Profit, net cash & cash flow all up significantly |
They are ok results imo but should remember the shares are up around 40% in the last few months so city probably expected more especially with the very strong results from AO yesterday.
L4L sales were down 2% and current sales are (only) inline.
Increase in profits is encouraging though. |
Everything is solid figures if you read through |
Nothing should be returned until they have solid figures |
CURYman jinxed it... |
Strong Performance profit £118m, up 10%Free cash flow £82m, +£174m improvement net cash £96m, +£193mSurplus capital available to return to shareholders |
Not much reaction first thing! |
Nice results, share price should rise but who knows! |
Balance sheet and capital allocationThe Group has a clear capital allocation framework:1. Maintain prudent balance sheet (defined as meeting banking covenants and meeting our own targets for indebtedness fixed charge cover of >1.5x and indebtedness leverage |
Excellent results , |
"we expect AI-powered technology to be the most exciting new product cycle since the tablet in 2010. With our partnerships, scale and expert colleagues to demystify AI, we're best-placed to benefit." |
England still in Euros - should be ok…
Olympics next |
Shocking UT today. |
Yeah just bought an LG OLED amazing pictures unfortunately from Amazon as Currys were £250 more expensive and delivery was more too . |
england progress means currys sells more tvs |
Interesting article.Service has always been the driver of profit.If you believe what he says that there is still plenty of growth in this area could have a big impact on future profits.Sales growth alone has a surprisingly small impact on profits you need the growth in services to really drive profit and it sounds like he is doing the right things. |
4 ways Currys’ services arm is boosting the business
edit:
^ are there any other kind of TVs ? which millenium are u living in ? |
Olympics and Euros
coming up
Flat Screen TVs going up |
I'd guess a new sideways trading range around 80-90p for now rather than another leg up, notwithstanding further expectation-beating news. Some kind of focus on improving the balance sheet would be welcomed while trading is improving, with or without a selloff of iD Mobile. |
Bought a couple of small items on-line early April, went to collect at the Merry Hill store, very impressed with the service and the activity in the store, so bought the shares, very lucky. |
80p is nothing...
Really this should be a lot higher....
Its a great company...
And AI laptops and phones will soon be the "MUST HAVE"....
And of course a place that is MICROSOFT approved..... |
we need to forget 80p and push on to 90p |
Currys Gaming bundle: |
Will ITV or CURRYS hit 80p first? |
As I said while the attemp done by Elliot Management, this company will do better walking alone.
First target price 140p and then 240 are very very feasible.
The market works after a better trusted timing has come. Profit and revenues will grow and here there is a huge operation leverage. |
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