stutes
12 Nov 2019
VolerWessel Shows turnover is not always best; VW turnover circa €5bn to €6bn and is valued circa 5 times more than K.
Thunderjack
12 Nov 2019
If the share price is any indication, it looks as though some kind of disaster has overtaken Kier. Almost 20% down in 3 days. AGM is on Friday; we will hear then whether it's just rumour or facts that are hitting the share price. However, a public company with Kier's recent record on share collapse should really be responding a bit more promptly with an RNS today or in the morning, especially if Davies wants to avoid walking into a room of very hostile institutional shareholders and then expecting them to vote through the board's pay deal.
stutes
12 Nov 2019
VolerWessel [link] If K’s medium to long term goals are better served away from plc status then perhaps it should go private at a fair price?
stutes
12 Nov 2019
Jefferies [link]
stutes
11 Nov 2019
City's Agenda for K We see press reports about lenders prepared to sell debt at 70p in £, private equity possibly taking K private, Tempsford Hall up for sale - if they want out why not opt for a merger with another Tier 1 contractor rather than the reported private option?
stutes
11 Nov 2019
Next Week AGM CityAM – 10 Nov 19 Kier housebuilding arm 'targeted by US private equity firm' - CityAM American private equity firm Lone Star is said to be one of the bidders in the race to buy parts [...] Makes hard reading. Surely previous CEO and Chairmen now need to face some kind of investigations from FCA, MPs, FRC, etc?
Thunderjack
11 Nov 2019
Kier's net group debt is only around £170m and monthly average debt is about half of what is available to Kier. There will NOT be a debt for equity swap because the business is not short of cash and has good revenue. Kier's recent forecast is for flat revenue in 2020, approx the same as last year. The story which is being hyped by a telegraph journalist relates to HSBC, which has reported bad results in Europe and might be trying to manage its loan book down. Kier does not have 'aggressive' lenders. The company is a reliable loan customer and meets all debt obligations. Trying to spin rumours into some sort of adverse comment on Kier seems to be your hobby. Stick to facts.
stutes
10 Nov 2019
Next Week AGM Sunday Times reports about sale of K Living, indicative bids received last week; some lenders offloading K’s debt at 70p in £. There is a suggestion K could face aggressive lenders who could take a control by swapping debt for equity. We shall see what happens.
stutes
08 Nov 2019
Next Week AGM I’m hoping K will make an announcement at AGM as whether or not they intend to recoup past bonus from previous management.
stutes
07 Nov 2019
New appointment [link] Mr Young left business June 2019, Building 21/11/2018, yet K only replaces Mr Young now - why the wait?
stutes
06 Nov 2019
K set benchmark by MorganSindall [link] K needs to show same level of return as MS at operational level or provide good reasons. If not then I think K’s days as an independent business are numbered and the City will call for a merger/takeover.
Thunderjack
05 Nov 2019
I'm wondering if we're about to see a bid for the whole of Kier. The residential business is for sale at around £150-160m; take that off the market cap and the rest of the business is currently valued at £20m. This makes Kier the biggest bargain on the stockmarket. Kier's entire group debt at around £170m is barely more than one year's earnings. Turnover without the residential business is over £4 billion. The company is the UK's largest regional construction firm and is currently is ranked number one in Construction Enquirer's league table for the amount of construction work won in the last 12 months. I would not be surprised to see Balfour or Mace bid for Kier while its share price is so low, even if it were only to get Kier to open its books and get a good look inside the business. A foreign buyer could snap Kier up easily and have instant massive momentum in the undervalued UK market.
stutes
05 Nov 2019
Kier off list [link] Wonder if K is facing problems with some banks reducing loan facilities at the same time some clients may be paying late?
Thunderjack
01 Nov 2019
Kier has been awarded a contract for multiple lots in a £30bn Government framework: [link] The only lots which Kier was not awarded are residential and demolition. This huge seven-year contract win will produce many millions in revenue for Kier over the next seven years and produce great quality buildings for central and regional authorities. And as far as day-to-day contract wins go, Kier has also won a contract as the main contractor for Braintree Council's £30m Manor Street town-centre regeneration scheme. I hope that will help anyone here who keeps wondering how Kier manages to make money and why Kier has been the number one work winning contractor throughout the last 12 months up to September. And banks won't be getting tough with Kier since it's the second largest business in its sector, pays its debt obligations on time and rewards investors with 4% on its corporate bonds; a moderate rate of interest from a dependable business. My message here contains FACTS, not mere wonderings. That's why I'm invested in Kier.
stutes
30 Oct 2019
Simons Grp I can’t but think the Banks are getting tough with construction firms, newspaper publishers and property developers. - low margin and tight markets?
