Currys Share Discussion Threads

[farrugia] 08/6/2020 12:42

nice now up to 96p - still has plenty to go!

[farrugia] 05/6/2020 15:31

broke up nicely

[farrugia] 04/6/2020 09:13

One of my biggest holdings now. Can't understand why this is still trading under 100p but at least its going slowly up now.

[ny boy] 03/6/2020 08:41

Looking bullish, mirroring the general markets, looking for a sustained move to 120p now dyor as usual

[farrugia] 02/6/2020 09:57

ticking up finally - just wait until they announce the re-opening of stores! And lest we forget their stores in Sweden and Norway have never closed!

[tim 3] 01/6/2020 12:08

Yes they did ok in the first phase how they will do in the next stage with staff being paid again and the restrictions remains to be seen, market seems to be cautious.

[boix] 01/6/2020 10:49

Question is whether this continued beyond initial thirst for tech for remote working and schooling?

[tim 3] 01/6/2020 10:01

To be fair they have done well retaining 2 thirds of sales online since stores closed.

[farrugia] 01/6/2020 08:19

just wait and it will bounce strongly like one of my big holdings DLAR today. There is no reason why Dixons is trading this low.

[double dd] 31/5/2020 16:05

Its a shambles of a company
I am afraid people shop there as no choice left on the high street, if you went online would people shop there.. looking at the share price the market doesnt think so

[noirua] 31/5/2020 15:49

WARNING!. Before ordering online from Currys-PC World read this article. I can confirm it is true from personal experience:
'I spent five hours trying to get my money back': Currys PC World customers say they're struggling to complain with orders left in limbo
14 May 2020

The company is owned by DIXONS CARPHONE LSE:DC.:

[sr2day] 28/5/2020 14:00

it needs to break 80p for further advance.

[boix] 28/5/2020 10:40

I do worry about the property leases since many stores need to close.
Should I worry?

[roks] 27/5/2020 13:28

fekin sods law...sold this mornign after getting fed up of waiting

[farrugia] 27/5/2020 09:39

Whatever, this is trading at ridiculous levels now. Here's what you get for 860.03 million!

United Kingdom and Ireland
Carphone Warehouse – mobile phone retailer
Currys – specialises in home electronics and household appliances
PC World – specialises in computing; increasingly combined with Currys in dual branded stores
Team Knowhow (rebranded from Knowhow in July 2017) – a provider of after sales product support and cover; provides home delivery, installations and repairs
Dixons Travel – a retailer operating in the main airports in the United Kingdom, Dublin Airport in Ireland, and on board P&O's cruise ship Ventura
iD Mobile – a 4G mobile network operator (United Kingdom)
Northern Europe
Elgiganten – ("Electrical Giant") sells home electronics and household appliances in Denmark and Sweden
Elkjøp – ("Electrical Buy") sells home electronics and household appliances in Norway
Gigantti – ("Giant") sells home electronics and household appliances in Finland
Dixons Travel – operating in Oslo Airport
The KnowHow brand is also present in the Nordic stores.

Southern Europe
Kotsovolos – sells home electronics and household appliances in Greece

This is ridiculous when AO World has a market valuation of 616.45M now. The nordic retail stores haven't even been stopped during this period and they also have strong online offerings in there.

[tim 3] 26/5/2020 16:19

There is little doubt DC have made the best of a bad situation achieving very strong online sales.

However when stores start to open again it seems likely to me that sales will not quickly bounce back to where they were with restrictions on numbers amongst other things.

When you consider margins are wafer thin already the costs of paying staff again could reduce this still further.

Alex has already said he thinks some customers will never return to stores, I cant help but think with their huge physical store overheads and the accelerated move online this has to be a concern.

[tallprawn] 26/5/2020 13:02

I was expecting a push towards 80p today I must admit.

[roks] 26/5/2020 12:54

something doesnt add up

[farrugia] 22/5/2020 15:36

but it doesn't make sense



Dixons gets much more traffic than AO and besides that they have the international Nordic and Greek businesses.

ao market valuation = 546.48M
dixons market valuation = 803.19M

[tim 3] 22/5/2020 14:39

Have not been a big fan of AO in the past but they could be a huge beneficiary of this many customers will continue to buy online and DC 's estate is huge and could be a real concern if enough customers continue to shop online imo.

[double dd] 22/5/2020 14:28

Its cheap but cheap for a reason, management have done nothing what they said they would do. Write down from cpw will be huge.. Redundancy/stock loses/ goodwill etc. Cant see it going much lower or be terminal. However AO are flying ... ?

[farrugia] 22/5/2020 14:01

that's not exactly right - most stocks haven't really recovered. This could have some new life injected to it when its able to reopen the UK shops.

[roks] 22/5/2020 13:23

What the hell is going on with this sp? Everything else is recovering but DC. and CNA

[tim 3] 19/5/2020 13:09

I can see a lot of people continuing to buy online as Alex has already said and this could push many of its stores into loss makers.Hence why AO has done so well recently.It just worries me the huge size of dc's estate,even with the carphones shut down there are 6 large stores within a 10 mile radius of us.