DC. Strong Upside indicated........ <b>Dixons Carphone PLC 15.6% Potential Upside Indicated by Deutsche BankPosted by: Ruth Bannister</b> 4th January 2016Dixons Carphone PLC with EPIC/TICKER LONC has had its stock rating noted as Reiterates with the recommendation being set at BUY this morning by analysts at Deutsche Bank. Dixons Carphone PLC are listed in the Consumer Services sector within UK Main Market. Deutsche Bank have set a target price of 575 GBX on its stock. This would imply the analyst believes there is now a potential upside of 15.6% from todays opening price of 497.3 GBX. Over the last 30 and 90 trading days the company share price has increased 35.1 points and increased 72.3 points respectively. Dixons Carphone PLC LONC has a 50 day moving average of 476.33 GBX and a 200 day moving average of 455.13 GBX. The 52 week high for the stock is 506.5 GBX while the 52 week low for the stock is 398.9 GBX. There are currently 1,153,660,495 shares in issue with the average daily volume traded being 2,208,122. Market capitalisation for LONC is £5,711,773,181 GBP. Dixons Carphone PLC is a United Kingdom-based electrical and telecommunications, retailer and services company. The Company has four segments, including UK & Ireland, Nordics, Southern Europe and Connected World Services. The UK & Ireland segment offers the brands: Currys, PC World, Carphone Warehouse, Dixons Travel, KNOWHOW, Geek Squad and PC World Business.
DC., Broker UPDATE....... Dixons Carphone DC. Deutsche Bank Buy 500.00 500.00 525.00 575.00 ReiteratesSP target 575p
DC. Brokers Piling in. Dixons Carphone DC. Canaccord Genuity Buy 490.00 485.10 530.00 550.00 ReiteratesDixons Carphon. Beaufort Securities Buy 490.00 485.10 545.00 - ReiteratesDixons Carphone DC. Deutsche Bank Buy 490.00 485.10 525.00 525.00 Reiterates
DC. Comment.... Dixons Carphone (DC.) chief financial officer Humphrey Singer says it's "too soon" to update investors on how the group fared during the all-important Black Friday, Cyber Monday and festive trading period. He said sales of white goods were strong during the nationwide promotional bonanza in November, but the company expects a second sales spike with the launch of the Boxing Day sales. Just now, the group is "in a quiet valley" before last-minute shoppers push sales up right before Christmas Day.But any surge from festive trading doesn't affect the latest set of interim figures, which run up until the end of October. During the six-month period group like-for-like sales grew 5 per cent, following a particularly strong second quarter, particularly in the UK. Revenue across the UK and Ireland rose 7 per cent on a like-for-like basis, thanks in particular to strong sales in the mobile business, which benefited from the closure of Phones 4u.Southern Europe also did well, with sales growing 4 per cent on a like-for-like basis and 7 per cent in the second quarter alone. Business in the Nordics didnt fare badly, considering the competitive environment and pricing pressure, but the fall in the Norwegian krone relative to sterling left total first-half revenues down 11 per cent at £1.20bn. On a pro-forma basis and in local currency, sales there rose 2 per cent, or 1 per cent on a like-for-like basis.Dixons is finishing off the Carphone Warehouse integration, as well as concentrating on its US partnership with telecoms group Sprint. Chief executive Sebastian James said the "majority of difficult decisions" regarding the Carphone Warehouse merger had been made, with head offices now fully combined. Meanwhile the "rapid rollout" of the Sprint trial is said to be yielding "excellent results". A decision on accelerating a wider US rollout will be made in early 2016.Brokerage Investec expects pre-tax profits of £445m for the year ending April 2016, giving EPS of 28.5p, compared to £381m and 25p in FY2015.
Re: DC................. BEATS IC VIEW:At 487p, the shares are up a healthy 10 per cent on our year-old buy advice (444p, 1 January 2015). They now trade on 17 times forward earnings, but we don't think that's too much to ask for one of the few high-street retailers that is successfully navigating a highly competitive and volatile consumer environment. Buy.Last IC view: Buy, 423p, 15 September 2015
Re: DC................. BEATS DIXONS CARPHONE: Dixons Carphone DC.L, Britain's largest electricals and mobile phone retailer, beat forecasts with a 23 percent rise in first half profit, helped by a strong performance in its home market where it outperformed rivals....
DC................OUTPERFORMS DIXONS CARPHONE: Dixons Carphone DC.L, Britain's largest electricals and mobile phone retailer, beat forecasts with a 23 percent rise in first half profit, helped by a strong performance in its home market where it outperformed rivals....
