Currys Share Discussion Threads

[givememymoneyback] 12/12/2019 08:51

Results all in line with continuing losses.

[anony mous] 12/12/2019 08:47

The big boys were shorting for today so they will be disappointed.Results all in line.

[givememymoneyback] 12/12/2019 08:36

Interesting presentation of the facts in the results. The market reaction; 'Could've been a lot worse'? Apart from the obvious continuing losses, one of the big issues here is the now recognised debt; over £1.5 billion! The cost of servicing that debt is now ballooning; £53m compared to £17m for the last period.

Goodwill is showing on the balance sheet as £2.8bn. That's a lot of goodwill. Ultimately the dividend is going to have to go. For now, they're keeping the plates in the air, but I reckon it's only a matter of time before DC hits a financial brick wall.

[sao1] 10/12/2019 15:07

When do DC next report?

[harry3021] 10/12/2019 14:57

John Lewis electronic/home technology/electric sales were excellent. I've opened a sizeable long trade on this company in the last few days! Let's see what the trading update brings!

[tim 3] 10/12/2019 12:57

John Lewis gives a good indication of how things are going as they report weekly and they said sales over the Black Friday week were strong including electrical.Black Friday promotions are much more than a day now and form a key part of pre sale peak season sales as DC now has promotional activity for a full 2 weeks now, good for sales but what about margins ?From what I can see the mobile market remains incredibly competitive with retailers really having to cut prices to tempt customers to upgrade I did notice a few models selling out on DC's websites which is a good sign but again what about margins

[givememymoneyback] 10/12/2019 09:27

Another retailer (TED) dropping hard today and reporting low Black Friday sales (as if trade on one sale event should be especially relevant). DC reported flat volume at last quarter (no profit reported). Sterling exchange rate has been fractionally better for buying product but all other headwinds remain. What do people here think the results on Thursday will show?

[tim 3] 03/12/2019 20:04

Looks like sales volume has been good for black Friday for retail generally the question will be how much margin has to be sacrificed suspect it will be a lot.

[bluecash] 23/11/2019 19:26

Results due out in a little over a fortnight. What do people here think we're going to see? Recovery, flat or another profit warning?

[tim 3] 21/11/2019 19:44

Some massive price cuts starting to appear already for Black Friday with the iPhone XR dropping to £30 a month was closer to £50 a few months ago.

[tim 3] 21/11/2019 10:12

One more bit of resistance and we back at £1.

[tim 3] 10/11/2019 21:13

Sounds like mobile issues still a major problem legal dispute with o2 as well which cant be good for their relationship.

[tim 3] 06/11/2019 16:45

Yes mobiles particularly are so cut throat can't see them making much profit there the iphone 11 is already heavily discounted to well under £40 a month.Infact you can get it for £30 a month with a decent deposit.

No doubt volume should be ok but maintained at the cost of profits particularly with Black Friday hitting the critical pre Christmas sales.

[aim11] 06/11/2019 15:18

the only chance DC has of surviving the next few years is to ditch mobile phones and aggressively cut costs. They seem unwilling to do that so I don’t hold much hope for them.

[tim 3] 05/11/2019 22:28

This is a bigger earner for DC than most people realise, probably the biggest and they have been sailing close to the wind for years.

[geoffthree] 17/10/2019 10:30

The share price seems to be tracking the rise in sterling so far. Ex-chairman and founder of Carphone, Charles Dunstone sold a load more share a few days ago. Didn't affect the share price Retail sector reportedly losing volume all the time. Sp unaffected. Shorts up again; 1.45% of shares now reported to the FCA as short (large shorts). The price is on a break-out for now though, possibly defying gravity. Interesting to see where it leads. I'm only seeing negatives in terms of fundamentals but if anyone here can see positives, please let us have a contrary view.

[anony mous] 16/10/2019 10:48

Markets are odd.Today asos reports 70 percent drop in profits and their share price rockets.

[tim 3] 15/10/2019 21:42

I find this rise a bit odd to be honest retail sales are not great at the moment but its a big positive that they are rising despite this.

[anony mous] 15/10/2019 09:52

Well as i said few weeks ago that the chart has turned.It might be that shorters are caught out on this one.Although phone sales stagnate they are doing well across other sales etcEntering peak trading now aswell.

[aim11] 11/10/2019 13:26

Brexit optimism all the uk mid caps especially rubbish like dc are up a lot today on hopes of a �deal�. Tory lies again about us properly leaving

[anony mous] 11/10/2019 10:19

Somethings up here.Is a bid coming or some sort of tie up?