Kingfisher Share Discussion Threads

[deanforester] 22/1/2008 17:48

This is my biggest riser today, with about 11%. Better than the bank shares.

Keep it up, I say.

[mustyair] 22/1/2008 16:41

Acorn KGF property is managed by subsid. Chartwell Land, thats all I know - give them a ring.

Nv If you are a value investor trying to build a stake ( eg. Brands ) it makes sense to so on a bad day. They will have a predermined top price they want to pay, my guess upto 150p - based on resistance level & fib retrace, but could be anything. When it hits the target watch the price drop.

Fabulous day today.

[nv200] 22/1/2008 09:21

FTSE rises to nearly record levels share price bombs, FTSE has its biggest fall for many a year and the share price holds up...anyone care to explain why, other then what most of us know that this is a great value share in a company actually performing OK here and espically abroad!

[acornoptical] 22/1/2008 09:11

does kingfisher still own the freehold properties of woolies ?

[waldron] 21/1/2008 19:28

Kingfisher "hold," target price reduced

Monday, January 21, 2008 9:17:07 AM ET
Dresdner Kleinwort Wasser.

LONDON, January 21 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "hold" rating on Kingfisher (KFI1.ETR). The target price has been reduced from 180p to 140p.

In a research note published this morning, the analysts mention that EBIT at the company's UK operations is likely to decline by about 60% in 2008/2009. Favourable currency valuations are expected to lend support to Kingfisher's PBT for 2008/2009, the analysts say. The downward revision in the target price reflects the company's exposure to the UK consumer cycle and the leverage of the B&Q brand to the deteriorating consumer environment in the UK, Dresdner Kleinwort adds.

[waldron] 21/1/2008 19:27

Kingfisher "hold," target price reduced

Monday, January 21, 2008 9:17:07 AM ET
Dresdner Kleinwort Wasser.

LONDON, January 21 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "hold" rating on Kingfisher (KFI1.ETR). The target price has been reduced from 180p to 140p.

In a research note published this morning, the analysts mention that EBIT at the company's UK operations is likely to decline by about 60% in 2008/2009. Favourable currency valuations are expected to lend support to Kingfisher's PBT for 2008/2009, the analysts say. The downward revision in the target price reflects the company's exposure to the UK consumer cycle and the leverage of the B&Q brand to the deteriorating consumer environment in the UK, Dresdner Kleinwort adds.

[waldron] 21/1/2008 19:27

Kingfisher "hold," target price reduced

Monday, January 21, 2008 9:17:07 AM ET
Dresdner Kleinwort Wasser.

LONDON, January 21 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "hold" rating on Kingfisher (KFI1.ETR). The target price has been reduced from 180p to 140p.

In a research note published this morning, the analysts mention that EBIT at the company's UK operations is likely to decline by about 60% in 2008/2009. Favourable currency valuations are expected to lend support to Kingfisher's PBT for 2008/2009, the analysts say. The downward revision in the target price reflects the company's exposure to the UK consumer cycle and the leverage of the B&Q brand to the deteriorating consumer environment in the UK, Dresdner Kleinwort adds.

[waldron] 21/1/2008 11:52

Tavern still there as are the Puffins.



As for Kingfisher,all will hinge on interest rate cuts,a new well respected
retail experienced CEO and team,not to mention dividend payments.

Roll on 21st Feb.

enjoy your week

[sr2day] 21/1/2008 11:10

you should be able to buy at circa 115 again.

[mustyair] 21/1/2008 11:06

Holding up better than most today. Buyers must be in action.
I'm with you puffin1 buying below 120p, with some confidence, knowing that smart money is building a stake.

[waldron] 21/1/2008 07:22

Wolseley Trading Statement




RNS Number:1392M
Wolseley PLC
21 January 2008


NEWS RELEASE
21 January 2008

Wolseley plc
Pre-Close Period Trading Statement for the five months ended
31 December 2007


Wolseley plc, the world's largest specialist trade distributor of plumbing and
heating products to professional contractors and a leading supplier of building
materials, today issues its regular trading statement for the five months ended
31 December 2007, prior to entering its close period. The half year results for
the six months ending 31 January 2008 are due to be announced on 17 March 2008.

