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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kesa Elect. | LSE:KESA | London | Ordinary Share | GB0033040113 | ORD EUR0.30 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 42.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 42.75 | GBX |
Kesa Electricals (KESA) Share Charts1 Year Kesa Electricals Chart |
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1 Month Kesa Electricals Chart |
Intraday Kesa Electricals Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/8/2012 | 14:34 | KESA | 162 |
| 06/7/2012 | 19:36 | In a World not too far away:The King is Dead,Long live the Kesa | 307 |
| 22/3/2006 | 15:29 | HMV Bid to be announced after market today or tommorrow...wit a new bidder on th | - |
| 31/3/2004 | 07:14 | kesa | 3 |
| 10/10/2003 | 09:58 | extended warranties | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/7/2012 19:36 by crosswire Analysts were generally downbeat about the business. Richard Cathcart at Espirito Santo issued a sell note and said:The statement notes that a progressive dividend policy will be resumed once the trading and cash positions allow we think that there is a possibility that there will be no dividend growth in the near future. With market conditions likely to remain tough and highly competitive in both France and Southern Europe we are concerned that cost savings will not be enough to offset falling sales. We think that consensus forecasts are too optimistic for the year ahead given recent trading trends in Europe. We forecast another year-on-year decline in pretax profit to 41m, whilst consensus is looking for broadly flat we think earnings downgrades will take the stock lower. At Seymour Pierce Freddie George said Kesa is a pure play on the European consumer, and France, in particular. Unfortunately, the European financial crisis and the implementation of austerity packages across its markets means consumer demand is likely to remain weak. We maintain our sell recommendation although there should be some speculative support from shareholder, Knight Vinke, which holds 25% of the equity, undertaking further stakebuilding. We are also retaining our price target of 45p as we continue to believe a discount to sector valuation is more appropriate. |
Posted at 30/1/2012 20:30 by diku Glad to see Kesa geting rid of Comet....some of the staff do have an attitude problem... |
Posted at 03/1/2012 13:19 by horneblower What are the downsides? |
Posted at 24/10/2011 17:01 by attrader interesting , i thought that delisting news would have negative effect on the share price . So, trying to understand share price action. Is it due to comet sales and expectations of special divi or does it always happen with companies delisting from Ftse ? |
Posted at 24/10/2011 16:04 by liam1om LONDON (SHARECAST) - Kesa Electricals saw its share price rocket on rumours that it is to delist from the FTSE index. In a report from the Sunday Telegraph, Kesa is set to leave the London Stock Exchange and is also considering changing its name following the sale of its UK retail chain, Comet. |
Posted at 21/8/2011 20:38 by markt Adjusted EPS 10,9c (9.6 p)Reported EPS 6c. (5.3p) If give it a P/E of 7 then 7 x reported EPS gives 35p. If 7 times adjusted EPS then 67p. And profit numbers for this year will be bad imo with Comet having a hard time....and Spain and Italian branches...and getting worse imo....economic growth and spending has been in downward trend... === Profit A.T fallen from 43M to 31M !! (euros) And finance cost of 14M If profit falls to 20M then the finance cost becomes a big worry.....very high % of PAT. And staff costs are 875M......the risk to the profit is massive.....tiny changes in sales or margin and the staff costs and operating costs will wipe out the profit or make it a loss. And pension deficit will have increased imo. And if any lay offs that will be one off costs. And if property value write downs that will be a hit to the accounts. Comet sales were down 7% like for like ! Could be more this year. Would produce a greater loss imo. High shop costs still there. Last year margin reduced....likely again this year. 5.9Bn in sales and only 31M PAT. Tiny %. But fixed costs are a high % of the sales. Wow !!....that is very worrying in a falling retail market...... you could cough and the PAT would go negative. ==== 2Bn E. assetts. Reduce by 125M for intangibles and reduce plant etc by 50% due to the crisis (retail property values have crashed imo, perhaps more than 50%. 565 to say 300. Gives 1,6Bn real assetts. Liabilities 1.8Bn E. -ve assetts of 400Mn....with cap. value of around 550M. -ve assetts is high % of cap. value. AND lets assume that COMET is sold for 0 pounds and 100M pounds to take it away... assetts then gets reduced by say 40%...to 300M and then lets reduce the remainder by 56M to get 200M.....and increase pension deficit by 50M..... and sell off Italian/Spanish parts for 0 reducing assetts by another 50M say.... then get 1,9Bn -100M-256M-56M -50M -50M = 1,3Bn approx. real assetts and 1.8Bn liabilities (some already included in assetts calcs) -ve equity of 500M.....approx. the same as the cap. value NOW. Half the cap. value to 250M (easily happen imo, share price is collapsing) then the -ve equity is DOUBLE the cap. value. NOT good ! and bankers wont like it very much....especially since one part of company is currently making losses !!...and trading in last quarter was BELOW EXPECTATIONS !!...ie. getting worse... Not a pretty scenario imo.....the reason that the share price has been falling to quickly....and with big volumes....big holders are getting out.... ==== and with such a small % margin...and not enough cover for the borrowed assetts in shops but not yet sold....suppliers could easily start to worry and alter their terms hitting the small margin....or require insurance cover for payment which would hit the margin... ==== Oh, and if Comet is sold....how will the financing of the unsold good be done ? Any possible buyer has enough finance to act as a g'tee ? Not many around could do it imo. 782M of total inventories...say 300M for Comet. And 1.2Bn of trade payables. Not many buyers around that can take on that type of number. === Worrying as well that payables 1,2Bn is much more than receivables + inventories. 1,01Bn Why ?!! It is 200Mn -ve but it should be positive imo !! Infers they have sold stuff and not passed the money to the suppliers imo !!...ie. a debt that they did not want to pay....and one assumes that they can not pay... === And !! Total shareholder funds. 200M approx. well...if remove intangibles....and make other adjustments as I have done above....then you can see that current shareholder funds is in fact negative...... ==== And from the calcs. made higher up....imo the money to pay the divi may not be there...37M euros. Ah, people who invest for dividends....don't ya just love 'em !.... |
