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I haven't been here in a very long time , still people hoping this will dig , sorry for the pun itself out of its hole , trouble is I think they've dug it in sand and it keeps getting bigger , cannot see this company ever recovering enough to make any meaning for money for shareholders , the banks are the only ones making money from this , certainly not dividend anytime soon and the chance of the share price falling to almost junk levels, that's the way I see it , many will still see it as a positive, but I struggle to see why
What a poor announcement - 'performance is where the expectation is in the current market place' - wtf does that mean? Its drivvel and pretty poor when you need to gain the confidence of the market surely? SP was climbing slowly, but nicely, and now bombing again. The omission of a dividend makes this stock unattractive to big investors. However, I will wait the down turn and top up sub 65p.
Comprehensive ex-tax loss of £63m, mainly because of mainly because of pension/retirement liability.
Margins here and the general construction industry in general are very poor and subject to the unknown issue (e.g. Costain and A-road upgrade). Housebuilders are probably a better bet, having said that I might trade between 65 and 79.
You would hope it's for the employees, but phrases like long term incentive plans are normally associated with Execs and senior managers, regular staff would more likely have a sharesave scheme.
and rewarding hard working employees surely ?
As stated no dividends for the shareholders but they're buying more shares for the long term incentive plan, "The purchase of existing shares relates to the Group's employee benefit trusts which acquire Kier shares from the market for use in settling the long term incentive plan ("LTIP") share schemes when they vest. The trusts purchased and sold shares at a net cost of £11.9m (HY22: £1.8m; FY22: £7.0m)."
So as per usual ensure the board are rewarded before the shareholders.
No dividend always a negative for share price. Even a tiny 1 or 2% dividend will show they are thinking of investors.
Can’t see any negatives, no dividend isn’t a bad thing just now, could probably be using the money for better things
Results - No surprises EPS up, order book good, debt much the same but some loan paid off, commitment to dividend, but no dividend? DYOR
Even without bid speculation, Kier was trading well above 100p level within the 2 to 3 years when there's was a potential default akin to Carriliion fiasco. Kier has moved on very much in the right direction since then, yes its encouraging to see the SP inch up but this surely is an indication that we shall see a much higher SP with or without bid speculation in the near or medium term?
Lots of bid speculation for Wood Group today.
Buyers looking for companies in the contracting / support arena with big order books and decent cash flows.
Hopefully will rub off on Kier’s share price.
When's the institutional support going to kick in on this one? Slowly creeping back up. Very slowly. Would be great to hear of an anticipated didvidend return, i.e. likley date that it could be realised. Keeping quiet about that probably doesn't help sooth investor concerns. Big order book, but we need big returns to happen before dividend surfaces. I'm holding on for bigger and better things here long term.
Freddie I would agree. There's turbulance out there in the investment market so this sector offers stability and visibility. The order book Kier boasts surely has ripe pickings for profit?
Well at 75p its the highest for 4 months , surely rerate is due
Support now flatened off? :(
More big buys this morning. Somebody knows something...
Couple of big buys going through today - happy days - is there now institutional confidence?
It appears there is finally a support level above 70p and a consolidation at this level without any apparent significant buying. This I feel is a positive for the SP going forward.
Yes, I agree. Looks like over a million worth of buys just gone through so that might explain the rise.
Is it crazy to believe we can get back to the OO price of 85p before the end of the month?
Should have read: That was a bit of a delayed booom! but better a steady increase than a spike and a fallback.
That was a bit of a delayed booom! but very a steady increase than a spike and a fallback.
booom!
The order book at 31 December 2022 is expected to be c.£10.1bn, an increase of c.3% from the year-end position (FY22: £9.8bn) and significantly higher than the prior period (HY22: £8.0bn).
That significantly higher is 26.25% - sound better. Share price this time last year was over £1. In any business where the margins are not so derisory (3.5%) the share price would be up 20% or more on this news.