Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hope no one bought at 142
Washing machine row in Currys PC World leads to police callout, its on the BBC website. Just refund the man for goodness sake
I agree 100%
To be fair I think thats what they are trying to do, the merger is no more its finished cpw, whether it would have been with better management is a debate but there is no going back. Its now seen as a section of Dixons like Tvs, Gaming. The problem for dixons is when and if consumers say I dont need a new TV etc. Debt is at an all time level for consumers if a recession hits big questions will be asked. I looked at some old photos from the late 80s at the weekend. One of the things I noticed was the TV size, I said to the wife why the hell do we need tvs the size we have nowadays.
drop back
Not enough detail maybe wrong but all spin
I have to say I agree with Goldman they go on about not closing stores but didnt they have about 890 2/3 years ago. They do it on the quiet. They dont want the bad publicity, my local town lost a store not long ago they called it normal BAU, 890 to 600 etc is a big drop. They always say there wont be redundancy, the staff get offered other jobs but they took redundancy from my local store. I agree with his words at xmas about closures but what CEO would say it before key trading. I did read between the lines when he said mobile will see different proposition this year that meant we no longer need to keep stores open to hit volume numbers if not profitable they will go. Hence the other day the store in Bristol closing all staff offered new jobs poppy****. So they close a dixons and a carphone in Bristol two days ago where has everyone gone? They know most staff will take redundancy, especially and worryingly long service staff. This company will all be done online dont forget his background and through big box stores plus main stores dotted about in key places.
Companies fall and grow on customer service, poor customer service usually shows poor management from above which no one wins from, Big update in Jan, all we have heard so far is yes we are losing money but it was expected, debt is bigger than ever yet they are buying support with keeping the divi, need to see how they have turned the corner not just talked about it. I can see lots of stores closing in the next 6 months GLA
What makes you say that? most of the mobile business is through o2? From what I can see there is no more cpw. It may as well call it self dixons. The phone business shrinking by the year
Spot on, they are like betting shops in some places there are that many :) and we know where they are heading.
Dixons Carphone 'to cut jobs' roughly 150 going, more to come I am sure
I agree with Funkhouser I like the new advert at last a decent one!! However I cant see retail turning it around, 2 years to break even. Jesus he pushing the boat out there. CPW part of the business has just been run into the ground over the last 3/5 years and I dont see how the same people are going to turn it around. New CEO but on the ground I think its just the same teams they need full clear out. Yes he bought shares at 112 does that fill me with confidence, NO as he bought them the year before at 1.63.
Just read It's by invite only, goes off your e mail address but they sold 5000 plus already
Just had an e mail... buy a 10 quid voucher for 5 quid from Currys. ?? wow
We are closer to brexit than ever.car industry in a mess, retail in a mess, personal debt bigger than ever, construction industry slowing. Yet the ftse is near at record high. New companies making big losses than ever.
Hmmmm a strange one
Massive call from the board today must have been pre planned, it can go two ways one fight back begins or just like when you are trying to prop something up and this is begining of the end.
Everyone who bought in at this morning price though ... well done. GLA Cant understand how the stock markets are doing so well all around the world. DOW up again 200 plus points. Problems everywhere and there flying. wow
4k items not many are sold on a day to day basis if you think they are your sadly mistaken, they sell 12 items over 4k!!! So you buy how many tvs a year?
As for big boxes loading cars that may be true but its down 22% at 180 million.
Just read the BBC article on the business and see what people think about it, needs a complete image change
For a 4k plus item lol .... thats the problem all in one there.... How many 4k plus items do you think they sell. People hate going as they think they are being shafted at every turn. Revenue down 1% with 400 million extra coming from that credit line, pension deficit has grown again. Carphone will be turned round in 2 years, no chance they havent got anyone in that business who knows how to turn round a complicated business like Carphone. My local shop is closing but no mention of store closures. Smoke and daggers thats all we have heard today.