Currys Share Discussion Threads

[double dd] 28/4/2020 12:52

Whats happening tomorrow?


One thing that came to me this morning, shutting the shops will be the write down of stock missing/hidden in audits. Not sure if this will affect the position of DC but its pretty low right now.

[farrugia] 28/4/2020 12:20

what are you guys expecting for tomorrow - I'm in this in good size
March appears to have been a very busy month for the online offering.
But of course offline stores are closed - I wonder how much is priced in. Hopefully operations will be re-starting in May.

[double dd] 25/4/2020 15:23

Absolutely its just like football managers they usually mess it up, get paid off and go elsewhere.
Its a jobs club all look after each other.
Things may change a little after the pandemic, hopefully

[sr2day] 25/4/2020 14:39

makes you wonder how do these guys earn so much money at the expense of shareholders.the way these people are remunerated needs to be looked at,just like football managers.they should be on a rolling contract to start with.

[double dd] 25/4/2020 13:48

Very true last few comments I think the carphone thing is over already. They just see it as another part of the show like tvs etc. Not sure where it can go long term with the pressure from online but hopefully can stick in there. I really dont see anything he has done APART from get massive wages/bonus etc just dont see it.
In over his head.
Merger was a disaster for both companies not sure why went ahead. Dont forget cpw and best buy had tried it years earlier and that was a Disaster as well.

[tim 3] 25/4/2020 13:12

Indeed and in time just including the mobile profits in the results rather than quoting them separately might help the shares by helping people focus on the more positive sides of the business.

I know its only a name but they really need to get rid of "carphone" certainly in the holding company name, was questionable at the time but now its just ridiculous.

[anony mous] 25/4/2020 12:42

Very true timMerger was biggest mistake.Slowly the mobile side of the business will disappear as networks sell direct.DC need to let that go and concentrate on what they always have done and start doing it better, up their game.

[tim 3] 25/4/2020 09:28

In April 2012, Phones 4u's contract with provider Three was terminated.In January 2014, O2 ended their contract with Phones 4u.

On 15 September 2014, Phones 4u entered administration, after the two remaining suppliers EE and Vodafone terminated their contracts.

Not suggesting DC are going the same way but worrying for the mobile business never the less particularly if they lose another provider, bottom line is they need the providers more than the other way round infact you could argue by supplying DC they are competing with themselves.

I think what they will probably end up doing is quietly reduce the size/overheads of the carphone business and fully integrate it till it becomes just another product area like Tv's/Pc's ect.

I know hindsight is a great thing but really shows what a shockingly bad idea the merger that Seb did was.

[tim 3] 24/4/2020 23:03

Agree have seen very little that has impressed me about Alex.

He was very quick to disrespect the previous management well if you are going to do that you better be able to prove you can do better and here we are 2 years down the line and we have very little evidence of improvements indeed he does not expect the mobile division to return to profits till 2022.He has been slow to implement the closure of standalone stores and then suddenly out of the blue announces they will all close at a truly horrible time for the staff.

The recent withdrawal of 02 from all Carphone stores has to be a massive blow and shows the providers probably do not need DC as much as they think. It also undermines Carphones marketing of offering customers the best deals from all networks. 02 is probably the number 3 provider in the UK.You can see the other providers having a much stronger bargaining position now because if DC lose another like Vodafone or EE it could spell disaster.There are certainly similarities here with the demise of phones4u.Also somewhat concerning is I have read reports that Alex did not even bother turning up for critical meeting with providers.

I think if the mobile turnaround plan does not start to show results soon Alex's days could well be numbered.

[double dd] 24/4/2020 16:26

Alex has been a disaster lets call it out but it started with the merger for both companies. Too different styles couldnt work together. Carphone tried to change but couldnt cause it just tried to bring people in from outside who never understood the business model.
Dixons had only survived and done as well as they where last man standing. A disaster

[rachet1] 24/4/2020 16:16

Take a look at DC's online store and try to buy a 15inch laptop. A hot item because everyone is working from home, right? They've got very little stock and it's been that way since soon after the lockdown. A huge selling opportunity missed. Why? My guess is that there's been little or no stock from china. So limited sales. Also the ex-chairman sold down his shares bigtime a few days ago. They had a big pension deficit here before the crisis. That won't be helping much either. Next news is gonna be a rights issue. Looks inevitable to me. Low though this is now, I think it'll go even lower. A few pennies soon.

[gozo] 23/4/2020 18:07

I remember the preceding couple of weeks in the run up to the lock down that fridges and freezers were selling like hot cakes as bell end panic buyers realised they had no where to store all the food they'd bought.I could of sold a second hand one 10x over that I had advertised on gumtree.

[tim 3] 23/4/2020 14:44

Actually come to think of it neither have I hmm

[double dd] 23/4/2020 14:13

I know they said they were doing well and the figures backed this up but i might be wrong but I havent seen many vans out and about, that may be because I am not getting out but I cannot remember seeing one.

[tim 3] 23/4/2020 13:59

The reason you get pressure for warrentys is without the profit it generates I very much doubt you would have a business.Don't forget most pay from day one when you already have a manufacturers warranty that covers most things.

I think they might be doing ok at present would imagine the government are paying most of the wages and from what I have heard online is very busy with people bored and treating themselves.

[double dd] 23/4/2020 13:48

dont forget they closed hundreds of cpw stores early so will have to pay the lease on them.

[farrugia] 23/4/2020 13:31

Most store employees are probably furloughed. I'd speculate that as soon as there is a ray of hope that stores will be re-opened the stock price will go up massively here.

[lefrene] 23/4/2020 12:37

I would think the short term surge in online demand will have washed through fairly quickly. There's all the overheads of property and employee's to run those sites, plus possibly deep cleaning and other possible government dictats that could add costs. You have to speculate what consumer behaviour will be like once this lock-down is eased, it's unlikely to snap back to how it was before. There is going to be a lot of financial misery at the lower end of the social spectrum, habits will have changed, a lot of insecurity even if you still have a job. Of course all retail will have this problem not just DC. Have they cut their dividend yet? Can they keep going for a year without having to raise fresh capital?

My experience of using them hasn't been bad except for the hard sell of insurance, where it seems most of the profit is? But with supermarkets selling computers, TV's and phones, the competition must be stiff. £800 million is still quite a lot of money, without up to date accounts how do you measure if they are worth that much?

[farrugia] 17/4/2020 16:33

will these survive? they have a good online offering but if they need an extra cushion why don't they raise some money?

[quepassa] 10/4/2020 12:13

most people like me have melody999 filtered already. Have no problem with contrarian views - just don't need it constantly and repetitively. Just look on this thread to see what I mean.

Repetitive trash.

Just ignore.

Best filter

[double dd] 08/4/2020 15:00

Your spot on its in this mess due to poor management

[melody9999] 08/4/2020 09:06

Screen ordered from a competitor and delivered today. DC. order cancelled and await full refund. Considering the products they sell, DC. do not have their own tech right. But its down to poor management at the end of the day. If I was thinking of investing in DC. I would cancel my order too!

[melody9999] 06/4/2020 21:33

These guys are in a real mess. Took money from my son for a screen - since then nothing for the last 10 days despite repeated chasing. Such poor communication.

They may have his money - but they will not have mine - I certainly won't be investing.