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There is one thing that we both agree on - this SP is cheap. The 1234 process is all about saving money and clearing the debts. Yes there will be issues with any new system and yes DSGi are listening amd making improvements to it. I fully believe that this move is wise given the current market conditions and if they can make it more flexible, then they might have the winning formula for success which would gain massive market share as the competitors struggle with debt etc. Remember business's do not just reply on sales, they have to focus on both sales and costs. You can make more profit from reduced sales and lower costs. Costs are the main factor that close business's down and not the competition. DSGi have negotiated wth the banks secured finances for the next few years, also a successful RI back in April to revamp their stores coupled with improved cost controls can lead to one thing for this company - SUCCESS! Anyway GL to all and remember this may be a good time to top up while the SP is cheap!
Think it was 9 for 1 ratio but google it and you will find the info
For those that keep asking why this SP has dropped over the last few days - take a look at the market! The whole market has been dropping not just this SP! As soon as the market picks up again guess what???? Oh you are catching on yes it will go up again! I hope this has now removed the uncertainty from the investers who don't look at the big picture. (check Google Finance out for details) Sorry to the other investers who are in the know but I thought it best to enlighten some people.
IMHO this Share is a strong buy especially if you are in it for the long term like me. And yes we will have our ups and downs on the SP but overall it will go up!
It's to do with the stores having lower back up stock through their new replenishment system called 1234, however the reason why dsgi are doing this is to keep money in the bank. By reducing back up stock in stores (this is the stock that is slow moving) will save the company about £250m pa as this is equal to the amount that would have been sitting on shelves not selling fast enough. This amount of saving will look really good on the balance sheet and clear the debts. Hope this helps and I hope Morgan Stanley read this as well and maybe they would change their rating from under weight to heavy weight. I have missed equal weight out as I believe that this companies SP will go north and after Xmas who knows?. Remember that this SP used to be £12 a few years ago (I know that a recent RI would make this about £7 in value now) Hope this all helps. GL.
morgan stanley lowered its rating from equal weight to under weight. i personally think they are wrong as usual. so keeping my shares as this company will do well soon as i have already heard that stores are starting to beat last years figs. so maybe a good time to top up.
Alls shares are down not just this one, Shares will bounce back as they always do so might be a good time to buy some more while they are on the cheap.
The only problem with consolidation is that you have less shares and Dividend is paid out on the amount of shares you have. Consolidation is better for the company not for the share holders - thats why they do it.
well put mate
i agree mate - this admin error is disgracefull and does not shine good light on the company and thats why we have had a sell off this morning. i'm not happy and might now sell myself.
admin error on reports is not acceptable whatsoever - honesty and integrity is
Thats what a lot of investers will be thinking and maybe best to sell. This has done alot of harm to the company in my opinion (honesty and integrity mean alot to investers)
This SP will move up gradually over time so it is a great mid and long term investment. Wonder where we will be sitting in 3 years time?
Well done to the PDG'ers another good day.
I suggest you do some research mate, DSGi are investing big time to combat Best Buy's entrance. They have a transformation plan which is currently being rolled out to all its stores. They aquired £320m from a recent rights issue to re-invest in its stores transformation. So they are preparing big time!
good performance well done PDG
When r the next ones coming out?
got to move up soon because all the indicators are pointing north for it. we will watch and wait. GL all
there has been plenty of buys today but sp goes down? don't understand this.
when do dsgi report on their next set of results?