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DXNS Dixons Retail

52.95
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Dixons Retail Investors - DXNS

Dixons Retail Investors - DXNS

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 52.95
more quote information »

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Top Posts
Posted at 01/8/2014 15:55 by ravin146
Yep good to see a dividend stock. Will help investment from pension funds. May see another lift on the price as investors jump in before the share merger. Who knows what the market will value the stock as a whole!
Posted at 15/7/2014 20:29 by ravin146
Blondeamon your theory will be tested tomorrow. It is disappointing that this merger is longing out now, and we are in limbo, but I do hope this doesn't fall back to early 40's and we at least hold 45-48 at the stage of merging share vale in August. I just read your article on the 26th June blond..you do have a point, pre merger things were becoming rosy with dxns becoming lean, then the sudden merger...over that period from May we have had little share price value for shareholders. i.e merger actually stopped the momentum. I do wonder, without this merger would we have hit 60p now anyway. Hopefully the new entity will settle in with investors, shortens reduce as c.20% is high and the first set of result are positive and carphone's agreement with phone operators are renewed or strengthened. Gdla
Posted at 27/6/2014 12:38 by undervaluedassets
millions and millions need to be bought back by shorters (and will be believe me).

With those buying back last suffering the most.

The big boys (professional institutions with short positions over 0.5% of Share outstanding) have mostly closed their positions.

This plus lots of positives coming from the company(s) bodes well in my view for investors.
Posted at 27/6/2014 10:44 by undervaluedassets
Shares can trade sideways for very long periods of time even with lots of good news. (Go back into the history of Dignity and Telecom Plus for good examples)

That is just normal stock market behaviour .

Investors who expect billions quickly are always disappointed and lose money dipping in and out of good stocks too much or then getting bored and proceeding to lose even more money chasing "racy stocks" that then disappoint .

As Warren Buffet said "time is the friend of the great investment and the enemy of the poor one"

This has been one of my holdings for 2 years now and I see no reason to move elsewhere despite the siren cries of short termers saying that the stock has not moved much in the last year.

The real point is that the company has moved alot in the last year even if the stock price has not: To my eye the business fundamentals have momentum and are gaining more.

This is not some dodgy IPO. This is the common sense marriage of two high street stalwarts.

Fully believe that this share will quietly pop to new level north of 60p when everyone least expects it.

I think one of the most simple and successful ideas is likely to be the "shops in shops" idea (CPW stores in Currys/PCworld stores - 400 new stores for CPW at precisely no cost).

We are still in the foothills of recovery and patience will be rewarded here.
Posted at 27/6/2014 10:17 by undervaluedassets
50p resistance is something that only exists in the minds of men blond. . .

Meanwhile in the real world both companies are thriving and evolving. . .

The market remains very short here with a lot of short positions still to be bought back.

Real investors should be pretty happy with that recipe which to my eyes looks like big upside share price potential and limited share price downside.

What is not to like . . ?
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-partnership agreement to run Samsung Experience Stores across Europe
-- 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 08/6/2014 05:19 by mikepompeyfan
Seems this could be good or bad news. Bad if EE end their relationship with cpw but good if they end it soley with phones4u. You would hope the strength and high street presence of a dxns/cpw partnership would be an enticing prospect for them.

