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"on confirmation of upward trend"
Any technical analysts care to comment (it's not AIM stock after all)?
Nice close @80.10p
Up 4.4 % on the day.
I suppose lots of old KIE investors are waiting to buy back in on confirmation of upward trend.
Their god awful low margin contracts were a terrible decision, and many believe that they haven't yet released all of the bad news. It hasn't been long enough to start talking about the 'previous board'. This is still the same company facing ever tighter cash restrictions, and any potential buyer for their assets knows this.
why are people reading so much into their joint venture works, it represents approx 6% of total revenue.
Their main bread & butter is being a good regional local contractor with presence all over the UK. Whilst they have had their fair share of howlers the construction side is doing ok & once rid of the peripheral nasty add ons will pull Kier back to where it should be. I think its a shame they're having to loose housing to pay for the stupid mistakes the previous board made.
Not quite sure at the moment RM, I am like others watching this to see if it will break out of the 90p range first.
I notice how quick the shorters are to show their increased short - FCA know within two days, but when they reduce their short, some of them are taking up to 4/5 days to disclose.
Slowly as she goes, if up, shorts will close driving a few spikes upwards along the way.
Where do you think this is going to go to Gareth?
"potentially £300 mill of leeway before covenants exceeded if Davies is to be believed and the debt limit maxes out at c£650 mill"
This is true, what I am unable to find out is what are the terms of the deeds of the covenent and could they be at risk of being breached?
Metamorph, if your going to check my track record, please do check a little deeper.. My single loss for which I am honest about, does not equate to my huge gains from TCG, IMM, QUIZ, YU. and the massive gain from FOOT to say the least. Its all in their in my history if youd care do delve deeper in my dirty draws. FOOT baought at 24p and sold at 82p, HUGE profit and they said at the time "its going bankrupt". The shorts might be building, but so are the II's.
Most of all.. the share price is at an all time low and its going up.
It's the debt facility being stretched by off balance sheet potential liabilities not currently being reported that's the main worry he highlights for would-be investors, from JVs in particular. But still potentially £300 mill of leeway before covenants exceeded if Davies is to be believed and the debt limit maxes out at c£650 mill. Big if, granted!
Mythyaar, I read it as quite balanced.
The shorts are building. And your track record losing a fortune over at TCG does your ramping here no favours. No disrespect intended.
I read it as being largely positive appraisal of the situation. Sure, it can go to zero and so any new investors need to factor that in and lose their whole investment. But the rewards if it does survive eclipse the losses if it doesn't, so worth a speculative punt.
Metamorph in that article, Rupert states states:
I will admit, even I’m attracted to this bargain-basement price, but is the stock worth buying at current levels, or is it a value trap?
And then goes on to say:
The reward is better than the risk with a potential upside of 500%, if you’re comfortable with the level of risk here, it might be worth taking a small position.
I think thats a different tune to what has been said previously, id almost say he was ramping :)
Perhaps shorts could be scaling back?
Very interesting insight from the experts over at Motley Fool
https://www.fool.co.uk/investing/2019/07/18/is-it-time-to-buy-the-kier-group-share-price/
Buy now and you could have the exciting prospect of being part of a cash raise when the kitty runs dry.