Currys Share Discussion Threads

[salpara111] 16/6/2019 13:06

The mobile upgrade cycle is well and truly screwed.
I just "upgraded" my phone. I was looking at various options around the £500 price point but having done my research I ended up buying a brand new in box Samsung Galaxy S7 SIM/Contract free for £185! it is a great phone and does everything I need.
A friend of mine who has money to burn....he is single and works for Credit Suisse, has an Iphone 6s, the battery recently malfunctioned, rather than buy a new phone, he went into the Apple store and they changed him into an "as new" identical phone for £45 he is happy as he did not want a giant Iphone 10!
If people who can easily afford the latest and greatest phones are happy with their current ones then the business is screwed.
Clearly DC have other business lines but phones have been very profitable over the last 10 years.

[tim 3] 16/6/2019 12:11

Also quite a few stories about reduced profits and mobile slowdown in today's press should be an interesting update.

[hades1] 16/6/2019 07:35

Https://www.thisismoney.co.uk/money/markets/article-7144933/Dixons-Carphone-plans-DOUBLE-buy-pay-later-business.html

[hades1] 15/6/2019 18:33

Https://www.proactiveinvestors.co.uk/companies/market_reports/222154/federal-reserve-rate-decision-to-dominate-in-week-ahead-with-boe-meeting-likely-to-be-dull-222154.html

[aim11] 15/6/2019 08:42

I think most people were underwhelmed by the new CEOs cost plans and lack of clarity on the savings. and with mobile still poor and Brexit and other UK political worries still going on it’s just been derated to 6x p/e. That’s 3-4 pe points below where I’d normally expect it to be given the strong uk electrical market share and overseas business. But anything uk consumer is quite depressed and I don’t think we know if mobile has troughed for them yet.

[xxx] 14/6/2019 21:45

2 issues I await further information on in particular, are property liabilities and Huawei effect on the business.

[hades1] 14/6/2019 12:10

Agreed.
Only issue might be outlook but they have already set a very low bar and currently trade at a very low valuation - IMO

[knowing] 14/6/2019 11:45

Wouldn't they have to have warned if they were going to miss?

[salpara111] 14/6/2019 11:41

Personally, I am waiting for the update.
Retailers seem to have an unfortunate habit of disappointing in the last year!
If they can reassure then 150 is easy.

[hades1] 14/6/2019 10:37

Someone accumulating a position today

[tim 3] 12/6/2019 15:39

A wet wednesday in June is rarely going to be busy lol.

[knowing] 12/6/2019 14:23

Monty's old school

[hades1] 12/6/2019 14:15

What's new?Always been the way.Assume online strong and customers pre-educated these days.Process through to sell extremely quick these days.New world with the main sell now finance - I assume as in US.

[montyhedge] 12/6/2019 12:11

Pop into PC World more staff than customers.

[knowing] 12/6/2019 12:08

Added a few on the pull back here.

[tim 3] 07/6/2019 22:49

Nice double bottom with 10% bounce A lot will depend on results on 20th but certainly looking better.

[xxx] 04/6/2019 15:58

@septimus, regardless of the future, AB was correct.

The merger with Carphone warehouse was a v. poor deal for Dixons shareholders, with no real synergies and unreliable earnings, for which the then ceo , overpaid. Then the charming but operationally clueless ceo + FD. misled shareholders with in a series of steps, including how they sold + then valued insurance contracts. They then moved into new areas like Knowhow, but were unable to support the move operationally. That was and continues to be the trouble with having a marketing and finance led company, rather than one in which operational performance is the the key driver.
The share price is only the barometer of this issue.

[knowing] 04/6/2019 14:15

So all the people who held off buying (retail numbers) will be buying over the next few months. We then see retail figures rebound along with the price of Dixons and those lucky enough to have bought in down here make lot's of profit.

[tim 3] 04/6/2019 12:15

Yes just seems funny how they dropped so much in the lead up to that almost as if they knew ....

[hades1] 04/6/2019 07:18

Appalling May UK retail sales statistics both food and nonfood on/off line..

[tim 3] 03/6/2019 11:58

To be honest he has done little that's impressed me so far.He got rid of some very knowledgable DC directors.

[septimus quaid] 03/6/2019 11:43

When the new CEO (Alex Baldock) arrived, he thought he was being clever dissing the old DC. regime.

If Baldock doesn't start shaping up soon, he's going to be heading for the door himself!