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Yeah, Tesco going for DC is very appealing and makes sense if they are to survive Sainsburys, Asda and Argos onslaught!!! I am all in now. Here is hoping.
Yes the Sainsburys merger highlights what a jewel Dixons is. How many retailers can boast annual profits of �350 million? When Sainsburys bought Argos, Argos was in dire shape and the short sellers were all over it. The point being that Sainsburys recognised its value, so what price might a successful retailer like Dixons Carphone command? Now that Tesco have returned to profit expansion must be in their sights. With the 4th Currys shop in Tescos opening in Wrexham this month, the attractiveness of Dixons as a target must be becoming clear. With Tesco's vast estate of stores the cost savings would be colossal. Other considerations, Alex Baldock is the king of the internet and no doubt we will see a vastly improved internet offer, plus an aggressive store closure programme is rumoured. Baldock is also a financial king pin so hopefullty we'll see a more meaningful contribution from Carphone when better financing options are launched to combat the churn of pay monthly subscrivers switching to SIM only deals..
Supercharger - YES ! (lol) see post -'re Takeover' 11th Nov '17.
Has anyone thought if Sainsbury bought Argos, will Tesco be looking for a established electrical retailer to balance the expansion? By all accounts Dixons looks cheap for what it offers.
Yes - if any encouraging news about trading has filtered out that could explain it (up a clear 6% -as Davielad says) ; Iv always thought that DC. is vulnerable to some predator at the recent subdued SP levels. I made an early sale (shortly after the market opened) of just a few thousand shares at 213.8; wonder if Im going to regret it. ! If it can hold this sort of price to the close - the share looks exceptional on the chart.
Yes that's true, ...the SP is still rising so something is afoot!......in any event the PE ratio is about 10, and the yield about 6%, so it is a pretty attractive return as an income investment
We are a �2.5B business currently so any profit near to �350-�400m would be amazing for business of our type and some positive news on CPW business would be cherry on the cake! Here is hoping.
I wonder what the explanation is?.... The SP is up nearly 6%, ..... The financial year ended on 29/4/18.....are the results expected to be strong, hence the rise today?
Breached 205 and now near 215!!
There seemed to be potential resistance around 205/207 level - but we seem to have breached that; need solid , positive day today to confirm this; then looking very good on chart. Pleased that management changes appear to have engendered new life into the company; we all know CPW is under pressure - but remember it is not a major 'contributor' at this stage anyway. Things looking generally positive . June results, of course, crucial. (not a major holder now!).
Doing well...new management breathing life back into the business....onwards and upwards to the June results....lets hope these arent as horrific as other retailers e.g Debenhams or Carpetright
Some of the (no longer employed) senior management have been asleep at the wheel with cpw,the days of hugely profitable 2 year contracts have gone forever,they need to learn from their own mobiles.co.uk division and offer much more competitive contract and sim only deals which in fairness they do seem to be moving towards recently.
IMO, CPW is valued at 0 in the current DC share price. With many retailers going in admin...DC is in great position! Final profits in the region of �350-375m would put SP in a pretty good position.
Massive change of senior management, particularly Kate Bickerstaffe who was apparently very well respected in the company and seen as being there for a long time. But maybe thats the problem everyone a bit to comfortable,needed a shake up. All the board members who were there when the carphone tie up took place have now moved on.
https://www.independent.ie/business/irish/dixons-returns-to-profit-after-79m-gain-36750792.html Good news for this division...can this be replicated in the UK....I see no reason why not.. Yes retail market is on its knees in the UK but look at the rubbish retailers going to the wall....the writing was on it for years...also everyone making comments about Carphone...this is just a small area of the business...which is truly pan European...and these are displaying green shoots of recovery....still bullish and think we'll be back above �2 and above �2.50 in 12 months..all IMHO
Agreed, share always drifts badly on no news.Will hit �1.50 when results come out.February,March will have hit the business very hard-on top of a cautious outlook this will take a tumble.Cant see any good news for the foreseeable future.New CEO needs to close stores and prepare for a Brexit exit that will deliver lower margins. GLA JMHO
Struggling retailers have lowered the sector, with announcements from Carpet Right, Moss Bros, Kingfisher, New Look, Maplins, Laura Ashley and ToysRus to name a few. It was only a month or so ago we posted positive results and shot over �2, and now we fall back around 15% on no news. We even experienced a growth in retail sales for February, but no doubt the Beast from East dampened March. For now retail sentiment remains low, I hate to say it but can see this falling further.
DC's shares are currently among the FTSE's top ten losers. To be honest I don't think that I can afford any more good news about this company.
Apologies just notice you were aware
Which is owned by dixons carphone
Yes from mobiles.co.uk very good service.
So did you buy one then?
So did you buy one then?