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
:>)

Up 10.2% after extended auction.

In auction +6.5% - a recovery play?

Strong again today.

Board Announcement.

Board changes

Dixons Retail plc, one of Europe's leading specialist electrical retailing and services companies, announces the following Board changes:

John Browett will be leaving the company to take up the role of Senior Vice President of Retail at Apple, based in California, USA. John will step down from the Group Board on 20 February 2012 and will leave the company on 20 April 2012, following a handover period.

Sebastian James will be appointed Group Chief Executive and will join the Group Board on 20 February 2012. Sebastian joined Dixons Retail in April 2008 and is currently Group Operations Director. He has played a leading role in delivering the Renewal & Transformation of the UK & Ireland business. Sebastian has worked very closely with John and as Transformation Director, was responsible for the development and implementation of the new store formats and propositions across the UK & Ireland business, which have been a cornerstone in improving the shopping trip for customers and of the Currys and PC World turnaround. In addition he was the architect of the improvements to the delivery, repair and services infrastructure as well as of the significant reduction in the costs of these operations. Prior to joining Dixons Retail he held a number of CEO roles for private-equity backed ventures. Early in his career he was Strategy Director at Mothercare plc and worked for Boston Consulting Group.

Katie Bickerstaffe has been appointed to the new role of Chief Executive - UK & Ireland, and will also join the Group Board on 20 February 2012. With Sebastian, Katie has delivered the turnaround of the UK & Ireland business, with particular responsibility for the launch of KNOWHOW, the store portfolio strategy, marketing, customer relationship management and Human Resources functions. More recently she has also been responsible for the e-commerce operations in the UK & Ireland. Prior to joining Dixons Retail in June 2008 she was Managing Director of Kwik Save and Group Retail Director and Group HR Director of Somerfield plc.

The Group continues to trade in line with the trends as reported in its peak trading statement issued on 17 January 2012.

RNS Number : 9365W
Dixons Retail PLC
07 February 2012

FOR IMMEDIATE RELEASE Tuesday, 7 February 2012

DIXONS RETAIL PLC
Response to announcement from OFT

Dixons Retail plc ("Dixons" or "the Company"), one of Europe's leading specialist electrical retailing and services companies, welcomes today's announcement from the Office of Fair Trading ("OFT") regarding extended warranties. The report from the OFT recognises the improvements in the market since the Competition Commission reported in 2003 and in particular that customers are getting better value for money with decreased prices and quality improvements in terms of service and level of cover. The OFT believes that the undertakings announced today will resolve any remaining competition concerns.

Dixons Retail supports any initiative that provides customers with greater choice and helps them understand the features, benefits and value of the services we are able to provide to them. Dixons has worked closely with the OFT throughout the course of its market study, and will continue to do so in the development of a price comparison website allowing consumers to compare the cost of these agreements and other similar products.

Our Customer Support Agreements are designed with customers' convenience in mind. Last year we relaunched our services under the KNOWHOW brand having made significant improvements to the services offered to customers, which include many features over and above a standard extended warranty. Further improvements to our customer service offer are continuously being made.

The proposals being recommended by the OFT will enable customers to make more informed choices about how they obtain help and support. Our KNOWHOW teams in store, online and on the phone look forward to helping customers make the most of the products they purchase.

- Ends -

A bit of life left yet.

Interim Mangement Statement.