Summary for five months ended 31 December 2007:

* Group
* Revenue up 2%, c.4% in constant currency
* Trading profit down c.25%
* Profit before tax and amortisation and impairment of acquired
intangibles down almost a third
* Decisive management actions taken to further reduce the cost base of
the Group
* Strong operating cash flow performance
* 10 bolt-on acquisitions announced and completed for an aggregate
consideration of approximately £170 million.

* North America
* Revenue down c.10%, c.5% in constant currency
* Trading profit down more than 40%, c.40% in constant currency
* Previously announced headcount reduction of 3,000 people achieved in
year to date, giving annualised savings of £60 million.

* Europe
* Revenue up c.17%, c.15% in constant currency
* Trading profit up 1%
* Good performance in UK, Nordic region, Switzerland and the Netherlands
offset by lower profits in France, Austria and Italy.

* Outlook
* Market conditions are likely to worsen
* Continuing action to be taken to cut cost base and curtail capital
spend.


Chip Hornsby, Group Chief Executive of Wolseley, said:

"We have acted decisively and rapidly in response to the challenging market
conditions to take cost out of the Group and will continue to do so. We remain
committed to our strategy and are confident that with our size, scale, financial
strength and operating efficiencies, we will emerge from this slowdown as a
stronger Group with an excellent platform for future growth."


Overview

For the five months ended 31 December 2007, the Group's results continued to be
affected by the worsening US housing market, low consumer confidence arising
from global credit restrictions and the weakness of the US dollar. Whilst the
liquidity squeeze has particularly affected the USA, consumer uncertainty is
also having some impact on European markets. Against this background, the Group
has taken further action to adjust its cost base and has continued to focus on
exploiting opportunities for profitable organic growth, value-enhancing
acquisitions and strong cash flow generation.

A variety of management actions have been taken to adjust the Group's cost base
in response to the deteriorating market conditions. Over the last year, in the
USA, significant headcount reductions in Stock and in Ferguson, have been
achieved. In Europe, more modest headcount reductions have been implemented. In
France and Central and Eastern Europe, further rationalisation and integration
of businesses has been undertaken. In both continents, there is a general
headcount freeze and decisions have been taken to reduce discretionary revenue
spending and capital spend. As previously announced, action has also been taken
to streamline central management resource.

Group revenue in the five months ended 31 December 2007, including acquisitions,
increased by 2% compared to the corresponding period in the prior year. Trading
profit was down by around 25%. In constant currency, revenue and trading profit
would have been around 2% higher than the reported figures in sterling.

The rigorous focus on cash flow and working capital improvement continues.
Operating cash flow for the first five months of the year showed a strong
increase compared to the equivalent period in the prior year. As a result, the
interest charge for the first five months is only marginally up on the
corresponding period, despite higher interest rates and the full period impact
of financing the acquisition of DT Group.

The Group's financial position remains strong, with net debt at 31 December 2007
around 15% higher than at 31 July 2007 following bolt-on acquisitions made
during the period, giving gearing of 82% (31 July 2007: 72%). Interest cover was
4.5 times.

Further details of market conditions and financial performance in each of the
Group's businesses are set out below.


North America

In North America, revenue in the five months ended 31 December 2007 in sterling,
including acquisitions, decreased by around 10% compared to the corresponding
period in the prior year. Trading profit was down by more than 40% reflecting
the loss reported by Stock, lower profitability in Ferguson and currency
translation. In constant currency, the revenue and trading profit decline would
have been around 5% and 3% lower, respectively, than for the reported figures in
sterling.

The Group's US results have been affected by the continuing decline in US
housing starts, falling consumer confidence and a weakening US dollar.

Ferguson continued to gain market share and, although benefiting from the
commercial and industrial sector that continued to grow, was adversely impacted
by a weakening new residential market and a slowing repairs, maintenance and
improvement (RMI) market. Revenue in local currency for the five months ended 31
December 2007 was up around 3% due to acquisitions, with organic revenue growth
being down around 3%. Trading profit was also around 3% lower. Since 1 August
2007 headcount has been reduced by 1,500 which will give rise to annualised
savings of £38 million.

At Stock, local currency revenue and trading profit have been impacted by the
continuing slowdown in the new residential market, which has also created
increased price competition. Housing starts in the USA have fallen 26% from an
average annual rate of around 1.614 million in the five months ended 31 December
2006 to 1.196 million in the five months ended 31 December 2007.

