Currys Share Discussion Threads

[undervaluedassets] 08/8/2014 16:16

Not a tree shake.

volume yesterday was too big for a tree shake. 5% of the equity of the new dixons carphone changed hands yesterday. 58 million shares.

Small investors bailing cos they saw the "end of something".

I also think that some thought it would be like a new issue and took profits on day 1.

But this ain't a new issue this is the merger of 2 profitable high street stalwarts to create an electrical's powerhouse.

As I said those on the other side of those trades yesterday see the beginning of something not the end.

[wanttowin] 08/8/2014 15:34

more you look at it a tree shake comes to mind !

[undervaluedassets] 08/8/2014 13:31

not sure that this is shorts actually. . I think it is the "it is better to travel than arrive" brigade selling. Smaller investors mostly sadly (it was ever thus) .

Some will have seen yesterday as the 'end of something'. The institutions will have happily mopped up their shares.

Those investors will have entirely missed the point that it is in fact the 'start of something' much bigger.

When this rallies it will rally hard.

This is a merger that makes sense.

[anony mous] 08/8/2014 12:12

More shorts piling in ???Just doesnt make sense.

[maximillian1] 08/8/2014 12:05

ok lets call the bottom time....mine is 284.....anybody else fancy making a call..

[jazza] 08/8/2014 11:50

I've seen that shape on intra-day charts many times before - concerted selling and most probably short-driven.

[hmrc inspector] 08/8/2014 11:49

Now down 10% from yesterday's highs.

[wanttowin] 08/8/2014 11:47

Typical, This was one of my strongest stocks, but seems the shorters are having a field day. What a weak market this is, pi55ing in the wind comes to mind.

[jondev] 08/8/2014 11:38

the new shares are taking a bit of a thrashing ?

[undervaluedassets] 08/8/2014 11:27

Volatility is simply normal. You either take advantage of it - or let it tell you what to do.

As a combined entity this is a better company than it was 2 days ago.

Now (with the help of little market weakness) it is a cheaper company than it was 2 days ago.

This is Mr market offering you something better for less in my view.

[suejarvie] 08/8/2014 11:23

Wonder if Buffetts got any dc.lol

[maximillian1] 08/8/2014 11:22

Conviction...he had better start spending quick...there are no pockets in a shroud...I intend to..so lets get this up to my 587 target fast...

[undervaluedassets] 08/8/2014 11:10

Well that depends on your conviction.

Warren Buffet bought Coca cola and Gillette in the 1980s and has never sold a single share in either.

volatility is normal you take advantage of it - or let it tell you what to do.

[maximillian1] 08/8/2014 11:04

Have been holding..for one year ..and I am as old as Warren Buffet..how long do you think I should wait to take a profit then...

[undervaluedassets] 08/8/2014 10:46

This is not a trade.

This is an investement.

I have been here since september 2012 through many dips.

Seen nothing to change my position and have strengthened it.

price and value once again getting conflated. Being sold down along with the wider market.

(Shares that have done well price wise generally comes down with with the market - often harder)

The Market has for the moment gone weak.

Real Investors (and shorters) will buy on weakness - the story is just too strong here.

[maximillian1] 08/8/2014 09:58

Whacking good profit to a whacking good loss..in one day...not bad going then...new this was possible..but thought .. we would get to 60 or near first... as previously said they can now close there shorts at leisure...

[mikepompeyfan] 08/8/2014 09:32

Down with market sentiment imo. News flow and results will get the share price moving up when that improves. Buying opportunity for non holders I would say.

[suejarvie] 08/8/2014 08:32

A few more shorts of the hook maybe?

[anony mous] 08/8/2014 08:11

Bloody hell.Come on. Was hoping over 3.50.This rate the dxns part share will be wiped out.

[justwondering] 08/8/2014 08:06

Hmmmm 6 percent drop in 2 days, not good

[manics] 08/8/2014 08:01

Garry White ‏@GarryWhite
Citigroup starts coverage of Dixons Carphone with a "buy" rating and 430p target

[mikepompeyfan] 08/8/2014 06:39

Not even a trio of upbeat analyst notes could stop Dixons Carphone from losing ground on its stock market debut as a newly merged company.
The consumer electronics group – created from the £3.8bn tie-up of the high-street phone retailer and PC World-owner – succumbed to wider weakness to close down 6.2p, or 1.8pc, at 337p.
Analysts at Investec, Citigroup and Barclays, had helped the stock rise as much as 3.2pc in intraday trade, by recommending that clients "buy" the shares. But the group slipped into negative territory in the last few minutes of the session as the broader market came under pressure once again.
Still, despite the fall, the message from the City was upbeat.
"The Dixons Carphone merger creates a company well-equipped to deal with increasing levels of connectivity and convergence in technologies with mobile devices an important part of daily life," said Investec's Alistair Davies.
The experts at Citi, which had been broker to Dixons ahead of the merger, agreed, advising that they saw longer-term upside in the shares, given the "convergence of consumer electronics and mobile connectivity" as well as the rise of the Internet of Things. They recommended buying all the way up to 430p, a target price that was 27.6pc higher than this evening's close.
Meanwhile, Sebastian James, the retailer's chief executive, also struck a confident tone, announcing the group was off to a "flying start", having opened the first seven of the company's new combined shops.

[mikepompeyfan] 08/8/2014 06:37

Dixons Carphone will mean head office job losses as two headquarters become one, but will create jobs in the enlarged group's 3,000 stores. Photograph: PA
Dixons Carphone has made a lacklustre start to life with the shares losing more than 3% after their first day's trading.

Speaking at the opening of one of the new retail group's first hybrid stores in central London, its chief executive, Sebastian James said: "There will be ups and downs and it is going to be bumpy but we are totally convinced that this is going to be a fantastic business."

The merger with Carphone Warehouse hands Dixons a slice of the lucrative mobile market as well as a partner to help sell household gadgets – such as fridges, and TVs – that are increasingly connected to the internet and controlled by smartphone apps.

With the key Christmas trading period on the horizon, James said the company had to hit the ground running with the integration of several teams, including finance and legal, already pushed through. The merger will result in head office job losses as two headquarters become one but will create jobs in the enlarged group's 3,000 stores. The deal is predicated on reducing combined annual running costs by £80m within four years. "We need to move extra quickly to get things we can do now, done," he said.

The group has installed Carphone Warehouse branded mobile departments in seven Currys and PC World stores and another 23 will open by Christmas.

The pace of change will accelerate in January when 10 stores a week will be refurbished. But the refurbishment programme will not touch the 160 stores where Phones4U has a presence under a contract that expires in May.

The shares closed down 10.9p at 337p on Thursday

[mikepompeyfan] 08/8/2014 06:29

Seb speaks on BBC about the new stores.