Dfs Furniture Share Discussion Threads

[bookbroker] 30/3/2020 14:15

Stores more likely to open sooner rather than later, airlines and travel a good deal longer, state this once the curve flattens, would expect around end of April, pending the testing procedure goes to plan.

[sphere25] 30/3/2020 12:42

The situation is fluid out there and government actions appear to now potentially be far more severe than many might have envisaged, even myself. Talk of potentially a 6 month lockdown and so much uncertainty that it could anything either side. Some companies appear to be ok. The likes of HSW (even though horrendous atm) have 12 months, MCS 2 and a half years and TPT 6 months so it will vary from company to company but some have blinked already and done placings (HOTC, SSPG, ARE, TEG) and I suspect this will now be the theme. More uncertainty will cause more companies to place stock and look for additional loans if they can borrow more. DFS will be hoping the lockdown isn't anywhere near 6 months but all funding options will have to be considered now as precuationary measures.

[albanyvillas] 25/3/2020 07:25

4 months before this goes bust Following the UK government's enforced store closures, DFS has closed not only its stores but its manufacturing and distribution operations. By utilising the various government schemes, reducing costs and cancelling the £8m interim div in June, DFS has reduced its monthly cash outflow during this shutdown period from c.£40m to c.£15m. Thus with c.£70m cash resources available, DFS could survive only 4 months of lockdown

[sphere25] 10/3/2020 10:42

Didn't manage to get the short away here. It didn't fall on the days I was looking at it and then just gapped down too much on further days to chase. Horrible results, warning and guidance pulled: "However, given the uncertainty as to how the current COVID-19 situation will develop it is not possible to give guidance with any certainty for the full-year out-turn" Some further detail here on Covid-19: "For every GBP10m of gross sales deferred approximately GBP4m of profit would be deferred and due to the working capital cycle of the business, cash flows would be impacted by around half this amount assuming orders continue to be placed with usual deposit levels." That said, and like the majority of stocks out there, the clobberings have been overdone for a virus that has (imo) a fatality rate akin to a severe flu. Post some short term pain, once the fear settles, markets will recover... Even DFS!

[sphere25] 07/2/2020 09:06

Shouldn't DFS be falling? The DFS factory in China is just four hours outside Wuhan. There are all manner of warning signs relating to supply delays. Here is a relevant extract from the risk section of the report: "...while we have significant internal manufacturing activities and strong relationships with British manufacturers, around 60% of finished good products that we sell are imported from mainland Europe or China. Although furniture goods will not 'spoil' as a result of delays, we would see a deferral in revenue in our made-to-order model. Across the year we on average import goods representing c.GBP10m of revenues each week, thus an increase in lead times could have a direct impact on profit and cash generation in the first financial year that delays occur." BRBY cautioning today on the impact and how it spreading. UPGS investors already pricing in an effect by the recent plunge in the stock. The headlines are hardly showing a turn of events. This could be very significant for DFS. £/$ also not moving favourably despite hedging and trading "broadly in line" with sales down 6% at the last update on the 14th January - that's a mild profit warning which suggests trading could very easily deteriorate. That would fit in with the benign customer spending environment. Are those institutional fund manglers sleeping at the wheel again? Looking like a short term short trade this. Let's see if that 270 mark can hold. 17.02 UPDATE: Stock hasn't even threatened that 270 mark. Not willing to short until that breaks, but a bizarre amount of underlying strength here considering all the gathering storm clouds.

[loafofbread] 23/1/2020 16:55

Interesting dump at £2.75. Double top on the chart?

[loafofbread] 14/1/2020 07:36

Reads like a warning to me. Avoid.

[connorcampbell] 13/3/2019 13:25

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:

[connorcampbell] 13/3/2019 13:24

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

[connorcampbell] 13/3/2019 13:24

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

[cxs1] 11/1/2019 09:09

Well they do keep opening stores, buying out competitors, working web channels etc.. doing all the right stuff, but yes it's a difficult macro situation. They often blame the weather so never easy to tell exactly what drags on their performance the most, but UK uncertainty will certainly keep demand and pricing suppressed. This isn't anything new for them though as they do appear to excel at sales in a discounting environment, with trading experience over many years.

[loafofbread] 11/1/2019 08:32

House sales have ground to a halt in Exeter, the last 3 months have been dire and the next 3 are looking the same. House hold debt is at an all time high. I think they only just managed to get that TU passed but won't be able to with the results statement a few months out. Just my thoughts on what I see.

[cxs1] 10/1/2019 22:11

I'm not sure I'd be inclined to purchase main living room sofas and chairs from IKEA, but would have a nose around DFS, so possibly they target different markets. Saying that I've never bought from DFS either! Loss of the CFO is always an obvious opportunity for news to creep out, well when the newer broom steps up, which is a worry.

[loafofbread] 10/1/2019 21:13

Any thoughts here? My local DFS in Exeter is always empty, especially now since IKEA moved in next door. MCap £460M and debt of £160M which is going up. Something has to give.

[cxs1] 10/1/2019 07:52

Good TU today, bit light on detail maybe. Sales up 10pc, profit forecast maintained. CFO off.

[cxs1] 02/1/2019 15:00

It's all based on the Weather isn't it? ;) So, Winter trading can't have been bad at all so far! Oh hold on, handily, apparently Brexit / Trump sentiment has stepped in and hosed everything. Still prob come good here by April.

[jaknife] 02/1/2019 14:34

Anyone with any anecdotal comments on January trading?

[cxs1] 04/10/2018 12:58

The immediate drop with rapid recovery to previous close looked dubious, mms now letting their people get out quietly. share price will unwind further now until Christmas push.

[castleford tiger] 04/10/2018 12:30

I think the company looks seriously overvalued based on these numbers. Tiger

[cxs1] 04/10/2018 07:36

Poor trading fourth quarter, blamed on the heatwave. Can't have helped but these on going profit drops confirm the significant retail downtrend here. Div of 7.5p maintained this year, but looks increasingly precarious. Yet more stores opened.