stutes
27 Sep 2019
Kier in IC sell Q1 in 2020 Jan to March.
Thunderjack
27 Sep 2019
They won't be selling it cheap. More liekly they won't sell it at all. The sale doesn't make a lot of sense to me; profitable division. Why sell it for £160m? Why buy it for £160m when you can buy the whole company for somewhere around £300m (assuming the share price were to double on news of a bid). I don't think Kier even NEEDS to sell Kier Living. Remember, they're saving over £60m a year through the cancelled dividend. All they need to do is keep making money. Kier is essentially a management company. Their subcontractors do all of the physical work. The Kier staff just do the work-winning, planning and overall management. The entire Kier workforce amounts to an average of around 20 people on each project. All they need to to do is keep on, keeping on. Avoid buying any more companies. Avoid getting involved in any loss-making contracts. This company will make its way back to £2 shortly in my view, probably before year end. I'd like to see a trading update in a fortnight or so.
stutes
27 Sep 2019
Kier in IC sell Buried in article is a bit on K living, seems sale is expected in Q1. Makes me wonder if K will be selling it on the cheap - 6 to 9 months sale period and one land sale?
Ripley94
27 Sep 2019
CEO quotes bank pulling exposure to 4 other contractors KIE… XXXXX The low was 74p 30th July. ( looking at chart ) Steady rise to 140p by 12th September. ( looks like i got the top there 145.3 on 13th ) Now 105p… 27th September. Wonder if its just Pis buying and selling and big boys just hold ?
Samf
25 Sep 2019
Living If you read the question I said service business been for sale since January. I know when living went on the market. So in all your reading how is the service business sale going
stutes
25 Sep 2019
When will K offload assets to cut debt and interest Bill's? When will K offload assets to reduce debt and interest bill? It is saving on not paying out a dividend but turnover remains high.
Thunderjack
25 Sep 2019
Actually the divisions have been for sale since June, not January. Listen to the analyst briefing on the sale progress. It will be done by the end of the year. The loss btw was mostly on paper, not so very real. All writedowns and future provisions. So your doubts are NOT well founded. I suggest you do a bit of reading.
Samf
25 Sep 2019
Kier living What’s happened to the high levels of interest Davies reported? Is it to be a management buy out? They’ve been trying to sell the services business since January? Enough to cover the very real loss they just reported - doubt it!
Thunderjack
24 Sep 2019
There is no 'restructuring' and no reason for the cabinet office to trouble itself with Kier. All Davies is doing is selling some Kier businesses. The company is solvent, debt is reducing anyway, it has plenty of financing and only draws on about half of its available credit. Nothing to see here. Just the UK's second biggest construction firm continuing to build schools, hospitals, commercial parks, roads etc all over the country. The share price will now recover steadily, maybe with a quick rise when the residential homes business gets sold.
stutes
24 Sep 2019
A thought? I remember how Cabinet Office played a role in Carllion’s final days - how will they call the shots in K’s K’s restructuring?
stutes
24 Sep 2019
Uncertainty set to hurt banks, etc JP MorganCazanove reckonUK banking sector is likely to have 12 months more of economic uncertainty to navigate,; if banks suffer what does it mean for property and construction sectors?
Thunderjack
19 Sep 2019
If you're genuinely interested in hearing them 'come clean' you can listen to the analyst presentation. It will take an hour of your valuable time though; so it might just be easier to fling a few dumb comments onto this board about nothing in particular. They've provisioned for practically every single thing you could think of, including the cancellation of HS2. Kier Living isn't being sold piecemeal; it's got a £163m asking price; they have approx five bidders for the business; it doesn't include £10m of 'mothballed' land which I think is land that has been written down from £50m. Anyway, dyor and then maybe express your thinking.
stutes
19 Sep 2019
Result raises questions I think K needs to come clean on the value destroying takeovers, timing of provisions and management changes, the piecemeal sale of Kier Living and Saffron Walden site sale
Ripley94
13 Sep 2019
CEO quotes bank pulling exposure to 4 other contractors KIE… XXXX Appears i bought twice @ 115p … sold almost both of the last two trenches buy setting a 145p ( kept a few back to round up remaining ) it went strait through @ 145.3p dropped back after maybe lucky there .
Thunderjack
11 Sep 2019
Big jump in the Kier share price today. Up 21p and over 17%. No news that I can see. Break-out well established. I reckon it's gonna be a steady climb now to Thursday next week and beyond. £2 by Friday week.
