Member Info for DaveT1

Can't get a much better shout from the research note...

"Our discounted peer based EV/EBITDA valuation suggests a target price of 26.79p, 360% upside from the current price. We update coverage with a stance of Conviction Buy."

You need to get out more.. Blackwoods is an excellent gin and is sold by all the top supermarkets in the UK - they also managed to get it behind the bar at Wetherspoons (same goes for RedLeg)... they've got money in the bank and make a profit and now have a Mcap of only £5m.. yes it's been well oversold.
Spending a comparative small fortune pushing it at all the independant ****tail bars hasn't paid off (yet).. unless you were the one visiting and taste testing.. but like you say, RedLeg is currently the main brand and it's for sale at the right price - nobody knows what that is but historical comparatives are anything between £20m and £50m so I'm happy to hold and add (lots) more at this price.
GLA

"The Board believes this portfolio performance is testament to three key factors; first, the Group's cautious approach to risk; secondly, the spreading of risk across multiple industry sectors; and thirdly, taking appropriate security and then assiduously following up with credit control disciplines in respect of arrears and impairments in order to generate recoveries from the security taken. Furthermore, the net write-off rate continues to reflect the historical trend of resilience in the UK SME sector experienced by the Group in providing finance to smaller SMEs for what is business-critical equipment for those borrowers."

They have proper risk governance and base provision on actuals and their provisions are always higher than the actuals.. like Hazrat says, they are gradually increasing provisions but that's just extra prudence not from necessity. They also seem to be particularly effective at recovering any bad debt.

Yes, there's a (£10 billion) future for Kier but they need to complete the strategy and then re-introduce a dividend before the share price can climb properly.

Lol, you're a funny guy.
I thought the main rumour was a 550p takeover bid.

All you need is the right actuary to turn a small pension deficit into a decent surplus..

They've also fallen out of the main indices so many funds will have had to drop them... and with them already suspending the dividend they aren't high yield anymore... They are not going out of business but they will need to show investors that there is still a reason to invest..

Kier did a trading statement last year on 10th July and the LSE financial calendar has one noted for 11th July (Thursday)

The 31st July update was given early on the 17th June to try and allay some of the fear-mongering.. didn't really work because Metamorph is still here spreading it.

Their previos reports indicate that they have sufficient headroom in current facilities to fund any future growth plans.

Agree a big opportunity... especially when the next quarter update is likely to look great compared against this Q1

It's true, it didn't say much.. LSE seem to have lost a number of RNS's.. for the definitive record it's usually best to check 'investigate' news site.

PE Ratio of 4.062
Dividends increase 30% this year and next year.
That's why speculators might reckon it's undervalued.

Results were posted on 28th June.

After the collapse of Carillion and the problems it caused for government projects, the government increased scrutiny and requirements for potential bidders/partners for major contracts.. i.e. you must not be carrying debt greater than x%.. (Kier report monthly carry and year end net debt differently - they should maybe be clearer on this).. anyway this caused Kier to do the rights issue to ensure they could still be a preferred bidder on major contracts.. unfortunately the RI was badly handled and should have been done earlier (too much knee-jerk and not enough planning). The business and profitability hasn't changed and will only get better under the new CEO. Unfortunately for him he has had to address the wild previous promise of zero debt this year which was never going to happen. Suspending the reduced dividend will obviously accelerate the reduction in debt but was a little harsh considering the rights issue specifically mentioned the continued payment of an (albeit reduced) divi.

I vote for a special dividend please!

"In our 2019 Interim Results, we will report on the cash availability post transaction, forecast working capital needs, and the Board's intentions with regard to any surplus."

Ideal persosn to whip up some signed permits.

Yoss they have a 10 Billion pipeline of work to bank on going forward.

As long as they stick to their dividend policy... "Thereafter, the board will continue to recommend a 30% annual increase in dividends during the three-year period ending 31 May 2021." the share price should prosper longer term. It seems very cheap at the moment.

That must be the case but September finals will show revenue up, assets up, EBIT up and dividend up... not sure what more you can ask for in the current climate..

I think everybody has got matlots message and I'm sure we are all really appreciative of the vast wisdom, but it's getting really boring now...