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It is still creeping up. can't find any reason (as yet)....3.44% up
Kingfisher up 3.3% biggest riser today in the FT100. Happy, but not sure why the rise today.
My Local B&Q was quiet this Wednesday, usually busier on the over 60 discount day. Not over 60 myself, but know a man with a card! Store is always well presented....and at least the checkouts all had customers buying goods.. Properties are selling around here, so DIY spending in the UK should escalate. Let's see what next results show. Not sure that the rest of Europe will be such good news.
U.K. home improvement market waits on deeper recovery: The revival of the U.K. housebuilding sector has boosted almost every point in the property cycle, from brickmakers supplying the raw materials, to online portals selling houses on the secondary market.
KGF is my only share still showing as red today
Broke the £3 barrier....looking good. Steady climb back to the good times???
Seems like it stalls around the £3 mark.....some good news will help.
One last push to get back in the blue for the weekend. You can B&Q it!
Ever since the auto check-out was introduced the volumes of theft must have risen hugely, especially when the stores are very busy. Fill a trolley and check out half, it looks too easy, or am I missing the controls?
You are probably right. Even so I am amazed that one of the national papers have not exposed this outrageous decision. Bank of Scotland was as bad as RBS in its impact upon the UK economy and this guy was on the Board. How can he be running a major UK corporate?
Homebase is rumoured to be up for sale, as they cannot compete with B & Q.
backhanders, come to mind, is one viable explanation. The other is that this whole enterprise is a bit too chummy to be taken seriously. (why do so people imagine that this country is, when looked at from a proper angle, is no less corrupted than a banana republic?)
Can anyone explain to me how the CEO was knighted having been a director of HBOS when it collapsed? James Crosby had the good grace to give back his knighthood and he had left the Board 2 years earlier.
The one troubling factor is a statement made by the CEO who hinted that he had no clue what the second and third quarter would bring. It is this level of uncertainty that makes this stock a speculative play at present. You will need more than foresight to this this right. You need blind luck!
Thought it may stall at £3...but no £3.01 and still rising
A bit of a rally this morning, I am glad to see.
I'm a holder not a de tamper. Just in case that's aimed at me I know stock take figures for 2 stores so far and not pretty that's for sure there losing a fortune in theft.
held this share before but it got too high. After big drop I think most interesting again. One problem is questor who while having a track record no better than anyone else does seem to have a following as you might expect. Strange such an expert did not identify KGF before the 8% drop likewise the couple of obvious derampers who suddenly appeared out of the woodwork,on this previously inactive board. but they don`t have a column in a national newspaper, no following and little influence With a near monopoly position KGF sp should recover some of thye lost ground but if questor makes it an even better bargain in the meantime, that`s ok.
Are loswing thousands in stock loss bad results for a few stores.then you have the bad decisions and high prices
he Questor Column: Avoid Kingfisher falls as sales slump: B&Q Owner Kingfisher is stuck in a Catch-22 situation. If it cuts prices to drive sales then profits fall and if it holds prices to protect earnings then turnover drops. Questor thinks its shares, which were down more than 8%, may have further to fall. The largest DIY retailer in Europe reported group like-for-like sales down 1.8% during the second quarter. Kingfisher blamed weaker than expected sales in France and Poland, and while this certainly won’t have helped, there are worrying signs of weak consumer demand during its crucial summer selling season. In the first quarter the company missed market expectations for profit because of discounting activity to shift stock from the previous year. Retail profit increased by 20.3% on a constant currency basis to £142 million in the three months ended May 3, but the market was expecting something more in the region of £150 million. Gross margins were down around 200 basis points throughout the first quarter and Kingfisher said this was due to discounts on kitchens, bedrooms and bathrooms along with rising delivery costs and selling some lower margin building and garden products. Market expectations are for revenue to increase by 2.5% to £11.4 billion, and pretax profits to rise 3% to £782 million. However, that full year profit performance could be under threat if demand remains weak. So the shares, trading on 13.7 times forecast earnings, look exposed to further weakness going into the second half.Kingfisher at 308½p-27½p. Questor Says ‘Avoid’.
I'm good, hope you are to. We simes to always agree on a workings of monetary illusion. Sometimes I take a viu that sharada will take a bit longer to unravel and I get in shares smelling the air prior to it. I see retailers same, with exception of the most unlinked supermarket . Generally I have gone negative (Dec. futures) on many including this one,will restart (most likely) shorting banks and builders in Aug. I agree that rio is approaching shorting position, just bare in mind Fe=$. If $ is to begin to be recognise for what it is we will gett another Irq., Afgan.,Libya , Ukrain...... Kosmic cyclise continue. Gl
Perhaps all the bad news and dirty washing is now out. So I believe the sp will settle down and slowly recover some of it's lost ground. Still B&Q is the place the majority of households will go to for DIY products. So at 308p, I think it is a buy. I would say that of course as I am in at 311p !
How are you? i hope all is going well. I have not been following Glen recently but have followed Rio and this is a speculative play at best. I will short that at some point when I feel the speculators have inflated it sufficiently. As for Kingfisher, take note (bizarrely) of the gnomes. This provides insight into the kind of thinking that is guiding this company (into a wall?). If you get in here via shares) I would put a price of around 235ish. The reason being that this company will be banded together with the retailers (rightly or wrongly). As for the markets in general (and you can take a cue with regards Glen on that score) the inflated valuations are underpinned by fake money. But people can believe in lies and make money from lies for an 'extended period' (to steal a hackneyed and puerile phrase from central bankers). So don't let a lie get in your way from speculating. But always keep some cash handy. - On a closing note, the theory of 'Black Swans' may have to take a back seat at some point to that of 'The Gnomes'! And this ain't no laughing matter.
B&Q’s cold comfort: Shareholders in Kingfisher have seen something nasty in B&Q sheds and the shares, having fallen a quarter since April, fell 8% on Thursday. This is after the group revealed a 2% drop in like-for-like sales over two months. Kingfisher buyers did not just make a bad decision to put gnomes clad in the cross of St George on the shelves. Barbecues and gardening gear are also languishing in B&Q sheds, despite the sunshine. And for all the housing boom, doing up kitchens has not taken off as expected either. It would be wrong to view Kingfisher entirely through the prism of its U.K. business, which contributes 40% of profits. But that makes the suddenly soft DIY market in France and Poland all the more worrying. But analysts have pared £30 million off full year profit forecasts to £750 million. Kingfisher is proving as unpredictable as the weather. And like Aunt Ada, its shareholders may struggle to recover.
Wait a little before buying stock take figures in a few stores coming out are bad not a good sign