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lone pine capital has reported a 0.5% short stake...in dxns
We have been actively buying stock today sub 44p. The current correction seems to have some further 'teeth' but the company fundamentals have not changed and the share should appreciate steadily thereafter IMO.....
We were buying yesterday and we are buying today. Incrementally as the price retreats.
Hi there all. It seems as if the shorters have at the moment the upper hand in the stock. With divi secure this year and next and profits forecast assured to be in line with revised analysts forecasts it starts to look too good to be true for an incredible almost 6% yield. We are looking for further weakness to make a substantial purchase. Lets see how the share is going to behave the next three days.
If the current weakness in the stock persists and we see levels well below 160p it might be an interesting stock to trade. Divi Cover and current yield are both good..
In the minds of many the current fall in the share price is not anticipated. But people tend to forget that nothing goes ever in a straight line. Although everyone long on the stock, us included, would be delighted to see DXNS appreciate in value in a straight line that is something which very rarely happens. It is only normal according to share trading that the stock would incur correction phases and phases where the share price would grow steadily. Fundamentals in DXNS have not changed within a week. The company is solid and although the statement from MD was cautious and indicates a cautious steady future growth that does not mean to say that the company would not continue to be very profitable. more slim lined and more UK focused. We always liked DXNS and we strongly believe that the share AFTER the correction phase would grow steadily to reach 70p within the mid horizon. Higher levels in FTSE 250 and FTSE 100, if reached, would provide additional support and the anticipated UK recovery should also be instrumental in DXNS future share growth. For the short term price correction provides investors with cash reserves an unmissable opportunity to buy low at various levels and create a lower acquisition level, benefiting from the anticipated significant future increase. For us, and again you may say that comparing an institution to an individual might not be a suitable comparison, the share price whether it is 40p, 42p or 47p makes no difference as our target is over 60p. I know fellow BB members who might have bought at 50p or higher might be despairing but I am very positive that the share would go higher with the overall market and the UK economy in the mid term. So do not panic. Often you have to 'manage' your position and that is one of these cases. I would only point to fellow BB members the company fundamentals, its market position in the UK in electricals / electronics and its focus, as it has formed in 2013, back into the UK. I also would underline that I admire DXNS board of preempting any future 'slight off line' results by this cautious statement as it gives ALL the opportunity of readjusting perhaps over-positive expectations and create a more realistic growth scenario for the stock. We have been and we remain strong buyers of the stock, buying in the dips [ eg.,now] and selling on the ups while maintain an overall significant positive long term position. Divi reintroduction would be beneficial but not essential at that stage. Finally the share does have a 'soft look' about it at the moment that no one can deny but that means only one thing, if you can buy on the dip and especially be patient and BUY IN STAGES you would be rewarded by the almost certain future share price appreciation.
And while other wonder where the price would go, others worry it might go lower, others say that DXNS that and this.....we are buying and buying so far 750K shares today ....and will buy another 750k if it falls further below 47p. The company is solid and should benefit from the forthcoming recovery IMO.
Gents...we have somehow anticipated that correction, which believe it is only a temporary one for the stock. Needless to say we have been on the buying today BIG style. Do not panic and get advantage of the MM trading pattern. We strongly believe that with the UK economy firmly on the cards that stock could only go higher long/mid term. Any short term price correction should be IMO a buying platform for the near future. If FTSE also moves higher that would give DXNS an added boost. I do not believe divi talk would be of any importance at this stage. The company fundamentals are excellent and I do believe that its management team would try its very best to give value to shareholders. All the best
It's kind of an 'odd' share, closely hold among few 'hands' but there are people who accumulate the stock for sure. There have been active particularly after the June 2013 large day fall. I do not know if the plan is for a future offer but surely NTG is an exciting investment for us. Hope for the best for all of us long on the stock. GL.
Hi there! I do not really know how many are there on this board but for us long on the stock since mid 250s it has been a stellar rise. We have not sold nor reduced our considerable holding here and we do not plan to sell any time soon as the anticipated recovery in the UK market could bring further considerable rewards for NTG. Any individual views on price levels from here onward? Any suggestions/guesses?
Hi there all ! Having bought 225K pounds worth of stock at 47.27 average on the recent dip I thought this time not to sell at 50.5. We will keep the stock hoping the best for the forthcoming report which we believe to be in line with expectations. This is the first time that I do not trade the 445K shares bought and write a profit but ....we were low on stock with a long term buy view and a 70p target, so we decided instead to hold on to them for the moment. Lets hope that DXNS would not disappoint, their management team has been excellent the past 2 years so once again we trust them to deliver.
No this is clearly not profit taking. The sector is marked down on competition, lower margins concerns. Caution is required, I am not of the opinion that the DXNS statement would be bad, on the contrary I believe it would in line with expectations but if the overall sector sentiment is bad, all stocks would suffer others more others less. For those of us long on stock we should be using our cash [ always leave something spare] to buy on the dips and TRADE on the ups, keeping core holdings long. Still looking for 70p in 2014. GL toall on this Board and HNY.
