Kingfisher Share Discussion Threads

[deanforester] 15/9/2011 09:02

The results seem to have been well received.

Pre-tax profit up 24%.

[essentialinvestor] 12/9/2011 10:45

Announcement re planned Russian expansion Profit.

[the_profit] 12/9/2011 10:44

one of the few gainers today. too bombed out?

[shayadfn] 30/8/2011 05:51

Looks like the Home Retail group, (owner of Argos & Homebase)is trying to destroy KGF grousp's distribution chain by buying products from the wholesale section of KGF and undercutting other sellers in the retail distribution chain. Will this work? I suspect if upper teir of KGF management become aware this will stopped.

[the_profit] 26/8/2011 10:04

quite surprised from CBI survey - 31% of retailers had seen sales rise in the two weeks to 16 August

would have thought it would be a lot less

[essentialinvestor] 26/8/2011 07:52

Yes, was not in anyway comparing both companies, that comment was made in
a sentiment context only.

And this is not just KGF, as a quick look at the SP's of many retailers will show.

[the_profit] 25/8/2011 23:00

TPT has a weak balance sheet. 10.4% like-for-like decline is not surprising given the demise of focus DIY and others, + other turmoils on the high street

all academic really. as you say its the outlook statement in September that matters

[essentialinvestor] 25/8/2011 19:26

Profit warning from Topps Tiles today did not help.

[essentialinvestor] 25/8/2011 13:32

Interims on the 15th.
Does the market have this wrong on the current SP?
soon find out..

[the_profit] 25/8/2011 12:23

true, but the shares are discounting a lot of gloom - down nearly 25% in 3 months.

[essentialinvestor] 18/8/2011 15:50

The outlook statement in September will be key.

[essentialinvestor] 17/8/2011 09:57

GG, this has been around for a number of years from my knowledge.

[grupo guitarlumber] 17/8/2011 07:25

SOURCE: the guardian

Bid talk surrounded Kingfisher on Tuesday afternoon, as the FTSE 100 finished up after a late surge.

US retailers Home Depot and Lowe's were cited as possible bidders for the B&Q owner, with a price of up to £3.50 a share. That would be a significant premium to the current price, which rose 2.3% to finish at 237p, and would value the group at more than £8bn.

[grupo guitarlumber] 17/8/2011 07:20

IS THERE A US BID

RUMOUR OR FACT

[the_profit] 15/8/2011 13:10

still some time to get in before the mid 240s

[essentialinvestor] 11/8/2011 13:29

Looks a sound well managed company to me,
if this is a new bear market then that drags nearly everything down.
I am 92% in cash currently but tend to be too cautious sometimes.

[the_profit] 11/8/2011 13:16

come on EI you are smart guy, tell us what way this is going now... are the shorters right or not?

[essentialinvestor] 11/8/2011 11:58

A lot of the profit comes from France, with the renewed focus on
French banks this is being shorted imv.

[the_profit] 04/8/2011 10:39

trading updates have been good, but down 20% from the recent high, wonder if the big US guys might start sniffing around here?

[the_profit] 02/8/2011 21:12

i do feel sorry for these guys - market leading position in the UK, major competitor has just gone belly up and grabbed a few more stores in the fire sale. nevertheless, it is not overly exposed to the UK - around 40% revenues - but strong positions also in france, germany, poland, turkey, china, developing in russia etc. and massively strong balance sheet!

yet the share price is trading on just 9X earnings!!!

[essentialinvestor] 02/8/2011 18:15

They want to maintain a particular investment grade rating,
that may be a reason imo.
This looks a conservatively managed company,
that is a big plus currently.

[the_profit] 02/8/2011 18:11

IMO sub 240 this is pricing in a disastrous trading period, ie we are talking about losses, but it surely is not as bad as that???? shouldnt forget KGF has strong balance sheet with net cash. so why dont they buy back their shares?

[essentialinvestor] 02/8/2011 18:08

lol, everything is getting cheaper.

[the_profit] 02/8/2011 18:06

how about the high 230's ?

[essentialinvestor] 29/7/2011 10:03

srp, around mid 240's I will buy.