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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kesa Elect. | KESA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 42.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.75 | 42.75 |
| 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 26/10/2011 09:20 by corrado8 If Kesa get delisted what will be the value of the share????as I hold 40.000 of them,any advice?Thanks. |
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 02:49 by bobsidian I just get a bit wary when there is so much doom and gloom about equity markets. Much selling has not been share specific as fund redemptions accelerate a decline in indices.You look at DSGI, HOME, GMG, etc. and they have already experienced precipitous falls to extraordinary levels. Then you look at the charting patterns of MKS, KGF and KESA and see they have held up quite well relative to the aforementioned. One look at the sector indices of household goods (NMX3720) and general retailers (NMX5370) suggests that the major fall may yet be about to happen. And that major fall is likely to take down the best of the rest. The comparative strength of the balance sheet of KESA appears to have shielded it from the precipitous falls of its competitors. But as you say, that may about to change. The best are usually the last to fall in a stockmarket sell off. |
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 09/5/2011 08:47 by tonysss13 DJ MARKET TALK: Kesa Rises On Talk Of Interest From PAI0730 GMT [Dow Jones] Kesa Electricals (KESA.LN) up 4.4% at 143.1p, after jumping over 7% in opening trade, on market talk private equity group PAI Partners is considering a bid for the company, a London-based analyst says. The group will update on fourth quarter trading Thursday. PAI was not immediately available for comment. Kesa has been struggling of late, and warned on FY profits in January. Activist investor Knight Vinke has also been building a stake in the company. (kathy.gordon@dowjon |
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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