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Kingfisher PLC (KGF)

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tjh290633
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Kingfisher PLC (KGF)

#208898

Postby tjh290633 » March 20th, 2019, 4:02 pm

Final Results

https://www.investegate.co.uk/kingfishe ... 00053696T/

Financial highlights                                   % Total      % Total      % LFL*  
Change Change Change
---------------------------------------------------- --------- ----------- ----------
2018/19 2017/18 Reported Constant Constant
currency* currency
-------------------------- ----------- ----------- --------- ----------- ----------
Sales* GBP11,685m GBP11,655m +0.3% +0.3% (1.6)%
Gross margin* 36.9% 36.9% - (10)bps
Retail profit* GBP753m GBP849m (11.3)% (11.4)%
Underlying pre-tax
profit* GBP693m GBP797m (13.0)%
Adjusted pre-tax profit* GBP573m GBP683m (16.1)%
Underlying basic EPS*(1) 23.9p 25.5p (6.3)%
Adjusted basic EPS*
(1) 19.8p 21.8p (9.2)%
Lease adjusted ROCE*(1) 9.7% 10.4% (70)bps
Full year dividend 10.8p 10.8p -
Net cash* GBP48m GBP68m n/a
-------------------------- ----------- ----------- --------- ----------- ----------
(1) FY 2017/18 includes c. GBP20m corporate tax surcharge in
France


and:

Dividends and capital returns

The Board has proposed a final dividend of 7.49p which results in a full year dividend of 10.82p (2017/18: 10.82p). The full year dividend is covered 1.8 times by adjusted earnings (2017/18: 2.0 times). We continue to be comfortable with medium term dividend cover in the range of 2.0 to 2.5 times(1) based on adjusted basic earnings per share, a level the Board believes is consistent with the capital needs of the business.

The final dividend will be paid on 15 July 2019 to shareholders on the register at close of business on 7 June 2019. A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the Company. The shares will go ex-dividend on 6 June 2019. For those shareholders electing to receive the DRIP the last date for receipt of election is 24 June 2019.


TJH

tjh290633
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Re: Kingfisher PLC (KGF)

#252503

Postby tjh290633 » September 18th, 2019, 10:55 am

Interim Results: https://www.investegate.co.uk/kingfishe ... 00166856M/

Financial highlights                           % Total      % Total      % LFL* 
Change Change Change
--------------------------------------------- --------- ----------- ----------
2019/20 2018/19(1) Reported Constant Constant
currency* currency
-------------------- ---------- ----------- --------- ----------- ----------
Sales GBP5,997m GBP6,080m (1.4)% (0.9)% (1.8)%
Gross margin* 37.0% 36.4% +60bps +60bps
Retail profit* GBP466m GBP490m (4.8)% (4.4)%
Underlying pre-tax
profit* GBP353m GBP377m (6.4)%
Adjusted pre-tax
profit* GBP337m GBP325m +3.7%
Statutory pre-tax
profit GBP245m GBP280m (12.5)%
Statutory post-tax
profit GBP171m GBP206m (17.0)%
Underlying basic
EPS* 12.3p 12.8p (3.9)%
Adjusted basic
EPS* 11.8p 11.0p +7.3%
Statutory basic
EPS 8.1p 9.6p (15.6)%
Interim dividend 3.33p 3.33p -
Net debt*(2) GBP2,384m GBP2,661m n/a
-------------------- ---------- ----------- --------- ----------- ----------

The Board has declared an interim dividend of 3.33p, flat on last year (2018/19: 3.33p). We continue to be comfortable with medium term dividend cover in the range of 2.0 to 2.5 times based on adjusted basic earnings per share, a level the Board believes is prudent and consistent with the capital needs of the business.

The interim dividend will be paid on 8 November 2019 to shareholders on the register at close of business on 4 October 2019. A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the Company. The shares will go ex-dividend on 3 October 2019. For those shareholders electing to participate in the DRIP, the last date for receipt of elections is 18 October 2019.


TJH

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Re: Kingfisher PLC (KGF)

#328022

Postby gawabsky » July 22nd, 2020, 7:37 pm

Trading Update : Like for like sales up 21%

Share Price up > 10% today.

https://www.investegate.co.uk/kingfishe ... 00066836T/

Gawabsky

tjh290633
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Re: Kingfisher PLC (KGF)

#328056

Postby tjh290633 » July 22nd, 2020, 10:48 pm

gawabsky wrote:Trading Update : Like for like sales up 21%

Share Price up > 10% today.

https://www.investegate.co.uk/kingfishe ... 00066836T/

Gawabsky

You could say quite encouraging. Up 14.6% at the close.

