Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

279.10p
   
  • Change Today:
      7.10p
  • 52 Week High: 334.60
  • 52 Week Low: 203.00
  • Currency: UK Pounds
  • Shares Issued: 1,938.48m
  • Volume: 4,928,731
  • Market Cap: £5,410m
  • RiskGrade: 158

Wednesday preview: US-China trade talks, Fed meeting in focus

By Alexander Bueso

Date: Tuesday 17 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Traders will have their plates full on Wednesday as the 13th round of US-China trade consultations get underway in Washington DC and rate-setters at the Federal Reserve announce their latest policy decision.

Ahead of those consultations, China's Xinhua said that the country's vice finance minister and deputy director of the Office of the Central Commission for Financial and Economic Affairs, Liao Min, would lead the delegation that was due to head to the US on Wednesday.

According to the Global Times, Liao's inclusion could bring "fresh air" to the talks.

Separately, in a post to his account on social media platform Twitter, GT editor, Hu Xijin, said he hoped that the US could treat the bilateral talks with a "realistic attitude".

Recent optimism around the trade talks have already seen government bond yields return to nearly where they stood before the US President announced another round of trade tariffs at the start of August.

So much so that Fed funds futures were no longer factoring-in another cut to official interest rates by the Federal Open Market Committee on Wednesday, putting the odds at about 50.0%.

Despite that, economists at Barclays Research were still anticipating a 25 basis point reduction in the target range for the Fed funds rate to between 1.75-2.0% and that central bank chief, Jerome Powell, would stick to his commitment to "act as appropriate" in order to sustain the expansion.

If Barclays's rate call proves prescient, that would entail a degree of scope for a positive surprise for markets that wasn't there just a few weeks before - or exactly the opposite.

Also due out are UK consumer price data for August, with the year-on-year rate for both headline and core inflation seen dipping by one tenth of a percentage point in August, to 2.0% and 1.8%, respectively.

White goods retailer Kingfisher is the most important of the corporates scheduled to update markets on Wednesday.

According to CMC Markets UK's David Madden, investors will be especially keen to hear whether the company's recently-arrived boss, Thierry Garnier, intends to continue with his predecessor's cost-cutting drive.

And given the less than spectacular outlook for the sector due to Brexit, specifically, and the broader worldwide growth malaise on the back of trade tensions, it was an open question whether Kingfisher would stick to its full-year targets.

"The UK housing market is slowing down, and in some regions of the country, prices are falling. The UK construction PMI reading shows the sector is incurring negative growth," said Madden.

"Seeing as the group in involved in home improvements, and it acts a wholesaler to the construction industry, the outlook for the industry isn't great."

Wednesday September 18

INTERIMS

Accesso Technology Group, Attraqt Group , Bonhill Group, Cello Health, Clearstar Inc. (DI), Jarvis Securities, Judges Scientific, Keywords Studios, Maxcyte (DI), Pendragon, Strix Group , Surgical Innovations Group, Walcom Group (DI), Warpaint London , Yu Group

INTERIM DIVIDEND PAYMENT DATE

Tullow Oil

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Building Permits (US) (13:30)

Consumer Price Index (EU) (10:00)

Crude Oil Inventories (US) (15:30)

Housing Starts (US) (13:30)

MBA Mortgage Applications (US) (12:00)

FINALS

Avingtrans, Pan African Resources

AGMS

Colefax Group, Games Workshop Group, Jupiter Green Inv Trust, Schroder Real Estate Investment Trust Ltd, Zoo Digital Group

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (09:30)

Producer Price Index (09:30)

Retail Price Index (09:30)

FINAL DIVIDEND PAYMENT DATE

Cohort

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kingfisher Market Data

Currency UK Pounds
Share Price 279.10p
Change Today 7.10p
% Change 2.61 %
52 Week High 334.60
52 Week Low 203.00
Volume 4,928,731
Shares Issued 1,938.48m
Market Cap £5,410m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.52% above the market average17.52% above the market average17.52% above the market average17.52% above the market average17.52% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
31.72% above the market average31.72% above the market average31.72% above the market average31.72% above the market average31.72% above the market average
26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average
Income
68.09% above the market average68.09% above the market average68.09% above the market average68.09% above the market average68.09% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Growth
39.06% above the market average39.06% above the market average39.06% above the market average39.06% above the market average39.06% above the market average
4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 10
Sell 5
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kingfisher Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-22 19-May-22
Paid 11-Nov-22 27-Jun-22
Amount 3.80p 8.60p

Trades for 30-Jan-2023

Time Volume / Share Price
16:45 15,473 @ 279.30p
16:45 15,473 @ 279.30p
16:35 2,947,035 @ 279.10p
16:35 3,335 @ 279.10p
16:35 2,769 @ 279.10p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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