You are here

Prices & Quotes - UK Markets - Kingfisher (KGF)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 270.90p
Change Today:
0.100p
Market Cap:
5,716m
Sector:
General Retailers

Kingfisher scraps dividend but flags positive trading

By Sean Farrell

Date: Monday 23 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Kingfisher scrapped its final dividend in response to the Covid-19 crisis but said trading had shown positive trends in the current financial year.
The owner of B&Q and Screwfix said it cancelled the dividend due to "unprecedented" uncertainty caused by the coronavirus outbreak. Kingfisher joins a series of companies hanging on to cash to shore up finances instead of paying out to shareholders.

The DIY retailer was due to report annual results on 24 March but has delayed the announcement under orders from the Financial Conduct Authority because of the coronavirus crisis. It said like-for-like sales fell 1.5% in the year to the end of January but that they turned positive in the final quarter, rising 1.7%.

Trading continued to improve from 1 February to 14 March. In February like-for-like sales rose 2.3% excluding the effect of the leap year. In the first two weeks of March sales rose across all businesses. In the third week of March the UK remained positive but France was affected by store closures and demand was weak in Poland.

Kingfisher shares rose 5.6% to 133.15p at 10:21 GMT.

The company said its stores in France and Spain had closed for two weeks to comply with government requests but that its UK and Ireland outlets remained open as well as those in Russia and eastern Europe. It is restricting the number of people in stores and carrying out strict "social distancing" rules.

At the end of January Kingfisher had cash and equivalents of 195m and borrowings of 158m. Including lease liabilities its total net debt was 2.53m.

In China nearly all suppliers' factories have reopened and more than 85% of orders have less than a four-week delay. In Europe, Italian factories have closed or are expected to do so and there are doubts about transportation of goods across the continent. Kingfisher said risk to product availability was manageable.

Chief Executive Thierry Garnier has been trying to revive Kingfisher's sales since arriving in September. His measures have included reintroducing trading events and cutting prices at Screwfix.

Garnier said: "These are unprecedented times. We'll get through them and, when we do, we are as a team committed to returning Kingfisher to growth."





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

 

Kingfisher Market Data

Currency UK Pounds
Price 270.90p
Change Today 0.100p
52 Week High 321.40p
52 Week Low 124.05p
Volume 11,099,309
Shares Issued 2,110.15m
Market Cap 5,716m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Dividend Yield
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 6
Sell 1
Strong Sell 3
Total 17
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 03-Oct-19 06-Jun-19
Paid 08-Nov-19 15-Jul-19
Amount 3.33p 7.49p

Trades for 27-Nov-2020

Time Volume / Share Price
16:51 57 @ 270.40p
16:51 89 @ 270.40p
16:51 2,525 @ 270.40p
16:35 6,496,681 @ 270.90p
16:29 488 @ 271.20p

Kingfisher Key Personnel

Chair Andrew Cosslett
CFO Bernard Bot