The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I've held these for so many years but may have done the right thing and cashed in. I think it has peaked again on no news and will sink back again. At which point if it does I will buy back as I believe in it. I probably should have done the same thing so many times before over the last five or more years.
Quite a lot of buying activity, is it just that that has resulted in near 9.5% rise?
..and he walked away with more money than you might dream of....
The shares were in that sorry state before he started. The company was pretty much broke. No investment in internal infrastructure in years, Daft investments in the Middle East and consultancy firms. A belief that public outsourcing was going to continue on the up. Bundled outsourcing by councils would continue, etc.....
1p a share was correct and they chose not to accept so it was sold to the banks the same day. After that it recovered with some sound management and investment. I suspect Kier will end up doing the same. Like Mouchel there are more elephants in the room than you could suspect!
I hold shares in Kier and Woodford so not happy about developments but know quite a few of the facts.
2020 vision was meant to have the share price up around £20 or £30 I think from memory. I'd need to check back to confirm that but £5 was certainly not what they were meant to be aiming for.
Haydn Mursell should go, perhaps they could persuade Grant Rumbles to come and help out?
The Kier 2020 vision has been shown to be totally flawed. They continued on a reckless acquisition strategy when underlying performance did not support it. The CEO is making the same mistakes that pushed Mouchel over the brink some 8 years ago. They've got rid of a number of senior staff in a hope to stem the overheads but I doubt it will be enough.
I've lost over 50% on these idiots.
Bunch of crooks?
A good few days so far this week. I'm probably only in for the medium term. It seems to be going the right way at the moment. I came in at 237.45 and I still expect to get to the 300 mark.
..and still going up?
Not huge volumes but a lot more buying than selling...
Quite a lot of buying so far and a decent rise in SP.
I agree with most recent broker views and this should go back over 300. I believe probably within 6 months. So I've just got in at this level... http://www.hl.co.uk/shares/share-research/share-tips/press-tips/sunday-share-tips-bp,-wincanton