Member Info for Funkhouser

Peak update tomorrow.

This is critical as its the most important trading time for Currys and along with interest rates will probably set the trend for the year.

Need to close above 50p resistance really.

Yes while I agree they don't look expensive it showed real lack of confidence that it could not even hold above 50p.

Looking forward Thursday.

Due next Thursday.

Recent profit warning from update from MRK probably not helping.

Chart wise 50 support failed to hold.

Should be interesting.

Advertising agency want sacking.

Embarrassingly bad and totally not funny.

https://www.youtube.com/watch?v=lKaIJMU-qK0

Something looks seriously wrong here.

High yield and share dropping like a rock.

Does not usually end well.

Could weigh on the shares for a while.

Chart looks awful.

https://www.retail-insight-network.com/news/currys-esa-elkjop-investigation/

Starting to look interesting.
Probably affected by the Wickes news yesterday.
60p area is longer term chart support .
If you are prepared to tuck away for the long term drops like this have been good buying opportunities in the past.
Of course the risk is if there is a serious recession and they keep warning on sales they could fall much further.

Was also in electrical retail for many years.All the profits came from "add ons" like warrentys and accessories which all had very high margins.There was little or no profit in the products themselves.Online sales generated far lower returns from those areas.This could go much lower imo.

AO facing cash flow problems with insures cutting cover according to The Times.

Big support around 60p, maybe the results next week will get it there.

In the past drops like this have been good long term buying opportunities.

Still think they have issues though visiting stores most staff to be in the mobile phone area which seems odd as its been unprofitable.As said before think they are still paying for that disastrous merger.

Update should be interesting.

From the November trading update.

"We have put in place measures to mitigate the well-publicised supply chain disruption caused by industry-wide availability challenges "

I guess they didn't work so well as he blamed supply issues for their problems this peak.

Uk and Ireland peak sales were down vs 2 years ago and even more down vs last year .

Was that the real reason or was it something more serious/ long term.Time will tell

Although they do look cheap this has to be a concern imo.

Good luck.

On first read these figures look very strong.

Nice one looks like you got a good price certainly better then mine but I never get timing spot on!Agree this is defiantly not one for capital growth if you get it its a bonus!

Yes there seemed to be some shenanigans going on first thing with trades going through below 3.15.

Could not resist having a nibble here again.

In a world gone mad these look pretty solid and with a raised 7% dividend will sit well in my income portfolio.Don't expect much capital growth.(I own S&P tracker for that)

Also like the fact that these seem less affected by market volatility in the event of a correction/crash although obviously they would still be affected.

While the update was good it needed to be don't forget the shares have increased 50% in 6 months and the market price is more based on the outlook rather than the present.Over the lockdown most people have had lots of free money that would have been spent on holidays, and going out, (have you tried to get a tradesman recently?) this has without a doubt benefited DC.How things will pan out post lockdown when peoples spending priorities change again we don't yet know.Its fairly priced imo.

Sorry Mark missed it, however just read they had £34m worth of business relief thats a fair amount of the £95m profit.

Stunning results considering stores closed for so long.

The problem is nearly everyone expected it.

Not sure what the future is for mobile as it looks a mess there USP in the past has been impartial instore advice over all networks but with Three,02 and EE now dropped they obviously can no longer offer that and the last time I looked at mobile.co.uk which they own and I have previously used and liked it seemed to have lost its way as nearly every deal was one of those awful cashback offers.In the future I think more and more people will cut out the "middle man" and buy from networks direct.

I still worry about the size of their physical estate though particularly when we get through this and they have the full cost of running stores with so many sales online.

Be interesting to see what comes out at the Conference call.

I hear this again and again about poor instore service but from what I hear sales are flying.On mobiles when I have bought twice in the last 2 years they could not match online.Mobiles are the ideal product to buy online you don't really need to see a handset anymore they are all much of a likeness.This probably explains why the department is non profitable.

Got a rec on Questor.

To me the massive physical store presence is still a concern moving forward as is the declining customer service,Every post they put on social media gets a long list of bad reviews and trustpilot is the same.Compare this with AO.

https://www.telegraph.co.uk/investing/shares/questor-dixons-carphone-misunderstood-undervalued-buy/

Embarrassing to say the least for a PC retailer.You would think they had time to test their systems they knew demand would be huge.Yet more bad publicity on a day they should have been all over the press in a positive way.Just as well trade appears to be strong!
https://www.eurogamer.net/articles/2020-11-19-currys-calls-off-ps5-launch-after-accidentally-selling-consoles-early
https://www.birminghammail.co.uk/whats-on/shopping/ps5-fans-furious-currys-pc-19307013