Stock's revenue is down by just over 25%, principally reflecting a 26% decline
in organic sales volumes, including the effect of previous branch closures (4%)
and price fluctuations in lumber and panels. Despite reducing headcount by a
further 1,500 in the first quarter, Stock's trading loss for the five month
period was just over £25 million compared to a trading profit of around £45
million in the comparable period in the prior year. These headcount reductions
will give rise to annual savings of £22 million. Acquisitions contributed around
£20 million (2%) to revenue growth. Stock has made progress in diversifying its
business, both organically and by acquisition, and continues to outperform in
most of its major markets.

The Canadian residential market continued to hold up well and has not been
significantly impacted by the factors affecting the US housing market. Wolseley
Canada achieved local currency revenue growth of more than 3%, although trading
profit was around 15% lower, due to branch closure costs of around C$4 million
(£2 million) and the inclusion of property gains in the comparative period.


Europe

The global liquidity squeeze has had some impact on European consumer
confidence, although the effect has not been as significant as that in the USA.
Revenue in sterling for Europe, including acquisitions, increased by around 17%
in the five months ended 31 December 2007, whilst trading profit was up 1%.
Excluding DT Group, which was acquired on 25 September 2006, European revenues
were up by around 4% whilst trading profit was almost 20% lower due to a
disappointing performance in France and some initial disruption, now
diminishing, caused by the IT systems implementation in Austria and the new
distribution centre (DC) in Italy.

Revenue for the UK and Irish businesses increased by 3%, the majority of which
was organic growth with a positive performance in the UK being partly offset by
tougher trading conditions in Ireland where housing starts were around 50% lower
and the RMI market is also weaker. Overall trading profit was up by around 1%
but the trading margin was slightly lower, as a result of the lower
profitability in Ireland.

There are increasing signs that the UK housing market is slowing in response to
the lower availability and increased cost of mortgage financing. In addition,
the rate of growth in the UK RMI market has been weakening in response to
deteriorating consumer sentiment and tighter credit conditions. Government
expenditure on social housing, health and education remains positive.

Wolseley France had a slower start to the financial year, partly reflecting
previously announced internal restructuring and start up issues at the new
national DC in Orleans, but also reflecting a generally less positive business
environment, including the effect of French national industrial disruption.
However, the performance of the DC continues to improve. Constant currency
revenue for the five months ended 31 December 2007 was marginally up on the
prior year and trading profit is down by around 35%, including previously
announced restructuring costs of Euro4 million (£3 million) relating to headcount
reductions.

Overall, markets in the Nordic region have generally held up well. The Danish
new housing and DIY markets continued to slow in response to higher interest
rates and the recent rate of growth in the professional market has been more
modest. The Swedish DIY market has also started to slow but other markets in the
Nordic region remained robust. DT Group continues to perform well with growth in
revenue and trading margin compared to last year. For the five months ended 31
December 2007 reported revenue, in sterling, was £879 million with a trading
margin of just over 6%. This reflects the seasonal nature of the business
compared to the trading margin of more than 7% reported for the first three
months.

The Group's Central and Eastern European businesses showed modest revenue growth
due to acquisitions. Trading profit was higher in Switzerland and the
Netherlands, with strong market outperformance, but was down in the other
regions. Overall for the division, trading profit in the period was almost half
that in the comparable period as a result of lower than expected revenue growth,
business disruption associated with the new IT systems implementation in Austria
and adjusting the infrastructure to accommodate the DC in Italy. During the
continuing integration process there will be further rationalisation
opportunities and subsequent cost reductions.


Acquisition Update

Since the beginning of the financial year on 1 August 2007, a total of 10
bolt-on acquisitions in Europe and North America have been announced and
completed for an aggregate consideration of approximately £170 million. These 10
acquisitions are expected to add approximately £219 million to Group revenue in
a full year and will be beneficial to the Group's trading margin in the current
financial year.


Outlook

The Board expects business conditions in a number of the Group's markets to
become more challenging over the next few months. Action will continue to be
taken in the remainder of the current financial year to reduce the Group's cost
base and to curtail capital expenditure.