DIXONS RETAIL PLC
FULL YEAR TRADING STATEMENT
SALES AHEAD OF EXPECTATIONS WITH A STRONG END TO THE YEAR

Dixons Retail plc, Europe's leading specialist electrical retailer and services company, today announces trading for the 16, 28 and 52 weeks ended 28 April 2012.
· Group underlying total sales were flat and like for like sales were down 3% in the full year.
· Encouraging end to the year with Group like for like sales up 5% in the final quarter.
· Good performances in UK & Ireland and Northern Europe, trading ahead of their markets, and ending the year strongly with like for likes up 8% and 10% respectively in the final quarter.
· Italian and Greek business impacted by continued difficult economic environments.
· PIXmania's financial performance particularly impacted this year by supply issues following natural disasters, consumer declines in core markets and transition to a new operating model.
· Continued strong growth in multi-channel:
· Multi-channel sales up 30% in the second half and up 16% in the full year.
· Internet sales now represent 18% of Group sales.
· Group gross margins down 0.3% in the full year.
· Gross margins flat in the UK in the full year, in line with strategy.
· Northern Europe gross margins down 0.5% in the full year but recovering to flat in the second half.
· Full year Group underlying profit before tax expected to be between £65 million to £70 million which is towards the top end of expectations.
· Strong cash and working capital management resulting in year-end net debt expected to be approximately £110 million.

Dixons +45pc

Consumers are hardly rushing out to spend money on expensive electrical gadgets this year. But the one thing they might splash out on is a big television ahead of the Euro 2012 football championship and the Olympics, traditionally a significant spark to the TV market.

Dixons is probably best placed to win this spend, and investors have also been impressed by the new chief executive, Sebastian James, an old friend of David Cameron.

More recently the owner of PC World and Curry’s agreed a £300m refinancing package with its lenders, winning the company some much needed financial security and a vote of confidence.

Many believe the shares are still cheap and could, despite almost zero consumer confidence, continue to do well this year.

Dreamcatcher: certainly "cheap" compared with the past - but what is going to change consumers who now buy On-Line? - they are used to better deals and latest stock; both areas where retaillers can't compete.... So, I'm not at all sure - Small "computer shops" are going out of business because they can't afford to hold stock that degrades . . . and Dixons/PCW are only the same thing "larger" - with Lenders who are also hoping things will turn round . . . but looking at the underlying trend Retail is all but finished, for some classes of goods.( D/PCW holds nearly all of them!). It's not as though D/PCW has a good reputation for Service, is it? PCW prices are significantly higer than elsewhere IMHO - since sales margins must pay for the masses of Stock on display.
As an Equity investment now, there may be some "bounce" so it could be wise inv. but frankly, I don't see much future improvement for this Equity. It did bounce nearly 40% after the dire run-up to Xmas 2011 and that may be the extent of it...but tricky to get "timing" right and then the charges, spreads, etc.
Good Luck.

Thursday June 21 =
You might have thought that Dixons , selling gadgets in cash-strapped Britain and crisis-hit Italy and Greece, would be trapped in a spiral of despair, but the company has been remarkably upbeat in recent months.

Chief executive Sebastian James has enjoyed a strong start since taking over from John Browett, who left to join Apple earlier this year, but presenting full-year figures will be his most public test yet.

The group, which has about 640 stores in the UK and Ireland said last month that it expected profits for the year to April to be near the top end of City forecasts, which range between £65m and £70m. It pointed to improved ranges and service as sales rose 8pc on a like-for-like basis in the UK and Ireland in the 16 weeks to April 28. Dixons has cautioned that it may temporarily close shops in Greece if civil unrest follows any euro exit.

But Mr James is likely to highlight the relatively strong financial position the company is in with net debt down from £200m a year ago to about £110m. In recent weeks it has received the backing of its banks with a new £300m lending facility

Dixons Retail followed up its early morning rise to end on 16p, ahead 17% on the day, on hopes that it will see a retail recovery in its Thursday results.

DIXONS RETAIL PLC

Full year results at the top end of expectations





Key Highlights

· Group underlying total sales(1) (2) flat in the full year with strong momentum in the final quarter.

- Group like for like sales(3) down 3% in the full year, up 5% in the final quarter.

- Like for like sales in the final quarter up 8% in the UK & Ireland and up 10% in the Nordics

· Growing share across most markets, particularly in the UK and Northern Europe.

· Underlying pre-tax profit(1) of £70.8 million (2010/11 profit of £85.3 million).

- Good progress in UK & Ireland and Northern Europe with profits up 15% and 12% respectively

- Offset by weaker performances in Southern Europe and PIXmania.

