So DSGI )PC World, Dixons etc etc) took a dive last week on the 'poor results'. However it now appears to be rising quite fast and some Investment company in the US has bought 2.4% of the company since December. Anyone know who Spruce Investment are? Have they got a history of picking good recovery stock?

I agree they are practically worthless like Woolworths who will rescue them now.

with the xmas rush for shoppers looking even gloomier then DSG will go bust and lower than wlw, as no buyers will take on 300 outlets.

RESEARCH ALERT-Nomura raises DSG to buy




Dec 10 (Reuters) - Nomura upgraded DSG International , Europe's
second-largest electrical goods retailer, to "buy" from "neutral", citing
significant upside potential.
The company is currently priced to fail, the brokerage said in a note to
clients, a probability that it sees as overstated.
The share price suggests the market believes DSG may not be able to trade
through the peak Christmas period and into 2009, Nomura said. DSG shares have
fallen nearly 90 percent in the past year.
Though the business is currently stretched, it has several strategic
options available that would allow it to trade through the peak season and
continue with its renewal and transformation plan through next year, Nomura
said.
"DSG has a number of strategic options, including disposals which could
help to raise cash, pay down debt and increase headroom versus covenants," the
brokerage said.
Execution of the plan will be key as the market continues to deteriorate
because a failure to execute effectively could see further downside risk, Nomura
wrote.
The problem for DSG is that in shareholders' best interests it may need
to dispose of non-core assets or businesses for the core operations to remain
viable in the current economic slowdown, it said.
Nomura cut its price target on the stock to 38 pence from 50 pence.
Shares of the company were up 10 percent at 14 pence at 0955 GMT on Wednesday
the London Stock Exchange.

mitzy, shadow, blackdown;

you talk utter rubbish !
its doubled since you all spouted;
comparing DGSI with Woolies or Jessops, just shows your lack of knowledge.
LOL !

The problem many non-food outlets have is the inability to drive customers into the store.
One remedy would be to create a Cafe-culture so you go there to be entertained, buy a light lunch and see the latest electrical goods. If you are interested in a computer, say then you can go to the computer-event later in the day.
Clearly shops have no desire to change their minds - since, such a move would reduce selling-space, but IMHO that's not the figure to look at.
In a downturn, it is head-good contact - if you triple the number of visitors, you can afford to reduce the product-lines. Incidently a cull of their slower-selling products would help, allowing them to concentrate on models with "extra features"
. . . . sadly, few retailers have any idea how to sell a technical product. . . . the ability to read the card on the product appears to be all that constitutes "help". These retailers don't deserve to survive.

The situation now is that no-one "needs" a new xxx. Look at your own situation....unless xxxbreaks down, you don't need a new one. This applies to TV, dvd players, irons, washing machines, or freezers. What is surprising is that so many folk would crowd into these stores and buy a replacement for qa xxxx that was working perfetly well.
+Add to that they bought a worthless "Guarantee" that represented about 25% of the purchase price - a practice that endures.
Why is DGSI any different?
The sp tells it all.

where are those clueless dudes, do they only post when the sp is going down !

Shares are rising today on news of PCWorld and CurrysDigital combining stores to one shop and newer format shops rolling out.
google it, all the info is there today.

MACD about to cross over -

Buy -

MACD about to cross over -

Buy -

N1
i do hope MACD does cross over, my own experience is that such anticipating often leads to disaster, why not wait until it actually does happen? just my opinion.
regards to you
jkd

'MACD about to cross over - Buy' = Dangerous assumption

MACD below the centreline, suggest you wait until it gets into positive territory, might miss the bottom (ish) better than catching a falling knife. SP still in a downtrend.

Ultimately, the MACD measures momentum. Its buy signals accompany strong uptrends, while its sell signals are given not when prices actually begin to decline but when the rate of their upward climb slows. This highlights two disadvantages to the indicator: First, its lag means you will miss the early part of any major move, since by the time it's identified the move will be well under way, and second, the sell signals tend to be early, forcing you to exit prematurely.

Personally I think MACD is best used to spot divergence. If you try to use the MAs to catch a falling knife, most of the time that is exactly what you will do. It's a lagging indicator and the MAs or Histo are not giving much clue to future SP performance. If you're basing a trade on 'thinking' the MAs are going to cross you might as well just look at the SP and make a decision as to if it has gone down far enough or up too far.

Nearly there

Yep, and the SP is going sideways, you gonna buy when it crosses up?

I am already in bought when I first posted so ok at the moment. Lets hope it keeps going up !

DSG to post 80% profit collapse

By Simon Evans
Sunday, 21 June 2009

Further pressure is expected to be heaped on DSG's chief executive, John Browett, this week when the electricals group that runs Currys and PC World posts a near 80 per cent drop in profits to around 42m.

It's now just over a year since Mr Browett unveiled a five-point plan to overhaul the retailer's fortunes. He said it could take as long as four years.

The retailer has posted a number of profits warnings since Mr Browett, the former chief executive of Tesco.com, took over the top job in December 2007. DSG group recently raised more than 311m in a rights issue, but it has been battered by a number of headwinds including the fall in discretionary spending and the withdrawal of credit insurance for suppliers to the firm.

Its shares shed 6p over the week closing on Friday at 23p.

In a miserable week for the high street, Kesa Electronics, which owns Comet, will say profits fell by 46 per cent in the past 12 months. Kesa said last weeek thatit was selling its Swiss business prompting expectations of further disposals in the coming months.

DSG International reveals loss of 140m
Business Financial Newswire

Electrical retailer DSG international said its total annual loss before tax after deducting net non-underlying charges of 190.9m was 140.4m. The basic loss per share for continuing operations was 9.2p. Like for like sales were down 9%.

Total underlying sales were down 1% to 8.227bn in the year ended 2nd May. Underlying gross margins were up 0.2% in the second half, but down 0.1% in the full year.

Group sales, including those from businesses to be closed, were down 1% to 8.364.6bn. Like for like sales were down 9%.

Underlying Retail profit of 95.5 million slumped from 219.9m the previous year.

Underlying pre-tax profit was 50.5m (2007/08 225.6 million).

Underlying diluted earnings per share was 0.7p (2007/08 7.2p).

Total loss before tax after deducting net non-underlying charges of 190.9m was 140.4m. Basic loss per share for continuing operations was 9.2p.

As at 2nd May 2009 the Group had net debt of 477.5m (excluding net proceeds of 293.6m from equity issue).

Successful refinancing was completed through the equity issue and amendments to the 400m revolving credit facility and 75m letter of credit facilities.

Portfolio review has resulted in the closing of loss making standalone PC City stores in Sweden and Markantalo in Finland as well as the sale of Electro World in Hungary.

Good progress was made on the step change programme, with costs reduced by 95m in the 2008/09 financial year and 200 million of further cost reductions identified over the next 4 years. Initiatives are underway to reduce working capital by 80m to 130m.

John Browett, CEO, commented: 'This has been a year of significant change for the Group. We have taken wide ranging actions to re-organise and restructure the business as well as implementing our Renewal and Transformation plan. Following our successful rights issue and placing, which received very strong support from our shareholders, and was well received by our suppliers, we now have the resources and flexibility to deliver on our Renewal and Transformation plan at a faster pace.

We are improving the business for our customers. We are providing better service in store, selling complete solutions, delivering at more convenient times and improving our technical and after sales service. We are well positioned to emerge from the recession with a compelling offer for customers. We remain confident of our medium term target of achieving a 3%-4% return on sales.'

Currently looking at DSG as a recovery stock. At 29.19p, it seems to have lagged behind on the general upturn in the market.

Any views ?

DSG international confirms profit projections.