Hobson: Dixons Carphone Shares Make Me Nervous

THE WEEK: Morningstar columnist Rodney Hobson reflects on an improving outlook for Dixons Carphone, but can't bring himself to top up his share holding

Rodney Hobson 7 September, 2018 | 12:26PM

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Investing is, by its very nature, an inexact science. When things go badly, it is generally right to fear, as the market does, that more bad news will follow. There are occasions, though, when the pessimism is overdone and even moderately poor figures can spark what seems like an unjustified rise in the shares.

After taking a fair bashing over several months, with a fall from 235p to 165p, Dixons Carphone (DC.) shares rose 3% on news that like for like sales were flat in the 13 weeks to 28 July: flat in UK and Ireland, flat in Scandinavia. Only the smaller Greek market showed decent improvement, a reflection of the improved economic situation there.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Dixons Carphone PLC141.15 GBX1.84
Go-Ahead Group (The) PLC2,190.00 GBX2.62
Greene King PLC  

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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