Currys Share Discussion Threads

[bookbroker] 26/9/2017 14:45

Extended warranties a complete waste of time on an appliance that costs less than £300, even a TV. warranty that might cost a few thousand pointless, they are so reliable these days, and I would go so far as to say a washing machine, cooker or fridge is a damn site more necessary than a TV. Had my fridge/freezer(Hotpoint) for twenty years, and still working ok when I last looked! Do not bother with E.W., a complete and utter racket, more important in a motor car perhaps, shelled out a few grand recently, ceased extendinding warranty earlier this year after having had seven years, irritating but that is life!

[tim 3] 26/9/2017 14:35

UA

Got to disagree there.For some time now DC's business model has been to compete with mainstream internet companys such as Amazon.

Even though that often means they make little or no money on the main product (after costs) but they then make their money selling you products and services like warrenties,support services,anti virus software cables credit, ect ect all of which are highly profitable.

Within the company these are referred to as KPI'S and everyone from the store manager to the sales team are measured on them,last I heard there were over 30!

In fairness that is where the bulk of their profits come from along with the highly lucrative mobile phone contracts and thats why a downturn in this area is such an issue to them.

One area they have traditionally been very successful is warranties.

Just look at a TV as an example at £600 it costs £6 a month from day 1 to cover when you already have a manufacturer guarantee of at least a year so they only have to pay out for accidental(when was the last time you had to claim for an accident to a tv?)so thats £72 in the first year in the bank for them for the vast majority.
Over 5 years thats £360 if the customer does not need a repair,highly highly profitable for them and one reason they do not publish how much they make on warrenties as its quite embarrassing.Last time I heard they were selling it on 1 in 3 tvs sold and it only ends when the customer cancels the direct debit so could go on for years.

So basically although I agree they have some big issues and the Carfone tie up is starting to look like being a big one I don't think their survival is in question just yet as they have plenty of highly profitable income streams and are still expected to make over £360k this year.

All imo dyor ect.

[undervaluedassets] 25/9/2017 16:12

yup up

On the back of good news?

Day traders football currently ..

There is no substance here.

Will be gone eventually this company .

I has no capital of any kind... It owns nothing ... Has no USP ... it is as empty as a shopping bag

It cannot compete with online.

[ravin146] 25/9/2017 15:50

180p done!

Well done LTH, STH!

Technically good news, onwards and upwards.

It is about making money here! 15-20p profit locked leveraged....now sitting on 12p leverage profit!

BOOM, cya shorters

[ravin146] 25/9/2017 13:54

well strong retail sales released last week, with non-essential buys spiking up...explains the recent rise in DC., along wit it being over sold.

gla sir 180p+ soon

[nortic 007] 25/9/2017 13:17

Slowly but surely sir.

[ravin146] 25/9/2017 13:15

afternoon nortic...lovely rise

[tim 3] 25/9/2017 12:12

Well they have certainly both been rewarded handsomely the same can't be said of the shareholders!

[nortic 007] 25/9/2017 12:03

Ravin....my apologies:)

[nortic 007] 25/9/2017 12:02

Good afternoon Raven

[meinhere] 25/9/2017 11:49

Should have joined with Woolworths at the same time as well, imagine that, "Dixons HMV Woolworths Carphone", massive empire.

[undervaluedassets] 25/9/2017 10:26

The great thing about this company is the way that the merger with CPW has been such a success .

Clearly this is what has contributed to the success of the whole and brought the shareprice to the giddy heights it is today.

No doubt Mr Dunstone and Mr James must be very happy with what has transpired as it will have greatly contributed to their collective wealth and prestige.

I bet if they could turn the clock back they would love to do the whole thing again.

Bet they wish they could merge with HMV as well...

hmmmm....

[ravin146] 22/9/2017 22:10

Oh super end to the week!160-177p (highs mid 180's)All the trades, up 15-20p leveraged and currently sitting on +9pAnd volume increasing with chunky buys...that's two, 5million buys.Gla, are the shorters still moaning?! Lol

[undervaluedassets] 22/9/2017 16:22

how much has that put on since the 24th Aug

Oh that is right - nothing.

[undervaluedassets] 22/9/2017 15:38

Up up and away she goes. !

[meinhere] 22/9/2017 12:48

iPhone's a flop is it?

undervaluedassets, a month stuck in the gutter, and there's people saying it's the third time it tries to go up lol.

[undervaluedassets] 22/9/2017 11:38

I have to give to the bulls

This has been an impressive performance by this stock since closing price (180.8p) on the 24 august 2017 (the day of the smart phone news)

The bounce back has been something to behold.

[ravin146] 22/9/2017 11:32

Third attempt past 177-78 approaching...we will go past imo.Dyor, technical break key parameters

[right honorable lord lucan] 22/9/2017 10:54

Where's the iQueue? Barely a dozen shoppers line up outside Apple's flagship London store to get their hands on the new £700 iPhone 8

[ravin146] 21/9/2017 15:12

walbrock nice research...usually declared, apologies if i missed it, do you hold any shares here?

Dc. is undervalued indeed.

[undervaluedassets] 21/9/2017 14:24

AO world is not even worth discussing.

Will be gone before DC.

But DC. will be gone too.

[undervaluedassets] 21/9/2017 14:23

Shorts trending higher on Euroclear

6.77% of stock was out on loan for August

Up from 4.5% for June.

Euroclear very useful tool for watching short interest

[walbrock82] 21/9/2017 14:15

The market capitalization differences between Dixons and AO World is ridiculous because Dixons is 12 bigger than AO World, but only three greater in market value.

Also, Dixons pays dividends, produce cash earnings and have the stronger brand, whereas AO World produces losses year-after-year, despite sales growth and requires £110m from investors to stay as a going concern.

However, I previously stated my concern of a goodwill write-off (which hardly anyone is discussing). And since the trading update announcing profits downgrade that write down looks very likely and is the main reason for the 30% collapse in the share price.

The thing people don’t like about this merger is the goodwill created from it. And overnight the combined business of Dixons and Carphone Warehouse is worth an extra £1.5bn on their balance sheet.

Anyway, if you are interested in the 11 reasons why Dixons trump AO World, the full version is here:

[undervaluedassets] 21/9/2017 10:53

or post 4010 on the DXNS board

I have been on these boards a very very long time

"when the facts change I change my mind"

(Happy to change them again if presented with new facts ... )

But as things stand this looks like another Woolworths to me.

[undervaluedassets] 21/9/2017 10:49

For those that think I do not know this company see post 50 on here.