Analyst Views: Do Dixons’ results bode well for its merger with Carphone Warehouse?

 
Kasmira Jefford
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KATE CALVERT | INVESTEC
The results confirmed the business remains in great shape ahead of the proposed Carphone merger… We see strategic logic in the merger given the way the industry is moving, with increasing convergence in technologies and interconnectivity. We maintain our ‘buy’ rating.

JOHN CUMMINS | WH IRELAND
The prelims read well, demonstrating both a positive trading and cash performance. The share price has performed strongly over the past couple of years, having made excellent progress and we view the tie up with Carphone as a positive move in this dynamic market place. We maintain our ‘buy’ recommendation.

FREDDIE GEORGE | CANTOR FITZGERALD
These results are largely irrelevant while management is focused on successfully completing the merger with Carphone Warehouse. Encouragingly, it was confirmed yesterday that the merger had received EU clearance… We believe the deal will be beneficial to Dixons.

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