Kesa Electricals Share Discussion Threads

[kunalkoth] 05/1/2008 23:49

Well, IF the BUT deal goes through then it will provide a really great cash injection to the group which will fund Capex for some store beautification, debt repayments. I'm no longer holding hope for a special dividend as I think it's more beneficial they try and invest to make Comet into more of a service led retailer like Darty or John Lewis.

I am still highly cautious about the trading - it seems John Lewis did OK from electrical retail but I think the market is now pricing in a worst case scenario for Kesa as Comet is still regarded as a Dixons/Curry's type retailer.
I expect Comet to only break even this year and Darty to report increased sales, which should lift overall sales from last year.

To be honest I doubt the share is going to touch 300p ever this year given market sentiment. Electrical retail just isn't worth the risk. At most I see it going to 250p on positive trading. If there is even a slight decline in sales from last year, I think we're going below 200p.

[andrewlewis] 03/1/2008 18:32

kuna

what a shame KESA is being grouped with DSL which has everything going against it. With the BUT deal KESA should bounce back.

Any thoughts?

[andrewlewis] 31/12/2007 08:49

Nobody seems to know what to do with this Stock. Kunalkoth is right a great business spun off from Kingisher which is dying on the vine. Once the BUT deal is completed KESA maybe a takeover favourite.

[kunalkoth] 30/12/2007 11:44

Wise move selling BUT. It has nothing to do with the electrical retailing strategy and is just excess baggage. I'm hoping for a special dividend once they deal with their liabilities.

With no debt and a cash generative engine this is a great business at a great price.

[andrewlewis] 29/12/2007 17:27

Enami

Thanks for your input. Kesa is having difficulty with its margins so it reports. Compared to DSL it is doing well. I wonder if the 500 mil will be used to buy back shares? Or possibly buy another company etc.

[enami] 28/12/2007 19:01

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.

[andrewlewis] 28/12/2007 17:34

kantona/waldron/enami

Good timing with the Sale of But coming up. What will Kesa do with 500 million euros? Does it make it a more interesting takeover target.

[andrewlewis] 28/12/2007 11:06

kantona/waldron/enami

Any further thoughts on KESA for the new year. Their stores are doing well and still looks good for a buyout. Any idea on their value. Do they own their own sites?

Thanks for your thoughts.

[andrewlewis] 28/12/2007 11:06

kantona/waldron/enami

Any further thoughts on KESA for the new year. Their stores are doing well and still looks good for a buyout. Any idea on their value. Do they own their own sites?

Thanks for your thoughts.

[enami] 29/10/2007 13:09

Up quite markedly today, XD net week 7 Nov I think

[cover] 18/9/2007 10:29

guys...............why has this fallen so much? thanx

[waldron] 11/7/2007 16:15

Kesa Electricals "overweight," estimates raised

Wednesday, July 11, 2007 5:27:26 AM ET
J.P. Morgan Securities

LONDON, July 11 (newratings.com) - Analysts at JP Morgan reiterate their "overweight" rating on Kesa Electricals Plc (KE4.ETR), while raising their estimates for the company. The target price is set to 405p.

In a research note published this morning, the analysts mention that the company is likely to report a decline in its 2Q like-for-like sales, since it faces the World Cup comps. While electrical demand is expected to have been strong, Kesa Electricals' gross margins are likely to have been healthy on account of new technology, the analysts say. Electrical demand is expected to accelerate in the medium term, and the deflation in flat panel TVs is likely to ease significantly, JP Morgan adds. The EPS estimate for 2008 has been raised from 21.80p to 21.88p.

[ariane] 23/5/2007 07:03

Kesa Electricals Trading Update Q1


RNS Number:0517X
Kesa Electricals plc
23 May 2007

Wednesday 23 May 2007

Revenue for the three months ended 30 April 2007

Kesa Electricals plc today announces the Group's revenue for the three month
period to 30 April 2007, based on unaudited management accounts.


