||ORD 15 5/7P
||EPS - Basic
||Market Cap (m)
Kingfisher Share Discussion Threads
Showing 2326 to 2350 of 2350 messages
|KGF's holding up well against the backdrop of a weak wider market.
Ex-dividend 4th May. Would like to buy here but a bit concerned the market may correct some time over the summer.|
|SETS. Have not seen one positive broker comment post results.
Its the outlook they appear cautious on, these results, barring France,
|marketmakers messing about.this should be at least 350p based on results and dividends.|
|Back in again at 3.21, sold at 3.30 before yesterday's close.
May be somewhere around 3.15 as a low?.|
|I'd much prefer to be holding Kgf than any of the U.K. supermarkets.|
|Hope so, average is about 2.25.|
|EI , not the best of days to be reporting.
Value here at 325p I reckon.|
|phil, still lovely FCF, that's what I notice.
Downside risks would agree, but that applies to a lot atm.
MRW at 22X, or KGF at 14x. Or perhaps neither ).
In fairness to KGF you also need to net off the cash.|
Our cautious stance is owing to:
a) the French consumer outlook where our survey work suggests Castorama is lagging Leroy Merlin on various metrics including ecommerce, and we don’t expect Castorama’s online offer to improve until next year;
b) we see a short-term benefit but longer-term threat in the UK from new entrant Bunnings; and
c) as we think execution risk is high this year given the extent of range change in stores.
Kingfisher trades at 14x CY17E P/E, a 5% premium to the sector and we consider a sector rating more appropriate given downside risk to consensus EPS, particularly in the medium term. Our price target is based on DCF analysis using an 8.3% WACC and a terminal growth rate of 1%.
|Will have a listen to the webcast tonight if available.|
|Small amount more.|
|Some comment about a possible sale of the French business,
looks wide of the mark speculation to me, it remains highly profitable.|
|When I went to screwfix and asked if they deliver the bloke said:
"no. you want the butchers for that"
|Not quite yet in Germany!, but early days.|
|Screwfix as always delivering :-)|
|You could have got the bottom of this results dip there. Good luck.
Certaily KGF looks sound with the cash it throws off and its strong balance sheet.
Fwiw, I did some switching out of KGF ahead of these results and into RPC. I think I'm slightly down on that exercise atm, even after today's reaction. I'll see how it goes - it's intended to be a longer term play. RPC has strong earnings growth, which (imv) is likely to continue as it's in growing markets and is a regular and (seemingly) careful acquirer of smaller competitors. Share price is weak atm, following rights issue. RPC has a trading update due at the end of this month. No advice intended.|
|Hi Ed, France comment imv, France performance not great.
Had a very small amount at 3.27.|
KGF is down about 5.4% atm. Say, 1% of that is following the market down this morning. So, 4.4% drop is due to today's news.
I've got eps slightly ahead of consensus and dividend slightly behind consensus. So, the answer is probably not in those figures. My guess, fwiw, is the Technical Guidance for 2017/18. Specifically, they are expecting flat margin, as the benefits of their changes are offset by price reinvestment. Also, (if I've read it correctly)about 95million of what were to be exceptional costs will now be normal P&L expenditure. Is it looking like more of the transformation benefits will be swallowed by price competition and rising costs? Then, France is still stuck where it was and Wesfarmers do have a good record (although don't have any UK momentum yet.)
Finally, a new Chairman - could be some reaction to that? I don't know.|
|Buy back due to start from to-day so I hope a lot are bought at this price :-)|
|May be the comment on France weighing this AM.|
|Tempted, but have held off for now.|
|Added a few today.
If anyone would like a TA view on KGF, on the SHA board today 3 different
posters give a TA view. I usually post there and mentioned KGF as a longer term buy.
Very much a case of DYOR as always, but may be interesting.|
|Ta, EI. :-)
Wesfarmers interims were released today.
BUKI reported a loss before interest and tax of £28 million ($48 million) and revenue of £612 million ($1,038 million).
BUKI has made very good progress to separate Homebase from its former owner and begin repositioning the business. The first Bunnings pilot store was successfully opened on 2 February 2017, with additional pilot stores currently under development.
If they are only piloting then they aren't yet confident they know the right formula for the UK. So it will take time for them to decide what's best and then execute the roll out. This may take a few years to complete? Should be time for KGF holders to make interim assessments?|
|Hi Ed, thanks for your view.
B&Q trialling a couple of new smaller format stores, two opening in London.
I can see why the dividend hunters like WES, they have a very high
payout ratio for retail.|
|Thanks Simon, DEB is definitely not for me.|