Currys Share Discussion Threads

[cockneyrebel] 05/10/2015 08:32

Nice break out imo

CR

[cockneyrebel] 02/10/2015 09:11

Electricals taking off?

DC. breaking out?

[tim 3] 22/9/2015 22:18

Mail website lead story.

Whatever your views not great publicity.

[xxx] 18/9/2015 02:37

Thx reassuring, as the price action recently was worryingly weak despite the good results. It seems to be consolidating now.

[mike740] 10/9/2015 13:25

No need to thank me lads, my broker sent them me.

[mike740] 10/9/2015 13:24

AND

Deutsche Bank......... Note.........

All divisions beat expectations, with +10% UK & Ireland LFL sales growth
Dixons Carphone reported sales growth during Q1 that was ahead of
expectations and demonstrated further market share gains. Forecasts remain
unchanged because Q1 only represents around 15% of annual profits, and
there are some tough comps to cycle in the coming quarters. However, the
business continues to deliver excellent results and is well underpinned by selfhelp
from synergies and de-leveraging. Dixons Carphone remains one of our
top picks, trading on a discount to the UK General Retail sector despite aboveaverage
growth and self-help prospects. Buy.
UK sales growth driven by mobile and synergies
Q1 UK & Ireland like for like sales growth of +10% was ahead of our +5%
estimate. A strong performance in mobile was thanks to continued market
share gains following Phones 4U’s closure, and the growth includes a
c.300bps boost from the store within a store roll-out as Carphone is implanted
into Currys/PC World. Mixed electricals also grew, by DBe 2 to 3% LFL, despite
annualizing the FIFA World Cup period and its launch of free extended
warranties on high-end televisions.
Nordics and Southern Europe also beat
Nordics LFLs were +4% compared with DBe 0% and driven by volume growth
in spite of some macro headwinds. In Southern Europe LFLs of 0% were a little
ahead of DBe -1% and Greece appears to be growing slightly as expected.
Too early in the year to be adjusting forecasts
Q1 only represents around 15% of annual profits, so while sales beat
expectations and gross margins were only slightly lower than last year, we
leave our forecasts unchanged. These strong trends nevertheless are
encouraging as the company moves towards a period of tougher
comparatives. In Q2, which annualizes iPhone6 and the closure of Phones4U
we forecast flat UK & Ireland LFLs (including a SWAS boost) in line with the
movement in comps. We forecast April 2016 Headline profit before tax of
£435m, an increase of £54m year on year. Of this, we expect £45m to come
from synergies and lower interest charges, as shown in the chart. The
following year we expect £44m of £72m from the same two drivers.
Reiterate Buy, target price 525p
Dixons Carphone shares currently trade on a CY16 P/E of 14.0x compared with
the UK General Retail sector which trades on 15.2x (excluding ASOS and
B&M). Our 525p target price remains based on DCF (WACC 9.1%, RFR 4.5%,
ERP 4.5%, TG 1.5%). Downside risks include UK macro, price competition in
electricals, and mobile ARPU pressure.

[mike740] 10/9/2015 13:22

Barclays note........

Strong set of 1Q results particularly in the UK, which will likely be the focus today. Group LFLs up 8% in line with our very bullish estimate but ahead of consensus at +4%. UK LFLs were up 10% vs. company compiled consensus at +6% (Barclays at +10%), as sales in consumer electronics held up well despite the tough World Cup comps and mobiles had significant market share gains. In the Nordics LFLs were up 4% vs consensus at +2% (Barclays at +3%) and in Southern Europe LFLs were flat vs consensus at +1% (Barclays at +4%) as Greece continued to be strong offset by weakness in the Spanish region.

[tim 3] 10/9/2015 12:22

Yes L4L up 8% is a stunning performance

[muscletrade] 10/9/2015 07:07

Great stuff. Well done.

[mikepompeyfan] 10/9/2015 07:07

Great trading statement imo. Remains a core holding.

Like for like up 8%, much more than forecast.

[priteshpatel9] 06/9/2015 20:14

From Digital Look week ahead email: Dixons Carphone also announce first-quarter numbers, up against tough comparatives last year. Deutsche Bank said it expected the group to report robust sales growth during Q1, with like-for-like sales growth of 3% including UK of 5%.

[mikepompeyfan] 04/9/2015 16:03

Q1 trading statement next Thursday. Will be interesting to see the merger benefits emerging and current trading.

[priteshpatel9] 04/9/2015 14:29

But quiet over here.

[mike740] 24/8/2015 20:41

Whats a bob when your losing thousands.

[jondev] 24/8/2015 19:40

Our shares do go ex dividend this week!

[mike740] 24/8/2015 16:47

Tanked today but tomorrow should be a vertical nose dive. lovely being short.

[tim 3] 10/8/2015 11:45

God knows they need something to help their share price !

[mikepompeyfan] 10/8/2015 10:53

I reckon the data hack was someone from AO World ;-)

[tim 3] 10/8/2015 10:25

Non event share price wise for now.

[m.t.glass] 10/8/2015 08:50

Plenty of media coverage of the breach. And few press comments from the company, but no RNS yet. Perhaps they will issue some kind of calming rns only if the share price dives - otherwise stay quiet and hope some other story takes the attention.

[manics] 10/8/2015 07:39

Being called down 2% at open.

[hippo] 10/8/2015 07:09

*financial

[hippo] 10/8/2015 07:09

Well that depends imho on the final dial impact......perhaps the third party businesses like talk talk won't trust them with the data going forward.What strikes me as odd.....issue known but unreported for 3 days.....and the police have investigated, but they have said CPW don't allege any crime has taken place......So 3 days to think how they could cover it up.......