Kingfisher Share Discussion Threads

[mustyair] 11/8/2008 15:44

Closing above the 200 day sma for first time in over a year!
No fundamental reason to be here, but with the neck line of an inverse head and shoulder pattern down at about 125, TA says further to go.

[diku] 11/8/2008 14:17

and still going up...RSI is looking a bit overbought here...

[yewtrees] 08/8/2008 11:27

Still going up!

[sheps2] 06/8/2008 10:25

Perhaps a change of name might be considered. Just 'B'. Cannot imagine there are too many Queue's these days!!

[sheps2] 06/8/2008 10:01

Far too high at £1.32, a miserable summer, worse consumer confidence figures in over a decade and margins being slashed to try and boost sales.
To cap it all there will be big write down's re China closures and most likely a re-valuation of property assets not only here but around Europe too.
Profits will have to look extremely bad on the publishing of interims.
Bears should tuck in now, back to 90p looks much more realistic for this beleagured company.

[puffin1] 05/8/2008 22:40

Not if a large order is being filled.

[diku] 05/8/2008 21:31

well the price moved quicker today than the queue...

the price action intraday in the middle for over 4hrs was capped at 130p..a bit strange...

[electricsmile] 01/8/2008 15:20

like standing in a queue at B and Q don't expect things to move along too quickly.

[puffin1] 01/8/2008 10:24

Has China been disposed of Yet as well, if it has i missed it as that was or is a drain on cash, lets see KGF open a few more stores in Poland ect ! This sale should reflect well on the balance sheet and when one looks at the market i see it as positive. Should think Brands ect are still adding looking at the volume.

[grupo guitarlumber] 01/8/2008 06:07

Kingfisher Disposal




RNS Number : 4280A
Kingfisher PLC
01 August 2008





Friday 1 August 2008


Kingfisher plc announces agreement to sell Castorama Italy for euro 560 million


Kingfisher plc, Europe's leading home improvement retailer, today announces a binding
agreement to sell its Castorama Italy business to
Groupe Adeo S.A. for a total cash consideration of euro 560 million (£440 million1), before
an adjustment for profit generated from 1 July
2008 to completion. The sale is conditional upon European Community Merger Regulation
clearance and is expected to be completed during the
fourth quarter of 2008. The proceeds of the sale will be used to reduce Kingfisher's net debt.

Castorama opened its first store in Italy in 1988 and now has 31 stores and employs over
2,200 people. In the year to 2 February 2008,
the business recorded a retail profit of £29 million (2006/07: £31 million) and sales of
£314 million (2006/07: £312 million). It had gross
assets of £471 million and net assets of £341 million.

Commenting on the sale, Ian Cheshire, Kingfisher's Group Chief Executive, said: "This sale
is consistent with our aim of delivering a
step-change in shareholder value and is a good deal at this point in the economic cycle. We
have built a successful and profitable business
in Italy which now needs more capital to continue its development. We believe we can achieve
higher incremental returns on capital
elsewhere in Europe and strengthen our balance sheet by reducing our net debt.

"I wish the business continued success under its new owners and personally thank all our
colleagues at Castorama Italy for their hard
work and commitment over the years."

1 Using an exchange rate of £1 = 1.272 euro.


Notes to editors


Kingfisher plc is Europe's leading home improvement retail group and the third largest in
the world, with nearly 850 stores in nine
countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dôt and
Screwfix. Kingfisher also has a 21% interest in, and
strategic alliance with Hornbach, Germany's leading large format DIY retailer.

In June, Kingfisher announced seven key steps for driving a step-change in shareholder
value. These are:
* Driving up B&Q's profit
* Exploiting our UK Trade opportunity
* Expanding our total French business
* Rolling out in Eastern Europe
* Turning around B&Q China
* Growing Group sourcing
* Reducing working capital


Groupe Adeo is a privately owned French home improvement retailer with operations in nine
countries. Its main brands include Leroy
Merlin, BricoCenter and Bricoman. It recorded sales of euro 9 billion last year.

