elfanddwarf
21 Apr 2015
Rise Anyone know the reason for the early morning rise today?
oldjoe1
10 Apr 2015
DC. Broker Buys...... DC. Dixons Carphone.....Broker Buy Recos.......Date Broker Rec. Price Old target price New target price Notes02 Apr 15 Exane BNP Paribas Outperform 424.40 520.00 520.00 Retains03 Feb 15 Beaufort Securities Buy 424.40 - - Reiterates22 Jan 15 Numis Add 424.40 - 500.00 Reiterates22 Jan 15 Deutsche Bank Buy 424.40 465.00 480.00 Reiterates21 Jan 15 Canaccord Genuity Buy 424.40 500.00 500.00 Reiterates21 Jan 15 Investec Buy 424.40 465.00 500.00 Reiterates
oldjoe1
09 Apr 2015
DC. Recovering After Oversold......... DC. Dixons Carphone.Looks like its on the verge of recovering after being oversold.[link]
oldjoe1
24 Feb 2015
DC. Chart Breakout..... DC. Dixons Carphone should benefit from rotation from defensives to cyclicals now that we see an increase in Living Standards...........[link]
oldjoe1
04 Feb 2015
Re: DC. TIPPED. 04 Feb 2015 Dixons Carphone DC. Barclays Capital Overweight 429.65 429.00 - - Reiterates
forwardloop
03 Feb 2015
Beaufort sec buy Dixons Carphone (DC..L) - Buy at 430pA 9% fall in the share price since early-January has put Dixons shares in an interesting technical position. Views about the company have become polarised given the general uncertainty around prospects for the global economy. However, the merger of the two major retail groups, Dixons and Carphone Warehouse, has come at an interesting time given the rapid rationalisation taking place in the telecommunications sector.While Dixons may be regarded as a solid source of earnings for the new group, with the right alliances, Carphone can re-establish itself as a significant force in its sector. Interestingly, the potential growth for Dixons may gain a boost from the higher disposable income available to consumers for Dixons’ mainstream household goods as a result of the rapid fall in oil prices. An initial recovery in the share price to around the 485p level (+12%) looks possible. Buy
oldjoe1
02 Feb 2015
DC. TIPPED. <b>Dixons Carphone – buy, sell or hold?</b>Robert Sutherland Smith | Sunday 1 February 2015We have had a recent trading statement from Dixons Carphone (DC.), the recently merged Dixon’s Retail and Car phone Warehouse companies, which I had reviewed positively in late May 2014. The pre- merged Dixon’s Retail share price was then 44p in its old form. The adjusted share price chart indicates that the new form share price was then around 300p. In the next seven months, the share price rose reaching a peak of 470p last month – a useful increase of an estimated 56%. Since then, the share has retreated 8% to 345p. So where does it go from here?The merger was an exercise of desperation from companies in highly competitive markets. Dixons was doing particularly badly; something that is reflected in its last set of margins and returns. Last year to March 2014, its gross margin was a modest 9%. The fact that it had a net profit margin of any kind must be a tribute to tight management. In the event, it had a net margin reported as 0.73% and an operating margin of a reported 1.8%. The return on equity was 2% and the return on assets of 0.88%. A measure of the problems and a reflection of the potential if the mangers could make a more economically efficient operation out of this merger. The Last trading statement covered the nine weeks to January 3rd 2015. It was something of a restrained explanation, talking of market share gains and stable margins – not a magnificent revelation in view of how low they had been. It was enough to pull the shares down on profit taking. Nevertheless, it was technically speaking, an appropriate market response because the shares were in the last weeks of last year above the uptrend of the share price; a trend that had started last July on the basis of my inspection of the chart. The share price after the 8% fall from the January peak of 470p looks as though it has bounced back in the uptrend.The market consensus estimates are of a strong rise in earnings per share from the low reported 8.6p last year. That consensus looks for earnings to an estimated 31.4p in the year to 31 March 2017, putting the shares on a prospective estimated price to earnings ratio of 13.5 times for the year after next. Accompanying that, the consensus envisages dividends growing each year from 6p last year to 10.5p for the year to 31 March 2012 putting the shares on a prospective estimated dividend yield of 3% with an earnings yield of a high 9% reflecting a near three times earnings cover. The final year and fourth quarter results to March 31st 2015 will not be known until next June. My own reading of the share price chart is of a share trending upwards. The company has plenty of scope for boosting margins and returns at a time when low consumer price inflation in putting some more spending power into the hands of consumers. I guess that news from company will emerge to justify current consensus expectations. I judge that this fall back in the share price is an appropriate entry point for new investors who like the prospect of progress through management and improving operational efficiencies.
oldjoe1
30 Jan 2015
DC. Broker Update...... 30 Jan 2015 Dixons Carphone DC. Exane BNP Paribas Outperform 428.60 424.20 510.00 520.00 Retains
II Editor
21 Jan 2015
NEW ARTICLE: Dixons Carphone PLC Reports “Roller-Coaster†Christmas Progress "Shares in mobile phone and electrical goods retailer Dixons Carphone PLC (LSE
C) remained largely unmoved today after the company reported a "roller-coaster" Christmas trading period.The owner of Carphone Warehouse and Currys / PC World ..."[link]
takenoprisoners
19 Jan 2015
Next Update Nice little rally into the next update.Lets see what synergies have occurred and what extra trading resulted after the collapse into administration of Phones4U and of course over the key Festive period.Imvho and please dyor.
