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Kingfisher reports a solid first half and good early progress with its 'ONE' Kingfisher plan. Total adjusted sales in constant currencies rose by 3.5% to £5,382m (France +1.1%; UK & Ireland +4.6%; Other International +5.7%). Retail profit in constant currencies rose by 5.0% to £410m (France (5.7)%; UK & Ireland +16.8%; Other International +3.0%).
TARGET 369.50 The trend line of KINGFISHER PLC shows selling side. If it breaks the support level then one can initiate the selling position in the stock. Supportlevel of 372.50 with the stop loss of 375.50 RSI is trading near to 55.20 level with -ve bias, in upcoming session downside movement is expected. MACD and Signal line is sustaining below the zero level line. Skype tayal.smith1
Sorry for the spelling below must learn to read my postsbefore posting
Where we meant to receive a dividend last Monday? As anybody been paid theirs?
Forget fundamentals and p/e. I have just replaced my fence. The bolts were bought from screwfix, they were at least half the price of anywhere else. I bought a ryobi drill for £99 from b&q. It was £143 on Amazon. Don't look at stats look at the state of the country. People are tight for money. At the moment screwfix are cheapest, a bit like sportsdirect are. They have a business model that will win. Try telling tesco!
B&Q and Screwfix owner Kingfisher made a "solid" start to the year under new French chief executive Véronique Laury, with like-for-like sales up 0.8% in the first quarter. Retail profits were hit by £10m of adverse currency movements but still were up 1.4% to £150m. A pilot new unified IT system was said to be on track as part of Laury's 'ONE' plan, with £88m also returned so far as part of a share buyback.
Do not believe all you read in the BRITISH MEDIA MACHINE.................
East European builders ‘ended DIY’: Britain has benefited from Eastern European immigration because it has made home improvements cheaper, according to the Boss of the U.K.’s leading construction supplies company.
Can anyone explain why every day Kingfisher are buying their own shares for cancellation.............And what this means for the share price..............I'm guessing after they have finished there are less shares in circulation so the SP will leap up................
KINGFISHER TO CLOSE ONE IN SIX B&Q STORES B&Q will close 60 stores in the UK and downsize a further six as its owner Kingfisher grapples with a dwindling DIY market. Annual sales at the FTSE 100 company fell 1.4pc to £10.97bn and pre-tax profits were 15pc lower.
Au revoir, monsieur: When you’re doing serious structural works at your house, a prior commitment to redecorate your kitchen can be a distraction — especially if it was set up by the previous householder. So while Kingfisher is scarcely flying loop-the-loops at the collapse of its effort buy French DIY chain Mr Bricolage, the retailer isn’t all broken-winged and downcast. The €275 million takeover was scuppered by actions of ANPF, the shareholder controlled by Mr Bricolage franchisees. Whatever else was happening during the months and months of talks, Kingfisher clearly wasn’t emitting the vibe of a natural franchise-Owner. While France is Kingfisher’s biggest market, its biggest problem is B & Q. Difficulties at the famously orange U.K. brand have been much more its own work. It sells too many different products, has too much store space, and downsizing will be a long, expensive process. Whatever newbie Chief Executive Véronique Laury does to bring B & Q closer to Casto will not change the nature of the business nor reverse the generational move away from DIY. What would actually impress them is a clear statement about what sort of investment Kingfisher is: whether it is a growth stock as it used to be; or whether it is now a mature business in mature markets that hands cash back to shareholders.
B&Q shuts stores as Britain gives up DIY: The parent company of B&Q will reveal plans to shut dozens of DIY stores in response to a long-term decline in the number of Britons willing to spend their weekends immersed in doing things themselves.
Head of B&Q to leave in Kingfisher revamp: The head of B&Q is set to leave the DIY chain in a shake-up of parent Kingfisher under its new Chief Executive Véronique Laury
Any thoughts about result next week?
Credit Suisse Raises Kingfisher plc Price Target to GBX 400 (KGF) March 3rd, 2015 •Updated March 5th, 2015 Equities researchers at Credit Suisse upped their target price on shares of Kingfisher plc (LON:KGF) from GBX 360 ($5.55) to GBX 400 ($6.16) in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target points to a potential upside of 8.20% from the stock’s previous close. Shares of Kingfisher plc (LON:KGF) opened at 364.20 on Tuesday. Kingfisher plc has a 52 week low of GBX 283.00 and a 52 week high of GBX 512.00. The stock’s 50-day moving average is GBX 340.8 and its 200-day moving average is GBX 317.5. The company’s market cap is £8.610 billion. A number of other analysts have also recently weighed in on KGF. Analysts at AlphaValue reiterated a “buy” rating and set a GBX 397 ($6.12) price target on shares of Kingfisher plc in a research note on Friday. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating and set a GBX 270 ($4.16) price target on shares of Kingfisher plc in a research note on Wednesday, February 25th. Analysts at Barclays downgraded shares of Kingfisher plc to an “underweight” rating and lowered their price target for the stock from GBX 285 ($4.39) to GBX 270 ($4.16) in a research note on Friday, February 20th. Finally, analysts at Bank of America raised their price target on shares of Kingfisher plc from GBX 290 ($4.47) to GBX 300 ($4.62) and gave the company an “underperform” rating in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 318.10 ($4.90). Kingfisher plc is a home improvement retailer. The Company, through its subsidiaries, joint ventures and associates supply home improvement products and services through a network of retail stores and other channels, located in the United Kingdom, continental Europe and China. The Company’s geographic segments are France, United Kingdom and Ireland and Other International.
Well done on your trade gla.
Went to Wickes this morning instead of B&Q, was worried bogey might be trying to catch me out. Very very quiet in Wickes...just wonder if it was busy in B&Q anywhere?
Sold my top up shares back today for £2.94....so, just holding my original investment now.
The point i was making is France is there biggest market and the results were very poor on that point.As the reason i think it will go lower is that when you have a bad set of results like today the market will just take this down and your entry point could be better ,will you make a profit long term yes most likely but getting in at a lower price might be a better bet gla.
Just remembered I need some gardening stuff in the morning. Where did I put Bill's Card ?
Mike, I got in today at a reasonable cushion to the closing price. Ok it tanked this morning on the bad French sales. You say it will go lower...it may do, but on what basis do you think it will? Myself I will hold at this price, as they are still making reasonable profits and will pay divi's, They will close stores they don't need and revamp others. They are diversified across the world and have a good name for the products they sell. So pick your price... I have.
Would anyone buy today after a profit warning in real terms this will only go lower in next few days/weeks gla..
Back to what is important. Looks like France is letting us down. Hope the new French CEO can sort it out. Topped up @ £2.85 this morning. My mate lent me the money, so I wouldn't tell the bogey man who's card I borrowed!
So you'd do all you can to get a pensioner in trouble for LENDING his card to a mate ? IS YOUR MOTHER PROUD OF YOU ??
Wouldn't get my knickers in a knot over some bits and Bobs from a d.I.y store.