Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Surreygent, you could be right, the news of a sale conveniently released the night before the update, is this a attempt to steady the share price??, if nothing materialises of a sale this week, and for a good price the share price will get hammered. I think it will rise this morning anyway, but if results are not impressive, or don't enlighten much as just say 'in line with the boards expectations', i think it will be short lived. If the story on sky turns out to be false, an investigation should take place, as to who leaked the story and why was it printed, market being manipulated!!, IMHO
I might be wrong but, on cons enquirer, it puts balfour work secured in 2020 at roughly 680m in the uk, where kier were around 1.1bn, balfour may have secured your figure of over 8bn but that is future work over many years, not all in 1 financial year, or do balfour earn massive turnover yearly from the rest of the world??, still they have turned around and seem to be more profitable, kier may well be, but is it from using KL landbank and not from construction activities, then it could be a shot in the arm, but unless they invest in more land, for the future, it will only be a shortlived benefit
Take a look a look at balfour beatty, massive company who have turned themselves around, half the turnover of kier and now highly profitable, just proves, picking the right size contacts with good due diligence and good margins can do for a company, kier are still trying to take the massive high risk work, which end up being seemingly low profit /loss making, the sooner they get off that type of work the better,
Just be careful, i my opinion the debt totals around 968 million, dont get blindsided by end of month cash, as this is due to contactors in payments, so most gone again, and the rest is borrowed money anyway, the surplus profit they make every month, literally services debt, no real money to build the pot, well thats how i read it.
Yes that is funny, and I'm meant to be someone else on the other board also, lol,. I do read that one, but I'm not registered there. They are very extreme on there and make wild claims on both sides, to where the share price is heading. I form my opinions on working for the likes of kier and reading boards like this, which i have done with carillion and interserve. The lack of information coming out of kier is a concern, but all will be revealed soon. Kier IMHO will survive, but possibly not as a PLC,?? Wait and see
As i said on the 18th December, inflows of American money/investment, waiting for UK to leave the EU, Ladbrokes being hunted, and Wolseley been sold, agreed they were already American owned, is there going to be a white night for Kier.?? Who knows,
Also kiers month end cash is borrowed money, so debt really
Prepack administration with banks joining private equity, Hedge funds, clears/repackages the debt issue, no one loses their job, most of the ii have sold out their shares, it may not happen, but be aware of the scenario, as with any gambling, only spend what you can afford to lose. The shares will still keep bouncing around, until the 19th, bit IMO, it is definitely being manipulated/hustled, by the MM's
Be wary, if private equity are looking to invest in possibly the whole group, they are liable to take kier private!!, they don't worry about shareholders only their own, better if only looking at KL, but KL are building out sites, but are they restocking the landbank, if not they are lessening the overall value, that anyone will pay,??
To say they deserted is not totally true, they may have moved head offices and possibly moved of UK indices, but they in some cases still have large infrastructure in the UK, which pays wages and taxes into the pot, and could now regret the decision to leave and come back. Also it would be interesting to find out how many large global companies have come and increased in size since 2016, even without moving their head office to the UK, Amazon being notable as 1, even if not a popular choice
At this moment there is a lot of foreign inflows of money in to the uk, from Asia regions, and Americas are waiting IMO for us to leave the EU to spend buying up companies. That is why Europe are frightened to let us leave, look inward to Europe, it is only Germany that has money, France, Italy and others take more from the pot, that can be supported. Europe has held us back with who we can deal with and soon the shackles will be off and we can flourish, IMHO
My personal opinion is that kier is being lined up for a takeover, they've been getting all of their businesses tidied up and fully transparent to prospective investors. With the AGM a month later than normal and then very little info being given, didn't expect much anyway. I expect a major announcement at January results, that an investor will take on Kier, it will be interesting if they remain a PLC with all it entails or take it private, with the intention of rebuilding the accounts/business to then relist in the future to cash back out. It is my opinion that is what is going to happen to interserve. What it means for shareholders is the unknown, only time will tell
Not me, I'm not on there, but do read that board, the views on there are very extreme on either side, i did think it was funny though, and i have read agm from last year and it is used quite a lot. If you read the other board then you will have seen the post re profits of interserve and carillion in the year before their respective delisting
Don't expect too much info about trading figures tomorrow, but will be interesting how many times the word 'expectations' is used, and covid. KL sale would impact share price, from the rather large sells at end of play and the apparent lack of shorters in this share, would it mean the share will keep running around the 80p mark??
Lots of issues coming for contractors/house builders re cladding and fireproof materials, fire breaks between floors/walls, could impact all of the sector, 1 of the house builders already been found out previously if i remember correctly. Big news on 5live this morning