ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

CPW Carphone

343.20
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Carphone Investors - CPW

Carphone Investors - CPW

Share Name Share Symbol Market Stock Type
Carphone CPW London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 343.20 01:00:00
Open Price Low Price High Price Close Price Previous Close
343.20
more quote information »

Top Investor Posts

Top Posts
Posted at 08/11/2013 18:24 by bones
Closing 52 wk high for sure but closing at the level where, intra-day, traders have sold it down recently, namely 265p. The candle charts show this clearly. I'd like to see a close well above here, say 270p backed by volumes. As the below analysis shows, some investors have been loading up (increased volumes), probably ahead of next week's interim results (due 14th November).

The CLOSING high is bullish but two days running with volume would suit me sir! Look forward to strong action Monday or will the resistance at 265p hold firm?

Interims Thursday as I mentioned.
Posted at 03/10/2013 21:48 by bones
Carphone Warehouse Group (LON:CPW)'s stock had its "buy" rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 290 ($4.68) price objective on the stock. Citigroup Inc.'s price objective points to a potential upside of 20.83% from the stock's previous close.
Posted at 24/9/2013 22:33 by bones
Somewhat mysterious dribbling down in price to 222p. I am almost tempted to top up here but that goes against my general rule of not averaging down from my opening buy price so I will just continue to observe with my main holding.

I see only good news:

- CPW recently acquired the 50% of CPW Europe it did not already own, in what looked like a distress sale by BestBuy of the US who were in a mess.

- CPW made a windfall £23M in the summer by placing a decent lump of shares (as part of BestBuy deal) at 244p which was way above the 190p they owed to BestBuy from the placing. It was also a vote of confidence to see institutions happily splash 244p per share.

- UK retail data has been strong this year and should feed through to performance at the shops. I also had a decent customer experience at the Reading branch with CPW having an exclusive deal to give away a Samsung Tablet with an upgrade to a Samsung phone. Happy with that as I use the tablet a lot now. Can imagine CPW did decent business with that promo.

- CPW should have taken the bulk of the pain on Virgin France with their last results.

If this thread is any guide, it appears very few active private investors are in CPW. Feel free to comment if you are in, or out!
Posted at 27/2/2012 12:37 by praipus
Deep value activist investor and arbitrager Newton Investment Management is now holding over 5% according to RNS today




I'm tracking all Newton's known holding in post 9 on the WAM thread
Posted at 16/12/2010 10:44 by cat
1031 GMT [Dow Jones] Bank of America Merrill Lynch raises Carphone Warehouse (CPW.LN) price target to 500p from 450p as it raises its EBIT forecast for Best Buy Mobile US. Says the business faces limited competition in the U.S. and BofA now estimates it can reach a market share of 11% by the end of next year, versus a previous estimate of 10%. Says Carphone is in the sweet spot of the smartphone upgrade cycle in the U.S. and Europe and notes some strategic value in the company's stake in Virgin Mobile France. Also notes the opportunity for Carphone to attract more of a U.S. investor base. Buy rating. Shares +0.8% at 400p. (michele.maatouk@dowjones.com)
Posted at 22/9/2010 07:34 by cat
0631 GMT [Dow Jones] Morgan Stanley cuts ASOS (ASC.LN) to underweight after the stock soared 127% since the start of the year following re-ratings by a number of brokerages. The bank estimates there is a 12% downside potential to the stock and recommends instead that investors buy stock in Carphone Warehouse (CPW.LN) and H&M (HM-B.SK). "We would become buyers again if the stock pulled back to around 900p, we saw a significant and sustained acceleration in UK sales, or greater assurance that ASOS can manage the risks of international localization," Morgan Stanley says. ASOS shares closed at 1102p. (toby.anderson@dowjones.com)
Posted at 30/3/2010 08:37 by libertine
BROKER CALL: Morgan Stanley bullish as it initiates coverage on new Carphone Warehouse
30 March, 2010 07:37:59 AM

Morgan Stanley says don't be put off by the corporate structure as it initiates coverage of the stock with an overweight recommendation and 235p a share price target. Broker adds: 'The newly demerged CPW entity may not have the most attractive corporate structure, but it offers investors direct exposure to three attractive growth stories: Best Buy Mobile's expansion in the US, Best Buy's rollout of 'Big Box' stores in Europe, and Virgin Mobile's expansion in France. If all three are successful, New CPW will likely deliver a five-year EPS
CAGR of above 35% - more than double that of any other stock we cover.
Posted at 18/11/2008 09:43 by spob
Carphone Warehouse considers splitting in two

By Andrew Parker

FT

Published: November 18 2008 07:59 | Last updated: November 18 2008 09:04

Carphone Warehouse said on Tuesday it would consider a demerger of its retail and telecoms interests, as the company predicted the next year was likely to be the most challenging economic environment it had ever operated in.

Some of Carphone's shareholders have been pressing for a demerger, and the company's shares jumped almost 25 per cent in early trading. They were later down almost 4 per cent at 125½p.

