Kingfisher Share Discussion Threads

[essentialinvestor] 14/2/2017 17:46

Thanks Simon, DEB is definitely not for me.

[simon templar qc] 14/2/2017 17:42

EI

Think u are on right track safer than DEB. As for Bunnings its too early days and wont have an impact for years, many have tried many have failed you cannot compare a Bunnings store to a complete roll out like Aldi and Lidl as against Supermarkets, if that makes sense.

[essentialinvestor] 10/2/2017 14:09

FWIW I e-mailed KGF investors relations late yesterday, with a link to that
article, got a reply this morning saying they were aware.


Added before yesterday's close and looking to add further.

It is only fair to say that if Le Pen does win, it's likely to be a first step
to France leaving the EURO, so there may be an initial share price shock,
that is speculation on my part only so please DYOR, as always.

My view is longer term.

[essentialinvestor] 09/2/2017 14:40

Ed, would be interested to hear if you have any thoughts on that article.

[essentialinvestor] 09/2/2017 14:26

Very interesting, thanks for that.

Would hope the actions KGF are taking will enable them to position
more aggressively on cost, if needed.
The big reduction in stock lines planned
should help focus buying power.

In the US, Home Depot do not tend to compete on price and they make incredible
returns, even with Lowes, Wal Mart etc.

[mr_spock] 09/2/2017 14:18

Bunnings new store opens and pricing is good.

[essentialinvestor] 09/2/2017 13:58

Greece, here we go again, they would be far better outside the EURO area imv.

May impact short term sentiment towards KGF, unfairly imv.

[ed 123] 07/2/2017 11:52

Ta, EI. :-)

For others ...



I see it's now recovered that initial mark down; gone blue.

[essentialinvestor] 07/2/2017 11:09

Hi corlis, UKX looking perky.

Hoping a few more opportunities with KGF over the next few weeks.


ED, summary of this morning's analyst view on the Proactiveinvestors site,
if you have not already seen.

[essentialinvestor] 07/2/2017 09:18

May not be the low!, bounced from around that level previously.

The French Presidential odds are narrowing, so causing some nerves at a guess.

[ed 123] 07/2/2017 09:14

At the bottom of this morning's dip. Well done! :-)

[essentialinvestor] 07/2/2017 08:33

I got 3.2892.

[ed 123] 07/2/2017 08:15

Opened down 5p this morning. Probably in response to Jefferies 10p reduction in target price (335p down to 325p). Maintains "Hold".

[essentialinvestor] 06/2/2017 11:02

Ed, think along similar lines. Would add the significant cash on the balance
sheet, a pension scheme in surplus, Screwfix, and FCF looks strong.


If Greece flares up again over the next couple of weeks may be an opportunity
to acquire lower down, no Greek exposure but it may impact European area sentiment.
There is also the Fresh Election causing some uncertainty.

[ed 123] 06/2/2017 10:57

Hi Essentialinvestor.

Yes, a few weeks to wait.

Too optimistic? As you well know, it's about the future. Atm there are brokers and commentators (slightly more than half?) against Kingfisher. That means the shares can be acquired at a reasonable (as defined by the optimists) price. We know the UK is going well overall. The Screwfix business is booming and can be replicated abroad. UK B&Q is being reshaped. Poland is strong. Russia is in a better place with the rise in the oil price. What is needed is France to pick up. If you look at the Eurozone recent data, it is moving nicely ahead.



My hope is that we see France moving forward and spending more on its buildings. There has been a long period of stagnation and so there must be backlog of postponed work. I think once a recovery begins it will run for a long-ish period and be strong (as the backlog needs to be tackled).

If it doesn't go this well, there's always the 'Home Depot put'. US construction is going well and Trump may even give it a boost. Sterling has dropped against the dollar. Kingfisher is held back by France but maybe not for much longer. A good time for Home Depot to make a move?

I may now sound even more optimistic than yourself?

[essentialinvestor] 06/2/2017 10:30

It's not too popular atm Ed, perhaps I am being too optimistic,
find out more in just a few weeks.

[ed 123] 05/2/2017 19:56

Questor says 'avoid Kingfisher'.



Other doubters include JP Morgan, Nomura and Investec.

Preliminaries due on 22 March.

Fwiw, I've increased my holding recently.

[corlis] 31/1/2017 09:14

Now 338 which may take a few attempts to push up through.
Time to take profit, or sit & wait.

[essentialinvestor] 30/1/2017 11:19

corlis, coming good for you, bought the GSK dip instead.

[corlis] 30/1/2017 09:59

FTSE double bottoming at 7,120-ish,
KGF 333 just holding onto a bit of blue at mo.

[essentialinvestor] 27/1/2017 17:27

Well would like to see how the share price performs on a weaker day.

KGF is not a trade for me though, on a multi year view this is very interesting.
Huge cash generation, net cash on the balance sheet and a pension scheme in surplus.
Intend to add if markets do take a dip.

[corlis] 27/1/2017 17:18

Essential
This still has allot of setting up to do, but im thinking the worst is behind this share.....not to say there won't be the odd drop, but overall i'd expect it to start upwards slowly.

[essentialinvestor] 27/1/2017 14:38

Added at just over 3.29 on the broker downgrade. Would like a few lower down
if available.