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KGF on the move upward now .GL.
The best DIY store in the UK is B&Q so I have bought a few .GL
Halo Seifert, I went short here,I recon sp will drop below 300 today or tomorrow for the reasons you mentioned. Btw have you had a look at glen lately. I could do with your gloomy input and somber analysis there lol.gl
311p.....got to be a bargain. I am in !
I went long here and got stopped out with a loss. Speculators are finding lots of reasons to dump this stock, from the exchange rate through to the slowing down in its major overseas markets. On this basis, it's a sell. Buy in much lower down.
Recovering.hope to get 400 by Friday
Any news about bid takeover?
results looked pretty good to me. Can only assume existing holders feel numbers not as good as they had expected..
No posting here since 2012?!
win, but underlying profits fall http://valueshare.co.uk/current-portfolio/kingfisher/kingfisher-results-boosted-tax-win-underlying-profits-fall/322/
DIY retailers such as Kingfisher-owned B&Q will get a boost from the housing market recovery as consumers spend on home improvements, the Sunday Express reported citing corporate health specialist Company Watch. After a wretched few years, UK DIY retailers, which also include Wickes and Homebase, could benefit from the halo effect as counterparts have done in the US, where Home Depot, had a 10% rise in like-for-like sales in its most recent quarter, Company Watch said.
yes still in here but did sell 50% as the price looked good. Maybe more still to come in the next couple of months but the good weather needs to continue
lol ....yes indeed amazing performance since may, you still in here? ....well done to all who held
Hindsight is a wonderfull thing, but tomorrow will be the time to bank profit (the good weather has helped)
ok out for now...better bargains to be had
onward..
?
now onward...or topping out?
big trade...
so far, so good..
B&Q DIY chain owner Kingfisher Group (KGF) has had something of an up and down year (perfectly illustrated by the chart), with the last real clues as to the group fortunes at an investor and analyst event at the end of November last year. Previously the group reported a 3.3% fall in half-year sales and a 15.5% fall in adjusted pre-tax profits to £371m, although this had largely been factored into the price by the time of the announcement. Shares are roughly midway between the year high and low, so provided there is no evidence of any deterioration in trading, Kingfisher could even see its shares bid higher in anticipation of a growing domestic recovery.
todays budget good for the housebuilders, it should also benefit the associated trades and their suppliers ;-)
Positive Points: Management expects full year adjusted profit before tax to be in line with the consensus of analyst expectations. A strong sales performance (like-for-like sales up 12.1% to £102 million) was recorded in Russia which benefitted from new store openings. In China, B&Q sales grew by 3.9% (+5.0% LFL) to £110 million driven by continued additional promotional discount activity and an improving property market. Kingfisher has a successful track record with dominant strategic positions in the UK and France. Kingfisher has tried to offset weak demand in many markets with a drive to improve profitability by buying more goods centrally, and directly, from cheaper manufacturing centres such as China.
Negative Points: Kingfisher, which operates from over 1000 stores in eight countries in Europe and Asia said sales at stores open over a year fell 3.4% in the fourteen weeks to 2 February. Like-for-like sales in Britain and Ireland reflected the generally weak consumer backdrop with sales at B&Q down 6.4%. Retailers are suffering as consumers' disposable incomes are squeezed by inflation, muted wages growth and government austerity measures. The implications of the Euro zone crisis remain a concern. The firm said margins in both Britain and France would be down, partly reflecting price cuts to drive trade. A continuing low level of housing transactions is also impacting on the home improvement sector. Potential moves into new markets, a target in the group's next growth self-help programme, pose risks.
Financial Highlights: Kingfisher said it expected adjusted pre-tax profits for the 2012-13 year to be in line with analysts' consensus forecast of £715 millio