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I think we need to see what the H1 results show on the 9th March. As a trading update ,it was a trifle flat but i note that it does mention having the ability to pursue investment opportunities. They will need to clear up the Tilbury Douglas merger rumours one way or another. In my opinion the balance sheet does not lend itself to an investment of that nature. Still I know knowt.
Quite refreshing to get a 'boring' trading update imo.
I'm disappointed with these results but I feel I (we) need to lower our expectations. The company is operating inline with its piers which is the main thing. What is disappointing really is that after the KL sale and capital raise there's still £195M debt.
We long-suffering shareholders need to take the long view and try and enjoy a boring ride. IMO. Good luck all.
Are the results good enough for everybody
Trading
The Group performed well in the first half, despite inflationary pressure and expects to deliver half-year results in-line with the Board's expectations.
This reflects continued strong operational performance and the confidence outlined in our full year results announcement in September 2021.
Speaking purely in layman’s terms, directors pay rise late last year and M&A activity now says to me that Kier has a very positive board and the company as a whole is performing well..!
https://www.constructionenquirer.com/2022/01/19/kier-signs-deal-for-169m-luton-hospital-revamp/
Come on share price, up, up....
well this is a curve ball I didnt see coming. Will await Thursdays trading update with anticipation
Surely they must be barmy veen considering this purchase?
Really???
Let's see what he has to say on Thursday's trading update
Hmmm. Thats a surprise. I think I would rather they consolidated what they have at the moment. But maybe it has gone so well they feel they can do this, if the price is low enough. It will be interesting, if confirmed.
From Kier IR:
20th Jan 2022 Trading Update
9th Mar 2022 H1 FY22 Results Announcement
Theres a trading update due shortly. Hopefully all positive news and a tick up on the SP coming
Well I'm very much in the red. What views are there towards a mid term fair value for Kier?
This is one of my long term stocks plus I am in the blue so can wait for any dividends
Unfortunately there is likely to be some debt remaining to clear going forward although the equity raise and sale of KL will obviously have reduced this considerably. The Fees involved with the equity raise, the deferred tax bill along with the top up of the pension pot etc will have eaten into the funds raised. If the true debt was nil as some here are suggesting the return of the dividend would have been imminent but as A Davies suggested at the 2020/21 year end results the company needs to return consistent profits for this to be considered in the future. The January update will hopefully give a clearer picture on the remaining debt levels, the profit level achieved for the first half of 2021/22 and potential timescales of the dividends returning in the future.
Unfortunately, still a few who can't get their heads around the debt reporting. Has been a very strange couple of weeks. I needed funds and sold some at 111 only for it to drop 10% for no obvious reason. My short-term cashflow issue didn't resolve itself quickly enough to buy back what I had sold but happy to see a good few daily rises.
2022? Who knows. Good news and we may well see stellar increases. GLA and best wishes for Xmas. DJF
Thought we'd all agreed that there was little or no debt at year end. End of month debt averages are an accounting hangover from previous months in the year before the big repayment recently.
There is a credit facility but not much in teh way of actual debt now.
Opinions and thoughts welcome but preferably based on reality.
Think the Dividend will return when the average net debt is brought down towards nil. That will take 2 or 3 years.
OK, I've bought a few of these, again. Seems like good buying at this level, surely? Their worst days must be behind them. Will a dividend come back in 2022 or 2023?
Twice in the last 3 months
https://www.constructionenquirer.com/2021/12/10/kier-tops-november-contracts-league-2/
What else do you need?
Totally agree with you feileb. I have 3 sharesave policies with Kier at 86p, 56p and 96p, on top of my sipp that will give me over 20k shares. I expect to make a tidy profit at those prices or a nice dividend would also be acceptable. I doubt there will be any major swings in the share price until we get this years financial results and they are positive. Healthy order book and net profit should see this into the £2-£3 range without issue.
Loads of good quality work on their books now.
Way undervalued imo, but guess that's the sentiment in this sector
Morning KIE people
Hoping we have arrested the fall at this point
I came into KIE looking for a quick profit but have been quietly 'pushing' shares onto a 'stack' and am holding quite a bit at no cost
After taking a hammering elsewhere on the markets I'm planning to stay with KIE all the way up the ramp
Its looking good ( or at least as good as anything else happening right now :)
And thank everyone for the opinions, technical info etc below
I want to hear it all...I don't necessarily agree...but as I have said elsewhere...it shure does help me know where to look
Appreciated as always
The Jimster