Blanketstacker
25 Aug 2017
Re: Dividend It was covered x3 this last year.
meattrader
25 Aug 2017
Dividend If the company holds the divi payments then at these levels a return of 6+% is available. The big question as usual is IF.
soi
24 Aug 2017
Re: DCG trades 187.77 long addsoi
soi
24 Aug 2017
DCG trades 186.77 longFall overdone IMOATBsoi
RAConnell
24 Aug 2017
Post Brexit referdenum DC has been a good share to hold but after the Brexit outcome I continued to review my portfolio. As a result I wrongly sold BDEV in Jan17 but rightly sold DC at the same time. Without arguing about Brexit it seems that inflation is again outstripping incomes meaning that buyers of discretionary goods spend less. Hence the poorer outlook from DC. So maybe time to review portfolios as Brexit outcome plays out.
old_punter
24 Aug 2017
Oversold Having managed to buy the day before a broker put out a downgrade which caused an 8% decline in the price, we now have today's trading statement which produced afurther 30% fall to 160p. Having read the statement I reckon the fall is overdone so have doubled up at 170p on the view, maybe quite wrong of course, that the price should recover to c200p. On the basis of the low end of today's profit forecast for 2017/8 the p/e might be 7 which ought to provide some upside, or at least some downside protection.
macbonzo
24 Aug 2017
Re: further Falls and again this morning 'Currency fluctuations' That is laughable. It is Sterling being systematically decimated against every other major currency. Did people really think that France, The Netherlands and Italy were going to vote to leave the biggest free trade area in the world? Are talented, multilingual people going to come to the UK? Of course not. On 23rd of June last year £1 was worth 1.31 Euros. Today it is worth 1.08 Euros
Ripley94
24 Aug 2017
Re: W..... GREEN MORNING. I was busy as usual yesterday looking at many different shares , noticed i had not posted here and thought maybe i had not topped up and bought it yesterday after all.I'm not that lucky there it was a buy @ 238p in the morning.. ( maybe the charts were indicating something ! )That's what you get by repeating past mistakes and taking notice of nice sounding brokers and partners to boot. At least my parents didn't pay for my education , hasn't made them any better pickers .
fecm
24 Aug 2017
Re: further Falls and again this morning You couldn't make it up.
idontwanttolose
24 Aug 2017
Re: further Falls and again this morning DC. Bid:181.7p Offer:182.3p Change:-45.25 @ 8.08amDixons Carphone plcTrading Update(13 weeks ended 29 July 2017) · Continued good performance in electricals in the UK & Ireland, Nordics and Greece· Challenging conditions in the UK mobile phone market· Receivables revaluation, largely EU roaming legislation related, expected to be negative this year· Recent honeybee business model changes expected to lead to lower earnings this year· As a consequence of these combined factors management now expect to deliver Group Headline PBT for 2017/18 in the range of £360m to £440m with core trading profitability in line with last year Q1 2017/18 revenueReportedrevenues% changeLocalcurrency% changeLike-for-like % change1 UK & Ireland1%1%4% Nordics17%8%8% Greece16%7%6% CWS(24)%(25)%n/a Group6%3%6% Note: In the UK & Ireland, like-for-like revenues in the quarter improved by approximately 5% as a result of sales successfully transferred from closed stores and sales disruptions. This mainly benefited UK&I electricals, where like-for-like revenues grew 7%. Seb James, Group Chief Executive, said:"As you can see from our trading statement, we continue to trade well in all geographic markets with like-for-like sales up 6% across the Group. It is good to see this performance from our UK electrical business particularly against the Euros football championship last year, as well as strong sales from our Nordic and Greek businesses. In all of these markets we have seen growth in revenues, market share and profitability with overall product margins remaining flat in electricals. However, over the last few months we have seen a more challenging UK postpay mobile phone market. Currency fluctuations have meant that handsets have become more expensive whilst technical innovation has been more incremental. As a consequence, we have seen an increased number of people hold on to their phones for longer and while it is too early to say whether important upcoming handset launches or the natural lifecycle of phones will reverse this trend, we now believe it is prudent to plan on the basis that the overall market demand will not correct itself this