Revenue growth as reported in sterling

+--------------------+-----------------------+
|Darty | 5.1% |
+--------------------+-----------------------+
|Comet | 4.9% |
+--------------------+-----------------------+
|BUT | 1.6% |
+--------------------+-----------------------+
|Other* | 20.5% |
+--------------------+-----------------------+
|Group Total | 6.1% |
+--------------------+-----------------------+


Revenue growth in local currency

+--------------+--------------+---------------+
| | Total | Like-for-like |
+--------------+--------------+---------------+
|Darty | 7.0% | 4.3% |
+--------------+--------------+---------------+
|Comet | 4.9% | 2.7% |
+--------------+--------------+---------------+
|BUT | 3.6% | 4.8% |
+--------------+--------------+---------------+
|Other* | 22.6% | 10.6% |
+--------------+--------------+---------------+
|Group Total | 7.4% | 4.3% |
+--------------+--------------+---------------+

*BCC, Vanden Borre, Datart, Darty Italy and Darty Switzerland, Darty Turkey





Total Group revenue grew by 7.4 per cent in local currency, up 4.3 per cent like
for like, during a period which saw strong sales during February and March and a
weaker April.


At Darty, revenue increased by 7.0 per cent in local currency and 4.3 per cent
on a like for like basis. This performance was driven by the continued strong
demand for new technologies and growth in the sales of white goods. Sales of
Darty Box, Darty's own triple play proposition, are in line with our
expectations. During the period Darty opened two new stores and refurbished and
extended one store.


Comet's revenue grew by 4.9 per cent, 2.7 per cent on a like for like basis,
benefiting from the same product dynamics as Darty. During the quarter, Comet
opened two new stores and refurbished / extended three stores, all of which
trade with a mezzanine floor. At the end of the first half, Comet will have
opened nine of the 10 stores with mezzanine trading floors planned for this
year.


BUT continued to improve its performance. Total revenue grew by 3.6 per cent in
local currency and total store revenue increased by 5.3 per cent, 4.8 per cent
on a like for like basis. The small to mid sized stores relay programme
progressed and four further store relays will be completed by the end of the
first half.


Revenue at our other businesses grew by 22.6 per cent in local currency, 10.6
per cent on a like for like basis. The established businesses, BCC, Vanden Borre
and Datart, continued to deliver double digit overall like for like sales
growth. Trading at our start up operations progressed well and a further five
stores will have opened in the first half of the year, two in Italy, one in
Switzerland and two in Turkey.



Chief Executive Jean-Noel Labroue commented,


"All our businesses delivered good revenue performance during the quarter with
continued strong sales of flat screen televisions and further confirmation of
the return to growth of the white goods and furniture markets.


"However, against the very strong comparatives of last year, when the World Cup
triggered significant demand for flat screen televisions, we anticipate weaker
like for like sales in our second quarter. Whilst consumer confidence in
Continental Europe appears positive, it remains uncertain in the UK.


"We therefore remain focussed on margin management and cost control while
accelerating the investment in our existing businesses and start up operations
to secure our future revenue and profits growth."



ENDS


As at 30 April 2007:

+--------------+--------------------+------------------+
| | Store numbers | Selling space |
+--------------+--------------------+------------------+
| | | (000sqm) |
+--------------+--------------------+------------------+
|Darty | 211 | 276.7 |
+--------------+--------------------+------------------+
|Comet | 249 | 259.8 |
+--------------+--------------------+------------------+
|BUT | 105 | 348.1 |
+--------------+--------------------+------------------+
|Other* | 144 | 168.2 |
+--------------+--------------------+------------------+

*BCC, Vanden Borre, Datart, Darty Italy, Darty Switzerland, Darty Turkey


There will be a telephone conference call for analysts at 08.00am on 23rd May
2007. If you would like to listen to a recording of this call please visit the
company's website www.kesaelectricals.com after 10.00am.


The Group will issue its next trading update on Thursday 26th July 2007.


Enquiries


Analysts


Kesa Electricals plc
Simon Ward [phone]


Media


Kesa Electricals plc
Annabel Donaldson UK [phone]
Guy Lavaud France [phone]


Finsbury
Alex Pettifer UK [phone]


Euro RSCG
Laurent Dondey France [phone]
Emilie Lang [phone]









This information is provided by RNS
The company news service from the London Stock Exchange

END
QRFGGGZKVZVGNZM

[chancer] 14/5/2007 11:42

SHORT JUNE CONTRACT

[cover] 04/5/2007 11:51

sold!................................will buy bac in on weakness!

[waldron] 03/5/2007 18:14

Kesa Electricals 330-3/4 down 3-3/4
Bridgewell negative

[waldron] 03/5/2007 17:36

nothing untoward. a general market gyration it seems.

kesa will no doubt be in a tight range until May 23rd

The Big Box seems to be 320p to 360p

the smaller box seems to be 320p to 340p

[cover] 03/5/2007 15:58

why the fall today?..........

[waldron] 26/4/2007 15:45

Q1 Announcement and AGM 23rd May