Member Info for QBArtist

"The Board concluded that a period of three years was appropriate for this assessment as it is consistent with the period of focus of the annual strategic plan and reflects a period of greater certainty over forecasting assumptions. The strategic plan considers the forecast revenue, EBITDA, working capital, cash flows and funding requirements on a business by business basis as well as the available borrowing facilities to the Group over the assessment period and the financial covenants to which those facilities need to comply. The strategic plan has been subject to robust stress-testing, modelling the impact of a combination of severe but plausible adverse scenarios based on those principal risks facing the group. Examples include the impact of regulation or information security incidents and reduced forecast profitability and cash flow as a result in a significant change in consumer behaviour. The model assumes no further funding facilities are required over and above those currently committed to the Group as disclosed in note 18 to the Annual Report and Accounts. Based on the results of this analysis, the Directors have an expectation that the Company will be able to continue in operation and meet its liabilities as they fall due over the three year period of their assessment. In doing so, it is recognised that such future assessments are subject to a level of uncertainty and as such future outcomes cannot be guaranteed or predicted with certainty."

"Viability statement In accordance with provision C.2.2 of the UK Corporate Governance Code 2014, the Directors have assessed the viability of the Group over a period longer than the 12 months covered by the �Going Concern� provision above. In assessing the viability of the Group, the Directors have considered the Group�s current position and prospects, risk appetite, and those principal risks and mitigating actions as described on pages 16 to 21 of the Strategic Report."

"Going concern and viability statements � The Committee reviewed the processes and assumptions underlying both the going concern and longer term viability statements made on pages 26 and 27 of the Annual Report and Accounts. � In particular the Committee considered: �� management�s assessment of the Group�s future cash forecasts, profit projections, available financing facilities, facility headroom and banking covenants; �� the appropriateness of the three-year time period under assessment, noting the alignment of the period with the Company�s strategic planning process, as well as the shorter-term nature of the retail market which the Company operates in; and �� the robustness and severity of the stress-test scenarios with reference to the Group�s risk register, those principal risks and mitigating actions as described on pages 16 to 21 to the Annual Report and Accounts 2016/17, the latest Board-approved budgets, and indicative headroom under the current facilities available � examples of which included the impact of regulatory or information security incidents, and reduced forecast profitability and cash flow as a result of a significant change in consumer behaviour. � The Committee concurred with management�s conclusions that the viability statement, including the three-year period of assessment, disclosed on pages 26 and 27 of the Annual Report and Accounts 2016/17 is appropriate. The Board was advised accordingly."

Got the email today from voucher cloud, loads of retailers are offering discounts already in the run up to black Friday, DC. Is offering free next day deliver.

Been buying all the way down. With PE now 6X and yield 6%, thought I'd done my homework. Old mutual and one other has increased shorts in the last few weeks. By chance, I walked passed a cpw store on Sunday and it was pretty full of people.

Guys come on, the whole retail sector is out of fashion at the moment. A few months ago I was in oil, and it was all doom and gloom there. Look at the price of oil and oil shares now.

In short, are you saying that analysts forecasts are too optimistic, and the dividend will be cut?

M&S and Hermes results slight better than market expectations according to Bloomberg TV. May see some spillover to DC's performance today.

All retailers are going down at the moment, not just DC. - see M&S, sainsbury, Next etc. Oils are up. At some stage this will turn. Current ave. is 165, next top up target for me around the early 150s, if it gets there.

I did a top up at 553p. The share goes ex-div next week on the 19th. 11p dividend.

Thanks, missed that one.

Anyone know why?

Congratulations, it's up strongly today. Can't see why though.

I don't aim to "sit on my backside, play the market and make money from the labours of better men and women". I manage my sipp, and it's not my fault policy makers decided to follow a practically zero interest rate policy for a decade now, leaving savers to take on more risk , or face capital erosion in real terms. I look for opportunities to invest my hard earned cash, sometimes I win, sometimes I lose.

I dived in big time. Last year eps 33. say 25% erosion, gives eps of 25. that can still sustain dividend of 10p. On that basis current PE is 7x 2018; and yield is still 5.5%. And come on...., wouldn't we all rather cut our other expenditure than miss out on our techno gadgets... And as for the bokers, one minute they are saying this thing is worth 350-400, the next its worth 180 ... when this is up and above 200p then will be back to saying its worth 300p...such is life

Soft US data has pushed bond yields down, and pog up.

OK I sold out too. All best if you think share price will recover. I got concerned, on reflection, that there is a conflict between the sale of books and rentals, as they are competing against each other.

Assuming eps 2017 is 50, we are at 12x 2017 earnings. Assuming divident is cut to 60% payout its gonna be 30, so a 5% yield at current prices. 2016 valuation is appx 10x eps, and final dividend yield of more than 5% Its a risky bet, I'm averaging back in from today.

Resistance at 500?

BBC is the first of many. Remember the trading update spoke of "delays" in contracts not cancellations.