Member Info for ParanoiaBlue

"Full year sales rose almost 11% at Kingfisher where adjusted pre-tax profit came in 3% higher, although the DIY retailer is shutting stores in China after sales slumped by a quarter. The B&Q owner reported a rise in adjusted profit before tax to £368m for the year ended 31 January 2009, up from £357m a year ago, pretty much as expected. Retail sales increased 10.8% to £10.03bn and retail profit by 7.2% to £503m."

..I don't know if there is any news, or it is just the market finally seeing sense!

..longish term = OK PS I intend to have a few "veggie-dips" tonight before the main course. ATB

...that I had this little beauty in one of my portfolios. But why the great bounce today?

Sorry to butt in! I haven’t seen you posting for a while! I trust that things are going well. You are probably “ultra-busy-bee” this time of year! Take care. Don’t work too hard, catch you later!

....causing some sort of upward thermal?

:) I'm "cream-crackered!"

Sports Gear and GYMs have one hell of a recession coming :-) It is always 12 months after the property slumps! Mark my words :-) To have a different opinion isn't a bad thing, more an acceptance that you should learn / accept information. The Blue

I would agree, but like most, if not all, assets/commodities, land is cyclical is price/ value/worth – whatever one wishes to call it – but they are different essences :) I just believe that we are at the wrong point of this particular cycle to acquire land –or property. There will be much better opportunities in days still to come. Anyway, we can agree to disagree, I sure. PS Note how I couched that in agree/disagree language. PPS What is you take on investing in sports gear?

I come from a land owning background. Although I have no exposure just now, nor with property.

You have got to do something with land, or make land do something for you to exploit its “worth,” and maintain capital. However going back to my first point: cost, and affordability are easily determined, but “value” – which is the crux of the matter – is far more difficult to assess! I believe that most assets – are way over valued, apart from gold, which actually held up rather well today, while all the nutters went daft in the US

The Feb. 5.1% increase in home sales also, has had an effect. However it is silly to base things on an one month manipulated blip. There is an awful lot of froth involved - scary! There is zero gaurantee that the private sector will be the least bit interested, anyway!

Land is far too overpriced - as is real estate - at the moment, bro!

It will be interesting to see. I find that any upward move with the share is a good chance to take out a short. ATB

http://i43.tinypic.com/34ii785.jpg

:) I was hoping for a little uplift with this one today. However their outlook statement is fairly "wishy-washy" saying virtually nothing really. Patience necessary, I'm afraid.

"Sticking with the retail sector, fashion retailers Next and Ted Baker are due to report next week – the former on Thursday and the later on Wednesday. Both will be hoping their results get a better reception than those announced this week by French Connection, which had analysts scurrying to downgrade their earnings forecasts. Profit before tax for Next is expected to be in the range of £415m to £435m. Performance by the catalogue and online sales unit, Directory, is once again expected to be the highlight."

"With little sign of a revival in the UK housing market trading has undoubtedly been tough for DIY retailer Kingfisher but the B&Q owner said last month that it is on course to hit market expectations of pre-tax profit of around £364m. Broker KBC Peel Hunt is more concerned about the company’s overseas operations, especially France. “We believe consensus estimates for France of low single-digit LFL [like-for-like] declines may prove to be overly optimistic,” the broker said."

I wouldn't ask SHAON for advice, unless you are having a laugh! He is one of the "day-time library brigade"

This is one of my “back-burner” shares. I wouldn’t expect anything too quickly. Thus I just leave it there hoping that it germinates, later on, at some stage!