Currys Share Discussion Threads

[tim 3] 08/9/2020 21:32

The problem is no matter how good they are they are swimming against the tide with huge overheads and people now happy to buy many of their products unseen which benefits their online competitors with tiny overheads in comparison.

Just look at the numbers they have 36000 staff to pay and the rents on nearly 1000 stores before they make a single penny.No matter how good they are and they are far from perfect, just read the reviews, that problem is only going to increase imo.

[double dd] 08/9/2020 19:06

me ? dont really use this site. I can pass on 25 years experience in the sector if you dont want to listen thats up to you but I have been right for the last 3 years on this share.

[montyhedge] 08/9/2020 18:42

Go short your make a fortune, perhaps then one day you might be able to subscribe to the premium service.Free subscriber with no followers, you are a loser.

[double dd] 08/9/2020 17:23

DIfficult to argue with that the real problem is they want to pay staff min wage and expect great sales staff.... doesnt work like that does it

[bluecash] 08/9/2020 15:26

It'll be great if they integrate their sales teams, because no one I've ever spoken to in DC ever knows anything about their products anyway. And that's if you can find anyone in the first place. Might as well sack everyone apart from the person who prints out the little product description labels and someone on the till. Only needs one person on the till, regardless of the size of the shop, because, as all retailers know, customers love standing in a queue with a cardboard box in their hands. Even better if it's a heavy one.

I suspect that the business teams are just a con to redirect as much of DC's revenue through an offshore business to avoid UK sales taxes for DC. Last time I had a DC business invoice it seemed to be billed through Hungary or the Czech Republic or some such place.

I predict a slow death for this great high street presence; a very great shame because it's almost the only place that you can actually see something electrical before you buy it, but Amazon and that other online white goods business seem to have beaten DC into the ground. That, and the dreadful carphone merger and terrible management.

[jondev] 10/8/2020 20:15

Also business teams ?

[tim 3] 09/8/2020 19:15

Thank you I thought it seemed odd getting rid of store managers.I also read they are integrating management and sales teams across the CPW and the rest of the store not sure how true that is.

[jsforum] 09/8/2020 17:09

Its Team Leaders, Assistant managers and some store Directors who are up for the chop although they can apply for limited new roles

[tim 3] 04/8/2020 21:55

Ir appears they are getting rid of the manager roll which seems a little unusual would like to know the details.

Its brings their total job losses this year to 3700.

[thornintheside] 04/8/2020 21:40

Balance sheet looks bad. Pension deficit must be overwhelming by now; they had a something like a 10 yr plan to pay into it and get it straight... BEFORE COVID. Guessing it's much worse now. No dividend for a long long time, and maybe no survival, though the high street will be much poorer for DC's absence.

[the_grifter] 04/8/2020 18:33

This Board and Management team have no ideas for this business. Their online proposition is poor, supply chain a mess, IT infrastructure at breaking point, and all they continue to do is cut away at the one strength they have over Amazon, AO, and the like;- their stores. AO made £1.5M, yet the share price is closing in on a 5 year high. Best Buy, a true omni-channel operator, has a share price sitting on an all-time high. At Dixons Carphone, the mess this team has made with mobile is being further compounded by the ineptitude of their approach to Technology and Electrical.

With the share price sitting in the 70's, does the fact that members of the board last bought shares in the company back in June 2019 indicate a lack of belief in the future for this business. Surely, a strong gesture of faith in the plans for the future would be the purchase of shares at the current low valuation?

Surely, it is now time for the Chairman to take a good, hard look at his performance and that of his Management team. They appear lost, and the market appears to have no faith in them.

[tim 3] 04/8/2020 12:25

Job cuts and management restructuring announced.

[noirua] 04/8/2020 12:19

Curry's still owe considerable sums to customers that should have been returned. They have the coronavirus excuse but have failed to return monies in accordance to the law. This may have helped them retain sufficient cash within the company.

Your refund rights explained


Even if you are within your rights to receive a refund, that does not mean the shop or seller will immediately play ball, you may have to work to get your money back.

You can consider claiming via your credit card company.

[noirua] 04/8/2020 12:15

Currys PC World owner Dixons Carphone to cut 800 jobs in latest high street blow
4 August 2020

[jsforum] 24/7/2020 14:30

Sounds good 18 months pay as a bonus - but the share price must be £9.25 so a lot to do to achieve that

[tim 3] 16/7/2020 19:49

First thing Baldock did was to sack nearly all the experienced board members raised quite a few eyebrows at the time.

[double dd] 16/7/2020 18:37

Lets be clear the management have been a disaster since Baldock took over, its a nightmare its not just baldock its the others round him they dont understand the business. Its just a catastrophe one after another he has to go or this wont move. Dont forget the pension debt and its growing year by year.

[tim 3] 15/7/2020 23:44

Just got a negative write up on Lex.

[tim 3] 15/7/2020 14:28

I agree aim he was quick to shout his mouth off about the previous management too and said the companies performance was unacceptable yet under his leadership profits and the share price have plunged and he has just put back his timescale for the mobile side to be come profitable by up to another year.I don't even know what his plans for the business are anymore.

[aim11] 15/7/2020 10:54

The CEO just didn’t act quickly enough on Carphone imho. He should have closed that down immediately and focused on the core to survive, instead waited and waited and then decided to start closing stores. Too little too late. Coronavirus just accelerated what was already happening, I don’t see DC or in fact most of retail surviving especially with the stupid mask policy of the government.

[farrugia] 15/7/2020 10:16

I'm out at the moment - sold the last tranch i had at 81p - will wait and see

[tim 3] 15/7/2020 09:39

Well the city does not like this line "a weakening of consumer spending later this year" which could lead to downgrades.Also problems with mobile and yet another delay to that being profitable, what a disaster buying carphone has turned out to be along with the cost of closing of stores.On the positive and a surprise to me he says stores that have opened are performing well but of course there is very little detail on that and I wonder if they are really doing THAT well because if online is flying and stores are doing well too seems odd to issue such a gloomy outlook.I fear it will test the lows again.

[sr2day] 15/7/2020 08:32

awful results,i am afraid this will go back down to 60p.

[tim 3] 14/7/2020 21:09

AO has serious issues and no way would I buy at these prices BUT they do not have the increasing issues of having such a large estate to worry about when so many are turning online.

I think there is very little debate about what the results will be they have already more or less told us that before the closed period.

All eyes will be on margins and future guidance imo.

Good luck all.