EE is poised to pull out of its relationship with Carphone Warehouse in a move that threatens the retailer's £3.6bn merger with Dixons, The Telegraph can disclose.
Britain's largest mobile operator will conclude a review of its consumer retail strategy "within weeks", sources said, with a complete withdrawal from Carphone Warehouse the potential result.
The move would be a major blow to the retailer, which has positioned itself as the best place for consumers to independently compare deals from mobile operators.
It currently offers handsets and contracts from EE, O2 and Vodafone, but the withdrawal of the biggest of the trio would seriously undermine its claims. EE serves more than 30m customers and has a one-third share of the UK market. It is also recruiting subscribers to its 4G network, who typically require a new handset, faster than O2 and Vodafone.
EE has not made a final decision to end its relationship with Carphone Warehouse, sources said. But it would be the result of two of the three possible scenarios under advanced discussion.
The mobile operator is a joint venture between Orange, the former French state telecoms monopoly, and Deutsche Telekom, its German counterpart. Gervais Pellissier, the deputy chief executive of Orange, last week urged EE to "get rid" of third party retailers and deal direct to consumers.
His comments signalled the widespread desire among European mobile operators to cut out middlemen and sell to more consumers directly. They have seen their profits eroded in recent years by regulation and competition and increasingly resent the impact of third party retailers on margins.
A spokesman for EE said: "While we do not comment specifically on ongoing negotiations, we can confirm that we're formally reviewing our distribution strategy, primarily in the consumer space, with a view to fewer, deeper partnerships, based on value and shared ambitions."
EE's review also covers its relationship with Phones4U, Carphone Warehouse's main rival. A source said the mobile operator would end its relationship with one or the other, or both.
Formed by the 2010 merger of Orange UK and T-Mobile UK, EE has been rationalising its retail estate by closing stores where there was duplication. It is now opening 50 new stores to expand into towns where it is not represented in an effort to deal with more customers directly and improve its profitability.
Vodafone is also opening 150 new high street stores over the next 12 months to increase its proportion of direct sales. It has placed its indirect retail strategy under review too, although the last time it pulled out of Carphone Warehouse, in 2006, it changed its mind within three years.
EE would take on risks of its own were it to pull out. Carphone Warehouse's 780 stores make for a bigger high street presence than any of the mobile operators.
A spokesman for Carphone Warehouse said: "We work closely with all the major operators on long-term contracts which align our interests and provide valuable incremental business.
"The proposed merger with Dixons creates the opportunity for significant new value and we're in conversations with all the major operators on how we can mutually make the most of this opportunity."
Carphone Warehouse and Dixons have pitched their proposed union as a "merger of equals" and predicted growth from a push into the so-called Internet of Things, a catch-all for the oncoming wave of household and personal devices, such as thermostats and health monitors, that are controllable via smartphones.
Investors were less convinced and both stocks fell sharply following the announcement of the merger last month. Both share prices have since recovered most of their losses, however.
Shareholders of both companies are due to vote on the merger in July.
Posted at 24/5/2014 07:08 by mikepompeyfan
The £3.8 billion ($6.41 billion) merger of British retail heavyweights Dixons Retail and Carphone Warehouse had been in the cards for months, but was greeted with skepticism by investors when it was finally announced last week.

Shares in both companies slumped despite their claims that the tie-up would create a pan-European mobile-phone and electrical-goods business poised for the digital age. They said the new company would be perfect for the much-vaunted Internet of Things, when your front door will know you are home and swing open automatically, the heating or air conditioning will power up while you are indoors and cut out when you leave, and the fridge will order more beer online before you realize it was running low.

Indeed, it was this sort of talk that disappointed investors, submerging the nuts and bolts of an otherwise good plan with arguably fanciful ideas.

IT MAKES SENSE FOR an electrical goods retailer, such as Dixons (ticker: DSITF), to merge with a phone company, such as Carphone (CPW.UK), in a world where their technologies are converging. Unfortunately, that convergence might have seemed a bit too far-off for many investors. It prompted fears that, in fact, the two companies were driven together out of necessity-a pair of High Street dinosaurs in denial about their inevitable fate. Both have taken a pounding in recent years from more nimble online competitors, such as Amazon.com (AMZN).

On the day the merger was announced, Dixons shares slid more than 10% and Carphone lost more than 8%. Since then, they've made up some of that lost ground, but remain below their pre-deal price. Dixons closed at 47 pence (79 cents) Friday, down 7.7% from its price on the day before the tie-up was unveiled. Carphone was at £3.04 ($5.12), down 7.8%.

Some investors and analysts say those losses are overdone and that they ignore the deal's very real benefits.

Tim Gregory, head of global equities at London's Psigma Investment Management, is upbeat about the merger. "It's an optically good deal with strong cash synergies, strengthening the merged company's relationship with its suppliers and distributors-I'm thinking about the likes of Apple (AAPL) and Samsung Electronics (SSNLF). It will enhance their offering and has good industrial logic," he maintains.

The merged company, to be named Dixons Carphone, will own close to 3,000 stores across Europe with annual sales of £12 billion. Annual cost savings are expected to hit £80 million in 2016-2017, half of which should be delivered in 2015-2016.

Matthew Rubin, an analyst at Verdict, reckons those are key points. "Despite both retailers being keen to point to the 'connected world' being one step closer, thanks to the merger, in reality this is a simple and relatively boring cost-cutting exercise, to which they are attempting to give a more interesting futuristic sheen," he says.

