Thunderjack
14 Jan 2020
Announced today: Kier has won the massive £150m Crawley Town Centre Regeneration Scheme. Work on the Crawley regeneration scheme is already underway with 91 apartments, set over nine storeys currently being completed on the site of a former two-storey car park next to the current Town Hall. The project, which will be completed in December 2021 involves the demolition of the existing Town Hall and the construction of a nine-storey building that will house the 41,000 sq. ft. Town Hall as well as 77,000 sq. ft. of commercial office space. Once the new building is open, the remainder of the current Town Hall will be demolished to make way for the final phase of redevelopment, a 10-storey block featuring 182 apartments with ground floor commercial space opening on to a new public square. [link]
Thunderjack
14 Jan 2020
[link] From The Construction Index: These are the top three pure-play construction contractors in the Builders’ Conference league table for 2019. It has Lendlease at the head of its table due largely to a £4bn long-term redevelopment around Euston station in London for HS2. Its role there is co-developer, however, rather than main contractor.
Thunderjack
14 Jan 2020
Info below comes from this article in the construction index: [link]
Thunderjack
14 Jan 2020
It turns out that Kier is winning a massive amount of work compared to its rivals. Kier signed a new construction contract on every single working day of 2019, on average, according to market data gathered by the Builders Conference. During 2019 Kier signed up as contractor on 256 different construction projects; during 253 working days in 2019. The total value of the work won by Kier in 2019 was just over £3bn or £3,012.5m to be precise, according to the Builders Conference. By contrast, Balfour Beatty won less than £2bn of new construction business in 2019; it signed 55 contracts with a total value of £1,976.4m, according to the Builders Conference categorisation system, although it won a further £500m-worth of work in a £1bn joint venture with Vinci for HS2. Morgan Sindall signed 182 contracts with a total value of £1,961.8m.
stutes
09 Jan 2020
Construction Enquirer [link]
stutes
09 Jan 2020
SIG update SIG trading update seems to be hurting construction sector
stutes
09 Jan 2020
Update 24th I do wonder how K was able to borrow such sums and now we see the higher margin assets put up for sale to help pay down debt. It just looks as if the hard work in building up the value of the business has been undermined by a strategy of debt?
stutes
08 Jan 2020
Budget 11th March The promise of more spending on infrastructure, NHS and homes could be adversely affected by a shortage of key tradesmen. If this pans out builders will be facing labour inflation feeding into other parts of the business. How will K protect its downside and should they shrink the business to match the size of the labour pool?
stutes
07 Jan 2020
Construction Enquirer CE has another report of a construction firm going into administration/liquidation. It adds to my view banks are reducing their exposure to construction sector.
stutes
06 Jan 2020
Share price up on an bad Trump day How is it K is up on a bad day?
stutes
02 Jan 2020
Waste project [link] After Interserve and Clugston should K keep well away from such jobs?
stutes
02 Jan 2020
Margin [link] Robertson’s margin is better than K’s; K needs to concentrate on margin growth rather than turnover growth.
stutes
30 Dec 2019
K updating market on asset sales If the media report is correct K is updating the market on asset sales in early January,; I just wonder in selling the silverware how will the City treat K post asset sales? Will they apply a discount the low margin construction firm?
stutes
21 Dec 2019
Kier reinstatement [link] Good to see K back on HMG tender list. Why did K get it such a mess - it raised cash from rights issues to fund working capital ?
stutes
16 Dec 2019
New Chairman [link] I had hoped for a person who was more construction skilled- based, K seems to me to be too weighted on finance.
