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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 21/8/2011 03:57 by bobsidian Stockmarkets have a knack of defying what could be construed as received wisdom that further precipitous falls are yet to come. Quite a few technical analysts are looking at 2007 rather than 2008 and are suggesting that a move higher to at least test the recent highs could occur from mid-september to the end of the year. But even they suggest there may be further selling to come with the world's market leading index - the S&P500 - moving down to test the 1,020 level seen in June 2010. Such a move could see the FTSE100 drop down to around 4,500.However, some of the more positive technical analysts have a different view. They note that the S&P500 is testing relatively significant and historic support at the 1,120 level and the move down to once more test this level could potentially be a set up for another sharp rebound. The unknown is the pace of fund redemptions which see the good shares being dumped along with the bad. When such redemptions occur at pace they make a mockery of chartism and technical indicators. Only the very brave or the markedly ignorant get in the way of such market forces. So many investors recall the devastation of 2008 and fear a repeat of that scenario. And reacting to that fear by selling out to reduce or eliminate their equity exposure can create the very stockmarket phenomenon they fear. Those who believe we are now reprising 2008 recall the world economy went into serious reverse in Q4 2008. But at that time from July 2008 the numbers being laid off in the US were already running at around 250,000+ per month and that they hit stunning peaks of 700,000+ per month through Q4 2008 and Q1 2009. This time round you are not seeing the same level of job loss preceding Q4 2011. In fact in the US private sector jobs are being created though at a sharply reducing pace. Commentary suggests many in the US have not experienced an economic recovery. Around 8 million jobs were lost in the US throughout the 2008-09 recession and only 3 million new jobs have been created since. And the experience of many in dealings with banks since the height of the financial crisis continues to be along the lines of "do not ask for credit as refusal often offends" whilst others find their existing credit limits and credit lines being reduced or withdrawn. So with this as a backdrop quite a few commentators suggest stockmarket activity is more a crisis of confidence with a fear of an impending economic crisis rather than a true economic crisis. Going forward the BLS statistics will doubtless be viewed with considerable interest and concern as an indicator of the underlying strength or otherwise of the US economy. It would not be the first time that stockmarkets have anticipated a recession which has not subsequently materialised. However, such a sanguine view may be rendered irrelevant if we are indeed on the edge of the next major banking crisis which undermines all economies of the world. If banks are once more not lending into the wholesale money markets and are being forced to use the discount window whilst selling the most liquid of their assets to generate financial flexibility then all bets are off as equity markets continue their plunge. "Fiddling while Rome burns" comes to mind as politicians take their "well-earned" breaks. |
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 29/11/2010 13:34 by pillion Activist investor Knight Vinke has raised its stake in Kesa Electricals |
Posted at 28/12/2007 19:01 by enami andrew - you have to wonder why they are selling BUT.Trading Update due on 17th January, hopefully they can push out some good figures and an indication of wether they will return any of the 550 million to shareholders. FTSE250 companies have really been hammered since the start of November and KESA even more so as it has gone ex div as well. Fundamentally the div yield is about 5.5% I think, so quite attractive for the long term investor. |
Posted at 26/4/2007 11:09 by cover maywillow - 13 Jun'03 - 11:17 View 'maywillow' profileNews 27/03/07 15:32 UKREG Holding(s) in Company Charts Long Term Chart Fundamental Data Sector Mkt.Sector FT25 Mkt.Segment SET2 Turnover 4,501 Profit 165 Norm EPS 20.70 PE Ratio 16.36 Market cap 1,794 NMS 75,000 Calendar Description 2007 Pre-Close Announcement 18th January Full Year Announcement 21st March Q1 Announcement and AGM 23rd May H1 Pre-Close Announcement 26th July Interim Announcement 26th September (tbc) Q3 Announcement 22nd November waldron - 25 Mar'07 - 18:54 - 272 of 274 The Observer Comet parent group Kesa Electricals is the latest retailer tipped for private equity interest. The group, which also trades in Europe as Darty, recently announced a slightly lower-than-expected 15.4% rise in profits to £165.4m last year and the chief executive reportedly said sales growth would be slow this year. But with mounting speculation of a bidder waiting in the wings to snap up Kesa, investors are tipped to hang on to their shares, at 348.75p. |
Posted at 25/3/2007 18:54 by waldron The Observer Comet parent group Kesa Electricals is the latest retailer tipped for private equity interest. The group, which also trades in Europe as Darty, recently announced a slightly lower-than-expected 15.4% rise in profits to £165.4m last year and the chief executive reportedly said sales growth would be slow this year. But with mounting speculation of a bidder waiting in the wings to snap up Kesa, investors are tipped to hang on to their shares, at 348.75p. |
Posted at 14/3/2006 10:52 by elmendigo3 Kantona:Day traders are doing well. Good going; it took some nerve to jump in at that price. with 25 million shares traded and a £3.60+ price you are doing very well. Us poor investors just hum along. |
