Thunderjack
05 Aug 2019
Arguably yes, but expectations for the price of Kier Living have already been marked down -- it was nominally on the books for around £180m and Davies put it up for sale at much less, maybe £120m, though it's not clear how much of the land he's already sold. Kier Living contributes a small amount to the overall group profit, so if he gets anything more than £100m (a bargain price, I imagine) it'll still make a massive dent in the debt, reducing it to around 50-60m for the group debt. I'll be happy with that. That level of debt seems very low for a business with turnover of £4.2bn and profits of around £90m without Kier Living (current profit is around £100m a year -- I've seen somewhere that KL contributes about £7m of that).
stutes
05 Aug 2019
Kier update If City is turning bearish on housing companies, what does it mean for K in terms of achieving a fair price for K living? The power is with the buyer not the seller?
Thunderjack
03 Aug 2019
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.
Thunderjack
03 Aug 2019
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.
stutes
02 Aug 2019
Industry feeling the cold CityAM – 2 Aug 19 UK construction sector suffers ‘disastrous’ blow as downturn deepens - CityAM The UK’s construction industry activity sank for the fifth time in six months in July as economists all but ruled [...] Time for Team Brexit to press the green button in terms of construction or accept a long lag period till stimulus package kicks in. In such a scenario construction shares could fall ?
stutes
01 Aug 2019
Kier update How can the value of a company increase by 30% on the announcement of a forthcoming sale, which has been in the pipeline since May? Either the shares shouldn’t have fallen to below 60p or today’s announcement might be a short lived bounce?
stutes
01 Aug 2019
Kier update [link] Proof for me is how well it cuts the debt and how it funds working capital internally.
stutes
31 Jul 2019
Kiev's options If K cannot provide a viable turnaround then I think they should explore a sale, better 61p than something less. Come September update it should be turnaround or sale , no more time or promises of turning the business around.
stutes
31 Jul 2019
Share price How can K keep securing work when the City is reducing its valuation of the business?
stutes
31 Jul 2019
Share price Fallen below 60p - Bosrd needs to go or put the business up for sale
stutes
31 Jul 2019
Share price If share price below 60p then the Board should go. How can any Biard member that has seen a 94%+ drop in the share price over 12 months not be culpable and be sacked? It just makes you wonder if arrogance or blind mindsets played a part in K’s fall?
stutes
31 Jul 2019
Share price Share price shows to me K is losing its appeal - it needs positive news flow to counter Brexit, debt and warnings.
stutes
30 Jul 2019
Brexit fallout The new strategy of confrontational negotiations with Europe may result in a new deal but the weeks of rollercoaster brinkmanship is likely to hurt the construction sector. Will HMG spend money on construction when the budget could be blown on paying the fallout cost?
stutes
29 Jul 2019
K and its advisers I wonder if K is due to update the market on sale of K Living; reasoning recent price hike followed by drop while shorters hold 11.5% equity?
stutes
26 Jul 2019
House builders UK listed housebuilders are being targeted by shorters re economic fallout - K is trying to offload K Living - will K have to cut its asking price?
