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Dixons Retail Share Discussion Threads
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|Put these 3 retailers in your Christmas stocking
By Harriet Mann | Thu, 18th December 2014 - 11:38
Put these 3 retailers in your Christmas stocking General retailers rely on consumers having a little bit of extra cash in their pocket, especially as the lights and the tinsel go up before Christmas. This is make-or-break time for the high street, and after a slow autumn due to warmer weather, they have a lot of catching up to do.
UBS now expects faster growth in UK households' disposable income next year, fuelled by a 50% slump in the price of oil. Although bad news for oil producers, consumers benefit from lower petrol prices and utility bills. Food is also getting cheaper and fixed rate mortgages have also fallen to record lows. That's why UBS pencils in household cash flow growth of 4.5% in 2015, versus this year's 3.6%. That must spell good news for the high street.
Of course, political risks are looming. As General Election fever takes hold, more focus will be drawn to proposals to tackle the deficit and its impact on consumer confidence. And sterling hasn't been as healthy lately, hit by delays to possible interest rate hikes. "Total reliance on lower oil prices could also be risky," says the broker. "We believe it could easily reverse."
Still, over Christmas, UBS prefers the hard-line retailers, especially given the impact of warmer weather and higher operational gearing. Their top picks include Home Retail (HOME), Dixons Carphone (DC.) and Debenhams (DEB).
Both Home Retail and DC also have robust self-help strategies to supplement the macro tailwinds. In the clothing space we think Debenhams offers a degree of resilience to the increased promotions seen elsewhere, albeit off a very low base.
However, the slow start to the period is expected weigh on both Marks and Spencer and Next (NXT), with other clothing retailers likely to struggle, too. Non-food sales at M&S (MKS) are set to fall by 4% in its third quarter and UBS has shrunk its full-year pre-tax profit forecast by £10 million, although the medium-term gross margin upside looks intact.
Next has remained aloof again with its focus on full price sales and service levels, and we think full-year 2015 should be stable. However, there could be more cautious comments and the first half full-year 2016 outlook on 30 December given tough comps, and we rein back our expectation of profit growth here by around 4%.|
|"General retailers rely on consumers having a little bit of extra cash in their pocket, especially as the lights and the tinsel go up before Christmas. This is make-or-break time for the high street, and after a slow autumn due to warmer weather, ..."
|Investec hikes Dixons Carphone price target after interims
Maiden 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.’
|It's been interesting.
Promising new chapter starting as the now enlarged Dixons Carphone (DC).|
|Justwondering 6 Aug'14 - 21:54 - 1875 of 1876 0 0
So 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|
|Have started a DC.thread.
|So based on yesterday's suspended price, what price does it need to open at to be equal to the new price?|
|Can l claim a prize for my guess ? ;-)|
|New ticker is DC.
Scheme becomes effective|
|today (while we wait for the new shares) effective price is 53.17p
0.155 multiplied by CPW price.|
|Surely there will be a new epic. New company is called Dixons Carphone so dc. maybe ? Not currently in use.|
|Not sure HMRC maybe thats why cpw is still trading today.|
|Robo, aren't they just merged with CPW so the epic will be CPW.|
|Not really Manics. Cpw is up today :-)|
|A well timed suspension perhaps! GLA|
|What is the new Epic?.|
|Suspension of trading of Dixons Retail plc shares
Recommended all-share merger of
Dixons Retail plc ("Dixons")
Carphone Warehouse Group plc ("Carphone")
Suspension of trading of Dixons Shares
Further to the announcement of the recommended all-share merger of Dixons and Carphone on 26 June 2014, and following an application by Dixons to the UK Listing Authority and the London Stock Exchange, the board of Dixons announces that the trading in Dixons Shares on the London Stock Exchange's main market for listed securities and the listing of Dixons Shares on the premium listing segment of Official List of the UK Listing Authority, have each been suspended with effect from 7.30 a.m. (London time) today, 6 August 2014.
Capitalised terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 26 June 2014.|
Dixons Retail Plc
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 6/08/2014 7:30AM at the request of the company pending an announcement:|
|Well had some great times following them over the last 25 years the ups and the downs.
Lets hope for good things in the future.
As for the shorters am sorry but can only think they really aren't the sharpest tools in the box why be short a company like this which surely anyone can see is relatively modestly valued when there are so many other company's out there held up with little more than thin air.|
|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|
|Perfect storm coming circa 16.30 hrs|
|update to post 1851
Market only 13% short now (euroclear data July just published) down from 16% in June.
That is still 481 million shares that need to be bought back.
Short closing is clearly happening apace.|
|might that be Seb James ?
Dont think so
But big confidence shout by CEO|
|A 6 million share deal worked thru this morning has paved way for further up spike. 53p plus.|
Thanks for that.... much appreciated..|