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
:>)

can we steer clear of any personla name calling please?

Thank you

Ian

Yes fine Ian sorry but I dont think posters should be posting my personal details ie name from twitter on a thread or board (advfn) where malicious types can trace my home and threaten my security and that of my family.

I really should have reported the matter to advfn abuse but Im not the type to try and get some one banned.

Matter over.

The statement tomorrow is not going to be pretty in the short term, but I think the current SP reflects that. Sales over the Christmas period and the next few months will reflect where this company is going in the future.

Goldfinger - for your information I am not the least bit interested in twitter and I am not the least bit interested in your "personal details". If you have problems with any comments on another bulletin board you should keep your remarks to that bulletin board and you should keep your personal vendettas off moneyam.

Thank you Ian.

Half Yearly Report

Key Highlights

· Encouraging start to the year with Group like for like sales(1) up 3% in the first half.
· Good improvement in Group EBIT(7), up by £5.1million.
· UK & Ireland returning to first half profitability, for the first time in five years.
· Group multi-channel sales up 29% and up 38% in Currys & PC World.
· On track to reduce costs by £90 million over two years.
· Day to day control of PIXmania taken, with decisive actions to improve its poor performance already underway.
· Strong cash generation and reduction in net debt.
· Good early progress on our three strategic priorities.

TAke your pick.


Espirito Santo Execution Noble Buy 25.86 26.05 25.00 25.00 Reiterates

Panmure Gordon Buy 25.83 28.00 32.00 Reiterates

WH Ireland Securities Buy 25.83 30.00 Reiterates

Seymour Pierce Buy 25.83 26.00 34.00 Reiterates

Oriel Securities Hold 25.86 26.05 17.00 17.00 Reiterates

Morgan Stanley target 38p

http://www.express.co.uk/posts/view/361556/Comet-s-woes-aid-dixons

Looking at 30p.

a true story ..... the other day i went into duty free at heathrow as my son wanted a specific camera ..... i had already done my homework and established that i could buy on line at £304 ..... dixons duty free were demanding either £458 or £498 (!!) - i can't remember which

so i go to a good retail camera shop in miami ..... shelf price was $529 (approx £325), but when i mentioned that i could buy it cheaper in uk, the manager immediately offered me a price of $449 (£275), which of course i accepted

lots of useful conclusions can therefore be drawn and lessons learned by uk retailers!

Dixons should issue an update soon. I think the guy who bought 1.5 mln at 28.36 yesterday had good reason to buy.

Ahoj - 17th - next Thursday.

Vidacos Nominees > 6%

What does that mean?
Are there in private/small shareholders accounts?

Ahoj - Company Overview of Vidacos Nominees Limited

TS tomorrow.

Fingers crossed for the holders.

Warranties and electrical goods seller Dixons Retail (LON:DXNS) provides an update covering its fiscal third quarter, covering October, November and December.

Portuguese broker Espirito Santo is tipping a 6% increase in like-for-like (LFL) sales, “but with some negative gross margin mix from an increased weight of tablets and some additional operating cost resulting from increased staff in store to ensure new customers have a good experience.”

The broker also expects Dixons to make further price cuts over the next 12 -18 months to reduce the price gap with Amazon.

“For the Nordics & Northern Europe we estimate LFL sales increased 9%, almost as high as the 1H LFL sales growth of 11%, but with a negative impact on gross margin and a negative mix impact on margin as the growth in Denmark and Sweden outstrips that of the higher margin Norwegian business.

“For Southern Europe we anticipate a LFL sales decline of 9%, in line with the 1H. The bigger issue is what Dixons can do to dispose or restructure the business.

“Finally for Pixmania we forecast a 13% LFL sales decline, a deterioration of the -11% 2Q run rate as competition increases. But although we assume an operating loss this year of around £30m we assume this loss may moderate next year as management get to grips with the business following the change of ownership and makes a decision about the future of the business within the group.”

Trading Statement

Dixons Retail plc, Europe's leading specialist multi-channel electrical retailer and services company, today announces trading for the 12 weeks ended 5 January 2013.

· A strong performance over the Christmas period with like for like sales in key businesses up 7% as we continued to gain market share:

· UK & Ireland traded well with like for like sales up 8%;

· Continued strong performance in Northern Europe with like for like sales up 11%;

· Single-channel business PIXmania had a poor period impacted by the ongoing restructuring of the business, compounded by significant negative trends in its main markets.

· Progress continues on the restructuring plan to improve the financial position of the business.

· Group gross margins down 0.5%, primarily driven by product mix.

· Group Full year underlying profit before tax expected to be in line with market expectations of £75 million to £85 million.

A couple of Director buys @£27k each.

not much volume