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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: 70.50
Bid: 70.50
Ask: 70.65
Change: 5.15 (7.88%)
Spread: 0.15 (0.213%)
Open: 68.90
High: 72.30
Low: 68.80
Prev. Close: 65.35
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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.

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19 Feb 2024 08:44

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TOP NEWS: JD.com mulls Currys takeover after retailer rebuffs Elliott

(Alliance News) - Currys PLC shares jumped on Monday, with Chinese e-commerce firm JD.com Inc the latest to throw its hat in the ring for a possible takeover of the consumer electronics retailer.

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19 Feb 2024 07:02

Elliott confirms bid approach for UK retailer Currys

(Sharecast News) - Shares in Currys surged more than 35% on Monday after US private equity firm Elliott Advisors and China ecommerce giant JD.com on Monday confirmed they were considering separate bids for struggling British electrical retailer.

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18 Feb 2024 23:26

Sunday newspaper round-up: Currys, Barclays, Homebuilders

(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph

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18 Feb 2024 16:24

TOP NEWS: Currys rejects GBP700 million takeover tilt from Elliott

(Alliance News) - Currys PLC said it rebuffed a takeover attempt from US activist investor Elliott Investment Management LP, believing the bid undervalues the electricals retailer.

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22 Jan 2024 09:10

LONDON BROKER RATINGS: Citi says 'buy' Segro; Barclays cuts Sage

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18 Jan 2024 17:16

UK equities rise on upbeat earnings, Watches of Switzerland slumps

Travel and leisure stocks hit near one-month high

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18 Jan 2024 15:14

London close: Stocks manage gains after deluge of updates

(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

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18 Jan 2024 10:38

Currys up as full year profit expected above consensus estimates

(Alliance News) - Curry's PLC shares rose on Thursday despite a "tough" festive period, after the group said it expects to deliver profit ahead of market expectations.

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18 Jan 2024 09:57

IN BRIEF: Frasers raises stake in online rival boohoo to 21%

boohoo Group PLC - Manchester-based online fashion retailer - Frasers Group PLC raises its share holding in boohoo to 21.5% as of Wednesday from 17.2%. Frasers is the Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains. Its holding in its smaller peer first passed the disclosure threshold of 5% in June last year, and it has increased this steadily since. Frasers, founded and still controlled by Mike Ashley, also has stakes in retailers AO World PLC at 23.1%, Asos PLC at 25.0%, and Currys PLC at 11.2%.

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18 Jan 2024 09:40

UK's Currys not expecting major impact from Red Sea disruption

LONDON, Jan 18 (Reuters) - British electricals retailer Currys is currently not anticipating a significant impact on both supplies and costs from disruption to shipping in the Red Sea, its boss said on Thursday.

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18 Jan 2024 07:38

Currys full-year profit to beat expectations

(Sharecast News) - Electricals retailer Currys said on Thursday that full-year profit was set to be ahead of consensus expectations despite reporting a drop in sales.

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18 Jan 2024 07:38

Currys full-year profit to beat expectations

(Sharecast News) - Electricals retailer Currys said on Thursday that full-year profit was set to be ahead of consensus expectations despite reporting a drop in sales.

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12 Jan 2024 11:04

CORRECT: UK earnings, trading statements calendar - next 7 days

(Removing S4 Capital PLC from the events calendar on January 17.)

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