Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

241.50p
   
  • Change Today:
      2.20p
  • 52 Week High: 356.00p
  • 52 Week Low: 203.00p
  • Currency: UK Pounds
  • Shares Issued: 1,950.46m
  • Volume: 956,562
  • Market Cap: £4,710.37m
  • RiskGrade: 158

Shortage of construction materials could delay UK housebuilding

By Caoimhe Toman

Date: Tuesday 26 Jan 2021

LONDON (ShareCast) - (Sharecast News) - An increasing shortage of construction materials in Britain is set to delay housebuilding in 2021.
The sector, which is already facing coronavirus-related hardships and price increases, said that it is still being impacted by the shortage of power tools, screws and fixings resulting from congestion at UK ports.

One builders' merchant said they were being given an August delivery date for roofing materials, such as pitched roof tiles, compared with a usual three-month wait as factories struggle to keep up.

The Builders Merchants Federation (BMF) said that if the problems were not resolved that could "have an impact on the number of houses that we are able to build in the UK".

"I wouldn't say it's having a major impact on contractors and housebuilders yet," said John Newcomb, the BMF's chief executive according to The Guardian. "But it could do over the next couple of months because clearly you can't build houses without roof tiles."

There were also continued shortages of materials coming from Asia due to problems at major container ports that were struggling to cope with the combination of high container volumes and Covid-19 restrictions.

About a quarter of all materials come from overseas and those were being hit with higher shipping prices, so much so that some producers were unable to absorb the huge price increases.

Nevertheless, builders' merchants and DIY stores were still upbeat thanks to the rise in sales over the past year as Britons spent lockdowns renovating their homes.

Recent figures from B&Q's owner, Kingfisher, showed sales were up 17% in 2020.

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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 241.50p
Change Today 2.20p
% Change 0.92 %
52 Week High 356.00p
52 Week Low 203.00p
Volume 956,562
Shares Issued 1,950.46m
Market Cap £4,710.37m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Price Trend
18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Income
73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Growth
42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 5
Strong Sell 2
Total 19
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 09-Dec-2022

Time Volume / Share Price
12:57 12 @ 241.50p
12:57 835 @ 241.50p
12:57 517 @ 241.50p
12:57 346 @ 241.50p
12:57 506 @ 241.60p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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