This seems a bit odd - can anyone shed light on this?
Dixons have no trades showing on DXNS has the epic changed or something?
Cheers for any input
:>)

Now DSGI

Thanks partridge! :>)

Looks like good 'ol Dixons is back!

The rise since Sept10, looks like it anticipated good times - and the v.recent Snow has dragged sp down to 23p again. Oh deary.
EDIT-(13Jan2011)-10% Down on official Xmas trades. Probably abt. right.

Sub 20p now, thinking about a purchase now.
2517

Market cap around 700m, could they be a take over candidate? I'm not in yet. but seriously thinking about it (still).
2517

Will this stock turn round with all the shorting at the moment

Who will go first
DXNS
YELL
HMV

Yell is favourite

Dixons Retail sales slide accelerates in second half-year
StockMarketWire.com
Electrical retailer Dixons Retail said today underlying total and like for like sales were down 2% in the full year to end-April and down 4% in the second half. The group delivered 50m of cost savings in the full year.

Dixons said businesses were performing ahead of their markets, particularly in the UK, Nordics, Italy and Greece.

60 Megastores are now open across the Group with average annual sales of 20m.

Dixons said new format stores were delivering consistent gross profit uplifts across the Group.

Given the ongoing shift to multi-channel - pure play e-commerce sales were down 9% while multi-channel internet sales were up by 12% across the Group in the full year.

Group Gross margins were flat in the second half, with gross margins in the full year up 0.1%.

Underlying Group profit before tax is expected to be approximately 85m, in line with previous guidance.

Year end net debt is expected to be approximately 220m.

John Browett, CEO, commented: 'Market conditions have been challenging in many of our markets this year. Our businesses have responded to our customers needs enabling them to improve their market positions, particularly in the UK, Nordics, Greece and Italy. Our focus on Value, Choice and particularly on Service have been at the heart of this delivery.

'With challenging economic headwinds continuing for many of our customers, we remain cautious on the outlook for the year ahead. Having had a strong World Cup performance as well as the exclusivity of the iPad last year, we have tough comparables ahead. However, through our Renewal & Transformation plans, our businesses are well placed to emerge from the current weak consumer environments ahead of our competitors.

'Having made further good progress on the Renewal & Transformation plan, we continue to deliver significant improvements for our customers, notably this year through the launch of our service brand KNOWHOW, but also through our improved shopping trip and refitting of stores, particularly in the UK. We will continue to lead the market in delivering a better shopping trip for customers and stronger business performance for shareholders.'

Dixons Retail will announce preliminary results for the year ended 30th April 2011 on 23rd June 2011.



Story provided by StockMarketWire.com

Final Results on the 23rd, I believe.

Dixon's are in a downward trend with little chance of any upside during the summer months sales. I see this stock falling to single figures.

SALE & LEASEBACK OF SWEDISH WAREHOUSE

Dixons Retail plc, Europe's largest specialist electrical retailer and services company announces that it has today exchanged contracts with a syndicate of investors advised by Ness, Risan and Partners AS for the sale and leaseback of its Nordic distribution centre in Jonkoping, Sweden.

The sale and leaseback is expected to be completed on 23 June 2011 and the total cash consideration payable on completion is expected to be approximately SEK600 million (GBP59 million). The estimated book value of the property as at 30 May 2011 was SEK 214.5 million (approximately GBP21 million).

Down 11% on the back of HOME update today. They have final results on the 23rd - wow betide the share price if they are below expectations.

Suspension looming maybe

A month ago I thought they looked a speculative buy! Unfortunatley I can't short them.

Why skinny

CMC don't carry it.

Right. Skinny this maybe a dumb question but if UK interest rates are increased do stock go up or down in general. Thank's

Yes! I hope that helps :-)

It will when they go up. Thank's

RNS Number : 9532I

Dixons Retail PLC

23 June 2011

FULL YEAR RESULTS

23 June 2011

Strictly embargoed

For release at 07.00 hours

Dixons Retail plc

Robust performance in challenging markets

Dixons Retail plc, one of Europe's largest specialist electrical retailing and services companies, today announces preliminary audited results for the 52 weeks ended 30 April 2011.

Key Highlights

-- Margins and underlying profit before tax, at GBP85.3 million, maintained in challenging market conditions.

-- Investment in the customer offer through the Renewal & Transformation plan is delivering.

-- Increasing market share across most markets and sectors, particularly in the UK and Nordics.

-- Step change to the customer focused business model, differentiating the offer for customers.

-- Further benefits to come through rolling out refurbished and megastore formats, the transformation of the services offer through KNOWHOW, upgraded websites and a leaner operating model.

John Browett, Chief Executive, commented:

"Maintaining sales, margin and profits is a good performance in such challenging conditions. We are consistently outperforming our markets and gaining share because our Renewal and Transformation Plan continues to deliver a better and more compelling experience for customers.

The store refit programme is progressing well and our relentless focus on customers' needs is reinforced through our services brand KNOWHOW which gives us a differentiated offer. Self-help has put our business on firm foundations and in a strong position for when we emerge from the current weak consumer environment."

Outlook

The economic backdrop remains challenging, particularly in the first half as we anniversary the World Cup and iPad launch. However the Group is well prepared for this environment. We are creating a market leading differentiated customer offer leaving us well set to emerge from the current climate ahead of the competition.

Financial Highlights

-- Total Underlying Group sales(1) (2) down 2% to GBP8,154.4 million (2009/10 GBP8,320.0 million) and down 1% on a constant currency basis.

-- Total Group sales, including those from businesses to be closed and closed businesses, were GBP8,341.8 million (2009/10 GBP8,532.5 million).

-- Group like for like sales(3) down 4% in the second half and down 2% in the full year.

-- Underlying Group gross margins were flat in the second half of the year and up 0.1% in the full year.

-- Underlying Group EBIT(4) of GBP127.6 million (2009/10 GBP133.2 million).

-- Underlying pre-tax profit(1) of GBP85.3 million (2009/10 GBP90.9 million).

-- Underlying diluted earnings per share(1) of 1.6 pence (2009/10(5) 1.5 pence). Basic loss per share for continuing operations of (6.6) pence (2009/10 earnings per share of 2.0 pence).

-- Total loss before tax, after deducting non-underlying items of GBP(309.4) million, was GBP(224.1) million (2009/10 profit before tax of GBP112.7 million).

-- Free Cash Flow(6) of GBP38.9 million before restructuring charges (2009/10 GBP28.1 million).

-- As at 30 April 2011 the Group had net debt of GBP(206.8) million (2009/10 GBP(220.6) million).

-- Rephased debt profile following issue of new 2015 Bonds and part repurchase of existing 2012 Bonds in July 2010.

Impairment and restructuring

Recognising challenging conditions in some of our markets, and the ongoing business restructuring under the Renewal and Transformation plan, we have reviewed the balance sheet and made impairment and other non underlying charges totalling GBP309.4 million. The additional cash impact of these charges is estimated as GBP39 million, of which approximately GBP8 million was incurred in 2010/11. The impairments primarily relate to the closure of operations in Spain (GBP70.6 million), the impairment of acquired goodwill in relation to Kotsovolos in Greece (GBP53.2 million) and PIXmania (GBP106.3 million).

Business Highlights

-- Renewal and Transformation plan delivering a market leading offer for customers.

-- Store transformation programme on track:

- 360 stores reformatted at the year end;

- 70 Megastores now open with average annual sales of GBP20 million;

- Over 80 Megastores across the Group, including 40 in the UK and 25 in the Nordics will have been reformatted by Peak;

- Newly reformatted stores continue to deliver gross profit uplifts of 20% versus the unreformatted stores in the UK and 15% in the Nordics;

- Second year trading for reformatted stores maintained.

-- Elkjop performed strongly in all of its markets, gaining significant market share.

-- New customer services brand KNOWHOW launched in the UK encompassing all after sales and support services.

-- Multichannel internet sales up 13% across the Group, reflecting the continued shift of sales to the multichannel brands.

-- Closure of loss making PC City operations in Spain ahead of plan.

-- Cost savings on track:

- GBP50 million savings delivered in the financial year;

- GBP50 million of additional cost savings expected in each of the next three years.

UNDERLYING SALES AND PROFIT ANALYSIS


Underlying profit
Underlying sales / (loss)
52 weeks 52 weeks Currency 52 weeks 52 weeks
ended 30 ended 1 Neutral Like for ended 30 ended 1
April 2011 May 2010 (7) % like(3) % April 2011 May 2010
GBPmillion GBPmillion change change GBPmillion GBPmillion
--------------- ----------- ----------- --------- ----------- ----------- -----------


UK & Ireland
(8) 3,816.1 4,013.5 (5)% (3)% 71.3 71.1

Nordics (9) 2,268.9 2,093.7 +7% +5% 105.6 97.4

Other
International
(10) 1,226.7 1,291.6 (2)% (5)% (21.6) (8.3)

Pure play
e-commerce
(11) 842.7 921.2 (5)% (5)% 0.9 11.3

Central Costs - - (15.8) (19.5)

Total Group
Retail 8,154.4 8,320.0 (1)% (2)% 140.4 152.0
=============== =========== =========== ========= =========== =========== ===========

Property
losses (12.8) (18.8)

EBIT 127.6 133.2
=============== =========== =========== ========= =========== =========== ===========

Underlying net
finance costs (42.3) (42.3)

Group underlying profit
before tax 85.3 90.9
============================ =========== ========= =========== =========== ===========

Notes

(1) Throughout this statement, references are made to 'underlying' performance measures. Underlying results are defined as excluding trading results from businesses to be closed, closed businesses, the amortisation of acquired intangibles, net restructuring and business impairment charges and other one off non-recurring items, profit on sale of investments, net fair value remeasurements of financial instruments and, where applicable, discontinued operations. These excluded items are described as 'non-underlying'. The financial effect of these items is shown in the analyses on the face of the income statement and in note 3 to the financial information.

(2) Business to be closed comprises PC City Spain. Closed businesses comprise the operations of PC City Sweden and Markantalo in Finland. Discontinued operations comprise operations in Poland and Hungary.

(3) Like for like sales are calculated based on stores that have been open for a full financial year both at the beginning and end of the financial period and are calculated using constant exchange rates. Customer support agreement sales are excluded from all UK like for like calculations. Operations that are subject to closure have sales excluded as of the announcement date. Stores subject to a refurbishment are excluded during the period of refurbishment. All e-commerce pick up store sales are included in like for like sales.

(4) Underlying Earnings Before Interest and Tax (EBIT) equates to underlying operating profit and is defined as underlying earnings from retail operations, after property losses, before deduction of net finance costs and tax.

(5) The weighted average number of shares used in the calculation of earnings per share for the period prior to the rights issue, which completed on 9 June 2009, has been multiplied by an adjustment factor to reflect the bonus element of the shares issued under the terms of the rights issue (as described in note 6 to the financial information). The adjustment factor used was 1.2138.

(6) Free Cash Flow relates to continuing operations and comprises net cash flow from operating activities before special pension contributions, less net finance costs, less income tax paid and net capital expenditure.

(7) Currency neutral change percentage reflects the year on year growth or decline in Underlying Sales, calculated excluding the effect of currency movements.

(8) UK & Ireland comprises Currys, CurrysDigital, Dixons Travel, PC World, operations in Ireland, DSGi Business and KNOWHOW. Like for like sales exclude DSGi Business.

