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Its a nice RNS - read it again, it basically says they are not happy with the share price representing good value of the groups business. Good to see they are trying to release value for shareholders. As Yazz said, the only way is UP !
Emerald you've been spot on all the way ! well done : )
But heres a question.. AO are now worth over 30% more than Dixons, could we be looking at a Takeover ?
Interesting.. AO now valued more than Dixons Carphone.
AO market cap - £1.43 billion
DC market cap - £1.18 billion
AO are online so haven’t been affected by the Corona virus in a negative way, but once normality returns people will start using shops again which will impact them. If you read the last update on figures - two thirds of lost store sales were recouped online, and overall (including European stores) they actually were parallel with last year. My local store is actually still closed as they phase reopenings, my guess is that online is doing great and there’s no massive urgency to reopen all stores as wages are covered by furlough. From what I understand we are currently in a closed period until results are released in July, hence why there’s been no further communication from head office.
Results will now be published on 15 July 2020, around three weeks later than the previously planned date of 25 June. This follows recent guidance from the FCA on corporate reporting timetables in light of COVID-19, and will allow the Company and its auditors, Deloitte, sufficient time to complete the process of preparing and reviewing the results, given the practical challenges of remote working and restricted access to stores.
https://www.***************************/dixons-carphone-plc-44-8-potential-upside-indicated-by-barclays-capital/412823604
Seriously WHSMith posts 85% loss today and only goes down 4.5%. I was gonna call the police today for market manipulation (only jokin), but it feels like someone is playing games mm’s. Yeh keep bringing us down and pushing AO up - there market cap will soon match ours - (which is crazy) - I think this is the first time I’ve seen AO with a higher share price than us - understandably they are a online only, but come on as a group Dixons figures ain’t really moved. I read some figures that said we had 8 billion assets - so keep bringing us down and someone’s going to make a offer to buy us out - at one point today we were valued around 700 million . Interested to know that 16,000 staff furloughed - gov is paying wages - that’s got to increase margins ? Keep Posting I enjoy this forum everyday !
* In the five weeks (UK lockdown) to 25 April, group electrical sales ONLY dipped 3%
* Overall sales were up in the 52 weeks to 25 April
* UK & Ireland recovered two thirds of business online (166% online growth)
* Disposed of 531 Standalone Carphone Warehouse stores
* Saved cash - furloughed 16,500 staff, while upper management and senior leaders have taken a pay cut of 20% and 10%
* Implemented drive through contactless shops & live video shopping
* Secured additional £266m revolving credit facility and had £1bn of unused facilities at the end of the reporting period
* Ready to open next week (pending gov decision)
* Cancelled the dividend - conserving cash
Plugged & Abandoned :(
Struggling retailers have lowered the sector, with announcements from Carpet Right, Moss Bros, Kingfisher, New Look, Maplins, Laura Ashley and ToysRus to name a few. It was only a month or so ago we posted positive results and shot over �2, and now we fall back around 15% on no news. We even experienced a growth in retail sales for February, but no doubt the Beast from East dampened March. For now retail sentiment remains low, I hate to say it but can see this falling further.
Casshy results came out today, whoever decided to release them a day early with Seb's news needs a pay rise !
Talking of dividends - its PAY DAY tomorrow !
So electricals sales are up and phone sales are the concern, maybe the launch of the new IPHONE normally announced in September will drive sales once again. Being the Iphones 10th anniversary I'm sure they will produce something special, lets see.... Now Sebs got that of his chest (on ex div day aswell - great timing not !) - he's surely set himself up to do well & gain praise in the future once we beat the low market expectations.
http://www.cityam.com/270108/dixons-****hone-share-price-drops-85-per-cent-early-trading
Lets hope this article is true, if so should restore some confidence in the share price. https://www.theguardian.com/business/2017/jul/14/itv-closing-in-naming-easyjet-ceo-carolyn-mccall
Keep the faith people, todays drop was across the board for FTSE 250 retailers. Marks & Spencers reported a poor first quarter performance which put the frighteners on most UK retail stocks. It didn't help with the timing from Andrew Harrison. Remember it was only a couple of weeks ago we reported record breaking figures - 10% up on pre tax profits, over 500 million ! And lets not forget 15% increase on dividend, - the market seems to have looked past / through this. With so many broker ratings over £4 could they all be so wrong ? Liberum Capital - £430, Deutsche Bank - £420, HSBC - £410, Credit Suisse - £400, Barclays Capital - £400, RBC Capital Markets - Top Pick ! So we are sitting below £2.70, surely anything under £3..... is a great buy !
the depressed share price is the general sentiment surrounding retail, what does not help is today Andrew Harrison selling 1 million shares @ £2.78 - the old saying kick a dog when it's down !
Very dissapointing news, Dixons to leave FTSE 100 :( http://www.bbc.co.uk/news/business-39135883 Dixons Carphone and Capita are to be relegated from the FTSE 100 index after their shares fell sharply in the last quarter. Their places will be taken by Scottish Mortgage Investment Trust and Rentokil. The companies included in the UK's top tier index are reviewed every quarter and reshuffled according to their market capitalisation. Dixons Carphone shares have lost nearly 20% of their value over the past six months. "Dixons Carphone's share price has dropped off of late as a result of increasing competition within the sector, particularly from the likes of Amazon," There a lot riding on the Quarter 4 trading update, all will be revealed, bring on..........Wednesday 24th May 2017 !
I'm connected to this company.... as I've just purchased my first wad of shares :) After reading all the broker reviews, Old Mutual increasing their stake over 6%, and reports indicating bigger growth to come as first half profits increased over 60%.