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The share price has more chance of going down than up, the headwinds of labour and materials shortages and costs, imo we are looking at the 2007/08 scenario all over again, America already slowing down, i have heard from some, that if there is a correction/recession, it could knock house prices by up to 30%, we are beginning to see the bankers, financiers holding off on lending monies freely to construction companies, which is why some large firms have gone to the wall lately, namely Cleveland bridge and now nmcn, do your own homework, i believe kier still have around 500m of packaged debt that is being serviced, ok at the moment, but could become a problem in the next year or 2, if construction margins stay thin, just my thoughts, and I know some won't like, but hay ho
The results will be interesting, but the forward projection and the rhetoric will be more so, the materials and labour costs are out of control at the moment, life in construction with low margins, is not a great place, next week will be telling
I haven't said anything about carillion in a very long time, probably over a year, so I don't know, where you've got that from, please while you are here, what is your considered opinion on the future in kier's world, like what the share price, might be, and the overall prospects of the company, start a debate
I agree, rizzy, there is a long road ahead, at least a sensible answer, rather than a pointless personal attacks , when all I am relaying as you just have, is the day to day headwinds, all construction is suffering at present, especially smaller firms, but the larger firms, depending on their contracts, may not be able, to pass on rising costs, and may be penalised for contract overruns, by lack of materials availability, imo
As I've said over the last month or so material shortages are really going to bite, it's a shame that through it, the big builders merchants are trying to profit, on the news tp are hiking cement 15%, up , bulk cement certainly rising 5%, there is a rumour bagged cement is liable to rise 7%, but nothing confirmed yet, so why 15%., all of these price rises will not be able to be factored in, steel and wood rises off, the dial. As I also have said before, watch nmcn, struggling in a very low margin industry. Kier have hit the sweet spot for refinancing the business, as if a month later, it could have been carnage, but on that note, I do believe there will be a sting in the year end results, expecting profits to be hit by material prices. I was expecting an update after the sale of KL, of extra monies being paid to kier plc for 'running it' from i think March 2020, any news on this I've missed
I'm ok, in principle with that, but within what timeframe, and does it does it count, if after the equity raise, 1 of the institutional investors finds that they have over say 30%, and launches a takeover bid, which will artificially raise the share, as i have predicted before, will it be at bid price??
Plant in Cornwall, without cement for 4 days, they are hardly going to shout about it. HS2 is sucking up large amounts of materials, as reported on construction enq, aggregates i hear, are having to be drawn from the Mendips, as the super quarries of Leicestershire and Derbyshire, cannot cope with the demand for graded stone for use in concrete.
Sorry, i would say that you are a bit derogatory, of the situation, i have knowledge of a large multinational, with their own cement operation, having to shut a concrete plant for days because of lack of cement, and the large multinational builders merchants 'on allocation' for bagged cement, approx 33%, being delivered to normal levels, it will bite
Next year ahead forecasts, it will dictate if, they have on their forward order book the flexibility to pass on these rises. Unfortunately so many large companies, omit this. With the shortages in supplies, projects often have penalties for non completion in an agreed timetable. These can be extremely onerous, all construction of all sizes, is facing a perfect storm
It will be a very interesting in the next year for all construction, the cost inflation and shortage of materials are in the next 3 months really going to bite. As for Kier with the next round of results, more important that profits made, it will be the