Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Snoop. I have not seen those forecast recently,but I am less confident now than I was a couple of years ago when they were saying the same thing, if not worse. In my view they have the right people, the right balance of workload and the right forms of contract with some inflation protection. They have improved their margins but unfortunately that gain is likely to be wiped out by interest payments, as the rate rises take effect.
I cant see dividends for a good while yet, so it seem very difficult to put together a stong investment case. I still have a large holding here but currently will not be buying more until we have some calrity over whether the government has a proper plan for the UK or only a 'cunning' one. At least for the bits it can control rather than the wide global issues.
I have a suspicion that Kier may try improve their average month end debt by asking shareholders to put their hands in their pockets (again). Who knows.
Thanks for responding. I found the statement in the RNS was given a degree of prominence and seemed to use the brand of KPMG in a way that was a little misleading, for me anyway.
I have everything crossed that this will come good but I am struggling to give myself confidence until someone takes Putin out of the equation. Thats the news I want.
A quick question for the better informed - How did EUA " recently" abpoint KPMG when KPMG "recently" announced that they had completed their witdrawl form Russia.
https://www.wsj.com/articles/kpmg-completes-exit-from-russia-and-belarus-as-war-on-ukraine-drags-on-11654709541
Steve, Meta. Good to see you back. Just a reminder, us holders were given the oppertunity to buy stock at 80P last year and the oppertunity to sell at over £1.20. No too bad and methinks we can do the same agin this year.
I think we need to see what the H1 results show on the 9th March. As a trading update ,it was a trifle flat but i note that it does mention having the ability to pursue investment opportunities. They will need to clear up the Tilbury Douglas merger rumours one way or another. In my opinion the balance sheet does not lend itself to an investment of that nature. Still I know knowt.
Obsessed - A little
Correct - Yes
A dude - not really.
Bad day all around on Friday. I suppose it was inevitable a dangerous mutation would appear. It still caught me with my pants down though. I had very little in cash at the time.
All the best.
TBH i am not expecting fireworks on Thursday. With construction output reducing over the last 4 months I think sentiment will be negative for this the sector, in the short term. However that should be seen in the light of the fact that Construction didnt really stop for Covid. I am concerned about some noises about the government spending on Infrastructure being not quite as great as they promised. Need the money elsewhere. However if Kier show they have improved the balance sheet significantly then longer term it should be a sound investment.
A lot of people will have made their money at the time of the open offer, and short term gains are not the order of the day. With 3 x as many shares in issue the days of £12 each are long gone but with the current management, and a fair wind I think £2.00 + is a target in the next 12 months. A drop below £1.20 nxt week will annoy me but i am hopeful of £1.40 on Friday.
Steve, construction on low margins has always been challenging and risky. It will certainly be no easier with the labour/Skills shortages that have been predicted for years and, thanks to the wonderful Brexiteers, now having an impact.
Longer term It seems to me that the constant re-development of London, that has kept me gainfully employed for 40 years, needs to come under the spotlight as part of the Carbon debate. My first projects are being demolished. London, in my view, is the greatest city on the planet, but it is the only Capitol city in Europe where you need all your fingers, toes and teeth to count the number of tower cranes on the skyline. Still that's a problem for the next generation.
I believe Thursday will show a steadied ship only.
Hinkley - With the successful open offer, sale of KL and a share price now 50% higher than the open offer and 250% on the lows, I don't agree that the market is unimpressed. The trading update was issued as promised on the due day and I dont expect any further news until the final results in mid September. As a recovery play it has performed well. The big gains may be over but Kier are well positioned to make steady progress from now on. There will be many challenges ahead but so far so good.
We know who the 121m placing shares went to. It is published with the prospectus. Some were already invested and, in my view, would have sold their existing shares rather than wait until tomorrow. If they were selling at all.
Tomorrow will be interesting and an education. I have no idea what to expect but I will have to make my mind up on what to do at the time. My account at the moment shows that I will have my full application amount. Which is quite few. I have already sold my previous holding. As have many I guess.
Steve. I was referencing those that would have been lucky enough to buy when you were spreading doom and gloom. Post covid I was buying from £1.04. I had to buy an uncomfotable amount down all the way to 50p to get an average of about 80p. I am not sitting on huge profits at all. I am sure that you can calculate the sort of paper losses I had at one stage when the SP was in the 40's.
Fingers crossed I will make a few bob with the open offer shares. It is just infuriating that others on here confessed to selling at losses as they were spooked by your comments pretending to know a bit. You do appear to enjoy preying on others insecuraties.
I have very little material wealth, but i am healthy and enjoying being a grandparent for the first time. I hope you have as much good fortune now or at sometime in the future.
Steve. I understand your frustration. It must be gnawing away at you that, had you invested when you first posted, you could have made 100% profit and now be just waiting for some 85p shares to hopefully make a bit more.
I have no idea what the price will be after the open offer shares can be traded. I was not expecting it to rise after the ex date. Like others here, I found the opportunity to bank profits was too great to resist and currently have no Kier shares.(until I get my allocation. I have applied for 100k but I am likely only to get my guaranteed number)
I am regretting selling over 50 k the day before the ex date, but it was the right thing to do at the time.
It would be appreciated if you could be boring somewhere else.
All the best.