Currys Share Discussion Threads

[tim 3] 18/1/2019 20:33

muscletrade

Apologies you are correct it is next Tuesday and if recent trading is anything to go by should be an ok set of results.

[muscletrade] 18/1/2019 08:37

@tim3....re yr 2893. Believe DC trading statement is 22nd Jan not the 23rd

[tim 3] 17/1/2019 11:25

Lol some how I doubt that I think most people are fed up to the back teeth of hearing about it!!!

[smartypants] 17/1/2019 10:22

Hey...
Maybe every body will go out and buy a new big telly to watch the Brexit celebrations….??
You know, like they did for the world cup.

[tim 3] 10/1/2019 10:43

Well shares looking more perky now maybe a leak from the company about peak sales, would not be the first time.

[tim 3] 08/1/2019 00:46

Yes I agree about the train issues with reception although there seems to be some confusion about how successful and widespread 5G coverage will be certainly initially.

UK credit numbers are up but I still think Alex will have a tough job getting big increases with instore finance people are so used to paying by credit card its simple and easy. Even when they don't eventually settle at the end of the month customers often think they will when they purchase!Getting significantly more people to take on new interest bearing credit, particularly at that eye watering APR along with all the other "extras" staff are expected to sell them will be a challenge for sure.As you say he will have to come up with some clever marketing to make it attractive.

Having said that the shares have fallen so much I certainly think there is upside potential and the company does do a lot of things like internet/store integration (reserve and collect) well.

Anyway time will tell, according to LSE they update on 23/Jan but we also have AO which update on Friday which should give a good indication of peak trading.

Margins is another key figure the city will be looking at.

I don't hold dc, at present but have held many times over the years if he can sort their issues out particularly mobile there is substantial upside potential longer term thats for sure but at present it is a big if. IMO.

[jsforum] 07/1/2019 19:00

You make some valid points but I don't think we'll truly understand the value of 5G until we experience it and discover what new applications we can't live without. I use 4G but the reception is not always impressive particularly on the train etc Another factor is that phones just don't last for years particularly the iPhone batteries so consumers won't be able to stall forever. Despite the recent hike in interest rates in Currys - now 24.9% - customer's appetites for the never never continues to be strong. I expect we'll see a further 5% increase before too long. Customers get sent offers for even more credit once they sign up All Alex needs to do is make the credit option attractive.

[tim 3] 04/1/2019 20:45

jsforum

Good question there there are a lot of questions about its impact I certainly do not see a rush of people paying for more expensive phones on more expensive tariffs from what I have read Apple are not even launching a 5G phone till 2020.

Speaking personally there are very few times I don't find 4G fast enough for my needs so again we are back to the question of whether people see it as a must have feature worth paying more for.

Clearly 5G is the future and yes I do think it will bring some positives for the company eventually but I think it will take some time for cpw to see the benefits I doubt we will see much impact this year and maybe next. imo

[jsforum] 04/1/2019 08:48

So the roll out of 5G this year in 22 uk cities will not improve sales ?

[tim 3] 04/1/2019 00:12

Knowing.

Unfortunately I already have from much higher up!

[knowing] 03/1/2019 23:44

tim you better buy VOD then

[tim 3] 03/1/2019 22:33

The issues in the first part of the article hitting cpw too many people (myself included) just can not justify spending £1k on a new phone with limited additional benefits.

You can buy an iphone 7 for half the price and pay £10 a month sim only.

These problems are not new and are not going away anytime soon infact competition is if anything bringing prices for sim only down further.

[tim 3] 03/1/2019 10:49

So far figures from Next and JL seem to indicate a late surge in shopping saving the day hopefully these will be the same.

[libertine] 03/1/2019 08:06

China was highlighted as a particular pain point, with Apple chief executive Tim Cook saying that revenue in the country accounts for “over 100 percent of our year-over-year worldwide revenue decline.”

[tim 3] 02/1/2019 23:11

Does not surprise me marketing a £1k phone with the number one feature being how to unlock it was never something Jobs would have done imo.

Probably bad news for cpw though.

[tim 3] 27/12/2018 15:28

The way we are going if there are any nasty shocks in the Christmas update we COULD be testing £1.imo

[tim 3] 27/12/2018 08:24

Initial figures from Barclaycard show L4L visitors on Boxing day down 3.1% and 10% lower than Black Friday.

How shopping trends have changed.

[iomdm] 24/12/2018 10:59

PUPUGLY, I read the same article last Sunday and thought exactly the same as you. How could they respond like that when it was obvious what an awful PR result would follow.

[tim 3] 24/12/2018 10:48

Chart wise trading below the initial update drop and multi year low.

No support here could easily fall further imo.

Fundamentally all eyes will be on sales trading now from Boxing day, massively important.

[pugugly] 23/12/2018 17:14

Thanks to above poster " 7 September 2018 that Alex Baldock, Group Chief Executive, has bought 100,000 shares at a price of £1.61, and that Jonny Mason, Group Chief Financial Officer, has bought 100,000 shares at a price of £1.62."

Message received - Question - How close are they to the day to day profitability of the business with this judgement call??

[pugugly] 23/12/2018 14:38

Customer services appear to be non existant - Based on Daily Mail report - Suggest all here holding and suffering contact the company to ask questions about how they were able to generate such very very bad PR - If one of my staff (when I used to run a consumer facing department) had done the same they would have at the minimum received a written warning or more likely instant dismissal

"TONY HETHERINGTON: Currys took £399 payment for a freezer that never arrived and offered not a shred of evidence it was ever delivered"


Well worth reading the article just to see how not to respond to legitimate (apparently) conumer enquiries.



Also quick link to investors ssection of their web-site -

[tim 3] 20/12/2018 20:53

Surprised the bounce off the low failed so soon, outlook looks more negative now, this is a fairly important area chart wise as it represents a double bottom after it broke 150 on the update, if it fails could easily see a succession of further lows.

Of course all bets are off if Christmas trading is much better than expected but that seems unlikely in the current environment.

imo.

[bor491] 20/12/2018 17:36

i sold these for a huge loss earlier this week (to offset against tax) and they've kept falling. What i also don't like is that in the past the company seems to have lent the directors money to buy shares in the company!? [so shareholders would see that as positive]