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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Carphone Warehouse - 172p special dividend

March 2012

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:
  • 169p
In its Q3 update Carphone reiterated that it will meet full year expectations. Like-for-like revenue was down 4.7%, with total sales down 16.6%. More encouraging is that the rollout of the Wireless World stores is on track, with 294 trading at the period end. Virgin Mobile France (CPW: 47% stake) continues to attract quality customers, with postpay customers now 70% of the total. This drove Q3 revenue up 15%, to Eu. 109m. Elsewhere, Best Buy UK has seen all 11 stores closed down. Carphone has now gone ex the 172p a share special dividend from the sale of Best Buy Mobile US, which taken with the current price of 169p, makes for a gain on our main recommendation at 191p in June ‘10, of 79%. We re ...

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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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