As we creep over the £1 mark, it's worth remembering how the short shorters and the quick buck rampers were trying to influence holders to sell out around this time last year. Well done to those that didn't listen.
Looking out for £1.40 in the short to medium term, then will re-assess the outlook.
Fully loaded. |
Gosh some bitter people on here if it's that bad don't buy a rising share in the best shape it's been in a long time, happy days roll on triennial review |
“Then don’t go to Currys it’s that simple”
I didn’t particularly choose to buy from Curry’s, I could have bought exactly the same product at exactly the same price from Argos. Curry’s bagged the sale because there was an empty parking space next to the bacon sandwich van which was more nearer to the curry’s door than the Argos door, it was that simple. Argos at least 50m away. |
Currys make most if not all of their profits from add ons and warranty's , product sales pays the bills add ons make the profits. If a salesperson is not going into it in detail they are not doing their job.The line between that and the hard sell is fine though! |
Then don’t go to Currys it’s that simple |
Curry’s annoyingly try to upsell useless warranties and insurances with products that are already covered under the manufacturer’s warranty.
The Curys salesman tried to sell me extended warranty and accidental damage insurance, which I declined, then annoyingly while I was waiting the 20 minutes for them to find my iPad in the stock room, I was asked to purchase insurance again 🤷a94;️ |
So you have been going into Curry’s for 30 years which implies from your posting that you never learn to go elsewhere. Which tells me that you haven’t a clue !
Are you a shareholder Loganair ? |
loganair: I've never had that problem.
You might be suffering from a bad case of Texas Sharp Shooter bias. |
Over the past 30 years, all the Currys I've been in, except for a couple of times when I've manged to have a chat with one of their engineers, the staff have been exceptionally ignorant and a lack of knowledge about any of the products they sell.
A few years back I bought a TV/DVD Combi from Curry's, the DVD part wasn't working properly. I took it to the Currys Knowhow section and all I can say is they didn't knowhow, were completely clueless.
The only reason why they are still around is simply because they are the last national chain standing, if they had any real decent competition Currys would have gone out of business long ago. |
Just been to my local Currys with a damaged TV and connector and the two guys could not have been more helpful.
Instead of trying to sell me a new TV they investigated the problem and the TV is now on its way to the Curry's repair centre.
So lets not be knocking them to death there are a lot of good people and expertise within the stores. |
Going to Pc world was a huge percentage of my teenage years… it’s great to see it’s inheriter business doing well |
The biggest problem with Currys is their sales techniques which hasn't changed over the past 30 plus years.
In the late 1990s, between contracts I managed a Dixon store for 3 months. The companies sales technique is to sell the most expensive product even if not suitable for the customer then without really asking the customer to add as many peripheries as possible, just taking them up to the cash desk.
Late last year when I needed to buy a new computer and just now a fridge/freezer, I couldn't believe it how the sales technique had not changed, none of Currys sales people showed any real interested in me, the customer, this is why I went to my local independent dealer who popped by the house for free, saw exactly the fridge/freezer I needed and will be fitted Wednesday. |
I bought an iPad Pro from curry’s today for £1299. I also fancied a MacBook Pro which was £3499, I told the salesman I’ll buy both an iPad Pro and a MacBook Pro (£4798 combined) if they offer me a fair discount. He declined so he lost the sale to a competitor where the manager offered me £199 discount. Unlucky for Curry’s 🤷a94;️ |
Thanks Mr Market this has made up for my ITM Power disappointment... |
thanks for posting that dave. |
 Panmure Liberum research-
FCF doubles from here... expect shares to do the same
The drivers of significantly higher FCF are tangible and not reliant on a consumer recovery to potentially double by FY27E. This is not well understood or appreciated by the market, as if it was, the shares would not be on a 11% FCF Yield. Dividends have returned earlier than expected and with a clear capital allocation framework means that if FCF does exceed our expectations over the next few years, then buybacks are likely. The alpha on offer is material and the drivers are very real. Following a year of upgrades, this is one of a handful of stocks that offers earnings and FCF growth and upside. BUY
A market recovery is not needed to hit forecasts, but a resurgence in demand from any tailwinds from a tech replacement cycle and new AI infused products could lead to a revenue beat. The competitive environment is more rational across all markets. With significant improvements in gross margin and fixed operating costs achieved over the last three years, we believe incremental revenues now convert at a 20% margin. Key point - Every 1% change in sales = around £10m PBT uplift. This means that the uplift to FCF is material. We forecast £75m of FCF in FY25E (after pension contribution). FCF rises to £92m by FY27E but we see the potential for FCF to hit £147m by FY27E – double that of FY25E. We detail these moving parts below. On valuation the current FCF yield is 10.5% for Dec-25E, but if the BlueSky scenario comes to pass then the underlying yield on offer is > 16%. The analysis shows that in a Blue-Sky scenario, FCF after pension contributions would be 60% higher than what we currently forecast for FY’27E. As and when the pension contributions end, the upside to FCF increases to >100% vs. our FY’27E estimate. Also, there is scope for further upside from working capital in the core business. |
Or is it the wrong thread... 😀
Rising nicely... |
woops wrong thread... Sorry |
"IF" Smiths close most of their shops that will actually increase CURRYS sales...
Smiths sell a lot of computer paper and computer accessories... So any closure will drive more people into Currys...
Cheers Net.. |
The reason the FTSE is flying is because most of its earnings come from overseas.The FTSE 250 which is more representative of the UK economy is below where it was before the budget and well off record highs.
While I agree some of the redundancies at Sainsburys are company specific, closing of cafes and counters was already on the cards, the increased costs due to Reeves budget mean companies will look at operations and parts of the business that were borderline profitable before may not be anymore and they will cease them causing job losses. |
There used to be no mileage in credit crunches as most of western world in same boat so it’s not going to happen… that’s a pipe dream of some dystopian conspiracy cult |
netcurtains, Currys will be looking at their employment costs and how best to manage them in the light of this governments actions. My guess they will want to move to not exceeding £5000pa for part time workers. Perhaps more very low paid part timers, or devise ways and means of 'sweating' the assets?
Perhaps somebody will set up an agency so that part timers can do several jobs with different employers all under the £5k NI threshold? They'll still have to pay 50% more for their bus fare though.
I believe the overall market is rising due to a surplus of 'fast' money simply chasing assets that are perceived as safer then cash. The actions in the Bond markets suggest that a credit crunch is very close, whereupon one would expect to see a panic to get out of the market. Then you get massive lay offs as businesses go into survival mode. |
lefrene I dont think you made it clear why this helps Currys..
Clearly what ever Rachal Reeves has done has boosted the entire FTSE
(well done Rachaal) but, I agree its more by "luck" than antying else
(unless she has done something really clever that no one has noticed). |
netcurtains, it will be because of the very sharp rise in the cost of employing part-time workers. I suspect Currys may do a similar thing, that NI on part timers earning over £5000 is going to hit retailers hard, and the workers themselves are going to lose half their income, plus their bus fare has jumped 50%.
The working poor spend their income very quickly as they have many needs, thus a lot of money is going to be stripped out of retail. That dim woman doesn't seem to understand the most basic of things. Meanwhile overpaid train drivers will not be spending their extra moolah as most likely they already have pretty much all they need. It'll go on holidays abroad most likely, or a new foreign car?
I recently used a large branch of Currys, it was a positive experience, helpful but not pushy staff, I would go back there again. |
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