lol88
04 Feb 2017
Re: No subject Nothing to add just fed up seeing the same post every time I. Checked the BB for gossip / opinion.567864
Sambram
09 Sep 2016
ahead of expectations! Update on Kingfisher from AlphaValue (taken from Research Tree):"Kingfisher released a Q2 FY16 trading update ahead of our estimates as well as market consensus. The lfl revenue increased by 3% (vs Q1 16: +3.6%, Q4 15: +2.8%; our estimate: +1.5%), once again driven by the strong performance in the UK & Ireland (Q2 16: +7.2% vs our estimate: +1.8%). B&Q clocked lfl growth of 5.6% (vs our estimate: +2.5%) on the back of strong demand of both seasonal (+9.6% yoy) and non-seasonal products (+3.4%; includes showroom). Likewise, Screwfix continued the resilient performance with +13.3% lfl, led by its Omni channel capability, roll-out of new / extended ranges and new outlets. Among international markets, Poland (Q2 16: +7.3%, Q1 16: +10.8%; our estimate: +2.5%) continued to benefit from supportive market conditions, new ranges and strong growth from seasonal and non-seasonal products. France was down 3.2% on a lfl basis (vs Q1 16: +0.2%, Q4 15: -1.0%; our estimate..."
nk1999
20 Aug 2016
Haitong Research "Kingfisher a ‘sell’ on ‘Brexit’ pressuresB&Q owner Kingfisher (KGF) is reliant on UK sales, which ‘Brexit’ could place under pressure. Haitong Research analyst Tony Shiret retained his ‘sell’ recommendation and ‘fair value’ price of 275p on the shares, which rose 1.8% to 364.3p yesterday. ‘In terms of the longer term shape of the Kingfisher story, the company has been stuck in a pattern of flat to weak French sales and stronger UK performance boosted by the more trade-based elements, especially Screwfix, for some time now,’ he said. ‘Given “Brexit” implications for discretionary demand, we would regard greater reliance on UK performance as a vulnerability.‘Kingfisher benefited from its currency mix to the point of the “Brexit” vote and has behaved similarly to other UK non-food retail majors more recently. It retains a decent but not huge premium to the valuation of large comparators like Next and M&S.’"From Citywire.
nk1999
04 Apr 2016
Numis From ADVFN:"Kingfisher has been given a 'reduce' rating by Numis after the company's recent full year results.Numis said it was yet to be convinced that the home improvement retailer's transformation plan will successfully address the group's low return on capital employed or develop new growth channels. The broker reiterated its target of 325p, which compares to the share price of 378p at 1123 BST on Monday."Meanwhile, the liquidity profile is less compelling," said Numis analyst Matthew Taylor."We view the valuation as challenging on 16.6 times price-earnings ratio/ 4% free cash flow yield to full year 2016."The company, which owns B&Q and Screwfix, last month reported a 0.3% increase in adjusted pre-tax profit to £686m despite a 2.6% drop in adjusted sales to £10.3bn due to foreign exchange headwinds.Kingfisher said its five-year turnaround plan, announced in January, was on track but warned that profits would be hit in the first two years with a total expected cash cost of £800m. The company expects the plan to deliver a £500m sustainable annual profit uplift by end of year five."We remain sceptical that the strategy will eventually achieve £500m per annum of incremental profit and view the implementation costs, notably the £800m cash impairment, as significant," Taylor said.However, the analyst said the 2016 full year results slightly beat estimates and Numis has raised its 2017 forecast by 4% due to a more favourable currency backdrop.The underlying trading picture was said to be "solid enough", while the shares have benefited from the recent weakness in sterling with the 10% fall equivalent to a "circa 5%" upgrade."SP today ~ 375p.
