Currys Share Discussion Threads

[knowing] 09/10/2018 15:52

Looking cheap again.

[tim 3] 04/10/2018 20:24

£1.50 is big support.

Good chance of a decent bounce if we get there imo.

Problem of mobiles continues though and I think if anything it could get worse with the likes of vodafone struggling with margins and Baldock appears to be having problems getting improved terms from providers with a report in the FT that one provider was talking about walking away.Bottom line is Dixons probably need them more than the other way round as the providers now have plenty of channels to market their products directly cutting out the middle man.

[bladerunna62] 04/10/2018 12:01

Jumped out at ex-d with a view to jumping back in but the way the price is dropping not sure I want to.

[sao1] 04/10/2018 11:41

Headcount cull at HQ

[whatsthepoint] 19/9/2018 13:26

If you all like Dixon's Carphone you should look at TSL as they are the Fin Tech company doing all your phone leading deals They have also sold another credit business to Afterpay of Australia but they retain 6.% of the Europe and U.K. business that Afterpay will launch. The Aus business went from zero to aus$ 4 billion in no time flat Europe and U.K. way way way bigger market The current mcap is all cash and shares in Afterpay Aus So share in new business effectively not valued in mcap not is the existing business in Carphone that floated at 20p DYOR But likely to make you way way more than in Dixon's Carphone !!

[buoycat] 19/9/2018 13:22

Won't omu just fall by the dividend amount?

[knowing] 19/9/2018 12:44

Top sliced to add to OMU for the divi

[tim 3] 14/9/2018 11:15

HiI take your point however I think that due to our better than anticipated progress at the World Cup sales of tv's were higher than projected and this was needed to offset further weakness in the mobile and computing market.

[room_1oh1] 13/9/2018 11:00

Tim, don't you think projected world cup sales would have been priced in to their budget model? A 4 year 'seasonal' variation would be quite easy to include in a fairly standard planning model (though the exact benefit is subject to the usual estimation caveat). If the world cup hadn't been this year they'd have revised their original expectations down accordingly. No need for an additional profit warning.

[tim 3] 11/9/2018 15:40

Hi Knowing.Yes I do that's why I think they are fairly valued ,expectations are low here but I am struggling to see where growth is going to come mobile continues to disappoint and is becoming an increasingly low margin market and new technologies which have nearly always been the catalyst to get the shares motoring in the past look thin on the ground. I also wonder if another profit warning would have been on the cards if it was not for the World Cup.My best bet is they will continue to trade between £1.50 and £2.00 for the time being.

[knowing] 11/9/2018 12:40

Tim what was the price 12 months ago compared to today? Do you not think it i well and truly factored in.

[tim 3] 08/9/2018 08:24

Makes you wonder what would have happened without the uplift from world cup TV
sales.

In the past this has provided a major boost for the group but this year it has mearly prevented a fall in L4L.

Next year they will be up against those figures without the world cup to help.

Mobiles continue to be a major issue people are not only upgrading less often when they do they are going for much less profitable sim only options.

I think they have a considerable challenge just to stand still and the shares which are certainly not expensive are fairly valued.

[tim 3] 06/9/2018 09:23

Looks like some relief it was not worse, mobile yet again continues to overshadow gains elsewhere.



Dixons Carphone said Thursday like-for-like revenue was flat in the first quarter, as World-Cup fever boosted demand for consumer electronics, but struggles in its mobile segment continued.

The retailer maintained its full year profit before tax guidance of around £300m.

For the 13 weeks ending July 28, like-for-like revenue was flat and total revenue rose 13%.

The company said the results were in-line with management's expectations as electrical like-for-like revenue was flat and its mobile segment saw like-for-like revenue drop 1% in the first quarter.

UK & Ireland like-for-like revenue was flat, while reported revenue fell 2%.

Nordics like-for-like revenue was flat with good share gains driven by better availability, while Greece like-for-like revenue was up 9%, strongly outperforming the market. 'First quarter performance was in line with expectations. We've maintained or grown our leading market positions, and our full year PBT guidance of around £300m remains unchanged,' said Alex Baldock, Group Chief Executive.






08:20
A flat quarter for Dixons Carphone
Commenting on Dixons Carphone first quarter trading update, Richard Hunter, head of markets at Interactive Investor, said: 'Given its recent history of a profits warning in May and a fairly sorry set of full-year numbers in June, Dixons Carphone will be pleased with a reasonably uneventful first quarter.

'Revenues are generally flat, with highlights coming in the form of continued online growth of 13 per cent and a better contribution from Greece, up 9 per cent.

'Meanwhile, the sale of consumer electronics was bolstered by the World Cup fever which gripped the country in the summer, and helped to offset weaker performances in white goods and computing. Of some comfort is the reiteration of previous guidance for the full-year ahead profit number, whilst in the background the dividend yield of 6.9 per cent is a compelling reason to stay with the shares as the company’s transformation plays out.

'Even so, Dixons Carphone’s issues will not be resolved overnight. Regular smartphone updates across the industry are dwindling as the market approaches saturation point and for the company mobile revenues have slipped on a like-for-like basis.

'The general pressure on retailers and the possibility of UK consumer retrenchment also weigh on prospects, particularly for the higher end products which the group provides.

'Investors have taken a sanguine view on recent developments, with the market consensus having edged up to a buy since the final results. Even so, the share price remains under pressure, having lost 16 per cent in the last three months alone. Ahead of the next update in December, there remains much for management to do under the bonnet.'

[sao1] 05/9/2018 15:23

Tough retail market condition.

[alfred] 04/9/2018 17:16

A Currys whine!

Ordered a pc from Currys.Stayed in for half a day to collect delivery then they cancelled the order but only after the delivery time was past. No apology, no explanation, no offer of alternate days or products, just a curt notice of cancellation. They took the money in advance and it was three days before it was returned to me. I was so incensed I sent a letter of complaint. I wasn't surprised that it was ignored. It strikes me that a company with this attitude to customer relations has no future.

[tim 3] 04/9/2018 13:49

Not much support before £1.50, surprised we back down here.

[septimus quaid] 04/9/2018 06:19

For info, 1Q 2018/19 Trading Statement out this Thursday (06 Sep 2018)

[chrisb1103] 28/8/2018 18:58

It does. High volume. 220p + by Xmas I reckon.People will be itching to update their phones again soon too. Will all help.

[knowing] 28/8/2018 18:20

Actually looks like they are closing

[vulcan2] 23/8/2018 14:41

I think the Dixons has shorters attention so it may well go down a lot further

hxxps://shorttracker.co.uk/company/GB00B4Y7R145/

[tim 3] 23/8/2018 11:45

Not a bad fall for ex d day.

[knowing] 21/8/2018 14:37

Few more days before we go ex diva looks like the usual run higher

[knowing] 17/8/2018 12:47

You would never think there was 7.75 coming soon. At least QLT is getting active

[septimus quaid] 14/8/2018 17:40

From prelims:

Dividends

The Board declared an interim dividend of 3.5p per share, in line with last year. The interim dividend was paid on 26 January 2018.

We are proposing a final dividend of 7.75p per share, maintaining the total dividend for the year at 11.25p per share. The final dividend is subject to shareholder approval at the Company’s forthcoming Annual General Meeting. The ex-dividend date is 23 August 2018, with a record date of 24 August 2018 and an intended final dividend payment date of 21 September 2018.