Dsg Dips Despite a Change of Heart From Pali Sceptic [Edition 2]

Summary


RETAIL analyst Nick Bubb has been a bear of High Street electrical retailer DSG International for more years than most of us care to remember. Now, he has had a change of heart.

The shares, which dropped below 10p just before Christmas, lost an early lead to trade 3/4p cheaper at 21p despite Pali International's Bubb raising his recommendation from sell to weak hold, with his target price and sum-of-the-parts valuation increased from 16p to 20p.

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Extract


Dsg Dips Despite a Change of Heart From Pali Sceptic [Edition 2]

Exasperated DSG shareholders may at least see it as a step in the right direction.

Ten years ago, DSG -- or Dixons as it was then known -- traded at more than 300p a share. Bubb's move follows a pr...

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