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Good news about the contract loss as from what I hear it was not adding to profits anyway!
Lost massive contact with western power be careful plz
It's pure speculation but the way the SP has inched up over the last week the Market Makers for the SP must be expecting positive news. Has the company finally turned the corner - I believe it has ????
Couple of reasonable buys but no real big volumes being traded. Small profits being taken. Roll on end of month numbers.
Nice to see the price creeping up again, albeit slowly. Cant say that confidence has been returned as it appears to be fairly small trades no real Institutional investment. Perhaps staff trades as they are aware of the forecasted output on trading / results / outlook is rosier? Hope so.
I'm not sure this is entirely correct! Since the sale of KL the negative balance on the books is working capital which is totally acceptable given the rising order book and the adjustment to in-house implementations carried out to make the business more profitable. I'm of the opinion the forthcoming statement should indicate the new ( profitable ? ) order of working.
I totally share your concerns here, but as the March article highlights, the progress made throughout the Group is very positive and if there really was a turning point in the fortunes and prospects for Kier confirmation of this should be on the 20th. Let's hope so!
Holding here, March news was positive but trading update and hopefully leading on to dividend reinstatement though I always become anxious when you see the SP drift slightly as it has, as there are always those with a little inside knowledge. GLA and DYOR
https://www.building.co.uk/news/kier-doubles-profit-as-analysts-eye-return-of-dividend/5122139.article
With no obvious reason, the SP is on the slide. There is so much nervousness among the Market Makers ahead of the Results and Trading Statement. This is why IMO should Kier post some decent numbers with a decent Trading report the SP could and should fly.
There's such low trading on this share; the yo-yo between 69 and 77p seemed to settle over the past 10 days and was slowly climbing, but we look like further shallow falls occurring. There's no big institutional investment here which there needs to be to bring confidence back in this share. Waiting for month end trading update which should bring good news re: debt. If not, we are going to remain and languish at these levels for the foreseeable. C'mon Kier let's see some action here...
In addition, public construction (HS2, hospitals, schools, social housing etc) likely to benefit equally from both Tory and Labour funding promises. The battle for votes will all be about spending more than we can sensibly afford.
There are worrying recessionary signs in the general economy which of course makes current investing even harder than usual. So if I had a blank sheet now I don't think I could find a better sector to invest in than Construction and within this sector, Kier really does stand out as very overlooked and just simply compelling! The next set of results and trading statement should/could be the launch pad.
The person posting that Kier's net debt is high is posting misinformation. Kier has net cash! It's the average monthly borrowings used for working capital that Kier also reports was £245m. This is more than balanced by incoming cash. Kier had £5m net cash at last yr end.
If you’re using the debt wisely to enhance profitability and can afford to pay it back it’s not a crazy amount at all.
Needs dividend announcement next month; SP would rise on it, if none, INO SP will drop again but DYOR - take care 🤞
Bigger volume today and a price breakout. It's looking like a 12-month high. A flurry of contract wins announced recently. Kier is still the biggest UK regional construction firm and has a fwd p/e of 3 (ridiculously low for a business with some net cash). End of yr is at the end of next month. A few weeks after we will get an update on how the yr turned out. Most of the construction majors have posted good news and Kier will likely be the same. Price should be at least double what it is today imv.
Some big buys today! Confidence now returning?
Yippee - at last some more convesration! Albeit negative!! There's much trading on this share but in the majority looks to be private investors; the institutional investors are sitting back waiting for news of the dividend return I suspect........ debt is also not good to be hanging around so that needs crossing off also.... hoping for happier times :)
Return of a dividend would be a massive boost to investor confidence.... can't wait :)
I dont mind adding this to the board as one of my family works for Kier and they were on big conference calls with senior directors last week
They are "close" to reintroducing dividends. I have deliberately withheld that until a closed weekend so as not to incite messages of ramping
The fact the SP has moved somewhat sharply would possibly indicate others are well aware of the fact as well
I'd be surprised if this wasnt back to £1 this year
Has this share now started to secure some grounding and levelling off; hopefully followed by a steady rise over the coming months? What do we reckon about £1 by end of year?
Wish I could go part time for that salary :)
snoop, the appt of the non-exec and the retrace of the shares are not related. Margaret Hassell replaces Heather Rabbatts. One out, and one in. Rabbatts' leaving was announced a few days before. Their main role was/is being the 'chair' of the remuneration committee amongst other non-exec duties. The non-execs pay is £67k in 2022. It's a part-time role.
Great so there's a RNS about appointment of Non-Executive Director and the shares plummet from 71p to 67p :(
Great appointment by the looks of it......... another massive salary as if she isnt clawing it in from other Companies also :(
Even at the 70p level, this level 2 years ago when the order book and profits were not as assured as today, this level would've been considered a mini-disaster. The SP now and going forward has much further to go up IMO.