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Why do you feel the need to mention that you are not a Steve 72 clone? How strange.
'Excessive' debt is mentioned daily on these boards, but I feel these same posters are blind to the fact that the share price has corrected and we are a couple of pips off of 6-month highs this evening - quite a turn-a-round amid a pandemic. We also learned on Tuesday from the update that there is significant liquidity headroom, so I think you need to reread the update. The hedge funds cleared off months ago; they got it - lots of posters on here have not. The Hedge Funds pushed it as low as 42p and then flew the nest. We are double that tonight. Hedge funds also front ran the big sell order that was Standard Chartered's toxic Woodford shares. Some made good money; others were late to the party short-covering, but they are all gone now. They no longer have Standard Chartered hammering it every day. There is absolutely nothing to lean on short selling this stock.
The board have now mentioned an 'equity raise' twice. Never a rights issue. The first mention was a possibility. In the recent update, Davies says they are 'continuing to consider a potential equity raise' - it's old news I am afraid second time around. It has had no adverse effect on the SP. We have rallied 13% since the update, and it looks like there are legs on this move up. With no hedge funds looking at selling, you only have the market makers and the odd day trader putting a lid on it when it is quiet. When the paper comes in, they back off. I believe we will start seeing some large green candlesticks on the daily charts over the next few weeks and if I were flat would see no reason to sell into it - it would be foolish.
If this "to consideration of a potential equity raise' turns out to be a rights issue" the company would be mad to do it now, and in my honest opinion it is doubtful with the SP down here. It needs to be way north of £1.00, perhaps £1.50+ and only with Kier Living's sale and a good set of numbers behind it - it would fail. I would be more concerned about a rights issue with the share price at £1.50 than what I would be at 84 pence - it's not happening down here. Why would Davies and his board, hugely incentivised do it when there is 'significant liquidity headroom.' They will become even wealthier if they get it right with the share options they have so for me it is in their interest for the share price to rise to start with getting the best deal for Kier Living; that we are just days away according to some newswires.
What an absolute load of twaddle.
I think you meant an unprecedented record UK infrastructure spend never seen before in the UK.
Guess who is well positioned?
Sounds to me like you don't want this to go up! Oh well - I'm afraid if that is the case you could be in a spot of bother here, it looks like the deal is almost over the line. Await the news shortly.
A reduction in the debt? and the news regarding a sale 100m+ being just days away. This flies tomorrow morning and it will take no prisoners whatsoever.
Let's hope the KL news has not been leaked to detract any bad update.
Could be a very interesting open tomorrow.
I came to KIE late to the party and have been trading it from both sides of the fence since we first broke £1.00.
I was starting to warm to Davies but after this week I think he has let himself down for hinting at an RI that probably will not even happen. Why not just publish the debt in the update? I feel investors would of been more understanding and took it on the chin owing to exceptional circumstances and looked ahead to the results.
I have heard that Kier Living is close to being sold from two sources, also the record government spend has avoided me going short again. I feel we would of made lower lows last week if the market viewed the 'possibiity' of a RI as a probability. The spend spend on infrastructure and the risk reward to the upside should KL finally get sold is keeping me on the sidelines - there seems to be some buying down here.