stutes
02 Jul 2019
PM I down UK construction pmi score down on political uncertainty- HMG needs to boost its spend or accept recession is likely.
stutes
01 Jul 2019
Low margin work needs dumping [link] K needs to do the same as Bam
stutes
28 Jun 2019
Assets sold to pay off some its debt [link] The land in Saffron Walden has been on the books prior to 2000 - makes you wonder why the 20yrs + to generate a return on the asset?
stutes
26 Jun 2019
Cabinet Office Building Cabinet Office keeping tabs on Kier, minister confirms Oliver Dowden says it is 'confident' struggling firm will be able to carry on delivering public sector contracts We shall see if HMG opts to replace K from its tenders?
stutes
26 Jun 2019
Irish World The Irish World – 26 Jun 19 Irish can show the way in UK construction, says leading economist - The Irish... Irish construction workers traditionally have one of the highest comparative rates of human capital If you accept Brexit uncertainty is creating a slowdown in UK GDP and construction, the longer it goes on what is the effect on K,'a turnaround?
stutes
25 Jun 2019
Altmann Z score for K A score below 3 raises concerns about company’s survival. From a search K has a score of 1. How could Board not have addressed weaknesses sooner?
stutes
25 Jun 2019
Boris Johnson Mr Johnson in an radio interview has confirmed in the event of no new deal come 31st October UK will leave EU. It also means tariffs applying on all UK/EU trade when zero tariffs apply now. . Well more uncertainty for the UK , £ likely to fall , tariffs apply, inflation increases resulting in interest rates going up to support £, the scenario described could mean UK and construction industry goes into recession 3 yrs and counting of Team Brexit .under delivering and over promising
stutes
25 Jun 2019
8.82% of K's equity shorted 9.3% of K’s shares are now shorted. K needs to show prosoective Clients thst it has financial strength and work is being won regardless of City doubters. Should K miss its revenue targets then the recovery could be put back along with dividend resumption. It needs Clients to stay loyal to the brand.
Ripley94
24 Jun 2019
CEO quotes bank pulling exposure to 4 other contractors KIE… XXXXX Last weeks short squeeze did not last trend does seem to be down . Just below my last top today . Will we see 110 again . SP … posting new manager @ St James selling it off. WPCT … is moving up after newspapers over weekend pointed out . ( winny made fun of that )
stutes
24 Jun 2019
8.82% of K's equity shorted Shows some City hedge funds are betting against K’s recovery and strategy.
stutes
24 Jun 2019
A new Board? In my opinion the Board of K have to be held to account for: value destruction to the share price, high debt, high remuneration package for CEO/CFO, failure to switch away from debt funded working capital to internally funded capital well ahead of Brexit and new HMG payment targets, opting to increase turnover - while dealing with previous issues. I do wonder if the FCA/FRC over time, will open an investigation into K’s Rights issue? The Labour Party are, reported by Building, requesting answers about K’s woes from the Government. If you put it all into the melting pot, K could ultimately face an Inquiry by MPs and fines from Regulators? It may be wise to have a new Board to deal with such a scenario.
stutes
24 Jun 2019
K and threat of ban if it misses 95% target HMG payment target for major suppliers of 95% payments within 60 days and working to a 30 day target. Seems K is in the circa 80% level and could face a ban from securing new HMG contracts till the 95% target is hit. How Kier directors raked in 70pc pay rises - despite contractor’s slide into crisis (source: Telegraph). I suggest K recovers the 70% to reflect dividend suspension and fall in share price.
SaraRacano
21 Jun 2019
IC report on K, "bleak recovery prospects" I told you this the other day, sell your shares (you should have sold in the uplift) & then run to the hills. There is absolutely no value here!
stutes
21 Jun 2019
IC report on K, "bleak recovery prospects" K needs to deliver on asset sales but it is a buyer’s market implying K could face time delays and/or additional write downs. From the figures it seems to me the sale of Homes unit is very likely as it cuts the debt in several ways including working capital £50m, supply chain finance £35m, off balance sheet £110m.
stutes
20 Jun 2019
HMG fines for later payment [link] If HMG fines late payers, what about late payment by HMG to its suppliers? As for K will the proposal affect K’s working capital by way of delaying the resumption of the dividend or additional assets sold to boost cash?
