Currys Share Discussion Threads

[stewart64] 27/3/2019 06:14

I'm most worried about the PC World bit here. I know 92 stores have closed and no doubt that will continue apace. Those wedded to their home pcs will disagree, but just about all data these days is performed on smartphone. A venture capitalist said 90% of his work was conducted on smartphone yesterday on the BBC's business briefing. Why would you spend much money on home computing when usage is collapsing. It's not mobile, it's not minamalist, it's no longer modern.

[jondev] 25/3/2019 13:51

I wonder if Apples impending announcement about the new hardware and streaming services will have a positive impact here?

[tim 3] 25/3/2019 10:18

Thanks that's quite significant imo.

[libertine] 24/3/2019 10:39

Dixons Carphone is off the hook in row with mobile networks as it signs landmark agreement

[tim 3] 17/3/2019 08:56

Cheers hades agree unlikely to be the FCA announcement markets react in seconds these days rather than hours and that news while it could have been worse can hardly be described as positive anyway.

Chart look much more positive now anyway lets see what happens this week.

Apparently staff morale is good at present (unusual in retail in present but important in a company like this) and they really like the new guy no doubt helped by him giving them share options.

Well done those that got in recently.

[hades1] 16/3/2019 19:17

Either way next stop 170p?

[hades1] 16/3/2019 19:14

Nothing to do with FCA announcement 36 hrs earlier.Major rise in the closing auction on extremely high volume.Either to do with options expirations or something more meaningful.Will know either way by Monday open.

[tim 3] 16/3/2019 17:20

Yes but the fca announcement was pre market Thursday and it seemed to shoot up mid morning Friday could be a delayed reaction I guess.

[f880gna] 16/3/2019 16:50

Check the newsfeed.

[tim 3] 16/3/2019 15:42

Any idea why the sharp rise on Friday?

[knowing] 12/3/2019 13:26

Added a few more on the pull back today.

[knowing] 08/3/2019 15:56

Good price for an entry here.

[nick rubens] 30/1/2019 17:21

Was waiting for a pullback but decided to buy today as waiting for pullbacks has usually kept me out of a long term recovery as the share price creeps up. Have to accept I missed the bottom bargain price.

[mikepompeyfan] 28/1/2019 11:18

Dixons Carphone PLC (LON:DC) was a strong performer on Monday helped an upgrade in rating by Morgan Stanley to ‘overweight217; from ‘equal-weight’ on valuation grounds.

The US investment bank raised its target price for the FTSE 250-listed electricals retailer to 240p from 175p, with the stock trading at 146.40p, up 3% on Friday’s closing price in early morning trade.

In a note to clients, Morgan Stanley’s analysts pointed out that Dixons Carphone's market cap – of about £1.65bn - is now around 20% lower than the standalone value of Dixons prior to its merger with Carphone Warehouse (CPW).

They said: “Given that the Dixons side of the business has performed better than we were forecasting, and the CPW side is now likely to generate strong cash flows, we think this has left the shares looking very oversold.”

[libertine] 28/1/2019 09:13

28 Jan Dixons Carphone Morgan Stanley Overweight 146.45 175.00 240.00 Upgrades

[mikepompeyfan] 24/1/2019 12:10

Looks like it's bottomed out to me. The kitchen sinking has been done and the trading statement was better than expected. All the bad news has been discounted, although the whole market is likely to be affected by the ongoing Brexit debacle.

[nick rubens] 23/1/2019 15:03

Thanks Tim, I had no idea it was reduced. Still 5% is not too bad and at least it's priced in then. I am considering adding some to my SIPP. Just not sure when i'll hit the buy button.

[nick rubens] 22/1/2019 14:20

Dividend Yield 8%, hopefully no cut is being considered?

[tim 3] 22/1/2019 11:51

Market seems happy, a decent set of results, peak sales looked strong.

Mobile still looks horrible but did well in other areas.

[3dwd] 22/1/2019 09:36

I like... Structural recovery play.. With added chance of activist interest..

[aim11] 22/1/2019 09:18

this stock is so bad i don't know how everyone here stays interested in it.

[skinny] 22/1/2019 07:22

Good Peak performance in line with expectations

· Group like-for-like revenue up 1%

o UK & Ireland electricals like-for-like up 2%

Operational highlights:

UK electricals

· Record Peak sales across all categories driven by Gaming, Smart Tech, Small Domestic Appliances and Vision

· Stand out performance from Gaming, up 60% year-on-year

· Overall product availability up on last year

· Market share up 30bps with growth across all categories and channels

· Good Peak on credit with customer base reaching 802,000 versus 711,000 at the half year

· Online growth of 8% over the period and YTD 28% of total sales, +2ppt year-on-year



UK mobile

· Mobile like-for-like down 7% as expected, impacted by lower volumes of 24 month postpay. Two-year like-for-like was flat in Q3 and like-for-like was down 3% YTD

· Market share in traditional 24 month postpay held against market declines of 8%. Growth in the new longer than 24 month postpay segment continued, an area we do not currently serve

· iD Mobile continued its growth with the customer base surpassing 975,000 customers



International

· In the Nordics, particularly strong growth in Sweden and Denmark with good growth in Norway also achieved, more than offsetting a softer market backdrop in Finland

· Record Black Friday and Peak period with particular strong performances in Gaming, Mobile, Consumer Electronics and Major Domestic Appliances

· Nordics market share up 20bps with growth across all categories and channels

· Greece: excellent performance across all categories with particularly strong growth in Mobile, Major Domestic Appliances and Large-Screen TVs

· International online growth of 22%



Investor and analyst call

There will be a conference call for investors and analysts at 7:45am GMT (8:45am CET) this morning

Dial-in details - UK/International: [phone]; passcode: 31 21 93

Seven-day replay - UK/International: [phone]; passcode: 12 95 63

§ Share gains across all categories online and instore, offsetting market decline

o UK & Ireland mobile like-for-like down 7%

§ Continued decline in 24 month postpay market, down 8% in the period

§ Two-year like-for-like flat

o International like-for-like up 5%; Nordics up 3%; Greece up 19%

§ Gaining or holding share in all territories

· Stable gross margins across the Group

· 2018/19 Group headline PBT guidance of around £300m unchanged

· Good early progress on strategy implementation


more.....

[3dwd] 21/1/2019 13:55

SKY story just out re Elliott taking a stake in the Dixons