Member Info for hansthedude

Steve, you literally just wrote gibberish there, there is no "why" it's just 'what' the equity raise mentioning means.
It's safe-guarding for the future so no decisions seem 'rash' as they can default to "we told you so months ago that this was a possibility".

you say "if everything was sorted/turned around", yet the statements regarding an equity raise, were before any such 'turn-around'...

Surrey doesn't even mention anything regarding hedge funds & large institutions owning shares "now"... he says they left a while ago... and that now they are at the minimum holding what remains.

The board has been careful about their publicized wording for the last entire year...

and stop with the conspiracy theories within your end statement there... honestly... the chances that so many vastly diverse sectors people's interests overlapping is ridiculously unlikely.

IMHO over these next few months, even more so with an official KL sale, this stock will rise.
DYOR

Sorry if this seems very ignorant, but if I am wrong, can someone educate me on why.

With a large share holder selling a chunk of their stake(Standard Life), doesn't this reduce the possibility of a share issue?
Since Kier announced a while back that the main cause for even mentioning a "potential rights issue" was an "equity issue"...

Am I thinking about this the wrong way?

For those who don't know me, I am a long time follower of Kier - circa 2 years now - that is just for context on why I may take the stance I take in the following paragraph.

Today's RNS was I would say, everything we were hoping for. A news title that followed seems to have completely misrepresented what was said in the RNS by titling itself "Kier ponders cash raising as COVID-19 hits revenues" - I would say this title makes it sound like the company is in dire shape, hence some of the hysteria we are seeing here today. If people opened that article that then goes to quote the RNS, you'd notice it doesn't even slightly hint at any kind of aggressive "cash raising" that the title would have us believe...

Now is the last chance for those would haven't invested yet to get onboard the train. We are going places.

For those of us long-time investors, a time to bring down our weighted average price.

Also as a side note, when reading posts here, it is important to know who you can trust, because many names I've seen today I've never ever seen before, and I update myself here every single day of the week.

Sage is I would say one the most trustworthy names to listen to, and I'm not saying that because he is very clearly 'pro-buy' but because he has been here for months, posting his thoughts on circumstance updates regarding the company and his personal views, every step of the way.
If you see a new name spouting some nonsense about 'now is the time to sell' 'this is the end of Kier' '60p time!' (I'm paraphrasing), then they are simply fearmongers who have barely done their own research.
I don't want to delve into why this is a good trading update, as many many others have already done so.

I end by saying, I may be 20 years old, I may not have the recorded experience many of you reading have.
But an investment in this company is a no-brainer.
Thank you for reading.

@soleman1 Very possible - IMO the new cabinet would be very careful with any extra debt they take on - we'll see.
Again the financial statement will be the catalyst for movement either way.
Do keep in mind - if I remember correctly - construction firms never ceased operations at any point throughout corona. There was that pay cut, but again - if I remember correctly - didn't affect 'in the field' employees.

IMHO whether KL is sold or not - either outcome can be beneficial.
Of course we'll have to wait for the financial statement to be sure - but lately we have seen major reworking to sort out the debt. This would mean that KL does not necessary 'have' to be sold, and can be an extra stream of high yield income in the future. (could be another reason why they haven't rushed to sell it)
In the opposite scenario - KL is sold, it will most likely cover a solid portion of the debt, and such a move would most certainly set off the fireworks, but be less beneficial in the long-term (1.5/2+yrs).

To clarify cringsing's "3x size of Kier" - that is with regards to employees.
Personally I prefer to look at the financials of a company; 2018 figures (quick google search) show InterServe at 2.7B Revenue vs Kier's 4.5B. - and those extra employees weigh hard on their profits. - considering they earnt half the revenue, half the debt is a given wouldn't you say?

But im sure your main point was to keep alive this recent murmur of a potential 'take-over', personally seeing the current climate and previously stated by another member here : companies are seemingly attempting to hold their cash reserves, and not splash it on a business with even a shadow of uncertainty.

@cringsing - albeit true, most businesses in this sector have debt much alike kiers, main issues arose when the company was taking on 'loss' contracts which caused it to build over time. Now the new administration seemed to have righted the ship regarding this and are no longer taking on such contracts.
Someone previously posted a comparison to BBY - IMO the upcoming financial statement will assure everyone and then result in a massive upswing, GLA

https://youtu.be/0qj67KE5VXI?t=50 (starts at a timestamp - no need to watch past 1:15)
This must be how many of us are feeling - especially considering this rise is not accompanied by any news.
Personally have very good hopes regarding the upcoming statement.
Here's to a good day

For the first time in a long while - kier broke through to 84p (buy price), and attempted to maintain it for a solid 30 mins, it occurred again an hour later, but instantly was dragged back down. Could this be the start? my guess is the financial statement we receive later this month with tell.

Just to inform all as I didn’t see it mentioned here yet -
If you read the financial report regarding the dividend that was published by CAL - in reality the dividend for UK investors is 8.8p as there is a “20% withholding tax”, if I am mistaken - then it’s more pleasantries than surprises - but this is what I understood from their statement.

Example of earnings :
At 130p - £1000 investment would grant you ~£67
Still a solid 6.7% even with 8.8p tho ??