11.50% shorted Makes you wonder why an institutional investor has loaned shares, for which a fee is charged, to hedge funds and standby to see shares fall and fall?
IC rating on Bslfour Beatty Some of the reasons given by Investors Chronicle could easily apply to all plc construction firms
Construction Enquirer [link] Is it just concern over K or K maintaining margin?
11.36% shorted K should gain from Auditors giving it all clear.
Kier Living sale update I wonder if K is due shortly to announce the sale of Kier Living? In selling the business to pay down debt, the remaining businesses have Lowe profit margin - reducing the value of the Group. We may see K returning to house building ?
Labour anti outsourcing Seems City not bothered by Labour threat?
K should face Inquiry Mikeh, I think the Board made a number of mistakes which have led to the loss of confidence in Kier namely: financial strategy of working capital partly funded through suppliers finance, high dividend payouts. history of surprise provisions and subsequent restructuring of business units M&A leading to poor integration and/or to value destroying provisions - May Gurney or the purchase of Mc Nicholson for a sum well above press speculation suggesying business had negative value, what about the bio business , plant sale? The business grew through acquisition funded by new equity and debt but did the bigger revenue generate similar % profit? In my opinion the Board cannot fudge their responsibility for K’s problems and for not sacking the CEO/CFO - from my perspective it was reportedly Woodford funds that forced the CEO to go and, as for the CFO , a debt restatement? The Board only reacted to outside pressure for change - they were not proactive.
Better to walk away [link] Better to walk away and let others do the job. Margin first.
K should face Inquiry Kier faces a trust issue, which has mainly to do with trust in the UK construction branch in general. The low share price is created by the market and not the directors (although they - especially through their lack of communication - might have played a role too). But do not forget, markets can be wrong. One does not launch inquiries based on falling share prices, one can only launch inquiry based on mistakes which lead to erase of company value. And so far the directors did not make any significant mistakes. On the contrary, the capital increase and the slacking out of the company through KFP-program might have just saved the company from a similar end like Carillion.
K should face Inquiry The low share price should mean HMG start an Inquity in K. The role of directors needs to be explained. The former CEO and the existing CFO need to be put under spotlight
K shorted just over 10% CityAM – 15 Jul 19 Short sellers circle Kier Group as contractor's turmoil continues - CityAM Five hedge funds have raised their bets against Kier Group in the last month to make the troubled contractor the [...]
HMG and prompt payment [link] Look who has been suspended so far- -not K.
K shorted just over 10% They can push the price down certainly but the market makers are not stupid they know how to play these shorters, they know at some point they have to buy the shares back causing wild upswings. Also you create wild upswings the shorters face massive losses.
K shorted just over 10% seems crazy to me people invest for( esperts) to make money grow not lend out at tiny interest so borrower can push the price down. if shares are over priced they should be sold not lent out.
A question K needs to answer in September Hope n dreams