(9) Nordics comprises the Elkjop group and Dixons Travel Denmark.

(10) Other International comprises Greece (Kotsovolos), Italy (Unieuro, combined 2-in-1 Unieuro and PC City stores and Dixons Travel Italy), Czech Republic (ElectroWorld), Slovakia (ElectroWorld) and Turkey (ElectroWorld).

(11) Pure play e-commerce division comprises Dixons.co.uk and PIXmania.

(12) Unless otherwise noted, throughout this statement figures relate to continuing operations, excluding the results of business to be closed / closed businesses. Total revenue including discontinued operations and business to be closed / closed businesses was GBP8,341.8 million (2009/10 GBP8,543.4 million).

(13) Certain statements made in this announcement are forward looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future developments or otherwise.

RNS Number : 9411I

Dixons Retail PLC

23 June 2011

Dixons Retail plc

BOARD CHANGES

Dixons Retail plc, today announces that Nicholas Cadbury, Group Finance Director, has resigned from the Board in order to take up the role of Chief Financial Officer at Premier Farnell plc.

Humphrey Singer will be appointed Group Finance Director from 1 September 2011 following a handover period. Humphrey will join the Board of Dixons Retail plc and the Executive Committee on 1 July 2011.

Humphrey joined Dixons Retail in 2007. He has held various finance roles since then including Finance Director of Currys, Group Financial Controller and most recently as Finance Director of the UK & Ireland division. Prior to joining Dixons Retail Humphrey was Finance Director of Coca Cola Enterprises (UK) Ltd. Prior to that he held a number of finance roles at of Coca Cola Enterprises (UK) Ltd and Cadbury Schweppes.

Announcing the changes, John Browett, Chief Executive said:

"I am pleased to welcome Humphrey to the Board as group Finance Director. He has significant relevant experience both within and outside Dixons Retail and has been a key member of the team in delivering the Renewal & Transformation plan to date.

I'd like to thank Nicholas for his considerable support and contribution, in particular for putting the Group on a stronger financial footing to support the Renewal & Transformation plan. Nicholas has spent 18 years with Dixons Retail and I wish him well in his new role."

RNS Number : 8157J

Dixons Retail PLC

05 July 2011

5 July 2011

DIXONS RETAIL PLC

DIRECTOR DEALING

Dixons Retail plc voluntarily announces that it has been notified by the Chairman, John Allan, that he purchased the following on 4 July 2011:

49,000 Dixons Group plc 6.125% 2012 Guaranteed Bonds at a nominal value of 98.25p; and

54,000 Dsg International plc 8.75% 2015 Guaranteed Notes at a nominal value of 87.95p.

Following the above purchase, the nominal value of John Allan's holdings is:

GBP527,143 Dixons Retail 6.125% 2012 Guaranteed Bonds; and

GBP549,493 DSG International plc 8.75% 2015 Guaranteed Notes

John Allan also holds 671,428 Ordinary Shares of 2.5 pence each in the capital of the Company.

- Ends -

For further information:

Helen Grantham Company Secretary & General Counsel 01727 203533

David Lloyd-Seed Group Communications Director 01727 205 065

This information is provided by RNS

The company news service from the London Stock Exchange

END

RNS Number : 9401K

Dixons Retail PLC

25 July 2011

25 July 2011

Dixons Retail plc Harrods

Concession agreement signed

Dixons Retail plc, one of Europe's largest specialist electrical retailing and services companies, and Harrods, the UK's leading luxury department store operator, announces that Dixons Retail is to operate the consumer electronics section of Harrods' flagship store in London.

Under this concession agreement, Dixons Retail will sell a wide range of leading edge consumer electronic equipment, including computing, audio and vision products together with related accessories and KNOWHOW services. The 11,000 sq. ft. store will open to customers in early 2012 in its new space on the 3(rd) Floor. It will be at the forefront of store design and will be fully staffed by Dixons Retail colleagues.

Sebastian James, operations director for Dixons Retail plc comments, "We are delighted that Harrods has recognised our market leadership and the compelling offer our team and our new service brand KNOWHOW can give customers. We look forward to working closely with Harrods and to providing its customers with the very best in terms of both product range and service."

David Miller, Director of Home, Furniture and Sound & Vision for Harrods, comments, "At Harrods we are completely client-centric and are constantly seeking new and innovative ways to meet our customers demands. In a move that underlines our commitment to this, we have carefully selected a partner that boasts the best ranges and a trusted operation to ensure that the latest consumer technology is always at our customers' fingertips."

FWIW I have bought some DXNS today for <10p per share, news tomorrow so fingers crossed.
2517

Dixons pins hopes on Dr Dre Beats headphones as losses worsen



{ Harry Wallop, 17:32, Thursday 24 November 2011

Losses at Dixons Retail (Other OTC: DSITF.PK - news) have increased as the dire economic situation in Greece and the high street slowdown in Britain hit the business.

However, it said it was confident consumers would pull out the stops to buy the latest gadgets, such as coffee machines and expensive headphones, this Christmas.

The company, which trades in Britain as Currys and PC World, as well as in Italy, Greece and Scandinavia, reported an underlying loss of 25.3m, compared with last year's 6.9m loss for the half. However, the City had been expecting a 30m loss.

John Browett, chief executive, said: "These numbers show that what we are doing works for customers and suppliers. It's a very tough environment out there, but we've made progress," he said.

He said sales of Beats by Dr Dre headphones, which can cost up to 350 and are named after the rapper, were up by 40pc in many of its stores, while coffee machines had increased by 11pc. However, sales of cheap cameras, sat navs and televisions, especially TVs (Taiwan OTC: 8264.TWO - news) priced below 400, were poor.

"There is no doubt if you are on average wages and you are supporting a family, with the price of food and the price of petrol, life is tough. But consumers are prepared to make big sacrifices to buy technology because it helps them live their lives."

Half-year sales inched up 1pc to 3.29bn, with a pre-tax profit of 2.4m against last year's loss of 11.4m. However, this was nearly all down to an exceptional gain of 37m following a sale and leaseback of a warehouse. Some small gain in UK profit margins (due to discounting less stock) was offset by terrible conditions in Greece, where the company has been forced to close a few stores and cut staff.

The shares rose 7pc to 10.02p.

Sold DXNS for a modest profit. Good luck to those still holding.
2517

RNS Number : 6564V

Dixons Retail PLC

17 January 2012

Tuesday, 17 January 2012

DIXONS RETAIL PLC

Solid performance in tough markets

Dixons Retail plc, one of Europe's leading specialist electrical retailing and services companies, is today updating the market on trading for the 12 weeks ended 7th January 2012.

-- Total underlying Group sales down 3% in sterling and like for like sales down 5%.
-- Strong growth in multichannel sales with 19% of Group sales generated online.
-- UK & Ireland trading ahead of competitors:
-- Strong period ahead of Christmas;
-- Sale period after Christmas was distorted by VAT rise last year. Like for like sales in the 2 weeks from 1st to 14th January were up 2% and up 23% in the period from 4th to 14th January;

-- Strong sales of in store services under KNOWHOW.
-- Nordic operations continue to consolidate share gains with less gross margin investment.
-- Operations in Italy and Greece impacted by weak economic environments.
-- Gross margins across the Group were flat year on year.
-- Stock turn increasing with stock levels down 7% year on year.

12 Weeks ended 7 January 2012
Underlying Sales Total growth Total growth Like for
(Sterling) (Local like growth
Currency)
---------------------- --------------- --------------- ---------------

UK & Ireland (6)% (6)% (7)%
Northern Europe
Nordics & Central
Europe +8% +7% +3%
Southern Europe
Italy, Greece,
Turkey (12)% (9)% (10)%
PIXmania (8)% (7)% (7)%

Total Group (3)% (3)% (5)%
---------------------- --------------- --------------- ---------------

John Browett, Group Chief Executive, commented:

"This is a solid performance against a challenging backdrop. Our service-led business model continues to win over customers in all our key markets. We have made significant progress with KNOWHOW and see further opportunities to develop our services offering. Our multi-channel offer is going from strength to strength with customers appreciating the benefits of our Reserve & Collect model.

Consumer confidence in many of our markets remains fragile and we will maintain a cautious approach to the outlook for the year ahead. We have set our business accordingly and will continue with our self-help strategy to improve the offer for customers. Our Renewal and Transformation plan is continuing to make the business better, easier and cheaper to run and delivering an unbeatable combination of Value, Choice and Service for customers."

- Ends -

Up 10.2% after extended auction.

In auction +6.5% - a recovery play?

Strong again today.

Board Announcement.

Board changes

Dixons Retail plc, one of Europe's leading specialist electrical retailing and services companies, announces the following Board changes:

John Browett will be leaving the company to take up the role of Senior Vice President of Retail at Apple, based in California, USA. John will step down from the Group Board on 20 February 2012 and will leave the company on 20 April 2012, following a handover period.

Sebastian James will be appointed Group Chief Executive and will join the Group Board on 20 February 2012. Sebastian joined Dixons Retail in April 2008 and is currently Group Operations Director. He has played a leading role in delivering the Renewal & Transformation of the UK & Ireland business. Sebastian has worked very closely with John and as Transformation Director, was responsible for the development and implementation of the new store formats and propositions across the UK & Ireland business, which have been a cornerstone in improving the shopping trip for customers and of the Currys and PC World turnaround. In addition he was the architect of the improvements to the delivery, repair and services infrastructure as well as of the significant reduction in the costs of these operations. Prior to joining Dixons Retail he held a number of CEO roles for private-equity backed ventures. Early in his career he was Strategy Director at Mothercare plc and worked for Boston Consulting Group.

Katie Bickerstaffe has been appointed to the new role of Chief Executive - UK & Ireland, and will also join the Group Board on 20 February 2012. With Sebastian, Katie has delivered the turnaround of the UK & Ireland business, with particular responsibility for the launch of KNOWHOW, the store portfolio strategy, marketing, customer relationship management and Human Resources functions. More recently she has also been responsible for the e-commerce operations in the UK & Ireland. Prior to joining Dixons Retail in June 2008 she was Managing Director of Kwik Save and Group Retail Director and Group HR Director of Somerfield plc.

The Group continues to trade in line with the trends as reported in its peak trading statement issued on 17 January 2012.

RNS Number : 9365W
Dixons Retail PLC
07 February 2012

FOR IMMEDIATE RELEASE Tuesday, 7 February 2012

DIXONS RETAIL PLC
Response to announcement from OFT

Dixons Retail plc ("Dixons" or "the Company"), one of Europe's leading specialist electrical retailing and services companies, welcomes today's announcement from the Office of Fair Trading ("OFT") regarding extended warranties. The report from the OFT recognises the improvements in the market since the Competition Commission reported in 2003 and in particular that customers are getting better value for money with decreased prices and quality improvements in terms of service and level of cover. The OFT believes that the undertakings announced today will resolve any remaining competition concerns.

Dixons Retail supports any initiative that provides customers with greater choice and helps them understand the features, benefits and value of the services we are able to provide to them. Dixons has worked closely with the OFT throughout the course of its market study, and will continue to do so in the development of a price comparison website allowing consumers to compare the cost of these agreements and other similar products.

Our Customer Support Agreements are designed with customers' convenience in mind. Last year we relaunched our services under the KNOWHOW brand having made significant improvements to the services offered to customers, which include many features over and above a standard extended warranty. Further improvements to our customer service offer are continuously being made.

