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DRTY Darty

171.25
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Darty DRTY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 171.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
171.25 171.25
more quote information »

Darty DRTY Dividends History

No dividends issued between 24 Apr 2014 and 24 Apr 2024

Top Dividend Posts

Top Posts
Posted at 19/5/2016 21:15 by typo56
I've only just noticed that DRTY entered the FTSE 250 on Monday, replacing CWC. That explains the large uncrossing volume at close on Friday.
Posted at 20/10/2015 12:08 by mip55
So..... If FNAC price has gone up 57/53 x 100 ( roughly 7.5%) then new bid for each 39 DRTY shares should be worth about 108p? Is that right?
Posted at 20/10/2015 12:04 by hpcg
There should still be more to come. Not least a better and formal offer sometime in the next 8 days. Last day to be in line for the dividend is tomorrow - that crept up unnoticed.
Posted at 02/10/2015 12:45 by terrys trousers
Calm down Marty W, i know you are who you say. seems to be one person here and other threads trying to stir up trouble, doodlebug4, eg, why is he here in the first place, he hasnt a position, he cetainly hasnt declared it, and hes not on the thread previously. i think hes watching your profile Marty and following your posts.

anyway back to the stock:

Liberum Broker Note

The proposed offer for Darty significantly undervalues the group. The structure of the proposed offer does not deliver fair value to all shareholders. It also precludes Darty shareholders from benefiting in line with Fnac shareholders any future cost or revenue synergies. We see a higher price, a full or partial cash alternative and even possibly a dual London listing as some of the remedies for us to alter our view that this deal is not in the interests of all shareholders

Darty management has delivered against all its stated objectives, is high quality and has support from a high quality shareholder base. The underlying valuation for the Group and now the proposed offer of 101p, do not reflect these strengths, its strong cash flow profile or the future profit potential for Darty.

Fnac is cash rich, c.€540m (Dec 2014) and with little commitment to a dividend policy we question why there is no cash component to the proposed offer. The attraction of Fnac paper, a very different business to Darty, is questionable for Darty shareholders in our view.

A 25% premium for a controlling stake in one of Europe’s largest electronic and white goods retailers is too low. Macro-indicators are improving and the proposed offer appears opportunistic in our view. Q1 trading for Darty was ahead of expectations; several catalysts exist.

Darty’s growth pillars should combine to support a 14% EBIT 3-year CAGR compared to 12% at Fnac. A FCF yield of 13% and a dividend yield of c4% are further attractions. Our new TP of 160p, implies a PE of 21x Apr 2016E and 7.5x EV/EBITDA.
Posted at 01/10/2015 14:53 by terrys trousers
citywire today

Darty receives bid from French retailer
Electrical goods retailer Darty (DRTY) has received a £533 million offer from French entertainment retailer Fnac.

Liberum analyst Wayne Brown retained his ‘buy’ recommendation and target price of 100p on the shares, which jumped 18.2% to 95.8p yesterday .

‘We view the all-share offer, valuing Darty at 101p as opportunistic,’; he said. ‘Firstly, there is no cash component with the offer all in shares, secondly, the 101p offer is only 25% higher than [Tuesday] night’s closing price, and thirdly the offer does not accurately reflect the significant recovery opportunity that exists.

‘We feel there is scope for a much improved offer with certain regulatory and competition issues which may also need to be addressed.’
Posted at 01/10/2015 14:17 by hpcg
tom111 - mentioned on FT Markets Live. Liberum think the bid is opportunistic and DRTY has better prospects than the paper it would be swapped for. Fnac well cashed up so should be throwing some of that our way. Their 160 target based on a 2016 PE of 21, which for a whites good retailer looks rich to me. However I am not complaining and I would even go so far to say that I would accept 159p, or maybe even 158p.
Posted at 23/6/2014 20:22 by alamaison5
I spoke to ZAK MIR and he's going to talk about DRTY on his tip tv program tomorrow morning.
Nice chap.

hxxp://www.tiptv.co.uk/
Posted at 06/2/2014 08:21 by mr_bluesky
DRTY is on the move again.

You just cant hold this share back ;)

Mr Bluesky
Posted at 17/12/2013 19:01 by mr_bluesky
All tha attention is on the likes of dixons but this stock still remains under the trader radar.

The fact that DRTY as rallied over 100p before results in this pattern bodes well for Tomorrow IMO.



If the diary is to be believed, there is only one result of any significance expected on Wednesday: Darty, the European electricals retailer.
This is the company that used to be known as Kesa, back in the days when it owned the Comet chain.
In its September update, covering the trading period from May, the group claimed it was making good progress on its new strategy, gaining market share in its core markets.
However, total revenue was down 1.0% on a like-for-like basis (LFL), with overall gross margin down nine-tenths of a percentage point.
UBS expects the update to "highlight evidence of the operational improvement and better conditions in France".
The Swiss bank forecasts half-year profit before tax of €3.5mln, versus a loss of €11mlm last year, with fiscal second quarter LFL sales growth of 3%. The home market of France is expected to see LFL sales growth of 4%.
UBS predicts the second quarter gross margin will be down by 0.65 of a percentage point, with France down seven-tenths of a point.
"France is set to see H1 EBIT [first half underlying earnings] of €22mln, slightly down on last year with Benelux and Other broadly flat on last year. We expect the dividend to be held flat," UBS said.

Significant announcements expected

Companies: Interims: Darty (LON:DRTY).
Posted at 22/4/2013 11:57 by mr_bluesky
ONE TO KEEP AN EYE ON!

DRTY: share price at the start of this thread 22/04/13: 48p

DRTY is having a tough time atm with its disposal of Comet and the selling of its Italian businesses and the closing of the loss making stores in Spain.

The better news is that France,Belguim and The Netherlands are working out ok!

DRTY seem to be making the right choices in trying to stream line the business,concentrating on the profits and cutting off the dead wood.

I am not optimistic that the final year results on june 19th will be great,but I believe that an improvement will be seen and this could well be enough to re vitalise the share price.The figure to look out for is 30 million euros as that is the lower expectation for adjusted profit for the year ending 30th April.DRTY say that they are not expecting to achieve this,but lets see how close they get.

Technicaly the chart looks to be setting up a potential inverted head and shoulders and with the MACD having risen from well into the -ve to just into the +ve zone and RSI trending up in the 60's things could start to move in the right direction for the price.

Defo one to watch!

Mr Bluesky

P.S: The header name was provided by a poster called HMRC Inspector ;)


DRTY chart 19/04/13:

just thought I would add this chart taken from the close on Friday 19th April.

It shows the descending resistence(green line) and also horizontal support(red line) at cerca 37p.

A break through of the descending resistence and things should start to get interesting for DRTY with near to medium term targets of cerca 60p and 80p,but the first step is breaking the neck line of the IH&S at cerca 50p.

The MACD and RSI are showing promising signs that a break out will follow!

I'm in here at 40p ;)

Mr Bluesky

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