DC................. BEATS UPDATE 1 Dixons Carphone beats first half profit forecasts on strong UK16-12-2015 07:49(Adds details, quote)LONDON, Dec 16 (Reuters) Dixons Carphone , Britain's largest electricals and mobile phone retailer, beat forecasts with a 23 percent rise in first half profit, helped by a strong performance in its home market where it outperformed rivals.The group, which trades as Currys, PC World and Carphone Warehouse in the UK and Ireland, Elkjop and El Giganten in Nordic countries and Kotsovolos in Greece, said on Wednesday it made an underlying pretax profit of 121 million pounds ($182.00 million) in the 26 weeks to Oct. 31.That compares to analysts' average forecast of 111 million pounds, according to a company compiled consensus, and 98 million pounds made in the same period last year.Group sales at stores open over a year rose 5 percent, driven by a 7 percent rise in the UK & Ireland division.Dixons Carphone was formed through a merger last year of Dixons Retail and Carphone Warehouse and although investors initially reacted coolly to the plan, they have since been won over, with the shares up 37 percent."Against a broadly flat market overall and a very strong comparative period we have seen continued like-for-like growth driven by market share gains across all territories," Chief Executive Sebastian James said.The firm said a strong "Black Friday" discount day on Nov.27 delivered its biggest-ever single day's trade and was "a great start to Christmas." Dixons Carphone also announced changes to its board, with the addition of the former CEO of BT Ian Livingstone as deputy chairman and Tony DeNunzio, the former head of Asda/Walmart UK as senior independent director.Roger Taylor, the former CEO of Carphone Warehouse, will stand down as deputy chairman of the board with immediate effect.Shares in the firm, up 12 percent over the last year, closed Tuesday at 476.7 pence, valuing the business at 5.53 billion pounds. ($1 = 0.6648 pounds)(Reporting by James Davey; editing by Kate Holton) (([email protected]; +44 20 7542 7674; Reuters Messaging: [email protected])Keywords: DIXONS CARPHONE RESULTS/© Thomson Reuters Limited. Click for restrictions
Dixons, super results........... Dixons Carphone plc A strong half year with pro forma Headline profit before tax up 23% Interim results for the 26 weeks ended 31 October 2015 Group H1 like-for-like revenue(3) up 5%; Q2 like-for-like up 3% Market share gains across UK & Ireland, Nordics, Greece and Spain Group pro forma Headline PBT(1) of £121m (14/15: £98m), up 23% Group pro forma Headline EBIT(1) of £135m (14/15: £120m) Group pro forma Headline basic EPS(1)(2) from continuing operations 7.5p (14/15: 6.3p) Statutory profit before tax from continuing operations of £78m (14/15: £71m) after non-Headline charges of £43m (14/15: £31m), statutory basic EPS from continuing operations of 4.8p (14/15: 6.6p) Interim dividend of 3.25p, payable in January 2016, an increase of 30% CWS pipeline developing well and an encouraging start to the Sprint trial
DC. Results Tomorrow...... DC. Dixons Carphone PLCTransfered from FAR9 thread.Went long on this one at 460p resistance end of NOV. Held through short term market volatility.Think this one will be a big hit amongst the xmas retailers. Word is property assets are going to be sold off which will boost the companys performance. Im very bullish on this one and think results are next week.[link]
Beaufort Buy TGT 545p Dixons Carphone (DC..L) - Buy at 488p (Target: 545p)Since the merger between Dixons and Carphone Warehouse the enlarged group has created a huge amount of synergies, the run up to Christmas to provide perfect backdrop from the retail spending to bolster its share price. In the last results they said the iPhone 6 sales will be factored into the results due on the 16th December and they believe the business is in very good shape looking ahead. BUY
Known about this on 5 Aug but just telling customers now [link] to see reaction on Monday
DC. vs AO. comparison This infographic compares Dixons Carphone and AO World Plc, they have details on valuation etc. C.-LSE:AO." target="blank" rel="nofollow">[link]
buy shares mag via alliance trust email - graphs missingDial into Dixons Carphone Ride positive earnings momentum behind the merged retail behemothJames CruxAlmost a year into its mega-merger, electricals-to-telecommunications retailer Dixons Carphone (DC.) is confounding naysayers. Further market share gains in the UK, Nordics and Greece and across key product categories offer a powerful combined catalyst to sustain its momentum. Another round of upwards earnings revisions followed a maiden full-year update (3 Jun) for the combined group, formed through the all-share merger of Dixons Retail and Carphone Warehouse completed in August. The retailer raised annual pre-tax profit guidance to 'slightly above the top end' of a previous £355 million-to-£375 million range. This followed a strong fourth quarter where group like-for-like sales grew 9%. UK & Ireland like-for-likes were up 13% in Q4, smashing consensus estimates and improving on the strong Christmas quarter. The PC World, Currys and Carphone Warehouse brand owner is plugged into the emergence of the 'internet of things', the trend that sees ever more devices and appliances connected to the web. Its comprehensive range of electrical and mobile products, connectivity and expert after-sales service is resonating with consumers. The merger should continue to yield sales and cost synergies, as well as deliver the strong cash generation needed to invest in sustainable competitive advantage and potentially fund surplus capital returns. Shares says: "At 466.6p, the shares swap hands for almost 17 times forecast 2016 earnings, though earnings upgrades should support the rating." An ongoing beneficiary of Phones4U's collapse, Dixons Carphone's pricing is 'at our most competitive ever' versus the market, delivery options have been improved and internal customer service scores are the strongest ever. All this is helping to lure business back from the supermarkets and pure-play online rivals. The introduction of Carphone Warehouse 'stores-within-a-store' there are now 233 open within Currys PC World outlets is also paying off. Dixons Carphone is winning share in all key markets in the Nordics too, though Q4 growth slowed due to the impact of a lower oil price on Norway's economy and currency and a tougher Finnish backcloth. Politically-volatile Greece is also going well, surprisingly, with same-store revenues rising 8% in the final quarter. Following the disposal of non-core German and Dutch businesses, the balance sheet is also strengthening, with year-end net debt expected to be lower than the previous £300 million guidance. With a 530p price target, Numis Securities forecasts pre-tax profits of £377.5 million and earnings of 24.6p for the year recently ended, rising to a conservative-looking estimate of £422.5 million in pre-tax profit and 27.5p of EPS by April 2016. Shares says: Buy Dixons Carphone
Free roaming in 20 countries [link]