Kingfisher (KGF LN, BUY, T/P 360p) - Meeting with WH Sales | Summary Points
We met the company on Friday. We believe that they are doing a pre-year-end round of buy and sell side meetings – so the following may already be known to some extent in the market. We generally regarded the discussion as interesting without material news as such. Much of what is being discussed shows a change of emphasis but mainly likely to deliver if successful in the medium to longer term. But we thought that the direction of thinking has become more realistic and positive.Kingfisher supplies home improvement products and services through a network of retail stores and other channels, located mainly in the U.K. and continental Europe. As of Jan 31 2017, Co. had nearly 1,200 stores in 10 countries across Europe.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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