Kesa Electricals Share Discussion Threads

[maywillow] 30/3/2004 18:42

Deutsche Bank has a sell rating and 230p price target for Kesa and Citigroup recently downgraded it to sell from hold

[maywillow] 30/3/2004 18:41

Deutsche Bank has a sell rating and 230p price target for Kesa and Citigroup recently downgraded it to sell from hold

[recog] 30/3/2004 15:05

Anyone any thoughts on kesa results out tomorow

[ariane] 27/3/2004 09:52

Smaller companies facing the spotlight

The recent flood of corporate results should ease off next week as a clutch of smaller companies take their turn in the spotlight.

Analysts expect electrical retailer Kesa to report 1% annual like-for-like sales growth from its Comet chain on Wednesday - contributing to a predicted rise in pre-tax profits of £174 million from £137 million previously.

Same-store sales growth at Darty in France should be similar, although French retailer BUT is forecast to produce a 1% decline due to a weak furniture market.

The results will be the first from the company since its demerger from B&Q retailer Kingfisher in the summer. Other issues are likely to include warranty sales, which are set to continue to affect the UK performance.

[ariane] 26/3/2004 15:59

LONDON, March 26 (New Ratings) - Analyst Philip Mitchell of JP Morgan maintains his "neutral" rating on Kesa (KESA LN).

In a research note dated March 25 and published this morning, the analyst mentions that the company is expected to report its full year results on March 31. Kesa’s earnings before exceptionals and goodwill are estimated at £174.2 million, the analyst adds. JP Morgan expects the company to post healthy sales results this year.

[sicker] 25/3/2004 08:33

Thanks Maywillow. Appears my purchace has had no effect on the share price but at least there is something to read on this thread.

John

[maywillow] 25/3/2004 06:12

here's hoping.

enjoy your day.

[sicker] 24/3/2004 21:58

I just bought a maxtor external hard drive from Comet this evening. This will surely help boost tomorrows opening price. :-)

John

[waldron] 27/1/2004 07:29

LONDON (AFX) - Kesa Electricals PLC, the European retail group demerged from
Kingfisher PLC last July, said it is confident of delivering full-year results
in line with market expectations.
Its forecast accompanied a trading update for the Nov 2 2003 to Jan 3 2004
period, which revealed total group retail sales up 10.8 pct compared to the same
period last year or up 4.5 pct in local currency.
Within this like-for-like sales were up 0.3 pct at Darty, up 3.9 pct at
Comet and down 0.2 pct at BUT.
jdd/ak

[maywillow] 14/1/2004 08:09

LONDON (AFX) - Electrical retailer Dixons Group PLC posted first half profit
in line with expectations and unveiled Christmas sales that were better than
most City forecasts.
Profit before tax and excluding goodwill amortisation increased by 9 pct to
105.7 mln stg. At the same time it said benchmark like-for-like sales were ahead
4 pct for the eight weeks ended Jan 10.
The market reckoned at best underlying festive sales would be up 2.8 pct and
that they could possibly be flat.
ijl

[ariane] 11/1/2004 16:13

LONDON (AFX) - Dixons Group PLC, the UK's largest electrical retailer that
is due to release interim results and a Christmas trading update on Wednesday,
has moved to dismiss a report that it is likely to close half of the 329 stores
in its eponymous high street chain as part of a major cost-cutting
restructuring.
"The idea that we're about to make some imminent announcement about the
future of the Dixons chain is not true," a spokesman for the group told AFX
News.
He was responding to a report in the Observer newspaper which cited Tony
Shiret, a retail analyst at CSFB.
Dixons has, however, been experimenting with a larger store format, called
XL, at four locations -- Cardiff, Swansea, the Bull Ring Birmingham and Hull.
With bigger footprints the stores' rent per square foot is significantly lower.
"It's a trial and we're looking closely at it but we're not in a position at
this early stage to make any quantifiable assumptions about how we move that
trial forward," added the spokesman.
As well as the high street chain that bears its name, Dixons owns Currys, PC
World and The Link.
For the 28 weeks to Nov 18 analysts are forecasting a consensus first half
pretax profit before exceptional items, property profits and goodwill
amortisation of 105 mln stg, up from 97 mln last time.
For the eight weeks since the end of the first half on Nov 15 analysts are
forecasting UK like-for-like sales growth, which strips out the impact of new
outlets, of 0-2.8 pct and a gross margin of flat to down 70 basis points.
[e-mail]
jdd/bam

[ariane] 11/1/2004 11:28

extract from Sunday Times via thisismoney

SUNDAY TIMES

Dixons

Many of the issues that held electronic retailer Dixons back last year, such as the investigation into extended warranties, have been resolved. At 141.75p the shares have traded sideways for much of the past six months. A good showing on Wednesday, when the company reports on Christmas trading, could spark a re-rating.

[maywillow] 02/1/2004 22:57

seems to have hit 268p?

[maywillow] 02/1/2004 21:47

Happy New Year

262p