Dfs Furniture Share Discussion Threads

[castleford tiger] 26/10/2020 16:49

wish I had bought more.
they are very busy

[wynmck] 22/10/2020 11:13

Shore Capital initiated yesterday with a BUY and 330p tgt

[frazboy] 07/10/2020 19:14

Tiger - why DFS as opposed to, say, SCS? Is book value more supportive?

[castleford tiger] 06/10/2020 16:01

decent timing
up over 190 now

[castleford tiger] 27/9/2020 22:42

Taken a stake of 30 k shares at average 160 p

[kor_wraith] 24/9/2020 13:43

Nothing too surprising in today's update.

- Revenue and profit decreased due to coronavirus halting deliveries/in-store trading
- Recent trading significantly above last year as demand backlog/increase is met
- Company fully expects to recoup last year's missed revenue, with significant profit upswing this year
- Usual reminders that Brexit/macro-economics add unpredictability to next 12 months

I expect next quarter's trading update will feature excellent numbers as large post-lockdown delivery volume provide record breaking figures.

[tole] 24/9/2020 10:19

https://www.cityam.com/pent-up-sofa-demand-cushions-dfs-following-lockdown-profit-slump/amp/?__twitter_impression=true

[castleford tiger] 27/8/2020 08:09

10 million of assets sold for 300 k

Wow

[elliotset] 25/8/2020 15:00

Back to £2.00

[davidosh] 31/7/2020 09:42

A very strong trading update from SCS so probably a read through from that

[trevor1234] 30/7/2020 18:58

why is this stock up when nearly every other is down today.
anyone any ideas?

[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.