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Apolgies, I meant to say £200m from equity raise then £115m cost savings
I think it is worth talking about since it was mentioned as a medium term target in the latest figures. Yes there's still a lot of debt to be cleared and it will take some time to clear. Im sure some of the KL sale will go towards that pile, then if they raise say £200m with cost savings of over £115m per year plus they have crucially shown that margins are increasing so I'm hoping £115m is a conservative figure. It's more than they initially estimated and then if Davies over delivers on this again then it's another win for him. Yes the company should be in better shape before recommencing dividend payments but Kier are proving that they are successfully doing this. Id initially thought 2-3years for a hopeful return to dividends, thats my bullish view to clear most of the debt, if I was to be bearish Id add another year on.
Thats quite a good RNS in my opinion and Davies continuing to deliver on what he set out to do. Obviously the market was never going to be set alight with confirmation of an equity raise, however this time it actually sounds like something I can get behind.
Did anyone notice one of the medium term targets? Dividend: Sustainable dividend policy with dividend cover of around three times earnings. - Id hoped for a return to dividends on a rough 2 year timescale and this seems to be in line with my prediction. Fingers crossed!
Middle finger to the 50p/interserve deramping crew and best of luck to LTH's
Imho this news should push the price up a bit (maybe around £1) then if further positive news on wednesday should push it up further. Maybe back up around £1.40 and take it from there. If negative news on Wednesday then maybe back to this level again. Will be watching intently
We shall see on the 21st if your 50p prediction is correct! Kier have paid the price with loss making contracts (paid to get away from them), this was all reflected when the share price was at it lowest. Market sentiment has been slowly tilting the right direction for Kier otherwise the sewer rats would be all over this. It's pretty quiet in here these days. Kier have been working on cutting costs, increasing margins and keeping productivity up as much as they can under the current climate. Like most here, we are eager for the interim update and I personally feel it will be a small positive step in the right direction. Any positive news will put this back over a quid.
One thing that is guaranteed as the results approach is that the doom mongers will be popping in to trash talk more frequently.
GL LTH's
Sounds like a plan!! Plenty of top shelf drinking to be done!!
Glengormley here =)
me either, im just looking at the other side. At the end of the day EUA just bust its seems, gimme that £3+ a share and ill be able to prove my wife wrong lol she doesnt give 2 f**ks about my investments lol But if I burn up in a Maserati after the sale I'll still get the frown. Moral of the story, dont tell ur mrs. I acted really strangely after the rns, bit like a kid that had 200quid for a 10p mix. She said is it in your hand? I said no, frown from her. Gobsmacked, she is huffing coz Im still partying =D
but they will burn trying mac
Hes trying lmao
Like most its hard to understand the extend of the latest RNS. What we do know is that its MEGA and cannot have anything but a positive effect on the share price or the final price once the fsp is concluded. Im now at the point where a special dividened would do me nicely and watch this grow.
What I can say is that there are a lot of people squirming in their pants at the moment for various reasons and they have been out in full force over the weekend. Its funny watching them. Get some popcorn and take a seat. Your b*ll**** means f**k all when your in til the end
A quid in a slot machine? 100k may be a small amount to you but its a decent amount to a lot of people. Its been a massive rns, let the people enjoy it ffs... If you dont think EUA will make a lot of people millionaires then you are sadly mistaken. Wish I was in that boat lol
Stinkley, regardless if you are the same person or not it has no impact on anyone heres investments. I try to approach every post with an open mind and appreciate objectivity but when someone with an obvious alterior motive continues to deramp a share they are not invested in then the validity of their view becomes stained and begins to irritate proper investors. You have been attempting to deramp this share for ages and have fallen into the irritating bracket.
You claim to have non direct invesments in biotech and renewables but yet the only board you post on lse is Kier. Strange...
A sample of extracts from some of Steves posts.
1. stopped working for kier about 6 years ago, even though they still try to offer me work.
2. i have interest, as a possible client. But because of their woes its why i don't work for them,
3. i thought the rug might be pulled at 40p, but think now nearer 30p
4. I am trying to learn how it works, so i can do investing myself, rather than relying on third parties.
last but certainly not least my favourite one
5. I'm not invested here, and never will.
Relating to quotes 1 and 2, I pointed out that Kier had their prompt payment code reinstated so why not work for them? You ignored this question. Kier has obviously left a bitter taste in your mouth for some reason, will we ever know what it is? Unlikely. You seem to love Balfour Beatty, why not toddle on over there?
I have a new theory as Ive been trying to figure out what your angle is. I think theres a possibilty that your quest to learn actually started sooner than you are letting on and the quest to learn actually means a quest to learn how to short. Did you open a short when Kier was at it's lowest and have not been enjoying the journey to turn the company around?
Finally, yes the next 5 weeks will be interested. More so, the next 24/36 months. Holding out hope of a divi return at some point in the future.
GL LTH's
Steve + Hinkley = Stinkley. Listened to a hell of a lot worse derampers than stinkley when Kier was one of the most shorted companies out there and I'm still holding strong. People who are invested here know the risks and that this has substancially derisked since those dark days. Personally i'm kicking back and watching this tick up over the next couple of years.
Did capn Tillys not pass this week?
Thanks for the tip, what date are the results due?
Armanensia - Didnt do much research to be fair in my half hour research sesh but what I did pluck out was bitcoin and various crypto which peaked my interest as I do wish to invest in crypto at some stage, hence my 1st post on this page and my chosen oppertunity. After that it was the share trading pattern that screamed to me.
coincollector - thanks for your reply and advice on the re-rate. Ive watched shares im invested in dip and bouce while refusing to trade as agree with the fundementals and also spiked on one. Regarding the re-rate it's a 50/50 if you get spiked or not. Regardless with the volatility of crypto I feel that even if you get spiked you will have the oppertunity to sell or average down depending on how you feel about it at the time. As i mentioned Id like to build up a decent stock here with a new car along the way. Fingers crossed.
GL All
Read the article in December 2020 lol
1st time poster on ARB and an honest opinion, be gentle please. IMHO I think ARB is a traders dream as well as a LTH. If im correct bitcoin (which I believe ARB is heavy into amongst others) will be fully mined in 20years which will have either a massive up or downside, with the way currency is going and crypto and bullion being hedged id say probably upside. My funds are currently invested elsewhere with absolutely no wiggle room (thats aim for ya). Ive been keeping an eye on ARB for a month or so now and see up 10%, down 10% daily. ARB will be my no.1 trading pot once I get a payout elsewhere and have some spare cash. I'll be setting low buy limits and high sell limts on a daily basis as im sure many on here are already doing. Skimming out my initial investment and continuing with whats left on a long term basis with hopefully a few skims along the way for treats. See how that goes lol GL everyone and good advice always respectfully received.
Get the website sent to your employers! Ive just sent it to our SHEA team, we have around 20k UK employees and possibly half of them are front line workers. Would be a great contract for p2f!