I Read The News Today Oh Boy! 14-Mar-2019

Thursday, Mar 14 2019 by

Morning all!

DFS Furniture ( DFS Furniture (LON:DFS) ) – 236p – £500m – PER 11.5

Interim Results For The 22 Weeks To 30th December 2018 – A mix of numbers here but looks like Revenue is up, with PBT and EPS doubled (or thereabouts). The Interim Dividend is unchanged (at 3.7p). FY profit expectations are unchanged.

Certainly more attractive than previously, I will wait and see how the FY looks.

Jarvis Securities ( Jarvis Securities (LON:JIM) ) – 495p – £54.2m – PER 15.6

Results For The 12 Months To End December 2018 – Revenue up 5% or so, PBT and EPS both down -2%, Dividend up 4%. Last 6 months performed well, new fee tariffs and no new regs to accommodate. Outlook seems optimisitc enough.

Not much interested in getting on board here at the moment.

Kin And Carta ( Kin and Carta (LON:KCT) ) – 94p – £144m – PER 8.8

Interim Results For The Period From 4th August 2018 To 31st January 2019 – "Pillars" struggling it seems, Revenue down -5%, PBT down -4% and EPS down -9%. Net Debt stands at £33.3m. On track to meet the Board's FY expectations for Adjusted PBT.

I still can't justify looking into this in any more detail at present. 

As always, all comment most welcome!

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DFS Furniture plc is an upholstery retailer in the United Kingdom. The Company is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The Company's segment is engaged in the retailing of upholstered furniture and related products. Its other segments comprise the manufacture and distribution of upholstered furniture. The Company offers approximately 10 unit types per range, and a range of materials with approximately 50 colors available. Its branded upholstery ranges include Capsule Collection and Grand Tour. The Company operates approximately 100 retail stores in the United Kingdom, the Republic of Ireland and the Netherlands, an online channel, and approximately three upholstery factories in the United Kingdom. The Company's subsidiaries include Diamond Holdco 2 Limited, Diamond Holdco 7 Limited, DFS Furniture Holdings plc, DFS Furniture Company Limited and Coin Retail Limited (Jersey). more »

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Jarvis Securities plc is a United Kingdom-based holding company. The Company is engaged in the provision of stock broking services and all revenue is derived in the United Kingdom. It provides retail execution-only stockbroking, Individual Savings Account (ISA) and Self Invested Personal Pension (SIPP) investment wrappers, savings schemes, and financial administration, settlement and custody services in all these areas to other stockbrokers and investment firms, as well as individuals. It offers Dial-n-Deal - for clients wanting to open an account over the telephone and sell shares in certificated form. Its sellmysharecertificates.com is a share sale postal service. It also offers outsourced services to investment professionals and other financial intermediaries. Its subsidiary, Jarvis Investment Management Ltd, is an outsourced investment administration and Model B settlement services provider. more »

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  Is LON:DFS fundamentally strong or weak? Find out More »

1 Post on this Thread show/hide all

MrContrarian 14th Mar 1 of 1

My morning smallcap tweet:

Debenhams (LON:DEB), DFS Furniture (LON:DFS)

Debenhams (DEB) doesn't tell Mashley to stick it for once. It will consider his rival offer of a £150m, unsecured 12 month loan. He is a man obsessed.
DFS (DFS) H1 rev up 29%, 10% pro-forma adjusted to include the acquisition of Sofology. EPS 5.2p (2.3p). Underlying pro-forma EPS up 90.0% to 5.7p. H2 order intake down though. Nevertheless FY profit expectations unchanged. I'm short.

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