Kingfisher Share Discussion Threads

[ariane] 15/1/2008 15:09

one of many richaims

[ariane] 15/1/2008 15:09

ah you've spotted a difference

[richaims] 15/1/2008 14:04

Does that mean that unlike other retailers , KGF does not issue a Christmas trading statement ?

[mustyair] 15/1/2008 13:59

From waldron's post no. 58 on other message board

All events Date
Third Quarter trading statement 27.11.08
Interim results 18.09.08
Second Quarter Pre-close Update 24.07.08
AGM 05.06.08
First Quarter trading statement 05.06.08
Preliminary results 27.03.08
Fourth Quarter trading update 21.02.08

[richaims] 15/1/2008 12:47

When is the Christmas trading statement due ?

[tlee05] 15/1/2008 11:42

Musty sooner than you thought but thanks for your input.

[puffin1] 15/1/2008 10:47

Mustair ,
Looks like plenty of sellers about,About time the board sorted some of the major problems out till then it will not make much headway.
Regards

[mustyair] 15/1/2008 08:37

Tlee05 I'm sure we will be back to test lows at some stage, and I hope that they hold this time, but dont see it happening too soon. Maybe nearer the time of statement in Feb.

[mustyair] 14/1/2008 16:54

COTN looks like price in breakout.
Thats what a bloomberg interview with jim rogers can do.

[mustyair] 14/1/2008 15:21

Exactly puffin
The optomist in me sees a bounce back to 150 area - 38% retrace from high at 180 low at 114.8 but I've been wrong many times before.
Commodities seem to be better investment at moment ETF's softs, cotton, sugar etc favorities of Jim Rogers ( he thinks we are less than half way through a 20 year secular bull market in soft commodities.)
Precious metals Gold Silver Platinium still going strong and Oil must have a lot of upside long term.

[tlee05] 14/1/2008 15:11

Mustyair true I'm judging on the chart and the fundamentals its going to find it hard to pass 130p if the sells start rolling in again it may cause some panic.... Which is why I'm currently shorting.

[puffin1] 14/1/2008 15:09

Mustyair,
i agree.

[puffin1] 14/1/2008 15:07

Sure would but who knows what the best price is ! like who would have said 120-110p six months back ? .

[mustyair] 14/1/2008 15:05

puffin, 120p would seem to be a good price to get in. No one can know what the best price will be, a lot of bad news must be priced in already.
Being in uncharted waters makes picking a target price almost immpossible.

[tlee05] 14/1/2008 12:29

Would it not be best to get in at the best possible price.. Even if it is long term?

[puffin1] 14/1/2008 12:23

Yep but i am looking long term.

[tlee05] 14/1/2008 11:54

The company has a debt of 1.4 bln, I think earnings will continue to fall.
I believe the next update shall be awful and the dividend maybe be cut.
The company is seeking to appoint a new CEO in due course - ordinarily, the new man in charge likes to get all the bad news out first, thus starting from a lower baseline.

[puffin1] 14/1/2008 11:44

Tiee05,
Bit late to short this,eg a lot of Risk !! for little reward.

[sr2day] 14/1/2008 11:25

long term kgf will double or more but short term needs to retest 115.

[puffin1] 14/1/2008 10:58

Tlee05,
No worry quite happy to hold them long term.(2-3 years)

[tlee05] 14/1/2008 10:39

I'm in now currently shorting sorry guys. I would be uneasy if I was you puffin... 130p was the current target to start opening the shorts.

[puffin1] 14/1/2008 10:08

Mustyair,
I hope this is more than a dead Cat bounce as i bought quite a few @120 and i dont just want to trade them,coz i thought your cat may be right.Still think it is a great price though !.

[mustyair] 14/1/2008 09:13

This is more like it. A few more days like Friday would be nice.

[mustyair] 10/1/2008 16:56

Always spot on with the news Waldron. Much appreciated by all I'm sure.

To make a bottom there needs to be a reversal pattern, double / triple bottom, reverse head and shoulders, adam & eve , cup & handle.
The chart will produce something of the sort in its own time, and not before more certain news.

[waldron] 10/1/2008 15:46

very wise Yewtrees


Fourth Quarter trading update 21.02.08