Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's amazing how many transactions occurring daily, with very little or no chat! Most trades I would suspect tend to be PI's or employee trades, with little volume by institutions. If you tested the water over the past 12 months and dipped your toe in at 50p levels, then are people takeing a reasonable profit at 80p+ levels? It seems a bit stale that no huge transactions either way are occurring and PIs are trading the market. I'm keeping firmly invested. The dividend would be great but as mentioned in here is probably a couple of years away from returning. Somewhere around £3 would be a very nice return. GLA.
Lordy lordy, now with KL finally sold can we all move on and not discuss this anymore? Cash injection / debt decrease / dividend on its way back? Rights issue would be a dilution of value but they've sprung back from this before - Hanson buy out at £1 per share got a 10 for 1 issue, then the shares reached £15 plus...........nice little earner Rodney..........long term game here
Anyone absolutely bored stupid about comments on the sale of Kier Land? It's not happening. Whilst that would pay off some debt, they'd also be stupid to get rid of valuable land and housing stock sales - that was where all the investment went years ago, small margins on construction but big cashflow = low borrowing for KL for developments.
Debt is the albatross here - get rid and quick.
Yep topping up nicely, another 100k plus today - keep it coming :)
Noted on the mbo - good call.
However, accountants are just number crunchers, they dont understand the finer points of construction; risk; exposure. Being accountants you'd think debt clearance was paramount, and will be if this share is to recover.
30p a share?!?
Still a flurry of private investor trades buy or sell - no big investments coming through as yet, and more likely holding positions as their buy in would have been far greater than the current pricing levels. In short, they have to remain invested institutionally as selling out at these levels would incur severe losses. However, there appears to be a pause to 'fill their boots' at these prices and grab what I see as a bargain. Roll on divi-land! When will that be back? Long way off yet, but when it comes it will be more than welcomed. GLA.
Mainly private investors buys and sells today by the looks of it - no big players either way
Sitting tight, hoping to see this move steadily upwards - next big step would be to break back into £1 territory :)
Who knows? Then your world is your lobster Rodney!
Absolutely. This ship isnt sunk. Hard to swallow the debt position, but it will be traded out IMO. Just a waiting game.
Damof - yes agree - its a long term investment, and with a return to dividend payments (not sure when or how long away?) you can be very well placed to earn on this share. Sure you can have your sharesave money back, but I'm talking about the employees that invested 10 - 15 years ago, those levels are unsustainable and lost - the best return on that investment is dividend and/or additional shares. I've topped up at 40p+ levels and cant wait for this to take off, holding my investments for the dividend returns (whenever they arrive). With a personal holding of 35k shares, a 50p annual dividend will come in very handy and I would absolutely look into building my position. GLA.
Yes the staff must be truly disgruntled buying in share options at £10 plus for many years.
I believe this share will revert to plus £1 but its years away from the heady heights of £10 plus.
There's more volume on buys than sells, with sells probably being the likes of you and me small time investors. If I had more money currently I would be filling up. Sadly I'm all in at present. Just waiting on SYME to turn a reasonable profit and I could be topping up on KIE. I am enticed by the real prospect (hope) of getting the dividends back which could provide a nice little retirement income if they ever get back to the 50p p.a. levels of old. Either way there's still a long way to go with KIE and they've got to start showing better trading, not just better turnover - profit is what is needed plus debt repayment - then they will be on the boat to happiness. GLA.
Yes my concerns on building my position go back to the Carillion days and I lost out. I truly hope that Kier will not follow that route. Every company like this has debt, its how you get out of that position that's crucial - you should be operating your way of it and not purely relying on selling off assets, that diminishes overall value. Looking forward back to the days of dividend, as this could prove to be very beneficial based on how I have been able to build my position at 40p's. C'mon Kier let's get this sorted!
Steve 72 - absolutely there are no minnows that hold the same regard for H&S as the big boys, and certainly Kier do. You cant f*rt on site without having it risk assessed first. They are huge investors in the safety of construction sites, but that comes at a cost in terms of policing; and implementing measures - if they truly priced a scheme based upon their H&S strategy they wouldnt win any contracts. So, by skinning the bids they have to also look round in how to make significant savings to pay for the H&S requirments imposed by Corporate strategy. Invariably the poor subcontractor loses out.
However, the project will be delivered safely.
There's huge upside to this SP in my opinion, i'm in and staying in, waiting for the return of the divi so I can own even more shares. GLA.
Nice for you......I'm just a minnow in this my 588k shares cost me £1.3k; I've banked £2k and shares still worth £9k.........yipee! Still holding, let's see what today brings :) GLA.
Eff me Tom you're sitting on a small fortune :) I'm hoping UFO will motor in the same direction as GGP and I too could be sitting pretty - ATB.
Yep been in the same boat via Arian, but bought in steadily at the low pricing circa spending only £30 per month, but building the volume, now holding over 500k shares so waiting to hit 1p! 11p would be even better!! I wont be bailing out for anything less than 1p. GLA.
Its a buy from me at these levels and I'm topping up monthly as spare cash allows.
However, language such as 'hopefully' 'should' 'could' are not definitives in investing your cash for steady returns - its a risk - but one I'm willing to take so as when they get back on form, I believe the share price will motor and return of a decent dividend will yield more shares as I reinvest. If only I had a spare £10k, I'd be up to my n**s in KIE. GLA,
Nice rapport. I believe also the stock is under-valued as this was a business with large cash reserves and good cashflow in the heady days of £15 per share. Restructuring and debt has to be stabilised, else great workload and turnover is cancelled out with minimal margins and returns. Average contracts see very low profit margins applied to win work; and where do you then gain or make money from? By either subbie bashing or changing specifications for lower or inferior products (let's face it they cant be equal or approved or else they wouldn't be significantly cheaper). Kier are aggressive with their supply chain (but certainly not the worst) to drive costs down to achieve greater profitability. Without profits there's no point in trading. I believe this stock will recover, and am happy to build at sub-£1 levels when cash allows. No doubt some selling of assets could assist in reducing debt; coupled with re-structuring of regional businesses as they have an inordinate amount of offices across the UK. Frameworks appear to be a good strategy for securing workload over a number of years, but again, to bid and win these the declared margins are initially low as a 'foot through the door' strategy, then re-pricing can ensue to achieve betterments. Good luck all, but I'm staying put at least until 150p, and even then, may keep the majority just to get back in on the dividends when they are back on track.
Sure thing Damof……..