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lat chance to board the train!
Would be a good foundation, for a potential gap up tomorrow.
If you use the compare share function on this site you can see that apart from a blip at the announcement the share price of both companies has moved pretty much the same amount.
Your wrong. Since 21st Feb when merger speculation started till today's date, both have climbed approx 7%.
The big investors bet on the future. interim results only being a guide to future prospects. Probably the sale of electrical items is partly tied to the housing market, as well as the general sense of economic well-being. Housing is looking good at least til 2015, wages in the private sector are increasing, unemployment is down. Without ramping I can't see why SP this shouldn't be on the way up. Just a guess but I'm hoping for 52.5 tomorrow. GL all.
I think we may get some clues to the degree of positivity in all of tomorrows news by todays share price movement. It will disappoint me if we do not see 55p this week and today could help that objective on its way. GLA
In all this talk about the merger, don't forget news today that retail sales were the highest they've been for two years especially on big ticket household items; probably on the back of a feelgood factor stemming from rising house prices. No specific mention of electrical goods I could see but I guess where three-piece suites go, fridges are sure to follow. Seems like there is a real prospect of rising sales and profits.; and the CPW merger will help them stay ahead of the curve. GL for Thursday.
% don't calculate the same, CPH has climbed far higher than Dix. CPH +20% while DIx around 3% If Dix was +20% we would be rubbing our hands !
Agreed
That is very misleading. CPW shares are at a much higher price than DXNS so while we may have only moved up 3p and CPW 50p. The change in % probably ends up just the same. And its the change in % which counts not the change in £p.
Up 8p in two days again while we do nothing. Since the merger news CPH has increased +50p, we have moved 3p !
Two million shares bought after 16.30 today, I'm a newcomer here but hopefully that's good news for tomorrow. Times analysis suggests the merger may be a better deal for DXNS than CFW.
I would not expect this share to climb above 55p unless the new joint venue pays a Div.
That is great. I wouldn't be very happy even though it would also be a circa 100% gain on my overall holding.
A rise to 55 would be a 12% gain on my recent purchase, I'd be very happy with that .
Guys - I feel the merger going ahead is pretty much factored into the price of 50p at the moment. Confirmation and results can give it a push but for some reason I do not see it going much further than 55p. Lets hope I am proved wrong.
Business section of the Times today reported that the merger will be announced this Thursday, as it has been leaked by both sides although sounded out a warning that it was a defensive measure to protect both Companies in markets which are difficult to grow. I see the SP rising but do not have a real feel by how much.
Its going to be an exciting week ahead for all of us ATB Bob
Confirms Bri 123 statement. Thursday announcement looks fairly certain. Finally a very good reason to wake up and watch this share rise before the weekend. To what level? I will not hazard a guess but I am happy that I am still a substantial holder of this stock. It has been a very testing few months but it looks as if we are on the home run.
Could it be the only way they will be able to compete with likes of JL is by adopting Amazon working practices ,has this begun ,does anyone know ,what will be the effect of this on the company .um .
great research mate and thanks for posting, Bob
Will be interesting to see the Share price next weekend, in a month and at Christmas - predictions? it all sounds positive for both of us. Announcement of the merger is expected on Thursday, when Dixons updates the City on its fourth-quarter trading. Both Dixons and Carphone Warehouse declined to comment. Analysts at Exane BNP Paribas forecast up to £100m of savings from the combination. Some stores are expected to come under review, although the prospect of closures is likely to be limited by the fact that Carphone stores are primarily located in town centres, while Dixons’ are mainly in out-of-town retail parks. There is also expected to be an opportunity for job creation as Carphone shops are put into every Dixons store. Dixons’ agreement with Phones4U ends in May next year, and it is expected that some employees could transfer to Carphone.
Analysts say this brave new world is within touching distance and its axis is the smartphone, which will become "the remote control for your life". That, at least, is the rationale for the tie-up between Dixons and Carphone Warehouse. They are expected to confirm details of a £3.5bn merger next week, forging a new high street alliance to cash in on the so-called Internet of Things (IoT). The IoT refers to the trend of connecting everyday items such as phones, fridges and boilers to the internet so they can be "smarter". Tech group Cisco Systems thinks the IoT could be worth $14.4tn (£8.5tn) by 2020 when 50bn objects will be connected to the internet. While the IoT offers jam tomorrow, insiders say replacing Phones 4U concessions in Dixons' PC World and Curry's stores will provide an instant fillip. With more than 1,200 stores in Britain, costs can be cut by pooling headquarters – both companies have head offices in south-east England, each with annual running costs of £15m-20m. "The IoT is the uber-trend if you like," said one senior industry figure with knowledge of the deal. "But in the short-term there is a lot they (Dixons and Carphone) can do. In the world of consumer electronics retailing mobile phones is a big and profitable category. http://www.theguardian.com/business/2014/may/09/dixons-carphone-warehouse-merger-internet-of-things
Excellent , thanks for the clarification. I will hold for now then and see what the merger brings.
ref 60p - we are talking about a value based on current SP. When the merger goes ahead then the SP will be completely different and we can only then compare growth or decline based on the new SP value so 60p wont be in scope. Hope this helps. ATB, Bob