ANALYST VIEWS: WHAT DID YOU MAKE OF CARPHONE’S RESULTS?
NICK BUBB | ARDEN PARTNERS
This was meant to be “D-Day” for the heavily loss-making Best Buy UK but, slightly pathetically, CPW has said that it has not made up its mind what to do with it yet. Maybe that just means they are waiting for Kesa to reveal their hand on Comet first. Fortunately the US joint venture is still going gang-busters.
KEITH BOWMAN | HARGREAVES LANSDOWN
High end earnings and the introduction of a dividend have been counterbalanced by a lack of strategy update for the UK electricals business. This appears to have dragged on the share price today. Nonetheless, hopes for the US mobile operations remain high.
MANOJ LADWA | ETX CAPITAL
Carphone Warehouse seems to have hit a hump in the road as it struggles to meet targets on its joint venture with Best Buy. Given the tough trading environment in the UK, the mobile phone retailer seems to have lost its momentum.