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With goverment loosing its battle on raising revenue,failing retailers maybe looking for ways out,some of which are becoming more like Amazon but will to go to enormous lenghts to protect thier M&S image .
A few random opinions I guess. The BB saga gave very little information about BB's skill as a retailer compared with Dixons, for the simple reason that it was always going to be very easy for Dixons to kill a handful of stores. Whatever BB did it was a simple matter for Dixons to do the necessary, with minimal impact on its business as a whole. One thing that does not say much for BB is that it had one opportunity to wrong foot Dixons, which was to have a killer online proposition. Dixons was weak on the web, and BB failed to capitalise on it. The price drop seems to me to reflect disappointment at the rather weedy prediction of £80m annual savings, on 11bn sales, from 2017 - it's years away, there will be costs in restructure, and it's only a forecast. That should be incidental - the co-operation on the 'internet of things' is still the big story. But if there was such an obvious mutual benefit, why not just do a deal, or set up a JV? No need to merge. Dunstone has consistently shown he is no mug, at least he made a turn on the Best Buy exercise even if he failed to predict that Dixons would kill it, without question. Seb James has vision, for sure, and Dixons has made real progress with customer service, delivery etc. But what is this internet of things? Cleverness doesn't equate to sales - customers need to perceive a benefit. I don't need my fridge to tell me I have no cheese, my washing machine hasn't missed a beat in 14 years so why do I need it to be connected? It's a solution looking for a problem. Does CPW really have the grip on connectiivity anyway? I sincerely hope the deal succeeds - but if it does, it will probably because of the value Dixons Carphone can create for suppliers, who do not want to be at the mercy of Amazon and the mobile networks. Good luck Dixons Carphone, this will be interesting to watch.
Any experts good at understanding candles and graphs ? Where do you see the bottom ? Thanks in advance !
also wish i could top up with more but like most got no spare cash :0(
Rustybucket yeah i agree but its only because everyone including me see it as a great investment at anything below 55p We all know where this will end and that is up! This share is for the mid to long term holders and great for day traders so good for all. ATB Bob
For what its worth. Crazy price. Anyone buying in here will make a lot of money. Not saying there is no more downside, but its limited. Plenty upside.
Just topped up ...
the day traders are playing this one pal but retail in general is being spanked today, my advice is to close your laptop and come back after Christmas but dont listen to my advice as Im on here daily
If you feel the market has got it wrong then buy buy buy, and make a killing when it realises what you already know.
I'm just completely "baffled" What did happen? -results Are ok - merger is good news, making Them stronger in The market - merger will also mean some possible synergies and savings. And still it goes straight down...? What have i missed?
Of which they owned 46% .. 325 million Euros (CPW RNS) .. still sp go down ..
Sounds like you don't need to know much to be a "Chief Market Analyst"! That is the most awful analysis I have seen. Maybe he should look at why BB were running back to the US with their tails between their legs before proclaiming them a better retailer. As Nestor said, maybe in the US, but not the UK.
"Dixons Carphone" have missed an opportunity for a rebrand for this "New retailer for a new digital age" that they are banging on about. When was the last time anyone ever bought a carphone!
Best Buy may be a good retailer in the US, but not in UK. They did not read the UK buying public right, and did not understand that we are more than "two nations separated by a common language" - we have a very different buying culture. That is why they failed here. Dixons is a very different business, and there is huge synergy between the two companies. See this as an opportunity!
And the bent brokers all buy buy buy ratings deciding over a pint that they have an excuse to sink it! Still folks there ain't no such thing as a dead cert!
Also I noticed none of the press drew any comparisons to the two in the weeks coming up to the announcement! Na they need some rubbish to write so they are writing it now. A comparison between a new fella opening up 6 shops might have been 8 or 9 shops but 6 rings a bell! It weren't many! And dixons! Utter joke to even compare the two! Let along conclude on definitive failure based on that alone. Anyway my rant is over!
Now there is not really a comparison to best buy and carphone and dixons and carphone. Dixons is an established British brand a market leader in the uk. Best buy "stormed!!!" The British market with 6 humongous shops!!! Try dixons 500+ shops! Market manipulation at its best the press are in on it with best buy none sense! All 6 shops next door to both currys and PC world shops I might add. Neither best buy or carphone had much of a clue. Dixons on the other hand and carphone have every clue! Nice to see the big buys buying in heavy at close of business! Carphone that is. Still they will be forced to pay a premium when it storms the ftse they have to by law buy and I have to sell!
I agree the hole thing is going down the ****ter
seen this all before few sellers and price did drop, BUT on upside profits up and merger going ahead so, me as a long term punter not too bother about SP dropping of a bit thats not to say i've goy money to lose and although i am not a big invester in dxns i still believe in the dxna and cpw as a merged company will do well on the downside over recent weeks i've needed a new TV and also bought a couple on Tablet i have a few investment and where i can i buy goods or services from those companies makes sense but either price or product has not been right at currys so had to shop else where so they need to get a grip with this also need to udercut and offer free and faster delivery on large items my view anyway for what it worth
On the second tier, Dixons Retail and Carphone Warehouse were both lower after revealing they have agreed on an all-share merger valuing the combined entity at £3.8bn. Michael Hewson, Chief Market Analyst at CMC, said that "today’s disappointing share price performance [indicates] that investors aren’t buying it, and to be honest neither do I". He continued: "Dixons revenues look set to remain fairly flat over the next three years at around £7.5bn, while profit estimates look optimistic, unless they pare down on costs. "As for Carphone Warehouse they’ve been down this road before with US electrical retailer Best Buy in 2008 and by 2011 Best Buy was packing its bags back to the US. Maybe the timing was bad with the financial crisis, but Best Buy is a much better retailer than Dixons, and the fact they couldn’t make that work doesn’t bode well for this particular merger." Notably, as a merger of equals, neither set of shareholders will receive a premium as they would do in an acquisition.
I've heard the new venture will be called Curry Warehouse............vindaloo probably as it's a pain in the butt when the SP goes down the pan :-(
Some things in life are bad They can really make you sad Other things just make you swear and curse When you're chewing on life's gristle Don't grumble, give a whistle And this'll help things turn out for the best... And... .always look on the bright side of life... Etc etc.
Lost for words !
You might as well sign your life away if you're going to rely on Google for. Prices. Actually closing price was 45.67