first_img whatsapp Share KCS-content Wednesday 8 December 2010 7:21 pm Show Comments ▼ CAN KESA SUSTAIN ITS DRIVE FORWARD IN TOUGH MARKETS? whatsapp PHILIP DORGAN| ALTIUMComet was hit by the costs of store refits and a rebranding exercise, but it is difficult to see much in the way of margin improvement over the next 12 months. The Darty story remains strong. We maintain our ‘buy’ recommendation on the view that the shares are not expensive on fundamentals and have reasonable upside on an alternative scenario.RAMONA TIPNIS| SHORE CAPITALThe elimination of losses in Kesa’s developing markets is continuing apace (as it is at Dixons). We retain forecasts for now and reiterate our ‘sell’ recommendation as performance across the group has been as expected. The UK accounts for over 25 per cent of sales but is a very small portion of profits and this needs to show a step change.KEITH BOWMAN | HARGREAVES LANSDOWNWhen balancing recent share price strength against still intense competition and accompanying cautious management comments, market consensus opinion currently denotes a ‘hold’. Half-year profits have exceeded forecasts, aided by a management focus to increase online sales. A previously announced strategy to emulate many of the initiatives being pursued by rival DSG has also played its part. Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Tags: NULLlast_img