Broker note - DSG
 
Fri, 1st May 2009
 
 

Broker note - DSG

Friday May 1st 2009

Pali International has re-iterated its 'Neutral' recommendation on DSG after the company's £310 million equity raising.

The broker says it had considered moving the company back to a 'Sell' rating but that it is instead giving DSG the benefit of the doubt at this stage on its strategy, ahead of any more news on the group's roll out of its new store revamps.

Following the recent rise in the share price to a current 42.5p Pali has raised its price target from 20p to 40p. This places the company on a PE of over 70x 2009/10 earnings, which the broker regards as disturbing, but says investors are looking beyond this year.

Share this article

Should your colleagues be reading the Retail Bulletin?
Let them know about us.

Receive free news alerts, click here
 
 
category Retail  |  source The Retail Bulletin
 
   
 
 
 
 
Thu, 9th February 2012
Edinburgh Woollen Mill pulls out of Peacocks talks
Edinburgh Woollen Mill has pulled out of the bidding process for Peacocks, Retail Week can reveal.

more >
 
Thu, 9th February 2012
Asda creates sustainability network for suppliers
Asda has signed a deal to increase sustainable practices in its supply chain.

more >
 
Thu, 9th February 2012
Co-op receives 64,000 enquiries for apprenticeship roles
The Co-operative Group has revealed that it has received 64,000 internet enquiries regarding its apprenticeship scheme.

more >
 
Thu, 9th February 2012
The Hut reports record sales
Online retailer The Hut group has posted soaring sales up 70% to £143m in the year to December 31, as the final quarter helped drive market share.

more >
 
Thu, 9th February 2012
Scottish Government sets out detail on 'supermarket tax'
The Scottish Government has revealed the proposed supermarket tax has been reduced, aiming to generate £15m less than originally planned.

more >
 
Thu, 9th February 2012
Games overseas portfolio may tempt GameStop
Game was due to receive first round bids for its overseas operations today and GameStop is likely to be among those interested.

more >
 
Thu, 9th February 2012
SuperGroup blames slow January on discounting
Retailer dismisses price-cutting and considers China for long-term growth

more >
 
Thu, 9th February 2012
Poundstretcher buys UGO in a pre-pack deal
The failed UGO discount store group has been sold to Poundstretcher in a pre-pack administration deal. The sale has saved 245 jobs at the 20-store chain.

more >
 
Thu, 9th February 2012
Talks resume over pay dispute at Primark Northern Ireland
Discussions over the pay dispute at Primark in Northern Ireland have resumed following Primark's agreement to talks and a decision by Usdaw to re-ballot its members.

more >
 
Thu, 9th February 2012
CSC's Potteries development gets council go-ahead
Capital Shopping Centres has received planning approval for a £14 million upgrade to the Potteries Shopping Centre in Stoke-on-Trent.

more >
 
Thu, 9th February 2012
ASA rejects claim by Tesco that Asda ad was misleading
The Advertising Standards Authority has rejected a claim by Tesco that an Asda advertisement was misleading.

more >
 
Thu, 9th February 2012
Retailers back scheme to promote sensible drinking
Major retailers are backing a scheme to promote sensible drinking by displaying signs in store that help shoppers understand how many units of alcohol are in their drinks.

more >
 
Thu, 9th February 2012
ACS calls for help for local shops
The Association of Convenience Stores has called for more help from government for local shops following the planned 5.6% rates increase this April.

more >
 
Wed, 8th February 2012
Town Centres: Crunching the numbers
The third and final part of these research papers examines being creative is all very well, but are the ideas affordable?

more >
 
Wed, 8th February 2012
Watchdog rejects Tesco complaint over Asda ad
Asda has been exonerated after a complaint from Tesco over a national press advert.

more >
 
Wed, 8th February 2012
Sage Pay bolsters multi-channel offering with new acquisition
The payment service provider has acquired Dublin-based card-holder-present solution supplier Integral Computers for €20m.

more >
 
Wed, 8th February 2012
Edinburgh Woollen Mill in the frame to buy Peacocks
Edinburgh Woollen Mill has emerged as one of the four bidders in the running to buy collapsed value clothing retailer Peacocks, Retail Week understands.

more >
 
Wed, 8th February 2012
Edinburgh Woollen Mill bids for Peacocks
Edinburgh Woollen Mill has emerged as one of the four bidders in the running to buy collapsed value clothing retailer Peacocks, Retail Week understands.

more >
 
Wed, 8th February 2012
Edinburgh Woollen Mill bids for Peacocks
Edinburgh Woollen Mill has emerged as one of the four bidders in the running for collapsed value clothing retailer Peacocks, Retail Week understands.

more >
 
Wed, 8th February 2012
Primark Northern Irish workers to be re-ballotted over strike
Primark staff in Northern Ireland are to be re-balloted by Usdaw over a possible strike after a technical oversight in the original ballot process left the union open to a legal challenge.

more >