Currys Share Discussion Threads

[maximillian1] 04/9/2014 14:49

Mike thanks

[mikepompeyfan] 04/9/2014 12:41

In ftse 100 now until at least the next quarterly review.

hxxp://www.ftse.co.uk/Media_Centre/press_packs/uk_review.jsp

[plastow] 04/9/2014 12:40

Had a load of these@ 45p in my bottom draw looks like things are improving now

[maximillian1] 04/9/2014 11:45

Just put me right on a point..we are now in the ftse 100..listing on 22nd Sept..but if we say fell back to say 338..in the intrim period would this affect that listing...or as long as the next time there is a meeting on the positions were are back up at say 400+..get my drift...

[cockneyrebel] 04/9/2014 09:35

FTSE100 trackers will have to buy to include DC. now.

Moe interestingly it's formed by 2 FTSE250 co's previously so it might mean a bit more difficulty getting hold of them than normally buying a long standing single co if holders have got a tighter grip after the merger imo

Should be an interesting run towards the FTSE inclusion imo.

All imo/dyor etc.

CR

[undervaluedassets] 04/9/2014 09:11

Not through Euroclear - their data is one month old sadly - but does show the whole picture.

Short tracker has the pros currently only .5% short ( they know what is good for them and have closed - even FestNV)

But the amateurs are still very short here I reckon.

There simply have not been enough shares traded for it to have been possible for the shorters to close their positions

Rabbits in the headlights hoping for a miracle.

[billiam] 04/9/2014 08:54

Good point UVA. Are we able to identify the short position on the new company just yet?

[undervaluedassets] 04/9/2014 08:48

news of FTSE 100 entry will spur more short closing.

[pally1] 03/9/2014 17:00

Sorry looks like 93http://www.stockchallenge.co.uk/ftse.php

[ravin146] 03/9/2014 15:09

Pally1, where are you getting this info from? It, if selected, officialy will happen on the 8th September.

[pally1] 03/9/2014 14:21

Joined ftse in pos 88

[ravin146] 03/9/2014 12:21

yh well that is my short-term target...ftse 100 entry could be a big boost alone, yet alone we have the trading update next week...gla

[maximillian1] 03/9/2014 11:45

It is based on the old chart and the top spot..before a leap to 92 was 72..

as I remember there was fresh air above 72 all the way to 92.. will be happy with 69..wife favourite number..:o)

[billiam] 03/9/2014 11:08

Wasn't CPW over 400p on its own not so long ago?

466 doesn't seem unrealistic to me. This new company is going places.

Looking forward to update next week.

[ravin146] 03/9/2014 10:32

Wow 476p I assume thst based on technical analysis...I'd target 400p first which I think is achievable in te near future if results of the new stores are positive

[maximillian1] 03/9/2014 08:46

my target is 466 or 72p

[undervaluedassets] 03/9/2014 08:35

There is also alot of short closing still happening here...

The market was about 13% short when the new entity came to market.

the first couple of days the shorts must have thought they were pretty clever as the new DC shares did take a bit of a tumble.

But lately the shorts will have been falling over themselves in the rush to close out.

But I reckon there is still a "buy back climax" yet to come; when those shorts that are frozen like bunnies in headlights finally wake up and decide that they will buy back their shorts at any price.

[undervaluedassets] 03/9/2014 08:21

Speaking As a Dixons shareholder the transformation of this company over the last 2 years has been staggering to behold.

And yet the journey has only just begun.

[mikepompeyfan] 03/9/2014 06:20

Retail Times has teamed up with Investec to publish analysts’ notes on leading retail stocks. Today, Investec Securities analyst, Alistair Davies, suggests Dixons Carphone is getting on with it and recommends “buy”

Dixons Carphone’s Q1 IMS should show the quick start management has made to rolling out the store-in-store concept & work on delivering synergy benefits. We expect positive trading numbers from Dixons, benefiting from its recovery in the UK business, and market outperformance in Northern Europe. Exceptionally tough comparatives for CPW will leave LFL’s negative, but we anticipate a rebound in Q2/H2 as new product launches feed through. A sector valuation and above average EPS growth supports our Buy stance.

