Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oh dear, so many getting their knickers in a twist this morning.
Chill out ladies
Steve, you need to understand balance sheets better.
Their revolving credit facility is over £500m (£475+£71)what do you mean by "Wake" debt?
This is effectively an over draft facility agreed for a period of time which expires in 2025. As at last year end they had dipped into this by £242m which is significantly better than the previous year which was £504m
Every company will arrange an RCF. The cost of having this facility, interest is included in their numbers.
I refer to Morgan Sindall last full year accounts
"During October 2020, the Group secured a new £150m committed revolving credit facility, replacing the previous £150m facility which was due to expire in early 2022. The new facility initially extends until late 2023 and includes two further one-year extension options, with the agreement of the lending bank"
Steve
/***
* do not see that kier are out of the mire
***/
Chuckle
Thanks for that Steve...understood...and lets face it todays red lines on the Intewebs kindah add weight to your view don't they ?
I am similarly disapointed...I like to take a quick profit when I see one...just like anyone else...but am confident in long-term future of KIE
Kind regards
The Jimster
Not shorting, but do not see that kier are out of the mire, to many headwinds to ever clear the deck of the debt pile. It is a zombie company, and re no dividends in the medium term??, medium term for big business is normally 5/7years, share price will stagnate at a level, with small gains/losses daily, until dividend reinstated imo
OK steve
I will bite
You see KIER as failing is that it ?
If so what are you doing here ?
Shorting is your perogative of course
However
I feel betting on a company to fail is not quite ethical/moral ?
Are you shorting ?
Kind Regards
The Jimster
Wake debt still over 500m, it's on the balance sheet, due in 2025, its still has to paid the interest yearly, this has nothing to do with month end debt, as this is monthly/quarterly trading
KL sold at the price the market was told & was expecting. Right issue exceeded expectations. The markets do not like surprises or companies not doing what they say they will do. So far Kier are still on the same path to recovery, not fully there yet but there is light at the end of the tunnel.
Their Customer base has faith in them, they topped the monthly contracts won league last month, the government has faith in them, the banks have faith in them. Forget material prices, everyone is in the same boat, you should worry about the local house extension builder having to pay £6 for a 2.4m length of CLS not the major contractors.
The share price will go up & it will go down, what happens over a longer period is how to judge their performance.
Steve, they have cleared their debt and produced a small profit. Regardless of how they did it, they did it. What's their forecasted profit for this coming year? 100+mil?
Drivel Steve, absolute Mr Negative
Yes Jim, they really should have stopped them earlier when the debt was piling up. Though debt used to be a good thing and now it's not. Hey ho, at least they are out the other side!
Deemon
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* Steve has alterior motives
**/
Fair enough
Re Dividends
My Interwebs indicate last paid 2019
Is that correct ?
The Jimster
What have they delivered, sale of KL 110m and 241m of shareholders cash drawn in, KL was sold at a loss, on book value, and the cash raise, mostly when to the bankers, little bit left in the company, so they could show 3m profit on 1.3 bn turnover, they done really well, from all the work they've done
I repeat: Steve always offers the same - boring negative nothing. Shorter / trader / shyster. Nothing ever changes.
Did I miss something, did the board say they were planning dividends for the last financial year? No? So not having dividends is what we were expecting?
What have they promised on & not delivered?
And I said it is a daft comment as the RNS states, dividends are a mid term goal.
Respectfully Jim, you can hear it all. Steve has alterior motives and nothing anyone says on this BB will stop him with his constant negativity on Kier. I am defending a company I am invested in, am postive about and am also entitled to my opinion.
Again...simply a matter of opinion Deemon
And don't see why you need to use phrases such as
'that is just a daft comment'
Try playing nice here...I want to hear it all
Jimster
Obviously there is no dividend, why would you pay dividends when you are turning the ship around? That is just a daft comment. I think everyone would agree it would be unwise to start paying dividends at this point. My guess is another year and if things go well as I expect they will they can think about dividends again.
"they will take their big payday, for turning it around, and leave before it all hits the fan" = Utter tripe lmao
I've done very well from Kier shares thank you very much. Were not talking life changing money but I'm a happy man.
Take the personal outside please
'can't stand the heat' metaphor and all that
Cyber warriors not welcome
As far as I can see all the recent comments are simply a matter of 'opinion'
I want to hear it all
Kind Regards
ACE ( Autonomous Cybernetic Legal Entity [ acting for the jimster ])
Well you will be the same because you must want to invest or you would not be on this board why aren’t you behind your market stall Steve
No dividend and next to nothing profit, after swelling their bank accounts with your money, I expect you will all agree to directors remuneration at the agm, they will take their big payday, for turning it around, and leave before it all hits the fan, and your all be there, with your wallets open, ready to give again. With the dream of riches, remember share ownership is a form of gambling and very few really do well,