Have been thinking of reinvesting in this share,
7 out of 11 brokers have it at buy, currently @ 108
seems a safe bet.........any thoughts?????

Don't you just love the comments made by "the experts" -

Wednesday, 25/06/03, 08:44- LONDON (AFX) - Shares in Dixons, the UK electrical retailing giant, topped the FTSE 100 index leaders board in opening deals -- surging nearly 13 pct -- as brokers cheered its cautiously optimistic outlook, which accompanied top of the range full year results.

Citigroup's Smith Barney was one of the first to move, hiking its rating to 'outperform' with an increased 130 pence price target. The broker waxed lyrical on the strength of the retailer's full year numbers, and the hefty hike in its ...

And then the following day!!!

Thursday, 26/06/03, 07:17 - LONDON (AFX) - Shares in Dixons, the UK's largest electrical goods retailer, could be marked lower in early deals as investors lock-in profits after yesterday's results-inspired gains and less-than-sparkling comment from both Merrill Lynch and Deutsche Bank.

The US broker repeated its 'sell' advice on the stock, saying -- though the company may have detected a recovery in consumer confidence -- it believes this to be premature.

And Deutsche Bank was also unconvinced by yesterday's outlook ...

Just brining this to the top. I've watch and noticed JSP, TOPPS, KESA all warn this weak about consumer spending and surely, surely, this has affected DXNS. OK they have a large continental business now but most of the business is domiciled in the UK and has been under a fair amount of pressure for some time.

JSP would not have warned if product prices were not under pressure so I would have thought some of that would filter to DXNS.

DXNS wont get by unscathed obviously by a turn-down in the
areas that either Comet (kesa) or Jessops operate in, however
IMO there is a fundamential difference with DXNS.

DXNS group consists of Dixons and Currys stores, PC World,
The Link and other interests abroad. This spreads their exposure
in a way I would suggest the others cannot manage. Down-turns in
one or two areas wont help, but the spread will help from mobile
phones to computers to dish-washers to TV's to digi cameras to PS2's.
Their size, I would have thought will give them some 'insulation'.
But this is personal opinion and the old thing of DYOR applies.
:>)

I like:- The divi & cover, the cash-flow & buy-backs
I dislike:- the high street overheads and the aspects covered by Scrip above

I'd be inclined to short at current levels (150p) but am wary of the 11% holding by Capital Group Companies Inc. and recent analyst comment that the likes of Home Depot would consider Dixons an ideal vehicle for extending their expansion outside the US.