ANALYST VIEWS: WHAT WILL LIFE AFTER COMET BE LIKE FOR KESA?

RICHARD HUNTER | HARGREAVES LANSDOWN

The planned disposal of the UK Comet business will convert the company into a European, especially French, play and even here the previously promising development has weakened. The Comet disposal has also resulted in some notable impairment charges. There are some glimmers of hope.

DAVID JEARY | INVESTEC

The Comet disposal will severely weaken Kesa’s balance sheet, in our view with the trading outlook weakening in its core French market, together with tough situations in both Italy and Spain. We reiterate our sell recommendation on Kesa.

RICHARD CURR | PRIME MARKETS

In the view of Prime Markets, Kesa are not yet out of the woods, so for now shares are a sell into any strength - certainly until there is evidence of a return to profit in the second half. the sovereign debt crises in Italy and France have started to impact on revenues from European operations.