|Bid||264.30 x 486400|
|Ask||264.60 x 65600|
|Day's Range||262.60 - 265.50|
|52 Week Range||202.70 - 319.70|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||25.93|
|Forward Dividend & Yield||0.11 (4.61%)|
|1y Target Est||269.15|
It raises yet again a question that’s puzzled two successive governments and will continue to bedevil whichever party takes power after elections conclude next month: What’s killing capitalism in India? Jet was born in the early 1990s, when India’s closed Soviet-style planned economy had just started embracing globalization and private enterprise. An airline that was at one point the industry’s dominant player should theoretically have been able to thrive.
Once the nation’s biggest airline by market value, Jet Airways’ shares nosedived by a record 31 percent on Thursday in Mumbai after saying it would suspend operations on a “temporary” basis as it ran out of money. A severe cash crunch had pushed Vijay Mallya’s indebted Kingfisher Airlines Ltd. to ground its planes in 2012. It never flew again and Mallya is still fighting his extradition to India from London.
India’s oldest privately owned airline suspended operations on a “temporary” basis on Wednesday after failing to secure a bailout. On one level, you could argue that this is a good sign for India: Its institutions are holding up. State-owned banks are Jet’s biggest creditors and they seem unwilling to throw more money at the airline without a clear revival plan.
Jet Airways executives, including operational heads, are meeting in Mumbai Tuesday to take a call on complete halt of operations, according to two persons in the know, even as the failing airline scrambles to get a new investor. Jet Airways, which broke into the monopoly of state-run Air India Ltd. in the early 1990s, went in a tailspin after a slew of budget airlines started offering ultra-low fares which hurt its profits and led to a mountain of debt over the past decade.
China's manufacturing sector surprisingly returned to growth for the first time in four months. The country's State Council on Sunday said additional tariffs on imports of U.S. vehicles and auto parts would continue to be suspended after April 1 in a goodwill gesture. "It's the optimism coming out of China," said Naeem Aslam, chief market analyst at TF Global Markets (UK) Ltd in London.
Jet’s board approved the resignation of Goyal, 69, and his wife Anita, the second-biggest full-service airline in India said in a filing Monday. The resignation marks the end of an era as Goyal, once ranked as one of India’s 100 richest people, is widely seen as a pioneer in India’s fast-growing aviation industry.
By Shashwat Awasthi and Yadarisa Shabong (Reuters) - Financial stocks and housebuilders slipped after British Prime Minister Theresa May asked the European Union to delay Brexit and caused the FTSE 100 ...
Home improvement retailer Kingfisher is parting company with Chief Executive Véronique Laury after it reported a 13 percent fall in annual profit, more than halfway through a five-year transformation plan that was designed to boost earnings. The group, whose main businesses are B&Q and Screwfix in Britain and Castorama and Brico Depot in France and elsewhere, has just entered the fourth year of a five-year programme that aimed to raise annual profit by 500 million pounds from 2021. Kingfisher said on Wednesday that separating out the 500 million pound targeted profit improvement from the rest of the business no longer reflected how it is managed -- effectively an abandonment of the target.
The FTSE 100 was flat while the FTSE 250 was up 0.2 percent. The index was also supported by Standard Life Aberdeen which rose 2.4 percent on its best day since early January after posting full-year results and saying that it was doing away with a dual-CEO management structure. Lawmakers voted against Prime Minister Theresa May's amended Brexit deal by 391 to 242 on Tuesday, forcing parliament to decide whether to back a no-deal Brexit or seek a last-minute delay to the process.
Today we are going to look at Kingfisher plc (LON:KGF) to see whether it might be an attractive investment prospect. Specifically, we're going to calculate its Return On Capital EmployedRead More...
Cutthroat price competition denied it that opportunity, and now banks are picking up a majority stake – at a price of 1 rupee for 114 million shares. Banks will get into trouble if the rescue eventually fails, like it did in the case of a 2011 debt-to-equity swap at the now-defunct Kingfisher Airlines.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today I will be providing a simpleRead More...
It looks as if that is what’s about to happen at DIY retailer Kingfisher Plc. The board is considering sacking Chief Executive Officer Veronique Laury, who has led the chain since the end of 2014, according to the Sunday Times. Underlying pre-tax profit fell 8 percent in fiscal 2018 and it is expected to decline again this year, according to the consensus of Bloomberg estimates.
Facing collapse, Jet has been trying to restructure its debt and seeking bailout money from founder Naresh Goyal and leading shareholder Etihad Airways PJSC. Should those attempts fail, Prime Minister Narendra Modi will have to explain the loss of 23,000 jobs ahead of May elections. Air India, known locally as the Maharajah, has been in similarly dire straits.
London's FTSE 100 (.FTSE) closed 0.03 percent higher after hitting near session lows with sterling gaining ground following May's comments that she would seek further concessions from the EU on a back-up plan to avoid a hard border in Ireland. Trading on Monday was muted as U.S. markets remained closed for Martin Luther King day and volumes in both British indexes were a little over half the 90-day average daily turnover. Sterling (GBP=D3) hit session highs against the U.S. dollar after May promised to be more open with parliament in negotiating the country's future relationship with the European Union.
In 2014 Véronique Laury-Deroubaix was appointed CEO of Kingfisher plc (LON:KGF). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Next, we'll consider Read More...
Since even that modest goal has proven elusive, India’s longest-surviving private airline now needs bankers with spine to keep flying. It’s been clear for some time that Jet, falling behind even on pilots’ wages, was going to skip a debt payment soon. As a full-service carrier, India’s second-largest airline spends that much more per available seat kilometer than its bigger rival, IndiGo.
By Muvija M and Shashwat Awasthi (Reuters) - The UK blue-chip index ended its worst year since the 2008 financial crisis in the red, as a strong pound pulled down exporter shares, offsetting U.S. President ...
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Kingfisher plc (LON:KGF) has paid a Read More...
Concurrently, Moody's affirmed Kingfisher's short-term Prime-2 rating. "Today's rating affirmation reflects the company's strong credit metrics and financial flexibility, notwithstanding the business disruption related to the ongoing business transformation and weak trading performance in France and UK" says Francesco Bozzano, a Moody's Analyst and lead analyst for Kingfisher.