Kier Share Price (KIE)

Hi, I work for Kier & noticed the drop in SP in April after a steady clime. The one thing that may have contributed to this was the share save scheme that always releases it's shares in April after 3 years paying in. anybody receiving shares this April would have bought for 56p & I expect not everyone has trading facilities to sell them selves, so it's done automatically & paid into Salary's.

Hence the sell off is complete & up we go again.

I kept my shares hoping for a bit high selling point :-)

IMO The only negative for the SP is a general market downturn, God forbid, so assuming no such calamity takes place the SP should easily hit £2 just to be in parity with other companies in the sector. Labour will surely keep the status quo reinforcing the prospects of Kier. Deep blue skies ahead!

UK construction grows at fastest pace in over a year

S&P Global's UK construction PMI, which measures the industry's output every month, came in at 53 in April, improving from 50.2 the month prior and remaining above the 50 mark which separates indicates whether the sector is in decline or is expanding.

While the research found the sector was at its highest output in 14 months, the survey also indicated the housebuilding slowed at its worst rate since January.

Tim Moore, economics director at S&P Global, said: "Commercial construction outperformed in April and civil engineering also provided a solid contribution to overall growth.

"Lacklustre market conditions in the house building segment continued to weigh on activity."

Great start to this week.

Can’t see any particular reason for the rise today, if anyone is able to share any insights that would be appreciated.

Pretty decent week.