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are getting screwed here! 220P is looking pretty nailed on since the SP has taken some hammering since the results.I am finding some of the broker recommendations bang out of order too at 300p and 400p and the share suffers extreme subsidence. I best wait for 220p to get some bargain basement shares.
This has to be the slowest forum on LSE. I'm looking to buy in tomorrow. Any back history I should be aware of? I see the SP is already fighting back.
Bought in this morning at 276p. Moving slowly upwards now. Decent results and dwindling competition.
this again
seeing a rival pulling out of the market. Will Hilco who are a restructurer sell off or close down some stores? The market has reacted well to the news and KGF will have less competition. KGF is well worth buying at these depressed levels.
Does anyone think the Onekingfisher plan is going to deliver what they say? Screwfix is doing well, so is Poland, lots of potential to grow Screwfix in Europe. Romania also doing well.
scooped some up early doors at 284 today. Could not see any reason for the drop
still undecided wether they are staying/going. I sold these at 350 because to me the B&Q uk is sloppy. Tried to order a shower enclosure, gave up after 3 weeks of delays and bought online- delivered in 2 days. Stores always seem to be overstaffed to me. Having said that they're cash rich, constantly buying back shares, and I think they can improve efficiency greatly.Think this will see 350 again within a year.
but I think this is nailed on for a recovery. Getting hammered today but if it keeps plying its trade this fall could be a window of opportunity. Its Australian rival is due to pull out of the UK so this looks a custom made opportunity to get in.
Long term I think this is undervalued because of Screwfix, however I sold out at 341 today, I think it will take a couple of years before the market recgnises the underlying value in a sum of the parts valuation so hopefully i will be able to buy back in for another ride
Yes atmos i also sold SPD to early good day here looks like its pulling back a bit now ATB
I was thinking of SPD myself Smokey, sold out too early there and not looking to do the same again. The price hasn't been this low for 3 years and they are financially better off now so I don't see this going into panic mode but I take your point and while its in KGF's interest to keep the price low I doubt we will see much good news over the next couple of months.
Atmos i agree with you and mulder wonder if they could hold down sp for 2 months probaly can and will.i seen it happen at spd and when buyback was over sp went up a quid the problem is they could drive sp so low pi panic and sell ?
You've got the right of this Mulder, scam it may be but with PE at 10.7 and Book Value 0.95 this is an undervalued stock that will bounce back IMO. The only question I see is when to buy (or average down in my case) as previous resistance has been around 288 but this buyback scheme is set to run till December, so where's the bottom?
Yet another example of this today. The company/nominated bank depresses the SP to buy back shares at a lower cost. 319p to 296p in 2 days for no reason other than 'buy backs' Obscene scam.
Why does a share buyback automatically drop the SP? There's a scam in itself. P/E of just 10, better than expected results and the SP collapses!
20-Sep-17 Credit Suisse Outperform 410p 410p Reiteration
Thank you are clarifying that yesterday.
Results actually ahead if expectations. P/E of 10 Dividend raised also and more buybacks!
H1 Results tomorrow actually not 22nd I am half expecting the market to have one of their manic mornings trashing this by 15-20% on the back of a slide in EPS and a 'challenging market' - both of which are not unexpected. Any troubles in Europe and here have been well flagged so it will be a con as always with short sellers/MM's toying with the SP. I prefer special dividends to buy-backs as the SP always seems to fall during it which is suspicious in itself - just look at WPP at the moment. NG, SSE earlier. The real strength of KGF lies in its cashflow and superb balance sheet that is the best in the entire FTSE100 Also trading below book value still.
Thanks for the info.Look forward to news!
Big day in prospect. Let's see if KGF continue to maintain FY guidance. What I don't like is the relative lack of recent BOD buying with the share price near these levels.
On July 11, 2008 the share price hit 91.80 pence. Whether this was an intra-day on closing day low I'm unaware. So yes under £1. However cannot confirm that was an all time low.
Hi Darryl. Current buyback programme finished today. Plan was to buyback a maximum of £60 million pounds worth for cancellation from mid. July to mid. Sept, should get news soon of what they actually bought. D.
Does anyone know if you can find out how far along they are in the buy back scheme? How many shares do they still need to buy-back?