Kesa Electricals Share Discussion Threads

[elmendigo] 23/2/2006 16:56

WAKE UP CALL

Has anyone noticed the shareprice moving up with high volume? Maybe something is happening. Where is KESA going. Their growth is restricted by the competition etc and time for a consolidator to come in and sort out the market. Anyone know if they own any of the properties they sell from or other assets?

[lewistogut] 04/1/2006 16:13

Has anyone noticed the shareprice moving up with high volume? Maybe something is happening.

[andrewlewis] 08/11/2005 21:18

aabdul

Thanks for letting me know you are not the big buyer. After KESA goes try Carclo in the Engineering section. Great potential, small company with some very good new technology.

[aabdul] 07/11/2005 21:58

andrewlewis, sorry mate its not me! i only have £2k worth bought back in those days at 274p!! been looking for a profit for months, lets hope someone bids for the company, then i can smile a bit after loses elsewhere.

[andrewlewis] 07/11/2005 16:39

aabdul

It looks like you are doing well. Alot of volume and upward price movement. Who are the big boys buying all these shares. It must be you.

All the best

[aabdul] 03/11/2005 16:41

where do the rumors come come, i bought at 274p when the rumors first started to appear, then it went down hill, now seems to be going up again!!

[andrewlewis] 03/11/2005 14:26

Widgee

It looks liked we have been piped as everyone is climbing on the Kesa TAKEOVER
BANDWAGON. What are your thoughts now?

[andrewlewis] 02/11/2005 17:50

Widgee

Thanks for your input. The UK Retail Market is dying or dead and a takeover looks the only route to survival. Kingfisher unloaded Kesa and they are in serious trouble unless a white knight comes along.

[widgee] 02/11/2005 16:37

Rumours abound, its makes sense DSGI + Kesa. (i,m long term so not that bothered) Got only 2500 shares on this, (not 25 million) Bought @ 2.35 looking for 15% (150% as a spread bet) over 12 months

[aos] 01/11/2005 10:38

Taken from Yahoo 'What the papers say' today. Take note of the last comment. Happy investing ;)
The Times

The Patience Wheatcroft Column:
*Pensions: We will not fight them on the beaches.
*Tony Blair faces wrath of business.
*Trading blows with China.

The Tempus Column:
*O2 : Sell while reception is good.
*Clinton Cards best avoided.
*Wogen : Buy only if you are prepared to lose your shirt.

Smaller Stock to Watch:
*Universe Group (LSE: UNG.L - news) .

Interview:
*David Brennan, Chief Executive designate of AstraZeneca (LSE: AZN.L - news) .

Further news:
*Word that Vianet Group's trial operation of Vodafone's QuickPhone kiosk at its Manchester (MNCS.OB - news) stores is faring well.
*Speculation that Kesa Electricals (LSE: KESA.L - news) could be on DSG International's Christmas list.

[ariane] 26/10/2005 12:42

Kesa Electricals Up On Renewed Speculation

Wednesday, October 26, 2005 7:23:43 AM ET
Dow Jones Newswires



1111 GMT [Dow Jones] Kesa Electricals (KESA.LN) +4.2% at 236.75p. Traders cite renewed speculation of a bid. "After the losses of the last few weeks you're always going to get the bid story coming round again but I can't see who would want to step in," says one trader. Another attributes the gains to a technical bounce and notes the market had been looking oversold. Kesa not immediately available to comment. (DWE)

[andrewlewis] 11/10/2005 21:34

WIDGEE any ideas on the huge 25 million volume today with the price remaining static. There must be alot of buyers and sellers. Who is in the game and what is up?

[andrewlewis] 29/9/2005 21:10

WIDGEE I heard there was supposed to be a management buyout but not confirmed at this stage.

Kesa is suffering along with all the other electrical retailers and the buyout would make sense if the banks go along with it. How that would improve the company's business is the question.

[widgee] 19/9/2005 11:53

no. do you?

[andrewlewis] 16/9/2005 19:03

Anybody know what is going on with Kesa?

[waldron] 27/5/2005 07:31

JP Morgan More Bearish On UK Retail >GUS.LN

Friday, May 27, 2005 2:04:36 AM ET
Dow Jones Newswires



0600 GMT [Dow Jones] JP Morgan cuts sales forecasts across the board for UK retailers on indications that the sales trend so far in 2Q "is as disappointing as in 1Q." Now forecasts an average decline in 05/06 of 3.7% from 1.2%. However, raises overseas estimates for GUS (GUS.LN), Signet (SIG), Kesa (KESA.LN) and Kingfisher (KGF.LN) based on better than expected performance. Maintains GUS, PPR (12148.FR), Signet overweight, as all have "strong international businesses." (PBA)

[maywillow] 23/3/2005 08:43

LONDON (AFX) - Kesa Electricals PLC year to January 31 2005
Sales - 3.96 bln stg vs 3.77 bln
Pretax profit before exceptionals and goodwill - 193.7 mln stg, up 8 pct
Pretax profit - 184.2 mln stg vs 178.7 mln
Adjusted EPS - 23.3 pence vs 21.1
EPS - 22.0 pence vs 21.4
Final div - 8.25 pence
Total div - 11.0 pence, up 10 pct

vjt/

[maywillow] 23/3/2005 08:23

LONDON (AFX) - Kesa Electronics PLC, the Anglo-French retailer, reported an
8 pct increase in underlying full year profits on the back of a 5 pct rise in
turnover.
The group, spun off from Kingfisher PLC in 2003, made a pretax profit before
exceptionals and goodwill of 193.7 mln stg in the year to Jan 31 compared to a
consensus market forecast of 195 mln stg and 179.3 mln stg last time.
"Trading since the year end has been soft at Comet but more positive at
Darty and BUT," said chief executive Jean-Noel Labroue. "We will continue to
concentrate on managing our margins and costs, accelerating investment in our
existing businesses and developing the Darty brand in new markets."
The dividend for the year was raised 10 pct to 11 pence a share.
Kesa shares, which debuted at 192 pence in July 2003, closed Tuesday at 309
pence, valuing the group at 1.64 bln stg.
jdd/cw

[washerclean] 08/2/2005 11:53

Consumer Champian Harry Cichy is looking into the subject of store Warranties sold as add on's. He is concerned on there cost & how long repairs take. He has received complaints on Comet.

