Member Info for cringsing

Click the RNS icon further up on this site for a list of all previous released RNS notifications and check the 2019 releases. There was no RNS on 30/6/19. It takes months to prep even the prelim results after the last day in a financial year. Add to that auditor sign-off.

Next scheduled RNS is Sep 17th as far as I know.

June 30th is the FYE date.
I do not think market expect a financial update until Prelim 2019/20 on Sep 17th.
Kier did not release any news on same occasion on June 30th 2019.

@munchbox

Oil is dead duck in water mate. BP shedding 15% staff globally says it all. Be sure to listen in to Elon Musk on Battery Day (whenever he decides when that is to be). Did you know that Tesla (or some subsidiary) is now a licensed utilities provider in U.K? (allegedly).

As for Kier, can’t see who’d buy them as I think it wld then have happened already or interest declared. For synergies to be exploited, wld need to be another U.K. group. Let’s say it was to happen, what price (per share) would we agree to ??

150p probably isn’t the right number either....

BBY
- Orderbook: £17bn (April 2020)
- Employees: 25.000 (2019)
- Revenue: £8.405bn (2019)
- Debt: £775m (June 2019)
Market Cap: £1.79bn (now)

KIE
- Orderbook: £8bn (31/12/19)
- Employees: 20.000 (2018)
- Revenue: £ 4.494bn (2019)
- Debt: £242.5m (31/12/19)
Market Cap: £0.159bn !!!!!!!

Balfour/Kier ratio (revenue & orderbook) 2/1-ish.
Balfour/Kier ratio (worth) 12/1-ish.

Just saying......

I’m a bit curious here. Some posters here seems to suggest the SP is bound for a new upwards journey around reporting day June 17th. However, RNS of June 1st stated that FY results are (still) expected to be in line with trading update of 31th March. Is there something else about the June 17th announcement that is likely to be worthy of excitement ?

That was a mighty long time ago :-) I’m not a frequent poster as haven’t got the time. I got in when the SP got oversold, as I am in other oversold shares. I’ve taken my money off this particular table, now moving to the next one likely to be found worthy of a very decent SP recovery. Kier Group, successful construction company, £8bn order book, £3.5bn turn over, just build Nightingale hospitals in Swansea and Bristol. Market cap £135m / SP 82p totally ludicrous, but a debt (meagre) of £200m and a large ownership by the failed Woodford fund took the SP down with an enormous crash. Meanwhile business is doing well, and even of the govt prompt payment scheme !! That would not be the case with any distressed construction group. A very similar trajectory to DLAR and some chaps on this board tips KIE to be the SP recovery of the year. DYOR !!

Is it known for certain that Woodford’s holding is still being offloaded into market ? Is there any way to ascertain this ?

If I remember correctly, Kier’s orderbook is £7-8bn (I may NOT remember this correctly), but if it is and if we assume then can retain 3% margin, that’s near £200m pending profits. Plus, add to that, debt is dirt cheap at the mo. Also, I do not think there is any evidence of non-profitable contract being entered into since new CEO started. There are some evidence that they have stayed clear of work they thought they could not make money on. If it wasn’t for the debt, Kier would be valued in the range of £500mn - 1bn which is still only half of BBY which are not dissimilar in size. If a company with a £3-4bn turnover can’t cope with a £200m debt in times where credit is almost free, then there is no logic to the world no longer. Was is 40 hospitals Boris promised ???

Hello yo’ll
I am very curious as to the Kier involvement in the Nightingale hospitals the govt ordered. I’m aware Kier delivered Bristol and possibly Swansea, but don’t know of more than that. Anybody here aware ?? Have their been any announcements made by Kier re this, re scope, contract size, and if there is a pending project in decommissioning these emergency facilities later ??

To holders in this fairly depressed share, just as a bit of cheer up. Another deflated company De La Rue today at one point was up 250% on the back of a decent (but not spectacular) RNS. Looks like the euphoria was mostly about the company having turned a difficult corner. (They etc lost the bid on manufacturing the new blue passport last year). Well, goes to show what a bit of reassuring news can do for a depressed share..

