DFI Retail Group Holdings Limited (Sing.Reg) (DFI)

$ 4.37
   
  • Change Today:
    $0.00
  • 52 Week High: $4.3
  • 52 Week Low: $4.3
  • Currency: US Dollars
  • Shares Issued: 1,353.65m
  • Volume: 0
  • Market Cap: $5,916m

N Brown Group non-exec takes stake in company after share price falls

Date: Thursday 10 Oct 2013

LONDON (ShareCast) - Simon Patterson, Non-Executive Director of N Brown Group, has taken advantage of the recent decline in its share price to acquire 10,000 shares in the online and catalogue retailer.

Patterson bought the shares, his only holding in the company, at 463.54p for a total spend of £46,354.

The previous day the group revealed that first-half profit before tax came in at £45m, some 3% below broker Citigroup's forecast of £46.3m, due to a worse-than-expected margin performance, which offset better like-for-like sales growth.

Adjusted earnings per share were broadly flat, up just 0.6% at 12.55p, although the group did post an 8% rise in revenue and 5.9% increase in operating profits in the first half.

Citi retained its 'neutral' rating and 488p target price, saying that strong top line growth at N Brown is being predominantly driven by Home & Leisure sales with little sign of improvement in the core Womenswear category.

"The interim results were the first opportunity for new Chief Executive Angela Spindler to give some thoughts on the business and strategy. We came away still thinking the investment debate hinges around further clarity on a number of fronts," Citi said.

On the one hand, the bank said Spindler brings "fresh thinking" about consolidating sub-brands, focusing marketing around key brands, concentrating international efforts on the US and improving the display of products.

"However, the overview was not enough for us to form a fully informed view on how N Brown’s strategy is likely to develop. We do think that without deviation from the current path the chance of earnings upgrades is slight given the lack of operating leverage being seen in the business despite accelerating top line trends," the broker said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

DFI Market Data

Currency US Dollars
Share Price $ 4.37
Change Today $ 0.00
% Change 0.00 %
52 Week High $4.3
52 Week Low $4.3
Volume 0
Shares Issued 1,353.65m
Market Cap $5,916m

DFI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DFI Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 17-Aug-23
Paid 15-May-24 11-Oct-23
Amount 5.00¢ 3.00¢

Trades for --2024

Time Volume / Share Price
0 @ $0.00

DFI Key Personnel

Chair Benjamin William Keswick
CFO Clem Constantine

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