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I thought it was starting next year h1 .
Surprisingly muted market response, I thought it was a good update. Additional dividend info would have been nice
No statement about the dividend return though :(
Well it read very well indeed in my opinion .
My thoughts exactly Carrington. Mr. Market always looking for fireworks but solid and steady works for me.
Opened down but I think the results will propel the share up once the trading update has been digested - lets see
gla dyor etc
Yes, it reinforces what we already know with even more visibility. Very promising ref recent acquisition. Bright future outlook and bargain share price at current levels - loads of upside.
Nice update
Update tomorrow, could see a rally or evening an opening close to 114-115p . Could break that range . Especially after the last RNS.
KIER feels like it is ready to explode
Trading update on Thursday and I am expecting further progress following the excellent set of results a few weeks ago when the share price rose to 115p - looking for a return to this price on Thursday - lets see
gla dyor etC
I see the Directors got their chunky LTIP shares awarded this week, and more interestingly, the Chairman actually bought some!
They are a canny lot and in my view they will believe that the shares are currently massively undervalued...
Decided to buy a tranche here yesterday at 98.5p - the results were exceptionally good imo a few weeks ago, and the shares have pulled back from a 115p high - trading update on the 16th Nov - I think the shares will be bought back ahead of this in anticipation of a good update -lets see
gla dyor etc
Ok looks like some support here so back in with my traders which I saved a mammoth £14 cos I sold them too early woo, about 20% up generally though
Yes, and at 99p it is time to dip in again....
Good infrastructure is an investment for the future. It is often 'visible' change too which is a political win for the party in charge. Win:win. Bring it on. Sooner the better.
'Get Brittain Building' - Racheal Reeves kept repeating in an interview this morning. She's also very keen on infrastructure post-cancellation of HS2. - Kier is a major player in Labour's plans!
I agree. 2.6 Trillion isn't huge
Stocks have been on the downward trend for too long now. Maybe regarding your post and that Kier are not affected by HS2's Northern Run, the markets will pick up after The Prime Minister's announcement today implying that the country will have much, much more available funds now. Beats being in a huge amount of debt as a Country.
Not sure if the slight fall today is HS2 related, but Kier confirmed last week that no additional HS2 work is included in its order book.....so if the Manchester link gets cancelled it will have no impact on the company. I'm still adding to my holding.
Nothing new in the presentation today other than a little more about their dividend forecast. You get the feeling that they are still being cannily cautious and there is plenty more to come in the next 2 years.....
Kier are hosting a retail investor presentation at 10.30am tomorrow, Thursday 28th September. They have announced it on RNS, but if people want to sign up, the link is here:
Retail Investor Presentation
The live online Retail Investor Presentation will be held at 10:30am BST on 28 September 2023 and will be open to all existing and potential shareholders. To attend, please register via the following link:
us06web.zoom.us/webinar/register/WN_43xcLFGlSTqFTqNIsyXLzA
Could be interesting....
Correct. All of Kier's profitable, secured revenue is derived from phase 1 of the build (on a cost-reimbursable basis!) and when the UK government changes, they will have a further bonanza of schools, health, energy and the like to replace HS2 anyway......Kier is perfectly placed.
Agreed. Looking very good now. The impact (if ) HS2 (part 2?) is cancelled is minimal on Kier.
Exactly the same here....was thinking in all honesty it would be a serious cut to sub 100 given the frantic news. Excellent to see how its performing...I guess the fact is, its the London to Birmingham leg that counts for Kier. And there is a lot of other exciting work outside of HS2 anyway.