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Genuine point. Didn't the Last RNS mention the £90million in sales/orders recieved which Already includes the UK goverment orders. Unless extra revenue can be generated the share price may jump Monday and retrace until be get an update on manufacturing and sales?
I have the presentation to hand.
Key points raised were some loss making contracts, acquisitions not fully integrated into the buisness, Growing too fast, Lack of unity in company due to multiple policies etc..many other points raised.
Going forward a minimum of 9bn order book to date,This will most likely increase as kier are winning contracts every month including the 150 million highways in the north west.
Focus on construction, Highways, Utilities and infrastructure part of the business. Focus on improved cash flow,Reduce costs and improve profitability by ensuring no loss making contracts are taken on going forward, Disciplined finance reporting within 5 days.
The vision is to be the leading contraction and infrastructure company in the next few years. Hence going back to basics.
1. simplify the buisness
2. improve cash generation
3. Strengthen the balance sheet
This is an overall summary there are some more specifics.
Same here I plan on holding for the medium term. a Close freind of mine works for kier and just this week they have all had a regional presentation talking about the future of kier addressing the debt issue. This is not a company that is going under and has potential for huge growth. I will be happy with £4-6 by the end of the year