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Pin to quick picksCurrys Share News (CURY)

Share Price Information for Currys (CURY)

London Stock Exchange
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Share Price: 70.95
Bid: 70.15
Ask: 70.55
Change: 0.45 (0.64%)
Spread: 0.40 (0.57%)
Open: 69.85
High: 71.75
Low: 69.35
Prev. Close: 70.50
CURY Live PriceLast checked at -

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Sunday share tips: Jersey Oil&Gas, Currys

Sun, 30th Apr 2023 15:38

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended investors buy shares of Jersey Oil&Gas

Focused on the North Sea Buchan field and others in the area, the outfit was in the process of finding investors to help finance the former.

Earlier in April it clinched a deal with NEO Energy, which is backed by a £7bn Norwegian investment firm and which took a 50% stake in the Buchan field.

Jersey is now looking to find investors to whom to sell another 30% interest in the field.

The field was estimated to hold nearly 100m barrels of oil or some 30,000 barrels a day worth of crude oil production.

"Hopes are high, as the field is well known and several North Sea operators have already expressed their interest," Midas said.

The company also stood to benefit from government subsidies for investments in the North Sea which could allow it to skirt the existing energy levy thanks to a substantial tax break.

Furthermore, new oil supplies were expected to fall dramatically over the next decade, while consumption was not expected to do the same, Midas pointed out.

"With decades of experience and a clear plan for the future, [Jersey Oil&Gas boos, Andrew] Benitz, should deliver results. At £2.45, JOG is a buy."

Shares of Currys may be a bargain at current levels, the Sunday Times's Lucy Tobin said.

The shares halved in value at the onset of the Covid-19 pandemic as part of the market bet against its future. They had since kept on falling.

But the electrical goods retailer had reduced its debt pile by nearly two-thirds and the shares were trading a third cheaper than its historic levels.

And its upcoming trading update might deliver a pleasant surprise, she said.

Its UK business had seen its gross margins grow thanks to increased sales of its service add-ons, including credit, insurance and repairs.

Management had also slashed £300m from its costs thanks to improvements in its supply chains and IT systems.

According to Liberum analyst, Adam Tomlinson, that could stand the company in good stead once consumer confidence grew and sales began to improve.

Pessimism around its Nordic operations may also be excessive, Tomlinson said.

More News
11 Mar 2024 08:38

TOP NEWS: Elliot Advisors pulls out of the running to buy Currys

(Alliance News) - Shares in Currys PLC slumped on Monday after Elliott Advisors UK said it does not intend to make a bid for the London-based consumer electronics retailer.

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11 Mar 2024 07:45

LONDON BRIEFING: Currys suitor rules out bid; Vanquis warns on 2024

(Alliance News) - Stocks in London are called to open lower on Monday, in a nervy start to the week ahead of US inflation data due on Tuesday.

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11 Mar 2024 07:03

Elliott pulls from Currys takeover talks

(Sharecast News) - Shares in Currys slumped on Monday as US private equity firm Elliott Advisors pulled from the race to take over the UK electrical retailer after "multiple attempts" to discuss an offer were rebuffed.

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8 Mar 2024 15:02

London close: Stocks mixed as US payrolls paint varied picture

(Sharecast News) - London markets ended the trading session on a mixed note on Friday, as investors digested a faster-than-expected rise in non-farm payrolls in the US.

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8 Mar 2024 08:42

Currys gets Greek competition approval for Kotsovolos disposal

(Alliance News) - Currys PLC on Friday said Public Power Corp SA received unconditional approval from the Greek competition authority to purchase Dixons South East Europe AEVE from Currys

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8 Mar 2024 07:02

Currys gets green light for sale of Greek business

(Sharecast News) - Currys said regulators had approved the sale of its Greek and Cypriot retail business Kotsovolos to Public Power Corporation for an enterprise value of €200m (£175m).

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5 Mar 2024 14:29

Currys should seek GBP1 billion takeover deal — shareholder

(Alliance News) - Currys PLC should hold out for an offer of around GBP1 billion amid the tech retailer's ongoing takeover saga, an investor in the firm has said.

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5 Mar 2024 14:24

JO Hambro fund urges Currys to accept £1bn takeover valuation

(Sharecast News) - A shareholder of Currys was urging the company to seriously consider a takeover bid valuing the electricals retailer at over £1bn, it emerged on Tuesday.

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27 Feb 2024 16:05

London close: Stocks little changed as investors look to US data

(Sharecast News) - London's equity markets closed with a subdued performance on Tuesday, after a mixed but largely flat session trend as investors exercised caution ahead of US inflation figures later in the week.

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27 Feb 2024 14:29

Currys rejects second takeover tilt by Elliott Investment Management

(Alliance News) - Currys PLC on Tuesday said it rejected an upgraded takeover offer from activist investor Elliott Investment Management LP.

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27 Feb 2024 11:42

Elliott Advisors said to have sweetened offer for Currys to £750m

(Sharecast News) - Investment firm Elliott Advisors has reportedly returned with a second offer for electricals retailer Currys amid investor hopes of a rare bidding war for a London-listed company.

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27 Feb 2024 11:42

Elliott Advisors said to have sweetened offer for Currys to £750m

(Sharecast News) - Currys confirmed on Tuesday that it had received and rejected a sweetened takeover approach from US investment firm Elliott Advisors.

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23 Feb 2024 09:27

Frasers Group continues investment spree with increased Hornby stake

(Alliance News) - Shares in Hornby PLC shot up on Friday, after the company announced Frasers Group PLC has upped its stake in the company, the Sports Direct owner's latest target in its retail sector investment frenzy.

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19 Feb 2024 16:51

LONDON MARKET CLOSE: Europe lacks direction on quiet Monday

(Alliance News) - European markets lacked direction on Monday, after a quiet day as the US markets celebrated George Washington's birthday.

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19 Feb 2024 15:59

London close: Stocks manage gains on globally quiet day

(Sharecast News) - London's financial markets finished in positive territory on Monday, with stocks closing in the green after overcoming minor losses earlier in the session.

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