Kingfisher Share Discussion Threads

[losses] 20/2/2008 17:03

Likewise musty, Sold out yesterday. Will buy back in depending on results

[mustyair] 20/2/2008 09:08

Big day tomorrow.
If the price stays about here underneath a very thick bit of Itchimoko cloud, Kgf can suffer a shock horror drop of 15% and still not breach previous lows. But next months results will be the tester.
I have never liked to hold shares around results time, as I have suffered in the past from wild mood swings of investors.

[d s patterson] 19/2/2008 09:18

where does it say that? I cannot find it on the website perhaps it's the paper?

[wyorke] 19/2/2008 08:40

FT say, KGF shares have total =12.5%, short ...
so very careful..., just waiting to see,,,,
if down to 120p, think buy..

[mustyair] 18/2/2008 08:57

Losses , I agree with sr2day.
If you believe in fibonacci retracements / extensions then below the 120p area is 78.6% at 96p and 100% at 75p (see post 115 7th jan.)
All very approximate and purely speculative targets.
The candle chart should give the best indication of a reversal at the time.
DYOR

[losses] 17/2/2008 23:27

You could be right SR2.. Some analysts predicting improved trading results whilst others are saying the profits will be down by 3%. This is according to weekend papers.

[sr2day] 16/2/2008 20:28

this will definitely go below 120p again.reult and dividends will decide which way it goes after that.in the present climate if the div is cut to 5.5 p i would not be surprised then if the share price goes under 100p.

[losses] 16/2/2008 20:21

Musty, what price you waiting for? I will be buying more on weakness but also depending the trading update.

[mustyair] 16/2/2008 11:50

Losses, KGF broke below recent support at 132p on friday, suggesting more downside to come. I'm waiting before going back in.

[losses] 15/2/2008 18:28

Preliminary results 27.03.08
Fourth Quarter trading update 21.02.08

[losses] 15/2/2008 16:32

Bought in today for a future recovery play.

[losses] 15/2/2008 15:16

Kingfisher also said that since its last trading update on Nov 29 it has
traded "broadly in line with its expectations." The group will announce its
fourth quarter sales update, covering the 13 weeks to Feb 2, on Feb 21.
Bubb reckons the "broadly in line" comment probably equates to another small
profit downgrade.
Freddie George, analyst at Evolution Securities, reckons Cheshire's
appointment could stimulate speculative interest in the stock.
"We are retaining our 'buy' recommendation although in the short term there
will be concern that there is further downside to earnings and the dividend is
likely to be cut from 10.65 pence to 5.5 pence when final results are
announced," he said.

[diku] 10/2/2008 23:15

Yes in these markets The Good, The Bad and The Ugly are hit for a six inspite of fair to good results under the market/economic conditions that are at play...

[bohemia] 08/2/2008 09:36

UBS, the house broker have cut to neutral and "trading sell". EPS for next year and the one after cut to 11p.

[mustyair] 08/2/2008 08:46

The trading statement on the 21st and prelim results on the 27th.
Lets hope the news is OK, in this present market anything less than great and the share price is hammered, look what happened to GSK and BT.A yesterday. Hopefully Brands will be in there to bail KGF out.

[diku] 06/2/2008 22:26

Kingfisher plc ("the Company") today announces that its new Group Chief
Executive, Ian Cheshire, purchased 268,924 ordinary shares at a price of 148p
each on Friday 1 February 2008. This purchase was made in line with the
conditions of his recruitment award detailed below.

[mustyair] 06/2/2008 08:44

diku
the only way to benefit from these spikes is a) be sure of your ground b) feel lucky c) place a hidden limit order before market opens. Guessing the amount has got to be the tricky bit, you study previous form and aren't too greedy. I've sold out like this a couple of times and missed out a couple with too high a limit.
The drop continues.
The S&P broke the neck line of a head & shoulders 3 weeks ago. It has tested and failed upto now. This could mean a drop to 1175 area. DYOR.
If you are interested in TA try a Steve Nison book, and watch the free video clips at www.candlecharts.com
'May the candles light your path to greater profits'

[diku] 05/2/2008 12:24

mustyair

I also missed the opportunity to sell first thing yesterday morning around the 158p level...though it was very short lived...matter of seconds...will have to just sit it out...

sr2day

since the tech boom and bust it has never been a fair market...just one giant casino...one can never tell the true intentions and motives of broker recommendations...

[sr2day] 05/2/2008 12:09

marketmakers are a bunch of crooks.it is not a fair market.on level 2 one can see how the share price is maipulated.and they even refuse to allow one to trade above 5000 shares when the odds are against them.pathetic.

[mustyair] 05/2/2008 12:05

It is beginning to look like the market makers were trying to drag in a few unsuspecting bulls yesterday, ready for the drop today. RSI was into overbought anyway, so it should not be a surprise.

[waldron] 04/2/2008 18:58

Kingfisher upgraded to "buy"
10:11a.m. - Deutsche Bank
LONDON, February 4 (newratings.com) - Analysts at Deutsche Bank upgrade Kingfisher PLC (KGF-GBX) from "hold" to "buy." The target price has been raised from 155p to 185p.

In a research note published this morning, the analysts mention that the company's B&Q unit has indicated that its performance would recover in the forthcoming three years. The rollout of the trade discount card by the segment throughout the UK in the short term is likely to drive improvement in trade penetration going forward, the analysts say. There is greater possibility of B&Q improving its margins going forward, Deutsche Bank adds.

[waldron] 04/2/2008 18:45

Kingfisher upgraded to "buy"
10:11a.m. - Deutsche Bank
LONDON, February 4 (newratings.com) - Analysts at Deutsche Bank upgrade Kingfisher PLC (KGF-GBX) from "hold" to "buy." The target price has been raised from 155p to 185p.

In a research note published this morning, the analysts mention that the company's B&Q unit has indicated that its performance would recover in the forthcoming three years. The rollout of the trade discount card by the segment throughout the UK in the short term is likely to drive improvement in trade penetration going forward, the analysts say. There is greater possibility of B&Q improving its margins going forward, Deutsche Bank adds.

[mustyair] 04/2/2008 16:25

diku, the spike gave a great selling opportunity, but I didn't have a clue what was going on until it was all over.
I'm still guessing Kgf will drift lower, but is only an opinion, & I will wait for that.

Yewtrees.
All the builders merchants do the bacon buttie breakfast from time to time, often with a free copy of the Sun or the Star . Gets them in on a cold wet morning.