BarclayKid Wake up and Co30 Dec 2013 15:00
Hope you all had a relaxing christmas and haven't indulged to much in the alcohol beverages dept. so one more day to go for this year, any new year resolutions anybody..?
So first Margins...Margins will not change, DXNs being the biggest electrical specialist's in the UK, would of purchased at the very best unbelievable lowest prices, there is no one in the market place that can negotiate the prices that DXNS does, and if the cost price increases, due to the world economics, then they just simply put there prices up.
Example for christmas i purchased my girlfriend a camera, a Canon EOS 5D Mark 111, i was looking at this the first week in December, the total cost 3300.00 euro's with the lens, the second week the price had risen to 3750.00 Euros's..!! A massive increase, the same comparable price hike i noticed with DXNS.
The reason why the price's of electrical appliances have gone up so much...? The devaluation of all currencies, through Quantitative Easing process.
Wake up, i wouldn't worry to much about memory cards being out of stock, at christmas time this type of product is hidden away from the general consumer, and is brought out from under the counter for consumers that are purchasing there cameras etc.
DXNS competition, well as you say there is a few nipping at the heels, but really nothing to worry about, there is always people who will want to purchase in a more relaxed, welcoming environment, with mature intelligent sales staff, and in doing so pay a hefty premium for doing do..alas John Lewis Department Stores.
But this bridge has closed significantly over the passed few years, with DXNS staff becoming market leaders in there product knowledge KNOWHOW, customer services.
So...2014 will be another fabulous year for DXNS, no need to doubt who will be top dog...!
Happy new year to all DXNS share holders, and the ones waiting on the side lines to jump back in (BarclayKid)
for this Gem of a recovery play...not my words..lol
Amigo (Spain)
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