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Algorithmic markets often get ahead of themselves, I agree HUR is now way oversold and big bounce back up to be expected, also longer term, personally remain extremely positive here based on all the facts so far.
Kier is in the booming sector with little viable competition which has become even more evident post the demise of Carillon, also, borrowing is the cheapest it has ever been and many many companies are now increasingly utilising this ultra low rate environment, hence, Kier Group with it's truly impressive £8 bn+ order book (seemingly on improving margins) has IMHO a fantastic future ahead and the currently much undervalued KIE SP will not continue at these very depressed levels for much longer.
Analysts at "Simply Wall Street" currently have Kier Group "Fair Value" at £6.85, representing a massive upsides potential here, make of it what you will:
https://simplywall.st/stocks/gb/capital-goods/lse-kie/kier-group-shares#valuation
In full agreement with general consensus here, and needless to say that additionally an Update/RNS would not go amiss here at present!
An Interesting Read:
https://www.constructionenquirer.com/2020/08/03/causeway-to-help-jv-deliver-hs2-on-time-and-budget/
"EKFB is a joint venture that brings together international, market leading expertise from four leading civil engineering and construction companies: Eiffage, Kier, Ferrovial Construction and BAM Nuttall. All four partners bring specialist expertise in the design, construction, operation, financing and maintenance of railway networks, including the construction of one of Europe’s latest high speed rail projects".
Infrastructure spending has historically proven to be one of the best ways to kick start an ailing economy in difficult times, it creates much needed jobs by building and maintaining UK's outdated roads, bridges, railways, hospitals, schools, housing, ...etc...and providing much needed infrastructure services. Kier Group being number-two in the UK construction sector after Balfour Beatty (and please look at Balfour Beatty share performance only in recent weeks/months to see how undervalued KIE SP is IMO) is now extremely well positioned to participate and benefit from any increased spending which will eventually all get priced in this currently very much undervalued SP/Company with it's impressive current Order Book, new much improved management resulting in a now lot more efficient organisation here today with truly massive potential ahead, please DYOR.
"Kier secures 13 school projects worth £170m":
https://www.constructionenquirer.com/2020/07/23/kier-secures-13-school-projects-worth-170m/
I see anything below 120 as a grand bargain here and will be topping up whenever I have spare cash (as I did again today of ~12000 shares), I now see KIE in very competent hands (management wise) and working within a construction friendly and very low interest rate environment, SP is currently very much undervalued based on fundamentals and hence, can only see huge upsides ahead.
A couple of new KIE reads here in case on interest, also seems like the recently announced Stamp Duty Holiday should greatly benefit KL and thereby, act as a very positive catalyst for any potential asset sale:
https://www.pbctoday.co.uk/news/planning-construction-news/school-regeneration-in-swansea/79006/
https://uk.finance.yahoo.com/news/kier-share-price-down-93-080906597.html
Kier is currently much undervalued but certainly continuing on the right track, now the announced axing of Stamp Duty will also be a huge positive for KL going forward:
https://www.express.co.uk/finance/personalfinance/1305578/stamp-duty-holiday-uk-2020-autumn-budget-rishi-sunak-threshold
Peel Hunt and Liberum Capital brokerages have both today reaffirmed their "Buy" ratings for KIE with a PT of 200 reiterated by Peel Hunt post today's RNS update:
https://investing.thisismoney.co.uk/quote/KIE
"New government taskforce 'to fast-track building of schools, roads and hospitals'":
https://news.sky.com/story/project-speed-new-government-taskforce-to-boost-school-road-and-hospital-projects-12016437
Looks like everyone is finally beginning to understand the Kier Group turnaround story and the fact that KIE SP is currently extremely undervalued with truly massive upside potential ahead IMHO.
"Kier Construction has topped the tables of contract awards for May and the last 12 months":
https://www.punchline-gloucester.com/articles/aanews/kier-topping-tables-of-signed-construction-contracts
Personally, aiming for a ~500 SP overtime and happy to wait but would certainly not say no to 860 as put by Simply Wall ST! And certainly no doubt here on the extreme undervaluation of the KIE SP at present.
If comparing to last year (and with KIE SP currently being very undervalued), the fact that we've had no news/update so far could actually very good news IMHO.
KIE SP is just simply way too undervalued at present, and until only very recently, never participated in the recent relief rally, IMHO, truly enormous upsides ahead here going forward.
Kier Group is rapidly improving in every aspect and IMO, over time it will have a MC much closer to that of Balfour Beatty (£1B+ at least, BBY MC is today ~£1.8B).
Simple conclusion based on all the above can only be that KIE SP is currently trading way way below fair value here, hence, prepare for massive upsides going forward.