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and cooling off now. Few p off to ~47.5 I reckon.
Hanging Man - loads of bulls appeared late in the session but increased selling pressure after 15 May low See if tomorrow brings further bearish confirmations.
EE said over a week ago they're reviewing their network. ... bank Hols across Europe. No buyers today and low vol across the board
That journalist only writes up sensationalism business relayes drivel: http://www.telegraph.co.uk/journalists/christopher-williams/ And it's not really news. Operators adopt an own store an distributor model. As if they'll pull out.
well the chart is looking pretty solid - again. since June 2013 i've looked at it 10+ times having tried to stab through 53, i'll probably sell this the tranche too when it gets close.
Good to know thanks. And agree Currys' website has less detail and lacking in warmth and fluffiness. As for AO.com, would people not first check it out in store? Do like the online reviews. I would but I am also a fussy bugger. I never buy anything online without first having seen it in real life.
Agreed Rusty. While the electronics market is commoditised and competitive, I believe the multi channel strategy and huge presence are going to reap benefits. More purchasing power etc. Trading statement was solid, nothing not to like there. One stop shops for all your electrical goods. I'm a huge subscriber to Internet of Things. On Thursday both CPW and DXNS edged higher but then the rubbish Euro GDP figures were released mid morning and the MCX crossed into negative with a bang. I don't believe the selling would have been near as heavy had it not been for the GDP figures. Only the usual back-of-a-packet-of-fags 'analysts' (I am using this term loosely), voiced their opinion. Suspect the quality analysts from bulge bracket houses will back up my first paragraph in the next few months. Same goes for one of my other holdings, TCG, had it not been for the GDP figures no way would it have suffered the ~12% drop.
It is oversold on Williams %R, still room to move down on RSI and MACD only just crossed signal but above zero line. Will not take much for it to pop below. Stochs also move to room down quite a bit more. It has already closed below support, we'll probably test Feb 4's low of 42.04.
Correct, it'll mid mid 40s before you know it.
Margins down over the year And where's the juicy prose about a strategic attack on competitors with carphone??
This is a technical bounce more than anything.
Seeing that Dunstone knows the game could possibly be up for his businss, he may be more user friendly and flexible so a deal can be hammered out. Also something in it for DXNS, tapping into mobile.
Based on?
Last Friday of the month and quarter. Loads of portfolios being rebalanced.
Extenstion is old news, that 1.3m buy at 14:13 shows some confidence in upside until then.
Another two months to hammer out a deal. Will trade sideways until then... LONDON--Electricals specialist Dixons Retail PLC (DXNS.LN) and cellphone retailer Carphone Warehouse Group PLC (CPW.LN) on Monday said the U.K. Takeover Panel had agreed to their request to extend the deadline for the conclusion of their merger talks. The companies, which started talks in February, said they need more time to evaluate the potential merger and that they now have until May 19 to decide whether or not they will merge. The previous deadline was March 24. "Discussions are still ongoing and there can be no certainty that a firm offer will be made," the companies said. Carphone Warehouse shares at 1009 GMT were down 12 pence, or 3.6%, at 327 pence, valuing the company at GBP1.88 billion ($3.1 billion). Dixons shares at 1010 GMT were down 0.48 pence, or 1%, at 49.1 pence valuing the company at GBP1.83 billion.
Moving to a better part of the underground shopping area. Near Goldsmiths and the many many lunch places. Also closer to Waitrose. Many more eyeballs to track the Currys/PC World branding.
IMO DXNS has the stronger brand, at least in the UK, and mobile/tablet is about the only product area they aren't strong in. But you'd need to look at a lot of internal & external factors, numbers, margins, stores, positioning strategy etc etc. I can see CPW has 2000 stores across Europe and DXNS 1154. That's a lot of stores to bash in the whole spectrum of electrical goods. What this comes down to is COST CUTTING. That's something that will increase margins for everyone involved and investors love increased margins yum yum.
"Britain's Takeover Panel will require the companies to announce by March 24 a firm intention to make an offer."
Hey that's what the charts were telling me Friday! Am pleased to be wrong on this occasion!