Kingfisher Share Price (KGF)

Shares rise 11% on pleasing interims and nobody has anything to say !

I watched the post results presentation and management is pretty confident.

"Based on our performance in H1 and our current view of the trading environments in our markets, we now expect FY 24/25 adjusted PBT of c.£510m to £550m (previously c.£490m to £550m). We have also upgraded our FY 24/25 free cash flow guidance range to c.£410m to £460m (previously c.£350m to £410m)."

France is still soft and our "joint venture in Turkey, Koçtaş, which we expect will contribute an overall net loss of c.£25m" But otherwise looking good particularly if you think falling interest rates will help the UK economy.

Maj Nazir (Group Investor Relations Director) and Anisha Singhal (Deputy Investor Relations Director) of Kingfisher plc hosted an Investor Presentation following their Q1 update.

An introduction to the investment story was followed by a Strategy update including a clear plan for France. They also discussed their positioning for 2025 and provided outlook & guidance for FY24/25. Finally there was a wide-ranging Questions & Answer session.

The full video has been divided into chapters, as below:

0:00:03 Welcome remarks

0:00:47 Introduction - Kingfisher investment thesis and strategic priorities

0:06:52 Financial results & Q1 Trading Update

0:10:20 Outlook & guidance for FY 24/25

0:13:49 Strategy update

0:21:19 A clear plan to take France to the next level

0:23:10 Positioning for 2025 and beyond

0:28:22 Question & Answers

Link to full video: https://www.equitydevelopment.co.uk/research/kingfisher-plc-investor-presentation-may-2024

Maj Nazir (Group Investor Relations Director) and Anisha Singhal (Deputy Investor Relations Director) of Kingfisher plc will be hosting an Investor Presentation with Q&A on Wednesday 22nd May at 11.00am.

This will be an opportunity for viewers to hear an introduction to the Kingfisher investment story, highlights for the FY23/24 period and the messages from the Q1 Trading Update (due on 21st May).

The online event is open to all existing & potential shareholders. Questions can be submitted during the presentation and will be addressed at the end.

Link to register: https://www.equitydevelopment.co.uk/news-and-events/kingfisher-investorpresentation-22may

MB : Slow down in this sector is picking up the pace. Tops tiles results yesterday also highlight this. Just drop into Tools station, Wickes, Screwfix or Selco, Travis and see for your self. I was in Wickes yesterday and staff confirmed this.

KGF is 2nd highest shorted stock at present and rising. Shorter increasing their stake last week after result. I guess dividend is one of the reason this is till up. Mr Garnier is trying all the tricks in the book to hold/slowdown the decline of SP. At the end of the day gravity will win. As for Home Depot comparison, two very different markets.......imho...dyor.

At some point, yes. GL tomorrow. Happy to hold and add on weakness.