Kingfisher Share Discussion Threads

[gswredland] 25/5/2023 17:09

Thank you scooo

[scooo] 25/5/2023 16:46

gswredland

Yes, ex-dividend today 25th May 2023.

Final dividend of 8.6p to be paid on 3rd July 2023.

[scooo] 25/5/2023 16:23

KGF were caught sleeping by the advance of Amazon and other online competition some years back, and suffered badly for it. They now promote their own e-commerce proposition and of course have an extensive store network to give comprehensive appeal.

Amazon et al will achieve a significant & permanent presence in the market place but will level off at some point, which may not be too far off.

The direct in-store proposition has its advantages for DIY in terms of immediacy, inspection, advice and return convenience. I think the current share price undervalues KGF combined online & instore strengths, and overestimates the further potential of pure online players to take market share.

The disappointing historic share performance has reflected the earlier online attrition but the future outlook may be somewhat more robust.

[gswredland] 25/5/2023 16:23

Am I correct in thinking this goes ex divi today please?

[essentialinvestor] 25/5/2023 14:13

FY consensus pre tax number (if achieved) is similar to their level of profitability circa 2013.

Now given inflation in the interim profitability will be significantly lower in real terms; and this with huge growth in Screwfix over the last decade.

EPS is higher, helped via share count reduction.

[gswredland] 25/5/2023 09:40

Agreed
Bought my first lot this morning

[systemsthinker] 10/5/2023 10:35

I can't understand why KGF isn't more popular, at least as a long term investment:

P/B: 0.74
P/E: 10%
Yield: 4.75% and well covered.
Debt/Gearing: Just about right (around 35%)
Good profits, set to grow steadily.
Operating in 8 countries so some protection from Brexit etc
A good, but not radical, strategy to improve and accelerate their digital/data/ecommerce operations and roll out compact stores.
They seem to have a strong management team and motivated staff
There is a need for their services whether the economy worsens OR improves (within reason!)

Is it just that KGF is just not very glamorous??? Is it that it's not a '10 bagger' and unlikely to make an investor rich overnight? What am I missing?!?

[essentialinvestor] 21/3/2023 13:27

Consensus pre tax for the year ahead is approx £630 Million,
so another sharp fall from the post pandemic profit surge, subject to change as always.

They made more than that 10 years ago and a big wedge of inflation in the meantime.

[blackhorse23] 21/3/2023 08:10

Out from profit & going to buy GNC

[darrin1471] 07/12/2022 17:40

B&Q is set to roll out more B&Q Local convenience stores as it expands its presence on the UK high street.

hxxps://www.retailgazette.co.uk/blog/2022/12/bq-convenience/

I would of thought some of Wilko's estate would of been ideal to expand B&Q Local

Not holding KGF as I believe higher mortgage rates will hit housing market, tradesmen and DIY market for several years.

[dancing piranha] 24/11/2022 16:25

Weak results!

[dondee] 15/11/2022 11:47

I agree.
Wasn't it Warren Buffet who said "When others are fearful be greedy and when others are greedy be fearful" or some such thing.

[scooo] 13/10/2022 13:03

Are UK pension funds having to dump equities for cash to assuage internal stresses relating to their recent derivatiive traumas?

Not sure, but the best time to buy is generally during fire sales.

[m_kerr] 29/9/2022 18:46

very cheap now IMV.

good balance between DIY and trade. structural tailwinds for the b&q business in that over time people will do more DIY as they economise, and tradesmen get significantly more expensive. and protection from online, as the goods are not economical to deliver.

a good proportion of their profits are made in france and poland (40%). of their substantial property portfolio (£2.8bn, which underpins 65% of the market cap), around 70% is located in france and poland. and no financial debt so no direct exposure to rising interest rates.

and finally, the sum of the parts is much greater than the whole, which provides yet more downside protection.

[blackhorse23] 23/9/2022 15:33

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[brain smiley] 16/9/2022 18:04

Results next Tuesday.

[rb1206] 12/9/2022 11:39

SINZU thank you.

[sinzu] 12/9/2022 11:14

Sunday times tipster - full of hot air - it will fall back shortly imo.

[rb1206] 12/9/2022 10:45

Been bought up quiet strongly this morning, I wonder why?

Can anyone shed some light or came across any reason for this to climb.

[blackhorse23] 01/9/2022 15:12

switched to CURY (LSE) , DEBT FREE , high liquidity , paying dividends even buying back shares .. low mcap

[yf23_1] 19/8/2022 18:39

I think reality is beginning to show like a slow motion car crash.

[essentialinvestor] 19/8/2022 17:34

Warning imminent me thinks.

[waldron] 09/8/2022 06:16

Https://www.marketscreener.com/quote/stock/KINGFISHER-PLC-9590115/

In these changing times its not certain what kingfisher can pull out of the bag

There might well be a fall towards the supports of 240.60p and then to 234.80p

Although depending upon results it could gap up to the 268.10p Resistence


September/20/2022 Interim 2023 Earnings Release

Kingfisher: Societe Generale cut the recommendation to sell from hold. PT down 13% to 216 pence.

[melegramforttongo] 01/8/2022 07:29

Indeed RB

In Marshall Wace we trust

The meat has not yet been fully picked from the bones of this .