II Editor
23 Mar 2016
NEW ARTICLE: Big-spending Kingfisher defies doubters "There are big changes afoot at LSE:KGF:Kingfisher. It will shut 15% of its B&Q DIY stores this year, slash costs and roll out a better IT system. If everything goes to plan, annual profit should increase by an incredible £500 million in five ..."[link]
II Editor
15 Sep 2015
NEW ARTICLE: Kingfisher's wings clipped again "LSE:KGF:Kingfisher shares remain trapped in a narrow trading range following an uninspiring set of half-year results. The weak euro put a big dent in profits at the B&Q owner and the outlook for France is unconvincing. It also looks increasingly ..."[link]
mcescher
28 Jul 2015
Kingfisher fundmentals report The analyst consensus for KGF is look very bullish over the next few years, what do people think? [link]
II Editor
23 Jul 2015
NEW ARTICLE: Seasonal uplift at Kingfisher "Against weak comparatives, B&Q owner LSE:KGF:Kingfisher has inspired investors with a decent set of second-quarter numbers. There's been growth across the board over the three months, but more focus will need to turn to developing the core ..."[link]
nk1999
20 Jun 2015
Morgan Stanley From ADVFN:"Morgan Stanley downgraded Kingfisher to 'underweight' from 'equalweight' but raised the price target to 310p from 300p.It noted that since it upgraded the stock in December, Kingfisher has exited China at a price below asset value, seen its proposed acquisition of Mr Bricolage fall through and experienced significant adverse currency movements.The bank said the company's new strategy to create a unified business by selling the same products across Europe presented in the same way is high risk."Whilst we accept that this strategy could deliver very material cost savings, we think that it may negatively impact sales, potentially very significantly," it said."CMP = 364.3p.nk
citytrade
08 Jun 2015
strong company buffett backed. Watched it for years. Moves to successive peaksHard to fault it.
iolots
02 Apr 2015
Expensive and failing strategy. Customers needs are not the same. From CEx report - 'We can achieve significant benefits from developing a more common, unique and effective offer. It is becoming increasingly clear that customer needs are already largely the same, that the markets we serve are fundamentally more similar than different, and that there are few known manufacturer brands across the sector.' !!!!!!!!!!!!!!!!!!!!The published strategy seems mostly sound but to conclude that europeans from Ireland across to Poland and Romania have the 'same needs' does not seem to reflect other retailers e.g M&S, Tesco, Ford, Next and the demise of C&A etc. let alone major culture differences, immigration concerns, UKIP, France's problems and so on. This new strategy is also flying in the face of the failing Euro and Greece problems! We are not the same and don't want to be.Similaries yes but to base a new expensive reorganisation on a strategy that has failed time and again seems a huge gamble. British houses and regulations separate us from otehrs who also have their own styles and cultures which need to be acknowledged and won't change just because one retailer wants it. Taking on ex IKEA managers won't jus make Kingfisher the next IKEA with its decades of development.Another expensive failure - ask Buffet and Tesco.
oldjoe1
05 Mar 2015
KGF Broker Upgrade..... Credit Suisse Raises Kingfisher plc Price Target to GBX 400 (KGF)March 3rd, 2015 •Updated March 5th, 2015Equities researchers at Credit Suisse upped their target price on shares of Kingfisher plc (LON:KGF) from GBX 360 ($5.55) to GBX 400 ($6.16) in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target points to a potential upside of 8.20% from the stock’s previous close.Shares of Kingfisher plc (LON:KGF) opened at 364.20 on Tuesday. Kingfisher plc has a 52 week low of GBX 283.00 and a 52 week high of GBX 512.00. The stock’s 50-day moving average is GBX 340.8 and its 200-day moving average is GBX 317.5. The company’s market cap is £8.610 billion.A number of other analysts have also recently weighed in on KGF. Analysts at AlphaValue reiterated a “buy” rating and set a GBX 397 ($6.12) price target on shares of Kingfisher plc in a research note on Friday. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating and set a GBX 270 ($4.16) price target on shares of Kingfisher plc in a research note on Wednesday, February 25th. Analysts at Barclays downgraded shares of Kingfisher plc to an “underweight” rating and lowered their price target for the stock from GBX 285 ($4.39) to GBX 270 ($4.16) in a research note on Friday, February 20th. Finally, analysts at Bank of America raised their price target on shares of Kingfisher plc from GBX 290 ($4.47) to GBX 300 ($4.62) and gave the company an “underperform” rating in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 318.10 ($4.90).Kingfisher plc is a home improvement retailer. The Company, through its subsidiaries, joint ventures and associates supply home improvement products and services through a network of retail stores and other channels, located in the United Kingdom, continental Europe and China. The Company’s geographic segments are France, United Kingdom and Ireland and Other International.
citytrade
05 Jan 2015
good prospects they do the business dont they? Up to 350
DAWTO
06 Dec 2014
Re: Investing Daily - Positive once moreKingfisher is a great European turnaround play up to $14:investingdaily.com
DAWTO
06 Dec 2014
Investing Daily - Positive Kingfisher is a great European turnaround play up to $14:[link]