The proposals being recommended by the OFT will enable customers to make more informed choices about how they obtain help and support. Our KNOWHOW teams in store, online and on the phone look forward to helping customers make the most of the products they purchase.

- Ends -

A bit of life left yet.

Interim Mangement Statement.

DIXONS RETAIL PLC
FULL YEAR TRADING STATEMENT
SALES AHEAD OF EXPECTATIONS WITH A STRONG END TO THE YEAR

Dixons Retail plc, Europe's leading specialist electrical retailer and services company, today announces trading for the 16, 28 and 52 weeks ended 28 April 2012.
· Group underlying total sales were flat and like for like sales were down 3% in the full year.
· Encouraging end to the year with Group like for like sales up 5% in the final quarter.
· Good performances in UK & Ireland and Northern Europe, trading ahead of their markets, and ending the year strongly with like for likes up 8% and 10% respectively in the final quarter.
· Italian and Greek business impacted by continued difficult economic environments.
· PIXmania's financial performance particularly impacted this year by supply issues following natural disasters, consumer declines in core markets and transition to a new operating model.
· Continued strong growth in multi-channel:
· Multi-channel sales up 30% in the second half and up 16% in the full year.
· Internet sales now represent 18% of Group sales.
· Group gross margins down 0.3% in the full year.
· Gross margins flat in the UK in the full year, in line with strategy.
· Northern Europe gross margins down 0.5% in the full year but recovering to flat in the second half.
· Full year Group underlying profit before tax expected to be between £65 million to £70 million which is towards the top end of expectations.
· Strong cash and working capital management resulting in year-end net debt expected to be approximately £110 million.

Dixons +45pc

Consumers are hardly rushing out to spend money on expensive electrical gadgets this year. But the one thing they might splash out on is a big television ahead of the Euro 2012 football championship and the Olympics, traditionally a significant spark to the TV market.

Dixons is probably best placed to win this spend, and investors have also been impressed by the new chief executive, Sebastian James, an old friend of David Cameron.

More recently the owner of PC World and Curry’s agreed a £300m refinancing package with its lenders, winning the company some much needed financial security and a vote of confidence.

Many believe the shares are still cheap and could, despite almost zero consumer confidence, continue to do well this year.

Dreamcatcher: certainly "cheap" compared with the past - but what is going to change consumers who now buy On-Line? - they are used to better deals and latest stock; both areas where retaillers can't compete.... So, I'm not at all sure - Small "computer shops" are going out of business because they can't afford to hold stock that degrades . . . and Dixons/PCW are only the same thing "larger" - with Lenders who are also hoping things will turn round . . . but looking at the underlying trend Retail is all but finished, for some classes of goods.( D/PCW holds nearly all of them!). It's not as though D/PCW has a good reputation for Service, is it? PCW prices are significantly higer than elsewhere IMHO - since sales margins must pay for the masses of Stock on display.
As an Equity investment now, there may be some "bounce" so it could be wise inv. but frankly, I don't see much future improvement for this Equity. It did bounce nearly 40% after the dire run-up to Xmas 2011 and that may be the extent of it...but tricky to get "timing" right and then the charges, spreads, etc.
Good Luck.

Thursday June 21 =
You might have thought that Dixons , selling gadgets in cash-strapped Britain and crisis-hit Italy and Greece, would be trapped in a spiral of despair, but the company has been remarkably upbeat in recent months.

Chief executive Sebastian James has enjoyed a strong start since taking over from John Browett, who left to join Apple earlier this year, but presenting full-year figures will be his most public test yet.

The group, which has about 640 stores in the UK and Ireland said last month that it expected profits for the year to April to be near the top end of City forecasts, which range between £65m and £70m. It pointed to improved ranges and service as sales rose 8pc on a like-for-like basis in the UK and Ireland in the 16 weeks to April 28. Dixons has cautioned that it may temporarily close shops in Greece if civil unrest follows any euro exit.

But Mr James is likely to highlight the relatively strong financial position the company is in with net debt down from £200m a year ago to about £110m. In recent weeks it has received the backing of its banks with a new £300m lending facility

Dixons Retail followed up its early morning rise to end on 16p, ahead 17% on the day, on hopes that it will see a retail recovery in its Thursday results.

DIXONS RETAIL PLC

Full year results at the top end of expectations





Key Highlights

· Group underlying total sales(1) (2) flat in the full year with strong momentum in the final quarter.

- Group like for like sales(3) down 3% in the full year, up 5% in the final quarter.

- Like for like sales in the final quarter up 8% in the UK & Ireland and up 10% in the Nordics

· Growing share across most markets, particularly in the UK and Northern Europe.

· Underlying pre-tax profit(1) of £70.8 million (2010/11 profit of £85.3 million).

- Good progress in UK & Ireland and Northern Europe with profits up 15% and 12% respectively

- Offset by weaker performances in Southern Europe and PIXmania.

· Strong growth in multi-channel with sales up 30% in the second half.

· Net debt reduced to £104.0 million from £206.8 million year on year.

· £300 million revolving credit facility signed, extending the maturity date to June 2015.

· On target to repay £160 million 6.125% Bonds due 15 November 2012 and associated hedge cost of approximately £65 million.

· Customer satisfaction and advocacy measures continue to show good progress, particularly in the UK.

Financial Highlights

· Total Underlying Group salesflat at £8.19 billion (2010/11 £8.15 billion).

· Group gross margins down 0.3% in the full year.

- Gross margins flat in the UK in the full year.

- Northern Europe gross margins down 0.5% in the full year but recovering to flat in the second half.

· Total loss before tax of £118.8 million (2010/11 loss of £224.1 million), after non-underlying items(1) of £189.6 million, which are predominantly non-cash and comprise the write off of goodwill relating to Unieuro, Kotsovolos and PIXmania.

· Underlying diluted earnings per share(1) 1.1 pence (2010/11 earnings of 1.6 pence). Basic loss per share for continuing operations 4.3 pence (2010/11 loss per share of 6.6 pence).

· £60 million of cost reductions delivered in the year with £90 million targeted over the next two years.




http://www.moneyam.com/action/news/showArticle?id=4392699

Duplicate!

Acquisition of a 22% minority interest in PIXmania


http://www.moneyam.com/action/news/showArticle?id=4425058

Dixons Retail adds 1.7 percent 's second biggest electricals retailer says it will take full ownership of online business Pixmania after agreeing to buy out the minority 22 percent interest of its founders for 10 million euros ($12.3 million).

"We view this as a positive step as management needs to address the weak performance of Pixmania and its Southern European businesses, though this will take time given the impact austerity measures are likely to have on consumer discretionary spending going forward," Seymour Pierce says in a note.

Dixons Retail (Other OTC: DSITF.PK - news) has soared by 68% this year to 16.47p, after slumping massively from pre-crash levels, and is now looking like a recovery story that's only set to get better. The crash was due to many reasons, but mainly it was a shift in our shopping practices away from slogging around the streets to browsing online retailers from the comfort of our homes.

Dixons, like others, was slow to change and embrace modern multi-channel retailing, and was far too inefficient in its business. But annual results in June showed strong signs that the firm's turnaround strategy is meeting with success, as it said its first priority is to "Drive a successful and sustainable business model in a multi-channel world". Sales and profits are creeping back, debt is being slashed, and we're seeing more internet-savvy efficiency.

The shares are now of a forward price-to-earnings (P/E) ratio of around 12 for April 2013, falling to 8 the following year. Dixons could well be back into sustainable profit territory again.

The consumer will come under the spotlight on Thursday, with updates from electrical retailer Dixons Retail (DXNS) and supermarket Morrison's (MRW).

Recent news: At the time of its preliminary results in June, Dixons said that the first quarter had got off to a good start, broadly following the trends seen in the fourth quarter.

Analysts' expectations: Philip Dorgan, analyst at Panmure Gordon is looking for first-quarter group like-for-like sales growth to come in at 4%, which compares with fourth-quarter growth of 5%. He believes that the repayment of the bonds in November remains on track.

"The UK has benefited from a number of tailwinds, notably the poor weather and the number of sporting events, but we would still view this as an encouraging performance," he says.

He adds: "Dixons is becoming much less of a binary situation and more of a compelling recovery story. We don't anticipate major changes to forecasts, but we expect the statement to encourage the view that Dixons can continue to be one of the few winners in its space and can gradually create a strong niche against the pure play online operators."

Valuation: The stock is trading on a 2013 financial year PE ratio of between 12 and 13 times.

Dixons Retail, which reports its first-quarter trading figures on Thursday, is thought to have benefited from the Olympic halo effect from sales of wide-screen televisions.

Up on anticipation?

Plenty of expectation in the price.

Philip Dorgan, analyst at Panmure Gordon & Co, thinks the electrical retailer Dixons is a "compelling recovery story". When the purveyor of TVs and washing machines updates the market at its AGM, Mr Dorgan expects it to continue to be the strongest multichannel operator, and maintains a buy recommendation with a target price of 28p.

Interim Management Statement

FIRST QUARTER TRADING STATEMENT

ENCOURAGING START TO THE YEAR

Dixons Retail plc, Europe's leading specialist multi-channel electrical retailer and services company, today announces trading for the 12 weeks ended 21 July 2012.

· Encouraging start to the year with total sales up 2% and like for like sales up 5% in the first quarter.
· Good performance in UK & Ireland with like for like sales up 7%.
· Northern Europe continues to trade strongly as Elkjøp outperforms in its markets.
· Italian and Greek businesses taking appropriate actions in continued difficult economic environments.
· Continued strong growth in multi-channel:
· Group multi-channel sales up 39% in the first quarter.
· Multi-channel sales up 48% in UK & Ireland.
· Trading at PIXmania continued to be challenging. On 10 August 2012 the Group acquired the 22% interest in PIXmania owned by the Rosenblum family giving the Group day to day control.
· Group gross margins down 0.3% in the first quarter.

Dixons sales improve
StockMarketWire.com
Electrical retailer Dixons Retail said it has made an encouraging start to the year with total sales up 2% and like for like sales up 5% in Q1.

The group reported a good performance in UK & Ireland with like for like sales up 7%.

Northern Europe continues to trade strongly as Elkjøp outperforms in its markets.

Italian and Greek businesses are taking appropriate actions in continued difficult economic environments.

Group multi-channel sales were up 39% in the first quarter, with multi-channel sales up 48% in UK & Ireland.

Trading at PIXmania continued to be challenging. On 10th August 2012 the Group acquired the 22% interest in PIXmania owned by the Rosenblum family giving the Group day to day control.

Group gross margins were down 0.3% in the first quarter.

Sebastian James, CEO, commented: "While it is still early in our financial year, I am encouraged by the start we have made across the Group. We have had a real boost from a busy summer of events in the UK and our Northern European operations continue to go from strength to strength. I am pleased that we now have day to day control of PIXmania allowing us to take the decisive actions necessary to improve its performance. August has proven to be quieter across the retail sector in some of our markets and we continue to be cautious about the outlook. However, we are well placed for the back to school period and look forward to the launch of Windows 8 and the exciting new products that we will have available for customers for the Christmas period."

Dixons Retail will announce interim results for the 24 weeks ended 13th October 2012 on 29th November 2012.

