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Results: KGF

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Kingfisher keeps on hoping for more and more “home nesting” by us all

Some GSK plc (GSK) shareholders have sold their Haleon (HLN) spin-off shares and some have not. I belong in the latter group on the basis that today’s half one numbers are a classic double or quits moment, based far more on the conference call being held by “one of the world's largest providers of specialist oral health” later today. I look forward to sharing some thoughts with you all on this tomorrow – as shown by the share price rise this morning, the numbers were alright…but what really matters is where the group is going over the rest of the decade. Meanwhile, a couple of months ago I wrote on Kingfisher (KGF).


If You B&Q it, You may Possibly Enjoy a Higher-Flying Share Price

Hello Share Smashers. Kingfisher (KGF) is a wily old bird that knows how to make money. It owns B&Q, which has done rather well during the Covid crisis. People spending more time working from home want a nicer environment. So they’re spending the time saved on commuting doing up their pads.


Kingfisher has rising profits and hopes for Screwfix...but also falling B&Q sales

I said back in March about Kingfisher (KGF) that it ‘loves the rise and rise of DIYers’.  And you can see the impact on the share price over the last eight or so months, rising from well below 300p to over 350p.  But today the share is down over 4% at below 325p, and that is despite the company observing in its Q3 update today that it ‘continues to grow its market share, driven by strong execution of our new strategy’. So what is going on?

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