Kingfisher Share Discussion Threads

[whatsup32] 04/5/2018 08:01

I think I know of the reason why this share may be dropping .

Source guardian ‘B&Q support is good for one thing buck passing.

Terrible write up on customer relationships. Read the commments

Dyor

[essentialinvestor] 03/5/2018 17:34

I'm not holding any atm. Q1 trading update 24 May.

[whatsup32] 03/5/2018 17:27

something is happening here and I get the feeling we’ll be the last to know. 24th is trading update. I wonder if beast from the east will be blamed.

Bidding for Homebase stores??
Terrible sales at B&Q and France??
5 year plan not working as planned??

Take your pick

[essentialinvestor] 03/5/2018 13:36

I was shocked at the FY cash burn. KGF referenced an increase in
working capital on stocking new ranges as a reason. if that is the case,
you would expect some strong cash generation this year? lets see.

[whatsup32] 02/5/2018 18:55

Thank you essentialinvestor.
I read the news on retail investor April 30. Not sure that would cause that drop today

[essentialinvestor] 02/5/2018 18:28

Homebase/Bunnings recent UK sales were very poor.

[whatsup32] 02/5/2018 18:22

32 million shares traded today. Highest ever? . Anyone know what’s happening?.
I don’t see the £/$ the cause of this much of a drop.

[bookbroker] 02/5/2018 10:14

£/$, that is the problem for this company, they will see import costs rise as the pound weakens, and in a softening economy!

[ed 123] 02/5/2018 10:11

Something upset Kingfisher early this morning. Dipped to 282p (down 14p).

There was a good trading update from Howden's this morning. Competitor performing strongly, could that be the reason?

Any other thoughts?

[maxidi] 20/4/2018 12:12

If you don't like the power of the unelected house of lords and think they should be abolished please sign this petition.

[whatsup32] 21/3/2018 14:02

Stock up 25% ? . Not necessarily good news in a down sector
Down 10% today
As an X KGF holder. You guys have my sympathies.

Best wishes

[essentialinvestor] 21/3/2018 13:42

Looking at the commentary on cashflow, they reference stocking on the new
unified ranges.

[whatsup32] 21/3/2018 13:37

SP increased when Homebase said it would be closing stores. I don’t think it warranted a rise . Given the sector as a whole was doing bad and didn’t see B&Q benefiting either.
Market has been negative of the 5 year plan
B&Q is a shambles
Profits down 10%
Cash running out

The only silver lining is Screwfix

[essentialinvestor] 21/3/2018 13:07

Mentioned last year listening to one of the conference calls and unimpressed.

Performance in France looks pretty dire, where has all that net cash gone?.

Buyback should have been suspended imv.

[whatsup32] 21/3/2018 13:05

Down near 9% now so presuming No. I don’t think the market is buying into he 5 year plan

[jimmywilson612] 21/3/2018 12:51

Is anyone a buyer at these levels?

Don't think the share is massively over-priced, but the outlook doesn't look strong. Where did all that cash go?!

[whatsup32] 21/3/2018 12:46

Agreed last years share buy back I’ll conceived . This years is shear stupidity .

Dividend up 10%
Share buy back


When Annual profits are down 8% .

It’s not like the future is rosy ,

Hence the justified 8% drop in SP

[essentialinvestor] 21/3/2018 09:30

Ed, that's some drop in net cash!.

[ed 123] 21/3/2018 09:15

Final results released this morning.

Thankfully, not holding any of these.

Fall in profit. High cost of transformation. More difficult UK market ahead.

£372 Million increase in working capital.

Transformation costs increased by £46 million.

Last year's share buyback was ill conceived, imo. A long way to go, with Brexit not starting for another 2(?) years. I fear that in a few years events may show they should have held on to the buyback cash.

Shares are 310p in the market, down 26p this morning.

Commiserations to holders.

[contrarian joe] 01/2/2018 13:44

Whatsup,Sold for 355.031p (close to high for the day),"got lucky on that",whether it's good timing or not remains to be seen!!,back on my watch list now.

[whatsup32] 31/1/2018 15:18

Contrarian.
Good call on your part . Guess you got 3.55 ish . I sold just over 3.40. I think the company is still strong but changing the direction of a cruise liner without smashing a few plates will take time.
I intend keeping an i on them and maybe get back in at lower levels.

[whatsup32] 30/1/2018 17:16

B&Q axes 200 senior jobs. Looks like bad times continues to roll here. Glad I am out for now. Source telegraph