II Editor
16 Jan 2015
NEW ARTICLE: The week ahead... "As we leave the festive season further behind, the financial calendar is starting to look busy again.Software company WANdisco will update the market with its year-end update and retailers Dixons Carphone and B&M will release statements. Consumer ..."[link]
oldjoe1
18 Dec 2014
Re: brokers comments Dixons Carphone plc (DC.) Ordinary 0.1pHL COMMENT (17 DECEMBER 2014)Half year results: Targeted cost savings at the newly merged company are expected to materialise a year ahead of schedule. Management's target of a minimum £80 million of synergies by 2017-18 has now been brought forward by one year to 2016-17. The fall of Phones 4U appeared to play its part in boosting revenues (group H1 like-for-like revenue up 5%), while free warranties on products such as high-end TVs also further contributed. Economic recovery for its core UK and Irish markets also appeared to aid performance, whilst its newly separated business services division (Connected World Services) reported a doubling in pro forma revenues.Less favourably, stores in the Netherlands and Germany are being closed, while market pressures in Spain were reported. Management noted that "Life has been tougher for our smaller European phone businesses who are strategically less able to be robust in the face of market changes and we are in the midst of restructuring and reviewing these operations."In all, merger cost savings are being squeezed, the repositioning of its overseas operations remains ongoing, while management initiatives to improve customer satisfaction appear to be generating success. For now, with high street competition further reduced and the company remaining a potential beneficiary of the expected growth in the so called 'internet of things', analyst consensus opinion points towards a strong buy.Read more share research from Hargreaves LansdownHighlights:Group first half like-for-like revenue up 5%. Second quarter like-for-like up 9%.Group pro forma headline or adjusted profit before tax of £78 million (2013: £60 million), up 30%. Statutory loss before tax from continuing operations £20 million (2013: loss of £27 million) after non-headline charges of £100 million.Management now expects to deliver a minimum £80 million of cost savings by 2016-17, one year ahead of plan.Interim dividend of 2.5 pence per share, payable in January 2015.Negative Points:Stores in the Netherlands and Germany are being closed. Management noted that "In the Netherlands the market proved to be much more challenging than anticipated." Pro forma headline revenue in Northern Europe in the first half was down 8%.The group noted that "our Spanish business was negatively impacted by market pressure." Pro forma headline revenue in Southern Europe in the first half was down 15%.Competition from the likes of Amazon will prove no less intense.For Carphone Warehouse, concerns regarding the outlook for mobile phone sales have previously been expressed. Many consumers now possess a smartphone.Positive Points:Targeted cost savings at the newly merged company are expected to materialise a year ahead of schedule. Management's target of a minimum £80 million of synergies by 2017-18 has now been brought forward by one year to 2016-17.Overall group for first half like-for-like revenues rose by 5%. Second quarter like-for-like revenues grew by 9%.Pro forma revenue in the first half in the UK & Ireland increased by 8%. Management noted that "the business benefited from the closure of Phones 4U." The group pointed to a particularly good performance in high-end TVs, aided by a number of initiatives including free warranties.In Spain, the company has recently started a relationship with Telefonica to distribute the products and services of Movistar in its stores for the first time.Connected World Services (CWS), its business services division, reported separately for the first time. The business looks to leverage the company's core expertise and systems to provide solutions for other companies. Pro forma revenue of £79 million were reported (2013: £41 million) with the increase predominantly reflecting the revenue from its Samsung Experience Stores which launched in the second half of last year.The group is disposing of non-core operations. The disp
oldjoe1
18 Dec 2014
Re: brokers comments <b>Investec hikes Dixons Carphone price target after interims</b>Maiden interim results from recently merged Dixons Carphone (DC) prompted Investec analyst Alistair Davies to raise his share price target from 395p to 465p.Davies reiterated his ‘buy’ recommendation for the electrical and phone retailer after half-year earnings before interest and tax came in at £100 million and profits before tax hit £78 million. Both were well ahead of consensus forecasts of £79 million and £58 million.Dixons Carphone shares gained 14.5p or 3.4% to 441p.‘[There is] no change to full-year 2015 estimates but estimates look underpinned and we upgrade full-year 2016/17 profits before tax by 2.5%/4% respectively, reflecting earlier realisation of synergy benefits,’ he said.‘Dividend yield is c.2% but free cash-flow increases in full year 2016 estimates potentially offer scope for further shareholder returns.’[link]
II Editor
18 Dec 2014
NEW ARTICLE: Put these 3 retailers in your Christmas stocking "General retailers rely on consumers having a little bit of extra cash in their pocket, especially as the lights and the tinsel go up before Christmas. This is make-or-break time for the high street, and after a slow autumn due to warmer weather, ..."[link]
forwardloop
17 Dec 2014
brokers comments [link]
