Kingfisher Share Discussion Threads

[maxidi] 10/9/2009 19:43

I frequently shop in Brico depot and Castorama in Poitiers France, I live nearby.

Brico seems to be doing very well. Always a queue at the tills and Castorama likewise.

By far the best DIY source around IMHO.

[soundman2] 03/9/2009 12:23

Maybe there is a Banking problem, but back to fundamentals...

The B&Q Extra format is a wonder with decent presentation rather than the normal tips of broken packs everywhere. At New Malden on Monday it was stacked with buyers and I understand took £250,000.

The footfall is there and pain is showing @ Focus, Robert Dyas etc. then it must be a buy. The current consolidation zone 200 - 215 needs to be breached and follow the direction. Longer term it is a buy whatever direction the short term punt takes.

Anybode know how Castorama is doing?

[stewpot2] 13/8/2009 08:13

The consensus as stated by most business organisations is that there is still a big problem with the banks. What you are seeing is an upward blip caused by fiscal stimulus and car deals. History shows that once this works through, back down again. Japan is a classic case. Most retailers will be flat at best for some time to come.

[darias] 13/8/2009 06:39

I run a small business and have no problem borrowing.

[stewpot2] 12/8/2009 16:09

I think the problem is global. People will not spend like they did for the last ten years for a long time to come. If you think banks are lending again, just ask any local small business. Don't expect a polite reply. Difficult to see where growth will come in the medium term imo.

[darias] 11/7/2009 13:40

From today's Guardian,

"Retailers bucked the downward market trend yesterday, with B&Q owner Kingfisher moving higher after a positive analyst note and suggestions it had benefited from the recent hot weather.

After meeting the company this week ahead of a trading update due on 23 July, Nick Bubb at broker Pali International issued a buy note with a 230p price target. He said: "Kingfisher's management were certainly in confident mood, focusing on the attractions of DIY retailing and identifying the clear upgrade potential in profits at B&Q, Poland and China, in the short and long term. We are now upgrading our pretax profit forecasts by 5% for 2009 (to £420m) and by as much as 18% for 2010 (to £500m)."

The company was also lifted by news from John Lewis that electrical goods – particularly fans – were flying off the shelves during last week's hot spell. Singer Capital Markets said: "This anecdote should be seen as a significant positive indicator for Kingfisher (B&Q) and Home Retail (Homebase), which both [had] substantial surplus cooling inventory after last summer's dire weather."

Kingfisher closed 1.8p higher at 188.3p, while Home Retail was 5.25p up at 271.75p."

Hope you got in on or about the 22nd M5

[darias] 03/7/2009 07:04

Further news from the Radlet depot.

1) The management in their infinite wisdom have stopped providing metal knives and forks in the canteen. They are charging 12p for plastic knifes and forks! It seems that this is the first step to closing the works canteen. Obviously this does not effect KGF but their transport company.

2) There has been a rush order for air conditioning units.

3) The supplies going through the depot are above budget.

4) Drivers been laid off in Worksop.

Regards

[yewtrees] 14/6/2009 18:27

Ordered kitchen units, handles, worktops, fridge-freezer today, all with 15% off. There were people waiting for the Lakeside store to open at 10am (Sunday) and the tills were busy.

[m5] 11/6/2009 12:28

Hmmmmmm, recently highlighted as a potential short play on Motley fool. May have a punt if we see further weakness.

[yewtrees] 11/6/2009 08:01

In refurbishing a rental property I am about to buy a fitted kitchen. I have now researched all the diy stores including trade only stores. I have decided to go for the B&Q take away kitchen especially now they have a 15% offer this weekend. The store at Lakeside displays their kitchens well and their current brochure advertising their upmarket range (Cook and Lewis) has updated traditional styles and the modern slab door range. Being on a budget, the take-away range seems to be the best value for money for my project.
I am a shareholder.

[knockers2] 04/6/2009 08:02

credit suisse upgrades

[darias] 02/6/2009 06:57

A reasonable set of results. The press place too much emphasis on China.

