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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
|
|
|---|---|---|---|---|
| 3.60 | 3.09% | 120.00 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.00 | 120.00 | 120.00 | 120.00 | 116.40 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 04/7/2023 11:55 by fevertreeman StadiumCapital is a value investor and no coincidence in my mind that they see value here now. Debt is still too high, and trading must be weaker than when they cut forecasts in March. Not a happy scenario: consumer under pressure with more interest rates likely meaning winter selling season may be tough and inventory could be an issue. Debt remains too high etc etc etc |
Posted at 13/9/2022 11:18 by hpcg Best I can do is it isn't the obvious short it was. It certainly isn't cheap. Long run average it makes about £50mn a year and the EV is £850mn. The share count is 25% up in the last 5 years, in other words it moves in the wrong direction consistently. At best it is an ok / below average business at a not expensive price. Sure if somehow the next 12 months are not the worst it will experience since the GFC (it will be) then it can probably see its way through to without raising capital and by 2026 it might get to 200-250p where some investors with short memories might not realise that is where it tops out. |
Posted at 23/8/2022 11:35 by davidosh Essential Investor......SCS was in a completely different situation in 2008/9 without the cash buffer it now has and was totally dependent on credit insurance.When the CI was pulled the suppliers could not be confident enough to supply SCS so the business collapsed. That is more likely to happen to competitors this time around. |
Posted at 13/3/2019 13:25 by connorcampbell Will investors need to take a seat following DFS Furniture’s half year results on Thursday?Despite some very healthy figure, in January DFS said that it remains ‘cautious̵ Clearly DFS is very keen to manage investors’ expectations, so it’ll be interesting to see what kind of tone the company strikes on Thursday. As for pre-tax profit, any kind of improvement on the economic anxiety and heatwave hit full year figures will be welcome. Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: hxxps://spreadex.com !YOUTUBEVIDEO:XpwpEZ |
Posted at 13/3/2019 13:24 by connorcampbell Will investors need to take a seat following DFS Furniture’s half year results on Thursday?Despite some very healthy figure, in January DFS said that it remains ‘cautious̵ Clearly DFS is very keen to manage investors’ expectations, so it’ll be interesting to see what kind of tone the company strikes on Thursday. As for pre-tax profit, any kind of improvement on the economic anxiety and heatwave hit full year figures will be welcome. Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: hxxps://spreadex.com |
Posted at 28/12/2017 10:11 by s2lowner Just acquired assets and leases of part of the failed Multiyork for £1.2m not a bad movehxxp://www.dfscorpor |
Posted at 08/5/2017 12:53 by aim11 most of DFS demand is driven by consumer confidence and credit availability, rather than housing transactions, according to their investor presentation |
Posted at 10/4/2017 13:36 by magic Also in March 31 Times, page 52Martin Waller, Tempus Div Yield: 8.3% Future payments look safe enough. ... It can afford to the special payments and its fairly modest expansion plans. In the UK, DFS has 108 stores, adding 2 more in the half year another in April and a small one in Crawley. Growth is also coming from converting warehousing at the stores into selling space and replacing this with distribution centres. Warning given over the impact of Brexit and the pound in terms of consumer spending and sourcing from Asia. The lower pound will probably reduce gross margins by about 0.5 to 57.8 % . This seems containable and the shares down 2.5 at 250, a touch below flotation price sell on 11 times earnings. Worth it for the continuing return to investors. |
Posted at 03/4/2017 22:47 by magic From November 2016An entirely routine scenario Shares of FTSE 250 firm DFS Furniture (LSE: DFS) tumbled 10% when the market opened this morning. This followed news that major shareholder Advent International had halved its stake in the company. Advent is a big US private equity firm. It bought DFS in 2010 and floated it on the stock market in March 2015. It’s post-float stake in the company was 53.2% and it’s been selling it down ever since: to 38.2% in October 2015, to 24.1% in April this year and to 12.1% with its latest sale. We’re simply seeing a private equity group doing what private equity groups do. Moving capital out of a mature investment for recycling into new opportunities. It’s an entirely routine scenario. The latest sale was by a placing to institutional investors at 240p a share and the shares are trading at 235p as I’m writing. With Advent now close to exiting its position, is this a great time to buy? Well, last month DFS posted record results for its financial year ended 30 July and added that trading in the 14 weeks since the Brexit referendum had “not indicated any weakening of demand.” The company acknowledges that 2017 could be a tougher year but reckons it’s well positioned to “mitigate̶ |
Posted at 03/4/2017 22:27 by magic interesting sceptical viewworked out better than the comments suggest so far Signs of continued strain on British shoppers’ spending power would encourage me to switch out of sofa specialist DFS Furniture (LSE: DFS) before the latest financials this week (an interim release is slated for Thursday, 30 March). So far, DFS has proved resilient since last June’s Brexit vote. The furnishings play announced in February that sales during the six months to January grew at a solid 7%, prompting it to keep its guidance for the full year unchanged. But retail indicators have become more worrying recently, as Britons buckle down against a backcloth of rising inflation and expectations of toughening economic conditions as we move through 2017. Sitting uncomfortably Latest Office of National Statistics numbers, for instance, showed total retail revenues fall 1.4% during the quarter to February, the largest three-month drop since 2010. And patchy updates from DFS’s competitors in recent months, warning of slowing sales and the likelihood of tough trading conditions persisting, should come as concern to share pickers. SCS Group advised last week that “trading in February was challenging, largely driven by reduced footfall,” although it added that “we have seen an improvement since the start of March.” And Dunelm Mill warned last month that “market conditions remain challenging” as it also advised of a 1.6% fall in like-for-like sales during July-December. DFS itself cautioned last month that “in 2017 the retailing of furniture in the UK faces an increased risk of a market slowdown given the uncertain outlook for consumer confidence.” And I believe a similarly cautious statement this week could send investors heading for the hills. The City expects DFS to suffer a 53% earnings fall in the year to July 2017. And while the number crunchers expect the business to keep the divided locked at 11p per share this year — a figure that yields 4.5% — I believe the dangers associated with the sofa giant far outweigh the potential of such a lucrative reward, and reckon these forecasts could be subject to downgrades as the year progresses. |
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