Member Info for Thunder2040

Interested if you are short why you think this won't bounce? Or are you another who just jumped on with the rest?

Lemik, I am sorry but your interpretation of the balance sheet seems wrong. Net assets are total assets less liabilities. So including equity in your post is questionable? How about you jog on and come back when you have closed the short?

Clearly shareholder equity is returnable interest so there is a positive net asset value of approx 4 quid per share based on that? Again, whichever way you look at it unless you think the board are liars this is way way oversold.

With those disposals and the fact they are profitable...thry should be net cash positive in FY20! Also we have had holdings RNSs so I think this is PIs being scared...which they should not be. Happy to put my neck on the line for this call.

Unless there is a difference in calculation between y/e and month end net debt...something doesnt add up.

The group also warned on its debt. Analysts at stockbroker Peel Hunt had expected Kier to have £15m of net cash at the end of its year in June but now forecasts net debt of £60m. That is still down from £186m in June 2018, which partly reflects proceeds from December’s fundraising.

So honestly this price drop is insanity IMO

Struggle to see that this is that relevant. Would rather know what the net debt is as of now...I imagine it is significantly lower than £400m

The headroom on the bank facility is vast. This share drop is a massive short attack and it is ridiculous.

Dividend suspended. Large headcount reduction and disposals.

There have been some exceptional costs this year, the 25m on the hospital and the exit fees on thr loss making waste collection. Once they are out of the way the bottom line and cash generation will recover. This traded far higher before the balance sheet was strengthened by the capital raise. Price at moment is driven by fear they will run out of cash and go under. If the forecasts we have are accurate this will not happen...shorters are battering it down to make a quick buck. I expect a recovery...unless everyone just decides to try and stick the knife in and will it into admin through needless credit restrictions. Its about time the goverment started supporting major UK firms and gets its own Brexit house in order. Wealth destruction to benefit a few hedge funds is a crime.

You should know there is a lockin for unsubscribed shares....

You do not understand the business here. Most contracts are less than 12 months.

It makes a profit? Has done a rights issue and has cash.
.so what are you implying here?

In the context of media speculation. And refrain from the insults. Thanks

TCG according to media was worthless and going bust....it then doubled when actual news from board came. There are agendas in the media.

Well the point is who is running this company the board or the media?

Off a newspaper article, with no RNS? Wtf

I don't think they are true. This news could be back from pre rights issue. Certain media outlets have a habit of printing tat to sell papers.

Suspect to me. Just as this was recovering. Also, its currently a rumour...so unsubstantiated gossip.

The media drive a lot of sells. Comparisons to other companies in the sector are welcome but only if they have substance. Kier's pipeline is strong. The net matgin needs work but as ot is spread over many contracts, dropping unprofitable parts should see the margin recover. The rights issue was underwritten...that was a savvy move by the board and although it wasnt fully taken up the cadh wad raised and balance sheet was strengthened. I hope management can execute the plan they have and this should continue to recover in H2 and 2020. There are risks in the macro environment but that is the same for most UK co's at present and those risks help provide buying opportunities for those that are brave enough.