RE: Ref Kie26 Jun 2019 15:55
Tend to agree with IMIO regards his analysis. However I disagree with the likely outcome, as in my view, whilst the steps being taken are prudent and sensible, it remains to be seen how quickly they will be achieved. A buyer for Kier Living for example, may take some time. And the 55m savings from 2021 are great, but they are going to spend 56m to get there.
At some point there will be a requirement for cash. I see a highly dilutive D4E being one possible outcome, given the increasingly smaller market. But a more likely scenario I do think zero equity value here.
That said, there could be trading opportunities for the savvy in the meantime.