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Results: CURY

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Carry on Currys. It could Recover the November Share Price as the World's Still Switched on to Technology

Hello Share Seers. I’ve not recommended Currys (CURY) before and these strange times don’t usually warrant a recommendation for retailers. Nevertheless, I like Currys and a lot of other folks seem to as well, and so the stores should still do ok despite the rising cost of living. The truth is that people like their laptops, speakers and tellies and there aren't so many other sellers of these technological winners around these days. Some have gone belly up.

Currys is not AO World (thankfully) and what will Wood Group’s new CEO say?

Back in January I wrote that “if you see Currys (CURY) shares at or below 100p…then buy them!”. A month or so later I did buy a few at about a 90p level. Naturally that has not worked despite the company being a thousand times better than AO World (AO.), something I am sure all you long/short investors would have observed. Still - on the former - it was good to see today’s full year numbers observing “a stronger Currys, doing more to help customers”, along with profit, free cash flow and negligible debt (in complete contrast to AO World naturally). However, naturally also, prospects for the year to April 2023 are somewhat lower than the year being reported on.


Currys…lots of worries?

If I was even more of a sad sack than I actually am, I would find on the internet one of those ‘Currys…no worries’ adverts that used to try to convince you to buy some new tech, lounge or kitchen product. However, judging by today’s 10% fall in the Currys (CURY) share price, taking it back to the c. 110p level it was at a year ago, I would say ‘Currys…lots of worries’ would be more apt.

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