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Started: Metamorphosis84, 6 Dec 2022 17:59
Last post: Peakybinder, 17 Mar 2023 08:31
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?
Started: Scarfell, 15 Sep 2022 09:45
Last post: Scarfell, 23 Sep 2022 08:50
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?
Started: Dontgiveup123, 24 Feb 2022 11:08
Last post: VernetLes, 6 Jul 2022 21:06
If sales are strong pretty sure DFS are weighing up a strategic investment in Eve that suits both parties.
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?
Started: Newport1, 31 May 2022 13:46
Last post: Newport1, 31 May 2022 13:46
5 PROMISING TAKEOVER CANDIDATES IN BRITAIN
https://www.undervalued-shares.com/weekly-dispatches/5-promising-takeover-candidates-in-britain/aff/9/
Started: 2phevs, 18 May 2022 15:36
Last post: 2phevs, 18 May 2022 15:36
Started: 2phevs, 14 May 2022 23:12
Last post: 2phevs, 14 May 2022 23:12
Started: Teeb, 7 Apr 2022 17:06
Last post: Teeb, 7 Apr 2022 17:06
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.
Started: arsenal58, 9 Feb 2022 11:02
Last post: arsenal58, 9 Feb 2022 11:02
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
Started: Dafis1, 18 Nov 2017 15:03
Last post: CheadleBiker, 14 Dec 2021 18:29
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.
My attitude towards this share having been a holder for sometime, perhaps too long, is now drawing to a close. I became a customer in early September and ordered three items, a three seat sofa, two seater and footstool. It will be eleven weeks since the order was placed this coming Tuesday. Well past the promised six weeks and my patience is running out as both a share holder and customer. Little wonder the SP has been in decline if they can�t fulfil a simple order, make the promised update phone calls or even update �track my order� online, which still shows and earlier promise of 30 October. All well and good having TV adverts promising delivery in time for Christmas, this company is a joke all round and I�ll invest elsewhere. It just doesn�t seem to have much of a future.
Last post: MrRhino, 14 Jun 2021 14:38
Do you think this share will break clear into 300 as we definitely seem to be stuck on the line on this progressing?
Started: KoR_Wraith, 24 Sep 2020 14:40
Last post: HereKittyKitty, 10 Jun 2021 09:49
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.
Last post: macmac133, 20 Sep 2020 21:23
678k buy coming in late on Friday pushing the price up! Must know the results are looking good
Started: maka4tune2012, 11 Aug 2020 15:34
Last post: Mr.B.Mr.B, 4 Sep 2020 22:47
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.
Started: maka4tune2012, 9 Jul 2020 13:08
Last post: DogBag-Investor, 29 Jul 2020 10:51
I'm seeing a breakout from the recent downturn. Looks like she's going up. Can you tell I'm a chartist ;-)
Started: maka4tune2012, 8 Jul 2020 11:29
Last post: cxs1, 8 Jul 2020 14:13
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.
4 days of significant drops in wider market, across most sectors with significant gap downs, but DFS doesn't move, seems it's backers set auction prices protecting it and themselves.
Laughable City shenanigans...wow, they got the 20% extra placed away after close at a 20% premium and despite stores all closed for foreseeable...nice work chaps.
Inevitable City driven funding (debt) bounce before 20pc equity issue. Still can't ant get 2 man delivery teams into private houses, tricky. Chinese supply chain resellers may not be UK flavour of the month going forward either..
30% off sale today! Looking more reasonable @115p..
Profits were down before Corona virus effects on retail activity are taken into account. Still looks expensive at 177p.
Started: ConnorCampbell, 13 Mar 2019 13:28
Last post: ConnorCampbell, 13 Mar 2019 13:28
Will investors need to take a seat following DFS Furniture’s half year results on Thursday?
Despite some very healthy figure, in January DFS said that it remains ‘cautious’ around its full year outlook, the company ‘mindful of the broader political and economic uncertainty and the further risk this may pose to consumer confidence’, alongside the potential impact on leads times for the made-to-order products it sources from overseas.