In the USA, the housing market is likely to deteriorate further until the
current high levels of unsold inventory have declined and the full effects of
problems in the sub-prime market have been assimilated. These conditions,
together with reduced availability of credit, are expected to put further
pressure on the RMI market. The commercial and industrial market is expected to
show modest growth for the majority of the current financial year given the
longer lead times of many large projects within this sector. The Group expects
to continue to drive competitive advantage and increased market share from the
distribution centre network, customer focus and to exploit opportunities arising
from the impact that weakening markets will have on competitor positions.

There are signs of further weakening in some European markets as a result of
lower consumer confidence, credit pressures and the increased cost of credit.
The majority of the Group's activity in Europe is driven by the RMI and
commercial and industrial segments which are expected to be more robust,
although the rate of growth in RMI activity is likely to slow.

Management will continue to focus on opportunities for profitable growth whilst
achieving strong cash flow generation and an efficient cost base, appropriate to
the market conditions. The Board is confident that the Group will emerge from
the downturn as a stronger organisation with an excellent platform for future
growth.



There will be an analyst and investor meeting at 0930 (UK time) today at UBS, 1
Finsbury Avenue, London, EC2M 2PP. The meeting can also be accessed by
conference call:

UK free phone dial-in number: 0800 032 4094
US free phone dial-in number: 1866 239 0750
Rest of the World dial-in number: + 44 (0)20 7138 0809

Password: Wolseley/4115336

Slides relating to the meeting will be available on www.wolseley.com.

The meeting will be recorded and available on www.wolseley.com after the event.
It will also be available for playback until 28 January 2008 on the following
numbers:

UK free phone number: 0800 559 3271 4115336#
US free phone number: 1866 883 4489 4115336#
UK/European replay dial-in number: [phone] 4115336#



Exchange Rates

The average profit and loss account translation rate for the five months ended
31 December 2007 was $2.03 to the £1 compared to $1.91 for the comparable period
last year, a weakening of 5.9%, and Euro1.43 to the £1 compared to Euro1.48, a
strengthening of 3.4%, compared to the prior year.

Trading profit, a term used throughout this announcement, is defined as
operating profit before the amortisation and impairment of acquired intangibles.
Trading margin is the ratio of trading profit to revenue stated as a percentage.


ENQUIRIES:

Analysts/Investors:

Guy Stainer [phone]
Group Investor Relations Director [phone]

John English [phone]
Vice President, Investor Relations, North America [phone]

Media:

Mark Fearon [phone]
Director of Corporate Communications

Brunswick [phone]
Andrew Fenwick
Kate Miller


Notes to Editors

Wolseley plc is the world's largest specialist trade distributor of plumbing and
heating products to professional contractors and a leading supplier of building
materials in North America, the UK and Continental Europe. Group revenue for the
year ended 31 July 2007 was approximately £16.2 billion and operating profit,
before amortisation and impairment of acquired intangibles, was £877 million.
Wolseley has around 77,000 employees operating in 28 countries namely: UK, USA,
France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech
Republic, Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway, Slovak
Republic, Poland, Romania, Croatia, San Marino, Panama, Puerto Rico, Trinidad &
Tobago, Mexico, Barbados and Greenland. Wolseley is listed on the London Stock
Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies.

Certain information included in this release is forward-looking and involves
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by forward-looking statements. Forward-looking
statements include, without limitation, projections relating to results of
operations and financial conditions and the Company's plans and objectives for
future operations, including, without limitation, discussions of expected future
revenues, financing plans and expected expenditures and divestments. All
forward-looking statements in this release are based upon information known to
the Company on the date of this report. The Company undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result of
new information, future events or otherwise.

It is not reasonably possible to itemise all of the many factors and specific
events that could cause the Company's forward-looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an international Group such as Wolseley. Information on some
factors which could result in material difference to the results is available in
the Company's Annual Report to shareholders for the year ended 31 July 2007.



- ENDS -




This information is provided by RNS
The company news service from the London Stock Exchange

END
TSTEAXFPFAEPEFE

[puffin1] 20/1/2008 20:12

waldron,
Is the Marisco Tavern still going on the Island ? must make the trip back over and stay a few nights. As for KGF i will buy more if it drops below 120p.

[puffin1] 20/1/2008 12:45

Are not Brandes the funds that bought big M/S before phil green tried to buy it ( 200p ) ,and made a fortune selling out at 600p--650p !.If so there must clearly be good value in KGF.

