Keller Group - Live Discussion

evenlongershot 01 Mar 2016

Results Good results, strong order book going forward, analysts target prices mostly in the +£12 range and yet Keller share price stays subdued. And the stock is only sporadically discussed on this board. The company is in a stronger position that it was when it's share price was at £12 previously and yet the share price is down at £8.30ish. What am I missing???!

oldjoe1 30 Nov 2015

KLR, Fundies Look Strong For Keller...... KLR Keller Group PLCFundies showing......1.Forward P/E of just 8.5 to 2016, which is far lower than the sector average.2.Forward EPS estimate for 2016 of 11.56% which i think is very conservative given that the US is recovering and I expect at least a figure of 15% or more. 3.PEG of 0.74 to 2016 which shows the company as still healthy growth. Keller Group PLCFORECASTS2015 2016Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Peel Hunt LLP 26-11-15 BUY 96.04 91.07 26.50 107.04 99.61 28.50Investec Securities 17-11-15 BUY 95.70 83.65 26.47 104.00 91.13 27.78Numis Securities Ltd 04-08-15 ADD 95.00 85.60 27.70 106.10 95.50 29.90Westhouse Securities 09-10-14 BUY 2015 2016Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 95.87 85.60 26.48 106.10 95.50 28.151 Month Change 0.17 1.12 -1.10 -2.30 0.22 -1.753 Month Change 0.48 1.09 -1.10 -2.30 0.22 -1.75GROWTH2014 (A) 2015 (E) 2016 (E)Norm. EPS 34.08% 9.01% 11.56%DPS 5.17% 8.54% 6.28%INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)EBITDA £148.90m £156.17m £171.96mEBIT £92.40m £98.30m £108.30mDividend Yield 2.99% 3.24% 3.44%Dividend Cover 3.22x 3.23x 3.39xPER 10.40x 9.54x 8.56xPEG 0.30f 1.06f 0.74fNet Asset Value PS 223.28p p p

oldjoe1 30 Nov 2015

KLR, Keller Looks BULLISH......... KLR Keller Group PLCSP looks to have bottomed out, recentish trading update suggest US business is now doing well, and company in line to meet company and market expectations. Brokers (below)VERY bullish. [link] Group share price informationName Keller Group Epic KLRSector Construction & Materials ISIN GB0004866223Activites Keller Group plc is an international ground engineering specialist. It is renowned for providing innovative and cost effective solutions. Keller has unrivalled coverage in Europe, North America and Australia, where its services are used in infrastructure, commercial, industrial and residential projects. Index FTSE 250Latest share price (p) 828.75 Net gearing (%) 59.10Market cap (£m) 586.40 Gross gearing (%) 67.20Shares in issue (m) 71.77 Debt ratio 45.56P/E ratio -194.52 Debt to equity ratio 0.41Divs per share (p) 25.20 Assets / equity ratio 3.05Dividend yield (%) 3.13 Price to book value 1.69Dividend cover 2.01 ROCE 4.43Earning per share (p) -4.20 EPS growth (%) -109.7252-week high / low (p) 1,105.00 / 786.00 DPS growth (%) 5.00Keller Group broker viewsDate Broker Recommendation Price Old target price New target price Notes16 Nov Investec Buy 828.75 1,420.00 1,420.00 Reiterates16 Nov Peel Hunt Buy 828.75 1,340.00 1,340.00 Reiterates04 Aug Numis Add 828.75 1,220.00 1,220.00 Reiterates

nk1999 17 Nov 2015

Telegraph- Questor "The Questor Column:Buy Keller as sell-off overdone: It was steady as she goes at construction group Keller which said that there has been no real change to trading in the past three months and that it was still on target to hit full-year expectations. Keller generates the majority of its revenues from installing foundations and drilling pilings for buildings such as the Olympic Stadium, flood defences in the U.K. and major onshore oil and gas projects. The company’s largest market is in the U.S. and Canada, and steady growth in this region underpins the overall performance. North America is responsible for more than half of group revenues and three-quarters of profit. Market consensus is for the strong U.S. trading to lift full-year revenue to £1.7 billion, giving pretax profits of £96.6 million, and 88p in earnings per share. Keller management are still confident they can hit those targets with six weeks left in the year. Shares in the FTSE 250 company have fallen sharply from highs of £11 reached in early June, despite little change to the trading performance. Keller’s shares are trading on 9 times forecast adjusted earnings, falling to 8 times next year. Keller at 810p +19.5p. Questor says “Buy”."

mcescher 28 Jul 2015

Found this good report on KLR Keller Group is looking undervalued on this report [link]

oldjoe1 10 Apr 2015

Keller Broker Views....... Carillion plc Given Average Recommendation of “Buy” by Analysts (LON:CLLN)Posted by Noah on Apr 6th, 2015 Updated Apr 9th, 2015Shares of Carillion plc (LON:CLLN) have received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the company, American Banking News reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 378.27 ($5.64).Carillion plc (LON:CLLN) traded up 1.03% during mid-day trading on Tuesday, hitting GBX 325.00. 1,743,601 shares of the company’s stock traded hands. Carillion plc has a 52-week low of GBX 294.02 and a 52-week high of GBX 386.60. The stock has a 50-day moving average of GBX 348. and a 200-day moving average of GBX 335.. The company’s market cap is £1.40 billion.Several analysts have recently commented on the stock. Analysts at HSBC reiterated a “reduce” rating and set a GBX 260 ($3.88) price target on shares of Carillion plc in a research note on Wednesday, April 1st. Analysts at RBC Capital lowered their price target on shares of Carillion plc from GBX 385 ($5.74) to GBX 375 ($5.59) and set an “outperform” rating on the stock in a research note on Friday, March 20th. Analysts at Liberum Capital reiterated a “buy” rating and set a GBX 440 ($6.56) price target on shares of Carillion plc in a research note on Thursday, March 19th. Finally, analysts at Berenberg Bank reiterated a “hold” rating and set a GBX 380 ($5.67) price target on shares of Carillion plc in a research note on Friday, March 13th.Carillion plc is an integrated support services company. The Company has a portfolio of Public Private Partnership projects and delivers solutions. The Company operates in four business segments: Support services, Public Private Partnership projects, Middle East construction services and Construction services.

