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
Facebook Twitter LinkedIn

commuter retailer footfall world cup train transport

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.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Dixons Carphone PLC134.30 GBX-3.80
Go-Ahead Group (The) PLC970.50 GBX1.94

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.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement