Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Welcome to the board.
Not sure what you mean by 5th March? 2021? This should be testing 150 by the end of July, if not sooner. Whether it can hold it or not is another thing entirely.
Also into this today. Completely agree that there should be a knee jerk reaction in the markets once the stores open next week.
Completely agree. We shall see what tomorrow entails...
Would be ideal if we could close above 107.70. If it does, then technically we could be testing 150 by the end of the week. I think it’s more likely to pull back slightly, what does everyone else think?
Why not Zoro? This has a long way to run. The 30% so far is on NO NEWS. Madness.
Just topped this up again... how long must we wait for news??
I have been tempted to get into this for a while. Not sure whether I have missed the boat? As someone who lived in Superdry growing up, the reason the SP plummeted is nothing to do with fundamentals, it’s simply because Superdry was no longer considered fashionable. I would be interested in hearing input on this. What are people hoping recovers to? I imagine this quarter's sales have been the best in years...
Oh and don’t forget the £300m pre-COVID debt too!!
You are not wrong per se, but continuing your egg analogy, the government does not put all of it’s infrastructure eggs in one based. The way it works is contracts are awarded equally between five top firms. So for instance, a £1bn highways contracts would be broken down into its parts and sent to tender. These 5 companies would each be awarded £200m ish depending on their specialities and costings.
The reason why Kier’s market cap is so low is because they historically take jobs at a loss or , at best, a 3% margin. I think they’ve turned a corner here though and have finally understood that “turnover is vanity, profit is sanity”.
IMO, if they can show that they are pushing this margin up successfully, then Kier would shoot up to a £500m ish market cap. Thoughts?
At least we are still getting our dividend guys. This is going to gap up 20-30% on the slightest good news.
IMO of course.
I completely agree with the buying opportunity. Last time I was hold Kier shares it was at 1000. The market has changed a lot since but it’s not 10% of the company it was in 2018 either.
Something that hasn’t really been noted on this board is the general mistrust of Kier by contractors operating in this sector. My father is director of a mid-sized air-conditioning company, and they have point-blank refused to work with Kier since 2018 because only 10% of their invoices were paid within the agreed 60 day terms. However, there has been a massive turnaround with this issue and now they are paying 98% (!!) invoices within this timeframe.
It is certainly going to take some time for Kier to win back the trust of the contractors but this is going to be crucial in the recovery. It is all good winning billions of pounds worth of contracts, but only if you have the contractors to fulfil them!
It does but I’m not sure I can bring myself to sell on a -3.5% day... but the BP divi deadline is tomorrow... ohhh decisions, decisions...
This will gap up significantly on positive news. I think what a lot of people are sore about is the fact they could be earning a lot of money in other stocks due to COVID-recovery.
Personally, I can’t see this moving for another few weeks until there is some sort of turnaround announcement (if it comes). You may be better to consider putting your money into oil/travel for a couple of weeks and then revisiting Kier.
For example, my EasyJet shares are up 20% in about 2 weeks. I’m considering selling Kier and putting it into BP, which is likely to Gap up 30-40% on no news and then buy Kier back at the end of the month. Would love to hear other people’s get-rich-off-a-global-pandemic strategies...
Hi Dave. What’s your source on this?
Lucky Kier don’t just build roads then ;-)
Feels like this thing is getting ready for lift off...
@Auson
While I understand that 40% could be considered a lot to hold, I think it’s been made pretty clear that Kier is not going anywhere? I am not risk adverse and prepared to hold shares for the foreseeable of it did go tits up.. half my portfolio is in Chinese stocks so Kier seems like a relatively safe bet compared to those right now!
One thing is for certain, the establishment can’t afford another CLLN-type embarrassment...
I’m contemplating doubling my holding in Kier, pushing it up to around 40% of my portfolio...this upside is too big to ignore IMO
Time to double down methinks?
Only pennies though isn’t it. I’m guessing we are all planning to be in this until we can sell for 200+?
Little confused why people are assuming someone offloading ~£500k is institutional too.
The current situation means even the slightest news could influence PPS, warranted or not. I would suggest that the drop today was due to the “mutual” decision of not appointing Ms Hindle to the board, something which has been a year in the making. Whatever the reasons, it would definitely shake the confidence of even the most sympathetic shareholder...