Kingfisher began life as Woolworth Holdings back in 1982, as a parent company for Woolworths, B&Q and Woolworths Properties. The group acquired the electricals chain Comet and health retailer Superdrug in the 1980's before changing its name to Kingfisher in 1989. The group has rapidly expanded, acquiring retailers all over the world, but in 1999 its plan to buy supermarket group Asda was thwarted by US giant Wal-Mart. In 2003 the group demerged its electrical & furniture arms to form Kesa Electricals.
Kingfisher Plc Ord 15 5/7P is listed on the London Stock Exchange trading with ticker code KGF.L, and is part of the Retailers sector. It has a market capitalisation of £562,134m, with approximately 2,110m shares in issue. Over the last year, Kingfisher Plc share price has been traded in a range of 117, hitting a high of 319.70, and a low of 202.70.
Kingfisher Plc, officially known as Kingfisher Plc Ord 15 5/7P was formed in September of 1982, making the company thirty seven years old. The company filed its latest accounts on 31st January 2015, showing a turnover of approximately 10.97 billion GBX with gross profits of 4.05 billion, or 1.9184 per issued share, and a pre-tax profit margin of 5.87%. Kingfisher Plc currently has 9 directors, and has had 35 previous directors over the last 37 years. In the last set of accounts produced by Deloitte Llp, the company showed 1.56 billion paid in salaries to the 77,000 staff (average wage of 20 thousand), with the directors receiving an average 544 thousand each. In the accounts filed in 2015, the company paid 334000000 in dividends, or 0.1583 per share. These accounts also showed Kingfisher Plc to have a net worth of 3.56 billion, with 561.00 million held in cash.
Kingfisher Plc is in the Retailers sector.
|London Stock Exchange (LSE.L)|
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|Shares in Issue||2,110m|
|52 Week High||319.70|
|52 Week Low||202.70|
Kingfisher Plc. is a compelling Buy at the current price level. The stock finished trading on the London Stock exchange at 340p a share on 21st December, up by 0.35% compared to the previous close. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 333.0p, 318p and 309p respectively, which also indicates towards the bullish trend of the stock. In terms of technical analysis or charting also, the stock has been firmly trading on the upward trend line and has been forming higher highs and lower lows. The immediate support and resistance for the stock is at 333p and 350p respectively. Any breakout above 350p may also take the stock to 370p as well. Therefore, traders or investors need to keep an eye at the respective levels and accordingly hedge the positions. (Read more)
Kingfisher Plc. is a compelling ‘Buy’ at the current price as the stock is pretty undervalued. The company announced its financial year 2016-17 full year financial results last week on 22nd March. However, it seems that the results failed to cheer the investors as the stock opened gap down the same day and continued to fall! The stock finished trading on the London Stock exchange at 324.4p on 28th March, down by 0.25% compared to the previous close. Currently, the stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 334p, 332p and 342p respectively. Clearly the stock has been in the bearish trend for quite some time. However, it seems that the stock is done with its correction and is ready to consolidate now at the current levels. The stock is having a very crucial support at 321p, any breakdown below 321p would means further downside and would also indicate that there is still some more room for correction. Therefore, traders or investors shall not hold their long positions, if at all the stock goes below 320p. The moving averages would act as a strong resistance for the stock. However, we see short term upside up to 337p in a span of 15 days to 1 month. In case, the stock pierces 337p then next target would be 350p. Also, to confirm the bull trend the stock needs to cross 332p, so traders are advised to initiate fresh longs only if the stock goes above 332p. The long term view of the stock remains bullish only as the company has strong fundamentals and financial matrix. (Read more)