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The balance sheet now looks like a car crash!! Very badly run business.
Probably end up getting bought very cheap by SCS...
Having overheard the script being read to customers, I am suprised a notice to the market has not been issued.
An inability to fulfill orders, no matter the cause is surely going to cause cashflow issues?
Yes I think you are right about dividends and buy backs; not sure about shorting though. It will be interesting to see how markets react to news from made.com this morning. It is a sad indication of the state of the country and especially large retail items. It could however be seen as positive for DFS as a competitor.
They did share but backs and paid dividends when they should have been reducing their borrowings. This will not end well and they may need to re dilute and raise more working capital. Good share to short after the buy backs stop. Expect to this well below 100p within the next 9 months.
Company solid?? Have you seen the balance sheet, they are maxed out on bank facilities and 86 million in debt.. Stockopedia today say it's un investable...Fact.
I still think they are a solid prospect mid-longer term, company looks solid and dividend appears safe (for now). I think the price is reasonable at the moment, never a certainty where the bottom is, but I still think it will be a lot higher than current levels by the middle of next year. We are sitting at only 2p higher than pandemic crash levels, which is crazy for a business that is still making profit and paying a dividend. Easy still worth £1.80/ £2 minimum in the not too distant future. All in my opinion of course :)
With a drop of 13% , it's tempting to top up. At some stage this share will recover as economic sentiment improves - but could it go lower first?
If sales are strong pretty sure DFS are weighing up a strategic investment in Eve that suits both parties.
5 PROMISING TAKEOVER CANDIDATES IN BRITAIN
https://www.undervalued-shares.com/weekly-dispatches/5-promising-takeover-candidates-in-britain/aff/9/
https://uk.finance.yahoo.com/news/quality-value-positive-signs-dfs-075633648.html
Bought for Dividend recently, was a bit taken aback by the size of the Ex-div drop today, but with such a big payment that's to be expected. Keeping an eye on the chart now as SP is currently just above long-term support, if it bounces up off support between 174 - 186 then happy days, otherwise not a good sign for SP in the short term.
What do Shareholders think of DFS now getting into the bedroom market with the new EVE Sleep ready to go range of Which Award winning mattresses and bedframes? Definitely an expansion by DFS into other household areas?
Coming aboard
This his priced for their buying !!
Dont delay get in while mates rates
Slready hinted pay back for investors in march
Awash with cash apparently boom
If they are going to collect your own furnature, get them to deliver the new stuff first.
We ordered 3 seat + 1 seat with Sofology in July. We were not too bothered about the long lead time (global supply chain and all that).
We got the call 2 weeks ago to pay the balance and arrange old furnature collection and new furnature delivery.
So we paid the balance (£3k total order cost), the old sofa was collected and I waited in all day for the new sofa...
WHICH NEVER TURNED UP.
We've called them every day since the scheduled delivery last Tuesday and after 2 to 4 hours on hold they proimise to sort it but nothing happens. No calls returned. No revised delivery date.
From the investigation I have done, it appears that the warehouse & delivery is in disarray (possibly including workers committing fraud by removing barcodes and pretending to do the deliveries). Our delivery is most likely in the warehouse with its barcode removed and unable to be found in the massive warehouse.
From the comments on trustpilot, and social media, this problem appears to be widespread.
This is my personal experience as a customer. I am not and have never been an investor in this share.
Do you think this share will break clear into 300 as we definitely seem to be stuck on the line on this progressing?
Very nice
Well that was a surprise at the end anybody else here?
Nothing too surprising in today's update.
- Revenue and profit decreased due to coronavirus halting deliveries/in-store trading
- Recent trading significantly above last year as demand backlog/increase is met
- Company fully expects to recoup last year's missed revenue, with significant profit upswing this year
- Usual reminders that Brexit/macro-economics add unpredictability to next 12 months
I expect next quarter's trading update will feature blow-out numbers as large post-lockdown delivery volume will provide record breaking figures.
678k buy coming in late on Friday pushing the price up! Must know the results are looking good
I work for a big retailer (Not dfs) and have access to our sales, our furniture sales YOY are booming, another strong week typically 70% up. Speaking with the buyer they have never know anything like it and there’s no let up :)
My strategy is that with the easing on stamp duty, that more people will be moving in and out off houses and what's the one thing people do when they move into a new house (especially if it's their first)? Buy a new sofa.
I'm seeing a breakout from the recent downturn. Looks like she's going up. Can you tell I'm a chartist ;-)
This stock's price is primarily manipulated and managed by its major backers, so if they ain't buying it drifts, imo.
Anyone know why DFS is going down and not up? Sentiment seems to be dropping for some reason.