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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dixons Retail | DXNS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 52.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.95 |
| Top Posts |
|---|
Posted at 18/12/2014 13:35 by mike740 Investec hikes Dixons Carphone price target after interimsMaiden interim results from recently merged Dixons Carphone (DC) prompted Investec analyst Alistair Davies to raise his share price target from 395p to 465p. Davies reiterated his ‘buy’ recommendation for the electrical and phone retailer after half-year earnings before interest and tax came in at £100 million and profits before tax hit £78 million. Both were well ahead of consensus forecasts of £79 million and £58 million. Dixons Carphone shares gained 14.5p or 3.4% to 441p. ‘[There is] no change to full-year 2015 estimates but estimates look underpinned and we upgrade full-year 2016/17 profits before tax by 2.5%/4% respectively, reflecting earlier realisation of synergy benefits,’ he said. ‘Dividend yield is c.2% but free cash-flow increases in full year 2016 estimates potentially offer scope for further shareholder returns.’ hxxp://citywire.co.u |
Posted at 06/8/2014 22:39 by bit thick Justwondering 6 Aug'14 - 21:54 - 1875 of 1876 0 0So based on yesterday's suspended price, what price does it need to open at to be equal to the new price? If you take the suspended price as 52.95 then 341.61 (cpw today 343) just divide the old DXNS price by 0.155 |
Posted at 05/8/2014 17:40 by bit thick No more DXNS, shares suspended tomorrow. It will be interesting to see the valuation on Thursday, CPW has way more equity, but market cap is similar and both shares have followed a similar pattern over recent weeks. 52.8p = 340.5 |
Posted at 04/8/2014 11:40 by billiam Both dxns and cpw looking strong |
Posted at 31/7/2014 13:31 by smicker Found it"Dixons Carphone intends to adopt a dividend policy in line with Carphone's current dividend policy of 3.0x dividend cover based on Headline Earnings. The exchange ratio of the Merger has been determined on the basis that no dividend will be payable by either of Carphone or Dixons prior to Completion, other than an ordinary course Carphone final dividend of 4 pence per Carphone Share in respect of the financial year to 29 March 2014." hxxp://www.cpwplc.co |
Posted at 26/7/2014 14:09 by mikepompeyfan Combined eps of say 23p = almost 8p a share. About 1.2p dividend per current dxns share held according to my rough calcs. |
Posted at 21/7/2014 13:11 by mikepompeyfan An even bigger problem for them if ftse 100 status is achieved. Plus some will have been holding off buying Dxns pending dividend resumption. ;-) |
Posted at 26/6/2014 09:04 by billiam Meanwhile, over at Carphone Warehouse:RNS Number : 5744K Carphone Warehouse Group PLC 26 June 2014 Thursday 26 June 2014 Embargoed until 7h00 Carphone Warehouse Group plc (the "Company", "Carphone Warehouse" or the "Group") Preliminary results for the year ended 29 March 2014 Strong performance; CPW pro forma Headline EBIT up 14%; Full year dividend up 20%; Positive outlook. CPW -- Pro forma Headline EBIT of GBP151m (2013: GBP132m), in line with guidance range of GBP145m - GBP155m -- Full year like-for-like revenue growth of 5.3% (2013: 4.6%) -- Acquired Best Buy's 50% share in CPW Europe in June 2013 -- Store-in-store partnerships with Media-Markt Saturn in the Netherlands and Harvey Norman in Ireland -- Connected World Services progressing well: -- preferred-partnershi -- developed honeyBee platform with Accenture Virgin Mobile France -- Exclusivity agreement for the sale of Virgin Mobile France to Numericable Group Group -- Headline PAT GBP102m (2013: GBP55m) -- Statutory PAT of GBP48m (2013: GBP4m) -- Headline EPS of 18.4p (2013: 11.6p), in line with guidance range of 17.0p to 20.0p -- Statutory EPS of 8.6p (2013: 0.9p) -- Recommended final dividend 4.00p per share, bringing full year dividend to 6.00p per share, 20% up on the prior year (2013: 5.00p per share) A reconciliation between Headline results and statutory results and between pro forma results and Headline results is provided in note 6 to the financial review. Recommended all share merger with Dixons Retail plc -- The Board announced on 15 May 2014 that it had reached an agreement on the terms of a recommended all-share merger of Carphone Warehouse Group plc and Dixons Retail plc -- The Company's prospectus and shareholder circular are expected to be published later today -- The proposed merger is progressing in line with the anticipated timetable and has already been cleared by the European Commission Andrew Harrison, CEO, said: "Carphone Warehouse has had a strong year. We have delivered on our guidance, increasing pro forma Headline EBIT by 14% from GBP132m to GBP151m. Strategically and operationally, we have moved our business forward significantly, showing further progress on 4G, developing our award-winning tablet-based assisted sales tool, Pin Point, growing our Connected World Services business, and taking steps to realise value through the proposed sale of Virgin Mobile France. "4G is now a major new dynamic in the mobile marketplace. The speed, range of new devices, increased data usage and new 4G tariffs have all increased our appeal to customers, building on our long-standing reputation for impartial advice and value. Operationally we have taken further steps forward in delivering record levels of customer satisfaction through the hard work of our people and through introducing Pin Point. "Our European partnerships are helping us to gain scale and grow value within our existing markets, having signed two agreements during the year. "We have also made some key strategic developments in our Connected World Services business, including