TJH

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Re: Kingfisher PLC (KGF)

#342111

Postby Wizard » September 23rd, 2020, 8:19 am

https://www.bbc.co.uk/news/business-54251236

B&Q owner Kingfisher is to hand back £23m in UK furlough cash after a do-it-yourself boom due to coronavirus...

Over the six months to 31 July, the group claimed £55m in state aid in its different markets, including the £23m it intends to repay in the UK.

However, a spokesman for the group said the situation in France was "very different" and that profit had been hit by an extended period of lockdown.

tjh290633
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Re: Kingfisher PLC (KGF)

#397875

Postby tjh290633 » March 22nd, 2021, 10:09 am

Kingfisher Resume Dividends

https://www.investegate.co.uk/kingfishe ... 00079424S/
Resuming dividends - progressive, sustainable dividend policy established (target dividend cover* of 2.25-2.75x)

and
The Board has proposed a total dividend per share of 8.25p in respect of FY 20/21, comprising an interim dividend of 2.75p in respect of the six months ended 31 July 2020 (FY 19/20 interim dividend: 3.33p) and a final dividend of 5.50p (FY 19/20 final dividend: nil). The final dividend is subject to the approval of shareholders at the Annual General Meeting on 30 June 2021, and will be paid alongside the interim dividend on 5 July 2021 to shareholders on the register at close of business on 4 June 2021.

Not at the previous level of 10.82p before the panic, but very welcome.

TJH

tjh290633
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Re: Kingfisher PLC (KGF)

#531142

Postby tjh290633 » September 20th, 2022, 10:11 pm

https://www.investegate.co.uk/kingfishe ... 00099281Z/

Half Year Results
Highlights

· H1 performance in line with expectations (total sales -2.8% in constant currency and LFL -4.1%)

· Sales significantly ahead of pre-pandemic levels (3-year LFL sales +16.6%), supported by market share gains ; Group Q2 sales trend ahead of Q1

· Resilient sales from both DIY and DIFM/trade categories

· Continued effective management of inflation and supply chain pressures

· Strong execution against our strategic priorities and investing for growth - digital, trade proposition, Screwfix and Poland expansion

· Attractive shareholder returns through dividends and ongoing second £300m share buyback programme; reflects confidence in long-term growth and cash generation opportunity

and
Interim ordinary dividend

The Board has declared an interim dividend of 3.80 pence per share, flat versus the H1 21/22 interim dividend of 3.80 pence per share.

The interim dividend will be paid on 11 November 2022 to shareholders on the register at close of business on 7 October 2022. A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the Company's shares. The shares will go ex-dividend on 6 October 2022. The last date for receipt of DRIP elections is 21 October 2022.

Currently yielding 5.2%.

TJH

tjh290633
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Re: Kingfisher PLC (KGF)

#655737

Postby tjh290633 » March 25th, 2024, 9:47 am

Final results for the year ended 31 January 2024

https://www.investegate.co.uk/announcem ... 2-/8103669

FY 23/24 highlights

· Total sales -1.8% and LFL -3.1%. Q4 LFL -4.3%

· Positive UK & Ireland sales, alongside consistent market share gains. France and Poland sales impacted by more challenging consumer backdrop

· Sequential quarterly improvement in volume trend in 'core' categories as retail price inflation tapers

· E-commerce sales penetration up to 17.4% (FY 22/23: 16.3%), supported by strong marketplace sales growth at B&Q

· Adjusted PBT and free cash flow delivered in line with guidance. Statutory PBT down 22.3% to £475m

· Commenced new £300m share buyback programme (c.£50m completed to date). Proposed total dividend for FY 23/24 maintained at 12.40p per share, in line with FY 22/23

and later:
Dividend for FY 23/24

The Board has proposed a final dividend per share of 8.60p. This results in a proposed total dividend per share of 12.40p in respect of FY 23/24, which is in line with the prior year (FY 22/23: 12.40p) and equates to a dividend cover of 1.8 times.

The final dividend is subject to shareholder approval at the Annual General Meeting on 20 June 2024,

and if approved will be paid on 25 June 2024 to shareholders on the register at close of business on 17 May 2024. The shares will go ex-dividend on 16 May 2024.


Shares down a little on these results. Yield above 5% with the dividend held for 3 years at this level.

TJH


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