Re: Down 8% as I write Shares in Dixons Carphone dropped 8.5 per cent in early trading after a broker issued a double downgrade on the stock.Exane BNP Paribas moved the retailer to an "underperform" rating based on near-term caution on profit and cash forecast.In the long term, the broker said it it has concerns about the FTSE 250 firm's mobile business."With consensus, sentiment and forecast too optimistic in the face of macro headwinds, positive catalysts are hard to find," the broker said.The downgrade comes less than two months after the company celebrated record results in what it acknowledged was a challenging marketplace. In June, Dixons Carphone reported that pre-tax profit had risen above £500m for the first time ever, to £501m.
Down 8% as I write Can anyone explain this? No news showing here.
Re: Dixons Carphone will come good ! Totally agreed with you, until I saw the 1 million director sale today. That has to be a bad sign.
Dixons Carphone will come good ! Keep the faith people, todays drop was across the board for FTSE 250 retailers. Marks & Spencers reported a poor first quarter performance which put the frighteners on most UK retail stocks. It didn't help with the timing from Andrew Harrison. Remember it was only a couple of weeks ago we reported record breaking figures - 10% up on pre tax profits, over 500 million ! And lets not forget 15% increase on dividend, - the market seems to have looked past / through this. With so many broker ratings over £4 could they all be so wrong ?Liberum Capital - £430, Deutsche Bank - £420, HSBC - £410, Credit Suisse - £400, Barclays Capital - £400, RBC Capital Markets - Top Pick !So we are sitting below £2.70, surely anything under £3..... is a great buy !
Morningstar UK Rodney Hobson, recommends holding DC
Down again This stock seems to be on a continual decline. Strange after it was receiving some positive press not so long ago. Seems like the market is intent on extracting everylast point from this one. I'm down nearly 25% on this one. Infact if my portfolio is anything to go by then the crash has already happened.
Credit Suisse From ADVFN:"Analysts at Credit Suisse trimmed their target for shares of Dixons Carphone but continued to hold a favourable view on the outlook for the stock.They conceded that the company's exit from its joint-venture with Sprint and remarks about a challenging mobile market in the UK did not help sentiment.However, they pointed out how investors were seemingly 'looking-through' successive positive updates from the company, focusing instead on the broader downbeat picture for UK consumer demand and Britain's economy.Be that as it may, core trading at Dixons continued to be "robust" and the broker still held a "positive" view of the company.Its analysts believed Dixon's was set to continue gaining market share at the expense of independents and grocers. Industry-high margins were sustainable too, Credit Suisse said."
Re: W..... GREEN MORNING. So much for being sensible and taking notice of city brokers can pick up for 284 now ..lolAnd i topped up lower then advised.They must be at it in some way as i can not see how they make clients money .Maybe I'm right paddling my own canoe.
Re: W..... GREEN MORNING. Topped up @ 293p .. above my target price due to recent news and advise.
Re: W..... GREEN MORNING. David Buiik .. Financial pundit on Nick Ferrari morning LBC show.Ramping it this morning up 2.4% @ 8am
W..... GREEN MORNING. Last link 12/08/2014.5/01/11... 22.4p = 148p7/08/14....suspension for merger 53p = 341p
Re: Results And we continue to drop post results - possibly due to high st figures.
Re: Results Potentially:- General market uncertainty due to elections- Pound fall (higher cost of imported goods)- AO World results today not well received, and having impact on DC.Just my guesses. Happy for any other views.nk
Re: Results I've been wondering about that myself. After the 5% rise on the day I thought we were set for a share price recovery but it soon dropped back. The 2.5 % drop today may be down to the latest poll. Dave
Re: Results Anyone care to guess whats caused the continual drop in share price after the short rise following the results?