Currys Share Discussion Threads

[essentialinvestor] 20/1/2021 17:07

Tim, they have not repaid the rates relief and to be fair neither
do they have to.

[essentialinvestor] 20/1/2021 15:29

rim, would be interested in your view if you decide to take a closer look.

On mobile, something to keep in mind is DC exit their last legacy contract
in 2022, my understanding is these have caused huge damage to profitability.
However, would not expect mobile to be a large profit generator going forward,
those days are probably over.

[rimau1] 20/1/2021 15:24

I’ve bought in this morning. I need to do a deep dive but i suspect the underlying business is strong, that the successful covid forced pivot into online will continue to improve metrics and most interesting of all a spin off of he nordic business will unlock significant value. I sold some US dollar earners (CRW) and wanted a UK domestic play. Lets see!

[hades1] 20/1/2021 14:46

5%+ decline for meeting the forecasts and showing growth during a pandemic.
Suspect it will rise over coming days as analysts raise price targets.

[farrugia] 20/1/2021 14:22

well i bought a few more - i like the fact that Baldock has some skin in the game as he bought shares in the past. Ideally he should buy some more :) This is not a one-trick pony - they have solid profitable businesses in the Nordic markets and Greece.

[tim 3] 20/1/2021 14:19

Good point EI.

There are other issues when I worked for them we were told (by a then director) that without accessory sales like know how they would not cover their over heads.

Online sales had a far lower success rate for add ons than instore face to face.Its hard to tell at present with the current situation and furlough payments skewing things but I wonder if with the big shift online they can maintain margins.

[essentialinvestor] 20/1/2021 12:00

Tim, that largely depends of length of leases, short duration leases
not such an issue.

[tim 3] 20/1/2021 10:29

I still worry about the size of their physical estate though particularly when we get through this and they have the full cost of running stores with so many sales online.

[essentialinvestor] 20/1/2021 10:25

Looks like that may be the CEO brining in his own prefered person for the role?.

[tim 3] 20/1/2021 10:22

Hmm interesting he's one on Baldock's appointments so obviously something went wrong!

[essentialinvestor] 20/1/2021 10:14

Anyone suprised the CFO is leaving?.

[tim 3] 20/1/2021 10:12

Yes stunning results considering stores closed for so long.

The problem is nearly everyone expected it.

Not sure what the future is for mobile as it looks a mess there USP in the past has been impartial instore advice over all networks but with Three,02 and EE now dropped they obviously can no longer offer that and the last time I looked at mobile.co.uk which they own and I have previously used and liked it seemed to have lost its way as nearly every deal was one of those awful cashback offers.In the future I think more and more people will cut out the "middle man" and buy from networks direct.

Be interesting to see what comes out at the Conference call.

[hades1] 20/1/2021 08:29

Mobile sales fall seems to be causing drop although in line with forecasts.
Carphone is the gift that keeps on giving!
Investor call at 11am but disappointing reaction so far.

[farrugia] 20/1/2021 07:22

and a new CFO to boot - looks positive.

[csmwssk12hu] 20/1/2021 07:03

Still growing market share, increase by 6% over 10 weeks, lfl up 8%, outstanding considering stores are closed

[csmwssk12hu] 18/1/2021 00:08

Roll on 20th I think it will be outstanding

[hades1] 16/1/2021 09:51

Christmas trading update next Wed 20th

[essentialinvestor] 04/1/2021 08:53

csm, I'm already surprised ).

I had in mind share price performance rather than specifically
trading performance- if that makes sense.

[csmwssk12hu] 04/1/2021 02:05

Be prepared to get suprised, in lockdown sales soared, they have the delivery capacity the warehouse capacity and can utilise click and collect, coupled with furlough and able to obtain payments for totally closed stores ie car phone warehouse which would have been losing money if they were open lockdown is a win win for these or have you not been watching for the last nine months?

[essentialinvestor] 04/1/2021 00:41

Would be surprised if the share price does not take a hit with
widening Tier 4 areas.

[hades1] 03/1/2021 20:52

Nice article in today's Sunday Times.

[tim 3] 23/12/2020 14:54

They did really well in first lockdown huge increase in online sales and obviously lower overheads with stores shut.At present people seem to be spending on their homes rather than holidays pubs etc .Had some work done on the house recently and everyone is says they are way busier than usual.

[essentialinvestor] 23/12/2020 13:15

Might be worth waiting for a possible national lockdown to hit after the NY