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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dfs Furniture Plc | DFS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.60 | 0.45% | 134.20 | 16:14:31 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 134.20 | 131.00 | 134.20 | 134.20 | 133.60 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 19/03/2024 | Interim | GBP | 0.011 | 18/04/2024 | 19/04/2024 | 30/05/2024 |
| 21/09/2023 | Final | GBP | 0.03 | 30/11/2023 | 01/12/2023 | 29/12/2023 |
| 16/03/2023 | Interim | GBP | 0.015 | 13/04/2023 | 14/04/2023 | 25/05/2023 |
| 15/09/2022 | Final | GBP | 0.037 | 01/12/2022 | 02/12/2022 | 29/12/2022 |
| 15/03/2022 | Special | GBP | 0.1 | 07/04/2022 | 08/04/2022 | 25/05/2022 |
| 15/03/2022 | Interim | GBP | 0.037 | 07/04/2022 | 08/04/2022 | 25/05/2022 |
| 10/06/2021 | Final | GBP | 0.075 | 25/11/2021 | 26/11/2021 | 23/12/2021 |
| Top Posts |
|---|
Posted at 12/6/2024 06:33 by castleford tiger another cut in PBT.# As i said back in March see above Net bank debt at the end of the period is expected to be £165-170m (total facility size £250m) This is costly and as most customers pay some or all of their invoice BEFORE getting the goods, and certainly before DFS have to pay for them.............the Like a travel company you pay well in advance of those costs hitting the business. Share price looks too high for me as the only thing improving is the LFL figures which are now compared against very much weaker periods. Big ticket items are still very much in the doldrums. tiger |
Posted at 18/7/2023 11:56 by strollingmolby Agree with all of the above, DFS is having to service a higher debt now, possibly at higher interest rates (I haven't checked). The lending bank/s must be comfortable with DFS' definition of EBITDA though for the 3x debt/EBITDA covenant - we'll see...Undertaking a £27m buyback and paying a £7m interim divi does seem reckless in the circumstances, though presumably the buyback won't recur this year given the level of debt. Interesting that the price slid back after the buyback ceased in January, after lifting the share price from 110 to 150+. Am seeing the same at IAG now, though that has only been a week. I also noticed DFS stated it would pay out a special divi under the terms of its new capital distribution policy if average net bank debt remains below its target leverage range for a sustained period - which is quite optimistic! |
Posted at 13/1/2023 07:18 by cwa1 Reasonably positive all things considered:-Interim Trading Update Good start to the winter sale trading period Profit guidance reiterated DFS Furniture plc, the market leading retailer of living room and upholstered furniture in the United Kingdom, today announces a trading update for the twenty six week financial reporting period to 25 December 2022, together with an update on recent trading. Summary: -- +10.6% order intake growth* relative to the FY19 pre pandemic period -- Strong second quarter performance supported by further market share gains -- Good start to the important winter sale trading period -- Reiterate our mid case profit guidance of GBP36m profit before tax and brand amortisation (range GBP30m-GBP40m) Trading overview Group order intake for the period* was +10.6% compared to the pre pandemic FY19 period (-4.8% Vs FY22). Following low market wide demand levels at the start of the financial year, trading improved in the second quarter* with order intake growth relative to FY19 increasing to +16.3% (+18.8% Vs FY22). We continue to observe further market share gains based on our proprietary Barclaycard data set. Group gross sales, which are recognised on delivery of orders to customers, are up +9.6% on the FY19 comparator period (-1.1% Vs FY22). Outlook Current order intake performance remains strong, with the important winter sale trading period starting well. Whilst the macroeconomic and consumer outlook remains hard to predict, our mid case FY23 guidance remains unchanged at GBP36m profit before tax and brand amortisation, with the range narrowing to GBP30m-GBP40m. This assumes the improved momentum we have seen in order intake continues through the second half, alongside delivery of planned margin improvements and normalisation of the order bank which remains elevated at the end of the first half due to the weighting of order intake. Profit delivery will be second half weighted with first half profits expected to be in mid-single digit GBP millions. We remain committed to our strategy to lead furniture retailing in the digital age. Our scale, trusted brands, innovation, final mile two-man logistics platform, digital capabilities and integrated retail strategy give us significant advantages in our market and will allow us to maintain our track record of market share gains whilst driving attractive returns for our shareholders. The Group will announce its interim results for the period ending 25 December 2022 on 16 March 2023. Comment from Tim Stacey, Group Chief Executive "The Group has traded well through the second quarter and the start of the important winter sale trading period. Whilst the macroeconomic environment remains challenging and hard to predict, we reiterate our full year profit guidance supported by the positive current trading momentum. As always, we continue to invest for the long term success of the business, to further strengthen our market leading position and with our established platforms, scale and expertise we believe we are well set up for growth over the medium term" *Order intake growth for the period calculated using weeks 1-25 of the financial period (and for the second quarter using weeks 14-25) to remove the impact of the different number of days in each financial year falling into the post Christmas sale trading period. International and Sofa Workshop have been excluded from the order intake and gross sales growth calculations given the closure of these operations. |
Posted at 29/12/2022 15:10 by cwa1 Pelham Cap. increasing:- |
Posted at 11/11/2022 17:11 by markyball87 DFS have lost all their top sales people so thats why profits and sales are down. The big bosses won't release that to the city though.Dont invest in this company they're dishonest. |
Posted at 30/9/2022 15:36 by cwa1 Sizable increase in holding...https://www.investeg |
Posted at 21/9/2022 12:39 by castleford tiger We bought 400k of USD yesterday at 1.14.I hope DFS are fully hedged ( no we are not !) |
Posted at 15/9/2022 20:02 by gaffer73 "The Board therefore proposes to pay a final dividend for FY22 of 3.7 pence per share (FY21: 7.5 pence per share), alongside extending the currently ongoing GBP25m share buyback by a further GBP10m. This will still position our trailing dividend yield at 5.6%, while taking advantage of the significant returns implied by a share buyback." Less divi, more buybacks. Makes sense while the share price is low as long as a recession doesn't bankrupt them. |
Posted at 15/9/2022 07:35 by csmwssk12hu Another profit warning in retail, debt up £72m v last year at this stage but pays dividend and announcement of more share buybacks it can I’ll afford and we wonder why companies in the U.K. go bust all the time, should have cancelled the dividend at least, if sure of its long term future go with the buyback but with nearly have the overdraft in use and sales falling it seems very silly imho dyor |
Posted at 08/9/2022 16:44 by cwa1 Some pretty interesting holdings announced today IMO. Culminating in this from DFS:- |
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