· Strong growth in multi-channel with sales up 30% in the second half.

· Net debt reduced to £104.0 million from £206.8 million year on year.

· £300 million revolving credit facility signed, extending the maturity date to June 2015.

· On target to repay £160 million 6.125% Bonds due 15 November 2012 and associated hedge cost of approximately £65 million.

· Customer satisfaction and advocacy measures continue to show good progress, particularly in the UK.

Financial Highlights

· Total Underlying Group salesflat at £8.19 billion (2010/11 £8.15 billion).

· Group gross margins down 0.3% in the full year.

- Gross margins flat in the UK in the full year.

- Northern Europe gross margins down 0.5% in the full year but recovering to flat in the second half.

· Total loss before tax of £118.8 million (2010/11 loss of £224.1 million), after non-underlying items(1) of £189.6 million, which are predominantly non-cash and comprise the write off of goodwill relating to Unieuro, Kotsovolos and PIXmania.

· Underlying diluted earnings per share(1) 1.1 pence (2010/11 earnings of 1.6 pence). Basic loss per share for continuing operations 4.3 pence (2010/11 loss per share of 6.6 pence).

· £60 million of cost reductions delivered in the year with £90 million targeted over the next two years.




http://www.moneyam.com/action/news/showArticle?id=4392699

Duplicate!

Acquisition of a 22% minority interest in PIXmania


http://www.moneyam.com/action/news/showArticle?id=4425058

Dixons Retail adds 1.7 percent 's second biggest electricals retailer says it will take full ownership of online business Pixmania after agreeing to buy out the minority 22 percent interest of its founders for 10 million euros ($12.3 million).

"We view this as a positive step as management needs to address the weak performance of Pixmania and its Southern European businesses, though this will take time given the impact austerity measures are likely to have on consumer discretionary spending going forward," Seymour Pierce says in a note.

Dixons Retail (Other OTC: DSITF.PK - news) has soared by 68% this year to 16.47p, after slumping massively from pre-crash levels, and is now looking like a recovery story that's only set to get better. The crash was due to many reasons, but mainly it was a shift in our shopping practices away from slogging around the streets to browsing online retailers from the comfort of our homes.

Dixons, like others, was slow to change and embrace modern multi-channel retailing, and was far too inefficient in its business. But annual results in June showed strong signs that the firm's turnaround strategy is meeting with success, as it said its first priority is to "Drive a successful and sustainable business model in a multi-channel world". Sales and profits are creeping back, debt is being slashed, and we're seeing more internet-savvy efficiency.

The shares are now of a forward price-to-earnings (P/E) ratio of around 12 for April 2013, falling to 8 the following year. Dixons could well be back into sustainable profit territory again.

The consumer will come under the spotlight on Thursday, with updates from electrical retailer Dixons Retail (DXNS) and supermarket Morrison's (MRW).

Recent news: At the time of its preliminary results in June, Dixons said that the first quarter had got off to a good start, broadly following the trends seen in the fourth quarter.

Analysts' expectations: Philip Dorgan, analyst at Panmure Gordon is looking for first-quarter group like-for-like sales growth to come in at 4%, which compares with fourth-quarter growth of 5%. He believes that the repayment of the bonds in November remains on track.

"The UK has benefited from a number of tailwinds, notably the poor weather and the number of sporting events, but we would still view this as an encouraging performance," he says.

He adds: "Dixons is becoming much less of a binary situation and more of a compelling recovery story. We don't anticipate major changes to forecasts, but we expect the statement to encourage the view that Dixons can continue to be one of the few winners in its space and can gradually create a strong niche against the pure play online operators."

Valuation: The stock is trading on a 2013 financial year PE ratio of between 12 and 13 times.

Dixons Retail, which reports its first-quarter trading figures on Thursday, is thought to have benefited from the Olympic halo effect from sales of wide-screen televisions.

Up on anticipation?

Plenty of expectation in the price.