Thunderjack
10 Sep 2019
Fairly big day for Kier shares today; up 5.5p almost 5% on increasing volume. Share price looks like it's broken out, finishing above 120p, ahead of results due on Thursday next week. Since the current p/e is around 1, if the results show that the business has made any profit and is not bust (all the signs are that debt is reducing and there will be some profits) I'm expecting this to take off in spectacular fashion. I was hoping to buy on a dip, but Kier got a lot of attention a few weeks ago with its trading update, so I might have to grab some at tomorrow's price. Hedge funds were shorting and one has exited completely, in anticipation of share price recovery. The others might be following.
stutes
10 Sep 2019
Kier Living [link] The proposed sale of Galliford Try’s homes unit may affect the sale of Kier Living as to price and general interest. It is also nteresting how the cycle has turned so big contractors appear to be exiting the housing market, having spent years and money gaining market share.
stutes
06 Sep 2019
Risk management [link] I wonder if K has too many big contracts ?
stutes
05 Sep 2019
Change in key staff Construction Enquirer I appreciate staff churn, what concerns me is the timing of the announcement ahead of tK’s rading update. It may well be unfounded.
Thunderjack
04 Sep 2019
Shorters haven't been 'flushed out'. It's the most shorted stock on the market. But some of the hedgefunds shorting kier are reducing their short. Current share price suggest that the company is going bust like carillion and interserve, but that was just the market making an obvious conclusion months back. Instead, according to the last trading update, debt is reducing. If the company isn't bust, this is underpriced by a factor of 3 or 4 at least. You've presented no facts to support your claim that 'this is going to zero'. Kier keeps winning contracts and is reportedly paying suppliers early! They had a rights issue none months ago and cancelled the dividend. Rights issue was £250m and the dividend last yr was about £67m. All of that money has gone into cash and is being used to reduce supplier payment days (down from massively from 57 to 41 days) and reduce debt. Results are out on the 19th. That's why the shorters are reducing. Kier isn't going bust and will likely be rerated on the 19th. Broker note from Peel and Hunt have a short term target of £2. So it's not 'a shorters' dream'. It might be a shorter's nightmare though.
SaraRacano
03 Sep 2019
A shorters dream It´s acting in similar fashion to Carpetright which defied the laws of gravity for a long time. The market makers have flushed out the shorters, this is what makes the most shorted stocks very dangerous. Also shorting is for a very short time. Shorters took their profits around 85p levels, I am very surprised they haven´t come back. You have to go against the flow. This one is going to zero. There is absolutely no fundamental why you would buy this stock unless some one could kindly tell me one!
stutes
03 Sep 2019
PM I data CityAM – 3 Sep 19 Construction industry output ‘drops like a brick’ to a decade low - CityAM Britain’s construction industry suffered its sharpest decline in new work in more than a decade last month, as economic uncertainty [...] Data does not bode well for the UK construction sector. Even the new about Ferguson splitting itself shows UK market is likely to be anti- construction for some time, otherwise why do it for the short to medium term? The General Election is another possible cause for contracts to stall. Messrs Davies, Fox , Raab cannot hide from the fallout.
stutes
02 Sep 2019
17 days to update Sept 19th should be a watershed day for K in that the all downside is hopefully known including for the asset sales, leaving only the upside.
Thunderjack
30 Aug 2019
Ripley: Is this just rumour-mongering? Which CEO, which contractors and which banks?
stutes
30 Aug 2019
Brexit fallout fear - banks then what? U.K. Banks Face 25% Earnings Hit From No-Deal Brexit, Citi Says [link] We should know the rea or likely cost of Brexit in terms of K by Dec 2019.
Ripley94
30 Aug 2019
CEO quotes bank pulling exposure to 4 other contractors KIE… Broker note sent to phone by some new people a “broker says buy†. Topped up again @115p
Thunderjack
30 Aug 2019
Luckily, most of Kier's work is local authority and regional groups. Kier is known as a regional construction company. HS2 isn't a big part of its work. Only has 2 small HS2 contracts out of something like 30 that have been signed on. Neither has broken ground. Kier has around 1,000 regional projects; that's where it's market is. When all the builders dropped the other day on Brexit news, Kier didn't move 1p. Solid resilient order book, with new contracts won practically every day. Results out on the 19th next. Expecting some writedown, but as long as debt is not going up, some asset sales and any kind of profit, with good turnover, this share should take off. Currently it's priced to fail. Anything less than a disaster in the results and the share price will probably hit the broker targets of today (£2). Might be volatile between then and now, but I'm buying on any significant drops. Also, one hedge-fund shorter appears to be closing its short (Squarepoint) reducing every few days and will soon be at zero. The other hedge funds not moving yet.
stutes
30 Aug 2019
Boris ramping up Brexit The actions of HMG only undermines the sovereignty of Parliament and the checks placed on HMG .Till there’s a resolution some money is being spent on Brexit rather than on capital projects or projects are delayed (HS2). It only hurts confidence, asset valuation.
Thunderjack
30 Aug 2019
Peel Hunt has a new rating out on Kier - Buy with a target price of 200p. Widely reported (am not posting a link) easily googled.
Thunderjack
29 Aug 2019
I agree frog; proroguing parliament seems wrong and most people think so. However, the political machinations do not seem to be affecting the Kier share price. Reasonable share volume and the share price is steady around £1.20 at the moment. Just three weeks until the results presentation.
