|Bid||110.20 x 340600|
|Ask||110.35 x 37400|
|Day's Range||109.25 - 114.50|
|52 Week Range||90.00 - 195.00|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (6.09%)|
|1y Target Est||178.64|
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Dixons Carphone Plc plunged to a record low after warning of “significant” losses in its mobile business as U.K. consumers upgrade their phones less often and shift to cheaper contracts.The company, which sells phones and other electronic gadgets, said profits will be squeezed as consumers switch to shorter, more flexible deals. The deepening problems in the mobile arm compound the woes at Dixons after a data breach last year.The shares fell as much as 28%, the most since 2017. As of late morning they pared the loss to 13%.The company had warned in December that the U.K. mobile landscape was shifting. As upgrades to handsets become more incremental, the retailer is losing out on the former bonanza from shoppers rushing out to replace them every six months or so. It’s moving to cut costs by integrating the mobile and electronics businesses.“The market in mobile is changing and these changes are accelerating so we are accelerating plans to merge our two businesses,” Chief Executive Officer Alex Baldock said on a call.The problems at Dixons add to the woes on the U.K.’s shopping streets, where retailers are reeling from the shift to online shopping and the political turmoil over Brexit. Electronics chain Maplin is one of several chains that’s collapsed.Dixons said it is renegotiating contracts with wireless operators, some of which have required it to meet volume targets even if the company loses money on new customers. That will boost profit by 60 million pounds ($76 million) this year, Baldock said, and lay the groundwork for improved results in the following two years.Online ShiftIf Dixons can harness e-commerce more effectively, it could see profits rebound, said Julie Palmer, a partner at restructuring specialist Begbies Traynor.“First it will have to tackle the falling demand for new mobile-phone contracts, as consumers continue to delay the purchase of major white goods until there is greater confidence in the economy,” she said.While full-year earnings before interest and taxes met analysts’ average estimate, Dixons predicted adjusted pretax profit this year to be around 210 million pounds, roughly 30% below market expectations. The retailer recorded costs of 20 million pounds for last year’s data leak.“Analysts were not expecting such a steep cut to profit guidance, although the share-price decline over the past year or so indicates that the market more generally was expecting further bad news,” Liberum analyst Adam Tomlinson said by phone.(Updates with analyst comment in eighth and ninth paragraphs)\--With assistance from John Lauerman and Luca Casiraghi.To contact the reporters on this story: Eric Pfanner in London at firstname.lastname@example.org;Ellen Milligan in London at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
No surprises this morning when Dixons Carphone reported it had tumbled to a full-year loss. While the statutory pre-tax loss for the year to April was £259m, its “headline” pre-tax number was a profit of £298m. In the new financial year, headline pre-tax profits are set to dip to £210m.
Dixons Carphone warned of “more pain” for its mobile division beyond a significant loss this year, as demand waned for the traditional monthly phone contract. The group’s share price plummeted nearly 25 per cent to a decade low in early London trading on Thursday — before recovering — as it also revealed a sharp fall in overall profits in the year to April. and Carphone Warehouse, the retailer is battling to adapt to changing trends as consumers upgrade their mobiles less frequently and buy Sim-only deals rather than monthly contracts.
Dixons is contending with a one-two hit of structural shifts: the move online for electricals retailing, and a slowdown in handset sales at its mobile phone division. Fears of a further dividend cut are understandable but improvements to free cash flow make it unlikely. Freedom from these network deals by 2021 should allow Dixons to focus on the customer finance it thinks will drive future profits.
● Dixons Carphone hit a record low on a profit warning, which it blamed on losses at its UK mobile operations. The electronics retailer cut its current-year headline profit before tax guidance to £210m, 30 per cent below consensus. Accelerating changes in the market for mobile phone contracts suggest the division will take two years to reach break-even, with a loss of about £90m expected for the 2020 financial year, Dixons warned.
If you own shares in Dixons Carphone plc (LON:DC.) then it's worth thinking about how it contributes to the volatility...
Stocks with market capitalization between $2B and $10B, such as Dixons Carphone plc (LON:DC.) with a size of UK£1.6b, do not attract as much attention from the investing community as do the small-caps and large-caps. While they are...
The Financial Conduct Authority (FCA) said the company's Carphone Warehouse did not give its staff the right training to give proper advice to customers purchasing the service and were trained to recommend it to customers who already had cover. "Carphone Warehouse sales staff were trained in 'spin selling', where the focus was on persuading customers to purchase Geek Squad and on selling the features of the product," the FCA said http://bit.ly/2Hs9Mby.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Dixons Carphone plc (LON:DC.), which is in Read More...
By Shashwat Awasthi (Reuters) - Britain's FTSE 100 posted its worst day in nearly a month on Tuesday as renewed global economic slowdown worries sparked a sell-off across the U.S., Asian and European markets ...
Neither Elliott nor Dixons would comment on Tuesday, and the Sky story said the fund’s investigations might come to naught. But there are several reasons why such a move would make sense. Shares in Dixons have fallen about 30 percent over the past year, as the retailer parted ways with its chief executive Sebastian James.
Dixons Carphone (DC.L), Britain's biggest seller of electricals and mobile phones, said it was in good shape to operate effectively in all Brexit scenarios, including the country leaving the European Union without a deal. Business leaders have warned of chaos at ports if the UK does not agree on terms for its withdrawal from the EU, now just over two months away. If there is, we are as well prepared as we can possibly be," finance chief Jonny Mason told reporters on Tuesday after the firm updated on Christmas trading.
Shares in British electricals and mobile phone retailer Dixons Carphone rose as much as 7.6 percent after Sky News reported that activist investor Elliott Advisors is exploring plans to buy a "big stake" in the firm. It said Elliott has been undertaking detailed analysis of Dixons Carphone's finances for several weeks and might want the firm to sell off its Nordic and Greek businesses. A spokeswoman for Elliott and a spokesman for Dixons Carphone both declined to comment.
LONDON (Reuters) - Shares in British electricals and mobile phone retailer Dixons Carphone (DC.L) rose as much as 7.6 percent after Sky News reported that activist investor Elliott Advisors is exploring ...