Clearly DFS is very keen to manage investors’ expectations, so it’ll be interesting to see what kind of tone the company strikes on Thursday. As for pre-tax profit, any kind of improvement on the economic anxiety and heatwave hit full year figures will be welcome.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=388273
Sales up 10pc , maintaining profit expectation, but the CFO is leaving. Seen a rise here from Dec's 180 lows (particulatly since Dunelm reported) and prior to this news, so hoping for a further jump back up today..
Started: n1shares, 4 Oct 2018 12:39
Last post: cxs1, 15 Oct 2018 06:58
Yes the bounce up was rapid from 190s, quite impressive. I previously held these from around 175p though which seemed like a value purchase back then, but sold out in 240s concerned about the p/e. Subsequently the persistent weather related news, too cold then too hot..its just not a concern for online retail business models, and frankly it's wearing a little thin. I like the acquisitions the business has made & strong brands but ultimately the falling profits I see as due to particular susceptibility to a weakening macro environment so wary of the fairly high valuation here.
CXS1 I think you are wrong.The retail volumes are growing,what the problem is that the price paid for products have not been going up due to competition while costs have.
I thought the results were not that bad considering most of the drop in profits were due to expanding the group.
Furniture is one area that was impacted by the hot weather and they are now recouping some of the lost sales as well as a hold up of some of their deliveries.Although the share price fell it soon bounced back up as it is very good value at these prices
Poor trading fourth quarter, blamed on the heatwave. Can't have helped but these on going profit drops confirm the significant retail downtrend. Div of 7.5p maintained this year, but looks increasingly precarious.
Started: Foxykiwi, 19 Jan 2018 11:13
Last post: Foxykiwi, 19 Jan 2018 11:13
If carpets were this bad today, then think sofas will be very very bad
Started: n1shares, 7 Dec 2017 12:46
Last post: n1shares, 7 Dec 2017 12:46
Looking at the share price today it does not seem to have taken a big hit by going ex dividend.Looking that directors bought last week it seems that the shares are very good value at the moment .Their stores are busy and their strategy seems right.I think that there will soon be a large increase.
Started: 787-800, 23 Nov 2017 18:40
Last post: Andyagogo, 24 Nov 2017 19:29
It's multiple directors buying. And I followed today. Held DFS over a number of years previously, remember the original floation well. Have been biding my time, waiting for an opportunity to buy back in.
I believe this is a strong buy now with director deals going through. I have ordered in the past and had a great experience and they have good quality products. Yes i agree they sometimes don't fulfil orders on time and its not a good imagine to portray but hopefully this will improve since the share price drop and profit drop hopefully they understood they had to do things differently.
Started: n1shares, 9 Oct 2017 12:59
Last post: Andyagogo, 24 Nov 2017 19:22
Poole, with respect you may be confusing revenue with profit, which can be very different!. We have seen this week's sector news, it's a competitive market and DFS are still here and thriving for a good reason.
If someone asked you to put your your head in the oven would you do so.The furniture industry is very competitive and companies go bust very often.So just because someone is selling cheaper does not mean you should bur from them as they might not be in business next year. I have been impressed with DFS for a number of years and bought shares this year as I fell they are doing all the right things by using their spare space for Dwell and this will give their stores more footfall and increase their exposure in the future.I think their share are at a low price at the moment and will only go up.
Started: n1shares, 23 Nov 2017 18:50
Last post: n1shares, 23 Nov 2017 18:50
I agree that this share is a strong buy.Whenever I go in they seem to be busy.Their strategy seems correct by opening dwell branches in their main stores as there can be so much cross selling.Only last year my son bought from both stores in separate locations and they could have lost him.This way you can nearly furnish the entire home.It also increases footfall as only having very large items means that people on visit your store when they need something big.Very strong buy as I still cannot understand why it has fallen so much recently.Also big dividend coming up