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[rick124] 26/12/2015 17:05

Placed a fairly large order last night to collect from my local Argos, transaction went though at the time but received this email today. Not great is it! wonder how many have been effected by this problem..... I Have since ordered £1500 worth of things else where today. Dear Customer,We are sincerely sorry to advise that due to the volume of orders placed this week, your order was not successfully processed.We would like to be clear that we have not taken payment for this order. Your bank is currently holding your funds as a pending transaction and depending on your bank these funds will be available for you to spend again within 3-7 days.The refund requires no further action on your behalf, but if you have any questions please don't hesitate to contact us on 0345 640 2020 or [e-mail] apologise for any inconvenience.Thank youArgos

[imperial3] 24/12/2015 16:04

Their intense advertising campaign, coupled with marketing promotions regularly on TV, and the press must have made an impact.You could hardly forget "Go Argos"! Time will tell.

[discodave4] 24/12/2015 15:30

Thanks Jonny, Merry Christmas and a very very prosperous New Year.My money is on Homebase being offloaded sometime after the Jan profit warning - vultures are hovering!.DD

[pugugly] 24/12/2015 14:54

Jonny33 - You have certainly put your finger on the weak link with Homebase- It does not (imo) have a viable market positioning - It seems (to me) to be a twee semi DI shop for the middle class - It does not offer the semi-professional range of B&Q nor anywhere like to depth of product available through Screwfix - The yard goods selection is a laugh and the garden range is outclassed by most garden centres. (all imo but suggested by trying to buy there and the item/s being looked for were not available) .

Not sure how it could be revamped to be meaningful.

[bsharman3] 24/12/2015 11:40

Cheers Jonny.,

If you are correct - the key information will be the strategy for Argos - The market could see past this year IF it can see a clear and realistic strategy to see Argos grow.

[jonny33] 24/12/2015 10:53

Let me take a guess at what will happen in January....

Argos interim trading statement (14th Jan) will be the second profit warning, and will tell a story of a bad Christmas trading period.

Homebase will be sold!!

I suspect both bits of news will come out at the same time.

If this happens what will the share price do? I think it'll go up because of the news of the sale, the bad sales could make it go the other way....if only I could see into the future....

Anyway Happy Christmas fellow investors and a profitable New Year.

[richie32] 24/12/2015 09:04

Well I've bought some of these. Is this the next Amazon? lol

[imperial3] 18/12/2015 14:01

Thanks Jonny33

[jonny33] 18/12/2015 11:35

Argos are not closing stores and have added over 90 new sites this year.

Trading statement is 14th January

[imperial3] 18/12/2015 11:18

When,in January,are they going to release their trading statement?

[lord gnome] 18/12/2015 11:11

Yes, imperial3, which is why Argos are now going all out for digital. Even so, it doesn't look good. No wonder they are closing stores.

[imperial3] 18/12/2015 11:06

Maybe now people are shopping online?

[lord gnome] 18/12/2015 10:56

My local Argos was almost totally deserted this morning. A week out from Christmas, it should be rammed. I was tempted with the share price down at this level, but prudence says 'wait'.

[oldvic] 18/12/2015 10:54

pick up in purchases of shares toady
up from here

[imperial3] 18/12/2015 10:52

Anyone been into their local store recently? If so,were they busy?

[frankwhite] 18/12/2015 09:07

Interesting articlehttp://raconteur.net/business/how-argos-reinvented-itself-as-a-digital-retail-leader

[my retirement fund] 16/12/2015 14:47

Read across from black friday starting to come in - not really seen anyone who has enjoyed it retailer wise

[kalkanite] 16/12/2015 09:38

Thanks Jo

The page for Argos is here...



Definately an improving trend

[jojaken] 16/12/2015 07:38

Online metrics are actually quite good according to the likes of Alexa, with Argos the 18th most popular site over the last three months in the Uk and notably ahead of last year!

[imperial3] 15/12/2015 17:16

This man has an agenda,and that is, he wants to see a falling price for the company,so he can make money this way.At what point he has to close his position I do not know.We will have to wait until their trading statement is released, to know how the company is doing one way, or the other until next year.I do hope Home will surprise the city surpassing analysts' expectations,and give this shorter a Christmas present,he does not want.In the meantime will a predator pounce? This should keep him on edge.

[jonny33] 15/12/2015 16:20

The large short taken out by this guy was made earlier in the month, the bid rumours on Homebase over the last few weeks must have unnerved him so now publishing a negative story to push the price down. Lets not forget this company will and does make profit and it should still be around £100m so it's not a basket case just yet.

I do think the Christmas trading period will be below expectations but not a write off.

Sad the price is so low and unjustified when you look at many unprofitable over hyped poorly managed companies out there.

Word on the street is that there are a few 'new suits' in Homebase poking around the accounts department so I think there is some validity to the speculation about Homebase being evaluated for sale. Lets see what the new year brings.

[smesny] 15/12/2015 15:51

just made quick counting and if I vallueate this stock based on its asset it is now 16m cheaper than it should be.

taking in account all assets(except goodwill and Other intangible assets) minus all liabilities the company is worth £804.6M ... currently trading on £788.18M market cap.

getting goodwill for free sounds good to me

[cwa1] 15/12/2015 15:33

Had a teensy little punt down at these levels. Not any special confidence in the stock, just hoping it has been oversold a touch and that things might not be QUITE as bad as they seem.....

[glasgow13] 15/12/2015 15:31

Thanks for the link.