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That is all behind them and apparently the min wage issue was a technical accounting fault rather than a deliberate ploy by them. I still believe Kier has turned (right around) the corner and is set for better times.
I will be holding my stock for more gains.
I see the Directors got their chunky LTIP shares awarded this week, and more interestingly, the Chairman actually bought some!
They are a canny lot and in my view they will believe that the shares are currently massively undervalued...
Not sure if the slight fall today is HS2 related, but Kier confirmed last week that no additional HS2 work is included in its order book.....so if the Manchester link gets cancelled it will have no impact on the company. I'm still adding to my holding.
Nothing new in the presentation today other than a little more about their dividend forecast. You get the feeling that they are still being cannily cautious and there is plenty more to come in the next 2 years.....
Correct. All of Kier's profitable, secured revenue is derived from phase 1 of the build (on a cost-reimbursable basis!) and when the UK government changes, they will have a further bonanza of schools, health, energy and the like to replace HS2 anyway......Kier is perfectly placed.
This is a real, basement bargain buy from what I hear.....very profitable part of Buckingham that will slot nicely into Kier with minimal cost;
https://www.constructionenquirer.com/2023/09/04/kier-buys-buckingham-group-rail-business-for-9-6m/