Currys Share Discussion Threads

[aim11] 21/1/2018 07:07

Remember before xmas deputy ceo harrison "stepping down" from the Board to go help with CPW restructuring? That was effectively him being pushed too probably after dumping all those shares before that massive profit warning last year. How's he going to do that job with a new CEO coming in, who will have his own ideas about this.

[xxx] 21/1/2018 05:56

The merger with Carphone was a poorly thought out move to gain scale in an unfamiliar area. Seb James was outthought by the CPW team.The US move with Sprint was the next failure.
It was the triumph of patronising arrogance over an honest appreciation of the companies niche and the difficulty in running a successful retail operation in the USA [ think of another UK group which has done so]. Who could possibly have guessed he would be friends with Cameron!
This resignation with The FD's move to basket case M+S, raises concerns about the Tues trading update.

[hades1] 20/1/2018 21:42

Released on Fri afternoon

Dixons Carphone (DC.) shares have been nervy ahead of its Christmas trading update, falling nearly 8%. But in its previous results presentation, management talked of a good start to peak trading with a record Black Friday.

"This is encouraging but since then, several companies have reported weak end of December trading," write analysts at Barclays. "We highlight a report from Kantar Worldpanel from January 10th which revealed strong iPhone X sales in the UK during the last quarter."

It's why the broker predicts UK & Ireland like-for-like sales growth of 3%, Nordics 5%, Greece 5% and group sales up 4%.

Buy up to 231p, says Barclays.

[anony mous] 20/1/2018 21:30

The share price could rise nicely since this is what the markets wanted. Change in management.Who knows!

[swedeee] 20/1/2018 21:07

can imagine the share price falling sharply on open :(

[hades1] 20/1/2018 17:03

Difficult to read how market will take this news.
Should be positive as clear succession.
I assume Fridays fall was due to rumours ahead of the Sky News report which surprisingly had no hint of the imminent appointment of his replacement.
Other than the premature leak, it looks like Dixons Carphone had this all well in hand, almost perfect succession management.
Very unusual unless he was indeed pushed?

[typo56] 20/1/2018 16:51

Must be a typo. It says 23rd Jan 2018 under the News & Events tab.

They still might bring forward to Monday. I've seen it before, to wrong foot traders.

[hades1] 20/1/2018 16:42

Still on their web site

Christmas 2017/18 Trading Statement

A conference call for investors and analysts will be held at 9:00 am GMT (10:00 am CET) on Tuesday 23rd January 2017.
I assume should be 2018.

[tim 3] 20/1/2018 16:26

Hmm never thought of that its would make sense though.

[hades1] 20/1/2018 16:20

Remember reading that they have an investor/analysts conference call organised 9am Tues so might be tricky to change?

[typo56] 20/1/2018 15:56

I wonder if the trading update will now be brought forward to Monday. Get it all out together.

[hades1] 20/1/2018 13:29

Suspect the original plan was to make joint announcements after update.
No need to announce at trading update as just leads to possible confusion.

[tim 3] 20/1/2018 13:27

I certainly don't think they would have got a 50/50 deal now!

In those days Seb no doubt was swayed by the eye watering commission they got from the providers when they signed new 2 year contracts,however those days are well behind them as people replace phones much less often and the ever growing far less profitable sim only market.

Carphone have competitive issues in this area I recently looked at their web site and their deals were no where near as good as a quick google search could get you online.

[aim11] 20/1/2018 13:17

You would have thought they would have communicated it on Tuesday at the time of the results. Clearly someone has a different agenda.

[hades1] 20/1/2018 12:34

Interesting that neither Sky nor the Times seemed to know about the appointment of Alex Baldock when they reported the departure of Mr James.
Speaks volumes about where the leak originated.

[septimus quaid] 20/1/2018 11:47

Anybody got the figures for DC.’s pension fund deficit (if any) at their fingertips?

[bookbroker] 20/1/2018 11:18

Charles Dunstone squeezed a hard bargain from Dixons, it was almost a 50/50 merger, and he needed it more than Dixons, paying the price now, CPW was grossly overvalued, a bit like Talk Talk!

[eastbourne1982] 20/1/2018 10:15

This new CEO looks decent, I believe given time he will get more out of the business than the departing CEO.

Alex Baldock appears to be pretty savvy when it comes to online.

DC. is a dominant online business yet I feel there is much more to come.

The next few years could be interesting especially if you have been buying just above £1.50.

[libertine] 20/1/2018 10:13

Good news that Seb is going.

His heart has not been in it since he missed out on the ITV job in the summer, and it was obvious that he wanted to move on after that.

He`s there until April so good hand over period, and then hopefully new momentum.

Large shareholders have been pushing for a succession plan, they now have it.

What the market makes of it next week, and in the short term, who knows?

The big boys will position the price where they want it.

Personally I don`t think the trading update will be bad.

[hades1] 20/1/2018 10:04

Looks like Baldock accepted the job last Oct 2017 and he working his notice to end Jan 2018.
Was Mr James pushed and got his revenge by leaking his departure on Fri?
Perhaps it’s good riddance?
Not expecting another profit warning as they updated numbers mid Dec.

[tim 3] 20/1/2018 09:56

Agree American Idiot,have said that all along Currys was head to head with Comet on virtually every retail park did not matter who was in charge they would have seen sales surge.

CPW is becoming a liability now certainly as far as the shares go, does not look right in the shops plus lower margins on sim only deals and more people getting phones online and from service providers are a major issue for them.

Merging with them was the main thing Seb did in his time and it was a mistake imo.

Sorting it out will be the first job for Alex.

[american idiot] 20/1/2018 09:43

Dixons didnt even need to merge with CPW.

Comet had just gone under, sales were soaring as a result of picking up the extra business.

Why on earth did they feel the need to take on CPW in the first place ?

Been downhill ever since.

[opodio] 20/1/2018 09:41

Will warn again imho