Dixons Retail (Other OTC: DSITF.PK - news) : Seymour Pierce upgrades to buy; Nomura ups target from 16p to 20p, neutral rating kept

Charts are indicating strong buy now.

Champing at the bit - about to have a go up to 24p imo.

The Tempus column in The Times has hailed PC World and Currys owner Dixons Retail as one of the 'last men standing' in its retail sub-sector and celebrates its resilience in spite of troubles on the High Street.

Trading in Britain and Northern Europe is "not as bad as it might have been", the paper says, but sales in Southern Europe have faltered. "As the high street contracts, it is in the interests of suppliers to keep the survivors going and this will be reflected in the terms they are offered," the column said.

While the columns says that the shares, trading at around 16 times prospective earnings, are not a "raging 'buy'", at least some of the firm's problems are being tackled.

Sold my dixons holding

wel done dc

Thanks Bb

This must be you then DC :-)

Schroders 14% - 13%

No not me selling such a low volume. lol

Breaking out - next step 24p

The charts don't always get it right, but DXNS have been a screaming "buy" for some time now!

Short term/medium term/long term = 100% "buy". Updated today.

http://www.barchart.com/opinions/stocks/DXNS.LS

Ticking up again, could be a great run up to Christmas and 2013.

Excellent rise this morning (+10%) - maybe the 'comet' effect?

Now in auction +12% :-)

Up 17.04% now, full steam ahead.

New 12 month high today.

Morgan Stanley raised the target price to 38p this morning.

Dixons Retail Rating: Neutral Target: 27p (29%) Price: 25p

RIC: DXNS.L BBG: DXNS LN Prior: Unchanged Prior: 21p Mkt Cap: £0.90bn
EPS 04/13E: 1.2 (-7.7%)
EPS 04/14E: 1.9 (-5%)
EPS 04/15E: 2.7
Retailers, Specialty Analyst: Adam Cochrane Tel: +44-20-7567 5035

Maintain Neutral - Why Dixons is not a (Best) Buy

􀂄 Times they are a changing (for the better) Industry consolidation in European electricals is gathering pace with the recent Comet administration and
ongoing competitor exits in the Nordics and Italy. It is unclear how much Dixons has already benefitted from a weak Comet in its LFL outperformance
but we would still expect a potential £150-200m sales benefit to Dixons split between H213 and FY14. This would equate to c.3% LFL sales uplift in
H213 and 2% in FY14 and we now incorporate this into our numbers.
􀂄 Dixons is ahead of the curve compared to Best Buy and Media Markt… Best Buy and Media Markt have stronger domestic economies so Dixons
recent outperformance can be attributed to the following: 1) operational improvements in the last few years, 2) recovering from a bigger “dip” in 2008-
09 and/or 3) Dixons prices are already more aligned to the internet. The long term structural margin issues remain consistent but the short term
outlook for Dixons is preferable.
􀂄 …but finds some other potholes We expect Dixons to lose £55m between Pixmania and Southern Europe which offsets the £7m upgrade to the UK
for FY13E. We upgrade FY14E PBT by £12m or 7% primarily on a 2% increase in UK LFL. The higher European losses also weigh on the tax rate and
EPS falls by 6% and 2% in FY13E and FY14E, respectively.
􀂄 Valuation: Neutral, target price raised to 27p (from 21p) We value Dixons on a SOP basis and increase our EV/EBITDA for the UK and Nordics to
4.5x (from 4x) to reflect the better market conditions before deducting liabilities which gives our raised target price of 27p.

doodlebug, your constant ramping here their and everywhere shows you to be a non likeable character. I wouldnt trust you as far as I could spit never mind --ss.

And yes I saw your comment re- to me on cokneys den your master the pleb that you are. Crawl back to your master and take this note with you.

FILTERED

OTHERS BEWARE.

I've posted on this thread six times since 5th October so I would hardly class that as ramping. And I only post on one other bulletin board,which is ADVFN - as doodlebug. You haven't changed your colours in the last ten years. Why don't you take some Lithium and lie in a dark room for a couple of days. I really can't be bothered with you Goldfinger, just stay off my threads and I'll stay off yours. Thanks.

Yes he reported back to his master......


doodlebug4 22 Nov'12 - 21:06 - 137440 of 137444 0 0

CR I thought you might find this mildly amusing. I also post on an ADVFN competitor and posted the broker upgrade for Dixons today on the DXNS thread. I think I have perhaps posted about six times in the last couple of months on that thread - hardly ramping! Anyway he's asked that I bring this to your attention, so I have!:-)

"goldfinger- 22 Nov 2012 17:00 - 73 of 73

doodlebug, your constant ramping here their and everywhere shows you to be a non likeable character. I wouldnt trust you as far as I could spit never mind --ss.

And yes I saw your comment re- to me on cokneys den your master the pleb that you are. Crawl back to your master and take this note with you.

FILTERED

OTHERS BEWARE."... ends.

Talk about lemmings, jesus the posters on that thread (bar 3) cant even think for themselves let alone trade for themselves.

Ive filtered cockneys pleb on advfn aswel.

Havent time for scum like that.

Skinny chart looks like a breakout from a pennant pattern. 2 differing opinions from 2 brokers.

Must say tomorrow could be a key day if it breaks out. Might go long myself.

can we steer clear of any personla name calling please?

Thank you

Ian

Yes fine Ian sorry but I dont think posters should be posting my personal details ie name from twitter on a thread or board (advfn) where malicious types can trace my home and threaten my security and that of my family.

I really should have reported the matter to advfn abuse but Im not the type to try and get some one banned.

Matter over.

The statement tomorrow is not going to be pretty in the short term, but I think the current SP reflects that. Sales over the Christmas period and the next few months will reflect where this company is going in the future.

Goldfinger - for your information I am not the least bit interested in twitter and I am not the least bit interested in your "personal details". If you have problems with any comments on another bulletin board you should keep your remarks to that bulletin board and you should keep your personal vendettas off moneyam.

Thank you Ian.

Half Yearly Report

Key Highlights

· Encouraging start to the year with Group like for like sales(1) up 3% in the first half.
· Good improvement in Group EBIT(7), up by £5.1million.
· UK & Ireland returning to first half profitability, for the first time in five years.
· Group multi-channel sales up 29% and up 38% in Currys & PC World.
· On track to reduce costs by £90 million over two years.
· Day to day control of PIXmania taken, with decisive actions to improve its poor performance already underway.
· Strong cash generation and reduction in net debt.
· Good early progress on our three strategic priorities.

TAke your pick.


Espirito Santo Execution Noble Buy 25.86 26.05 25.00 25.00 Reiterates

Panmure Gordon Buy 25.83 28.00 32.00 Reiterates

WH Ireland Securities Buy 25.83 30.00 Reiterates

Seymour Pierce Buy 25.83 26.00 34.00 Reiterates

Oriel Securities Hold 25.86 26.05 17.00 17.00 Reiterates

Morgan Stanley target 38p

http://www.express.co.uk/posts/view/361556/Comet-s-woes-aid-dixons

Looking at 30p.

a true story ..... the other day i went into duty free at heathrow as my son wanted a specific camera ..... i had already done my homework and established that i could buy on line at £304 ..... dixons duty free were demanding either £458 or £498 (!!) - i can't remember which

so i go to a good retail camera shop in miami ..... shelf price was $529 (approx £325), but when i mentioned that i could buy it cheaper in uk, the manager immediately offered me a price of $449 (£275), which of course i accepted

lots of useful conclusions can therefore be drawn and lessons learned by uk retailers!

Dixons should issue an update soon. I think the guy who bought 1.5 mln at 28.36 yesterday had good reason to buy.

Ahoj - 17th - next Thursday.

Vidacos Nominees > 6%

What does that mean?
Are there in private/small shareholders accounts?

Ahoj - Company Overview of Vidacos Nominees Limited

TS tomorrow.

Fingers crossed for the holders.

Warranties and electrical goods seller Dixons Retail (LON:DXNS) provides an update covering its fiscal third quarter, covering October, November and December.

Portuguese broker Espirito Santo is tipping a 6% increase in like-for-like (LFL) sales, “but with some negative gross margin mix from an increased weight of tablets and some additional operating cost resulting from increased staff in store to ensure new customers have a good experience.”

The broker also expects Dixons to make further price cuts over the next 12 -18 months to reduce the price gap with Amazon.

“For the Nordics & Northern Europe we estimate LFL sales increased 9%, almost as high as the 1H LFL sales growth of 11%, but with a negative impact on gross margin and a negative mix impact on margin as the growth in Denmark and Sweden outstrips that of the higher margin Norwegian business.

“For Southern Europe we anticipate a LFL sales decline of 9%, in line with the 1H. The bigger issue is what Dixons can do to dispose or restructure the business.

“Finally for Pixmania we forecast a 13% LFL sales decline, a deterioration of the -11% 2Q run rate as competition increases. But although we assume an operating loss this year of around £30m we assume this loss may moderate next year as management get to grips with the business following the change of ownership and makes a decision about the future of the business within the group.”

Trading Statement

Dixons Retail plc, Europe's leading specialist multi-channel electrical retailer and services company, today announces trading for the 12 weeks ended 5 January 2013.

· A strong performance over the Christmas period with like for like sales in key businesses up 7% as we continued to gain market share:

· UK & Ireland traded well with like for like sales up 8%;

· Continued strong performance in Northern Europe with like for like sales up 11%;

· Single-channel business PIXmania had a poor period impacted by the ongoing restructuring of the business, compounded by significant negative trends in its main markets.

· Progress continues on the restructuring plan to improve the financial position of the business.

· Group gross margins down 0.5%, primarily driven by product mix.

· Group Full year underlying profit before tax expected to be in line with market expectations of £75 million to £85 million.

A couple of Director buys @£27k each.

not much volume

Standard Life > 8%

Recent run continues.

Full year trading statement 16th MAY.

AGREEMENT TO DISPOSE OF EQUANET


Dixons Retail plc, ("Dixons Retail" or "the Company"), Europe's leading specialist multi-channel electrical retailer and services company, today announces that it has entered into an agreement to dispose of its Equanet operations to Kelway, the London based IT solutions and services provider. The disposal comprises the IT reseller activities based in Bury along with the Equanet brand name. Dixons Retail will continue to operate its successful PCWorld Business B2B offer online and in stores. The transaction is expected to complete later this month.

Sebastian James, Chief Executive of Dixons Retail commented: "The agreement to dispose of Equanet demonstrates further progress in refocusing our business on leadership positions in key markets and territories whilst at the same time, giving Equanet the opportunity to flourish in the specialist B2B market under the ownership of Kelway."

Phil Doye, Chief Executive Officer of Kelway commented: "By adding the Equanet business to Kelway we are further strengthening our differentiated customer proposition. This acquisition reinforces our growth trajectory, which sees Kelway accelerating towards the landmark of becoming a UK Technology Company with half a billion pounds of turnover."
- Ends -

Taken half off of the table as I've almost doubled.

Superb day for holders.

A bit premature, but Full year trading statement - 16th May.

Still in these.

Cantor Fitzgerald (formerly Seymour Pierce) Buy 34.49 35.00 35.00 Reiterates

Panmure Gordon Buy 35.13p 32.00p 45.00p Reiteration

Barclays Capital Overweight 35.82 33.00 33.00 Reiterates

Multi year high on a down day - 1st position here @19.38.

