment s from the networks. They have to hit these payments or they don't have a business. As it gets tougher they are throwing money at deals losing more each time in the hope the numbers will turn it round. If they don't hit the numbers it's game over. The network s will be thinking it's time we don't need them now we have our own stores. Through in the rise of Tesco virgin sky mobiles which Dixon's just let happen spells trouble and that's what you see in the share price. I can see them pulling out of mobiles completely
I think that is how I would describe the current stock market situation. It feels like it is from nowhere but the signs have been there. Savings down, the cumulative effect of inflation being felt, wages somewhat suppressed and the cost of housing as a percentage of income much higher than reported. Add to it oversupply and a levelling of interest in mobile phones and laptops/iPads etc, and what you have is a normalisation. I guess the question is knowing what is actually a new high and a new low in many areas. I suspect 2019 will bring that focus.
Initial figures from Barclaycard show L4L visitors on Boxing day down 3.1% and 10% lower than Black Friday.
How shopping trends have changed.
https://inews.co.uk/news/consumer/boxing-day-sales-discounts-fatigue-black-friday/
Been a long time since they have seriously disappointed in the Jan sales.
They are pretty quick to react these says and will likely ensure they hit sales numbers by being competitive, margin will be the big question mark for me though.
Will soon be down in the 90's
Chart wise trading below the initial update drop and multi year low.
No chart support here could easily fall further imo.
Fundamentally all eyes will be on sales trading now from Boxing day, massively important.
You too wim.
Thanks for that Funk. Have a great one over the festive holidays.
Think most will be invested well above your "crazy" average of £149.
If they have a really strong Christmas they could very quickly bounce above £1.50 again but I think the most likely outcome is an ok Christmas with margins under pressure which may steady the shares a little but not cause a substantial bounce.
I got this wrong massively :-/
Still invested at a crazy high average of 149 after getting some shares at 136.
If the market wants to, it can take it down to a few pennies a share no matter what the books say. Charts or not its up to the little goblin who sets the price. I dont know if i will see my breakeven price so pretty much ready to write my investment off. Or is it worth leaving it for the dividends? But then next set of results may have a massive reduction if not complete removal the fancy dividends we have been enjoying in the past...
Surprised the bounce off the low failed so soon, outlook looks more negative now, this is a fairly important area chart wise as it represents a double bottom after it broke 150 on the update, if it fails could easily see a succession of further lows.imo
Not sure if it's priced in or this is why it's dropped, the CMA have recommended mobile networks can't charge people full price once there contract has been paid off. This will have a negative effect on Cpw side of the business. Through there own networks but also the main networks won't pay them as much commission.
I take your point on the 10 per cent rise. Just be careful with this one long term don't see it
Yes mate I will post certainly I hope for you all it goes up. Click 9 10 11 pages back you will see what I said back thrn my username was slightly different. I have bought and shorted this share last 3 years every xmas is the best time to short it. Wish you all the best seriously I no holding in company since Wednesday. They talk it up all the time the board etc but nothing comes true.
Well now the share price is back to '20p in old money equivalent' ages before the merger, actually when DC was simply Dixons Retail . As usual new CEO gets all the bad news out in 'his year' , before the upturn next year . DYOR though.
No not at all I got out but lost a bit on it used be five quid a share and everyone was bullish.
160 this will never hit 160 again. Still in talks with EE terms will be worse than before.as soon as these talks are over shops will close. Shops on a lfl basis must be down. Carphone Is finished
The charges are a one off. The analysts are bullish about this stock at current prices. Expecting a swift return to 160
Lol...didnt want to say how crap his prediction sounded as i wanted to see his response to my post. I bought some at 8:20 am at 136 having missed the initial drop to 130.
I hope so, can then put 10k in. Missed that mark in the morning :-(
Imo
The problem is cpw need the networks more than the networks need them.
To be fair they do have some of the best deals on the high Street but they are loss leaders so they can say to the netwoks look how many people buy through us and do they can hit there bonus targets. The network s have wised up to it no one at cpw knows the business so they running round in circles. Chase the bonus but then threaten the network s saying we want better terms and the network just turn round and say no. They then put cheap deals on line to chase the bonus. However it stops people going into stores it's a basket case. You never see market share on phones they aren't in the figured they never show how many contracs they have sold more than last year.
iPhone X deals ever over Black Friday
True and they keep saying lfl sales are up my local shop over the last 2 years is about 30 percant down. Accounting issue someone should get investigated it's a disgrace