Currys Share Discussion Threads

[skinny] 02/9/2014 10:16

CR - from FTSE.com

FTSE UK Index Series Quarterly Wednesday 3 September (issued after 16:30)

[skinny] 02/9/2014 10:08

Investec Buy 367.95 368.40 395.00 395.00 Reiterates

[cockneyrebel] 02/9/2014 09:36

Currently at a level where it should get automatic entry - reshuffle based on tonight's closing price I believe.

CR

[cockneyrebel] 02/9/2014 09:34

FTSE entry coming? Could be a strong rally if it looks likely imo

CR

[mikepompeyfan] 02/9/2014 09:00

Indication. Those contracts were sold and are owned by Phones4U.

Shows how much business they will lose and dc. could gain though.

[billiam] 02/9/2014 08:48

So, does Vodafone bring its 430,000 contracts, £212 million of sales and £18.5 million of operating profit to DC. now?

Or is this just an indication of what is to come, if Phones4U are on way out...

[mikepompeyfan] 02/9/2014 08:46

I sense bullishness oozing out from the new merged entity.

mark webb ‏@MarkWebb_DC 7m
Q1 Trading Statement next Tuesday. First for @DixonsCarphone of course. Exciting!

[ravin146] 02/9/2014 08:41

Looks like short term traders profit taking, I believe in Deutsche's target as being achievable at 400p. Results next week, no brainer this has more upside potential. Gla

[mikepompeyfan] 02/9/2014 08:13

Buy out ? I'm thinking more along the lines of Woolworths, Comet, Blockbusters and Jessops.

[justwondering] 02/9/2014 08:10

So who's going to buy out phobes4u? DC?

[mikepompeyfan] 02/9/2014 06:20

Phones 4u, the mobile phone retailer, has been left reeling after Vodafone became the latest network to cut ties with the company.
Vodafone had put its retail strategy under review earlier this year, sounding a warning for both Carphone Warehouse, which has since merged with Dixons, and Phones 4u. EE has also put its relationships with the high street stalwarts under review but has yet to make a decision.
Phones 4u has already seen Three and O2 pull their handset sales from its stores and faces an uncertain future now that Vodafone has also abandoned its relationship in favour of a new deal with the enlarged Dixons Carphone.
Phones 4u said in a statement that it was “both surprised and disappointed with this decision”. It said there was “no certainty” as to the outcome of its discussion with other networks, namely EE which also trades as Orange and T-Mobile.
However, the retailer argued that it “may be possible to replace the volume of connections” it previously procured for Vodafone by striking deals with virtual networks and through its own brand Life Mobile.
Phones 4u bonds, issued by parent company Phosphorus Holdco in Ireland, plunged to the lowest levels since 2012 on the statement. Its payment in kind notes due in April 2019 fell 55p to 30p.
The loss of Vodafone leaves a huge hole in Phones 4u’s finances. The contract, which will cease in February, accounted for £212 million of sales and £18.5 million of operating profit last year. The retailer connected 430,000 Vodafone contracts, accounting for 27 per cent of its volumes, and 125,000 pre-pay connections, about 16 per cent of its base, last year.
The balance of power has shifted in mobile phone retailing in recent years as the networks have invested heavily in expanding and upgrading their own retail estates. Vodafone has said it wants to open a further 150 stores and create 1,400 new jobs across its retail footprint this year alone.
The mobile networks have to pay juicy commissions to the indirect retailers to connect new contracts, which lowered margins in the UK compared with other markets. Gerard Pellissier, head of Orange’s European operations, which owns half of EE, told T he Times earlier this year that he wanted to “get rid” of both retail “middlemenR21; in Britain but that it had yet to make a decision.
However, it is a dangerous game to go it alone as Vodafone found to its cost in 2006 when it ditched Carphone Warehouse in favour of an exclusive Phones 4u deal. The network’s market share went into reverse and it was forced to return to Carphone two years later.

[mikepompeyfan] 02/9/2014 06:16

Dixons Carphone enjoyed its best day since last month’s tie-up between two of the high street’s biggest names on Monday, as Vodafone renewed a long-term contract with the retailer, soothing fears that the mobile network was ready to abandon the group.
The merger of Dixons Retail and Carphone Warehouse, finalised last month, had been overshadowed by speculation that the UK’s biggest mobile phone companies are looking to pull out of their partnerships to boost their own retail operations.
However, Vodafone instead announced it would be strengthening ties with Dixons Carphone. In a double boost to the retailer, the UK’s third-largest mobile network also said it was cutting ties with Phones4U, a major rival, in a development that raised questions over Phones4U’s future.
Shares in Dixons Carphone rose 11½ to 368.4p, a 6.9pc gain that sent the company to its highest level since the merger just under a month ago, as Vodafone said it was “enhancing its distribution partnership with Dixons Carphone from early next year and will not be extending its existing contract with Phones4U”.
With Phones4U having recently lost a similar contract with O2, the UK’s second-biggest network, it is now left with just EE – which is itself reviewing its relationship with both retailers – among the major players as a partner.
The subsequent boost to Dixons Carphone shares sent its market value above £4.2bn, a level that would be likely to qualify it for automatic entry to the FTSE 100 when positions are next reviewed.

[anony mous] 01/9/2014 20:58

All this in itself means better news for the merged entity.Expect revised ratings for DC.Over 4.00 shortly....

[anony mous] 01/9/2014 20:56

Did u guys know that O2 ditched phones4u in Jan.EE and Virgin is there only partners.But EE who is there biggest partner is now reviewing its contract with p4u.P4u bonds collapsed today.Looks like p4u will fold.Bet they wished they bid for dsgi and took it.Arh well...onwards we will march.

[mikepompeyfan] 01/9/2014 20:03

Dixons Carphone climbed 6.9 per cent to 368.4p on hopes it can pick up market share from Phones4U, its highly indebted rival, whose bonds slumped after Vodafone said it was not renewing a network agreement. Vodafone last year provided about a fifth of Phones4U’s operating earnings.
“As market leader, Dixons Carphone is much better positioned with networks,” said Exane. “Were Phones4U to cease trading and Carphone to take a 50 per cent share of its business, this would drive circa 6 per cent revenue upgrades.”

[maximillian1] 01/9/2014 19:33

And this could also be to do with HMV....they are about overtake Amazon in DvD sales....

Could this be the beginning of a "High St" fight back... internet is great till you have to send somthing back..then a bloody hassle...

I for one would prefer to see it touch it and buy and then it away...and if it has problems ..slap it back on the counter....

[manics] 01/9/2014 18:34

Very nice to see this doing well.

[billiam] 01/9/2014 18:32

Nice start to the month.
Long may it continue

[leadersoffice] 01/9/2014 17:26

Divi could be closer than we think.Vodaphone ditches phones for you in favour of closer ties with Dixons/Carphone.More on Thismoney.co.ik

[smicker] 01/9/2014 15:54

There is a dividend, and skinny has posted the relevant communication from the company.

[mikepompeyfan] 01/9/2014 15:48

To be pedantic UU you can't say there is or was no divi.
Sure dxns had none but cpw did. Depends if you were a dxns or cpw shareholder previously.

[peea01] 01/9/2014 15:21

Could this be index related. Is DC. In the 100 on the next shuffle?

[anony mous] 01/9/2014 15:19

3.70 means 57.3p old dixons price.

[ravin146] 01/9/2014 15:13

Wow away for a few hours and boom!Gla