Agree Dave the company has done substantial heavy lifting in the last few years and costs are dropping away profits ticking up hence brokers now upgrading. They are growing,holding their own going into an improving market what's not to like . It's no longer in the doom loop,management's got a firm grip |
....And iD mobile subscribers grew 30% to 2.1m subscribers, having added 0.5m in the last 12 months. |
The UK and Nordics achieved growth over peak and this represents continued momentum in the UK and a recovery to positive trajectory in Nordics. The group is delivering margin gains as they are less tolerant of low profit sales, improved supply chain and service operations costs and are doing a better job of selling solutions and services. B2B has continued the growth momentum seen in H1 and iD mobile grew its base by >30% to now 2.1m subscribers. All this before we see any signs of consumer recovery in the UK or the Nordics – a reminder our numbers do not require a consumer recovery to be met. Given the improved financial performance, the cash on the B/S, and strong FCF, the group reinstates the FY dividend and provides guidance on its capital allocation plans. Considering the performance, we upgrade PBT by 5%, factor in the reinstatement of dividends and this leads to a revision in our TP to 170p (from 155p). |
Panmure Liberum Valuation – our ROCE/WACC and DCF derived TP nudges up to 170p from 155p as a result of the forecast changes. Key driver is an upgrade to our FCF expectations and now expect c.£70m p.a. for Fy25E and FY26E and then closer to £100m after that. |
If it wasn't for the budget,the stock would be over a quid now.The rating is low,dividends have recommenced but the negative impact of budget measures has inhibited investor enthusiasm.Disappointing that,nowadays,we have indebted governments whose socialist agenda grates with fostering a buoyant economy. |
Excellent results.
Nice to see mobile and the Nordics, 2 areas that have previously had issues, doing well. |
Agree babbler expect it to rise into pension update and then onto finals all good in my view |
Babbler: It is cheap..
Last years profits boosted by selling Greece unit...
So this forcast (beating expectations) is great...
A massive increase....
With a PE of 5.32 for the entire group - it looks cheap to
me. |
Ridiculously small rise considering. Should be above 1 by now... Joy of UK market. |
Great results.
The Mobile business will be valued in two billions in three years now.
Margins up.
Premium Services as Microsoft are awesome. Nordics margins performing as in the best past times.
And the dividend is showing up again.
Great job guys |
Currys
Nice results |
Fair enough we all have our opinions but just look at what's happening as a result of their budget.
Borrowing costs have shot up meaning she will struggle to carry out what she commited too without even more tax rises.
Companies will have to pay much more in NI contributions costing them £millions.
The outlook for growth has been cut with the economy already slowing.
Inflation is now less likely to fall with companies having to raise prices to cover additional costs with the prospect for interest rate cuts reduced.
Very poor decisions were made in that budget imo. |
I still have quite a number... Tim it really is nothing to do with Labour. Most people know the Conservatives called an early election because they knew this crash-ette was coming and they did not want to be holding the baby when the music stopped.
Labour are lucky in that this is at the BEGINNING of their term - it would have been at the END of the Conservative term....
This probably is the time-ish to BUY shares not sell them.... |
Looks like you sold at the right time.Labour are gonna f@ up the economy big style and they don't even care. |
blimey..... |
Update next Wednesday.
From Sainsbury's (Argos) today.
"Sales of toys and large electronics, such as TVs, were hit particularly hard as shoppers reined in spending on non-essentials" |
Do we know any reason for todays fall in Curry Price? |
CITYam
Analysts have backed Currys as their most preferred consumer stock of the year whilst warning investors away from struggling online marketplace Asos.
Panmure Liberum analysts set a target price for Currys at 155p versus its current price of 94.25p. |
Happy new year everyone.Impressive performance here of late but will they deliver with the January update?I suspect they will. |
Net,
Well done here.. I sold out too soon.
Happy New Year all |
Retail sales up last month.
Latest figures out this morning |
Next tranche of Samsung american style fridge freezers being purchased soon. |
Simply Wall St:
Currys
CURY
Last Price £0.93
23.0% undervalued
Fair Value £1.20
Price target increased by 9.8% to UK£1.11
Up from UK£1.01, the current price target is an average from 7 analysts.
New target price is 20% above last closing price of UK£0.93.
Stock is up 88% over the past year.
The company is forecast to post earnings per share of UK£0.053 for next year compared to UK£0.024 last year. |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
