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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dixons Carphone - Merger synergies to be delivered a year early

October 2015

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:
  • DC.
  • Price:
  • 428p
Since our update last November the shares have climbed to a high of 484p before pulling back. This reflects strong full year results for the year ended 2 May, showing pretax profit rising 21% to £381m and eps increasing 24% to 25.5p (beating forecasts of 21p). Like-for-like revenue increased 6%. Net debt was £260m but it has £615m of headroom.The year was dominated by the integration of Dixons with Carphone Warehouse and the exciting thing is that expected synergies will now be delivered a year early in 2016/2017 and could exceed the initial £80m target.But trading is also strong. In the UK & Ireland like-for-like sales rose 8% reflecting strong performances in electricals and mobile and the roll-o ...

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Dixons Carphone (March 2018)
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Dixons Carphone - Merger breathes new life into shares (November 2014)

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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