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Leon coetzer and Colin Bird are shocking leaders. Waiting for the next share give a way.
LSE Removal - Barraband are you trying to access chat by entering FRR on the LSE Home Page?
back slow 3p. keep up the honest work leon
Share price not reacting at all. Leon and Colin are well aware why this is the case.
[link] Are Kier and Thomas Cook share prices on the road to recovery? Investors have long speculated that the pair were on the road to ruin, however, Kier’s plan to offload its housing unit to strengthen its balance sheet and Thomas Cook’s talks with China-based Fosun could change their fortunes.
A placing is certain. That's what is holding the share price back. It's that obvious
Great RNS but the market does not seem to impressed.
Arguably yes, but expectations for the price of Kier Living have already been marked down -- it was nominally on the books for around £180m and Davies put it up for sale at much less, maybe £120m, though it's not clear how much of the land he's already sold. Kier Living contributes a small amount to the overall group profit, so if he gets anything more than £100m (a bargain price, I imagine) it'll still make a massive dent in the debt, reducing it to around 50-60m for the group debt. I'll be happy with that. That level of debt seems very low for a business with turnover of £4.2bn and profits of around £90m without Kier Living (current profit is around £100m a year -- I've seen somewhere that KL contributes about £7m of that).
Q2 - 2019 results out soon? Platcro pgms? Leon Wake up.