Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I totally share your concerns here, but as the March article highlights, the progress made throughout the Group is very positive and if there really was a turning point in the fortunes and prospects for Kier confirmation of this should be on the 20th. Let's hope so!
With no obvious reason, the SP is on the slide. There is so much nervousness among the Market Makers ahead of the Results and Trading Statement. This is why IMO should Kier post some decent numbers with a decent Trading report the SP could and should fly.
There are worrying recessionary signs in the general economy which of course makes current investing even harder than usual. So if I had a blank sheet now I don't think I could find a better sector to invest in than Construction and within this sector, Kier really does stand out as very overlooked and just simply compelling! The next set of results and trading statement should/could be the launch pad.
Even at the 70p level, this level 2 years ago when the order book and profits were not as assured as today, this level would've been considered a mini-disaster. The SP now and going forward has much further to go up IMO.
Even without bid speculation, Kier was trading well above 100p level within the 2 to 3 years when there's was a potential default akin to Carriliion fiasco. Kier has moved on very much in the right direction since then, yes its encouraging to see the SP inch up but this surely is an indication that we shall see a much higher SP with or without bid speculation in the near or medium term?
Freddie I would agree. There's turbulance out there in the investment market so this sector offers stability and visibility. The order book Kier boasts surely has ripe pickings for profit?
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!