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Real-Time news about Dixons Retail (London Stock Exchange): 0 recent articles
|mike740: Investec hikes Dixons Carphone price target after interims
Maiden interim results from recently merged Dixons Carphone (DC) prompted Investec analyst Alistair Davies to raise his share price target from 395p to 465p.
Davies reiterated his ‘buy’ recommendation for the electrical and phone retailer after half-year earnings before interest and tax came in at £100 million and profits before tax hit £78 million. Both were well ahead of consensus forecasts of £79 million and £58 million.
Dixons Carphone shares gained 14.5p or 3.4% to 441p.
‘[There is] no change to full-year 2015 estimates but estimates look underpinned and we upgrade full-year 2016/17 profits before tax by 2.5%/4% respectively, reflecting earlier realisation of synergy benefits,’ he said.
‘Dividend yield is c.2% but free cash-flow increases in full year 2016 estimates potentially offer scope for further shareholder returns.’
|bit thick: Justwondering 6 Aug'14 - 21:54 - 1875 of 1876 0 0
So based on yesterday's suspended price, what price does it need to open at to be equal to the new price?
If you take the suspended price as 52.95 then 341.61 (cpw today 343) just divide the old DXNS price by 0.155|
|mamcw: A few thoughts:
Say merger benefits are £150m (mid point of speculated range) pre-tax or £120m post tax. Dixons 50% share = £60m. Times by 15 PER = £900m value to merger benefits to Dixons. Say these merger benefits take 3 years to achieve and Dixons share of costs of achieving them is £60m. This implies a NPV of the merger benefits of around £700m or 19p per share.
Share price pre leak was 46p, implying a post merger share price of c.65p. Discount a little for uncertainty of merger not happening and you end up with a short term share price target of c. 60p.
|mikepompeyfan: Repost of Telegraph article. Do people expect it to affect Dxns share price or something ?|
|undervaluedassets: I have been investigating shorting behaviour and the OCADO Share price.
Shorting has as much as anything been responsible for the extraordinary performance of that (as yet to be profitable) online grocer's share price.
In June 2013 the market was short OCADO 17%!!
Short Speculation (and the subsequent buying back of stock) has created massive short squeezes in the OCADO share price .
And as a result last year OCADO put on 430%.
A very simliar pattern is developing here and unlike OCADO DXNS are set to be profitable this year.
The market is STILL 10% short OCADO.
And still OCADO keeps going up.
I am not saying that the same thing WILL happen here but the market is short DXNS 14% and we appear to be flying.
We will see. . .|
|mikepompeyfan: Looks like Dxns realise Seb's statement could have been better put.
Fightback starting imo -
David Lloyd-Seed @DavidL_S 11h
Solid announcement today, well received, share price a bit perplexing, but if we keep on delivering it will look after itself. #DXNSResults
Sebastian James @dixonsseb 14h
Good results. Analysts very positive. Excellent coverage. Share price down, naturally! Not to worry. Will settle back soon enough. ..
Dixons Retail plc @DixonsRetail 15h
@theplipplop Oh ye of little faith!. Share price has performed well over last couple of years. Lots of analysts reiterating recommendations|
|333pete: Another day when the FTSE is up, more DXNS shares bought than sold, and yet the share price continues down. I must admit, I do have some sympathy for Portside's view as my heart sank a little on the forward statement. Felt it could have been better worded to end on a positive note. And the CEO's comment that the share price had "dropped a tad" - 5%! On supposedly good results. Maybe the talk of a 95p bid also pushed the price higher and as that talk subsided so did the share price. My average is just over 49p, and tucked away in my ISA.
Most of the analysts have a 60p price for this share. I note Numismatic has a price of 48p so maybe they know something the other analysts don't. Numismatic certainly have it right at the moment.
Thought about buying more today but have decided to wait and see if it drops further.|
|undervaluedassets: I have been doing some research on weekly volumes...
volume has increased week on week here over the last 4 weeks.
These are the weekly volume numbers (Source Sharescope) for trading in DXNS stock
week ending friday 22/02/13:- 24.23 million shares traded
week ending friday 01/03/13:- 37.52 million shares traded
week ending friday 08/03/13:- 73.74 million shares traded
week ending friday 15/03/13:- 86.25 million shares traded.
This week it looks as if the trend may well continue with 15.22 million shares traded yesterday Monday 18/03/13. This represents the heaviest trading volume of the the five Mondays since week on week volume surge commenced.
It is perhaps superfluous to mention that stock price has gone up 25% over this period.
DXNS share price has gone up so quickly that the share Price is doing a very unusual thing for any stock - It is beginning to leap-frog broker targets.
Conclusion - Shorts are beginning to get out at any price and buy back their positions rather than continue with the agony.
IMHO This short closing has some way to go: -
And here is why - As there were almost 1/2 a billion DXNS shares on loan in Feb simply adding up the volume of shares traded over the last 4 weeks will tell you that there are still an enormous amount of short positions outstanding - And as we are hitting multi year highs day after day it is safe to assume that ALL of these positions are under water.
Barring a major piece of bad news this could become quite entertaining .|
|weemonkey: My local Currys is huge on Cameras.
Horrible to make gains on the back of another retailer's demise; but as with Comet the demise of Jessops could again see a reaction in the market with the DXNS share price.
And why not - We will surely pick up some of their business.|
|jhe: Gents - Still no comment re Comet from KESA. Just some thoughts with regard to where we may be going with the share price It appears that the share price movement is almost very controlled when you look at the daily movements over the last month, thus avoiding too much notice on a daily radar. To add to this the Comet rumours caused a further upward trend which cotinues.
Should the rumours be proved correct then the DXNS share price has been identified as being 57p. I we take a mid point from the recent low of 11p to the 57p this gives us 34p. Last year the share price was 39p when DXNS was losing money. So, is 34p not a too unreasonable share price to expect with all that is going on and a £78m profit forcast? All IMHO and DYOR. Regards|
Dixons Retail share price data is direct from the London Stock Exchange