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Ash4781

Dixons Interim Loss Narrows

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http://www.bloomberg.com/news/2010-11-25/dixons-retail-first-half-loss-narrows-on-world-cup-apple-s-ipad.html

Dixons Retail Plc, the U.K?s largest consumer-electronics retailer, said its first-half loss narrowed as the World Cup boosted sales of televisions and people bought Apple Inc. iPads. The net loss was 4.9 million pounds ($7.7 million), or 0.1 pence a share, in the 24 weeks ended Oct. 16, compared with 17.8 million pounds, or 0.5 pence, a year earlier, the Hemel Hempstead, England-based retailer said today in a statement. Sales at stores open at least a year rose 1 percent.

...Dixons shares climbed 1.46 pence, or 5.8 percent, to 26.6 pence in London trading yesterday. The stock has dropped 27 percent this year, more than the 3.6 percent decline of the 17- member FTSE 350 General Retailers Index.

There is a note re the revamped stores. No real significant recovery, and that share price looks low.

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I hate loss making business that limp on. They take up valuable space that someone else could potentially make a success of not to mention they push up & help keep rents high.

For ex I know one business that is bleeding about 1.5k to 2k a week. They are in a prime location and pay over 100k rent. The business model for that location is wrong their product will not sell at a profit.

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I hate loss making business that limp on. They take up valuable space that someone else could potentially make a success of not to mention they push up & help keep rents high.

Just another benefit of ZIRP. Rather than loss-making debt-riddled companies being put down quickly when they fail to make interest payments, they can struggle on slowly destroying capital for year after year.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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