Buying now ....a bit ...more if further retrace on retail worries
A couple of weeks ago I had an online chat with a fellow BB member in DEB Board. I have mentioned my two tips for 2014. This was a personal recommendation and not in a shape and form the recommendation of the company I am working for. One of the two was DXNS and I have stipulated that I see the stock hitting 70p within 2014 as the UK retail environment improves and the FTSE [ 100& 250] increases hopefully in value. Nothing has changed since then, apart from witnessing the depressing issues with inventories. I would though like to remind DXNS board that too many issues have already been priced in the stock, a lot of investors are sitting on profits from the previous trading year's stellar performance and the City has got very negative on retail sales..therefore some degree of caution may be required going ahead.
As much as it hurts me to admit...you must go to war prepared. Facing a higher demand should be music to DXNS ears but by the looks of it, a golden opportunity might be lost to potentially make stellar profits from just some good profit. I got the intense feeling of complacency and 'feel good' been at work here and I hate to admit that perhaps the company's board should take some serious stock of our postings. Our posts, no matter how immaterial to the greater picture might be, they mean good but it is truly sad to see again and again posts in this board indicating how unprepared and potentially disorganized the inventories management has been of late.
I have witnessed personally the situation regarding 'stock not available'. I believe the company has not been dealing with this issue as they ought to do. What good could that be to DXNS if their inventories have not been WELL prepared for ANY eventuality this festive period. This is ridiculous. I have been in favor for the Board for a very long time, now I start to believe that some people have started to become rather complacent. When would you expect to be better prepared and ready to sell ...till you drop but now. I have been trying to buy a graphics card and some extra bits and all I have encountered is 'OUT of stock' in ALL their nearby shops. The items in mind are all very well known and pretty standard. Eventually I bought them of amazon! I start to get some hints that some people in this well paid board are only looking at their upcoming share options and pay little attention to the customer's need. I have not ever heard anyone saying we have sold enough if I could be better prepared and be in the position to sell EVEN more. Not a happy customer I must say ,and if I can not find standard PC equipment to buy at Christmas period I wonder how much DXNS are currently loosing in unrealized sales and profits as the people who were supposed to be looking after inventories were practically asleep the past month. I think that Peter should read my holiday e-mail and start asking the RIGHT questions as this is pretty bad and sad when all the Board's efforts so far were so well targeted and effective.
Hi there all! I have not posted for some time here but I believe I should post an update of where we are and what we see ahead. We have had about 1.5 Mio Dixons shares in various portfolios [ in the top hundreds]. If you could trace my posts you would see that I have specifically have mentioned the 53p level as an exit point for us for part of our holding. That we did, we have sold 1 Mio between 52 and 53 p levels. We still hold around 500K shares and we will be buying at this level and even lower. We can see why the price slides as a direct result of the sales volumes anticipation and with the intense competition especially in the tablets market with TSCO et all. Profit margins could be affected as a result of that . The slow overall retail sales environment between Oct & Nov did not help price as well. BUT we strongly believe in DXNS management, its ability to react quickly and adjust and we would yet again I believe buy in shares for our portfolio investors with the aim of getting to about 2 Mio shares level in 2014. We believe and hope that the next stop for the price would be 70p at some stage within 2014. So we are buyers of the stock and would still recommend buying it at this level or lower as a growth stock for this coming year. Irrespective to how this festive season sales would be for high street retailers we would buy DXNS for growth and the potential small divi that might just appear in the horizon! Best wishes for a Merry Christmas and a prosperous new year to all. Especially GL to the all those long on the stock!
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10450788/Ladbrokes-forced-to-deny-looming-profits-warning-after-call-with-broker.html#disqus_thread Someone wants to drag the share price lower obviously. Is there a hidden agenda?
Hi there some further news of a small reduction in the open short interest in DXNS which is now lowered to just 3.26%. We have successfully sold 225K shares at an average of 48.31 p and have opened a new position with depressed BARC at 266p [ a gamble IMO]. We still are holders of 800K DXNS shares and we would repurchase in any price weakness below 46p. The Stock has performed in line with short term expectations with sellers writing profits over 48p and buyers waiting now at the sidelines for any price retrace to buy back. We believe that the stock would head higher after a short correction and remain long on the stock for the future. We have upgraded our future price target to around 57p from 53p, based on current trading news and Christmas selling forecasts. GL to all with your trading and lets hope that our price forecasts are exceeded and the stock hits 70p by May 2014 which is my hidden hope ;)
Further significant covering of short positions in the Stock by the top shorter Fund Fest NV. They have now reduced their short position as of 21st October and as a result the total short position in DNXS is down to just 3.36%. All in all a positive development.