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Given the soon announcement on interim and full dividend payments and the healthy secured order book for 2024 and beyond, I'm personally at a loss as to why the SP continues to lag. Is the business model for profitable work so different from its peers?
And the vast majority of this work is on a cost-reimbursable basis, so a nice solid orderbook
Not necessarily the gift horse you think it is.
Https://www.constructionenquirer.com/2023/12/12/kier-wins-more-public-work-than-any-other-company/
No real reliance on tin-pot clients who are at risk of default on contracts, this surely adds significant weight to the forward order book.
I did like the chart lol
Agree, is a bit sluggish but one of the few I like technically. Not too stretched & hopefully consolidating before the next move up
With the imminent announcement of Interim and Full Dividends, you would've expected an upward tendency rather than this sideways downward direction. I suspect the Market Makers in the S.P. are hedging their own bets and not willing to risk bidding up the S.P. just in case - so the flip side of this is the announcement of better-than-expected news which would result in a substantial move upwards. IMO.
I fully expect this to hit 150p once the dividend strategy has been communicated - i do foresee a drop leading up to Xmas but good recovery in the NY.
If 110 holds, then looks next likely resistance at 115. This has momentum now.
My initial purchase in 2017 was at 1181. Averaging down recently has taken that to 124. No investment is without risk. IMO, Kier is looking good for much higher than my current average and am targeting 150 in time.
Bottom*** If you're 60% down right now, your average price would be 275p. When did you buy KIE? It hasn't been that price since 2019. If you've been holding for many years, but you're now saying you can't afford the risk, AFTER Kier has done two rights issues and sold its housebuilding division and cleared debt down to a reasonable level and is now generating £120m a yr and is about to reinstate dividends, I am wondering how you quantify risk exactly. If you've got shares at that price, then you must've held through the pandemic, a major European war, massive inflation but NOW you think it's risky? Something doesn't add up with you, if you don't mind me saying so.
It would be for me too if I wasn't still 60 percent down. Was nearer 80 plus if memory serves. Can't afford anymore risk in this stock. Can I break even at a 285p average?
Yes, a very interesting point. Now K has revealed all its cards i.e. all financial details have been issued and scrutinized, K shows a very strong set of cards, a winning hand! - it's a nice feeling to be in there.
Has felt like it's about to pop for a dew days.
People realising just how solid the results are. LO'R posting today a £288m loss on an increased turnover.
A lot of buys of 100,000 this morning. I'm seeing three or four at that level plus one for 150,000. This may have been triggered by the momentary dip to 103p. I might be wrong, but I think that people are watching this share with the intention of building a position ahead of the January announcement, and wondering whether it might drop below £1. There have been few sellers and a new level seems to be in place at 105-108 for a fortnight so now buyers are accepting this price before it rises further. I think we could easily be around 120p by mid-January and then 130p plus, after the H1 trading update and dividend announcement in late January.
Been around these levels a few times and has dropped back. Need a breakout. Certainly looking perky.
Looks like there was a 100k order earlier. Showing as unknown but presumably a buy.
For no apparent reason, no volume of any substance going through on the buy side but SP rises 2.2% this morning for no apparent reason - interesting!!
Monthly and yearly uptrend seems well established. This was in the high 120s two years ago when its prospects were not nearly as good as they are today. Order book is much bigger now, dividend return has been announced (though exactly what it will be has yet to be stated) debt is lower, profits are higher, the business has more net cash and is generating more cash. One way or another this is getting to 130p soon imo. The only question is, will it be in a rush in January or a gradual climb from here? Two months will go very quickly.
Bouncing around between 105 and 107. Not sure what will move it upwards from here.
Spread: 19.40 (18.03%)
Is this about to blow?
Seems unloved and overlooked. Maybe we'll get a slow and steady rise.
Not sure why such a lackluster response by the S.P. Not sure what better news on profitability, reinstatement of Dividend, order book, visibility, and no threat whatsoever of company failure which was still muted 24 months ago, nor sure what on earth K needs to do!
It did indeed explode around four years ago due to incompetent leadership.
Regretfully many of the second tier of incompetents remain in post, stealing a living from shareholders whilst simultaneously recruiting their successors on the basis of ethnicity, gender pretendery and political correctness.
Doesn’t bode well….