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DRTY Darty

171.25
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Darty LSE:DRTY London Ordinary Share GB0033040113 ORD EUR0.30
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 171.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 171.25 GBX

Darty (DRTY) Latest News

Real-Time news about Darty (London Stock Exchange): 0 recent articles

Darty (DRTY) Discussions and Chat

Darty Forums and Chat

Date Time Title Posts
19/5/201621:15DARTY121
24/3/201522:53I LOVE IT WHEN YOU TALK DRTY82
12/12/201212:55*** Darty *** (formerly listed as Kesa)2

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Darty (DRTY) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Darty (DRTY) Top Chat Posts

Top Posts
Posted at 19/5/2016 21:15 by typo56
I've only just noticed that DRTY entered the FTSE 250 on Monday, replacing CWC. That explains the large uncrossing volume at close on Friday.
Posted at 12/4/2016 17:04 by meson
So why is the Darty share price currently 9p more than the £1.25 Steinhoff offer?
Is a counter offer expected?
Posted at 20/10/2015 12:08 by mip55
So..... If FNAC price has gone up 57/53 x 100 ( roughly 7.5%) then new bid for each 39 DRTY shares should be worth about 108p? Is that right?
Posted at 20/10/2015 11:35 by spooky
The Fnac share price is going up.
Posted at 02/10/2015 12:45 by terrys trousers
Calm down Marty W, i know you are who you say. seems to be one person here and other threads trying to stir up trouble, doodlebug4, eg, why is he here in the first place, he hasnt a position, he cetainly hasnt declared it, and hes not on the thread previously. i think hes watching your profile Marty and following your posts.

anyway back to the stock:

Liberum Broker Note

The proposed offer for Darty significantly undervalues the group. The structure of the proposed offer does not deliver fair value to all shareholders. It also precludes Darty shareholders from benefiting in line with Fnac shareholders any future cost or revenue synergies. We see a higher price, a full or partial cash alternative and even possibly a dual London listing as some of the remedies for us to alter our view that this deal is not in the interests of all shareholders

Darty management has delivered against all its stated objectives, is high quality and has support from a high quality shareholder base. The underlying valuation for the Group and now the proposed offer of 101p, do not reflect these strengths, its strong cash flow profile or the future profit potential for Darty.

Fnac is cash rich, c.€540m (Dec 2014) and with little commitment to a dividend policy we question why there is no cash component to the proposed offer. The attraction of Fnac paper, a very different business to Darty, is questionable for Darty shareholders in our view.

A 25% premium for a controlling stake in one of Europe’s largest electronic and white goods retailers is too low. Macro-indicators are improving and the proposed offer appears opportunistic in our view. Q1 trading for Darty was ahead of expectations; several catalysts exist.

Darty’s growth pillars should combine to support a 14% EBIT 3-year CAGR compared to 12% at Fnac. A FCF yield of 13% and a dividend yield of c4% are further attractions. Our new TP of 160p, implies a PE of 21x Apr 2016E and 7.5x EV/EBITDA.
Posted at 01/10/2015 14:53 by terrys trousers
citywire today

Darty receives bid from French retailer
Electrical goods retailer Darty (DRTY) has received a £533 million offer from French entertainment retailer Fnac.

Liberum analyst Wayne Brown retained his ‘buy’ recommendation and target price of 100p on the shares, which jumped 18.2% to 95.8p yesterday .

‘We view the all-share offer, valuing Darty at 101p as opportunistic,’; he said. ‘Firstly, there is no cash component with the offer all in shares, secondly, the 101p offer is only 25% higher than [Tuesday] night’s closing price, and thirdly the offer does not accurately reflect the significant recovery opportunity that exists.

‘We feel there is scope for a much improved offer with certain regulatory and competition issues which may also need to be addressed.’
Posted at 01/10/2015 14:17 by hpcg
tom111 - mentioned on FT Markets Live. Liberum think the bid is opportunistic and DRTY has better prospects than the paper it would be swapped for. Fnac well cashed up so should be throwing some of that our way. Their 160 target based on a 2016 PE of 21, which for a whites good retailer looks rich to me. However I am not complaining and I would even go so far to say that I would accept 159p, or maybe even 158p.
Posted at 01/10/2015 10:50 by hpcg
Seriously! That can only be from an auction, who else would be coming in? Or is it just a standard broker ramp, though I see Liberum aren't in-house. They just issued a report on Monday.

Liberum Capital reissued their buy rating on shares of Darty PLC (LON:DRTY) in a research report report published on Monday morning, ARN reports. The firm currently has a GBX 100 ($1.52) target price on the stock.
Posted at 30/9/2015 09:44 by hpcg
Nice bit of action. Price now moving up after people have digested what was written in the Darty response rather than just the headline terms. My reading is, 'yes, we can do a deal, once management has been sorted out. At the same time throw a couple more bones at the shareholders so they nod it through.'
Posted at 25/9/2015 13:29 by slavy
Hi CR,
Chart looks very good here IMO.
Shareprice stabilised above the 100 day and 200 day moving averages (both of which are now rising). Last time that happened here the share price more than doubled.

Nice bowl playing out too. Looks like a potential cup and handle on the 5 year chart.

Another chart play you might like is MTMY. Potential bowl and directors were buying decent size chunks in May in the 130p – 140p range, currently 113p to buy.
Darty share price data is direct from the London Stock Exchange

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