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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Carphone Warehouse - De-merger still on track

February 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CPW
  • Price:
  • 198p
Carphone Warehouse remains on track to de-merge Best Buy Europe and TalkTalk by the end of March.Trading in Q3 has been strong, with Carphone now expecting headline eps to be at the top end of its previous guidance of 14p-15p. In particular, its 50% owned share in Best Buy Europe is now expected to achieve £40-£45m net income, well ahead of previous guidance for £30-£40m, helped by a 5.5% increase in Q3 like-for-like revenue and earlier cost cutting. The UK performed particularly well with 6.3% underlying sales growth, while the first “Big Box†stores are expected to start opening in the Spring.Meanwhile, TalkTalk, which provides fixed-line telecom services, also performed well with revenue increasing 29% to £446m, ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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