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I had it at approx. 44p but you never now when good news is coming out!
Ok - whats going on here?
Consider another long at ~44....
light offloading of shares, equates to 0.1141%. hardly worth a mention.
That's why it's a cyclical stock...
Keeps bouncing off it, JUST managing to stay on the right side. This has got to be the dullest share out there at the moment. That's retail for you though.
If 42.50 is broken it's out of safety area.
Yes it has taken a beating but as it is profit taking, who knows where the bottom is. These 'fake' spikes don't say much and macd can linger below signal for as long as it likes. resistance is now a lot lower so it'll take a lot for it to recover. i think it'll drift sideways, 43-45p for the next few months
if my iii L2 was working (they're showing auction prices, charts are stuffed) i'd tell you...
thanks mate. i know that and it's even worse than iii....
i am using iii, pile of sh!te. is LSE L2 any good?
Now sitting quite far below moving averages. L2 has been shot for weeks and high 30s coming into play soon if selling isn't reversed. Hopefully this is cheap enough for cash to come back in. Short interest only 2.77% so some serious profit taking going on.
the CEO's cautious outlook coupled with tough competition in 4Q may temper any enthusiasm in the near term but the below numbers released in Dec and Jan make me increasingly confident that DXNS will outperform in 2014. UK LFLs were up 5% above consensus at +3.5%. Northern Europe LFLs up 2% in line with consensus. Greek LFLs down 8% ahead of consensus at -10%. 3Q Group gross margin was down 50bps with an improving trend in N. Europe. Overall 3Q results are reassuring for the long term prospects of DXNS.
Diary is bare... 15 MAY 2014 Full year trading statement 2013 just offered total voting rights RNS in Q1 and part Q2....
An excuse to take profits. Delivered almost 77% in 2013. The new cash will flow in soon.
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Note the last paragraph. And remember, the stock market is a mechanism for moving money from the impatient to the patient. There is little doubting Dixons' recovery remains on track, even if this has been somewhat tempered by a cautious outlook on the final quarter of its trading year. The internet led channel continues to grow apace, whilst the previously announced strategic disposals help clear the deck for a stronger focus on growth. Alongside this, the company has kept a tight rein on costs and the success of the Christmas trading period is testament to a number of pricing and service objectives coming to fruition. Set against these strengths, the company expects the fourth quarter to take some of the shine from the overall annual performance, whilst competition in its space remains famously competitive. The lack of a dividend remains a detraction from the investment case and the ongoing pressure on margins will need to be monitored. Even so, the picture in general is bright, and the shares have reacted accordingly. Over the last year the price has risen 85%, as compared to a 28% hike for the wider FTSE250, although it remains a considerable way off its historic high of over 220p. The general belief is that Dixons' progress can be maintained, with the market consensus coming in at a strong buy.
also doesn't help Best Buy in the US is down almost 30% in pre trading. bad for electronics retailers. i am not selling anyway. run up to low 50s by may seems possible
dxns' outlook is negative... now that comet's marketshare is absorbed, where to next..?
Bump in the road, whole retail sector sentiment is a bit shot. in May when dxns releases actual numbers we will reap the benefits. it'll shift sideways until then and up ahead of results