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appreciated Petwilkinson
Bonsai
Everyone I bought a few shares in this 2 years ago.Could you clarify if the business has completely gone or is in some state of administrative polarasis-and is there any hope or no hope of seeing any cash.
Thanks.
Agreed, share always drifts badly on no news.Will hit �1.50 when results come out.February,March will have hit the business very hard-on top of a cautious outlook this will take a tumble.Cant see any good news for the foreseeable future.New CEO needs to close stores and prepare for a Brexit exit that will deliver lower margins. GLA JMHO
I really can't see how the uncertainty currently surrounding DC can support the SP next week -Seb leaving literally hours before the results are due-irrespective of the new CEO being announced- cannot be a good sign. Hopefully the results expected have been factored in to the SP and will be in line with expectations-but I dread to think what will happen if a Carpet right scenario should play out. The new CEO faces some challenges-reworking CPW for one -too many stores, and the possibility of the big players pulling out (Like P4U) makes me nervous. Jon Browitt and Seb between them did one thing wrong in my view-they didn't close enough stores and DC are exposed to rent and payroll costs that can quickly get out of hand if margins are squeezed-which they are because of the Euro-and because of the fall in mobile revenue. It's plainly obvious the business will be more on-line focussed moving forward-expect store closure announcements in the near future. JMHI GLA
In short-yes
I worked for DC for 25 years-bought in heavily at 8p and sold at �4.64.I was there in 2008 when the shutters almost came down.I almost bought back in at �3.39-glad I didn't-now I am surely tempted at �1.50-but I have a number of concerns- (1) CPW is a highly profitable business-but if the same scenario as Phones for U occurs this business could close overnight.I cannot see why the providers still supply there phones to this middleman-seems an outdated model to me-when the contracts are due for renewal might dictate what happens. (2)Jon Browitt and then Seb reorganised the chains to combat the threat from Best Buy-opening huge stores and refurbishing the whole estate-at a huge cost.This for me was wasted cash as Best Buy never opened the 200 odd stores they had planned.DC have far too many stores-and need to close half the estate and develop the on-line business further.As the 18-24's become house buyers and renters they will shop on line in increasing numbers. They should look at B+Q -closing large stores and opening more profitable small ones(screw fix) (3)Brexit has hit the pound hard-most products are imported from Europe or the Far East-more expensive=lower margins-or increased retail cost. (4)There are signs the retail sector is struggling-not just the SP's but also the gloomy footfall numbers in October.Peak season this year will be tough-the comparative figures for last year are frighteningly good-and will be difficult to beat. (5) Dc was aways the first company to struggle in any down turn and is always the first to come out the other side-it's just started to struggle-it has a long way to go before it comes through. (6)Seb will go in the new year-they won't change it now-dangerously close to Peak season-but if the trade is down for peak he'll be gone in January.Then the restructuring of stores/closures etc will begin-this could spike the SP (7)The SP will float dangerously along with the sector -downwards- until we see an update-if it fall 1-2 points daily this is heading to becoming a penny share at Xmas. I'll go back in at <120p-on the understanding that the white/brown goods business is still profitable-but this profitability was driven by warranties side of things-and most people now realise this proposition isn't what it was- GLA-JMHI
Ftse booming! Lol
I got out of the markets in February-feeling apprehensive about the 'bite your nose off....' Vote we've just had and the turmoil this would cause. Sadly I was right to do so-and the idiots (Nigel and Boris) who are so smug at the moment-have literally walked away and left investors staring at huge losses- whilst they continue to be millionaires. Let's hope a legal challenge gets us back in.Dc is linked to Europe,not just in stores but also In currency exchange -linked to Asia through product and the Us through a acquisition/ merger-so is very exposed to just about everything-hence the fall-although a full sp correction is drastic.It will recover in time-and now is a great time to buy-but sadly it will take some considerable time to recover as the expected performance is factored in.Years in my opinion -Gla
Word.......what have they done.
Will cause the markets to 'correct'-this will be a very bumpy ride today-and will take some considerable time to recover. £3.80 is where I would put it. Gla
The markets will continue to slide-dependant on the rumours surrounding Brexit.If we stay in -the markets will bounce-and then settle and recover steadily-if we leave-think the markets will show a correction of -10% driven by the uncertainty. Then-dependant on the Governments response-it may stay there for some time-IMHO of course.I took all my holdings out back in February-glad I did.
http://recode.net/2016/02/29/sprint-decides-it-needs-500-more-stores-partners-with-uks-dixons/ Thought this might give the Sp a rise-if not then it will continue to drift backwards with the markets.Outside of this the SP is reflective of expectation-and will now move between 430 and 460.-imho-gla
Argos results were poor-this always has a negative effect on DC.The Markets generally are being hammered by China,the price of Oil and the Dollar. 500p was a fantastic price for DC.-driven by sentiment not fact.Now results are filtering through-there's some anxiety around Christmas trading generally-and IF Dc's results are what are expected. The share always drifts badly-downward-between statements.The results will be good.500p is a stretch to sustain.Unless Dc's efforts in America are positive-this share will settle around 470 post results.Good Buy Oppertunity.
Everywhere this morning
Will it hold it though?-the SP currently driven by speculation the update in Jan will be excellent.Of course it may well be.However I think shortly afterward the SP will drift backward and stay around the 480p mark. The American venture if accelerated may change this though-and £5 may then be the benchmark.GLA
Brokers-always seem to be behind the curve-either that or they keep quiet until the bull run has earned them some money.
Missed it!-have to sit and wait now!great to see the dividend news.
I think tomorrow might hold some nice surprises.The price has been dragged down recently by negative market sentiment,and by retailers such as Argos dropping the ball. I am expecting some unexpected news around America-probably the expansion will go ahead more aggressively than originally planned-Black Friday will have been a huge success story-and the run up to the sale will be eagerly anticipated and well planned.If your looking for 495p -It will probably spike early-and then fall back without reason in the afternoon-it's became almost a pattern over the last few years.I will be selling anywhere near 490 p-and now consider this share to be too expensive for me-and therefore will be selling my holding entirely-and moving back to penny shares.To all those in this share since 2011 at 10p-'haven't we done well and what a ride!' GLA and Merry Christmas.
It might fall back a little tomorrow-but the weekend will be positive for us-Steady climb to 490p next week - leading up to results in December-then £5 and hopefully it will stay there. Ao's results were disappointing-very brave of them to expand into Europe-not a share for me. GLA
Price today was a small correction-and some volatility felt around Isis activity-good stuff coming Gla