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Yep - suckered into a 1% drop. Embarrassing

Never a truer word spoken.
There is an awful lot of interest in this share and FOMO will appear before close of play I’m sure.

Stay lucky

Opened too high for me. Will wait for the dip

Jupiter know more than me. Buy!!!

At £2.18. Someone is positive

Looks like a big bounce is on for me

At around 8-10p below a placing price of £1.20 that raised what £45 million to accelerate their plans?

Not unhappy with that. Bargain hunters will be nibbling again soon

Matt

Holding tight for sure

Is that if I sell out now - there will be a massive news RNS the next day.
Fact

Is no one looking at the carnage in the America’s?

Personally I’m expecting sentiment to return very quickly. Efficient testing is the only way through this. Fully expect the marketing team here to be very busy right now.

In the making? Not to get to excited of course but I imagine the CEO will be fielding a lot of calls from big pharma this morning

GL

Wow!!! This time I’m sitting on my hands. Be happy when this is back over a quid tho

righting not writing you illiterate buffoon :-)

A lot of the exceptionals in the interims were due to redundancies and writing previous wrongs. Without those the company would’ve been fairly profitable no?

Thoughts?

I’ll try again

From the interim results ended 31/12/19 - Released 5/3/20

KL - H1 2019/20

Revenue 54.4m
Adj op profit 8.4m 15.4%
Interest charge (1.0)
Adj profit before tax 7.4m 13.6%

Classified as discontinued. Held as an asset for sale

Page 17 of the report

I’m intrigued here. Average margins across the group were 2% heading to 2.5%? This then is surely one of the most profitable parts of the business. Why sell it?
And if they are selling a crown jewel then what forward p/e could it be expected to receive as a valuation? x10/11/12?

Therefore could kier be looking to raise circa £100 million to massively reduce its net debt?

Does this sound reasonable? Any thoughts peeps?

Cheers

Have done a little research:

From the interim results for year

Dow Jones down 7% overnight and further sell offs predicted in U.K. stocks today.
You would expect travel, retail, oil etc to take a hit - But could a company with a strong order book, guaranteed contracts, and improving margins be seen as a safety play?

I imagine gold, food production etc would be first BUT....?

Any thoughts

JMHO

Agreed. Let the new man do his stuff and relax. Everything (almost) is down today - this could easily ping back to over a £1 very quickly

GLAH

But a steadying of the SP is not necessarily a bad thing. Wouldn’t mind a boost to the SP but some news on disposals may give that. Recognise the net debt situation but definitely like the look of the new man.
Expecting this to bubble up slowly now - higher margin contracts and removal of dead wood should help this along.

GLAH

What was the 200mda? Ps what’s that spread about? Not encouraging anything to happen is it?

Best