EDITOR'S CHOICE
Carphone to consider case for demerger - Nov-17Carphone prepares to reassure investors - Nov-16More telecoms news - Nov-13

The group reported a loss before tax of £11m for the six months to September 27, compared to a £38m loss in the same period last year.

Revenue was £697m for the first half, down 2 per cent. Earnings before interest, tax, depreciation and amortisation (ebitda), and also excluding exceptional items, rose 51 per cent to £112m.

Carphone's revenue and ebitda do not include results from Best Buy Europe, its European joint venture with Best Buy, the leading US consumer electronics company.

The group put its retail assets, led by its 2,400 shops selling mobile phones, into the venture, known as Best Buy Europe. Since July, Carphone claims a 50 per cent share of the venture's profit after tax.

Best Best Europe recorded revenue of £1.6bn for the first half, up 12 per cent, and ebitda of £99m, up 3 per cent. Roger Taylor, chief executive of Best Buy Europe, said it was not scaling back its plans for new consumer electronics stores because of the downturn.

Carphone's telecoms business reportedrevenue of £697m, down 2 per cent, and ebitda of £120m, up 46 per cent.

The improving profitability of the telecoms business reflects how it has made a belated success of an industry process known as local loop unbundling.

It involves Carphone taking control of the BT landlines that run from telephone exchanges to homes, so as to offer broadband and phone services to consumers.

Although Carphone ran into serious problems with unbundling in 2006, the process enables the company to make a better profit margin than it would if it simply resold BT's broadband and phone services.

Charles Dunstone, Carphone's chief executive, said Best Buy Europe was well positioned relative to its competitors, given the consumer outlook was very uncertain.

He added: "The next 12 months are likely to represent the most challenging economic climate we have ever operated in... the group is very well positioned to withstand the financial turmoil."

Mr Dunstone said Carphone had reached a watershed in its evolution, and described its retail and telecoms interests as two discrete and focused businesses.

He added: "We recognise... the structure of the group may now no longer be appropriate for the optimal development of the two businesses.

"The board has therefore initiated a formal review of the group's corporate structure and capital requirements, which may lead to a separation of the two businesses."

Carphone will update on the review next spring, and Mr Taylor, also the company's finance director, said the earliest a demerger might happen would be the summer.

He rejected suggestions that a demerger might be a first step towards selling Carphone's telecoms business. Analysts say Vodafone and O2, the mobile operators, are the most obvious potential buyers.

Carphone's interim dividend will be 1.35p, up 8 per cent. Net debt was £286m at September 27, compared to £843m at March 29.
Posted at 21/9/2008 10:44 by libertine
From The Sunday TimesSeptember 21, 2008

Bidders offer less for broadband supplier TiscaliJames Ashton
CARPHONE WAREHOUSE has returned to the table in the drawn-out auction of Tiscali with a bid of less than £450m for the British arm of the broadband supplier.

The offer, some 25% less than the company's earlier expectations of £600m, is believed to be one of two currently under consideration by Tiscali's advisers at JP Morgan and Banca IMI.

The company put itself up for sale in May but missed a self-imposed deadline to seal a deal by the end of June.

Interested parties including BT, Vodafone and BSkyB - the satellite broadcaster 39% owned by News Corporation, ultimate owner of The Sunday Times - walked away but left their options open.

Tiscali was created from acquisitions that included Pipex and HomeChoice. It lost 37,000 customers in the last quarter but still has 1.84m.

Its shares, listed in Italy, have fallen 46% since the start of June, valuing it at £600m last Friday. That suggests investors are becoming more realistic about its worth.

Carphone has money to play with after a £1.1 billion deal in May to sell half its retail division to Best Buy of America paid off its debts.

It has 2.8m broadband customers. Adding Tiscali would allow it to leapfrog BT to become the No 1 supplier.

However, Carphone's share price has tumbled 49% in the past 12 months on fears that mobile-phone spending will slow as Britain heads into a recession
Posted at 01/8/2008 07:55 by libertine
Carphone Warehouse
189.1p-3.7p
Questor says: Buy

Times are undoubtedly tougher at the Carphone Warehouse. Broadband growth is slowing as fewer people move house. Carphone said it now expects to add between 200,000 and 250,000 customers by March 2009 - compared with the 400,000 it predicted in April.

But that was little surprise, given that the company had, in June, given warning of the slowdown. Carphone still expects broadband margins at the top of its 12pc-12.5pc target.

Of course, chief executive Charles Dunstone remains "understandably cautious about the consumer environment" but he still managed to deliver a 4pc rise in distribution revenues, which includes sales from its 2,400 high street stores.

Carphone investors have had a torrid year but counter-intuitive thinking says this could be a good entry point.

The business is debt free, boasting the kind of balance sheet many companies would kill for as the economy slows.

Confusion remains over the structure of the Best Buy retail joint venture, but meanwhile the shares are trading well below most sum-of-the-parts calculations.

And the company has demonstrated that giving away free phones - and getting paid by the networks for it - is a relatively safe retail haven during a near-recession.

On 8.8 times forecast earnings, yielding 2.9pc, the shares look good value for the bold, long-term investor. Buy

Your Recent History

Delayed Upgrade Clock