our preferred-partner agreement with Samsung to roll out and manage their stores across Europe. "For some while, we have signalled that Virgin Mobile France could be for sale and, in May this year, together with our fellow shareholders, we announced an exclusivity agreement for its proposed sale to Numericable Group. "The history of Carphone Warehouse has been one of anticipating change and positioning the business to take advantage of this change. Looking ahead, the shifts we see in the marketplace offer considerable opportunities to create value for our employees, our customers, our suppliers, our partners and our shareholders. From a position of strength, we are planning to take greater advantage of these developments through our proposed merger with Dixons Retail plc." CPW We completed our buy-back of Best Buy's 50% share in CPW Europe on 26 June 2013. Consequently, in order to give a more meaningful picture of our performance, we have provided the results for CPW on a pro forma basis, as if CPW Europe had been 100% owned by the Group for the whole of 2013-14 and the previous year. Our retail operation enjoyed a good year with like-for-like revenue growth of 5.3%, despite the continued sharp reduction in the prepay market. While the fall in prepay connections reduced overall connections, both for us and for the market in general, we held our prepay market share. More important for CPW has been the strength of our postpay sales, on which we have again grown our UK market share. We have been particularly encouraged by the uptake of 4G phones. The speed of 4G has a significant impact on data usage, and the sale of 4G devices typically brings with it additional data packages, the result of which is an overall increase in the average revenue per user and therefore the revenues we earn. During the last year we invested significantly in our brand and in our distribution channels. We introduced a new tablet-based assisted sales tool called Pin Point. This gives our customers a personalised experience, guiding them through the overwhelming variety of devices, networks, tariffs and services, to find the most suitable package to meet their needs. Pin Point has been rolled out throughout our stores in the UK and has resulted in our highest levels of customer satisfaction and customers' willingness to recommend us to others. Pin Point was acknowledged through the BT Retail Week Technology Awards, for the Customer Experience Technology Award of the year for 2014. Our growth last year was the result of good performances in countries such as the UK, Spain and Ireland balanced by challenges in some of our other Mainland European markets. In the Netherlands, we experienced a weaker consumer market. In Germany, our performance was affected by challenges in the wholesale market. However, we are encouraged by our other business ventures in both of these markets, such as partnership opportunities in the Netherlands and our growing connections services business in Germany. European partnerships In the Netherlands we are on track to complete the roll-out of our store-in-store format across the Media-Markt Saturn estate by the end of September 2014. In Ireland, we completed the roll-out of stores within all 12 Harvey Norman stores. In Germany we have made good progress developing our relationship with the Metro Group and continue to work with them on a more tailored B2B offering. Discussions continue with Media-Markt Saturn and with other partners across targeted territories and we believe that these partnerships offer a mutually beneficial way of expanding the sales of connected products and services. Connected World Services Connected World Services is our growing B2B business, which aims to leverage our core expertise and systems to provide a range of services to third parties. It was established around 18 months ago and has made significant progress during the year. In partnership with Accenture, we have developed our omni-channel platform called honeyBee. We have been highly encouraged by the initial response from manufacturers, networks and retailers across the globe to the wide range of expertise and services that CPW can provide. We concluded a preferred-partner agreement to operate Samsung Experience Stores in Europe, and we have now opened 33 Samsung stores in seven countries. Over time, we see Connected World Services as a means to take Carphone Warehouse global, in a low-risk way, with limited demands on capital expenditure whilst leveraging our knowledge and expertise. Virgin Mobile France In a very tough French marketplace, Virgin Mobile France delivered a resilient performance, substantially maintaining its contract customer base and continuing to migrate this base onto its Full MVNO platform. This reflects extremely well on the quality and commitment of our French management team. It was clear to us, however, that Virgin Mobile France's future would be best served by being part of a larger organisation. Subsequent to the year end, we and our joint venture partner, Virgin Group, together with management shareholders, announced an exclusivity agreement for the sale of Virgin Mobile France to Numericable Group. Outlook We have worked hard over the past year, focusing on our customer proposition, improving our operational excellence, driving 4G penetration, forging new partnerships in Europe with leading retailers and developing our Connected World Services business. This provides significant potential for growth over the future years and as such our outlook remains positive. Investor and analysts' webcast There will be a conference call for investors and analysts at 9.00 am this morning. The presentation slides will be available via webcast (listen only) on our corporate website, www.cpwplc.com. |