UBS Investment Bank acted as financial adviser to Kingfisher on the disposal of our
Castorama business in Italy. Freshfields Bruckhaus
Deringer acted as legal adviser.


Enquiries:

Ian Harding, Group Communications Director 020 7644 1029

Nigel Cope, Head of Communications 020 7644 1030

Sarah Gerrand, Head of Investor Relations 020 7644 1032

Further copies of this announcement can be downloaded from www.kingfisher.com or by
application to: The Company Secretary, Kingfisher
plc, 3 Sheldon Square, London, W2 6PX.

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

END

DISFKDKPPBKKCFK

[puffin1] 25/7/2008 16:55

Elsewhere, Kingfisher was hit by profit taking, down 4.1 at 120.2, after rallying Thursday on the back of its pleasing second quarter updat

[mustyair] 25/7/2008 09:21

How much bad news actually priced in at any one time? Impossible to say.
More pain for KGF is certain, but the extent to which the share price is affected is another matter entirely.

[kiwi2007] 24/7/2008 12:55

Anecdotal I know but I'm told a local West Yorkshire supplier of manufactured wood products to B&Q has recently cut all (25) of it's workers and just kept foremen and management on... not sure how that squares with today's statement though?

[puffin1] 24/7/2008 12:19

Bring on the BEARS !! Sheps2
I am as i made a tidy profit. And if it goes sub £1 i will be quite happy to buy more to hold and trade.

[sheps2] 24/7/2008 11:53

Am not impressed with update today, bears will get back in soon.

[puffin1] 24/7/2008 07:37

Great news

[diku] 24/7/2008 07:27

looks like a nicely worded statement...a touch of good PR skills at play...nice to see price responding to the upside...

[diku] 24/7/2008 07:00

noticed they parked the share price at Jan intraday lows...

[ariane] 24/7/2008 06:20

Pre-Close Sales Update (Kingfisher)




RNS Number : 7573Z
Kingfisher PLC
24 July 2008


EMBARGOED UNTIL 0700 HOURS
Thursday 24 July 2008


Kingfisher plc
Unaudited pre-close sales update to 12 July 2008

Constant currencies
23 weeks to 12 July 2008 10 weeks to 12 July 2008
Retail Sales (1) % Total Change % LFL % Total % LFL
Change Change Change

UK (2) 0.5% (4.7)% 5.1% (0.5)%
France (3) 3.0% (1.1)% 3.3% (0.6)%
Other International (4) 6.9% (1.9)% 4.8% (4.7)%
Total Group 2.6% (2.9)% 4.4% (1.5)%

* All figures are on a constant currency basis. Joint Venture (JV) and Associate sales
are not consolidated. Data is provided for
the 23 and 10 weeks to 12 July 2008, with the exception of Russia and China which are reported
for the 26 and 13 weeks to 30 June 2008.
* B&Q, Screwfix and Trade Depot.
* Castorama and Brico Dôt.
* Poland, China, Italy, Spain, Ireland and Russia. South Korea included in
comparatives only.
All trading commentary below is in constant currencies.

* 10 week total sales up 4.4%, down 1.5% on a like for like (LFL) basis;
* UK market remained tough but total sales were up 5.1%, boosted by stronger seasonal
sales and Screwfix trade counter openings.
Margin and cost improvements helped offset a small LFL sales decline;
* Outside the UK (which accounts for over half of Group sales), total sales were up
3.9% boosted by a strong performance in Poland.
Total sales in France grew 3.3% in a slower market and China sales declined due to a weak
housing market and less discounting.

Ian Cheshire, Kingfisher's Group Chief Executive, said:

"We have achieved sales growth and taken action to improve gross margins and manage costs
in all our major markets. As anticipated the
UK market remains extremely tough, but we are trading solidly.

