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in @ 10.13 like the idea of out @ 11.50
You snuck in before me ;) I put a buy order in yesterday for 10.50, got filled today at 10.51 and my target is same at 1150!
ANY ONE FOLLOWING THIS STOCK
Keller Group (KLR) Director name: Mr Paul Withers Amount purchased: 10,000 @ 647.90p Value: £64,790
Ground engineering specialist Keller said overall market and trading conditions have remained stable since mid November and it remains on track to meet full year guidance. In its interim statement in November the group said 2012 full-year revenue was expected to be around £1.3bn, with full-year profit before tax significantly above the then range of market expectations. Most of its growth has been fuelled by progress in its North American business, as the US construction market slowly picks up. Since November the overall market and trading conditions have remained largely unchanged, the group said. "Accordingly, the board continues to expect that the full year results will be in line with the guidance given in November," it said.
Keller: Panmure Gordon ups target price from 350p to 570p and maintains a hold rating.
Keller Group: Goldman Sachs upgrades from neutral to buy.
Keller Group, an international ground engineering specialist, delivered a strong performance in the four months to the end of October, with results coming in ahead of its own expectations and ahead of the same period last year. The group's 2012 full-year revenue is now expected to be around £1.3bn, in line with market expectations, with full-year profit before tax to be significantly above the current range of market expectations. The group said the majority of the growth was driven by progress in its North American business, where it has taken advantage of a gradual improvement in the construction market. A good performance was also seen in Asia, while in Europe, the Middle East and Africa the company is expecting a much improved second half after actions taken in the first. Australia is trading ahead of the previous year. At the end of October the order book was around 10% above last year. In a statement the company said: "Looking further ahead, at a macroeconomic level the outlook remains extremely uncertain. Europe continues to face a number of economic and political challenges, whilst the rate of growth in much of Asia appears to be slowing. In the US, where the construction market and economy as a whole are in the early stages of recovery, this recovery is threatened by the "fiscal cliff".
Keller: Jefferies keeps buy rating and 651p target.
Keller Group, the engineering group which specialises in ground projects like putting foundation piles in for bridges, had a strong morning after upgrading its full year profit forecasts. The group says there has been a recovery in most of its main markets, including Australia and the USA. The recovery has pushed revenues up 13% compared to the same period of last year, coming in at £613.8m for the six months to the end of June. The US revenue contribution has risen 27% in constant currency terms since the start of the year. Profits before tax rose from £3.4m in the prior year to £11m this year and the order book is 27% ahead of 2011. Justin Atkinson, Keller Chief Executive said: "These results show a strong improvement overall, with three out of four of the group's regions performing significantly better than at this time last year." He added: "Accordingly, the group's results for the full year are expected to be slightly ahead of the top end of the range of market expectations." The median forecast among five brokers covering the stock is for profit before tax of £42.55m.
Apart from the announcement of a $40m contract in the US for Transmission towers 92 weeks ago) - what else id driving the shares upwards? - Yield? (no ED until October?) but still 5%+ - answers anyone - not grumbling - just wondering what I am missing.
Financial Position The Group's financial position remains strong. Other than the normal seasonal increase in working capital, there has been no significant change to our financial position since the last year end.
Interim Management Statement Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, issues its Interim Management Statement covering the period 1 January to 17 May 2012. Overview Most sectors of the US construction market are now showing signs of a steady recovery, following a number of difficult years. In Europe, however, market conditions have not improved and in some places they have become even more challenging. Elsewhere, the two-speed construction market in Australia continues; and in Asia, we have seen increased activity in Singapore and Malaysia. Overall, the Group's trading in the first four months of 2012 has been consistent with the Board's expectations at the time of the full-year results, with both revenue and profit ahead of the same period last year. Order intake has been excellent, helped by a number of large contract wins - most notably, our previously announced A$180m (£112m) contract to install piling for the Wheatstone LNG plant in Western Australia. Accordingly, the total order book is at an all-time high and the value of work to be executed over the next 12 months is up approximately 20% on the same time last year. Looking ahead to the rest of the year, the Group has some good opportunities and we continue to expect the year as a whole to be one of progress.
http://www.investegate.co.uk/Article.aspx?id=201205180700176422D
Now what is the reckoning that the shares drop back to 440+ after XD? - However the shares are still a good long term growth and with a good yield to boot = hoping for 600+ soon. (Last May they dropped 110p as soon as they went XD !!)
With no news. Anyone any ideas? In fact that makes 50% in a month. Pretty good going from where I'm standing, but having got in at 472, it's still got a long way to go. Makes a monkey out of all the broker opinions from Oct/Nov though.
Numis downgrades Keller Group from buy to add, target price cut from 600p to 280p
Goldman Sachs downgrades Keller Group from buy to neutral, target price cut from 440p to 310p.
Panmure Gordon upgrades Keller Group from sell to hold, target price cut from 500p to 350p
Keller (KLR) has been awarded two Crossrail contracts, worth a combined 30 million pounds. The engineering group will install over 50 kilometres of specialist pipe in the new underground system, and also perform structural monitoring and surveying. Work will commence shortly and is expected to last until 2014. The wins comes shortly after a previous contract, received in June, worth 37 million pounds for grouting work at Victoria Underground Station.
http://www.investegate.co.uk/Article.aspx?id=20110817105059PD989
Justin Atkinson, Keller Chief Executive, commented: "Major infrastructure projects such as these, requiring complex solutions, play to our strengths as a global, high-capacity provider. "These three contracts, which will draw on combined Group resources and our considerable experience of large-scale tunnel stabilisation projects around the world, demonstrate the synergies between our businesses, particularly when it comes to co-operation on large projects."
Keller Group plc ("the Group"), the international ground engineering specialist, announces that it has been awarded two major contracts relating to the main tunnels for Crossrail, the new east-west railway link to be built under Central London. Keller UK ("Keller") has been awarded the compensation grouting works at London Underground's Tottenham Court Road and Bond Street stations. The contract covers the installation of over 50 kilometres of specialist pipe, through which grout will be pumped whilst the tunneling works are in progress, to mitigate any ground movement and protect the existing infrastructure. Keller has also been awarded a contract for structural monitoring, geotechnical instrumentation and surveying works, employing the Getec monitoring system which was originally developed by Keller in Germany and recently introduced into the UK. The two contracts will be undertaken in joint venture and have a combined value to Keller of around £30m. Work on both will begin shortly and will run through to 2014. These follow the award of a £37m contract in June for grouting works for the Victoria Underground Station upgrade, which will start in late 2011 and will be undertaken with support from other Group businesses in Europe. Taken together, the three contracts significantly improve the prospects of the UK business, which has faced extremely challenging market conditions in recent years.
http://www.investegate.co.uk/Article.aspx?id=201108170700084750M