Kier Group - Re: KIE Stream Log - They won't be selling it...

They won't be selling it cheap. More liekly they won't sell it at all. The sale doesn't make a lot of sense to me; profitable division. Why sell it for £160m? Why buy it for £160m when you can buy the whole company for somewhere around £300m (assuming the share price were to double on news of a bid). I don't think Kier even NEEDS to sell Kier Living. Remember, they're saving over £60m a year through the cancelled dividend. All they need to do is keep making money. Kier is essentially a management company. Their subcontractors do all of the physical work. The Kier staff just do the work-winning, planning and overall management. The entire Kier workforce amounts to an average of around 20 people on each project. All they need to to do is keep on, keeping on. Avoid buying any more companies. Avoid getting involved in any loss-making contracts. This company will make its way back to £2 shortly in my view, probably before year end. I'd like to see a trading update in a fortnight or so.