Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
https://www.constructionenquirer.com/2021/10/11/turned-around-kier-tops-september-contracts-league/
Not hugely significant on it own, but all these news articles are telling the same tale. The ship is heading now in the right direction. The other significant part of this story is that the market is also prepared to enter a contract with Kier. Having the best value tender is one part but the Customer also needs to accept.
Each of these companies met their demise very differently to each other, no comparison can be drawn between them or with Kier really. A "a shrinking ever tightening margin marketplace", on what basis do you make these claims? Yes prices have gone up as well as labour. But well managed & run companies plan for these events & make preparations early. The majority of Kiers contracts are 12-18 months long, so any pain is minimal. Longer contracts & larger civils projects will probably have indices that are controlled by market forces. The indices goes up, the rates go up. New contracts currently being tendered will have a larger fixed price element to cover these rises. Everyone is affected, Kier are not unique but they have just had a full tree shake down of all their operations so should be in a better position to deal with it.
As for the dividend, has Kier not paid a dividend in the last say 2 years when they said they would? Have they said when they expect to start paying a dividend? Until they fail on the projected date you cannot pass comment, even Steve72 will not make them pay one earlier just because you want one.
Steve, please find another board as you are doing what's left of your credibility no good at all.
Your £498m includes lease liabilities, which is normal within any company. Exclude these you have borrowings at £362m. The other 'add-ons' are also perfectly normal. Show me any other company that does not have a borrowing facility.
These borrowings of £362m are due after one year & are included in the overall Nett Cash/Debt calculation. The clue is in the title, "Overall" Nett "Cash or Debt" calculation. Accounting for this borrowing Kiers Overall Nett position is £3m positive, from a negative of £310m last year. If they did not include it they would be even more cash positive. But they have to & they have.
Lets hope they like it.
Seen many times before, results in line with expectations; turnover up, profit up, dividends up, order book up - and yet the markets say no and the price goes down a notch or two.
Then on the flip side with with apparent reason the price takes off mid year.
Anyone got a crystal ball?
Steve, maybe for smaller contractors but this has been on the radar for a while. It's only news now because you can't buy cement in Wickes. Any contract being entered into will have forward fixed price element included in the sum. Unavailability of materials is different & there are often contract clauses that buys you time in these instances. Larger projects hitting the ground now will have had their major packages already procured. The supply chain in turn would have ordered the materials from the suppliers by now as well.
If there's one thing I've learned over the years is that the share price rarely does what you would expect it to do upon any news release, but often has bigger swings when there is no apparent news. These two companies are a fraction of the size of Kier, there are these stories and the opposite about every week. The sector is sound, Kier just need to be in the game which they currently are.