AGREEMENT TO DISPOSE OF WEBHALLEN

Dixons Retail plc, Europe's leading specialist multichannel electrical retailer and services company, announces that agreement has been reached to sell Webhallen, a subsidiary of PIXmania S.A.S, to Komplett AS, a Norwegian based e-commerce company for a cash consideration of approximately SEK140m. Webhallen, based in Sweden, predominantly sells media, games and related products from 10 stores as well as online. The transaction is expected to complete by the end of May.

Following the sale last month of Equanet, this transaction is another step in rationalising Dixons Retail's portfolio. It forms part of the company's commitment to refocus its PIXmania business on its key strengths, putting it on a firmer strategic footing.

Sebastian James, Chief Executive of Dixons Retail commented: "We continue to explore ways to put Pixmania in a better strategic position. Following a material reorganisation of the business earlier this year, I am pleased that we can confirm another small but significant step in that process today with the disposal of the Webhallen operation in Sweden."

Ole Vinje, Chief Executive Officer of Komplett AS commented: "We are very pleased that Webhallen will be joining the Komplett Group. This acquisition will further strengthen our position in Sweden and Scandinavia. We find Webhallen's multi-channel strategy very interesting with a view to further development."


- Ends -

Good chance of 50p next week imo.

Espirito Santo Execution Noble Buy 36.64 35.29 30.00 42.00 Upgrades

Deutsche Bank Buy 36.06 35.10 36.00 41.00 Retains

Espirito Santo Execution Noble Buy 36.05 36.17 42.00 42.00 Reiterates

Full Year Trading Statement - 16th May.

Preliminary Results - 20 June 2013.

Trading Statement

· Multi-channel businesses (UK & Ireland, Northern and Southern Europe) delivered encouraging performances throughout the year with like for like sales up 7% in the full year.
· Strong cash generation has enabled us to achieve a year-end net cash position for the first time in a number of years putting the Group in an even stronger financial position.
· In the fourth quarter we saw very pleasing momentum in these multi-channel businesses delivering like for like sales up 11%:
· UK & Ireland traded very well benefitting from a stronger offer for customers and achieving our aim of gaining more than our share of the market following the demise of competitors resulting in like for like sales up 13%;
· Northern Europe also saw very good growth with like for like sales up 14% and further market share gains;
· Southern Europe performed well given extremely difficult market conditions with like for likes down 5%.
· Trading at PIXmania continues to be very challenging. We have taken a number of actions through the year:
· Full management control of the business taken in August 2012;
· Significant restructuring, exiting from almost half of the countries in which it operates, closure of all stores, exiting non core categories and significantly reducing headcount;
· Disposals of Webhallen and PLS agreed for a total consideration of approximately £15 million;
· Work continues to resolve the strategic positioning of the business.
· Group gross margins down 0.7% in the full year, driven largely by product mix as well as our continued drive for even better value for customers.
· Group Full year underlying profit before tax expected to be at the top end of market expectations of £75 million to £85 million.
· The annual non-cash defined benefit pension financing costs of £7.4 million will be reclassified as non-underlying meaning that the consensus range of expectations for the financial year ending 30 April 2013 will rise to £83 million to £93 million.

Excellent.

Just hit the line in post 109.

City A.M. ‏@CityAM 1m
Dixons predicts year profits at top end of forecasts .........

http://ow.ly/l5epY

Shares Magazine ‏@SharesMag 4m

Dixons soars on impressive profits and cash - read our story:
#.UZSXOrU3tJQ … #DXNS

http://www.sharesmagazine.co.uk/news/dixons-soars-on-impressive-profits-and-cash

From above post.....

Stockbroker Panmure Gordon says Dixons is clearly gaining share in the UK and sees ‘significant future profit opportunity’ as it benefits from the demise of rivals including Comet (which it reckons could add £30 million to earnings before interest and tax) and eliminates losses overseas. ‘There is also the added bonus of cash on the balance sheet a year earlier than expected.’ It has a 45p price target.

Cantor Fitzgerald sees the biggest value creation opportunity to be the turnaround of the estimated £58 million of PIXmania and Southern European losses in its forecasts over the next few years. It retains a 42p price target.

16 May Dixons Retail PLc DXNS Espirito Santo Execution Noble Buy 39.33 36.51 42.00 42.00 Reiterates

SP Target......42p

Espirito Santo Execution Noble Buy 40.20 42.00 45.00 Reiterates

Citigroup Buy 40.20 30.00 50.00 Upgrades

Deutsche Bank Buy 40.20 41.00 44.00 Retains

JP Morgan Cazenove Neutral 40.20 28.00 33.00 Reiterates

17 May Dixons Retail PLc DXNS Espirito Santo Execution Noble Buy 40.12 40.00 42.00 45.00 Reiterates

Numis Hold 40.18 - 40.00 Reiterates

Making new highs - 41+p

Just out.....

17 May Dixons Retail PLc DXNS Citigroup Buy 41.15 40.00 30.00 50.00 Upgrades

SP TARGET 50p

See post 122! :-)

Buy buy buy skinny.

Bloke on canal bank just asked me if I could LEND him a can of larger.

Said ""sorry mate..................... only 8 cans left" (in, keep net in water)

Cheeky so and so.

Talk about charity these days!!!!!!

Now 42p incredible.

..and theres more to come..60p I reckon.

Holding up well in todays market.

Deutsche Bank Buy 41.00 44.00 44.00 Retains

Cantor Fitzgerald (formerly Seymour Pierce) Buy 41.00 42.00 50.00 Reiterates

Final Results

Key highlights
· Significant progress made against our three strategic priorities

· Further improvements to the offer for customers and financial strength of the business for shareholders.

· Group underlying total sales and like for like sales up 4% in the full year(1),(2), (3).

- Like for like sales in the final quarter up 13% in the UK & Ireland and up 14% in Northern Europe reflecting strong share gains.

· Underlying pre-tax profit up 15% to £94.5 million (2011/12 profit of £82.1 million) (1).

- Good progress in UK & Ireland and Northern Europe with profits up 39% and 6% respectively.

- Robust performance in Southern Europe in difficult markets.

- Offset by poor performance in PIXmania.

· PIXmania restructured to reduce losses and enable process of putting the business on a firmer strategic footing.

· Customer satisfaction measures continue to show strong advocacy in the UK.

· Group costs reduced by £45 million as part of the two year £90 million cost reduction initiative.

· Very strong cash generation with the Group ending the year with net cash of £42.1 million versus net debt of £104.0 million at the start of the year.



Financial highlights
· Total underlying Group sales up 4% at £8.21 billion (2011/12 £7.91 billion).

· Total Group sales, including those from businesses exited/to be exited were £8.44 billion (2011/12 £8.19 billion)(2).

· Group gross margins down 0.7% in the full year driven largely by product mix.

· Restructuring and impairment charges of £168.8 million, relating mainly to PIXmania and the main non-store UK B2B operations following the disposal of Equanet.

· Total loss before tax of £115.3 million (2011/12 loss of £118.8 million), after non-underlying items of £209.8 million, which predominantly comprise the restructuring and impairment charges(1).

· Underlying diluted earnings per share 1.5 pence (2011/12 earnings of 1.4 pence) (1). Basic loss per share 4.4 pence (2011/12 loss per share of 4.3 pence).

Fantastic analyst BEATING results......

Dixons year profit up 15 pct on strong UK20 Jun 2013 - 07:16

LONDON, June 20 (Reuters) - Dixons Retail , Europe's No. 2 electricals retailer, posted a 15 percent rise in underlying year profit, with sales growth in Britain and northern Europe offsetting falls in the austerity-hit south and at its PIXmania internet arm. The group, home to the Currys and PC World chains in Britain, Elkjop in Nordic countries, UniEuro in Italy and Kotsovolos in Greece, said on Thursday it made an underlying pretax profit of 94.5 million pounds ($148 million) in the year to April 30. That compares to company guidance of about 93 million pounds and 82.1 million pounds made in the 2011-12 year. Underlying sales increased 4 percent to 8.21 billion pounds, though gross margin fell 0.7 percentage points, reflecting a higher proportion of sales with lower margins, as well as price cuts. Dixons booked restructuring and impairment charges of 168.8 million pounds, relating mainly to PIXmania and the main non-store UK B2B operations following the disposal of Equanet. Taking these into account the firm made a pretax loss of 115.3 million pounds versus a loss of 118.8 million pounds last time. ($1 = 0.6386 British pounds) (Reporting by James Davey; Editing by Neil Maidment) ((james.davey@thomsonreuters.com)(+44 20 7542 7674)(Reuters Messaging: james.davey.thomsonreuters.com@reuters.net)) Keywords: DIXONS RETAIL RESULTS/

Espirito Santo Execution Noble Buy 42.38 45.00 45.00 Reiterates

Shares Mag Article......

http://www.sharesmagazine.co.uk/news/dixons-profit-machine#.UcK6cOfVBVd

Broker says buy....

20 Jun 2013 Dixons Retail PLc DXNS Tradenext Buy 42.97 42.33 - - Reiterates

2013 Dixons Retail PLc DXNS Deutsche Bank Buy 42.00 42.00 44.00 49.00 Reiterates

SP Target 49p

JP Morgan Cazenove Neutral 42.20 33.00 - Reiterates

Morgan Stanley Equal weight 42.20 37.00 37.00 Reiterates

Breaking out and new high.....

Think its a new high cant find that upper tail on other charts, corrupt data?. Limited usage mind on this lap top.

High is/was 44.75.

Nomura Buy 42.60 42.60 31.00 60.00 Upgrades

Starting to do the 'business 'at last.

4 year high @44.96p. 45.10p.

Yep so glad this one is wakening up.

Numis Hold 45.04 44.67 - 48.00 Reiterates

4 year high @46.64p.

Annual Report & Notice of Annual General Meeting

Support (post 147) seems to be building @46p.

time for a re-rating?

IMS due early September.

Trading Statement on Thursday.

Citigroup Buy 44.18 44.18 50.00 53.00 Reiterates

Barclays Capital Overweight 44.18 44.18 46.00 52.00 Reiterates

Market looking forward to tomorrow with further rise though the overal market is down

AGM Trading Statement

· Multi-channel businesses (UK & Ireland, Northern and Southern Europe) delivered performances in line with expectations with like for like sales up 4%.
· UK & Ireland traded well, in spite of an unusually sunny July and last year's summer of sport, as strong market share gains continued with like for likes up 6%.
· Northern Europe saw good growth with like for like sales up 5% driven by further market share gains and despite a very strong performance last year.
· Southern Europe continued to experience difficult market conditions as well as cooler summer weather affecting air-conditioning sales, with like for likes down 12%.
· Group gross margins down 0.4% in the first quarter, driven largely by our continued drive for even better value for customers, particularly in the Nordics.
· Further milestones achieved in our strategic goal to focus on our leading market positions:
· Separate announcement today that we have received an irrevocable offer for PIXmania from mutares AG, a German listed industrial holding company.
· Disposal of ElectroWorld Turkey to Bimeks also announced separately today.

IRREVOCABLE OFFER TO PURCHASE PIXMANIA

Dixons Retail plc ("Dixons Retail"), Europe's leading specialist multi-channel electrical retailing and services company, today announces that it has received an irrevocable offer from mutares A.G., a German listed industrial holding company, to purchase PIXmania S.A.S.

