Member Info for Metamorphosis84

Short tracker has shown shorts to be reducing recently from a peak.

Its an interesting one here, look at what the board are saying, compared to the numbers they are reporting.

A chairman that is leaving, with barely any comment.

Totally mystery surrounding Kier Living and or the Residential business.

A number of times the RNS states "the sale of Kier Living is progressing well" without offering any detail.
Then, it says:
"As at 19th September, the Group has received a number of offers for its Residential business"

So.

Is "Kier Living" and the "Residential business" one of the same thing, or two separate entities?

And furthermore, if an offer has been made, why has the board declined to report the detail?

Pretty good odds, going up into the Webinar.

Lets see if difficult questions are asked and answered.

"Restructuring costs (£56.4m)

The Group has incurred restructuring costs in the year totalling £56.4m"

That's 400k more than previously forecasted.....

"Working capital movements resulted in an outflow for the year of £182m (2018: outflow of £17m)"

Absolutely huge outflow, massive

Looks positive to me too, as long as all the exceptionals are ignored

Waiting for the results, but before they come , RNS has been released to say the Chairman is going.

Auson, seems you are wiser than I gave you credit for.
Back on June 17th, Kier Living was put up for sale, the board informed the market:

" The Board has therefore determined that Kier Living is non-core and has commenced a process to sell the business. In recent weeks, Kier has received a number of inbound expressions of interest in Kier Living. "

It begs the question, how can there have been expression of interest in KL in the weeks BEFORE it was put up for sale? Well if the article is to be believed, then we now know.

KL was put up 3 for sale 3 months ago. The board has informed the market that there has been "significant interest" in its purchase. At some point, this information has to come out, is a bid going to be made or not?

What are you going on about?

The divi HAS been suspended.

Do you not read the Rns's?

Congratulations Thomas Cook, who will most likely realise zero shareholder value very soon.
Congratulations indeed.
Note, Debenhams are 4th and they aren't even listed anymore.
Well done.

"so once they sort out Kier living and other things they will have no debt."

Speaking of which, what news of the significant interest in Kier Living from 1st August?

"but it's nice to know MA is not giving up on us small investors"

Ha ha ha ha ha

You reckon that's his motive? How very thoughtful.

Oh, and ha ha

The quotes are literally provided within the context of the RNS released to the market!

They couldn't be any more IN context!

Are you sloweth of learning or something Piles?

Whocares,

It not me being negative dear fellow.

They are direct quotes from Kier RNS's, released by the board.

Bunsen, as this board is quite dominated by day traders (nothing wrong with that btw),rather than taking the opinions of those here on Kier v Costain prospects, try reading recent RNS's and form you own conclusions.

Personally, i would cut through the nonsense that the BODs give you with soundbites, so thats "Future Proofing Kier" and in Costain's case "Leading Edge Strategy". They are as meaningless as Interserves "Fit for Growth"

Go straight past all that ****. Instead go to the bits that for Kier say

""the Group today has debt levels that are too high."

And for Costain:

"The Group continues to have a robust net cash"

Then look for other nuggets like Kier

"The Board is suspending dividend payments for FY2019 and FY2020."

And Costain
"the Board has declared an interim dividend of 3.8 pence per share "

Bunsen, there is so much information out there that the BODs have been required to LEGALLY INFORM THE MARKET. Read it. Quite literally do your own research and I guarantee you will he happier in your investment decisions.

Tasty, as in around the all time low levels?

And recommended by HL, just like the Woodford fund.

Pearls, tell me honestly, how much success have you had in buying basket case stocks?

And, assuming that you have been hitherto disastrous in your purchases, what makes you think your 'strategy' is worth pursuing?

Devon its a bit futile trying to help someone who appears determined to set their capital on fire, as appears to be Pearls' strategy.

By the way regards TCG, the board itself has warned of significant dilution to existing shareholders. Ignore at your own peril. (I am sure in Pearls' mind this is the big green flag to buy shares)

I had been wondering how Pearls even manages to log on to this BB to write this nonsense, yet it appears the fella is even having trouble with that.

HS2 news out.

Tank.

A good RNS. Most importantly a strong balance sheet and cash position.
The reduced turnover, profit and pension surplus makes the recent SP drop quite fair in my view.
A sensible dividend and diverse work bank makes this a buy for me, but I expect this will be a slow recovery.

"No idea what todays RNS means"

This is why you probably shouldn't be buying shares.

Retrace to towards 500 is on. Would look to see what happens then before buying.