Member Info for lemmink

Bought 6k @ just under 84p ... holding 26k ... Roaring like a LION - —— RRRROOOAAAAAARRRR !

Bought 8k @ circa 73p ... holding 20k ... Rns looks like game on to me.

Bought 2k @ just under 67p each ... holding 12k ... the money incinerator appears to be operating effectively today.

Becomes new pm ... good bad or indifferent??

Look very reassuring - only had a quick look - underlying eps 13.5p they say

Hi Austin,
I’ve never tried talking to IR - I think it would only confuse me + I’m lazy.
Good luck with your position- I still worry about what the clever shorters know - but I don’t think it’s a given that these will go under.

Bought 4k @ just under 78p ... starting to get greedy but still rather worried

Over 4%

Bought 2k @ just under 94p — holding 6k - bit frightening

Thanks for your post - I had not considered changes to government / customer tendering requirements as a significant factor, possibly its a trigger for the mess? i think scrapping the dividend is harmless at worst and a possible life saver at best - im not convinced that actual underlying debt reduction has started yet - the 2017 accounts might be worth a read, as i know little about the McNicholas acquisition - i do worry that the reported underlying profit may be incorrect .

"With greater investor attention on debt following the demise of Carillion, our net debt position remains under focus. Net debt increased in the year, as expected, following the acquisition of McNicholas in July 2017" ... in page 14 of the FY18 annual report ... ummm ........... net debt at the balance sheet date (june 2018) was circa £185m but had ballooned to i think circa £625m at the end of october at the time of the rights issue ............ i,m still struggling to understand / identify the real cause of the rights issue and current problems ... when did they realise they had a problem ?? the FY18 annual report in as much as i have read seems to present a picture of "things are going rather well" ... with some mention of changing conditions ...

Bought 1k @ a little under £1.15 ... holding 4k

From note 28 in 2018 accounts ... The total of future minimum lease payments under non-cancellable operating lease rentals are payable as follows: .... blah blah blah ... totalling £260 million (£50m within 1 year)

is that it ??? circa £1.60 a share

Note 1 says ...
Impact of IFRS 16 The Group continues to work on assessing the impact of IFRS 16 ‘Leases’. As previously disclosed, the main impact of IFRS 16 will be to move the Group’s larger, longer-term operating leases, primarily in respect of property, onto the balance sheet, with a consequential increase in non-current assets and finance lease obligations. Operating lease charges included in administrative expenses will be replaced by depreciation and interest costs. The Group will not be adopting IFRS 16 early and therefore the first set of accounts prepared under this standard will be those for the year ended 30 June 2020.

Sold 2k @ 2.64 ish ... holding 5k

Sold 1k & a little over £1.32 inc dealing costs - holding 3k - I’m a wussy cat

The sale of Kier Living is expected to provide financial benefits beyond a reduction in net debt due to the release of associated working capital and a reduction in the Group's use of supply chain financing and off-balance sheet debt.

err - how much "off balance sheet debt" have Kier got ???

Bought 1k @ a little under £1.15 ... holding 4k — ready for a drop now?

Holding 3,000 shares - average about £1.70 - not sure what to do about it

Thunder 2040 - ok sounds like a plan :-)

Equity not automatically returnable - but i'm thinking a 10 for 1 rights issue at 40p might work?