Currys Share Discussion Threads

[jsforum] 20/5/2018 07:22

Currys opened their 4th concession in Tesco at the Wrexham store. Boasting 2500sq ft of retail space this partnership has great potential. Rumours of an aggressive store closure remain but initiatives like this could more than offset with massive cost savings

[mikepompeyfan] 17/5/2018 16:12

The new CEO is a clever and ambitious guy. Expect positive news flow although new CEOs often carry out an initial kitchen sink job with the accounts.


Three senior managers have been forced out at Dixons Carphone as new chief executive Alex Baldock seeks to drive change at the retailer.

Baldock has opted to abandon the two separate UK and Ireland management teams, offloading three managers and creating a new and leaner combined management team, dubbed the group executive committee (ExCo).

The former Shop Direct boss took the helm at Dixons Carphone last month, succeeding Sebastian James who left to head up Boots late last year.

As part of the cull, services chief executive Keith Jones, chief marketing officer Neil Hollins and group strategy director Andrew Lawley are all due to depart next month.

This new management strategy is designed to simplify operations and ExCo is set to meet for the first time later this week.

ExCo will be made up of head of customer-facing operations Alan Ritchie, Carphone warehouse managing director Jeremy Fennell, chief commercial officer Steve Ager, international chief executive Jaan-Ivar Semlitsch and group investor relations director Assad Malic.

Strategy and change director Felix Stauber will also join ExCo, alongside HR director Rob Garner and group chief finance officer Jonny Mason.

“With our many strengths – strengths competitors can only dream of – we’re in the box seat to help millions of customers discover and enjoy the exciting (but confusing and expensive) world of technology,” Baldock said.

“I believe that this business’s best days lie ahead – as does much hard work.”

It comes amid recent major staff changes at the retailer, with its UK and Ireland boss Katie Bickerstaffe announcing her departure last month as she jumps ship to energy firm SSE.

Meanwhile, chief finance officer Humphrey Singer will depart in July to join M&S, while head of Dixons Carphone’s Greek arm Antreas Athanassopoulos will take on the role of chief customer officer in early May.

[aim11] 17/5/2018 13:25

hang on , we are going back to 300....restructuring plan for CPW coming this summer i expect.

[gerdmuller] 17/5/2018 13:10

Amazing that this is up over 50 percent in the last six months and hardly a comment.

Whereas when this was falling all the internet experts appear from nowhere with their this is going to zero predictions.

Must be a big lesson to learn there.

[mikepompeyfan] 05/5/2018 06:21

Punters were tuning back into Dixons Carphone after RBC Capital Markets backed the struggling electricals retailer’s new chief executive and raised its forecasts before the company’s full-year results.

Analysts at the Canadian bank said that Alex Baldock, who has shaken up the Dixons Carphone executive team since he joined last month from Shop Direct, was “likely to speed up decision-making in the business, cut out unnecessary layers of management and improve the customer offer, for instance by improving data analytics and mobile conversion”.

Dixons, whose shares are down by more than a third over the past year, has struggled as manufacturers have lifted prices for electrical goods after a fall in sterling on the back of the Brexit vote. RBC said that this impact was waning and that it was starting to see better prices for laptops and iPads, which should boost sales.

RBC also claimed that next month’s football World Cup in Russia should kick-start sales of televisions and that Dixons’ international business, which makes up about 30 per cent of group profit, is likely to have maintained momentum towards the end of its financial year. With Dixons trading on a price/earnings ratio of eight times, it reiterated its “outperform221; rating and raised its price target to 230p from 210p. Investors took note, pushing the shares up 10¼p, or 5 per cent, to 214¼p, making it the biggest riser on the FTSE 250 mid-cap index. Dixons Carphone publishes its annual results next month.

[bor491] 04/5/2018 10:06

Dixons Carphone rallies as RBC ups price target on expectations of strong Q4

hxxps://uk.webfg.com/news/broker-recommendations/dixons-carphone-rallies-as-rbc-ups-price-target-on-expectations-of-strong-q4--3277543.html

[ny boy] 04/5/2018 09:46

Technicals, 6 month chart breakout

Gets interesting with closes above 216p resistance, as it opens up a run to 300p resistance.

Early days though but one to follow closely

[gerdmuller] 04/5/2018 09:20

Still own a few of these, but what on earth is going on today. Can't see any news.

[momentofclarity] 30/4/2018 10:00

Aye, DC. price action this morning would suggest you could be right

[tim 3] 30/4/2018 09:33

Interesting thanks for posting.

Am not sure it will have that much of an impact.

Argos used to have stores everywhere before the Sainsbury takeover reduced this as they are moved into their shops.

I dont think Asda having an Argos instore will have much impact on dc's sales and Asda already sell electricals.

[momentofclarity] 30/4/2018 09:00

Dixons Carphone shares fall as much as 5.5% in London, before paring decline, as Sainsbury’s plan to introduce its Argos brand to Asda stores fuels concern over increased competition in electrical and home goods products.
Sainsbury’s planned takeover of Walmart’s Asda will create “additional opportunities to open Argos within Asda stores,” Sainsbury said in announcing the deal
Rolling out Argos over a significantly larger store estate “could provide a huge boost to the merged group’s non-food business,” Angus Grierson, managing director at LGB Corporate Finance, said by email
Dixons Carphone down 2.1% at 199.85p at 8:51 a.m. in London

[septimus quaid] 20/4/2018 11:39

In my portfolio anyway, DC. seems to be one of those shares that just takes care of itself with the minimum of fuss and/or stress (although, I've been in an out of Dixons for decades, I'm a relative newcomer at these levels)

[tim 3] 20/4/2018 09:27

Looks like it and after that there is a gap till just over £2.30 so no resistance at all.

[chrisb1103] 20/4/2018 09:14

Pushing on through £2.10?

[tim 3] 18/4/2018 13:32

Chart looking much more positive now it's cleared £2 serious resistance at £2.10 next hurdle.

[tim 3] 07/4/2018 23:15

Yes massive change of senior management, particularly Kate Bickerstaffe who was apparently very well respected in the company and seen as being there for a long time.

But maybe thats the problem everyone a bit to comfortable,needed a shake up.

All the board members who were there when the carphone tie up took place have now moved on.

[opodio] 06/4/2018 15:37

Breaking out over 200p Monday

[ricer93] 06/4/2018 15:15

AO World have a decent update hxxps://www.independent.ie/world-news/ao-world-sees-fullyear-revenues-rising-despite-tough-conditions-36780254.html

Dixons needs to expand - I can't understand why they don't ship internationally for instance - its an easy way to grow.

[gerdmuller] 06/4/2018 14:22

Well same question as above with the one today. Management all seem to be leaving and the share price goes up.

Maybe tells a story!

I think this new guy wants his own people in so he can make some sweeping changes. They need it.

[septimus quaid] 03/4/2018 18:21

jump or push?

[anony mous] 03/4/2018 13:48

Marks Spencer poaches finance chief Singer from Dixons.Many main players leaving Dixons.Let's see what the new guy does.

[munchbowl] 29/3/2018 20:52

Trump having a go at Amazon saying they pay little tax and put many retailers out of business, article in the independent

[lbo] 21/3/2018 16:07

Dixons like the many other UK high street retailers that are now struggling must also have significant annual rental lease obligations that are also only rising even in the face of weakening UK consumer demand. Anyone know how exposed they are?

[anony mous] 20/3/2018 17:37

I have reduced a hell of alot of my shares at loss past few days.Hold minimal now.Still think bears will attack this since most retail stocks have been hammered.