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dixons - no trades this morning? (DXNS)     

stockbunny - 08 Sep 2005 09:35

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
:>)

skinny - 18 Dec 2013 07:14 - 199 of 241

Deutsche Bank Buy 48.73 48.73 60.00 60.00 Reiterates

goldfinger - 18 Dec 2013 08:13 - 201 of 241

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.

goldfinger - 18 Dec 2013 08:15 - 202 of 241

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



skinny - 18 Dec 2013 08:44 - 203 of 241

Numis Hold 49.07 48.73 48.00 48.00 Reiterates

Barclays Capital Overweight 49.05 48.73 62.00 62.00 Reiterates

skinny - 18 Dec 2013 09:56 - 204 of 241

Nomura Buy 49.62p 60.00p 60.00p Reiteration

david lucas - 18 Dec 2013 13:44 - 205 of 241

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

skinny - 18 Dec 2013 13:46 - 206 of 241

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

skinny - 31 Dec 2013 11:03 - 207 of 241

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.

skinny - 09 Jan 2014 07:49 - 208 of 241

Barclays Capital Overweight 49.86 49.82 62.00 62.00 Reiterates

skinny - 16 Jan 2014 07:02 - 209 of 241

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.

skinny - 16 Jan 2014 10:14 - 210 of 241

Investec Buy 48.82 50.40 62.00 - Reiterates

skinny - 17 Jan 2014 06:43 - 211 of 241

Deutsche Bank Buy 0.00 60.00 60.00 Reiterates

skinny - 17 Jan 2014 07:46 - 212 of 241

Citigroup Buy 47.11 47.11 60.00 60.00 Reiterates

david lucas - 17 Jan 2014 09:48 - 213 of 241

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


2517GEORGE - 23 Jan 2014 11:48 - 214 of 241

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

skinny - 23 Jan 2014 11:51 - 215 of 241

Exane BNP Paribas Neutral 44.99 45.65 50.00 53.00 Retains

2517GEORGE - 23 Jan 2014 12:02 - 216 of 241

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

david lucas - 23 Jan 2014 12:50 - 217 of 241

Chart.aspx?Provider=EODIntra&Code=DXNS&S

david lucas - 23 Jan 2014 12:51 - 218 of 241

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