Dfs Furniture Share Discussion Threads

[wynmck] 11/11/2022 17:57

profile only created today to post that?

[markyball87] 11/11/2022 17:11

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.

[castleford tiger] 07/11/2022 16:41

Riding the wave up but at 150 I will take some out

[cwa1] 04/11/2022 07:36

Some, relatively, positive news from today's update:-

Tim Stacey, Chief Executive, commented :
"We are pleased to report that since mid September we have seen positive year-on-year order volume growth. While we continue to be watchful of the macro economic environment, we continue to take market share and our market leading position, inherent scale and proven strategy give us confidence in our future prospects."

[cwa1] 30/9/2022 16:36

Sizable increase in holding...

https://www.investegate.co.uk/dfs-furniture-plc--dfs-/rns/holding-s--in-company/202209301445274026B/

[castleford tiger] 29/9/2022 08:54

here we go

[castleford tiger] 29/9/2022 07:13

sub 100p i fear now
tiger

[castleford tiger] 21/9/2022 13:39

We bought 400k of USD yesterday at 1.14.

I hope DFS are fully hedged ( no we are not !)

[gaffer73] 15/9/2022 21:02

"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.

[currencytrader1] 15/9/2022 18:57

They are borrowing money against bank facilities to fund buy backs, while debt is 80 million..I'd be surprised if they survive.
Board must be very inexperienced.

[hpcg] 15/9/2022 12:08

If people are buying less meat then I think their sofa budget is likely 0. I don't like shorting in the face of buybacks, and in some respects this is the time to do it rather than at the top of the cycle. The million dollar question is whether their cash calculus is correct. Just watching for now.

[gaffer73] 15/9/2022 09:01

It does seem strange how they are extended the buyback. They must be confident of future sales.

[csmwssk12hu] 15/9/2022 08:35

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

[gaffer73] 13/9/2022 11:56

Makes 50m with EV of 850m yet mcap is 350m. Looks cheap to me.

[hpcg] 13/9/2022 11:18

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.

[castleford tiger] 13/9/2022 10:55

probably see the fantastic value at the current price.

tiger

[gaffer73] 13/9/2022 10:35

Yes, very interesting. Are they lining up a takeover bid?

[cwa1] 13/9/2022 07:19

Interesting to see Adriana increasing. Wonder what their ultimate plan is?

[hpcg] 08/9/2022 18:49

I closed my short here and elsewhere a couple of days ago when it became clear there would be assistance with energy bills. Not considered doing a 180 though as the shape of the economy is very much up in the air.

[cwa1] 08/9/2022 17:44

Some pretty interesting holdings announced today IMO. Culminating in this from DFS:-

[cwa1] 05/9/2022 10:27

HOWEVER, just a "passive crossing" due to the share buyback, so nothing really to see here...

[essentialinvestor] 23/8/2022 11:59

David - look at the 2006/2007 ScS Annual Reports - they had a sizeable
cash buffer pre GFC, circa £40 million, from memory.

Just to be very clear I'm not predicating anything, I just thought it worth mentioning.

[davidosh] 23/8/2022 11:35

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.