Q1 IMS 9th Sept. The Q1 IMS will cover three months ending July for the historical Dixons business, and four for Carphone. For Dixons UK, we forecast +4.5% LFL; benefiting from the World Cup and an improved consumer backdrop. We forecast low-single digit growth in Northern Europe (+1.5% LFL) and although it remains a challenging market, Greece appears to be stable (INVe: flat LFL).
Volatility within Carphone: We pencil in -6% LFL at CPW, due to historic volatility. Q1 FY14 saw +13% LFL growth, (UK +c.20% against soft comps). Prepay remains weak (-15% to 20%) and a softer postpay market is expected with destocking and hesitancy ahead of new product launches (iPhone 6?). We expect a rebound into positive territory in Q2. Yesterday’s announcement of an extension to the Vodafone agreement and troubles at Phones 4U offer upside.
Early start to synergy benefits, more detail expected on 8 October. Management has been quick to roll-out the store-in-store concept (worth c. £30m of synergies in our estimates), with nine open, and 30 anticipated by Christmas, ahead of our thinking. A strategy day is scheduled for 8 October where we expect more colour on the new business and its opportunities.
Valuation undemanding with 15% EPS CAGR: On 15x CY15E P/E, the shares trade in line with the sector, but we see the valuation as not reflecting the strong earnings growth, with upside risk attached should synergies exceed the £80m outlined. Our T/P values the shares on a 15% premium to the sector.


Recently amalgamated mobile phone retailer Dixons Carphone is due to report its first-quarter trading update on 9 September. Without the backdrop of historical data from the combined two companies, markets will find it more complicated to ascertain how well the company is doing when it reports. But of the six institutions rating the firm there are two strong buys, two buys, one hold and one strong sell.

The combination of these two brands will see a company tailoring its business to try and take advantage of the shifting demographics of the modern consumer. The difference here is that between the two companies they will not just be looking to sell the hardware available in the telecommunication sector, but they will also be looking to sell both the software and assistance the customers will need to fully use these products.

As the functionality of smartphones, tablets and the plethora of alternatives has improved, the complexity of the products has also increased. Dixons Carphone believes it has found a niche in the market, where others have failed to cover the education and assistance that some consumers require.

The improved coverage of the UK that these two companies now have has already seen Vodafone give notice to Phones 4U that it will not be extending its network agreement with the company past February 2015.

It is still early days but so far all the signs are that this new company will benefit from cost saving and improved coverage, which should see the shares continue their move higher and look to test the 400p level last seen in 2011.


The likely winners and losers in the quarterly reshuffle were also indicated yesterday. The FTSE committee will use data from Tuesday’s trading to review standings and confirm its decisions after the market closes today. It is expected that mid-cappers Direct Line Insurance Group, up 2.4p to 302.6p, and Dixons Carphone, 2p stronger at 370.4p, will be promoted, while can-maker Rexam, off 1½ to 502½p, and builder Barratt Developments, 6.4 lower at 362.4p, will be moved down into the FTSE 250

[anony mous] 02/9/2014 21:57

BBC news today about pcworld...The surge in sales of laptops for students getting ready to start university has become like a "mini-Christmas", say technology retailers.John Lewis says gadget sales soar in the weeks after A-level results and have become the second biggest peak in annual demand.Across the store's branches, a computer device is sold every 20 seconds.The PC World and Currys group says laptop sales leap up by over 50% after A-level results have been published.This has become a "massive fortnight in terms of computing sales", according to PC World and Currys.As soon as the A-level result envelopes are opened, sales of laptops and tablet computers begin to spike.Laptop sales were 52% higher in the fortnight after A-level results than the previous fortnight - and tablets rose by 41%, said a spokesman for PC World and Currys.An annual tracking survey of students' possessions has shown that almost all students arrive with their own laptop - and there has been a rapid rise in those also owning tablet computers.

[peea01] 02/9/2014 12:51

Looks like a shoe in. Current cap puts DC. In the top 90.

[skinny] 02/9/2014 12:02

Thanks hawaly, I perhaps should have pasted the whole paragraph.

I had a link which showed the 'running order by value' leading up to the end of each quarter, but can't locate it at present.

[hawaly] 02/9/2014 11:55

This is the link:

[hawaly] 02/9/2014 11:53

Skinny


It's based on COP tonight:

7.0 PERIODIC REVIEW OF CONSTITUENT COMPANIES
7.1 Review Dates
7.1.1 The FTSE 100, FTSE 250, FTSE 350 and FTSE 350 Yield Indices will be reviewed on a
quarterly basis in March, June, September and December based on data from the close of
business on the Tuesday before the first Friday of the review month.