Kier Group - Re: KIE Stream Log - I'm wondering if we're about...

I'm wondering if we're about to see a bid for the whole of Kier. The residential business is for sale at around £150-160m; take that off the market cap and the rest of the business is currently valued at £20m. This makes Kier the biggest bargain on the stockmarket. Kier's entire group debt at around £170m is barely more than one year's earnings. Turnover without the residential business is over £4 billion. The company is the UK's largest regional construction firm and is currently is ranked number one in Construction Enquirer's league table for the amount of construction work won in the last 12 months. I would not be surprised to see Balfour or Mace bid for Kier while its share price is so low, even if it were only to get Kier to open its books and get a good look inside the business. A foreign buyer could snap Kier up easily and have instant massive momentum in the undervalued UK market.