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Hi Fusion, good post, I agree with you
Hello, They didn't have the data breach after May 26 2018 when GDPR came into force, they had the breach in July 2017 and have only now released notes regarding this. No one has lost any money and no bank transactions have taken place. Storm in a tea cup to be honest, but will still harm their reputation none the less. Looking to buy in the dips to hold for about 8 months time for 230p+ when the new CEO takes over and this will all be forgotten.
Yep - very disappointing...they had to have data breach after GDPR came into effect. I hope they are not breaching any GDPR protocols. Consequences of that are not nice especially given they are one of the first ones to report to ICO.
is not shining on this company...if its not yet another profit warning, then a data breach decides to join the party- never ending bad bad news
100p
Priceless - recommended
The feeling this share will drift back to the Morgan Stanley �1.75 expectation
"Predicting trouble from The ICO for DC - Company deleted CCTV footage of a disabled man being humiliated in Currys " I am disabled and if DC can get the share price back to 230p they can borrow my mobility scooter and reverse over the old fool's head.
I'm expecting a test of �2 before a pull back
Predicting trouble from The ICO for DC - Company deleted CCTV footage of a disabled man being humiliated in Currys and ignored 3 written Subject Access Requests under Data Protection Act- see @andycapjay on twitter. watch the link - Sebastian James - George Osborne (Ex MP) and BlackRock Investments. Alex Grahns City Analyst has the story as do LSE and FT. Case Ref: Currys CC3186182 - Dixons Legal Case Ref: 535306 - ICO Case Ref: RFA0658257 (found guilty) - Andrew Gwynne MP - Case Ref: 11037/Dec 16 - Shocking what's gone on - Katie Bickerstaffe Sebastian James and Humphry Singer all involved and now they've gone - I kid you not. This will be massive because the lengths they've gone to cover this up will be their Watergate - #CurrysGate
Morgan Stanley today reaffirms its equal weight investment rating on Dixons Carphone (LON:DC.) and cut its price target to 175p (from 190p).
Hmm....after the disaster last week...(thanks for announcing early) is all the kitchen sink news out of the way....will we see any more skeletons or is this onwards and upwards... yes a takeover approach would be appreciated...
Ha! I didn't open a short, not for any great insightful reason, merely I just didn't have the balls to do it! Thought about it long and hard and then bottled it. (Thank goodness) Maybe now is the time?!! Whilst it remains to be seen whether or not this is a DCB I pass on my sincere congratulations for those who invested after the big drops. I could never have predicted this bounce. Surprised to say the least. I'm going to help all of you holders / potential buyers by reiterating my Strong Sell stance as it seems to be working wonders for all of you. Well done to all of you that made money (balls of steel) and GL to everyone. If it's over �1.80 in a weeks time I will return to eat more humble pie.
Added on the pull back.
Exactly! Well this has been the easiest trade of the week. Might re-buy if it drops back to the low 180's. Apart from that all the best to all you LTH's out there. @Furrycoat maybe close that short? ;)
Hit 191. Let's get back up there
If Tescos ARE interested - NOW (at this depressed price) might be an ideal time to step in. Feel that it is probable that the companys future will be as part of a larger group! Synergies, shared (and lower) rentals, lower costs etc...
Sandbagging definetly I feel . Out of all the retailers they have performed at the top end over the last few years since the merger . The carphone piece is the issue as the core currys side of the business is strong . Although like most people still believe or think oversaturated on the high street with the number of costly retail units . Carphone closures welcomed but need more likely and also some 20% of currys estate still too close to other units . You just need to pop your postcode into the find your nearest store to see how many appear within reasonable travelling distance ( never mind being able to just buy online and get delivered quickly ) . If you own then hold I wouldn't be surprised if next year shows a delivery over the 300 million and he looks like he is delivering and a hero . Watch this space . Also it would be interesting to see if anyone aligned to the busines uses this as a buying opportunity when allowed .
....some of you managed to get out yesterday and take a few quid profits. £1.79 still a great sell price for this one.
"Why is it that every time someone takes over a succesful company they run the past down" Probably because (a) Dixons wasn't that successful. The operating profit has hovered between 2.7% and 3.4% for the last 4 years and that isn't very inspiring (b) Alex Baldock is (I hope) sandbagging. He is telling all and sundry that the previous management was rubbish in order to make himself look better when he finally manages to turn the company around. A bit cheeky but it won't do the share price any harm so all to the good.
I would agree with you a few months ago but things have gone full circle. Was going to buy the iphone 7 and go sim only. But mobiles.co.uk which DC own did it on a 2 year contract at just �23 a month with �110 upfront for 4 gig data and unlimited calls and texts with voda which is cheaper than even the best sim only prices. Went to CPW and they virtually laughed at me saying they could no way match itt and their best deal for that was over �35 a month indicative of some of the issues they have. The big money making days for mobiles are in the past now imo.
Agree GoingLaege. Pretty simple economics with this one. £1.85 is still an extraordinarily high share price for this company. Sell while you can IMO
I think most people have worked out that you are better off buying a handset and going sim only even if you pay for it on a credit card and pay interest. By way of example you can buy an iPhone 7 for £549 which is £22 per month ignoring interest charges and get a decent Sim only for £9. The same deal at car phone would cost £40+ a month. Even with interest you can save a lot. All their electrical goods are 10% more expensive than online. The average person is trying to make their money go further and so are looking at imaginative ways of saving money. Can see further falls in the share price
Why is it that every time someone takes over a succesful company they run the past down.Virtually every word contained in today's statement has the same theme.Making the profit for both this year and next that they are most probably makes them the most profitable electrical retailer in the country.Margins in the industry are far too low,hence the comment regarding installation and delivery costs.By running the past dow means that after this year there will most probably more bullish statemnts in the future and the bonuses will then kick in.I am a proud capitalist but these people should not get away with it.I purchased some shares to day as I believe it is a good buying opportunity and the dividend is good.
The share price dipped below �1.50 (from memory) after the profit warning in August last year. Less than 9 months later we have a second (even worse) warning. I have seen nothing in the (ridiculously bullish) statement from the boss this morning that gives cause for any investor to feel confident. Perfect storm of negative issues surround this company at the moment and the fact they have a huge retail presence is setting off even bigger alarm bells. If the price dipped to sub �1.50 last year there is no reason why we should not be heading considerably lower than this in the days and weeks ahead. The current price of �1.88 represents a huge opportunity to sell before things get much worse IMO. Sell.