||ORD 15 5/7P
||EPS - Basic
||Market Cap (m)
Kingfisher Share Discussion Threads
Showing 2276 to 2297 of 2300 messages
|Update on Kingfisher from AlphaValue (taken from Research Tree):
"Kingfisher released a Q2 FY16 trading update ahead of our estimates as well as market consensus. The lfl revenue increased by 3% (vs Q1 16: +3.6%, Q4 15: +2.8%; our estimate: +1.5%), once again driven by the strong performance in the UK & Ireland (Q2 16: +7.2% vs our estimate: +1.8%). B&Q clocked lfl growth of 5.6% (vs our estimate: +2.5%) on the back of strong demand of both seasonal (+9.6% yoy) and non-seasonal products (+3.4%; includes showroom). Likewise, Screwfix continued the resilient performance with +13.3% lfl, led by its Omni channel capability, roll-out of new / extended ranges and new outlets. Among international markets, Poland (Q2 16: +7.3%, Q1 16: +10.8%; our estimate: +2.5%) continued to benefit from supportive market conditions, new ranges and strong growth from seasonal and non-seasonal products. France was down 3.2% on a lfl basis (vs Q1 16: +0.2%, Q4 15: -1.0%; our estimate..."|
|nice update, ahead of expectations|
|I found today's trading update encouraging.
The share price is up about 20% from the July low point, so any 'gain' may already be in the price. Market opening is down but I wouldn't be surprised to see it rise from here (354p) over the next month.
I especially like B&Q UK actually increasing total sales while the estate has been reduced in size.
A better performance from France in H2 looks likely.
Also in H2 constant currency changes should be positive.
I think Investec and J P Morgan will have to revisit their 'sell' recommendations. They do look to have missed the plot, imo. It is not going to fall to 280p, imo.|
|The latest buy back may now have ended.
Barclays today cuts KGF price target to 2.85.|
|Added a small amount under 3.10.
Significant benefit here from EURO/GBP with he bulk of profits in EURO.
Flip side is current macro and consumer confidence, or lack of it.|
|I've put it back on watch this AM, traded my last small position.|
|This is struggling big time, if the indices is a guide today, then further falls inevitable! Clearly their French exposure seen as a big negative right now, along with discretionary spending on home improvements!|
I continue to hold.|
|Added a small amount yesterday Ed, will again if the price comes back a bit.|
Yes, with many sectors/businesses finding life hard, a solid performing cash generator, with upside potential if/when France recovers trades on a multiple that would seem high set against a different economic backdrop.
Priced at 16x? Depends on what's in of course, but last year produced 28p of cashflow. At 373p, that's about 13 x cashflow.
Grumble .... I don't like them buying back their own shares. Should be using the cash to buy freeholds of their leased property. If a downturn should come, they'll be much better placed not having to pay rents. If no downturn, they'd be earning c. 7% pa on their property investment, a useful return.|
|Ed, looks solid, but not cheap on about 16x ?.|
|Q1 statement out today.
UK and Ireland LFL looks good but it has been massaged by the closure of underperforming B&Qs.
I guess there'll be some exceptional losses associated with the B&Q closures; staff and exiting leases.
France is steady. Poland looks good, and should make a useful contribution.
I guess the market will be encouraged by these figures.
Shareprice up on opening?|
|Preview: Shell AGM and Kingfisher financial results in spotlight
16:35 23 May 2016
Tuesday brings Royal Dutch Shell Plc (LON:RDSB) into focus, as it holds its AGM, elsewhere, retailer Kingfisher releases results.
Shell petrol station
Crude's recent rally may have taken the edge off somewhat.
Tuesday brings Royal Dutch Shell Plc (LON:RDSB) into focus, as it holds its AGM.
Whilst crude’s recent rally, up to nearly US$50 per barrel, will no doubt have taken some of the edge off, and the room will likely be less of a pressure cooker for Shell.
The dividend appears more assured, compared to how it looked earlier this year at least.