[maywillow] 26/1/2005 18:32

LONDON, January 26 (newratings.com) - Analysts at JP Morgan downgrade Kesa (KE4.ETR) from "overweight" to "neutral." The target price has been raised to 320p.

In a research note published this morning, the analysts mention that the downgrade in rating is based on valuation. The analysts express their optimism regarding healthy sales at Kesa's stores in the UK and in France in the near term. The company's fundamentals remain healthy, according to JP Morgan

[maywillow] 20/1/2005 19:02

LONDON, January 20 (newratings.com) - Analyst Philip Mitchell of JP Morgan maintains his "overweight" rating on Kesa (KE4.ETR). The target price is set to 310p.


In a research note published this morning, the analyst mentions that the company's Darty division performed exceptionally well during the previous quarter and posted like-for-like sales growth ahead of the estimates and the consensus. Kesa's performance was negatively impacted by adverse currency effects and margin contraction during the quarter, the analyst says. The company is likely to witness a rise in demand in France and margin expansion due to its restructuring initiatives, JP Morgan believes.

[maywillow] 20/1/2005 08:13

LONDON (AFX) - Kesa Electricals PLC, the Anglo-French retail group, said it
expects to deliver year to end-March 2005 results in line with current market
expectations.
The guidance came as the group, spun off from Kingfisher PLC in 2003,
updated on fourth-quarter trading.
For the period Nov 1 2004 to Jan 8 2005 its turnover increased 6.2 pct in
sterling terms.
jdd/ab

[waldron] 14/12/2004 06:54

Warranty customers in line for cash back

MARK SMITH December 14 2004

Some 750,000 consumers who bought extended warranties from PowerHouse, the former electrical goods giant which bought all of ScottishPower's retail shops, could receive more than half their money back, it was revealed yesterday.
However, the administrator yesterday told a creditors' meeting of collapsed PowerPlan, a separate company set up to provide the warranties, they could not say exactly where the cash would come from.
Nor was it clear what had happened to a multimillion pound fund, whose purpose had been to provide for the pay-backs under the warranty agreements, which promised 100% cash-back to consumers if no claim was made on the warranty within five years.
In 2003, PowerHouse suffered a devastating cashflow crisis and its lending banks foreclosed. Receivers were appointed in August of that year and the company subsequently tumbled into liquidation.
In turn, the demise of PowerHouse meant that it could not provide repair services payments under its obligation to warranty provider PowerPlan, which was also then forced into administration.
Around 750,000 policyholders were left high and dry when the two companies collapsed.
According to administrator the MacDonald Partnership, only about £1.1m was left in the so called "sinking fund" for repair claims – for engineers and their companies which carried out repairs on faulty electrical goods – and £138,271 for consumer cash-back claims when PowerPlan collapsed into administration on September 1, 2003.
Meanwhile, it also emerged in the creditors' report that this fund had been held by the Royal Bank of Scotland Trust Company in Jersey, a tax haven.
When asked why the account was held in Jersey, Douglas MacDonald, who was appointed administrator to PowerPlan after the company went bust, said: "It was all about the management of VAT liabilities."
The administrator's document states: "As a result of complex trust documents that were designed to protect repair claimants and cash-back claimants, the trust protecting the sinking fund was complex to unwind."
MacDonald also revealed that the average individual cash-back claim against PowerPlan is £142, with the total claim amount expected to range between £11m and £18m.
He added: "Had PowerHouse taken care of £18m, then the sinking fund would have been solvent and this whole situation should not have arisen."
When asked if he could name the parties which were providing the funds to repay the consumers who were owed money on the warranties, he said: "We are not in a position to comment on that.
"However, I can tell you that a number of parties have agreed in principle to make goodwill contribution to facilitate the payment and distribution of valid cash-back claims for claimants, who might otherwise receive nothing.
"These parties are not being named, because they do want these goodwill payments connected with anything that might be considered legal responsibility."
Nonetheless, the news that at least some cash would be forthcoming provided some comfort to those who had shelled out for the warranties, but expected to get nothing back when both PowerHouse and PowerPlan went bust.
Under the terms of the administrator's proposal, which were approved yesterday at the meeting at the Scottish Exhibition and Conference Centre in Glasgow, the return on cash-back claims will be "approximately 44%" if they total £11m.
However, MacDonald said that if the cash-back claims were "considerably higher" at £18m, then "returns to cash-back claimants will be reduced to approximately 28%."
The administrator added that the package could rise to as high as 63% if further claims with a number of re-insurance companies were successful.
Yet, he said: "It must be stressed this is merely an estimate based on assumptions on variables that remain uncertain.
"Given the opening position of the PowerPlan insolvency and the likelihood of no return for cash-back creditors I believe that this is an excellent prospective return."