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
:>)

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