[waldron] 19/1/2008 17:31

In the wrong place at the wrong time
By Tom Braithwaite

Published: January 19 2008 02:00 | Last updated: January 19 2008 02:00

Home improvement is not the place to be in as a housing-led consumer downturn gathers speed. Add in the precipitous decline in the retail sector and you have a piquant recipe for trouble. Kingfisher, operator of B&Q in the UK, has fallen victim to the potential mess. Its shares are plumbing their lowest depths in more than 17 years. To compound the state of disarray, Gerry Murphy, chief executive, is due to leave in a matter of weeks. In spite of a bounce yesterday helped by buying from Brandes, the US fund, the DIY group's shares have fallen by 54 per cent from their 12-month high last March. As the biggest non-food retailer in the UK after Marks and Spencer, that decline has shorn £3.7bn from Kingfisher's market capitalisation. In the UK, like-for-like sales data this week from Homebase, the closest competitor to B&Q, showed a decline of 6.8 per cent, adding to the gloomy picture. Tony Shiret, analyst at Credit Suisse, cut his 2009 pre-tax profit forecast for Kingfisher from £415m to £375m on the back of its rival's performance. A forward price/earnings ratio of about 11 times is a premium to the battered retail sector and looks too high. Tom Braithwaite



source:FT

[waldron] 19/1/2008 10:22

Kingfisher Holding(s) in Company




RNS Number:0873M
Kingfisher PLC
18 January 2008


TR-1(i): notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached(ii):

KINGFISHER PLC


2. Reason for the notification (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights YES

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________


3. Full name of person(s) subject to the notification obligation BRANDES INVESTMENT PARTNERS, L.P.
(iii):

4. Full name of shareholder(s) (if different from 3.)(iv): Various clients of Brandes Investment
Partners, L.P.


5. Date of the transaction (and date on which the threshold is 9 November 2007
crossed or reached if different)(v):

6. Date on which issuer notified: 18 January 2008

7. Threshold(s) that is/are crossed or reached: 5%

8. Notified details:


A: Voting rights attached to shares

Class/type of shares Situation previous to the Resulting situation after the triggering transaction
Triggering transaction (vi) (vii)
if possible using Number of Shares Number of Number of Number of voting rights ix % of voting rights
the ISIN CODE Voting shares
Rights
viii Direct Direct x Indirect xi Direct Indirect

ISIN CODE 111,593,618 4.76% None 118,049,678 None 5.04%
Ordinary shares
US4957244035


B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial Expiration date Exercise/ Conversion Number of voting rights % of voting
instrument xiii Period/ Date xiv that may be acquired if rights
the instrument is
exercised/ converted.



Total (A+B)
Number of voting rights % of voting rights

118,049,678 ordinary shares 5.04%








9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:

N/A


Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting rights: N/A


13. Additional information: N/A
14. Contact name: PEGGY ANG, BRANDES INVESTMENT PARTNERS, L.P.
15. Contact telephone number: 858-755-0239



Annex Notification Of Major Interests In Shares xvi
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities) KINGFISHER PLC
Contact address (registered office for legal entities)

3 SHELDON SQUARE, PADDINGTON, LONDON, W2 6PX
Phone number 020 7372 8008
Other useful information (at least legal representative JULIE WILSON
for legal persons)
ASSISTANT COMPANY SECRETARY



B: Identity of the notifier, if applicable xvii
Full name
Contact address
Phone number
Other useful information (e.g. functional relationship
with the person or legal entity subject to the
notification obligation)


C: Additional information


Notes

--------------------------


(i) This form is to be sent to the issuer or underlying issuer and
to be filed with the competent authority.


(ii) Either the full name of the legal entity or another method
for identifying the issuer or underlying issuer, provided it is reliable and
accurate.


(iii) This should be the full name of (a) the shareholder; (b) the
person acquiring, disposing of or exercising voting rights in the cases provided
for in DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in
DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments
entitled to acquire shares already issued to which voting rights are attached,
as appropriate.

