frog_in_a_tree
29 Aug 2019
Boris ramping up Brexit For me Boris has played a blinder today and totally refocused the EU, I think the general public will appreciate the stance he is taking… [link] text_ It doesn’t look like Johnson’s prorogueing of parliament has majority public support. Cheers, Frog in a tree
GreyCarpet
28 Aug 2019
Boris ramping up Brexit For me Boris has played a blinder today and totally refocused the EU, I think the general public will appreciate the stance he is taking…let’s get on with it.
Thunderjack
28 Aug 2019
Post-brexit, gov has promised massive infrastructure spending. Sajid David's speech has been deferred, probably so he can position his big spending on construction at a meaningful moment pre-election.
stutes
28 Aug 2019
Boris ramping up Brexit Johnson’s Government is at a critical stage, however, until Brexit plays out, how will the malaise affect construction sector (remembering what PM said about business)?
Thunderjack
27 Aug 2019
The investment case here is that Kier is massively undervalued. The share price doesn't reflect any kind of value. Even as a construction business with low margin business, this company is worth more than £200m (ie the current market cap). Underlying profit is over £100m annually. New management team committed to slimming down the business and using less debt. Even current debt is easily paid by Kier (very low interest rates). Sentiment has driven this to an unrealistic low point. The share price is likely to get boosted by shorters closing (ie creating buys as they cover their short), the sale of assets, any news which shows debt reduction, any news which shows the business isn't going bust. I reckon £3 is easily achievable, which would probably be a p/e of about 5, if current write downs are taken into account. Avoid if you're a nervous type though. Results are out in three weeks. Maybe take a look then.
stutes
27 Aug 2019
Margin [link] Shows that the chase for turnover needs to end; contractors need to focus on margin.
stutes
22 Aug 2019
A tender to avoid? [link] Possibly a tender to avoid?
stutes
21 Aug 2019
Lesson from Costain on margin [link]
Thunderjack
20 Aug 2019
Yes, share price has doubled recently. Shorts still seem to be the same. Not sure what bad news they could be expecting; recent RNS confirms debt is coming down. Construction Enquirer shows Kier as the top firm for winning contracts: [link] I'm seeing an interesting debate on ADVFN, pointing out that the rights issue and cancelled dividend has put over £300m into Kier's bank account. That's presumably why debt is falling. So far, all the metrics that I can find look good. Let's see what the actual profit is when they publish the end of year report in September. But since this doesn't seem to be another Carillion, it looks like the share price fall has been way overdone. I bought at 110p. Some big hedge funds involved so expecting price moves, but the recent broker note says £1.50 is a realistic target if it's not broke. There are loads of Kier jobs advertised too. Doesn't look like a bankrupt business!
stutes
20 Aug 2019
11.89% shorted Share price is up from its low of 58.40p yet 11.89% of K’s shares are being shorted. It would seem shorters are waiting for the September update, expecting more bad news from the company?
Thunderjack
15 Aug 2019
There'll be a contingency cost for 'dusruption' in the project's risk planning, so ultimately, the client pays. Kier has about 900 other projects too. No anti-prison campaigners on most of them.
stutes
15 Aug 2019
Prison job campaigners northantstelegraph.co.uk Campaigners stop construction work at Wellingborough prison and have second... Work was halted at the new £235m Wellingborough prison after anti-expansion campaigners gained access to the building site. Who is paying for any delays, security cost or dusruption?
Ripley94
14 Aug 2019
CEO quotes bank pulling exposure to 4 other contractors KIE… XXXX long chat to ( G ) ( AT ) after today’s buy. Noticed 10% drop so put cheeky 115p buy back limit on which lifted within mints. Should of read note 17th June as its 113p now 1pm . Went 110p that day
Thunderjack
13 Aug 2019
Kier went up 15% today btw. Closed at £1.34. Been climbing for 4 days now.
Thunderjack
13 Aug 2019
I'm reposting this because of the spammer below filling this screen (jeromedo). Regarding Kier, shorts are closing and people are buying in. Volume is high today and yesterday. Share price represents about 1.5 year's earnings; way too low. Broker notes put 150p as near-term target. I'm invested and aiming for £4 before year-end. Debt is reducing, even without selling Kier Living, according to the numbers in the recent RNS. All seems good as far as I can see. Hedge-fund inspired hysteria through shorting, people comparing it to Carillion. Now returning to normal. Not like Carillion after all. Debt is under control, good contracts, seems to win new ones every other day.
