Kier Group - Re: KIE Stream Log - Yes, share price has doubled...

Yes, share price has doubled recently. Shorts still seem to be the same. Not sure what bad news they could be expecting; recent RNS confirms debt is coming down. Construction Enquirer shows Kier as the top firm for winning contracts: [link] I'm seeing an interesting debate on ADVFN, pointing out that the rights issue and cancelled dividend has put over £300m into Kier's bank account. That's presumably why debt is falling. So far, all the metrics that I can find look good. Let's see what the actual profit is when they publish the end of year report in September. But since this doesn't seem to be another Carillion, it looks like the share price fall has been way overdone. I bought at 110p. Some big hedge funds involved so expecting price moves, but the recent broker note says £1.50 is a realistic target if it's not broke. There are loads of Kier jobs advertised too. Doesn't look like a bankrupt business!