PIXmania is a European pure-play e-tailer, based in France. In line with French labour codes, Dixons Retail will enter into a consultation period with PIXmania's Works Councils. A further announcement will be made following these discussions.

Sale of Electroworld Operations in Turkey

Dixons Retail plc ("Dixons Retail"), Europe's leading specialist multi-channel electrical retailing and services company, today announces that it has entered into an agreement to sell the ElectroWorld operations in Turkey to Bimeks, one of the leading electrical specialist retailers in Turkey.

Following completion, which is expected to take place by the end of this calendar year, and which remains subject to certain conditions, Dixons Retail expects to receive a cash consideration of approximately £2 million over two years.

For the year to April 2013, the assets being disposed of generated retail operating losses of £9 million and losses before tax of £13.8 million on turnover of £170.7 million and gross assets of £42.3 million from 32 stores (including 18 franchise stores).

Sold some @48.04.

Numis Hold 46.21 48.00 48.00 Reiterates

JP Morgan Cazenove Neutral 46.21 43.00 46.00 Reiterates

Citigroup Buy 46.21 53.00 58.00 Reiterates

Nomura Buy 46.21 60.00 60.00 Reiterates

Was going to say 2 bullish broker reports this morning so far.

hmmmm just seen the other 2.

Wondering what it takes to move this one substantially.

Weekend press?

I'm up over 140% here - so no complaints!

Got in early then.

Your doing a Dill skinny ......LOL.

O/T......Think IQE may get tipped this weekend in one of them tip sheets. Always about 3 of them out beginning of month. Results soon and surely theyve flogged a few of them world record breaking wafers.

I've got a small holding in IQE @24.5 - so that would be handy.

Standard Life < 6%

Deutsche Bank Buy 46.78 46.78 49.00 53.00 Reiterates

Exane BNP Paribas Neutral 46.78 46.78 - 50.00 Retains

Ready for the next move.

Link copied :-

Dixons Retail Stock Rating Reaffirmed by Cantor Fitzgerald (DXNS)

Bank of America Merrill Lynch Neutral 47.05 47.01 - 52.00 Retains

Agreement with Mutares for Sale of Pixmania Signed

Dixons Retail plc ("Dixons Retail"), Europe's leading specialist electrical multi-channel retailing and services company, today announces that further to the announcement on 5 September 2013 and having completed consultations with the relevant works councils, it has now signed the agreement for the sale of PIXmania S.A.S to mutares A.G, a German listed industrial holding company.

As part of its purchase of PIXmania, mutares has developed a robust plan to build on PIXmania's pure play e-commerce operations as well as to further develop its market-leading software platform. In order to support this plan, and to provide ongoing funding for PIXmania, Dixons Retail will provide approximately £59million (€69million) of ring-fenced capital. Completion of the transaction is expected to take place at the end of December 2013.

For the year to April 2013, the assets being disposed of generated retail operating losses of £31.3 million and losses before tax of £114.3 million on turnover of £397.7 million and gross assets of £48.0 million. The transaction is expected to be accretive to underlying earnings for Dixons Retail in the current financial year.

Commenting on the transaction, Sebastian James, Group Chief Executive, said:
"I am delighted that we have been able to conclude consultations with the works councils so swiftly. This is testament to the strength of the plans that mutares has for the business, and to the vision that they were able to share with our colleagues at PIXmania. I believe that the company has an exciting future, and I look forward to watching it flourish under new ownership."

Commenting on the transaction, Aurélien Fauvel, head of mutares France, said:
"I am very pleased that we are now able to proceed with this transaction following positive discussions with employee representatives. We firmly believe that PIXmania can achieve long term success and can look forward with confidence."

has been left out of the recent rally, today as normal on a marked down on the market, reached intraday bottom earlier and now is just short of yesterday's closing though the market is well down

time for a bit of bounce from those levels

Looks like already up on the day needs to break 47p for some big fuss

3 days chart

BROKE THE 47p THIS AFTERNOON SO EVERYTHING IS ROSY NOW

and 47.60p now, so next stage is 48p

not far away for the 48p now, and with that the Intraday BREAKOUT is at 48.80p

Currys & PC World support new Apple launch

hxxp://www.dixonsretail.com/media-centre/press-releases/currys-pc-world-support-new-apple-launch#.UmewQ_mfi15

RSI looking up & trying 48p again.

New 5 year high @48.80p49.00p.

17 Dec 2013 Interim Results.

DXNS

Is this at long last the expected breakout
on the DXNS chart.

looks likes theirs further room for upward
movement on both Momentum and MACD. See previous highs.

What the brokers say......

Dixons Retail PLC

FORECASTS 2014 2015
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p
)
Cantor Fitzgerald Europe
29-10-13 BUY
Exane BNP Paribas
29-10-13 HOLD 161.00 2.96 183.00 3.47
Numis Securities Ltd
28-10-13 HOLD 160.00 3.00 185.00 3.50
W H Ireland Ltd
25-10-13 BUY 130.20 2.00 179.20 3.20
Westhouse Securities
24-10-13 BUY
Panmure Gordon [R]
03-09-13 BUY 85.00 1.06 122.00 2.08

2014 2015
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 150.60 2.98 182.49 3.47
1 Month Change 2.23 0.37 2.62 0.07
3 Month Change 22.10 0.98 19.77 0.47


GROWTH
2013 (A) 2014 (E) 2015 (E)

Norm. EPS 61.69% 26.34% 16.42%
DPS % % %

INVESTMENT RATIOS
2013 (A) 2014 (E) 2015 (E)

EBITDA £196.10m £338.72m £370.74m
EBIT £191.90m £203.42m £225.84m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER 20.78x 16.45x 14.13x
PEG 0.34f 0.62f 0.86f
Net Asset Value PS -17.15p 6.90p 10.20p

Completion of sale of Electroworld

COMPLETION OFSALE OF ELECTROWORLD OPERATIONS IN TURKEY

Dixons Retail plc ("Dixons Retail"), Europe's leading specialist multi-channel electrical retailing and services company, today announces that it has completed the sale of its ElectroWorld operations to Bimeks, one of the leading electrical specialist retailers in Turkey. The transaction, first announced in September, will see all 32 ElectroWorld stores, including 18 franchise stores pass to Bimeks.

Commenting on the sale, Sebastian James, Dixons Retail Group Chief Executive, said:
"I'm delighted to have completed this sale so quickly, ensuring a smooth transition for our colleagues and for both businesses. The combined group has an exciting future and I know that it will continue to flourish with an improved geographical spread of stores across Turkey. For Dixons, this is the first of three important strategic transactions streamlining our Group. By focusing on markets where we have leading multi-channel operations, we will be able to drive even better value for our customers."

Commenting on the deal, Murat Akgiray, the Founder and Chairman of Bimeks, said:
"I am thrilled today to have successfully completed one of the fastest and largest corporate acquisitions in the Turkish electronic retail market. I would like to personally thank all Bimeks, ElectroWorld, and Dixons Retail staff who worked extremely hard to make this happen. I strongly believe that ElectroWorld's store network and product portfolio complement those of Bimeks very well. The new Bimeks group incorporating ElectroWorld is more dedicated than ever to providing our customers with excellent service and deals and to continue to grow on the path to becoming the leading electronic retailer in Turkey."

Broker note out.....

13 Nov 2013 Dixons Retail PLc DXNS Citigroup Buy 0.00 46.93 58.00 60.00 Reiterates

SP TARGET 60p.

49.64p is the 12 month high.

A new multi year closing high @49.50p

Ten bob touched.

17 Dec 2013 Interim Results

Financial calendar

Tameside MBC re Greater Manchester Pension Fund < 5%

51.20p - new high.

Completion of Transaction

DIXONS RETAIL PLC
COMPLETION OF TRANSACTION BETWEEN UNIEURO AND MARCO POLO IN ITALY

Dixons Retail plc ("Dixons Retail"), Europe's leading specialist multi-channel electrical retailing and services company, today announces that the transaction to form a holding company owning both Unieuro S.p.A ("Unieuro") and Marco Polo has now completed. As announced in October, this deal brings together two leading specialist electrical retailers in Italy, creating a combined portfolio of 173 stores comprising wholly-owned stores and a number of franchise partners.

12 Dec 2013 Dixons Retail PLc DXNS Investec Buy 51.10 51.40 - 60.00 Resumes

SP TARGET 60p

Dixons profits set to quadruple as sales of tablet computers rocket

Electrical giant Dixons Retail, which owns Currys and PC World, is expected to report this week that UK profits quadrupled to £22million in the six months to the end of October.

The results have been driven by the explosion of tablet computers and augur well for a strong performance in the sector at Christmas.

Shoppers are set to buy up to three million tablets at various retailers this Christmas. The volume of sales – with one being sold every two seconds – has soared as retailers have launched their own cheap models.

Half Yearly report

KEY HIGHLIGHTS
· Encouraging first half with Group like for like sales(3) up 6%.
· Improved profitability with Underlying Group EBIT(6) up 52% to £48.1 million.
- UK & Ireland delivered a strong performance, with underlying operating profits up five-fold to £31.4 million.
- Northern Europe continues to perform well in competitive markets, delivering an underlying operating profit of £45.5 million.
· Good cash generation, achieving net cash of £55.4 million compared to a net debt position of £21.9 million in the first half of last year.
· Excellent progress made on the strategic goal to focus on our leading market positions:
- Completed the disposals of Electroworld operations in Turkey and Unieuro in Italy.
- Completion of the disposal of PIXmania expected by the end of December.
· On track to reduce costs by our targeted £45 million in the current year.
· Return on Capital Employed(8) in the 12 months to 31 October 2013 has improved to 15.6%, up from the 11.6% reported at 30 April 2013.

FINANCIAL HIGHLIGHTS
· Total Underlying Group sales(1) of £3.43 billion (2012/13(2) £3.20 billion), up 5% on a currency neutral basis.
· Underlying(1) Group gross margins down 0.6%.
· Underlying pre-tax profit(1) of £30.2 million (2012/13(2) £14.0 million).
- Total profit before tax from continuing operations of £22.7 million (2012/13(2) £0.6 million), after net non-underlying charges of £7.5 million.

· Underlying diluted earnings per share(1) of 0.5 pence (2012/13(2) 0.2 pence). Basic earnings per share for continuing operations of 0.3 pence (2012/13(2) nil pence).
· Total loss after tax, including the discontinued operations of Electroworld Turkey, Unieuro and PIXmania, of £83.5 million (2012/13 £101.0 million).

