Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm involved in the healthcare sector; and nearly every hospital site I visit Kier are the main contractor or PFI operator, so they have a bountiful volume of projects - but yes - they've got to be profitable. Normally I would fill my boots when casdh allows, but I think this is going to fall further so will wait in the side line to see what happens for the rest of the week. As stated previoulsy and others, debt pay down is essential. Last week there seemed to be some buy in from institutional investors as the volumes were high, so was hoping a little confidence was creeping back in. Unfortunately they've already lost on last week's pricing. 40 plus p would certainly see me buying more - it is after all a long term game - and hopefully not another Carillion! I'd be quids down :( - c'mon Kier get some confidence in the market place !
Yep they've got a long way to go to bring back any confidence in the market........words are meaningless I'm afraid, and with little confidence in what they actuall say and release the only way you will get interest and confidence in this company is earnings - hard fast cashflow in the bank.
Yep surely we all just need to hold on - it wont be quick as history shows - suddenly there's a flurry of speculation; it all looks good; then the share price dips............you need cashflow in the business which means extraction of minerals and sales otherwise it's all pie in the sky.....anyway I'm waiting for it to hit £1 per share and I'll be a millionaire Rodders! Ha ha ..... no chance.
Do we think that 60p was bottom of the dip and now investors are starting to buy back in? I know I cleared up another 1k of shares yesterday at 60.3p - happy days. GLA.
Some big buys today.......... oh how I wish I had some spare cash, another week to go to see if anything left out of my salary :) and I'll be topping up GLA
Damn it..... knew I should have topped up at 63p :)
Dont get me wrong, I'm invested here for the long run but there's endless chitter chatter about 'all we have to do is start extracting' and in my opion we are nowhere near any signs of this.......... there's deals and agreements going on or exploratory ventures but nothing solid that's going to tell me I'm going to start earning off my investment. Always a punt in this penny share world, I'm not desperate for a return on my money but would like something to show by my retirement in 12 years time :) GLA
At the time of posting a lot of buys happening - but now a lot of sells :( Thought interest may have been picking up that's all.
Smashing the blues this morning, happy days :)
Thta's better a bit of a sea of blue buys :)
OK cheers - yes like you I have a reasonable holding (in my mind) but have been topping up at these levels, every spare £500 or so! In for the long ride!!
Some financial analysts have Kier down as a 45% chance of bankruptcy - is that likely? There's been quite a bit of offloading of volume of shares from what I wouldnt think are private investors. Should I be worried?
Loads of blue.......... bluemin' great :)
Slow and steady now........
What's happening today - no buys on the trade sheet I'm looking at from 9am to 12pm?
Lots of PI trades I suspect; mainly buys though.
Yes I think the market remains to be convinced that actual profits are being made, and the sign of a good investment will be the return of dividends, otherwise there's not much point in being invested here. Dont get me wrong, I'm filling my boots at these prices, but the larger stakeholders need to see a return on their investments, to which in the good old days you would receive around 50p per share per annum - a nice little earner. The longer the dividend remains outstanding will be the test here, as there's no real short term gains on the SP, so investment growth needs to be the dividend. The dividend can only be paid when debt is clear, and real profits are realised. The business model used to be generate cashflow through construction on high turnover and low margins and invest or loan that cash to the housing division at cheaper rates than the market borrowing. Now housing gone, and low margins in play, the only added value Kier can claw onto is their reputation and securing of multi-million £ Framework agreements. Profits are the market test. GLA.
On the up this morning! :)
The positive Steve my good man is that I'm topping up at incredibly low levels :)
Here he is again, Steve72, I thought he'd dropped off :) Mr Negative........