Kingfisher Share Discussion Threads

[essentialinvestor] 25/11/2021 12:37

Expected we would see £3.40 a share this week but now looks like increasing
covid infections across Europe have put paid to that unfortunately.

[essentialinvestor] 23/11/2021 16:16

Looking for a move over £3.40 a share.

[essentialinvestor] 22/11/2021 14:29

Sitting duck for a activist investor here, or corporate action?.

[essentialinvestor] 19/11/2021 13:33

With respect, You may not have read the report then.


2 year total group l4l sales are 15% Up.

Margins will also be significantly higher, although for optic reasons that
will not be stated - profiting from the pandemic etc.

[eezymunny] 19/11/2021 09:26

MJ19 Mr Market wanted to hear that sales were still teens% above pre-COVID levels. But they are a long way below that...

[izztre] 19/11/2021 09:17

SP is considerably down from highs so I figured a slow down had been factored in. Still good value

[mj19] 19/11/2021 09:14

Man if that update was bad news... what did the market want them to say

[eezymunny] 19/11/2021 08:33

SP was around 220p pre COVID. I wonder if KGF heads back there...

[eezymunny] 19/11/2021 08:32

Apologies lfl only 0.4% positive, which is a drop on an inflation adj basis.

Sounds to me like Joe Bloggs is back at work and starting to do less at home.

Adj ptp was £544m in the last pre-COVID years vs c. 940m this year.

[shipleyview] 19/11/2021 08:23

Not sure where you are seeing current trading on a 2yr basis negative?....Current trading and outlookThe following guidance applies in the event of no adverse change in COVID-related measures (e.g. new lockdown restrictions resulting in store or showroom closures, or restrictions on entry to stores depending on vaccination status):-- Good start to the fourth quarter, with Q4 21/22 LFL sales (to 13 November) on a 2-year basis up 13.2 % ( LFL sales up 0.4 %)-- H2 21/22 LFL sales: expect to be towards the higher end of our previously guided range (-7% to -3%; corresponding 2-year LFLs of +9% to +13%)

[eezymunny] 19/11/2021 08:15

2 yr lfl's gone negative (see current trading).

Post COVID boom over?

[izztre] 19/11/2021 08:08

I thought the update was good. Why the fall?

[essentialinvestor] 19/11/2021 07:06

FY pre tax to be an the upper end of guidance - so near £950 million.


Looks undervalued ?.

[essentialinvestor] 18/11/2021 16:51

Added a small amount before the close, but not that confident on tomorrow's update

[essentialinvestor] 05/11/2021 15:55

Back in for a very small amount.

[sun1950] 22/10/2021 18:44

Of course I forgot to mention that the CEO and CFO both bought shares this week and they will have more info than anyone I can think of lots of shares which are over valued and therefore if you want to short them ok but for me this is not one of them

[sun1950] 22/10/2021 18:09

I am long in this stock both in my ISA and pension fund but I always try and look at stocks without emotion so let’s look at figures because that amongst other things determine the price. Why will the price go down presumably we are looking at the 2023 figures because we know what the profit will be this financial year (910-950ml) and eps of 33-37p if the profits falls 20% next year to 750ml pre tax then this would equate to 30p after share buy back so then you look at what times earnings this share warrants 12 is the norm but it could be between 10 and up to 14 so 300p to 420p as the share price is approx 340 it would have more upside than down of course this does not take into account the fact that the BOD would be happy with a 20% decrease in profits and presumably will be working to limit any decrease so for me I will continue to hold the stock as I believe there is more potential for an increase in price

[essentialinvestor] 22/10/2021 11:24

Want to remain polite so won't comment.

[investing2retire] 22/10/2021 11:21

nt has shorted this share recently.he said its overvaulued now after the big rise last year.what do people on here think

[sun1950] 14/10/2021 16:30

Speaking to staff at the local B & Q and they say the store is doing well no problems getting deliveries and store is busy

[m_kerr] 01/10/2021 14:01

at an enterprise value of £8bn, this must be one of the cheapest companies for earnings around, and share buybacks at a price below intrinsic value are great news for investors. dreno - i think there's plenty more the board could do to jack up that share price. even if they don't spin off screwfix, they could provide full disclosure of the separate financials of screwfix and b&q, which would show how how high screwfix's returns and growth are and allow investors to easily calculate a more appropriate valuation. i've done this myself based on estimated rents and floorspace and the value of screwfix is IMO around £4-5bn alone.

[dreno2] 01/10/2021 09:14

Not the first time they have spent millions on buy back it did nothing then, only the pandemic pushed the share price up. It will do nothing this time money needs to be spent on company infrastructure.

[sun1950] 01/10/2021 08:36

Well the buyback is going well BOD could of paid a special dividend now selling on 9 times this year’s earnings with energy prices going up less money in people’s pockets less to spend in B & Q not good

[sun1950] 24/9/2021 19:49

Price Sept 2018 250p today 340p increase of 36% profit increase from 300m to 910m earnings per share 19p expected 33p let’s see if next week the share buyback makes a difference