At the time of writing, shares in DSGi, the company formerly known as Dixons, are down to less than 50p. This is lower than I can ever remember  - and I go back a long, long time.

This means that the company has a market capitalisation of around £850m.

As this is just 10 per cent of the company’s revenue, it seems to suggest that the shares are undervalued.

Over the last few weeks, I have noticed a big improvement in the PCWorld and Currys stores and I shall be writing about this in ERT Weekly next week.

I really find it hard to believe that DSGi shares will not recover from their current low value.