oldjoe1 09 Apr 2015

Re: KLR Broker Update......... KLR KellerBroker Views..........some healthy targets. Date Broker Rec. Price Old target price New target price Notes17 Mar 15 Berenberg Buy 995.00 1,200.00 1,200.00 Reiterates04 Mar 15 Numis Add 995.00 - 1,220.00 1,200.0002 Mar 15 Investec Buy 995.00 1,420.00 1,420.00 Reiterates23 Jan 15 Liberum Capital Buy 995.00 - 1,200.00 Reiterates

oldjoe1 09 Apr 2015

KLR TA Looking positive, Fundies strong KLR KellerComing off a double bottom and MACD just turned positive. Fundy wise looks cheap on a forward P/E of just 9.6 which is historicaly conservative. [link] Group PLCFORECASTS2015 2016Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Peel Hunt LLP 02-04-15 BUY 100.02 94.98 29.00 115.48 108.92 34.00Investec Securities 06-03-15 BUY 94.00 82.10 26.49 105.00 92.05 27.81Numis Securities Ltd 04-03-15 ADD 100.80 90.80 27.70 112.60 101.40 29.90Westhouse Securities 09-10-14 BUY 2015 2016Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 100.40 90.80 27.70 114.09 101.40 29.901 Month Change -0.01 0.00 0.00 1.49 0.00 0.003 Month Change 0.72 -3.68 -0.12 6.30 0.13 1.06GROWTH2014 (A) 2015 (E) 2016 (E)Norm. EPS 34.08% 15.63% 11.67%DPS 5.17% 13.52% 7.94%INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)EBITDA £148.90m £155.88m £171.85mEBIT £92.40m £104.10m £114.90mDividend Yield 2.50% 2.84% 3.06%Dividend Cover 3.22x 3.28x 3.39xPER 12.44x 10.76x 9.64xPEG 0.36f 0.69f 0.82fNet Asset Value PS 223.28p p p

Broncomaniac 02 Mar 2015

Re: KLR Results Monday......... I've had a quick spin through the results, here are my comments.EPS of 75.3p, which is slightly below Peel Hunt forecast of 77.2p. However net debt has reduced to 102.1m, significantly better than the broker forecast £121m. Which may explain the positive reaction. Cash movement for the year was a £33.9m increase. Digging a little deeper, operating profits before exceptionals were £85m. The main exceptional item is a £54m hit for the settlement of the UK dispute announced last summer. Markets may be relieved that this has been settled, although the final costs will not be known for another 2 years, as Keller have to carry out remedial works.Profit after tax including exceptionals, was actually a small loss. This suggests to me that the £54m was not tax effective, which I find surprising. Even if it is not deductible from the current tax, I would expect they could recognise a deferred tax asset.Two final thoughts on the settlement, firstly they mention that some of the cost may be mitigated by insurance, but they did not reveal how much this may cover. I hope they get asked about this by analysts. Secondly, the £54m is going to be a drag on cashflow over the next couple of years.Moving forward, the outlook appears pretty positive. The Order book is up 7% vs Jan 2014. It seems the outlook for 2015 is growth in all regions except Australia, due to completion of the Wheatstone project. US should continue to be the outstanding performer, especially if exchange rates stay at the current level.

Broncomaniac 02 Mar 2015

Re: KLR Results Monday......... Seems to be a positive reaction, up 3%

oldjoe1 01 Mar 2015

KLR Results Monday......... From iiiMonday....Ground engineering group Keller (KLR) will release its final numbers at the start of the week. Peel Hunt analysts say US trade, currently the key driver for the engineer, will be benefiting from improving markets as well as the exchange rate movement. Activity in Asia and Africa is also thought to be improving."The shares are trading on 10.6x price/earnings (P/E) for 2015E and c5.4x EV/EBITDA, small premiums to the long-run average; this is more than justified given the point of the cycle the business is in," says Clyde Lewis at Peel Hunt.The broker expects earnings per share (EPS) to come in at 77.2p and a 16% reduction in net debt to £121 million. It has a 'buy' reccomendation on the stock and a 1,330p target price.

oldjoe1 12 Feb 2015

Re: KLR Broker Update......... I take it to be, but cant be certain.

oldjoe1 12 Feb 2015

KELLER Chart Breakout....... KLR Keller breakout on the chart, momentum on the up, forward P/E of 9.5 PEG 0.42 far too cheap in my opinion. [link]

dazedandconfused 12 Feb 2015

Re: KLR Broker Update......... Is this update their view AFTER the statement yesterday about inevitable further multi-million liabilities on a UK warehouse project from 2008, now settled but added provisions to appear in next month's accounts??

oldjoe1 12 Feb 2015

KLR Broker Update......... 12 Feb 2015 Keller Group PLC KLR Numis Buy 917.50 906.50 1,070.00 1,070.00 ReiteratesSP TARGET 1070p

Keller Group Live Discussion

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