Dixons tops profit forecasts on strong UK

17 Dec 2013 - 07:53
LONDON, Dec 17 (Reuters) - Dixons Retail , Europe's No. 2 electricals retailer, beat forecasts as underlying first half profit more than doubled on the back of sales growth in Britain driven by robust demand for tablet computers. Shares in Dixons have increased 81 percent so far this year as it has increasingly focused on markets where it has a leading "multi-channel" position with a combined stores and internet business. Over the last six months the firm has offloaded the loss-making e-commerce business PIXmania and operations in Turkey and partially exited Italy. [ID:nL6N0H10LC] [ID:nL6N0I027N] The group, home to the Currys and PC World chains in Britain, Elkjop in Nordic countries and Kotsovolos in Greece, said on Tuesday it made an underlying pretax profit of 30.2 million pounds ($49.22 million) in the six months to Oct. 31. That compares with analyst forecasts of 20-26 million pounds and 14 million pounds in the previous year. Total underlying group sales were 3.43 billion pounds, up 5 percent on a constant currency basis, while sales at stores open over a year rose 6 percent. Like-for-like sales in the UK & Ireland increased 9 percent. Across Europe many store groups are still struggling as government efforts to bring down national debts reduce consumers' disposable incomes. Electrical retailers have been particularly exposed because they sell discretionary goods and face intense competition from supermarkets and internet giants like Amazon and eBay . But in Britain, its biggest market, Dixons has benefited from a tablets boom, as well as the demise of rival Comet and problems at Jessops and HMV. It has also been cutting costs, revamping stores and seeking to improve products, prices and customer service. "We remain cautious about the outlook for consumers in our markets; very strong trading this time last year, together with the fact that we have now annualised Comet’s exit makes the second half more challenging," said Chief Executive Seb James. Dixons shares closed at 51.3 pence on Monday, valuing the business at 1.9 billion pounds. ($1 = 0.6136 British pounds) (Reporting by James Davey; editing by Neil Maidment) ((james.davey@thomsonreuters.com)(+44 20 7542 7674)(Reuters Messaging: james.davey.thomsonreuters.com@reuters.net)) Keywords: DIXONS RESULTS/

Cantor Fitzgerald Buy 49.90 50.00 60.00 Reiterates

UPGRADE.............

RESEARCH ALERT-Dixons Retail: Cantor Fitzgerald raises target price

17 Dec 2013 - 08:04
Dec 17 (Reuters) - Dixons Retail PLC : * Cantor Fitzgerald raises target price to 60p from 50p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on [RCH/EUROPE] Reuters 3000Xtra users, double-click [RCH/EUROPE] Thomson ONE users, type in RT/RCH/EUROPE ((nyc.equities.newsroom@reuters.com); (Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net) ((Bangalore Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780))

Investec Buy 49.97 60.00 62.00 Resumes

Prime Markets Buy 49.94 55.00 55.00 Reiterates

DIXONS RETAIL BROKER VIEWS

Date Broker Recommendation Price Old target price New target price Notes

17 Dec Prime Markets Buy 49.74 55.00 55.00 Reiterates
17 Dec Investec Buy 49.74 60.00 62.00 Reiterates
17 Dec Cantor Fitzgerald Buy 49.74 50.00 60.00 Reiterates

Deutsche Bank Buy 48.73 48.73 60.00 60.00 Reiterates

http://www.dailymail.co.uk/money/news/article-2525544/Tablets-prove-remedy-hardy-Dixons.html#ixzz2no4I57e4

Dixons Interims: Initial broker reaction
17th December 2013, 14:37

Half-year results from electrical retailer Dixons Retail [LON:DXNS], published today, appear to have been well received by analysts but less so by the market, given the shares were down by nearly 5 per cent by mid-afternoon.

Investec reiterated its ‘buy’ recommendation, nudging its price target up slightly to 62 pence per share (from 60 pence), and said that “Dixons is more than a ‘tab-tastic’ Christmas play”.

Cantor Fitzgerald also repeated its ‘buy’ stock rating and increased its price target to 60 pence per share from 50 pence.

The broker has also increased its pre-tax profit forecast for 2014 to £155 million (previously £150 million) and its earnings per share estimate to 2.84 pence (from 2.75 pence).

Meanwhile, Prime Markets has put out a ‘buy’ call and set a 55 pence per share 4 week target.

The broker said: “CEO Sebastian James has rightly sounded a note of caution over the uncertain outlook, but with his company sitting on a net cash pile of GBP55m compared to a GBP21m debt last year, and with a further GBP45m of cost reductions targeted, we believe Dixons shares still offer substantial upside.”

In terms of the broader market opinion, Broker Forecasts consensus data shows that nearly two-thirds of brokers rate the shares as an ‘add’ or better, while the remainder rate them as a ‘neutral’ or ‘hold’.

At 2:34pm: Dixons Retail share price was down 2.48 pence at 48.82 pence.

HL VIEW.............

Post H1 comments:

"Dixons has already come a long way since the depths of recent years and we believe today's update is further confirmation that the company remains on track to deliver a full recovery.

A swing to underlying profit and a net cash position was achieved through a combination of a focus on costs, the previously announced disposal of its troubled units and a strong sales performance within most of Northern Europe, most notably its key UK and Ireland market. In addition, the removal of the strategic distractions in the form of PIXmania and Electroworld will enable further concentration on growing within a highly competitive sector. Less positively, the absence of a dividend remains a concern within the current interest rate environment, whilst margins remain under pressure as Dixons continues to sharpen its product pricing.

Overall, the recovery has been rewarded with a strong share price performance of late, having risen 87% over the last year, as compared to a 26% jump in the wider FTSE250. Even so, the current price of around 50p (as of 17Dec2013) probably needs to be put in context of the share price high of over 220p in October 2006 and, indeed, the low of 9.5p in December 2008. The market consensus of the shares as a strong buy is, we believe, likely to remain intact as the company still shows signs of further positive prospects."

nk

Numis Hold 49.07 48.73 48.00 48.00 Reiterates

Barclays Capital Overweight 49.05 48.73 62.00 62.00 Reiterates

Nomura Buy 49.62p 60.00p 60.00p Reiteration

Hi SK. Having been shopping in PC World this week I agree with the brokers that the benefits of market share are growing. At below 50p there seems to be plenty of upside in the price both short and long term.
Bought 10,000 at 48.95

I've also added a few more this week - first purchase in April - so happy to hold/add.

Completion of disposal of Pixmania

Dixons Retail plc, Europe's leading specialist multi-channel electrical retailing and services companies, today announces that it has completed the disposal of PIXmania S.A.S to mutares A.G., a German listed industrial holding company.

PIXmania is a European pure-play e-tailer, based in France. The transaction, first announced in September, saw Dixons provide approximately €69 million (c£58.1m) of cash, which has been ring-fenced to support mutares' robust business plan to build on PIXmania's pure ecommerce operations and for the ongoing funding of the business.

Barclays Capital Overweight 49.86 49.82 62.00 62.00 Reiterates

Trading Statement

Dixons Retail plc, one of Europe's leading specialist multi-channel electrical retailing and services companies, today announces trading for the period from 1 November 2013 to 4 January 2014.

· The Group delivered a second consecutive year of strong growth over the important Christmas period.
· UK & Ireland like for likes up 5% with further market share gains and a particularly strong post Christmas sale period.
· Well-established multichannel offering with internet-led sales growing by 23%
· Northern Europe like for likes up 2%, trading ahead of its competitors.
· Total sales growth in Greece of +3% driven by our successful wholesale business, with retail like for likes down 8%.
· Group gross margins down 0.5%.
· Completion of the sale of Pixmania confirmed on 31 December 2013, delivering the most significant of the three disposals that streamline the Group.

Investec Buy 48.82 50.40 62.00 - Reiterates

Deutsche Bank Buy 0.00 60.00 60.00 Reiterates

Citigroup Buy 47.11 47.11 60.00 60.00 Reiterates

I think there should be money made here. One of my favourite recovering 'Dogs'.

Yet the sp has been weak over the last couple of days and again so far today. No news out.
2517

Exane BNP Paribas Neutral 44.99 45.65 50.00 53.00 Retains

Cheers skinny I see Beaufort has a 'hold' for DXNS. It looks like the best entry point for a while.
2517

I am hoping that the price does not drop below 200 EMA at 42.

Barclays,Analysts Christodoulos Chaviaras and Claire Huff put a 65p target on Dixons,

Analysts Christodoulos Chaviaras and Claire Huff put a 65p target on Dixons, and said that investors had probably overestimated the threat that AO posed to its business. They said:

Dixons' presentation addresses a number of investors' concerns about the company's market share and marketing position versus AO.com which has attracted a lot of interest recently. Clearly we cannot fully endorse the estimates coming from either Dixons' or OC&C's (commissioned by AO) reports as we cannot verify the data ourselves but in our view the noise caused by AO's intention to float and the associated negative impact on Dixons' share price is overdone. Our analysis shows that Dixons' and AO's prices are similar while Dixons' service levels have been rapidly improving to a very competitive level. In our estimates Dixons gained circa one-third of Comet's lost sales meaning that it has been able to accelerate its market share gains in the white goods market and certainly didn't lose market share due to AO's sales growth. Some sensible checks we did on the facts presented by both Dixons and AO lead to an overall picture which is not very dissimilar to how the two retailers presented it. We do not dismiss AO as a credible competitor in the major domestic appliances [MDA] market and Dixons shouldn't do either, in our view, but we have yet to see any evidence of AO impeding Dixons' growth. The five main points Dixons management highlights in its presentation 1. Dixons is the market leader in UK and Ireland MDA while its market share online is very close to AO's market share. 2. Dixons' MDA online sales have been growing at a faster pace than AO's in the last 3.75 years hence Dixons has actually gained more market share than AO contrary to the bears' beliefs that they have been losing share. 3. Dixons is cheaper than AO in terms of prices and services provided. 4. The strong feedback from Dixons' customers is not very dissimilar to AO's although the two have chosen different sources to draw customer feedback from. 5. Dixons' brand awareness is much higher than AO's and hence customer acquisition costs are lower. In general Dixons claims that its multichannel model is more profitable than a pure online model.

Statement regarding possible merger

Dixons Retail plc ("Dixons") and Carphone Warehouse plc ("Carphone Warehouse")
Statement regarding possible merger of Dixons and Carphone Warehouse
The Boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse.
These discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming.
No decision has been reached regarding the structuring of any such merger. Accordingly until further notice, for the purposes of the Code, both Dixons and Carphone Warehouse will be treated as offeree companies.
Consequently, as required by Rule 2.6(a) of the Code each of Dixons and Carphone Warehouse are required, by not later than 5.00 p.m. on 24 March 2014, to either announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Either deadline may be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
A copy of this announcement will be available at www.dixonsretail.com and www.cpwplc.com by no later than 12 noon (London time) on 25 February 2014.

The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement.

A bit more ..

Dixons, Carphone Warehouse in merger talks

(Reuters) - Dixons Retail, Europe's No. 2 electricals retailer, and Carphone Warehouse, Europe's No. 1 independent mobile phone retailer, said on Monday they are in merger talks.

"The boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse," the firms said in a statement.

They said the discussions are at a very preliminary stage and there was no certainty a transaction will be forthcoming.

They said no decision has been reached regarding the structuring of any such merger.

The companies, which are both being treated as offeree companies, are required to announce a firm intention to make an offer not later than March 24.

In auction +9.7%.

D Day today!

We are waiting! But I am in this for the long haul so do not intend selling.

Me too - but I also have a couple of SB positions that I will close if we get the right result.

Update of Possible Merger

FOR IMMEDIATE RELEASE
24 March 2014

Dixons Retail plc ("Dixons") and Carphone Warehouse Group plc ("Carphone Warehouse")
Update on possible merger

On 24 February, the Boards of Dixons and Carphone Warehouse announced that they were in very preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse and that each of Dixons and Carphone Warehouse are required, by not later than 5:00 pm on 24 March 2014, either to announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
The Boards of Dixons and Carphone Warehouse have jointly requested that the Takeover Panel, in accordance with Rule 2.6(c) of the Code, extend the current deadlines of 5:00 pm on 24 March 2014, as referred to above.
Since the announcement of 24 February 2014 was made when discussions were at a very preliminary stage, both parties have agreed that they require more time to evaluate a potential merger of the two businesses. Accordingly, an extension has been granted by the Takeover Panel and as such, each of Dixons and Carphone Warehouse must, by not later than 5:00 pm on 19 May 2014, either announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

Discussions are still ongoing and there can be no certainty that a firm offer will be made.