year. Over the longer term we believe that the postpay market will largely return to normal but in the meantime we have taken a conscious decision to invest in our margin and proposition to maintain market share and scale so we remain in a strong position as the market leader when this happens. Whilst this investment will cause a shortfall in profits for our phone business we do however expect overall profit in our core retail operations to be in line with last year supported by good progress in our UK & Ireland, Nordic and Greek electrical businesses. As we highlighted at the full year results, we have, over recent years, reported a number of one-off adjustments, particularly related to our large mobile network debtor. Historically these items have mostly been net positive to the business, but, largely caused by changes in EU roaming legislation, we now believe that the outcome is likely to be net negative this year. While it is difficult with the limited data currently available to assess the precise impact of these changes, we currently estimate that the net negative effect will be a range of between £10m and £40m this year. In total, the one-off adjustments contributed a net positive, and largely non-cash, effect of £71m last year. Additonally, we have recently decided to change the way in which we are selling our honeybee software product with a move towards software-as-a-service rather than upfront sales as we believe that this will create a business with more sustainability and higher value in the longer term. It will, however, have an im
fecm
23 Aug 2017
further Falls This is turning into a joke. Wish I'd bailed ages ago.
FSamps
16 Aug 2017
Consolidation Personally, I am seeing Dixons Carphone well placed to trade profitably as it has completed the expensive task of consolidating two different but complementary businesses which will have been an expensive operation both in terms of payoffs to redundant staff, combined with the negative knock-on to productivity of a lengthy major change project. Consequently I have topped up at what I consider to be a great price. If it is true that the 'lipstick effect' of a downturn will be played out in the near future, new phones and gadgets will feature in 'treat' spending.
nk1999
16 Aug 2017
Deutsche From Citywire:"Deutsche: Dixons Carphone concerns priced inShares in electronics retailer Dixons Carphone (DC) have de-rated on the back of concerns about profitability and a weaker economy. However, Deutsche Bank believes the bad news has been priced in. Analyst Warwick Okines retained his ‘buy’ recommendation and target price of 400p after a sharp de-rating over the past few months. The analyst pointed to mobile profitability, the quality of last year’s earnings, director share sales, and broader concerns about the UK economy as reasons why the shares have disappointed. ‘We believe these valid concerns are priced in, particularly as we see a number of levers which can be pulled to control profitability,’ he said. ‘We expect the company to report a reassuring set of first quarter sales on 7 September: a relatively unimportant trading period but nevertheless, important for sentiment. The stock trades on 2017 price/earnings of 7.4x against the UK general retail sector, which trades on circa 13x.’At the time of writing shares were trading up 1.5%, or 3.8p, at 248p. "
nk1999
11 Aug 2017
Re: Down 8% as I write Some more details re Exane BNP Paribas:"Dixons Carphone saw its biggest drop in over 12 months after Simon Bowler of Exane BNP Paribas, one of the top-rated analysts following the stock, downgraded his recommendation for the company. The analyst revised his opinion to 'underperform' from 'outperform', saying changes in the mobile phone market and a broad decline in UK consumer spending posed risks to the company's future market position. "These market changes are inviting in new competitors," Bowler noted. "Not only are the networks and manufacturers looking to take a greater proportion of direct business, but new entrants such as BT and Sky are more easily able to participate, and are happy to be aggressive in doing so."Also :"Shares in Dixons Carphone sank after Exane BNP Paribas downgraded the stock from 'outperform' to 'underperform' on concerns about changes in the mobile phone market, including fewer customers upgrading to new phones and the unbundling of handset and network contracts."
Blanketstacker
11 Aug 2017
Re: Down 8% as I write Many thanks futzi. Another self-fulfilling prophecy is made! Topped up myself!PER = 7.5Yield =4%Gearing = 11%Price to book = 1Director recently sold at 278, which will do me nicely!
