NEW ARTICLE: DFS Furniture fightback is underway ""A strengthening trading performance" and "modest growth in EBITDA" are not phrases investors hear too often in the retail sector these days, so there was understandable relief at the tone of LSEFSFS Furniture results Wednesday.The ..."[link]
NEW ARTICLE: The week ahead: Dixons Carphone, Debenhams, Carpetright "A number of high-street retailers update the market in the coming days against a backdrop of weak retail sales and in the wake of DFS's recent profits warning.Monday 26 JuneTrading StatementsMonks Investment trust, D4t4 SolutionsAGM/EGMEdenville ..."[link]
NEW ARTICLE: The high street's not dead: The retail stocks to own "Is the writing on the wall for UK general retailers? Retail sales data from the Office for National Statistics (ONS) published Thursday certainly painted a gloomy picture, with year-on-year growth in sales volumes of 0.9%, its lowest since April ..."[link]
Re: ouch Terry Smith wrote that if a private equity backed company proposes to float you should run for the hills and never, ever buy the shares in the float. Of course, Terry Smith later persuaded investors to back the float of private equity backed Collins Stewart, which later cratered.
NEW ARTICLE: Uncomfortable times for DFS as shares dive "Investors in UK retailers had a fright Thursday as they woke up to the worst set of retail sales figures for more than four years. Shares plunged across the board with LSE:NXT:Next, LSENLMunelm and LSE:BWNG:N Brown among the biggest ..."[link]
ouch how many times have you seen a company float and then the holding company unloading what it can and then boom..........not sure where this goes now.tiger
DFS, Very Solid Results <b>DFS Furniture's full year sales rise 7.4 pct06-10-2016 07:40</b>Oct 6 (Reuters) British furniture retailer DFS Furniture Plc said its full-year gross sales rose 7.4 percent to 980.4 million pounds ($1.25 billion) helped by strong performance of its branded products range. ...* Company says total sales in its Exclusive Brand rose 35 percent with brands such as House Beautiful and French Connection Zinc ranges performing strongly.* DFS, which calls itself "the sofa experts", says core earnings for 52 weeks to July. 30 rises 5.8 percent to 94.4 million pounds* Company proposes a final dividend of 7.5 pence per share, expects special capital return to shareholders later in 2017.* Company says gets positive response to partnership with Great Britain's team for Rio Olympics($1 = 0.7868 pounds)(Reporting by Rahul B in Bengaluru; Editing by Sunil Nair) (([email protected]; UK: +44 20 7542 1810; Outside UK: +91 80 6749 1136; Reuters Messaging: [email protected])Keywords: DFS FURN RESULTS/
Re: Overdone why the rise in the share price today? Have they had their fill of buying back stock?Time to let the share price rise again yippie!!monyash
Its just in a spiral down Every day they buy more shares but drift it does.Not even going to guess the bottom on this one.Tiger
Re: Overdone Agreed, surprised this hasn't bounced back yet as the FTSE seems to be fairing very well in comparison.
Overdone This company is extremely sound and has consistently done well year after year. The sell off IMHO is vastly overdone and represents a tremendous buying opportunity.
30 million shares placed Well that was a bit of a shocker. I had topped up at 304 only a week ago and was staring at quite a nice price rise since. Now back to square one almost.
Re: Doesn't make sense The usual buy on rumour, sell on news I'm afraid. It'll work its way back up imo.
Re: Doesn't make sense Expectations already built into price?? seem to be falling every time I look at them.. perhaps its time to tuck a few more away.
Doesn't make sense Am I reading wrong or are these results not exceptionally good!!Why the price drop?