|This is going nowhere but down, consumers now so strapped for cash, credit debt reaching impossible levels, and the only glimmer is white goods, this co. Like many others relying upon imported appliances either absorbs the costs or raises them, even with hedging of currencies in place, the £. move has wrongfooted many cos.!|
|Lot of company share savers cashing in during October|
|Market makers happy to take out the stop losses of loose holders and get their shares on the cheap. What a bargain good British companies are for any foreign buyers on the prowl now.|
|How much is the Samsung phone going to hurt Dixon's?|
|The markets are going to be unstable for a few more weeks until this election is over. Some shares are more unstable than others.|
|Has it got anything to do with trump?!|
|Now Donald Trumps campaign has been derailed can the shares please go back up!|
|Products sourced in Dollars from Asia. DC.will have taken defensive steps pre brexit to hedge currency, short term exchange rate will be having no impact on their profit. Market taking a medium to long term term view. Expect the share price will continue to swing, until the fog will lifts on Brexit and single currency. Share price doesnt reflect value got a healthy dividend and with interest rates at an all time low DC. wont be short of buyers.|
|How is the falling pound going to hit dixons? If anything it will benefit them with their overseas earnings.|
|Cheap... cheap.... cheap... cheapest retailer on a P/E basis|
|Dixons Carphone share price fall presents attractive entry point
The fall in Dixons Carphone (DC) shares are an ‘attractive217; entry point as levers for growth at the electronics giant are still to be pulled.
Liberum analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 470p on the stock following a presentation from Dixons Carphone. The shares fell 3.1% to 361.7p yesterday.
‘We came away from last week’s presentation confident that management can continue to drive strong trading in Dixon Carphone’s core UK and Ireland retail business,’ he said.
‘The focus on self-help, innovation and continual improvement is evident across consumer electronics and mobile and underpins the plan to continue taking market share, drive profitability and build a business for the long-term.’
He added that there were ‘multiple levers for growth through further store improvements, structural support from the underlying product cycle, continued development of the multi-channel proposition and the significant growth opportunity within consumer services’.
The shares are down 25% year-to-date and ‘offer an attractive entry point into high quality, long-term growth’.|
|No mention of their b2b proposition which is probably one of their biggest areas for potential growth ?|
|Investor Day update.
|Probably to do with John Lewis's poor trading statement today.
Wrong reaction though as John Lewis electricals are doing fine. It's the rest of the business and their cost base which is costing them.
Here's some good news and a video on the site to watch.
Dixons Carphone boss Seb James unveiled plans to expand the retailer’s services proposition KnowHow as retailers “sail into the unknown”.
Retail Week visited Dixons Carphone superstore in Thurrock to catch up with the electricals specialist’s chief executive Sebastian James.
Following 4% group like-for-like growth in its first quarter, Retail Week spoke to James about how the retailer is defying gloomy Brexit predictions, “choppy waters” ahead, and the challenges for retailers over the next 12 months and under new Prime Minister Theresa May.
As well as continuing to roll out the business’ 3-in-1 format stores, and growing its click-and-collect functionality, Dixons Carphone is gearing up for a trial in Leeds of an expanded services division.
The retailer is aiming to speed up and streamline its existing KnowHow technology support arm, which James describes as a ”billion pound opportunity”.
James led the merger of Dixons and Carphone Warehouse in 2014, successfully bringing the fascias together under one roof.
Here, he proffers advice for Sainsbury’s chief executive Mike Coupe following the grocer’s acquisition of Home Retail Group and unravels the perception of retail as an industry with an image problem.
|sorry am i missing something with this share price ?|
|Apple has completely sold out of its new iPhone 7 Plus before the device has even launched.
The larger smartphone has entirely sold out, while the smaller iPhone will be unavailable in jet black.
In a comment made to Mashable, Apple confirmed that the jet black iPhone 7 and both colours of iPhone 7 Plus will be unavailable in stores until further notice.
An Apple spokesperson said: “Beginning Friday, limited quantities of iPhone 7 in silver, gold, rose gold, and black will be available for walk-in customers at Apple retail stores. During the online pre-order period, initial quantities of iPhone 7 Plus in all finishes and iPhone 7 in jet black sold out and will not be available for walk-in customers. Availability at partner locations for all finishes may vary and we recommend checking directly with them.
"We sincerely appreciate our customers’ patience as we work hard to get the new iPhone into the hands of everyone who wants one as quickly as possible.”
This does not, however, mean that the devices won’t be available at all. In fact, this could drive business to other retailers. For keen consumers who want the device quickly, their only option will be to go to Apple’s ‘partner locations’, such as John Lewis and Dixons/Carphone among others.
Apple’s unpreparedness to meet the enthusiastic demand for its latest device would suggest that sales will greatly exceed the company’s expectations.
This news might come as something as a shock to many pundits who argued that the iPhone 7’s controversial abandonment of the 35mm headphone jack – a standard since the Walkman in 1979 – would deter many consumers from purchasing the device. That controversy, while being the source of many editorials and ‘hot takes’, seems to, if anything, have spurred on sales of the device.
