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sales fall-and its up ! wtf?
490
UK electricals and phones retailer Dixons Carphone has dialled up yet another good set of results as it prepares to mark its first year since it was created through a £3.7bn merger. The company, which was formed though the merger of the electricals chain Dixons and mobile phone retailer Carphone Warehouse, said it is expecting group profit before tax to be "slightly above" the top of end of a previously guided range between £355m and £375m, after like-for-like revenue grew 9 per cent in the fourth quarter. The fourth quarter performance marks another improvement on the nine weeks to January 3, when group like-for-like revenue was up by 7 per cent. Sebastian James, chief executive, said: Nearly a year into our merger, I am very pleased to be posting such a strong first full year trading statement for our combined Dixons Carphone Group. Good trading, driven by market share gain and by strong promotional periods - including Easter - coupled with successfully streamlining the Group's international assets, means that we are now guiding PBT to be slightly above the top end of our previously disclosed range for the full year. Prior to Wednesday's update analysts were forecasting full year revenue of £10.5bn and pre-tax profit of £367.3m, according to Bloomberg.
exceeded market expectations-profits are above market forcast
havent looked-sure it wasn't a UT ?
Perfectly poised. Hope the results are better than the city expects, Hope they increase the dividend, Hope the cost savings are better than Sebs expectations, Hope they announce a deal,or an unexpected tie up- Then we will touch £5 On a more somber note I've been following this share since 2009 and every time they announce results the Sp falls-lets hope this time it's different. Gla
astonishing-hate to think what would happen if the brokers downgraded the stock Is it only rmg that benefits from broker upgrades?
Think the Election result alleviated some tension in the markets-and started DC on it's current run.Seems to be little resistance at the moment-so think it will continue to climb-although this share has a habit of retracing the day after a decent climb.Three weeks before the results are due,is this a rise based upon expected results-which I believe will be very good,or just rising with the overall market?The resolution in Greece in the next two weeks could also cause a further rise,or fall dependant on the solution-and of course DC have business interests here. £5 is a realistic figure(according to the brokers),but still think we will arrive here pre christmas.£4.70 year high will be achieved I've no doubt-but something special will need to happen to push over £5 in the short term.I will be selling anywhere around £4.90 and taking some profits-but keeping some for the long term.A divi update in June would be useful,and if positive would push to £5 imho. All the best DYOR.
Amazing how a disposal or an acquisition drives the price.Hopefully we will not retrace-and will continue to build momentum to the results. Don't think the election will cause too much turbulence-and if it does it will recover-Greece and the eurozone seems to be going on and on-whatever the result, the impact on Dixon's will be negligible.Hoping for some unexpected good news in June-additional cost savings maybe?Can't understand why the apple watch is not being sold in our concession in Harrods?Think I'm right in the fact we have a premium brand in there?GLA
been long on this since 2010-and done well. Still have a large stake-but think the expectations are factored into the price. Don't think we will touch 500p until January 2016. Gla
there was an update I think In May last year-Will they give us the same this year prior to end of year numbers?
intersting article today-sp going to Erupt allegedly-Gla
starting to be a bit concerned-any views?
thanks
Anyone know when this is likely to come out?
Well that was almost as exciting as buying a sofa.
anyone buying in? Just placed a small investment -strong business ,strong model-great market share Any views?
im not so sure-whilst the performance will be solid for the next few years,-most of the news will be factored in. think something unexpected will have to happen to hit £5 maybe a disposal in Greece or acquisition. Think it will drift 440-460 range for some time.
thanks everyone-received it. Looks like the bottom was reached yesterday.Think we will have a steady rise now.