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Fairly big day for Kier shares today; up 5.5p almost 5% on increasing volume. Share price looks like it's broken out, finishing above 120p, ahead of results due on Thursday next week. Since the current p/e is around 1, if the results show that the business has made any profit and is not bust (all the signs are that debt is reducing and there will be some profits) I'm expecting this to take off in spectacular fashion. I was hoping to buy on a dip, but Kier got a lot of attention a few weeks ago with its trading update, so I might have to grab some at tomorrow's price. Hedge funds were shorting and one has exited completely, in anticipation of share price recovery. The others might be following.
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