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DFS Dfs Furniture Plc

113.20
1.40 (1.25%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dfs Furniture Plc LSE:DFS London Ordinary Share GB00BTC0LB89 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  1.40 1.25% 113.20 30,907 16:35:07
Bid Price Offer Price High Price Low Price Open Price
110.40 114.80 110.00 110.00 110.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Furniture Stores 1.09B 22.3M 0.0952 11.55 257.56M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 10,253 113.20 GBX

Dfs Furniture (DFS) Latest News

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Date Time Title Posts
19/3/202414:52*** DFS ***263
10/6/201907:22DFS Half Year Results 14.03.19 Preview2
13/3/201913:24dfs Furniture - Excellent Value + High Yeild53
16/4/201207:16Who flung dung shipping corp plc140
06/12/200514:43DFS and Primback10

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Dfs Furniture (DFS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-18 15:35:07113.2010,25311,606.40UT
2024-04-18 15:29:55114.8022.30O
2024-04-18 14:56:21111.177583.38O
2024-04-18 13:22:45110.0011.10O
2024-04-18 12:53:04111.889001,006.92O

Dfs Furniture (DFS) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by Dfs Furniture Daily Update
Dfs Furniture Plc is listed in the Furniture Stores sector of the London Stock Exchange with ticker DFS. The last closing price for Dfs Furniture was 111.80p.
Dfs Furniture currently has 234,144,420 shares in issue. The market capitalisation of Dfs Furniture is £257,558,862.
Dfs Furniture has a price to earnings ratio (PE ratio) of 11.55.
This morning DFS shares opened at 110p
Posted at 18/7/2023 12:56 by strollingmolby
Agree with all of the above, DFS is having to service a higher debt now, possibly at higher interest rates (I haven't checked). The lending bank/s must be comfortable with DFS' definition of EBITDA though for the 3x debt/EBITDA covenant - we'll see...

Undertaking a £27m buyback and paying a £7m interim divi does seem reckless in the circumstances, though presumably the buyback won't recur this year given the level of debt.

Interesting that the price slid back after the buyback ceased in January, after lifting the share price from 110 to 150+. Am seeing the same at IAG now, though that has only been a week.

I also noticed DFS stated it would pay out a special divi under the terms of its new capital distribution policy if average net bank debt remains below its target leverage range for a sustained period - which is quite optimistic!
Posted at 16/3/2023 11:50 by patsyluck
this company is unfortunately a poster boy for appalling capital management decisions...average price paid for stock buybacks in some cases double current price...meanwhile debt balloons ...bunch of idiots in charge...heads need to roll here.
Posted at 13/1/2023 07:18 by cwa1
Reasonably positive all things considered:-

Interim Trading Update

Good start to the winter sale trading period

Profit guidance reiterated

DFS Furniture plc, the market leading retailer of living room and upholstered furniture in the United Kingdom, today announces a trading update for the twenty six week financial reporting period to 25 December 2022, together with an update on recent trading.

Summary:

-- +10.6% order intake growth* relative to the FY19 pre pandemic period
-- Strong second quarter performance supported by further market share gains
-- Good start to the important winter sale trading period
-- Reiterate our mid case profit guidance of GBP36m profit before tax and brand amortisation (range GBP30m-GBP40m)

Trading overview

Group order intake for the period* was +10.6% compared to the pre pandemic FY19 period (-4.8% Vs FY22).

Following low market wide demand levels at the start of the financial year, trading improved in the second quarter* with order intake growth relative to FY19 increasing to +16.3% (+18.8% Vs FY22). We continue to observe further market share gains based on our proprietary Barclaycard data set.

Group gross sales, which are recognised on delivery of orders to customers, are up +9.6% on the FY19 comparator period (-1.1% Vs FY22).

Outlook

Current order intake performance remains strong, with the important winter sale trading period starting well. Whilst the macroeconomic and consumer outlook remains hard to predict, our mid case FY23 guidance remains unchanged at GBP36m profit before tax and brand amortisation, with the range narrowing to GBP30m-GBP40m.

This assumes the improved momentum we have seen in order intake continues through the second half, alongside delivery of planned margin improvements and normalisation of the order bank which remains elevated at the end of the first half due to the weighting of order intake. Profit delivery will be second half weighted with first half profits expected to be in mid-single digit GBP millions.

We remain committed to our strategy to lead furniture retailing in the digital age. Our scale, trusted brands, innovation, final mile two-man logistics platform, digital capabilities and integrated retail strategy give us significant advantages in our market and will allow us to maintain our track record of market share gains whilst driving attractive returns for our shareholders.

The Group will announce its interim results for the period ending 25 December 2022 on 16 March 2023.

Comment from Tim Stacey, Group Chief Executive

"The Group has traded well through the second quarter and the start of the important winter sale trading period. Whilst the macroeconomic environment remains challenging and hard to predict, we reiterate our full year profit guidance supported by the positive current trading momentum.

As always, we continue to invest for the long term success of the business, to further strengthen our market leading position and with our established platforms, scale and expertise we believe we are well set up for growth over the medium term"

*Order intake growth for the period calculated using weeks 1-25 of the financial period (and for the second quarter using weeks 14-25) to remove the impact of the different number of days in each financial year falling into the post Christmas sale trading period. International and Sofa Workshop have been excluded from the order intake and gross sales growth calculations given the closure of these operations.
Posted at 29/12/2022 15:10 by cwa1
Pelham Cap. increasing:-
Posted at 11/11/2022 17:11 by markyball87
DFS have lost all their top sales people so thats why profits and sales are down. The big bosses won't release that to the city though.Dont invest in this company they're dishonest.
Posted at 04/11/2022 07:36 by cwa1
Some, relatively, positive news from today's update:-

Tim Stacey, Chief Executive, commented :
"We are pleased to report that since mid September we have seen positive year-on-year order volume growth. While we continue to be watchful of the macro economic environment, we continue to take market share and our market leading position, inherent scale and proven strategy give us confidence in our future prospects."
Posted at 30/9/2022 16:36 by cwa1
Sizable increase in holding...

https://www.investegate.co.uk/dfs-furniture-plc--dfs-/rns/holding-s--in-company/202209301445274026B/
Posted at 21/9/2022 13:39 by castleford tiger
We bought 400k of USD yesterday at 1.14.

I hope DFS are fully hedged ( no we are not !)
Posted at 15/9/2022 21:02 by gaffer73
"The Board therefore proposes to pay a final dividend for FY22 of 3.7 pence per share (FY21: 7.5 pence per share), alongside extending the currently ongoing GBP25m share buyback by a further GBP10m. This will still position our trailing dividend yield at 5.6%, while taking advantage of the significant returns implied by a share buyback." Less divi, more buybacks. Makes sense while the share price is low as long as a recession doesn't bankrupt them.
Posted at 08/9/2022 17:44 by cwa1
Some pretty interesting holdings announced today IMO. Culminating in this from DFS:-
Dfs Furniture share price data is direct from the London Stock Exchange

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