Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Excellent news. The professionals are buying into KIE!
I see a lot of comments regarding short positions being closed out but still a few percentages remaining with the resultant effect of suppressing the SP - I hate to be the bearer of bad news, but when you short a stock, to close the position you need to buy it back! , this should have the effect of raising the price!! So what is really going on with the SP?!
Rizzy1 - Absolutely concur with your overall view, however, the known negatives vs positives are not reflected in the true value and market capitalization of KIE. I would agree, hang on in there for the medium term as the true value will be unlocked by the 'market' - water will find it's level - and of course, any competitor looking to increase their exposure to a booming sector in uncertain times KIE is a compelling aquisition.
With even more excellent news for KIE, it will be interesting to see how the SP opens at the start! The SP performance yesterday was odd, to say the least, underwater and underperforming for most of the day up to the final bell and then a relative spurt after hours!
The newsfeed from yesterday alone should positively and substantially reflect in the SP, current SP valuation is completley at odds with fundamentals.
Newsfeeds like this continue to on a regular basis. It further cements the future viability of a premier player within the UK construction sector. Compelling valuation in SP is now even more obvious.
All investors should be comforted with more positive news which will be reflected ( one day! ) in the SP. With the current order book of which constitutes 80% of Government contracts, KIE will be viewed as a 'defensive' stock. The current SP does not reflect prevailing economic conditions. The market makers are in danger of being caught on the wrong side of the trades when reality hits home!
The market makers in this stock are obviously very edgy with a bitter taste still in their mouths from the Carillion debacle. So conviction and staying power is needed here. If I had more spare cash I would most definitely be topping up my holding in Kier.
Good news feed is needed from the company, only 7 weeks away from results, can we wait that long?
Water always finds it's true level! - Kier is sound!
You make some salient points - all of which are very valid. There is also another salient point that needs to be highlighted and that is even in the darkest days ( 12 to 18months ago ) of the financial viability of Kier, only 50% of the potential banking loan facility wasn't taken up. Kier has a bright future.
Thank you for that. I do still have reservations as the alleged seller should be taking advantage of a favorable rising market and selling into a rising SP!? There appears to be something amiss as SP is showing divergence to the general market - I'm still long in this and I do conclude KIE is undervalued.
Not certain as to why Kier is underperforming both its peers and the general market - is there something hiding in the cupboard!!??
https://www.constructionenquirer.com/2020/04/17/go-ahead-for-kier-150m-lancashire-road-job/
Thank you for clarifying that, again it's reassuring.
THE news coming out of Italy and Spain today is that one of the first industries allowed to restart their activities are construction sites, interesting and positive for Kier.
In percentage terms, the SP HAS fallen a lot less in the last week than Kier - why?
A few weeks ago a Chinese company allegedly wanted to build HS2 for a fraction of the current projected cost - well here is an opportunity for that firm to pick up KG for £250M and get a £ 1.3Billion contract on HS2 in addition to the £ 4Billion plus order book - KG have as good as any other principal contractor to deliver projects on time and profit -so what is going on???
Yes, good point. Even with margins on big infra projects, well managed and correctly costed variations which arise on virtually all major projects - it can be and still is a very good business to be in. Kier is well placed.
HS2 is positive for the environment for a mass transportation system, more hot air!
Yes sure all that you state is correct, however, US futures are showing gains of 230 points as is FTSE futures showing 130 points gain for Monday morning start, so yes there's a problem but is it really as bad as say a flu virus which effects millions each year, so let's put this Corona virus into a little perspective - fingers crossed.
Kier is in good shape. HS2 will happen both phases - it's carbon reducing over it's life span and essential for UK plc. K.L. will bring value to the Group - who ever or which ever way you cut the cake.
The virus is a unknown for all companies and the economy but why not take the view that it will be contained and play out naturally like most of these things. I'm certainly not selling any of my shares.