It’s now approaching a year ago that I most recently wrote on FTSE 100 European home improvement company Kingfisher (KGF), then concluding with the shares falling below 300p that I retained caution considering consumer sentiment and government budgets raised costs. What about now a “Q1 Trading Update” and the shares currently rising back to around 300p?
FTSE 100 home improvement company in Europe Kingfisher (KGF) has issued a “Q1 Trading Update” headlined “Good start to the year, reiterating full year guidance”. So what of the shares currently further down below 300p in response, having reached above 316p earlier this month?
Writing on B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and more international home improvement company Kingfisher (KGF) in November with the shares falling to below 260p, I concluded that, with macro developments further uncertainty, just on the recovery watchlist. The shares most recently closed at 279.7p but what of them currently falling towards 240p on the back of the company’s full-year results announcement?
B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and more international home improvement company Kingfisher (KGF) has issued a “Q3 Trading Update” headlined “Sales in line or ahead of the market across all our banners; full year profit guidance range tightened”. So why a currently approaching 13% lower share price response to below 260p?









