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It appears there is finally a support level above 70p and a consolidation at this level without any apparent significant buying. This I feel is a positive for the SP going forward.

No skeletons in the cupboard! This stock is really a recovery play now. It's been a rough ride over the past few years but with the current status of the company this stock can only be view as a compelling buy for future growth and profit compared to it's peers.

There's been disappointment recently in past Trading Updates, but given the success in contract wins and the period of several years that the company has pulled itself out of a very deep hole we really should be able to expect fairly decent figures which hopefully will reflect on the SP?

I completely agree with you ( Carrington ). If someone was looking for value stock with the transparency of forward projects and earnings, KIER would be up there top of the list.
I don't understand the unhealthy interest of some on the site, yes the glass can be either half full or half empty, depending on your view, but not near empty when nearly full!!!!

It was obviously a positive day all around for stocks yesterday. It was comforting to see the bounce in the SP with some notable buys. This indicates the oversold status in SP. There's a realization generally and more notably by institutional investors that there is value at these levels. Long may it last.

On what basis can you say the SP will hit an all-time low? Providing there are no skeletons in the cupboard and the projects taken on have had the due diligence of the management in terms of profitability, the conclusion to be drawn here is that the SP will come off these low levels.

Is it likely the highly experienced management team at Kier is totally incompetent in taking on contracts at cost or even worse - at a loss!? I would say highly unlikely so would draw the conclusion that the SP at these levels is compelling!

SP at these levels reflects a business that has lost the majority of its client base and operating existing contracts at cost or marginal profit which is not the case. As disappointing as the current situation is we need to take the long view - this will come good IMO!

My take on these is that it's resonable and the ship is steady and sailing forth, it could be still a bit of a journey though!?

There could be no better track record of winning new business but investors / market makers in SP are not convinced the work is profitable it would seem?

All of us who have kept the faith are now able to finally feel we are invested in a slick and profitable company with excellent prospects, dividends, and security of investment within a relatively safe haven sector.

The most recent trading update was once again reassuring and testament that management has steadied the ship and primed to take advantage of the infrastructure spending promised by this and any alternative Government. Investing always has risk but Kier with no skeletons in the cupboard is more likely less risky than other companies to invest in. The upside potential here is compelling! - IMO.

Steve, I would beg to disagree with you. The update confirms prospects in line with expectations and given the general economic backdrop, it is refreshing to see how a well-run company is coping right now. More than steady as she goes, more like ' please carry on '! the management formula is definitely working. IMO.

Market response ' most definitely underwhelmed ' with these seemingly good results - why?. On the face of the results, Kier is trading in line with the sector with the notable ' substantial discount ' I'd give a penny or two to know why!

Profits are up, debt is down. Well on track with objective aims. What a relief!

I'm disappointed with these results but I feel I (we) need to lower our expectations. The company is operating inline with its piers which is the main thing. What is disappointing really is that after the KL sale and capital raise there's still £195M debt.
We long-suffering shareholders need to take the long view and try and enjoy a boring ride. IMO. Good luck all.

I've been in Kier for several years, buying and selling at lower levels than today. IMO SP offers one of the best buying opportunities in the sector and generally in the FTSE 250 where this stock is clearly heading. Hold tight folks, the journey has been bumpy but the destination is insight.

The offer for new shares should be taken up. The company's financial structure, given the offer, is fully subscribed will result in a debt-free with free cash flow for one of the U.K's main construction players. Even with the number of shares increasing the market cap for Kier makes it a compelling buy sub £ 2.50 - £ 3.00, IMO.

Encouraging to see a solid foundation is being formed for the management team to steer KIER to a solid and progressive future.

You point out the salient point of the deal - Cash is King - and Kier has secured a totally transparent deal that will benefit the company's bottom line and future prospects.