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djframboise, Fully agree here; Peel Hunt brokerage currently has a 200 PT for KIE SP which IMO, will be upgraded in their next update. Overall conditions are now in place for Kier Group to regain some of it's lost status and SP, I can now easily see 200+ this year alone, IMHO.
In Feb, KIE SP went up to 150 level in a matter of days, and then due to the outbreak of Covid-19, KIE rally halted, I also agree and can see 150+ here in a short time as many elements including, new improved management, contracts and margins along with historically ultra low interest rates, easing of lockdown rules, increased infrastructure spending........and needless to say, KIE SP extreme undervaluation today, all very much favour KIE going forward IMO.
It certainly looks, and smells like ex-Woodford fund selling their at one time ~14% holding (now must surely be much less%), and it does also feel like we are now either at or very close to a bottom here, time will tell for sure!
GLA
And still more work for Kier:
https://www.theconstructionindex.co.uk/news/view/flood-defence-work-for-kier
Youngbutgood, That makes good sense, most other stocks have been playing catch up post their Covid-19 drops while KIE SP for some reason (likely a main seller at hand) has remained stagnant which is what IMO makes KIE now such a compelling and fantastic buying opportunity.
Another very clear sign of KIE progress here IMO.
KIE shorts seem to be further and further reducing their positions, and now stand at only 1.40% as per ShortTracker data:
https://shorttracker.co.uk/company/GB0004915632/
KIE shorts have now even further reduced their positions, and currently stand at only 1.49% as per ShortTracker:
https://shorttracker.co.uk/company/GB0004915632/
ULVR has potential to easily more than double from these levels, SP has hardly moved in the past 3 years and if analysing it historically, IMO it is soon due for big moves here going forward; ULVR is an excellent long term hold with massive potential from current much undervalued SP levels.
HUR is now way way too oversold, shorts fully realise this fact and will plan to reduce positions ASAP, massive upsides here going forward IMHO.
Also added more ULVR today, great diversified global company, efficient, well managed, and much undervalued with fantastic proven brands IMHO.
As lockdown procedures are globally eased, gold seems to be loosing it's lustre, at least for now.
HUR SP is now much much more than a value bargain, markets always eventually correct themselves and when that happens, truly massive upsides are here to gain IMO.
KIE short positions have just been further reduced to 2.46% (last reduction in position on 22 May, as per short tracker below ):
https://shorttracker.co.uk/company/GB0004915632/
Zorro, Don't forget that Kier share price has generally remained fairly steady even on pretty bad market days, and during the past few months, even when markets have been in huge turmoil, KIE SP has surprisingly remained stable which can only be a good sign IMO, all we need here now is some news flow/positive update to significantly move up the SP from here. Also the fact that so far we've had no news when looking back at last year could be another good sign, and no news may soon prove to be good news!
Thanks for the interesting info/update here marked10, KIE certainly looking very positive going into next week and post the long weekend trading, wishing all a great weekend ahead.
And more ongoing work by Kier:
https://www.thetelegraphandargus.co.uk/news/18456797.work-begins-today-new-15m-leisure-centre-spen-valley/
Since trading well below fair value at present, Kier is also ripe as a takeover target with excellent premiums in any potential offer price IMO, maybe that's another reason why shorts are fast disappearing.
More positive news flow on Kier, particularly interesting to read Kier client feedback here post a timely project completion "despite the coronavirus pandemic" and Kier winning an award for same:
https://www.thetelegraphandargus.co.uk/news/18451413.dixons-sixth-form-academy-douglas-mill-completed-time/
IMHO, the demise of Carillion (CLLN) has reduced viable competition and thereby, created lot more opportunities for Kier.