Considering Henderson gave them 5 million GBP in this market (at above market rate) indicates that the books must be good. No downgrades also.
The Carphone Warehouse deal demonstrates how they are integrating further into Dixons. Expansion into other countries can't be too far off and will be relatively cheap.
This will fly soon, people are trading on the uncertainty but the next six months will be huge.
I wonder if they will return to Australia in a limited capacity.
TSM Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