"We are cautious about the consumer outlook, however, I am confident that the investments
made in recent years have improved our value
credentials and customer offer, particularly in the UK and France, leaving us well placed to
trade effectively in difficult times. Having
now completed the appointments to the Retail Board, I believe we have the right experience and
strong leadership to manage the business in a
more challenging environment and also make progress with our seven steps for creating more
value for our shareholders."
All figures and comments below refer to the 10 weeks to 12 July (1)

UK
B&Q total sales grew 3.7% (+0.2% LFL) with sales of seasonal categories up nearly 20%,
compared with the same weather-affected period
last year, offset by weakness in non-seasonal indoor products. The gross margin percentage
continued to benefit from lower mark down
activity, sales of higher margin decorative ranges and less clearance activity compared to the
same period last year. Kingfisher's UK trade
businesses, Screwfix and Trade Depot, delivered strong total sales growth of 18.7%, supported
by 13 new openings.

FRANCE
Castorama sales grew 4.3% (+2.7% LFL, +3.5% comparable store basis), with new decorative
ranges and outdoor products performing well,
supported by new catalogues. Brico Dpt sales were up
2.2% (-4.8% LFL), impacted by fewer housing starts (down 31%) and less planning consents (down
19%). Gross margins across both businesses
were up due to higher own-brand sales penetration and less promotional activity.

OTHER INTERNATIONAL
Sales in other international markets grew 4.8% (-4.7% LFL) with 24 new stores trading
(excluding Turkey JV) compared with the same period
last year. Castorama in Poland delivered strong sales growth of 18.8% (+9.3% LFL) in a buoyant
market. Sales for Castorama Italyincreased
5.1% (-0.5% LFL) in a weak market. B&Q China declined 24.5% (-28.5% LFL), reflecting market
weakness driven by housing regulation changes
and the significant reduction in unprofitable deep discounting and special promotions. Work on
reengineering ranges and revamping stores in
2009 is underway and the reinforced management team will be fully in place in Q3.

Kingfisher plc will announce its interim results for the 6 months to 2 August 2008 on 18
September 2008.

Enquiries:
Ian Harding, Group Communications Director 020 7644 1029
Nigel Cope, Head of Communications 020 7644 1030
Sarah Gerrand, Head of Investor Relations 020 7644 1032

Kingfisher plc is Europe's leading home improvement retail group and the third largest in
the world, with nearly 850 stores in nine
countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dôt and
Screwfix. Kingfisher also has a 21% interest in, and
strategic alliance with Hornbach, Germany's leading large format DIY retailer.

In June, Kingfisher announced seven key steps for driving a step-change in shareholder
value. These are:
* Driving up B&Q's profit
* Exploiting our UK Trade opportunity
* Expanding our total French business
* Rolling out in Eastern Europe
* Turning around B&Q China
* Growing Group sourcing
* Reducing working capital

Further copies of this announcement can be downloaded from www.kingfisher.com or by
application to: The Company Secretary, Kingfisher
plc, 3 Sheldon Square, London, W2 6PX.

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

END

TSTBRGDRSSDGGIX

[diku] 23/7/2008 10:48

near 30% rally from recent lows...

[mustyair] 20/7/2008 09:33

nice bounce from 90p could reach 116p area, but I'm not brave enough for this volitility.
Don't forget thursday update!
If it isn't as bad as expected could see more upside short term, but.... trend is still very much down.

[sheps2] 18/7/2008 12:57

Puffin. One swallow doesnt make a summer. Oil has fallen mainly to long positions being realised. However with US Dollar so weak and set to weaken further as borrowing increases will compound that issue.
That suggests to me higher oil prices than what we have seen already.
Basic economics of more US internal debt, higher inflation are here for a long time.

[diku] 17/7/2008 21:05

sheps2

I echo your post of 217...it is one big merry go round in the listed companies...easy come easy go...laughing all the way to the bank!!:)...

I am beginning to think the new CEO might be all talk and no action...he has more control of the entire group now than when he was in charge of just B&Q...need to give him more time to shine but the economic conditions are against him in the short/medium term...

[puffin1] 17/7/2008 12:21

God will people ever stop peddling the Doom and Gloom,Look on the bright side the Woolwich have dropped there interest rates and fees and oil has come of it's highs so the world will not end yet.