Member Info for trs151

Xmas trading update tomorrow may give some forward strategy indications.

11.1m shares classed as sells are UT --- so they are the total volume of the setts auctions likely to be 50/50 between buy and sells

I think it could more likely be the whole euro area. Greece is a very tiny proportion of our trade. Even the successful northern hemisphere will be suffering from the general malaise and the exchange rates to GB pound will show lower receipts. In local currency terms a 0.5% rise could become a loss in GB compared to last year.

The sp has been XD since 2/01/2015 so that can be discounted from the current falls

Nice to see 2.5p dividend in January

sp now equivalent to 69p in old Dixons

Slight correction to your answer it is the total volume of the setts auction trades not all trades dealt and can be listed as a buy or sell but will basically be 50/50

DXNS £1 is equal to £6.45 for DC

Further to the announcement of the recommended all-share merger of Dixons and Carphone on 26 June 2014, to be implemented by way of a Court-sanctioned scheme of arrangement of Dixons under Part 26 of the Companies Act 2006, Dixons and Carphone are pleased to announce that the Scheme has now become effective and the entire issued ordinary share capital of Dixons is owned by Carphone. This follows the Court's sanction of the Scheme at a hearing held on 4 August 2014 and the Court’s confirmation of the reduction of Dixons’ share capital in connection with the Scheme at a hearing held earlier today. Dixons Shareholders on the register at the Scheme Record Date, being 6.00 p.m. on 5 August 2014, will receive 0.155 of a New Dixons Carphone Share for each Scheme Share held. Carphone also confirms that it has today changed its name to Dixons Carphone plc. Trading in Carphone's shares on the London Stock Exchange's main market for listed securities under the new name of Dixons Carphone plc will take effect from 8.00 a.m. on 7 August 2014 under TIDM (ticker symbol) "DC.".

any of the ex cpw board members here who can confirm

Check cpwplc.com merger documents annoucements dated 6th & 7th August

The 20 day criteria is for new companies not where a company changes its name as is the case here.

Sorry but you are wrong On 6th August Carphone announced to the Stock Exchange that it was changing its name to Dixons Carphone Plc. There was trade on the 6th under the Carphone banner. On 7th August the Stock exchange admitted 574,723,226 new shares under the name Dixons Carphone Plc which when added to existing shares give a total of 1,150,790,995 for Dixons Carphone. Changing a company name does not require a suspension of shares, Dixons have done it enough in the past and I have certificates under the names Dixons Group Plc and DSG international plc which have just become invalid by this merger.

Carphone shares were not cancelled only Dixons had new shares issued under the arrangement. Even though it was a merger effectively Carphone took over Dixons by the issue of new shares on an equal basis as existing Carphone shares. Carphone shares did not stop trading

Will the 20 day rule apply as such as it is only a change of ticker and Carphone existing shares are still valid it was only the Dixons shares that were deleted. From what I understand the reviews start on 2nd until 8th with the meeting to decide on Wednesday 10th September and the new ftse 100 starts on Monday 22nd

If the bid is 342.90 and ask 343.00 why is the sp only at 337.00

Your calculation would be correct if this was purely a Dixons share consolidation. You need to add Dixons maket cap to Carphone's ie £1,962.25m + £1,977.07m = £3939.32m Shares in issue ----- Dixons 3,705.86m * 0.155 = 574.41m + Carphone 576.07m = 1,150.48m Market cap £3939.32m divided by shares 1,150.48m = £3.42

A quick calculation says sp should open at £3.424

Dixons share capital is being "purchased" by the issue of new shares therefore although the new group share capital will be Carphones and Dixons combined there will be twice as many shares as currently issued by Carphone hence the sp will be approx the same as now

Post merger the 2015 & 2017 Bonds will be redeemed on 21st August 2014 leaving the new group debt free apart from normal rolling credit agreements. With expected elevation to ftse the future looks much better