Posted at 20/8/2011 18:33 by markt and...(noting I'm not a chart expert)....on the charts....in last 4 or 5 days....it has opened lower than it closed the day before !! negative signal imo and on last 2 days.....there is a wick below the candle body and very little above....showing it was quite happy to go lower during the trading day....no buyers were there to stop it...and that is after falling approx. 10p or 10 % !! ie. no big buyers buying 'cause they think it is dirt cheap....none... and big volume on Thursday...6M....tha On Monday and Tuesday....depends a lot I guess on what the FTSE does....since large cap. so computer trading linked to FTSE index... but also any other news from retail sector.....or TV sales area...or any -ve French or UK retail sales... or maybe a broker will issue a downgrade....that would really cut the share price... |
Posted at 19/8/2011 18:58 by bobsidian I think you are looking for the survivors in the retail sector. KESA may - and I do stress may - be one. KESA is all about the strength of its Darty operations and little about the UK operations. The UK operations contribute 30% of total sales but less than nothing to overall profitability. But at this price KESA looks tempting at least for a near term bounce. The danger comes if the £1 level breaks and down may whoosh the share price to go in search of its 2008 lows. Given what is erupting around Europe not necessarily a share to be holding on release of its Q1 IMS on 15 September. You do have to wonder at what Knight Vinke are doing upping their stake to 20%. |
Posted at 18/8/2011 13:39 by markt good chance we could be calling "timber" on this today !!also a chance it might bounce.... in any case.....not a share to be long on in my view....due to the risk of price collapse.... and if doesnt happen today....not long to wait imo.... nothing g'teed of course....but the chance of KESA saying that whole retailer sector is having a bad time in UK and Spain and Italy (where KESA also operate) but that they have done fantastic in last 3 weeks is nil imo |
Posted at 19/1/2011 14:33 by spob from FT Alphaville markets live todayNH back to the retailers NH some pretty dismal figures from Kesa today Kesa Electricals Plc (KESA:LSE): Last: 137.30, down 13.5 (-8.95%), High: 142.50, Low: 136.90, Volume: 4.91m BE Comet's the problem, right? NH yes NH France was OK NH but Comet dragged them down NH results will be toward the low end of expectations NH not sure what the future is for Comet NH does it have one? BE Too expensive to close, apparently. NH really NH can't they just walk away NH hand the keys back NH do a pre pack NH relist in France BE Is it that easy? The sellside are not convinced. NH right let's have a look at the Comet numbers NH (urgeview I would have spread it around a bit and wouldn't have had it all in cash. Half would have been put in GKP for a start) NH Kesa (Add recommendation under review): A shock today that Kesa has brought forward its Q3 statement from next month and issued a profit warning, based on very poor trading at Comet in the UK and also in Spain. The activist shareholder Knight Vinke, with an 11% stake, will not be pleased, despite the strong balance sheet and solid trading in France. The statement that UK trading has softened significantly since the VAT rise on Jan 4th (despite a soft comp that week vs snow a year ago...) will also spook the market about the outlook for other big-ticket retailers, including Dixons (Neutral) and on the read-through we reiterate our Reduce view on Home Retail (210p target). We have our 175p target on Kesa under review...The conf call at 7.45am focused on store downsizing and other cost reduction plans for Comet, but it is disappointing that the business will be in a small loss for the year NH that was from Nick Bubb NH and this is from the company NH who are blaming snow NH obviously NH Comet delivered record trading from Boxing Day through to the New Year weekend, but this strong performance failed to offset the weaker sales seen early in December due to competitive trading and adverse weather conditions. Overall revenue for the period declined by 6.5 per cent in local currency and by 7.3 per cent on a like-for-like basis. Gross margin declined by c.140bps reflecting the highly promotional nature of the market over the period. Web-generated sales grew by only 3 per cent, reflecting some disruption during the introduction of the new software platform in November. Since the introduction of the VAT increase on 4 January we have so far seen sales trends soften. In the light of these factors we are now anticipating that Comet will deliver a small retail loss for the year. BE So it looks pretty obvious that Comet's losing market share. NH Hang on NH Web-generated sales grew by only 3 per cent, reflecting some disruption during the introduction of the new software platform in November. NH didn't that hit Dixons too NH are they using the same software? BE Hm. That is curious. BE Why did both major retailers decide to refresh their websites in November? BE And they both made a bork of it? NH hmm NH sounds very odd NH anyway NH more to say on this NH or not BE Hang on quick comment from Merrill then let's push on. BE The earnings downgrades that we have put through for both Kesa and its competitor Dixons recently continue to support our negative view on the electricals sector and highlight that the structural pressures on electrical retailing (overspacing, online penetration), particularly in the UK, are increasing. Having said that, we are aware of the strategic value of Kesa with Darty France accounting for an estimated c.130% of the group's profits this year, and that Kesa's attractive net cash position and c.300mn of real estate make it screen well on LBO models. However we think this risk is already partly reflected in our revised PO of 150p (based on a SOTP), implying a 12.1x cal.11e P/E, a premium of 20% to the UK General Retail sector. BE Interesting figure that. Darty provides 130% of the group profit. NH yes NH very |
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