* Group total sales up 2.4% with outdoor seasonal product sales boosted by more favourable weather in the UK and France and a later Easter compared to last year, whilst non-seasonal sales continued to decline



* Group retail profit up 38.5%, primarily reflecting a doubling of B&Q's profit in the UK



* French sales up 1.7%, retail profit up 3.5% benefiting from cost initiatives



* UK sales up 2.9%, retail profit up 89.2%. B&Q's sales up 4.6%, LFL +3.2% and retail profit doubled benefiting from higher sales volumes and continuing
margin and cost improvements



* The Eastern European business continued to grow both sales and profit



* China restructuring underway, with store portfolio rationalised from 62 to 51 since the end of the quarter. As anticipated, sales in China continued to
decline sharply in a weak housing market



* As at 2 May 2009 net debt was GBP0.8 billion (31 January 2009: GBP1.0 billion) and net assets were GBP4.9 billion (31 January 2009: GBP4.8 billion)

[ecomk1d] 23/4/2009 08:22

debenhams going good today because of good results. these are just chugging along with the sector .. all the way upside till 200p

[darias] 23/4/2009 08:06

Teh club has dipped its beak into the water hoping to catch some nice fishes.

My son works in the distribution depot at Radlet and he states that business is 30% up on the same time last year.

Local shop in Hemel and Enfield appear busy. The company has reduced debt considerably and is making strong decisions on China. A strong rival in the kitchen fitting world (MFI) has disappeared.

It is my view that the company was over sold at the end of 2008 and has spent a year floundering at the bottom of its trading range. Looks like it can break up from here but if it doesn't dividend looks good.

[andrewlewis] 02/4/2009 19:11

gswredland

Any ideas for this high price?

[waldron] 02/4/2009 11:40

can't really say.

wouldn't be surprised if it falls back though.

[andrewlewis] 02/4/2009 08:27

Waldron

Is this a high for KGF for the past 12 months? Not too bad. Any thoughts on where it is going

[gswredland] 31/3/2009 19:08

Can't see it going much higher than this. Reaction to M and S will probably fade

[ecomk1d] 31/3/2009 12:50

i think there is resisance at the 150p region. if it beaks that, maybe we can go shor for some 20 points down all the way to 130 p. IMO

[charlatan1] 31/3/2009 09:46

Anyone think it's worth a short or has the mkt rally got staying power, gonna take it higher?

[grupo guitarlumber] 29/3/2009 07:51

Kingfisher hit by China weakness

Home improvements retailer Kingfisher has said profits dropped 75% as it lost money in China and closed Trade Depot in the UK.

The B&Q chain owner said its pre-tax profit in 2008 fell to £90m, although revenue rose by 10.8% to £10bn.

In the UK, sales declined by 2.6% to £4.3bn, as the recession hit consumers upgrading their homes.

The company is closing 22 of its 63 stores in China and will revamp its remaining stores, at a cost of £107m.

'Challenging'

"Although we anticipate the next year to continue to be very challenging, we will remain focused on providing the best choice and value for our customers," chief executive Ian Cheshire said.

The company said it closed all nine stores of its loss-making Trade Depot and opened 45 more Screwfix outlets.

Kingfisher said pre-tax profit, not including the exceptional costs of restructuring in China and the UK, rose 3.1% to £368m.

The retailer said it would cut its dividend to 5.325 pence, from 7.25p in 2007.



Story from BBC NEWS:


Published: 2009/03/26 08:06:28 GMT

[waldron] 29/3/2009 07:01

only follow kingfisher a little these days due to the down turn.

still watch as it is quoted in euros on the paris bourse.

another reason is kingfishers interest in privately owned hornbach which is quoted on the german stock exchange.

there are far better diy co's out there much like hornbach ,but alas all privately owned.

enjoy your day and week

[andrewlewis] 28/3/2009 20:56

Waldron

Appreciate your input. KGF figures look pretty good considering the Chinese situation. The company can't grow without expanding abroad and the other overseas subsidiaries seem to be doing well. Are you still positive about KGF's future?