This announcement has been made with the agreement of Dixons and Carphone Warehouse.

A copy of this announcement will be available at www.dixonsretail.com and www.cpwplc.com by no later than 12 noon (London time) on 25 March 2014.
The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement.

Carphone silent on Dixons talks as sales rise

(Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW business.

The firm's trading update on Tuesday made no mention of the talks with Dixons, Europe's No. 2 electricals retailer, for a possible 4 billion pounds (3.99 billion pounds) merger.

Britain's Takeover Panel has imposed a May 19 deadline for the two firms to confirm whether they intend to press ahead with a deal that would create a group with about 2,900 stores across Europe and which it is expected would find a place in Britain's FTSE 100 share index.

Carphone said sales at CPW Group stores open over a year rose 2.3 percent in the three months to March 29 - a seventh straight quarter of like-for-like growth.

Carphone And Dixons Set To Unveil £4bn Merger

Bank of America Merrill Lynch Buy 50.18 49.80 - 58.00 Retains

Make your mind up time tomorrow!

Trading Statement

DIXONS RETAIL PLC
ANOTHER EXCELLENT YEAR
MERGER WITH CARPHONE WAREHOUSE GROUP PLC ANNOUNCED

Dixons Retail plc, Europe's leading specialist multi-channel electrical retailer and services company, today announces trading for the fourth quarter and full year to 30 April 2014.
· A strong outturn across the Group with full year underlying sales up 3% and like for likes up 3%.
· Group Full year underlying profit before tax expected to be at the top end of market expectations of £150 million to £160 million.
· Good cash generation resulting in improvement in net funds year on year.
· Group gross margins were down 0.2% in the full year, showing improvement in the second half.
· Disposals of PIXmania, UniEuro in Italy and Electroworld in Turkey, delivering against one of the Group's core strategic objectives of focusing on markets where we are leaders.
· The Group delivered robust trading in the fourth quarter, on top of a very strong performance in the prior year.
· UK & Ireland traded strongly, delivering a stronger performance than expected. Fourth quarter like for like sales of (2)% was a robust performance having delivered +13% in the same period last year.
· Northern Europe with flat like for like also delivered a strong performance on top of +14% in the same period last year.
· Merger of equals with Carphone Warehouse Group plc announced separately today.

Recommended all-share merger

FOR IMMEDIATE RELEASE

15 May 2014

RECOMMENDED ALL-SHARE MERGER OF CARPHONE WAREHOUSE GROUP PLC
AND DIXONS RETAIL PLC
Summary

· The Boards of Carphone Warehouse Group plc and Dixons Retail plc are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of Carphone and Dixons, which is to be implemented by way of a scheme of arrangement of Dixons.

· The Merger will result in each of Dixons' and Carphone's Shareholders holding exactly 50 per cent. of Dixons Carphone on a fully diluted basis taking into account existing share options and award schemes for both companies. 1 Under the terms of the Merger, Dixons Shareholders will receive:

0.155 of a New Dixons Carphone Share in exchange for each Dixons Share

· The merged entity, to be called "Dixons Carphone plc", will create a leader in European consumer electricals, mobiles, connectivity and related services.

· The Boards of Carphone and Dixons believe that the Merger will deliver significant value to shareholders through a combination of enhanced commercial opportunities and operating synergies.

· The Carphone Directors and Dixons Directors, having reviewed and analysed the potential synergies of the Merger, based on their experience of operating in the consumer electrical and mobile retail sectors, and taking into account the factors they can influence, believe that the Combined Group will be able to achieve integrated mobile retailing and procurement synergies, together with cost savings, of at least £80 million on a recurring basis, which are expected to be delivered in full in the financial year 2017/18. The Boards of Carphone and Dixons expect Dixons Carphone to deliver these synergies progressively, achieving almost half of them in financial year 2015/16.[2]

· The Combined Group will also have the opportunity to achieve significant additional value from growth opportunities arising from the Merger.

· As from Completion, Sir Charles Dunstone, Chairman of Carphone, will become the Chairman of Dixons Carphone. Roger Taylor, Deputy Chairman of Carphone, and John Allan, Chairman of Dixons will become Co-Deputy Chairmen and John Allan will also become Senior Independent Director; Sebastian James, CEO of Dixons, will become CEO; Andrew Harrison, CEO of Carphone, will become Deputy CEO; Humphrey Singer, CFO of Dixons, will become CFO; Katie Bickerstaffe, CEO of UK & Ireland Dixons, and Graham Stapleton, CEO of UK & Ireland Carphone, will join the Dixons Carphone Board as Executive Directors and retain their current responsibilities. In addition, the Dixons Carphone Board will comprise six other Non-Executive Directors. John Gildersleeve, Baroness Morgan of Huyton and Gerry Murphy will be the Non-Executive Directors appointed from Carphone. Tim How, Jock Lennox and Andrea Gisle Joosen will be the Non-Executive Directors appointed from Dixons.

· Each of the Proposed Directors of the Dixons Carphone Board has given a binding undertaking not to dispose of any of his or her beneficial holdings in shares of Dixons Carphone (or any interest therein), which he or she holds on Admission or subsequently acquires during the lock-in period. All of the Proposed Directors have given this undertaking for a period of 24 months following Completion with the exception of Katie Bickerstaffe and Graham Stapleton who have given this undertaking for a period of 12 months, in line with the undertakings expected to be received from other senior executives.

· Carphone and Dixons are both experienced operators with significant knowledge and expertise. The integration of the two businesses will be managed by a dedicated integration team, bringing together the best relevant capabilities of both businesses, with the aim of facilitating a smooth integration.

· Carphone and Dixons have put in place appropriate banking facilities to ensure that Dixons Carphone will have a strong financial profile following Completion, which will enable the Combined Group to retain flexibility whilst reviewing its optimal capital structure going forward.

· Dixons Carphone intends to adopt a dividend policy in line with Carphone's current dividend policy of 3.0x dividend cover based on Headline Earnings. The exchange ratio of the Merger has been determined on the basis that no dividend will be payable by either of Carphone or Dixons prior to Completion, other than an ordinary course Carphone final dividend of 4 pence per Carphone Share in respect of the financial year to 29 March 2014.

· The Merger will be conditional on, amongst other things, the approval of Carphone Shareholders and Dixons Shareholders, the sanction of the Scheme by the Court and relevant anti-trust clearances being received.

· Carphone and Dixons have received irrevocable undertakings to vote in favour of the Merger from those of the Carphone Directors, their families and related trusts, and Dixons Directors, their families and related trusts, who hold or are beneficially entitled to Carphone Shares and/or Dixons Shares, representing in aggregate 26.7 per cent. of Carphone's ordinary share capital and 0.06 per cent. of Dixons' ordinary share capital respectively in issue on 14 May 2014 (being the latest practicable date prior to this Announcement).

Cantor Fitzgerald Buy 53.28 50.90 60.00 60.00 Reiterate

SALE OF CENTRAL EUROPEAN OPERATIONS

Dixons Retail plc ("Dixons Retail"), one of Europe's leading specialist multi-channel electrical retailer and services companies, today announces that it has entered into an agreement to sell the ElectroWorld operations in Central Europe to NAY a.s., a leading electrical specialist retailer in the region.

Electroworld operates 26 specialist electrical retail stores across Czech Republic and Slovakia.

Following completion, which is expected to take place during the summer, and which remains subject to certain normal conditions including competition authority clearance, Dixons Retail expects to receive a small deferred cash consideration spread over three years.

For the year to April 2014, the assets being disposed of generated losses before tax of £5.6 million on turnover of £129 million from 26 stores (including 2 franchise stores).

Commenting on the disposal, Sebastian James, Dixons Retail Group Chief Executive, said:
"I am very pleased that we have been able to secure a strong future for Electroworld who will be able to flourish as a part of the NAY Group in Central Europe. Following this transaction Dixons will be a market leader in every market in which it operates, delivering on one of our key strategic objectives."

Commenting on the deal, Mr.Peter Zálešák and Mr Ján Tomáš, co-founders of NAY, said:
"We are pleased to announce the closure of this deal with ElectroWorld. It is a big step towards achieving our goal of reaching EUR 300m of sales in Central Europe and we strongly believe it allows the development of our market leading position in Slovakia. Furthermore it achieves our longer-term development to enter the Czech market and we are delighted to do that in conjunction with such a good partner as Electroworld."

From yesterday afternoon.

Merger unconditionally cleared by EU Commission

Final Results

Key highlights
· Group underlying profit before tax increased by 76% to £166.2 million versus £94.5 million reported last year and up 10% on a restated basis (1),(2).

- Further strong progress in the UK & Ireland with underlying operating profits up 24%(1)

- Elkjøp delivered another strong year with record sales

- Greece delivered an improved performance with some signs of stability returning to the market

· Another successful year for the Group, delivering on its key objectives:

- Firm establishment of a sustainable business in a multi-channel world

- Disposals of all non-core operations, leaving the Group with leading positions in all our core markets

· Proposed merger with Carphone Warehouse announced to develop a leading position across electricals, mobiles and connectivity.

- European Commission has confirmed that it has unconditionally cleared the proposed merger

· Group online sales increased by 16% to £1 billion.

· Customer service metrics at their highest ever recorded levels in all markets.

· Return on capital employed of 16.3%, up from 14.9% in the prior year.

· Group costs reduced by a further £45 million completing the two year £90 million cost reduction initiative.

· Very strong cash generation with the Group ending the year with net cash increasing to £70.9 million.



Financial highlights
· Total underlying Group sales up 3% at £7.22 billion (2012/13 £7.03 billion) (1).

· Group gross margins down 0.2% in the full year, with an improvement in the second half.

· Total profit before tax after non-underlying items increased by 53% to £132.9 million (2012/13 profit of £86.6 million).

· Post tax non-underlying charges of £186.0 million, relating mainly to disposals of non-core operations. (1)

· Underlying diluted earnings per share 3.0 pence (2012/13 earnings of 2.6 pence)(1). Basic loss per share including discontinued operations of (1.9) pence (2012/13 loss per share of (4.5) pence).

Investec Buy 48.04 56.00 56.00 Retains

Cantor Fitzgerald Buy 48.04 60.00 60.00 Reiterates

HL comment

Suspension

TEMPORARY SUSPENSION

Dixons Retail Plc

The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 6/08/2014 7:30AM at the request of the company pending an announcement:

Suspension of trading of Dixons Retail plc shares

Recommended all-share merger of

Dixons Retail plc ("Dixons")

and
Carphone Warehouse Group plc ("Carphone")

Suspension of trading of Dixons Shares

Further to the announcement of the recommended all-share merger of Dixons and Carphone on 26 June 2014, and following an application by Dixons to the UK Listing Authority and the London Stock Exchange, the board of Dixons announces that the trading in Dixons Shares on the London Stock Exchange's main market for listed securities and the listing of Dixons Shares on the premium listing segment of Official List of the UK Listing Authority, have each been suspended with effect from 7.30 a.m. (London time) today, 6 August 2014.

Capitalised terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 26 June 2014.

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