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
:>)

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.