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
:>)

Dixons sales improve
StockMarketWire.com
Electrical retailer Dixons Retail said it has made an encouraging start to the year with total sales up 2% and like for like sales up 5% in Q1.

The group reported a good performance in UK & Ireland with like for like sales up 7%.

Northern Europe continues to trade strongly as Elkjøp outperforms in its markets.

Italian and Greek businesses are taking appropriate actions in continued difficult economic environments.

Group multi-channel sales were up 39% in the first quarter, with multi-channel sales up 48% in UK & Ireland.

Trading at PIXmania continued to be challenging. On 10th August 2012 the Group acquired the 22% interest in PIXmania owned by the Rosenblum family giving the Group day to day control.

Group gross margins were down 0.3% in the first quarter.

Sebastian James, CEO, commented: "While it is still early in our financial year, I am encouraged by the start we have made across the Group. We have had a real boost from a busy summer of events in the UK and our Northern European operations continue to go from strength to strength. I am pleased that we now have day to day control of PIXmania allowing us to take the decisive actions necessary to improve its performance. August has proven to be quieter across the retail sector in some of our markets and we continue to be cautious about the outlook. However, we are well placed for the back to school period and look forward to the launch of Windows 8 and the exciting new products that we will have available for customers for the Christmas period."

Dixons Retail will announce interim results for the 24 weeks ended 13th October 2012 on 29th November 2012.

Dixons Retail (Other OTC: DSITF.PK - news) : Seymour Pierce upgrades to buy; Nomura ups target from 16p to 20p, neutral rating kept

Charts are indicating strong buy now.

Champing at the bit - about to have a go up to 24p imo.

The Tempus column in The Times has hailed PC World and Currys owner Dixons Retail as one of the 'last men standing' in its retail sub-sector and celebrates its resilience in spite of troubles on the High Street.

Trading in Britain and Northern Europe is "not as bad as it might have been", the paper says, but sales in Southern Europe have faltered. "As the high street contracts, it is in the interests of suppliers to keep the survivors going and this will be reflected in the terms they are offered," the column said.

While the columns says that the shares, trading at around 16 times prospective earnings, are not a "raging 'buy'", at least some of the firm's problems are being tackled.

Sold my dixons holding

wel done dc

Thanks Bb

This must be you then DC :-)

Schroders 14% - 13%

No not me selling such a low volume. lol

Breaking out - next step 24p

The charts don't always get it right, but DXNS have been a screaming "buy" for some time now!

Short term/medium term/long term = 100% "buy". Updated today.

http://www.barchart.com/opinions/stocks/DXNS.LS

Ticking up again, could be a great run up to Christmas and 2013.

Excellent rise this morning (+10%) - maybe the 'comet' effect?

Now in auction +12% :-)

Up 17.04% now, full steam ahead.

New 12 month high today.

Morgan Stanley raised the target price to 38p this morning.

Dixons Retail Rating: Neutral Target: 27p (29%) Price: 25p

RIC: DXNS.L BBG: DXNS LN Prior: Unchanged Prior: 21p Mkt Cap: £0.90bn
EPS 04/13E: 1.2 (-7.7%)
EPS 04/14E: 1.9 (-5%)
EPS 04/15E: 2.7
Retailers, Specialty Analyst: Adam Cochrane Tel: +44-20-7567 5035

Maintain Neutral - Why Dixons is not a (Best) Buy

􀂄 Times they are a changing (for the better) Industry consolidation in European electricals is gathering pace with the recent Comet administration and
ongoing competitor exits in the Nordics and Italy. It is unclear how much Dixons has already benefitted from a weak Comet in its LFL outperformance
but we would still expect a potential £150-200m sales benefit to Dixons split between H213 and FY14. This would equate to c.3% LFL sales uplift in
H213 and 2% in FY14 and we now incorporate this into our numbers.
􀂄 Dixons is ahead of the curve compared to Best Buy and Media Markt… Best Buy and Media Markt have stronger domestic economies so Dixons
recent outperformance can be attributed to the following: 1) operational improvements in the last few years, 2) recovering from a bigger “dip” in 2008-
09 and/or 3) Dixons prices are already more aligned to the internet. The long term structural margin issues remain consistent but the short term
outlook for Dixons is preferable.
􀂄 …but finds some other potholes We expect Dixons to lose £55m between Pixmania and Southern Europe which offsets the £7m upgrade to the UK
for FY13E. We upgrade FY14E PBT by £12m or 7% primarily on a 2% increase in UK LFL. The higher European losses also weigh on the tax rate and
EPS falls by 6% and 2% in FY13E and FY14E, respectively.
􀂄 Valuation: Neutral, target price raised to 27p (from 21p) We value Dixons on a SOP basis and increase our EV/EBITDA for the UK and Nordics to
4.5x (from 4x) to reflect the better market conditions before deducting liabilities which gives our raised target price of 27p.