Actually we think DC shares are going down for now. This is because they are clearly exposed to UK discretionary spend and as a low margin model with correspondingly high operational gearing, this is likely to result in further forecast reductions for the near years in our view.
24 Jun 2019
Interesting, But Not This Year
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Interesting, But Not This Year
Currys PLC (CURY:LON) | 61.1 0 0.0% | Mkt Cap: 692.3m
- Published:
24 Jun 2019 -
Author:
Tony Shiret -
Pages:
9
Actually we think DC shares are going down for now. This is because they are clearly exposed to UK discretionary spend and as a low margin model with correspondingly high operational gearing, this is likely to result in further forecast reductions for the near years in our view.