The iPhone 7 and 7 Plus goes on sale tomorrow.|
Britain’s biggest consumer electricals and mobile phone retailer got its financial year off to a strong start with a sharp rise in first-quarter sales, and that is before the iPhone 7 goes on sale.
Dixons Carphone said it had experienced no “detectable impact” from the Brexit vote with its overall group revenue rising by 9 per cent year-on-year in the 13 weeks to July 30.
On a like-for-like basis its revenue was up 4 per cent with broad-based growth across all its regions in the UK and Ireland, the Nordics and Southern Europe.
Seb James, chief executive, said he was happy with the performance that follows a “stonking̶1; year in 2015.
“Footfall is good, we are seeing good sales growth and overall the market is flat but we have been growing our market share,” he said.
“The market is not monolithic so phone sales are good, computer sales are down but domestic appliances and TV sales have been quite strong and that is always the best indicator about how consumers feel about the world. When you are selling very low margin consumable goods the market is competitive but we are doing quite well.”
Dixons Carphone could be set for further strong sales during the rest of the year as the iPhone 7 and its much talked about wireless earphones go on sale officially in Britain next week.
Mr James said that the group’s overall strategy, which has seen it break into the US market through a tie-up with Sprint, was on track.
“We are optimistic about the future and our ability to continue to outperform, without in any way being complacent,” he said. “We live in a world with increasingly discerning customers and with more moving parts than ever and we will continue to succeed only by remaining nimble and determined.”
Analysts at Investec said it had been a good start to the year: “The electricals business is much better positioned in the event of a consumer slowdown. After a near decade of restructuring it has reduced significantly the level of operational gearing in the business.”
George Salmon, equity analyst at Hargreaves Lansdown, said: “Dixons Carphone’s robust revenue growth is impressive, all the more so given macroeconomic headwinds in its core UK, Nordic and Southern European markets. The group’s market share is increasing across the board, and a potentially lucrative expansion into the US market is just kicking off.”|
|Lot more to come.
"Shares rose 12.4p to 386.6p, making them one of the footsie’s biggest gainers. Liberum advocated a strong “buy” on the stock and said it was likely to upgrade its expectations for the stock in the coming months".
|Another example of the brexit baby being thrown out with the bathwater. Still plenty to go here, i expect us to be back to the dec 15 5 quid level within 12 months.|
|Vey good update. Can't see any mention of margins which l assume may be affected by the exchange rate volatility ? On the positive side all growth plans and consolidation of premises are going well.
Dixons Carphone plc
Momentum continues: strong growth and market share gains
Trading update (13 weeks ended 30 July 2016)
· Group revenue up 9% year-on-year, with like-for-like revenue up 4%
o Strong performance in the UK & Ireland; like-for-like revenue up 4%
o Continued growth in Nordics; like-for-like revenue up 2%
o Very good performance in Southern Europe; like-for-like revenue up 13% driven by strong growth in Greece
· Continued market share gains
· UK & Ireland property programme on track
Seb James, Group Chief Executive, said:
"We have had another very good quarter and I am happy to be reporting this level of performance today. We are delivering pleasing growth in all markets and continued high levels of customer satisfaction, and, thus far, continue to see no detectable impact of the Brexit vote on consumer behaviour in the UK.
We have an ambitious programme of development right across the Group this year, and this is being delivered on plan. In the UK & Ireland, our exciting new eCommerce platform for Carphone Warehouse is now live, and our 3-in-1 property programme is well on track. In addition, we are now able to deliver the whole Dixons Carphone small-product range to customers across 500 Carphone Warehouse stores, making us one of the biggest and most convenient click-and-collect organisations in the UK. In the Nordics, we will soon start serving customers from our new, enormous, and state-of-the-art small-product warehouse in Sweden. This has been delivered on time, and slightly better than budget.
In our Knowhow division, we continue to plan for our Leeds services pilot later this month and develop our brand and propositions. We are seeing real progress in our Connected World Services business as well, and have signed a new agreement with TalkTalk which sees us expanding our distribution activity significantly. The Sprint rollout continues, and we now have 31 stores across 5 regions. The implementation of honeyBee is also going well at Sprint, and we have a strong pipeline of potential new honeyBee clients.
Looking forward, we are optimistic about the future and about our ability to continue to outperform, without in any way being complacent. We live in a world with increasingly discerning customers and with more moving parts than ever and we will continue to succeed only by remaining nimble and determined. We are lucky to have such a strong cohort of people to make this happen, and I would like to finish by thanking them for their hard work so far this year."|
|"Dixons Carphone rallied as Deutsche Bank reiterated a ‘buy’ rating and a target price of 420p, saying it expects its third quarter results next week to show UK sales continued to grow as it shrugged off the impact of Brexit".|
|Nice steady recovery here particularly nice if you bought some under £3,can see them back at pre brexit levels in time,sterling recovering too.|
|The “technical correction” to Dixons Carphone’s valuation appears to have stung, but he is quick to predict a recovery.
“If you’re Smith & Nephew or GSK or whatever you’re trading like you’ve never traded before in stock market terms. It’ll come back.”