Kingfisher Share Discussion Threads

[the greatest bull] 24/3/2011 10:31

Adjusted basic
EPS 20.5p 16.4p +25.0%

Final dividend 5.145p 3.575p +43.9%

Net cash GBP14m GBP(250)m n/a

[envirovision] 16/3/2011 14:40

Non of this broker stuff seems to help though, n brown got downgraded and this put me off taking some at 2.45 yesterday.

now look at them today.

[envirovision] 16/3/2011 14:39

Jefferies seem to have put a short term floor though giving it a 3 quid target.

Mind you look at Home retail today, 1.60 target on that, they reckon dividends will eventually cease there.

[the greatest bull] 16/3/2011 14:04

It is all being driven by FEAR with nothing to substantiate it. look at the positive sides - the above means less compeitition in China! - UK is less than 40% of the business, but nevertheless B&Q is the UK market leader!

[essentialinvestor] 16/3/2011 13:56

Fair enough, thanks.

[envirovision] 16/3/2011 13:53

Not really EI, KGF have investment in china, short history tells us that will be money up in smoke from above. Meanwhile the UK side of things will suffer bad sentiment for quite some time yet imo.

[essentialinvestor] 16/3/2011 13:41

enviro, any price target here? - falling as you thought.

[envirovision] 10/3/2011 11:57

Date: Thu 10th Mar 2011 11:40:55

SHANGHAI (AFP)--French construction group Saint-Gobain said Thursday it had closed its La Maison building material stores in China, the latest western company to fall victim to China's tough retail market.

La Maison's 8,000-square-meter (86,000-square-foot) flagship store and six design showrooms in Shanghai, China's wealthiest city, stopped operating this week, Saint-Gobain China spokesman Nicolas Nie said.

The closure comes as several Western companies are being forced to rethink their China strategy.

U.S. toy maker Mattel Inc. (MAT) shut the world's first and only Barbie concept store in Shanghai on Monday, and U.S. electronics giant Best Buy Co. Inc. (BBY) abruptly closed its nine China outlets last month.

Other global home improvement retailers are also paring back.

U.S. Do-It-Yourself or DIY giant Home Depot Inc. (HD) closed its last Beijing store in January due to operational difficulties. It has seven stores left in the country after closing five outlets since entering the market in 2006.

The U.K.'s Kingfisher PLC (KGFHY, KGF.LN), operator of home improvement chain B&Q, began closing some stores in China in 2009.

DIY retailers have struggled for years to find the right formula in China, but Saint-Gobain's Nie said government measures in recent months to cool a booming property market were the final setback for La Maison.

[the greatest bull] 08/3/2011 13:22

"Our international businesses delivered strong growth in the final quarter, more than offsetting some weather disruption and a weak market in the UK & Ireland, and so we expect to announce full year profits towards the top end of the range of analyst estimates.!!!

[the greatest bull] 08/3/2011 12:39

LOOK AT THE BALANCE SHEET STRENGTH!!!

[the greatest bull] 08/3/2011 10:48

UNDERESTIMATE MR CHESHIRE AT YOUR PERIL!!!

[envirovision] 04/3/2011 14:38

best wait for 2 quid before buy back imo, better value for everyone then !

[the greatest bull] 04/3/2011 14:26

LIKE A BIG SHARE BUYBACK!!!

[the greatest bull] 04/3/2011 14:25

HOW 'BOUT DOING SOMETHING WITH THE STOCK PRICE NOW!!!

[the greatest bull] 04/3/2011 00:32

BUT STOCK PRICE IS ONLY A THIRD OF WHAT IT WAS!!!

[the greatest bull] 04/3/2011 00:31

PROFITS NEARLY AT 2001 LEVELS AND £2000M LESS DEBT!!!

[the greatest bull] 04/3/2011 00:29

MR CHESHIRE YOU ARE A GENIOUS WITH WHAT YOU HAVE DONE AT THIS COMPANY!!!

[iancheshire] 03/3/2011 21:42

Thats right, things in the first 4 weeks have not gone well. I've instructed B&Q to cut costs even more. All managers told no extra staff costs for season including Easter.

Kitchen and bathroom sales not great, Easter promotion will be a show stopper but its high risk. First 4 weeks of stocktakes showing high risks.

Current share price highlighting risks, I'd get out.

[the_profit] 01/3/2011 18:38

so much for the positive trading statement. i think these are basically pricing in a loss for B&Q. can that be right? whats your view?

[essentialinvestor] 23/2/2011 12:30

TP, it certainly appears highly attractive imv.

Nearly half of the profits gererated from France, Poland now almost as big
a profit generator as the UK.

Many view this as mainly a UK retailer, Kingfisher is very much an International business -
some nice exposure to Germany as well.

Unlike many other large retailers, there is no debt and a great balance sheet with £3 Billion
of freehold property.

[the_profit] 23/2/2011 11:02

undervalued. PE must be watching

[essentialinvestor] 23/2/2011 10:15

TP,

It's over 200 Million, not 500M as previously posted - taken from the Q3 figures.
Apologies for the incorrect figure, and have now edited.
The net at at 31/12/2010 was 270 Million.

Do you have a view of KGF?.

[the_profit] 23/2/2011 09:59

EI where did you get the net cash figures from? is that 500 at the end of january?

[badtime] 18/2/2011 19:43

hi EI..I'll take a peep at these ovr wkd

[essentialinvestor] 18/2/2011 16:03

And you don't even need to use CAPPS!!, really you don't, well done btw.