Kier Group - Re: KIE Stream Log - Shorters haven't been 'flushed out'....

Shorters haven't been 'flushed out'. It's the most shorted stock on the market. But some of the hedgefunds shorting kier are reducing their short. Current share price suggest that the company is going bust like carillion and interserve, but that was just the market making an obvious conclusion months back. Instead, according to the last trading update, debt is reducing. If the company isn't bust, this is underpriced by a factor of 3 or 4 at least. You've presented no facts to support your claim that 'this is going to zero'. Kier keeps winning contracts and is reportedly paying suppliers early! They had a rights issue none months ago and cancelled the dividend. Rights issue was £250m and the dividend last yr was about £67m. All of that money has gone into cash and is being used to reduce supplier payment days (down from massively from 57 to 41 days) and reduce debt. Results are out on the 19th. That's why the shorters are reducing. Kier isn't going bust and will likely be rerated on the 19th. Broker note from Peel and Hunt have a short term target of £2. So it's not 'a shorters' dream'. It might be a shorter's nightmare though.