Currys Share Discussion Threads

[anony mous] 21/1/2015 08:54

Disappointing share price reaction.Thought it would have held that high as at 8.05am.

[hmrc inspector] 21/1/2015 08:50

Going red very soon!!

[mikepompeyfan] 21/1/2015 08:43

Today's excellent statement was all about trading. Hopefully there will be much more to come about the merger and synergy benefits in the future.
Shame it's such a long time to the next update, Q4 statement on 3rd June.

[v11slr] 21/1/2015 08:39

Paid Friday I think.

[smicker] 21/1/2015 08:39

I have it down as paid 23rd?

[anony mous] 21/1/2015 08:38

Just seen. Think it's 2.5p. Paid tomorrow.

[anony mous] 21/1/2015 08:36

What is the dividend ?

[smicker] 21/1/2015 08:23

Poor enough reaction at the moment to a great set of results. I'm not sure what more the company could have done.
Edit trading statement not results

[mikepompeyfan] 21/1/2015 08:16

'Group gross margin stable'

Some people were worried margins would fall. Apparently not.

ps and we get a dividend Friday :-)

[muscletrade] 21/1/2015 07:10

Agreed, could hardly have expected a better statement.Well done DC.

[justwondering] 21/1/2015 07:07

Excellent stuff

[mikepompeyfan] 21/1/2015 07:03

Excellent stuff.

Dixons Carephone PLC

Strong Christmas trading

Trading statement for the 9 weeks ended 3 January 2015

Highlights

• Group pro forma Headline PBT range of £355m to £375m expected for the full year, ahead of market consensus
• Group like-for-like up 7% for the Christmas trading period
• Further market share gains across electricals and mobile in the UK & Ireland, Nordics and Greece
• Group gross margin stable

Pro forma Headline like-for-like1 revenue

9 weeks ended
3 January 2015

UK & Ireland
8%

Northern Europe
6%

Southern Europe
(4)%

Group
7%

Sebastian James, Group Chief Executive, said:

"The strange shape of this year's Christmas trading was something of a roller-coaster but I am very pleased with the end result. In all of our largest trading markets we have excellent like-for-like performance against fairly tough comparables. At the same time, we have also experienced stable gross margin. There is no doubt that the huge scale and success of our Black Friday promotion impacted the three weeks that followed, but it was good to see customers respond positively to the deals that we had on Boxing Day where we saw growth from our record-breaking numbers last year in both the UK and Nordics. Our availability, pricing, service and marketing were all achieving very strong performance and customer metrics, and this translated into growth in market share in all our key territories over the period.

There have been some market shifts as product lifecycles and ways of buying change: online has risen as a proportion, with excellent growth in both home delivery and click-and-collect. Prepay phone sales have continued to fall, replaced by postpay contracts to a large extent. We have seen a return to growth in laptops but tablet sales fell sharply as we saw less innovation in the category. We have seen excellent growth in ultra-high-definition TVs as people, rightly, trade into the newer technologies. Finally, white goods had a very good peak trading period across the board with particularly rapid growth in online.

Our peak time of year is now behind us, and I am therefore comfortable to guide the market that our overall pro forma Headline profit before tax will be somewhere ahead of market expectations in the range of £355m to £375m. This includes continued price and service investment as well as, of course, the impact of the decline in the value of the Norwegian Krone which affects us negatively in Sterling terms.

These massively busy weeks take a toll on our colleagues - and their families - and this is a good opportunity for me to thank everybody in our stores, warehouses, call centres, shared service centres, delivery vehicles, repair laboratories and head offices around Europe for their extraordinary commitment and hard work. I have been consistently impressed by the way in which our teams have kept the great engines of the business turning through what must be one of the biggest years of change in our history."

[anony mous] 20/1/2015 07:57

That's my thinking too smick.On positive news this will likely go down quite abit short term.Long term still very good.

[smicker] 19/1/2015 22:50

I've top-sliced 3/4 qtrs. It was 23% of my PF (ive approx 30 holdings) and i may top it up again but its asking a lot for it to appreciate considerably after an 80% rise last year. I expect the update to be positive but remember last year when a cautious outlook held it back. Will review after update

[anony mous] 19/1/2015 22:01

To sell or not to sell before update.That's the big question.

[mayers] 16/1/2015 14:51

Seems to be on the way up aided by the DOW today. Have just added.

[cockneyrebel] 16/1/2015 10:38

Bounce point?


free stock charts from uk.advfn.com

[rufio90210] 15/1/2015 13:24

DC. will be fine.

[muscletrade] 15/1/2015 12:15

Further to the above... i think the following extract from the Argos update has some relevance

"Like-for-like sales increased by 0.1% in the period. There was further growth in sales of electrical products as a whole, principally as a result of strong sales performances in video gaming, TV's and mobiles, partially offset by a market driven decline in tablets. These sales increases were principally offset by a sales decline in jewellery".

DYOR etc

[muscletrade] 15/1/2015 12:09

Courtesy of FT Alphaville.

Merril comment on DC.

Dixons Carphone will report its Christmas IMS on 21st Jan and we expect a strong
group LFL sales growth of +4.2%. We believe growth in medium and small
domestic appliances, 4K TVs and the launch of iPhone6 should be supportive for
LFL sales growth in the UK (BAMLe +6%). In Nordics, we expect LFL sales
growth of +4% on an easy comp of +2% but we expect a continued decline in LFL
sales of 10% in Southern Europe. Overall, we expect higher promotions around
events like Black Friday and Cyber Monday to offset any positive sales mix,
hence a small decline of 10bps for group gross margin.

[mikepompeyfan] 15/1/2015 11:55

Yeah but hopefully Argos not selling enough jewellery and furniture won't be a very good indicator for dc. ;-)

[billiam] 15/1/2015 11:53

Yes, get feeling that 'Black Friday' wont be so big this year.

[undervaluedassets] 15/1/2015 11:52

Slightly disappointing numbers from Argos