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If there's one thing I've learned over the years is that the share price rarely does what you would expect it to do upon any news release, but often has bigger swings when there is no apparent news. These two companies are a fraction of the size of Kier, there are these stories and the opposite about every week. The sector is sound, Kier just need to be in the game which they currently are.
617 trades today Steve, hardly set the stock market alight with activity.
That explains the blind faith in kier, thought it would have climbed higher today?. Nervousness still in construction with stepnell and nmcn bringing bad news, see nmcn are not getting mainstream banking help, looks like some type of secondary sub prime type bridging company, proves banking industry cautious,
And me. One thing Kier does have going for it, probably the majority of shareholders are either current, past or retired employees.
I would, am... Hinkley -Steve72 aka Stinkley...!
Why do you bother churning out the negativity when the share price keeps ticking up and proving you wrong, all the time...!?
Anyone just has to look at the accounts and will realise £90m will not even make a significant dent in the debt levels which are off the scale. Thank goodness for some honest reporting by Construction News.
A deeply discounted rights issue/placement/debt for equity and dilution are now a certainty. Who would be a shareholder in this company?
Oh meta, how we've missed you.
Actually reached £25 very briefly
Lordy lordy, now with KL finally sold can we all move on and not discuss this anymore? Cash injection / debt decrease / dividend on its way back? Rights issue would be a dilution of value but they've sprung back from this before - Hanson buy out at £1 per share got a 10 for 1 issue, then the shares reached £15 plus...........nice little earner Rodney..........long term game here
Decent has nothing to do it. They have an obligation to fund a pension deficit.
Bet that hits the accounts on Wednesday
Steve,
They injected cash into KL to take the debt to main company.
Looks to me like Kier may finish unchanged on the day. Sale of KL was largely telegraphed so everything in the market except for £10m transaction fees and £10m pension deficit. Everyone wants a slice of Kier.
Wednesday will be interesting.
It made good money but it tied up too much cash in operating, so a good sale for Kier.
Steve - the payment into pension funds goes to show what a decent company they are given that the last valuation showed a pension surplus of £38.8 million and has nothing to do with the sale of KL.
"Kier operates a number of defined benefit pension schemes. At 30 June 2020, the reported surplus, which is the difference between the aggregate value of the schemes' assets and the present value of their future liabilities, was £38.8m"
Someone,please, let the non execs know how house prices are doing. KL should be a jewel !
Read it again HOLDIT, i said good business, and your deluded if anyone on this or any other BB will affect the share price
This rockets takes off at 0800hrs GMT.
The Share Price won’t listen to you deluded Steve.
Kier group injected 164m in to KL in Dec 19, looks like internal debt for equity, getting it ready for sale, and in June 20 stated it had lost 89m in the year end accounts, maybe Kier group are better off without it, and maybe a clever move if, they've sold to GH for 110m, if with that he is taking some of the current company debt.