Member Info for Metamorphosis84

Muddy Waters short attack on Burford turns out to be correct and not unwarranted see Burford results

Short attack on NMC...

Go figure

Some interesting analysis today, looks as though the day traders are on their way.

Expect this BB to get busy again.

FAFH hi

It is not one that gets me excited to be honest

Had this as a strong sell a few weeks ago.

Have I changed my mind?

No.

"Is a sale imminent?"

Who knows, there were folk here predicting an imminent sale back in September

"What kind of price will we see?"

Pick a number, any number.

Surely the more pertinent question is how long can they carry on without selling KL? And what might an alternative cash raise be?

Its a fair point you make IMIO, although, I must point out, that if board members did start buying shares, I would be pointing to IRV (and others) where board members did buy shares a matter of months before delisting.

Yes it could be a demonstration of confidence, but not always.

And on it limps.

What news of the Kier Living sale? I assume still progressing well.

So a few thoughts from today's (non) events.

As IMIO has pointed out the SP closed rather close to yesterday. This is the third time a trading statement had followed an accelerated decline in the SP. On other occasions 1st Aug and 15th Nov last year, the SP started to improve. Will that happen a 3rd time?

Second point, the 'news' of the 1200 headcount reduction, well we already new about this, but today they stated projected savings of 60m, up from 56 that they previously stated. Good news, albeit, they won'y enjoy the benefits until 2021.

The Kier Living sale really does seem to be a puzzler, is it going to happen or not? And how long can they continue with vague statements of progress, surely this has to resolved before the March results? It seems inconceivable that the market is going to continue to be assured by rehashed and repeated statements at sum point surely clarity and detail will be required?

Move along, nothing to see here....

They have played the trading update card before, last time quite successfully. But have they just put the joker on the table this time?

This link may also help IMIO

https://citywire.co.uk/funds-insider/news/woodford-hands-over-last-fund-to-aberdeen-standard/a1307287

In answer to your question, it *looks* as though they are reducing their exposure.

Nevertheless, not withstanding the recent slide from £1, today's sudden acceleration would suggest something is afoot.

He he you are all over the place (or have a short memory)

On the 8th Jan you come on this board asking:

"any official bid coming soon?"

Two days later (after having bought your shares) you claim that a bid is incoming, but you can't be bothered to explain?

But you can be bothered to come on and insist that you are right.

This is amateurish ramping.

Ha ha brilliant the old "i do know i'm just not going to say" . Bang to rights pal

Ha ha fair enough, though a simple "I don't know" would have sufficed.

I notice on 7th Jan you said "3 will be here in the coming sessions"

I am sure the link between you buying shares and suddenly pumping this as a take over target are purely coincidental.

I am sure this is just coincidence.

See this a lot with bombed out shares. What would make anyone think that:
1.a bid is likely to be incoming
And
2. A bid will favour PI shareholders (given the relatively low percentage of shares on the open market)

With housebuilding arm.

According to Construction Nees

"Kier has injected almost £164m of equity into its housebuilding arm to deal with inter-company debt and try to prepare it for sale.

Kier Living issued 163.8m of new shares on 19 December, with parent company Kier Group PLC paying £1 each for them, taking the value of the share capital in Kier Living from £65m to £238m.

The move allowed the housebuilding business to repay an inter-company loan to its parent company, removing it from its balance sheet. Kier Living’s most recent set of accounts for the year ending 30 June 2019 showed it had loans worth £146.1m, down from £159.5m the previous year.

A spokeswoman for Kier said the move was part of contractor’s disposal plans for the business. She said: "As part of preparing the business for sale, Kier Group PLC has replaced the intra-group loan provided by it to Kier Living Limited with a subscription of shares in Kier Living Ltd."

Applied Value analyst Stephen Rawlinson told Construction News: "It’s a technical thing [...] and it indicates one thing – that they’re organising their affairs ahead of a sale."

Kier’s spokeswoman said the debt swap with the housebuilding arm had no impact on the group’s overall net debt. In its results for the year ending 30 June 2019, which were released in September, the company’s average month-end net debt was £422m. Chief executive Andrew Davies has said that selling Kier Living will help to reduce this and also release working capital tied up in the business.

The contractor has valued Kier Living at around £120m. It was reported in December that a private equity firm had made an offer of less than £150m for the busines"

Share price range to trade starting to emerge. Somewhere between 80p and £1, until news emerges regarding Kier Living/alternative cash raise?

Interesting to see how ii's are positioning themselves at the moment.

I wish he would come back, was good for a laugh

I told you this was heading for junk stock status on 25th September.
It was a strong sell then.
Its a stronger sell now.

Quite a while since I was hounded off this particular board by that Heshopeless character. And others.

Still short closed and more candy taken from babies.