In relation to the transactions referred to in points DTR5.2.1 (b) to (h), the
following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in DTR5.2.1 (b), the person that
acquires the voting rights and is entitled to exercise them under the agreement
and the natural person or legal entity who is transferring temporarily for
consideration the voting rights;

- in the circumstances foreseen in DTR 5.2.1 (c), the person
holding the collateral, provided the person or entity controls the voting rights
and declares its intention of exercising them, and person lodging the collateral
under these conditions;

- in the circumstances foreseen in DTR5.2.1(d), the person who has
a life interest in shares if that person is entitled to exercise the voting
rights attached to the shares and the person who is disposing of the voting
rights when the life interest is created;

- in the circumstances foreseen in DTR5.2.1 (e), the parent
undertaking and, provided it has a notification duty at an individual level
under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those
situations, the controlled undertaking;

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker
of the shares, if he can exercise the voting rights attached to the shares
deposited with him at his discretion, and the depositor of the shares allowing
the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in DTR5.2.1 (g), the person that
controls the voting rights;

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder,
if he can exercise the voting rights at his discretion, and the shareholder who
has given his proxy to the proxy holder allowing the latter to exercise the
voting rights at his discretion.


(iv) Applicable in the cases provided for in DTR 5.2.1 (b) to (h).
This should be the full name of the shareholder or holder of financial
instruments who is the counterparty to the natural person or legal entity
referred to in DTR5.2.


(v) The date of the transaction should normally be, in the case of
an on exchange transaction, the date on which the matching of orders occurs; in
the case of an off exchange transaction, date of the entering into an agreement.


The date on which threshold is crossed should normally be the date on which the
acquisition, disposal or possibility to exercise voting rights takes effect (see
DTR 5.1.1R (3)). For passive crossings, the date when the corporate event took
effect.

These dates will usually be the same unless the transaction is subject to a
condition beyond the control of the parties.


(vi) Please refer to the situation disclosed in the previous
notification, In case the situation previous to the triggering transaction was
below 3%, please state 'below 3%'.

vii If the holding has fallen below the minimum threshold , the notifying party
should not be obliged to disclose the extent of the holding, only that the new
holding is less than 3%.


For the case provided for in DTR5.2.1(a), there should be no disclosure of
individual holdings per party to the agreement unless a party individually
crosses or reaches an Article 9 threshold. This applies upon entering into,
introducing changes to or terminating an agreement.

viii Direct and indirect

ix In case of combined holdings of shares with voting rights
attached 'direct holding' and voting rights 'indirect holdings', please split
the voting rights number and percentage into the direct and indirect columns-if
there is no combined holdings, please leave the relevant box blank.

X Voting rights attached to shares in respect of which the
notifying party is a direct shareholder (DTR 5.1)

xi Voting rights held by the notifying party as an indirect
shareholder (DTR 5.2.1)

xii If the holding has fallen below the minimum threshold, the
notifying party should not be obliged to disclose the extent of the holding,
only that the new holding is below 3%.

xiii date of maturity / expiration of the finical instrument i.e.
the date when the right to acquire shares ends.

xiv If the financial instrument has such a period-please
specify the period- for example once every three months starting from the (date)

xv The notification should include the name(s) of the controlled
undertakings through which the voting rights are held. The notification should
also include the amount of voting rights and the percentage held by each
controlled undertaking, insofar as individually the controlled undertaking holds
3% or more, and insofar as the notification by the parent undertaking is
intended to cover the notification obligations of the controlled undertaking.

xvi This annex is only to be filed with the competent authority.

xvii Whenever another person makes the notification on behalf of the
shareholder or the natural person/legal entity referred to in DTR5.2 and
DTR5.3.


This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLFVLFFVFBEBBK

[deanforester] 18/1/2008 18:29

Templeton yesterday and Brandes today.

Beginning to look interesting.

[mustyair] 18/1/2008 15:01

Big cheeses buying in, keeping the price up for now.
After such a long decline, if this is the bottom, there will still be a lot of base building to do yet.

[merob] 17/1/2008 09:31

Thanks for that Mustyair..

[mustyair] 16/1/2008 16:32

I'm in the middle of decorating at present so missing the action.
Stripped the paper off and the plaster has more holes and cracks in it than a set of government statistics.
House price drop might encourage people to stay put and B&Q it, and with inflation on the up they can't afford to get the builders in to do it for them.
But speculation by me or anyone else has no bearing on the share price, thats down to where the big money moves.
A GOOD SITE FOR ANYONE FOLLOWING PRECIOUS METAL PRICES.... www.kitco.com

[ariane] 15/1/2008 15:09

one of many richaims