Posted at 31/3/2004 12:13 by maywillow LONDON (AFX) - Kesa Electricals PLC, the Anglo-French retail group whichdemerged from Kingfisher PLC last July, reported full year profits which beat market expectations but warned prospects for its core markets remain uncertain. Pretax profit before goodwill and exceptionals came in at 179.3 mln stg, ahead of analysts' forecasts of 175 mln stg, boosted by a strong performance from the group's Comet chain. Group retail profit (operating profit including share of joint ventures but before exceptionals and goodwill) was 202.7 mln stg, on sales of 3.77 bln stg, up 10.1 pct.. Excluding the increased central costs resulting from the demerger, group retail profit grew by 8.2 pct driven at French chain Darty which showed 1.6pct growth and Comet which achieved 9.5 pct growth. Chairman David Newlands said the group had achieved "satisfactory results" in a year which saw difficult market conditions in all its core markets. In the current year, he said sales for the first two months are in line with the trends seen at the end of the previous year. However, he added that "prospects for a sustained economic recovery in our core markets remain uncertain". Kesa is paying a final dividend of 7.5 pence per share, making a full year payment of 10 pence, in line with forecasts. At 11.10 am, Kesa shares were trading at 267 3/4 pence, up from 5. JP Morgan believes the results show that cost-cutting remains on track, and extended warranty penetration has stabilised. However, the broker keeps a 'neutral' recommendation and 290 pence price target. Merrill Lynch also has a 'neutral' stance. "Until we see top line upgrades in France in particular, we believe investors will continue to question the limitations of Darty's margin maximisation model in what appears to be an increasingly deflationary market," said Merrill Lynch analyst Aymeric Poulain. mps/rn |
Posted at 07/7/2003 16:31 by waldron LONDON (AFX) - The widely predicted immediate sell-off of Kesa ElectricalsPLC stock failed to materialise with less than 4 pct of its 530 mln shares in issue changing hands by midday. Kesa, spun-off from Kingfisher PLC this morning and placed in the FTSE 250 index, debuted at 192 pence, the mid-point of the indicated range of 175-210 pence. It rose to a high of 202 pence, before settling at 194 pence by 12.01 pm, valuing Europe's third-largest electricals retailer at 1.03 bln stg. However, volume of shares traded was only 19.48 mln as investors adopted a wait-and-see approach, defying pundits' predictions of a massive day one sell-off due to concerns over Kesa's exposure to France where some 80 pct of profits are generated. Some had predicted a major switch into Dixons Group PLC, the UK's largest electrical retailer. However, Dixons shares were down 1/2 pence at 127-1/2, with 4.74 mln shares traded. Earlier, Kingfisher shareholders had received Kesa shares on a one-for-one basis. Immediately after the demerger became effective the share capital of Kesa, which owns Comet in the UK and Darty and BUT in France, was consolidated on a one-for-five basis. Also, to maintain its share price, Kingfisher shares were consolidated on a seven-for-eight basis. Kingfisher's most recent trading update, released June 4, showed Kesa endured a tough first quarter. Like-for-like sales were down 1.3 pct and profit for the ongoing business fell 16 pct at constant exchange rates. However, Kesa's listing particulars stated: "Although economic conditions remain difficult, especially in continental Europe, the Kesa board considers that the prospects for the group as a whole for the current year remain in line with its expectations." Goldman Sachs said Kesa shares are attractive below 182 pence. Nick Bubb, analyst at evolution Beeson Gregory, today initiated coverage on Kesa with a 'sell' recommendation. He reckons Kesa's fair value is only about 165 pence. Richard Ratner, analyst at Seymour Pierce, initiated coverage with a 'hold' recommendation. By 12.01 pm Kingfisher shares were up 5 pence at 277-1/4 with 4.4 mln shares traded. The stock benefited from HSBC moving its stance to 'add' from 'reduce' with a 295 pence price target, and JP Morgan reiterating its 'overweight' recommendation. The demerger of Kesa represents the final step in Kingfisher's transformation to a pure home improvement player and follows the summer 2001 demerger of variety retailer Woolworths Group PLC and sale of health and beauty retailer Superdrug, and last summer's purchase of the minority interest in Castorama. james.davey@afxnews. jdd/ak |
Posted at 29/6/2003 16:26 by grupo guitarlumber LONDON (AFX) - Kingfisher PLC is facing a second shareholder revolt within amonth as the retailing giant bids to win approval for a lucrative remuneration package for directors at Kesa, its electricals business, which is being demerged, The Sunday Telegraph reported citing The Assocaition of British Insurers. They have flagged the share plan for Kesa executives as a "red top" or urgent issue for shareholders. Pirc and Manifest, two shareholder pressure groups, have also raised concerns, the newspaper said. The newspaper added that the Kingfisher board will come under pressure from shareholders at its extraordinary general meeting on Friday. They have been incensed by the speed of the demerger and the lack of consultation over the share scheme. The revolt comes just five weeks after Kingfisher, chaired by Sir Francis Mackay, was forced into an embarrassing U-turn over the contracts of its top executives in a bid to stave off a shareholder revolt at its annual general meeting. The company was also forced to radically revise a share option scheme for Gerry Murphy, the chief executive. "Investors feel that the committee needed more time to look at what Kesa's directors are being paid. But they are also dismayed that there has not been greater communication from Kingfisher to them directly," an ABI spokesman is reported as saying. Investors are demanding that the company revise the share option scheme. The scheme is designed to compensate executives who are moving to Kesa and as a result will see their options in Kingfisher lapse. ml/jkm/ |
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