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It appears the SP has been ' set/ agreed? ' by the market makers of the shares, clearly, to my way of thinking, the MM are waiting for news on the reinstatement of dividends and trading figures before deciding which side of 130 the SP should be. I think the SP will be substantially higher from these levels, barring any market correction going forward.
Only a few years ago the talk was about bankruptcy due to unsustainable levels of debt and higher interest rates than now due to the perceived risk. How times have changed? Given the improvements to the financial health of the Kier the SP should be substantially higher than the broker target of 210p.
It's been a rough ride the last few years but I feel the end of the tunnel is upon us!
So 5% of their holding sold, didn't see the volume go through, and nor do I understand why on this news the SP goes up.
Given the soon announcement on interim and full dividend payments and the healthy secured order book for 2024 and beyond, I'm personally at a loss as to why the SP continues to lag. Is the business model for profitable work so different from its peers?
With the imminent announcement of Interim and Full Dividends, you would've expected an upward tendency rather than this sideways downward direction. I suspect the Market Makers in the S.P. are hedging their own bets and not willing to risk bidding up the S.P. just in case - so the flip side of this is the announcement of better-than-expected news which would result in a substantial move upwards. IMO.
Yes, a very interesting point. Now K has revealed all its cards i.e. all financial details have been issued and scrutinized, K shows a very strong set of cards, a winning hand! - it's a nice feeling to be in there.
For no apparent reason, no volume of any substance going through on the buy side but SP rises 2.2% this morning for no apparent reason - interesting!!
Not sure why such a lackluster response by the S.P. Not sure what better news on profitability, reinstatement of Dividend, order book, visibility, and no threat whatsoever of company failure which was still muted 24 months ago, nor sure what on earth K needs to do!
Yes, it reinforces what we already know with even more visibility. Very promising ref recent acquisition. Bright future outlook and bargain share price at current levels - loads of upside.
'Get Brittain Building' - Racheal Reeves kept repeating in an interview this morning. She's also very keen on infrastructure post-cancellation of HS2. - Kier is a major player in Labour's plans!
Get's even better that institutional Shroders are adding to their existing holdings. Long may it continue!
Yes, it's looking good. There will undoubtedly be a pullback here but the momentum should see this at least 20 to 50% higher by the year-end. So for many when is it the best time to sell?Personally, I'm in it long-term and expect to start selling closer to 200p level - IMO
Yes, it's been a long wait but we have arrived. Sizable trades going through after hours above the 100p level. The big players can see value here and as we the existing shareholders have surmised for a long time the SP should be closer to 200p especially now with the known facts, i.e. reinstatement of Dividends etc. S.P. now needs a bit of momentum - all looks very promising.
These results overall are excellent. The S.P. is priced at levels where the viability of the company is in doubt, the slight increase in net debt masks the big picture of a financially viable progressive enterprise with substantial upside in the S.P.
Hopefully, the purchase price was value for money. Assuming Kier picked up a bargain this move will further add excellent value to the company / S.P.?
Turbulent times we're in and I would say turbulent times ahead. So a stock with an order book ( £10 billion and counting! ) mainly backed by the current Government and Labour should they get in is a compelling buy at these levels. IMO. Inflationary pressure appears to be abating which should give Kier more visibility going forward. Patience is needed here and we will be rewarded!
The jigsaw puzzle of pieces that is Kier is coming together nicely and the ' big one ' will be the reinstatement of Divi's which will propel the SP, future looks good - what a relief!
It's pure speculation but the way the SP has inched up over the last week the Market Makers for the SP must be expecting positive news. Has the company finally turned the corner - I believe it has ????
I'm not sure this is entirely correct! Since the sale of KL the negative balance on the books is working capital which is totally acceptable given the rising order book and the adjustment to in-house implementations carried out to make the business more profitable. I'm of the opinion the forthcoming statement should indicate the new ( profitable ? ) order of working.