Keller Group (KLR) Director name: Mr Paul Withers Amount purchased: 10,000 @ 647.90p Value: £64,790
18 Dec '12
Ground engineering specialist Keller said overall market and trading conditions have remained stable since mid November and it remains on track to meet full year guidance. In its interim statement in November the group said 2012 full-year revenue was expected to be around £1.3bn, with full-year profit before tax significantly above the then range of market expectations. Most of its growth has been fuelled by progress in its North American business, as the US construction market slowly picks up. Since November the overall market and trading conditions have remained largely unchanged, the group said. "Accordingly, the board continues to expect that the full year results will be in line with the guidance given in November," it said.
16 Dec '12
Keller: Panmure Gordon ups target price from 350p to 570p and maintains a hold rating.
4 Dec '12
Keller Group: Goldman Sachs upgrades from neutral to buy.
16 Nov '12
"For the Group as a whole, the full-year revenue is expected to be around GBP1.3bn, in line with market expectations. However, the Board now expects the 2012 full-year profit before tax to be significantly above the current range of market expectations" Digital Look had a prediction for the year ending December. With a slightly higher Revenue figure and with current shape price these figures below can be slightly improved on. Revenue 1.260.90Bn, Pre-tax Profit 36.15p, EPS 39.63, P/E 14.3 and PEG at the time of 0.2 With the EPS growth rate at 60%. As always DYOR but IMHO this would be a good buy.
15 Nov '12
Keller Group, an international ground engineering specialist, delivered a strong performance in the four months to the end of October, with results coming in ahead of its own expectations and ahead of the same period last year. The group's 2012 full-year revenue is now expected to be around £1.3bn, in line with market expectations, with full-year profit before tax to be significantly above the current range of market expectations. The group said the majority of the growth was driven by progress in its North American business, where it has taken advantage of a gradual improvement in the construction market. A good performance was also seen in Asia, while in Europe, the Middle East and Africa the company is expecting a much improved second half after actions taken in the first. Australia is trading ahead of the previous year. At the end of October the order book was around 10% above last year. In a statement the company said: "Looking further ahead, at a macroeconomic level the outlook remains extremely uncertain. Europe continues to face a number of economic and political challenges, whilst the rate of growth in much of Asia appears to be slowing. In the US, where the construction market and economy as a whole are in the early stages of recovery, this recovery is threatened by the "fiscal cliff".
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