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It's quite possible that sales could cool down once lockdown moves into stage 2 in a few weeks ...but having worked for then for 18yrs (retired now ) still have friends working there ...targets are being blown away each week eg £ millions over ...and first quarter target is already done ....might be some legs left in
Kingfisher would never be where they are now without the lockdown. Most of us knew that people would turn to diy and gardening. But the run is over now and as we look to returning to work and normality, focus will turn to the leisure industry as we begin to grasp all that we have been missing and diy isnt one of them so im out at what i believe is the top of the mountain for kingfisher.
PS Also rated as a straight "BUY" in this week's Investors Chronicle. . .
This is their Sunday “Midas Share Tip” so, it is very good publicity! I bought on the back of the results (£13k worth) for all of the reasons printed in the following article. . . .
https://www.dailymail.co.uk/money/investing/article-9409419/MIDAS-SHARE-TIPS-Cash-DIY-boom-Kingfisher.html
i am looking for 330p and i would be happy, nearly there ,nice
with a nice profit and let the professionals look at the results this AM before getting back in.
Now up 3.2% with the airline stocks taking a battering.
All IMHO.
LONDON, March 22 (Reuters) - British home improvement
retailer Kingfisher reported a 44% jump in full-year
profit, driven by the popularity of do-it-yourself (DIY)
projects during the COVID-19 pandemic.
Kingfisher, which owns B&Q and Screwfix in the UK and
Castorama and Brico Depot in France and other markets, said on
Monday it made adjusted profit before tax in the year to Jan. 31
of 786 million pounds ($1.1 billion), ahead of analysts' average
forecast of 757 million pounds and the 544 million pounds made
in 2019-20.
Also I noticed a few largish buy`s yesterday afternoon. 333.33p here we come !
Best of luck all.
Regards: Jaffjoon
In my estimations we should hopefully hit 333.33p by the end of tomorrow .
Only because my lucky number is 3 ! (this week).
Let see how it pans out since there should be plenty of activity tomorrow.
Can't wait for Monday 22nd.
LONDON, March 15 (Reuters) - The Screwfix unit of British
home improvement retailer Kingfisher plans to open more
than 50 new stores in the UK and Ireland this year, creating 600
jobs, it said on Monday.
Screwfix, which is aimed at the trade market, also said it
has increased its UK and Ireland store target to over 900 from a
previous target of 800.
It currently trades from 711 stores in the UK and 12 in
Ireland, employing 11,643.
Screwfix has prospered during the pandemic, reaching annual
sales of 2 billion pounds ($2.8 billion) for the first time.
Growth has been driven by its focus on e-commerce, with its
stores used to fulfil Click & Collect deliveries which have
surged during the crisis.
Kingfisher's other home improvement retail businesses, B&Q,
in Britain and Castorama and Brico Depot in France, have also
performed well, with many people rediscovering do-it-yourself
(DIY) as they spend more time at home, have fewer leisure
options and travel less.
Anyway, should see a nice tick up between now and 22nd. ??
I don't see why not.
In the UK at least B&Q have been reaping the vast rewards of being open during shutdown. Just like Halfords. A lot of their competitors are shut. I mean they only need, what.......... 30% footfall increase to vastly change their profits. Maybe not even that. The supermarkets are raking it in too. That reminds me............
All IMHO.
Will they reinstate the Divi ? and also a sneaky feeling they will pay the interim divi from last year that they missed.
STJ have just done that and no reason why KGF wont follow suit.
have been reaping the rewards of being open during lockdown.
Many people on furlough have renovating their properties as not much else to do.
Now with Summer nearly here and people unlikely to go abroad holidaying at home will be popular.
Beimg around the house at home will mean all those jobs that you were intending to do years ago might get done!!
Pre-close update on 12th Jan RNS:-
" Based on trading to date, the Group is comfortable with the top end of the range of current sell-side analyst estimates(4) for FY 20/21 adjusted profit before tax. "
AND:-
""We look forward to providing a more detailed update within our FY 20/21 results on 22 March 2021. In the meantime, I wish you all a happy and safe New Year."
13 days until results !!!!
All IMHO.
Queueing inside the shops.
Summers nearly here and people are not going to go abroad so much so more is going to be done at house and in Garden.
All IMHO.
Just topped up @2.60
Just topped up @2.60
Haven’t seen any announcement regarding the staff bonus paid this month to the shop floor workers. My pal who works in the paint section at my local branch has received an extra weeks wage as a thank you for working through the last difficult year.
Personally I’d like to see the dividend payment resumed in some form for all us shareholders for sticking with Kingfisher for this difficult period but I live in hope.
He does tell me that the store is v busy and targets are being smashed which is encouraging, so perhaps the wait may be not so long.
Agree, a very positive statement on Christmas sales which shows the burst in DIY last year wast just a quick flash in the pan. These are a long hold for me, maybe not fast moving enough for some on here, but solid and upwardly mobile for the pragmatists.
wow.. these results are looking very good. I think this should now keep climbing up to the 340p mark to 22nd March.
Any thoughts from others here ?
06-Jan-21 12:52:50 285.30 1,597,729 Buy* 284.60 284.80 5m O
06-Jan-21 12:52:49 285.30 1,597,729 Buy* 284.60 284.80 5m O
£10 million buy
£10million buy !
A better day so far. Still cheap