Posted at 17/5/2014 09:04 by septimus quaid I originally bought into Dixons for a future dividend restoration story. Growth in the presently saturated electronics market will always be limited.Carphone paid an interim dividend of 2pps on 31/03/14 (and 5p in 2013). I assume therefore that the merger will bring forward Dixons "recovery" in terms of dividend restoration (this can only be ignored by the market for so long). Dividend maintemence is all about cost/overhead control, good supplier relationships, retaining market share and low risk management strategies. |
Posted at 15/5/2014 07:03 by skinny FOR IMMEDIATE RELEASE15 May 2014 RECOMMENDED ALL-SHARE MERGER OF CARPHONE WAREHOUSE GROUP PLC AND DIXONS RETAIL PLC Summary · The Boards of Carphone Warehouse Group plc and Dixons Retail plc are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of Carphone and Dixons, which is to be implemented by way of a scheme of arrangement of Dixons. · The Merger will result in each of Dixons' and Carphone's Shareholders holding exactly 50 per cent. of Dixons Carphone on a fully diluted basis taking into account existing share options and award schemes for both companies. 1 Under the terms of the Merger, Dixons Shareholders will receive: 0.155 of a New Dixons Carphone Share in exchange for each Dixons Share · The merged entity, to be called "Dixons Carphone plc", will create a leader in European consumer electricals, mobiles, connectivity and related services. · The Boards of Carphone and Dixons believe that the Merger will deliver significant value to shareholders through a combination of enhanced commercial opportunities and operating synergies. · The Carphone Directors and Dixons Directors, having reviewed and analysed the potential synergies of the Merger, based on their experience of operating in the consumer electrical and mobile retail sectors, and taking into account the factors they can influence, believe that the Combined Group will be able to achieve integrated mobile retailing and procurement synergies, together with cost savings, of at least £80 million on a recurring basis, which are expected to be delivered in full in the financial year 2017/18. The Boards of Carphone and Dixons expect Dixons Carphone to deliver these synergies progressively, achieving almost half of them in financial year 2015/16.[2] · The Combined Group will also have the opportunity to achieve significant additional value from growth opportunities arising from the Merger. · As from Completion, Sir Charles Dunstone, Chairman of Carphone, will become the Chairman of Dixons Carphone. Roger Taylor, Deputy Chairman of Carphone, and John Allan, Chairman of Dixons will become Co-Deputy Chairmen and John Allan will also become Senior Independent Director; Sebastian James, CEO of Dixons, will become CEO; Andrew Harrison, CEO of Carphone, will become Deputy CEO; Humphrey Singer, CFO of Dixons, will become CFO; Katie Bickerstaffe, CEO of UK & Ireland Dixons, and Graham Stapleton, CEO of UK & Ireland Carphone, will join the Dixons Carphone Board as Executive Directors and retain their current responsibilities. In addition, the Dixons Carphone Board will comprise six other Non-Executive Directors. John Gildersleeve, Baroness Morgan of Huyton and Gerry Murphy will be the Non-Executive Directors appointed from Carphone. Tim How, Jock Lennox and Andrea Gisle Joosen will be the Non-Executive Directors appointed from Dixons. · Each of the Proposed Directors of the Dixons Carphone Board has given a binding undertaking not to dispose of any of his or her beneficial holdings in shares of Dixons Carphone (or any interest therein), which he or she holds on Admission or subsequently acquires during the lock-in period. All of the Proposed Directors have given this undertaking for a period of 24 months following Completion with the exception of Katie Bickerstaffe and Graham Stapleton who have given this undertaking for a period of 12 months, in line with the undertakings expected to be received from other senior executives. · Carphone and Dixons are both experienced operators with significant knowledge and expertise. The integration of the two businesses will be managed by a dedicated integration team, bringing together the best relevant capabilities of both businesses, with the aim of facilitating a smooth integration. · Carphone and Dixons have put in place appropriate banking facilities to ensure that Dixons Carphone will have a strong financial profile following Completion, which will enable the Combined Group to retain flexibility whilst reviewing its optimal capital structure going forward. · Dixons Carphone intends to adopt a dividend policy in line with Carphone's current dividend policy of 3.0x dividend cover based on Headline Earnings. The exchange ratio of the Merger has been determined on the basis that no dividend will be payable by either of Carphone or Dixons prior to Completion, other than an ordinary course Carphone final dividend of 4 pence per Carphone Share in respect of the financial year to 29 March 2014. · The Merger will be conditional on, amongst other things, the approval of Carphone Shareholders and Dixons Shareholders, the sanction of the Scheme by the Court and relevant anti-trust clearances being received. · Carphone and Dixons have received irrevocable undertakings to vote in favour of the Merger from those of the Carphone Directors, their families and related trusts, and Dixons Directors, their families and related trusts, who hold or are beneficially entitled to Carphone Shares and/or Dixons Shares, representing in aggregate 26.7 per cent. of Carphone's ordinary share capital and 0.06 per cent. of Dixons' ordinary share capital respectively in issue on 14 May 2014 (being the latest practicable date prior to this Announcement). |
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