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
:>)

Investec Buy 48.82 50.40 62.00 - Reiterates

Deutsche Bank Buy 0.00 60.00 60.00 Reiterates

Citigroup Buy 47.11 47.11 60.00 60.00 Reiterates

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

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

Exane BNP Paribas Neutral 44.99 45.65 50.00 53.00 Retains

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

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

Barclays,Analysts Christodoulos Chaviaras and Claire Huff put a 65p target on Dixons,

Analysts Christodoulos Chaviaras and Claire Huff put a 65p target on Dixons, and said that investors had probably overestimated the threat that AO posed to its business. They said:

Dixons' presentation addresses a number of investors' concerns about the company's market share and marketing position versus AO.com which has attracted a lot of interest recently. Clearly we cannot fully endorse the estimates coming from either Dixons' or OC&C's (commissioned by AO) reports as we cannot verify the data ourselves but in our view the noise caused by AO's intention to float and the associated negative impact on Dixons' share price is overdone. Our analysis shows that Dixons' and AO's prices are similar while Dixons' service levels have been rapidly improving to a very competitive level. In our estimates Dixons gained circa one-third of Comet's lost sales meaning that it has been able to accelerate its market share gains in the white goods market and certainly didn't lose market share due to AO's sales growth. Some sensible checks we did on the facts presented by both Dixons and AO lead to an overall picture which is not very dissimilar to how the two retailers presented it. We do not dismiss AO as a credible competitor in the major domestic appliances [MDA] market and Dixons shouldn't do either, in our view, but we have yet to see any evidence of AO impeding Dixons' growth. The five main points Dixons management highlights in its presentation 1. Dixons is the market leader in UK and Ireland MDA while its market share online is very close to AO's market share. 2. Dixons' MDA online sales have been growing at a faster pace than AO's in the last 3.75 years hence Dixons has actually gained more market share than AO contrary to the bears' beliefs that they have been losing share. 3. Dixons is cheaper than AO in terms of prices and services provided. 4. The strong feedback from Dixons' customers is not very dissimilar to AO's although the two have chosen different sources to draw customer feedback from. 5. Dixons' brand awareness is much higher than AO's and hence customer acquisition costs are lower. In general Dixons claims that its multichannel model is more profitable than a pure online model.

Statement regarding possible merger

Dixons Retail plc ("Dixons") and Carphone Warehouse plc ("Carphone Warehouse")
Statement regarding possible merger of Dixons and Carphone Warehouse
The Boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse.
These discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming.
No decision has been reached regarding the structuring of any such merger. Accordingly until further notice, for the purposes of the Code, both Dixons and Carphone Warehouse will be treated as offeree companies.
Consequently, as required by Rule 2.6(a) of the Code each of Dixons and Carphone Warehouse are required, by not later than 5.00 p.m. on 24 March 2014, to either announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Either deadline may be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
A copy of this announcement will be available at www.dixonsretail.com and www.cpwplc.com by no later than 12 noon (London time) on 25 February 2014.

The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement.

A bit more ..

Dixons, Carphone Warehouse in merger talks

(Reuters) - Dixons Retail, Europe's No. 2 electricals retailer, and Carphone Warehouse, Europe's No. 1 independent mobile phone retailer, said on Monday they are in merger talks.

"The boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse," the firms said in a statement.

They said the discussions are at a very preliminary stage and there was no certainty a transaction will be forthcoming.

They said no decision has been reached regarding the structuring of any such merger.

The companies, which are both being treated as offeree companies, are required to announce a firm intention to make an offer not later than March 24.

In auction +9.7%.

D Day today!

We are waiting! But I am in this for the long haul so do not intend selling.

Me too - but I also have a couple of SB positions that I will close if we get the right result.

Update of Possible Merger

FOR IMMEDIATE RELEASE
24 March 2014

Dixons Retail plc ("Dixons") and Carphone Warehouse Group plc ("Carphone Warehouse")
Update on possible merger

On 24 February, the Boards of Dixons and Carphone Warehouse announced that they were in very preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse and that each of Dixons and Carphone Warehouse are required, by not later than 5:00 pm on 24 March 2014, either to announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
The Boards of Dixons and Carphone Warehouse have jointly requested that the Takeover Panel, in accordance with Rule 2.6(c) of the Code, extend the current deadlines of 5:00 pm on 24 March 2014, as referred to above.
Since the announcement of 24 February 2014 was made when discussions were at a very preliminary stage, both parties have agreed that they require more time to evaluate a potential merger of the two businesses. Accordingly, an extension has been granted by the Takeover Panel and as such, each of Dixons and Carphone Warehouse must, by not later than 5:00 pm on 19 May 2014, either announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

Discussions are still ongoing and there can be no certainty that a firm offer will be made.

This announcement has been made with the agreement of Dixons and Carphone Warehouse.

A copy of this announcement will be available at www.dixonsretail.com and www.cpwplc.com by no later than 12 noon (London time) on 25 March 2014.
The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement.

Carphone silent on Dixons talks as sales rise

(Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW business.

The firm's trading update on Tuesday made no mention of the talks with Dixons, Europe's No. 2 electricals retailer, for a possible 4 billion pounds (3.99 billion pounds) merger.

Britain's Takeover Panel has imposed a May 19 deadline for the two firms to confirm whether they intend to press ahead with a deal that would create a group with about 2,900 stores across Europe and which it is expected would find a place in Britain's FTSE 100 share index.

Carphone said sales at CPW Group stores open over a year rose 2.3 percent in the three months to March 29 - a seventh straight quarter of like-for-like growth.

Carphone And Dixons Set To Unveil £4bn Merger

Bank of America Merrill Lynch Buy 50.18 49.80 - 58.00 Retains