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Hi EJ,
The market is a tad more complex than that with many things affecting the share prices of retialers and manufacturers. For now the price of raw steel is driving up production costs and profits down, so that is having a direct affect on the manufacturers as a whole.
When it comes to DSG, bear in mind that whilst Currys retail whitegoods they also have PC World which affects the share prices quite dramatically at times, retailers in other countries like the recent purchase of a Greek electrical chain which will, naturally affect the shares and they are closing down a whole load of Dixons branded high street stores.
Dixons Group is not such a good example as they’ve had a kicking on the market of late due to many of the factors above.
MFI have also, at great cost, introduced new systems to the organisation and that (from what I can gather) led to the profit warning but that is a temproary situation and not a fair long-term outlook as all shareholdings should be.
As with most shares there are often a plethora of factors that affect the pricing with many not always easily percievable without a good working knowledge of the industry as a whole, just like many other sectors.
K.
Re: Diplomat ADP 8132 – anyone want mine?
You also have to factor that only 4{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} ish of new appliance sales go wrong in the first 12 months…..so service to a manufacturer should be costable in terms of the sale price/ volume..etc
However Dixon’s best profit margin is probably on the back of the after sales insurance, which is under close scrutiny at the mo by the oft and others. Without the profit generated by these sales it would be interesting to see in which direction Dixon’s share price went.
kevin
spot on Kheath. Insurance has come under close scrutiny and without it the DXNS groupd would be stuffed. The rise in sp for dxns is due to closure of unprofitable high street presence and concentration on out of town sites with parking and cheaper retail space.
All a question of management of risk.
Siemens d/w has been installed this morning and is scrubbing up the breakfast plates as I write.
Re: Diplomat ADP 8132 – anyone want mine?
ej tread carefully the said engineer could also be a member of whitegoods and be the seimens engineer M
Thanks machineman….. a point I have considered. In such circumstance I would seek evidence that he had completed a course with Siemens and had specific product training which was certified before letting him loose on my d/w.
Mind you, I feel that my first port of call actually would be this site – at least contributors give advice which appears knowledgeable and gives the ordinary punter the opportunity to put the engineer on the spot.
5 years warranty has been purchased so I hope that I do not need to persue a claim.
Re: Diplomat ADP 8132 – anyone want mine?
Oh EJ….
The 5 year warranty… you get a Bosch/Siemens engineer in the first year for sure – the extended warranty will be through an insurance company, which means a work provider, which means a service provider; SO you may well meet your last engineer again!
Look, a lot of independants started off as company engineers – did the training courses, learnt it all and finally went on their own when company conditions became intolearable – for one, I did! With a good grounding, repairs to other machines are a matter of logic – they are, after all, all variations on the same theme!
Where it all goes wrong is that people are not coming into the service industry (if you ever get tired of stockbroking…… ), those of a more youthful disposition may well lack the company grounding and hence the skills to diagnose logically. 5 timers in your ADP8132 in 2 years? It doesn’t happen! I know these machines well and have NEVER fitted a programme unit to one – faults are always water level control and heater circuit problems – because of the water level problems. Oh, and blockages. Mustn’t forget them.
It’s worth bearing in mind that Bosch are advertising for engineers at present; surprising as they are generally well paid, trained and provided with spares and equipment. Really all rather worrying for the future.
Still, if you hit lucky with your independant engineer, their broad experience can’t be beaten!
We’re at the stage in Leeds where of the 35-40 engineers working the area, there are only 4 of us who actually repair dishwashers!
This is part of where this site comes into its own. In the Trade sections there are several Help forums which we all use to try and solve problems. After years at this, you think you know it all, but information is freely and willingly shared – even the obvious! I can’t recall anyone being called a prat for their lack of knowledge yet!
Maybe there’s hope for us all yet!
Regards,
Penguin45.PS – Your handle has been nominated as funniest on site so far – nice one!
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