Dfs Furniture Investors - DFS

Dfs Furniture Investors - DFS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dfs Furniture Plc DFS London Ordinary Share GB00BTC0LB89 ORD GBP0.10
  Price Change Price Change % Stock Price Last Trade
9.00 4.19% 224.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
225.00 216.00 229.50 224.00 215.00
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Industry Sector
GENERAL RETAILERS

Top Investor Posts

DateSubject
13/3/2019
13:25
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 ‘cautious̵7; around its full year outlook, the company ‘mindful of the broader political and economic uncertainty and the further risk this may pose to consumer confidence’, alongside the potential impact on leads times for the made-to-order products it sources from overseas. 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/?tid=388272 !YOUTUBEVIDEO:XpwpEZCHVXQ:
13/3/2019
13:24
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 ‘cautious̵7; around its full year outlook, the company ‘mindful of the broader political and economic uncertainty and the further risk this may pose to consumer confidence’, alongside the potential impact on leads times for the made-to-order products it sources from overseas. 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/?tid=388272
28/12/2017
10:11
s2lowner: Just acquired assets and leases of part of the failed Multiyork for £1.2m not a bad move hxxp://www.dfscorporate.co.uk/investors/news-centre
08/5/2017
11:53
aim11: most of DFS demand is driven by consumer confidence and credit availability, rather than housing transactions, according to their investor presentation
10/4/2017
12:36
magic: Also in March 31 Times, page 52 Martin 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.
03/4/2017
21:47
magic: From November 2016 An 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 “mitigate̶1; economic headwinds thanks to its “resilientR21; business model. If so, it could indeed prove good value today on a trailing price-to-earnings (P/E) ratio of 9.9 and dividend yield of 4.7%.
03/4/2017
21:27
magic: interesting sceptical view worked out better than the comments suggest so far http://www.fool.co.uk/investing/2017/03/27/2-dividend-stocks-id-sell-right-now/ 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.
24/2/2012
08:38
thebigbadbear: When there is a group of lions it's called a pride. What do you call a group of gullible investors?
03/10/2011
12:25
olivercromwell: Small Talk: Chinese shipbuilder sets course for a listing on Aim (Nikhil Kumar) Monday, 15 August 2011 Alternative investment market (Aim) investors have a host of options when it comes to putting money in oil and gas and mining. Up to now we've not been able to think of any shipbuilding options. But that is about to change: China's Dongfang Shipbuilding Company is due to announce its intention to float today, with dealings expected to commence on Thursday. The company – named as one of China's top 500 manufacturing companies last year – makes a variety of small and medium-sized vessels at its shipbuilding yards in the country's Anhui and Zhejiang provinces. So far, it has focused on chemical tankers, bulkers and multi-purpose container ships. Between 2008 and 2010, it built 12 chemical tankers, ranging in size from 5,000 to more than 9,000 dead weight tonnes, and five multi-purpose container ships. The company seems to be on a promising course as its order book stood at around $89m at the end of June. Encouragingly, the local industry is vast and growing. A recent OECD report showed that, in terms of annual output, China was the world's third largest shipbuilder in 2007, "a rank that it has held for over a decade". The same report highlighted statistics from the Commission of Science, Technology and Industry for National Defence, which showed that China had more than 2,000 shipbuilding companies in 2005. These firms employed about 400,000 people, and 315,000 of these worked for the 480 largest companies. In terms of growth, the OECD pointed to figures published inChina. The data showed that during the period of the country's 10th national five-year economic plan (which ran from 2000 to 2005) the industry booked an impressive average annual growth rate of 29 per cent. It's also important to note that the Government has been vigorous in supporting the industry, whose growth has been "closely linked to the Government's macroeconomic policies", according to the report. Turning back to Dongfang, it's not all about making ships. The company is also active in the shipping business itself. It expanded into this area in 2009, after the cancellation of some contracts left it with five vessels on its books. This was the result of the global economic crisis, which meant that the customers in question could not pick up the ships. Rather than selling them, it decided to make the most of the fleet, which was bolstered with the two new vessels, and moved into the shipping arena. A further two ships are under construction and are scheduled to join the fleet this year, taking the total to nine. Taken together, the two businesses – shipbuilding and shipping – employ around 530 people. "The group's admission to Aim is a significant step in our development, as it will raise Dongfang's profile to potential customers across Europe and enhance the group's standing with its partners," the firm's chief executive, Chen Tongkao, said. "There are considerable opportunities in our sector, and with access to capital markets the group will be well placed to make acquisitions in the future."
04/3/2004
17:45
spob: Link - http://uk.biz.yahoo.com/040304/35/eno61.html Above is a link to the full article on Motley Fool website -part of which is shown below. Kirkham's 415p DFS Bid: Derisory For Shareholders By Maynard Paton It wasn't just the Qualiport that noticed the shares of DFS Furniture were 'very cheap' last month. The furniture chain's chunky dividend yield and substantial cash hoard have proved too tempting for Graham Kirkham, the company's executive chairman. A statement this morning confirmed Kirkham was 'contemplating making a possible offer' for DFS, though the planned bid price of 415p per share is derisory. The Qualiport is holding on. Talking down to investors Doing his best to talk down the prospects of DFS, Kirkham made the following remarks: "Over the last two years the market place in which DFS operates has become much more competitive, as major retailers from other sectors have entered the home furnishings market. I do not believe this is temporary, but represents a structural change in the market place. As the UK's number one upholstery retailer, DFS is more affected than others. This increase in competition combined with the prospects of higher interest rates means that conditions in our market will become even more demanding. I believe that DFS would be better able to deal with these conditions as a private company, free from the need to continue to deliver consistent growth in sales, earnings and dividends. Since flotation in November 1993, DFS has grown annual operating profits from £18.6 million to £55.9 million. DFS' market capitalisation has increased by approximately £166 million from £271 million at the time of flotation. In addition, DFS has returned approximately £228 million to shareholders. I do not believe this level of profit growth and value creation for shareholders is sustainable. An offer price of 415 pence per share would represent a full and fair price to shareholders." Naturally, the comments contradict Kirkham's thoughts from October's preliminary update: "I remain totally confident, however, of our ability to meet all the challenges in our market place and that the fundamental strengths of our brand and concept will enable us to continue delivering profitable growth for the benefit of our shareholders in the future."
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