Kingfisher Share Discussion Threads

[niggle] 27/5/2020 11:01

I agree and just sold for 28%

[sux_2bu] 27/5/2020 08:20

Toppy now.

[izztre] 19/5/2020 15:29

Anyone know why this is down today ?

[andywillz] 14/5/2020 17:22

the N.T just tipped this today. expect a large spread tomorrow morning and a jump in price

[sux_2bu] 12/5/2020 10:31

Could be a small pull back to 160, ish.Good opperchancity to add. :-)

[the white house] 12/5/2020 10:28

As they have reversed the ludicrous decision by the French Woman CE to stop selling Sandtex (dreadful Dulux only) I have bought 40 litres and now the shares 3 days running...Crown gloss next please...

[sux_2bu] 12/5/2020 08:13

Thank you, ah thank you very much.Cha ching

[sux_2bu] 11/5/2020 15:54

Going to break out rapidly by the looks of it

[sux_2bu] 01/5/2020 14:21

Nice, wasnt expecting this rise today, but then its bank holiday soon and DIY overload.

[sux_2bu] 30/4/2020 13:09

Blue, red, blue, red all in the blink of an eye.Trend is up though.

[sicker] 26/4/2020 18:16

Then I hope we both prosper well :-)

[niggle] 26/4/2020 17:31

I'm in HFD too.

[sicker] 26/4/2020 11:54

Nigle, the reason is very simple. I am investing in a monthly saving option and the 10th of each month is the purchase date. I have just reached my target (10000) with my hfd acquisitions so it is now on toward my kgf target.(10000)

[niggle] 26/4/2020 10:48

With B&Qs now open across the country and getting mobbed I think we may see a spike up on Monday. Sicker Why are you buying from May 10 and not now may I ask?

[sicker] 24/4/2020 19:31

Already hold a good few but I'm starting a regular monthly buy from 10th May with a target in mind :-)

[gswredland] 24/4/2020 18:17

Agreed and getting stores open again. Bought in this morning for long term

[sux_2bu] 24/4/2020 14:35

This looks like a great recovery, especially over the summer while most stay at home for their holidays this year and carry out DIY, etc Happy days.

[niggle] 14/4/2020 10:17

All I see here is a B&Q website with 160,000 people in the queue just to get on it, and Screwfix open for essential Click & collect and the site open for everything else. Has to be a cracking recovery story.

[rb1206] 01/4/2020 15:25

Some hedges closed some of their short in MAR but have increase their shorts on this bounce. KGF are facing serious uphill issues, getting kicked out of FTSE, Moody placed them on downgrade list, to name the few on top of lagging sales already. I wonder if they will be equally quick to show figures for week 4 in March. Also, I think they need to look at top big wigs pay/bonuses packages. i.e Véronique Laury-Deroubaix walked away with nice golden hand shake for destroying almost 40% of the company value. I think top/middle management are too far detached from the ground/front line staff......i.e too many chiefs not enough Indians......imho...dyor.

[the oak tree] 30/3/2020 12:06

I sold out entire holding this morning. They currently dont have an online option so while they will have had an amazing few weeks leading up to the lockdown it won't take long for that to be overtaken by their store closures. The click and collect and online store is only for essential items. Pity but there you go Have bought into Sainsbury today: far better investment in these times. Demand through the roof both in stores and online. Like most supermarkets they make very small margin, that only has to change a bit for them to make their best profits for a long time. With people staying at home and schools and resturants closed they are getting demand like never before. They also stand to benefit from £500m relesif from not paying business rates this next 12 months. Yet the share price has hardly moved. Results and update end of April when I expect a rerating. IMHO

[cjohn] 30/3/2020 10:37

Yes, I would certainly avoid for the time being too. If cash flow ends, they've got a lot of outgoings!

[sr2day] 29/3/2020 21:41

i believe there will be significant impairment charges to come due to the sale of stores in Europe.the update in a few days time will hopefully bring clarity.i would avoid for the time being.

[gswredland] 29/3/2020 21:15

This could last more than a couple of months tho

[cjohn] 29/3/2020 15:17

On a more positive note, the company has the support of its bankers and has drawn down on two RCFs (Revolving Credit Facilities) to a total of 775 million - giving it a total 1.1bn in cash and cash equivalents. So it won't go bust during the current crisis, assuming this doesn't last more than a few months. Thereafter, it may be in quite an unfavourable financial situation, which will need good management of working capital and capex.

[cjohn] 29/3/2020 15:12

Higher up in the thread someone said that Kingfisher had 3bn worth of freehold property. This is mistaken, I believe. I looked through the latest annual report and there is no reference to freehold property. The net carrying value for property at 31st Jan 2019 was 2558 million. In view of my previous post, this must be almost entirely leasehold. Please correct me, if I'm wrong.