Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
That is the problem Garry. The big question is IF the can will here in 5 years.
If they can sonehow turn it around and survive, a select few will have made a fortune over 5 years.
The big problem is that they bave not demonstrated how they will turn everything around.
The last set if results were terrible.
IMO, investors will be last thought and Kier will aim to end up like Interserve which would actually save more employees.
I don't know MisterPositive
I'm not convinced. Carillion and Interserve also had record order books at collapse.
Kier also have reduced margins as mentioned in year results. Also a lot of the orders are spread over years but Kier need cash now to pay off debt and interest.
We just have to wait and see but personally I don't think it's looking good.
https://www.pbctoday.co.uk/news/planning-construction-news/gayton-school-for-norfolk-county/84670/
Potential to reduce debt by 60k going by Kier margins.
What is the significance of 18th Jan?
AD, I think knew all along the situation. It seems to me as though all he is doing is just delaying as long as possible to keep his paycheck coming.
What really annoys me is how the ones who are responsible for this mess just walk away. The likes of Hayden Mursell who just walked into another role.
Same with the Carillion leadership. A bit of drama in front of a few MPs and that has now all been brushed away. Adam Green just signed up another role recently.
They should be held responsible for the companies major failures and ruining lives of so many employees. Seize their personal assets.
Steve72
In fairness to Kier, many of the big players are blaming Covid and using it to bring up any hidden cost issues which would have otherwise raised bigger concerns. Great opportunity to, only makes sense to clear off any negatives.
Kier have taken it a step further though by taking the option of deferred payroll tax along with deferred VAT. Evidently they are have huge problems but this only delays the inevitable. I can't imagine the government would allow a full years worth of deferrals. It only adds to the problem. Andrew Davies and Simon Kesterton have been dishonest by not including the these values into the main debt but majority of shareholders have seen through his.
Just check the post history. Westow is a sad individual who keeps posting the same upside potential comments.
Andrew Davies is a top class spinster. Mentioned the payroll taxes delay yet did not include it within the actual debt.
This is a sinking ship. The leaderships teams buckets won't do the job.