This blew a few gaskets today. Congrats all holders.

I’m not invested, but was involved with company 12 years ago so still keep an eye on it. I read the RNS this morning which looks good, but (if I’m honest) didn’t look like a 250% lift. So if I may politely inquire, what on Earth released this rave party ??

The long uphill climb to £5 has begun. Won’t be overnight, but sure as hell will be a scenic journey with plenty of highlights on the way.

I am somehow doubtful that the sale of KL could be a year away, but after today I reckon Kier can afford to wait for best selling opportunity / hotting up housing market.

All good news.
GLA

@NI, yes BoD and exec mgm doing great job. Corona is a general hiccup, but on flip side the pressure on NHS may force Boris to sign off on some more new hospitals.

A near 20% up on a day where FTSE100 suffering a near 2% drop can ONLY be very good news.

We need more buys to lift the SP further, and on the day where it’s likely to become a fact that corvid19 is now spreading in between communities, I reckon people buying new shares are few and far between. However, ultimately in my view the Road is paved to £2.xx over the coming weeks.

The update re the KL was disappointing. Sale within 12 months, here 9 month after announcing the decision to sell, is more than sluggish. Much larger companies have been sold in less time. I however assume Kier will prefer to sell in the midst of Boris Building Boom, hence why waiting may be name of game.

@GG Thank you very much for a balanced answer. It fully addressed my questions. I really appreciate your positive comments re the PANR people. Good people generally makes good things happen. At least more often than not :-)

Thank you very much...

Gents.
I am relatively new to this, so my questions may be a bit daft, but hope you will bare over with me.

The opportunity in Alaska, what are the commercial ‘mechanics’ of that starting to generate revenue ? Will PANR need to do more explorative work to mature/validate the opportunity, or is the opportunity adequately defined for potential farm-in partners to know what they can get their hands on, and what value the opportunity will have to them ?

Additional, will production from this location be a year-round operation, or are there periods where production will not be possible ?

I have no idea but imagine there are thousands of opportunities like this one all over the world, why farm-in partners presumably can cherry-pick the ones that suit them best. I understand there are other opportunities in the area, so assume that potential farm-in partners do have a choice in whom to pick.

Also, is it likely to expect PANR will incur significant costs on this opportunity prior to finding a farm-in partner? I do understand that there has been interest, and if true I can only assume the said interest somehow fizzled out during looking into it. Had it been a ‘gold mine’ somebody presumably would have taken the opportunity off the table by now ?

At what point will it be safe to assume that no farm-in partner is adequately interested in the opportunity for them to sign up ? Now having independent validation of reserves, is it a matter of weeks, a couple of months, or could this drag on for a longer period ?

I can only assume that the value of this opportunity for any farm-in partner will hinge upon what PANR is expecting in return for the contract, and my guess is that’s what drives the competition. Is this (in your opinion) a find that will fly off the table, or more one that need some oiling to move anywhere ?

It’s probably rather obvious that I am trying to figure out what to expect..

Thanks a lot..

Just wait....
Not long now ;-)

We’re less than 2 days from what could well be the next phase for Kier. Currently up 6% albeit corvid-19 effects, so somebody clearly do want to be long on Thursday morning. Other than a couple of news stories secreted by The Telegraph to aid some fund manager friends (later found to be lies), no bad news have emerged at all. Kier pay staff on time, suppliers on time, sub-contractors on time, and they win work that they are good at ALL THE TIME.

The debt is the only negative aspect, but the plans to address this have been in place for some time, and there is no reason in my view to doubt these are all being executed. I cannot think of anything said by the new CEO that has not come to fruition. The sale of KL, well that was never going to be a quickie, but that far from means it’s not happening... GLA

Right chaps, where do we think the SP will be at 9am ??

;-)

What’s this drop all about ??