Kier Group - Re: KIE Stream Log - Kier went up 30% because...

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19:06 03/08/2019

Kier went up 30% because the RNS revealed that debt was reducing, not spiralling out of control. Also, the news about the sale of the housebuilding division (Kier Living) will bring debt down to a very manageable level and it sounds as though the sale has been largely agreed. I'll be more confident when the deal is done. Also, revenue is good; £4.2bn previous yr, only slightly less this last yr at £4.1bn. Also new FD to replace Bev Dew who messed things up a little when he misreported debt earlier this year - lost the trust of investors.

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