Kier Group Forum

The reason why is got to 60p is because hedge fund shorters were selling into it, and no one was buying because there was no positive news coming out of the company. That changed on Thursday last week. Shorters are starting to close out, just a little for now, but maybe more later.

Kier went up 30% because the RNS revealed that debt was reducing, not spiralling out of control. Also, the news about the sale of the housebuilding division (Kier Living) will bring debt down to a very manageable level and it sounds as though the sale has been largely agreed. I'll be more confident when the deal is done. Also, revenue is good; £4.2bn previous yr, only slightly less this last yr at £4.1bn. Also new FD to replace Bev Dew who messed things up a little when he misreported debt earlier this year - lost the trust of investors.

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what is going on with the SP over the last 2 weeks? we were posting good gains last quarter!