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FTSE250 stock, breaking out of weekly bowl, returning to a healthy balance sheet, sustainable operating margins, great project visibility, dividend about to be announced. What a come back.
Onwards and upwards.
Apologies, spoke too soon What a frustrating share in a frustrating market this is becoming...........
….. we might have lift off. Have added, good luck all
Pretty much nailed on now and that will see some big funds adding Keir to their portfolios (far more £££ than those exiting!)
Hopefully we'll see 150p fairly soon, might have to wait until next week's results.
I'm tempted but still stacks of overhead resistance and still no clear breakout
Added some more this morning at 132.5p
gla
Yea & it's only 2 weeks today to await their report which has promised to be spectacular as follows ............................
Kier said its strong trading performance, secure order book and improved balance sheet instilled confidence in the board to reinstate dividend payments in the current financial year.
The resumption was set to start with an interim dividend coinciding with the release of its half-year results.
"Kier has made a good start to the year, in line with our expectations," said chief executive officer Andrew Davies.
What about the index it leaves? Won't there be selling because of that? Anyway, so far today, breakout denied - but I think it will come
Seems to be climbing. And don't worry, when it's officially in the FTSE250, there will be plenty of buying.
I bought in at 127p a few days ago and I think it will tick up prior to the results being announced on the 7th - it wouldn't surprise me if we were around the 140p mark by then - the fundamentals look solid here as does future business prospects - I think the results will show this -
gla dyor etc
Still looks like a seller to me. Maybe when they've cleared we'll move up. Let's hope for a TR-1 soon.
Bring on 7th March! Then let's see the flood gates open!
I agree. IMO it is currently 50% undervalued so still a medium term buy for me....
Posts strong results, a very good indicator for what to expect here, with the addition of FTSE250 status and new impetus, I'd suggest the SP should also head upwards.
It appears the SP has been ' set/ agreed? ' by the market makers of the shares, clearly, to my way of thinking, the MM are waiting for news on the reinstatement of dividends and trading figures before deciding which side of 130 the SP should be. I think the SP will be substantially higher from these levels, barring any market correction going forward.
And if I have read it incorrectly, FCF is circa £130m with month end debt circa £200-£250m. I would hope RCF reduces to target £150m ASAP. I guess 9% of £250m is mildly better than 5% of £540m.
Where are you drawing 9% coupon from?
It's a 9% coupon. Who would lend to Kier at 1.8%
I don't think I follow?
9% aggregate principal amount means total over 5 years (until 2029) or 1.8% per annum? The RCF was 5% PA?
They have just reduced debt interest by 3.2% PA, as I see it?
I don't know how that cost of debt can be seen positively. They need to generate a lot of revenue at their operating profit target just to pay off the debt cost
There must surely be upward movement in the run up to the Dividend and FTSE 250 announcement in March. Also the half year figures will confirm the substantial cash generation. Only a few more weeks and then there will be a breakout.
More Broker upgrades would be helpful. Current level is still a great opportunity imo. Some patience needed with Kier!
With the Senior Notes / Debt now 'resolved' do we think II's will see this as a good start to invest seeing that the dividend declaration is due in the next few weeks? Time to step up and invest and qualify for the divvi?
As djframboise alluded, strong volume but costant overhead resistance means the share is struggling to get anywhere. Is there a seller?
I took both KIE and COST on the dip - think they will both do well over the next year or two.