Nevertheless, it may not be all sweetness and light – as a group of investors are raising questions of the group’s plans to handle climate change.
Campaigning investors The Aiming for A coalition says Shell has failed to fully address the impact of reduced demand for oil and gas because of new technologies such as carbon capture and electric cars.
The group acknowledged improvements made by the company, but demanded more risk and strategy disclosure. It said investors with assets worth US$5.05trln, including Rathbone Greenbank Investments, will provide Shell with direct feedback on progress at Shell’s AGM on Tuesday.
Rathbone ethical research and engagement analyst and Aiming for A spokesman, Matt Crossman, said: “There remain areas which demand attention, not least how the management of the risks and opportunities from climate change work their way into executive incentives.”
The group claimed investors needed to know more about the specific nature of the gas assets in Shell’s portfolio following its merger with gas producer BG Group.
Kingfisher to be boosted by early Easter
Broker Numis says the group, which is trying to turn itself round, should have benefited from the early Easter but the broker expects that colder temperatures in Northern Europe to have delayed the onset of what it calls the important 'gardening season'.
"In the past, this has often reversed out in Q2. The UK business will remain underpinned by the exceptional growth of Screwfix (now more than 20% of divisional sales) and LFL at B&Q should gain from its own and Homebase’s store closure programmes," said analyst Matthew Taylor, who rates the share 'reduce', targeting 325p.
As reported earlier this year, retail profit for the year to end January was up 7.4% to £746mln largely due to a good performance from Screwfix and a stable overall performance in France. But statutory profit for the year was £512mln, over 20% down from £644mln in 2014.
The Share Centre said: "The group beat market expectations with its full year results, but the weak performance of the French operations remain a drag and investors will be keen to hear how that part of the group is performing." It rates KGF a 'hold'.
Full year - Severn Trent PLC (LON:SVT), Cranswick plc (LON:CWK), Aveva Group (LON:AV.), Homeserve PLC (LON:HSV).
Trading statement - Kingfisher PLC (LON:KGF)
|Read AlphaValue's note on KINGFISHER, out this morning, by visiting hxxps://www.research-tree.com/company/GB0033195214
"Kingfisher released Q4 and FY15/16 results broadly in line with our estimates and slightly ahead of market consensus. In Q4, lfl revenue increased by 2.8% (vs 2.6% in Q3 and 2% in H1); Screwfix (+15.1% vs. +13.3% in Q3, 16.5% in H1) led the pack with strong digital and mobile growth, and the roll-out of new and extended product ranges. B&Q clocked 4.4% growth (vs. +2.4% in Q3 vs 0.7% in H1) on the back of stronger demand of indoor products (excluding showrooms: kitchen and bathroom). However, the sluggishness in the French home improvement market and subdued house building activity ..."|
|KGF have already discussed common sourcing and one Kingfisher over a multi
They appeared to promise a huge amount of leverage around this previously
while tangible results remained largely elusive, at least on my take.
Have put it back on a watch list.
HD may pounce ultimately which is why it's worth watching.|
|you can always rely on fudiciary duty to be jettisoned for elusive growth|
|May achieve an unintended result?
Strong dollar, weak prey?|
|Exactly, no guaranteed results imv.|
|"Kingfisher announces 5 year transformation to deliver £500m sustainable annual profit uplift by the end of year 5 ..."
Hmmmm. Risk went up today.
The problem with an adventure such as this, the costs are virtually guaranteed, whereas the benefits may not flow as planned.
Down about 11p atm.|
|The Aussies are coming... not good news for this share... Bunnings are VERY aggressive.
Good news for the consumers though!|
|Surprisingly quiet here...whch is probably a good sign.
In any event the French domestic consumer spending figure was a bit lower than expected today, but I note KGF went more with the general rally. (another good sign perhaps)
Can't help but feel that this one will turn up for 2016 2015 VERY flat for the SP
We shall see!...|
|More like Travis Perkins!|