It may not be the revolutionary tie-up the release seemed to suggest, but it will create a larger company with unparalleled purchasing power, he adds. "Lower costs mean more flexibility to react to changes in the business environment and, most importantly, more clout to fight the likes of Amazon on pricing."

He says that, beyond cost savings, the new business will offer more choice for consumers and more locales for picking up click-and-collect orders. "It could be argued that a mutual agreement could have been agreed without the need to merge. But, at the very least, it is a tangible side benefit, and is a relatively cheap competitive advantage over online pure-play retailers."

ORIEL SECURITIES ANALYST Alistair Davies says he was surprised at the extent of investors' negative reaction. "Whilst the merger itself is at an early stage, from a Dixons perspective, the extension into the mobile-and potentially lucrative-data markets has been a well-known ambition for the company." He says that although more details are needed, the merged company's proposed cost savings over the first two years could add around 10% to earnings forecasts. "In addition, the core investment case remains attractive," he says, rating Dixons at Buy with a 56 pence target price.

Says Cantor Fitzgerald analyst Freddie George: "Although there is some skepticism in the market with combining companies with widely different cultures, we believe the deal will be beneficial to Dixons and retain our Buy recommendation and target price of 60 pence."

George says that Carphone, the largest cellphone retailer in Britain, wants to move into related products, such as tablets. Meanwhile, Dixons has sought to increase its mobile offerings. "The merger, in our view, is more compelling to Dixons although it is unlikely to be interested in Carphone's European operations, which includes Virgin Mobile in France and stores in several European markets," he says.

hxxp://online.barrons.com/news/articles/SB50001424053111904554304579572003283144692?mod=googlenews_barrons
Posted at 21/1/2014 14:28 by blondeamon
Full benefits here:



Improves Corporate Image : Credit rating helps to improve the corporate image of a company. High credit rating creates confidence and trust in the minds of the investors about the company. Therefore, the company enjoys a good corporate image in the market.

Lowers Cost of Borrowing : Companies that have high credit rating for their debt instruments will get funds at lower costs from the market. High rating will enable the company to offer low interest rates on fixed deposits, debentures and other debt securities. The investors will accept low interest rates because they prefer low risk instruments. A company with high rating for its instruments can reduce the cost of public issue to raise funds, because it need not spend heavily on advertising for attracting investors.

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Good for Non-Popular Companies : Credit rating is beneficial to the non-popular companies, such as closely-held companies. If the credit rating is good, the public will invest in these companies, even if they do not know these companies.
Act as a Marketing Tool : Credit rating not only helps to develop a good image of the company among the investors, but also among the customers, dealers, suppliers, etc. High credit rating can act as a marketing tool to develop confidence in the minds of customers, dealer, suppliers, etc.

Helps in Growth and Expansion : Credit rating enables a company to grow and expand. This is because better credit rating will enable a company to get finance easily for growth and expansion.
Posted at 18/12/2013 08:35 by mechanical trader
Prime Markets Reiterates Buy Rating for Dixons Retail (DXNS)
Posted by John Perry on Dec 17th, 2013

Dixons Retail logoDixons Retail (LON:DXNS)'s stock had its "buy" rating restated by analysts at Prime Markets in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 55 ($0.90) target price on the stock. Prime Markets' price target would indicate a potential upside of 8.35% from the stock's previous close.
A number of other firms have also recently commented on DXNS. Analysts at Seymour Pierce raised their price target on shares of Dixons Retail from GBX 50 ($0.81) to GBX 60 ($0.98) in a research note to investors on Tuesday. They now have a "buy" rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Dixons Retail from GBX 50 ($0.81) to GBX 60 ($0.98) in a research note to investors on Tuesday. They now have a "buy" rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Dixons Retail from GBX 54 ($0.88) to GBX 60 ($0.98) in a research note to investors on Friday. They now have a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Dixons Retail has an average rating of "Buy" and an average price target of GBX 50.67 ($0.83).
Shares of Dixons Retail (LON:DXNS) opened at 49.9252 on Tuesday. Dixons Retail has a 52 week low of GBX 25.40 and a 52 week high of GBX 52.90. The stock's 50-day moving average is GBX 49.53 and its 200-day moving average is GBX 45.5.
Dixons Retail plc is a specialist electrical retailer and services company, which sells consumerelectronics, personal computers, domestic appliances, photographic equipment, communication products and related services.

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