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KLR Keller Group Plc

1,120.00
-12.00 (-1.06%)
03 May 2024 - Closed
Delayed by 15 minutes
Keller Investors - KLR

Keller Investors - KLR

Share Name Share Symbol Market Stock Type
Keller Group Plc KLR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-12.00 -1.06% 1,120.00 16:35:02
Open Price Low Price High Price Close Price Previous Close
1,148.00 1,108.00 1,148.00 1,120.00 1,132.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Top Investor Posts

Top Posts
Posted at 29/10/2023 13:09 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-digging-reading-shipping-and-more/Keller Group (LON:KLR) – Feverishly Digging For Record Profits On Monday morning the world's largest geotechnical specialist contractor informed investors that it was on track for a record year, with its operating profit expected to beat market hopes. The group's shares hit 785p in reaction to the good news, up over 111p on the previous close. During the week they have drifted back slightly, upon understandable profit-taking after such a swift uplift in price, closing last night at 743p, but still up 70p on the good news. The group reported that positive trading momentum in the third quarter had been maintained following the Group's exceptionally strong first half performance. Given its trading performance to date and the continued momentum in the business, the company now expects that the full year underlying operating profit will be materially ahead of current market expectations. CEO Michael Speakman stated that: "The Keller team has built on an exceptionally strong first half to deliver a better than expected third-quarter performance, and consequently we now expect full year underlying profit to be materially ahead of current market expectations. This performance reflects continued momentum and operational improvements within the business." The £547m capitalised group provides a wide portfolio of advanced foundation and ground improvement techniques used across the entire construction sector. Operating on five continents globally, its 10,000 staff tackle an unrivalled 6,000 projects every year, helping to generate an annual revenue of some £3bn. Estimates for the full year to end December suggest that the group could more than double its earnings before tax from £56.3m to £118.0m, doubling its earnings to 124p (62p) per share. Last night the shares closed at 743p, that is some way below the 998p that they reached in August 2021. However, I consider that they will be up there again, so the shares are a Hold.
Posted at 09/12/2022 21:57 by p1nkfish
Blackrock (worlds largest investor) 2023 outlook. I agree about the infrastructure, gap and transition. Infrastructure not a bad place to be.
Plays to Keller strengths.
Not sure link below will be allowed.

They have possibly underestimated the chance of some disruptive deep-tech coming through in 2023 in Energy or Health but that's very unpredictable and would take a long adoption time.
Posted at 03/8/2022 11:13 by daisylove
KLR really looks undervalued but doesn't seem to be of much interest to investors.
Posted at 30/10/2020 09:16 by steeplejack
The assumption must be that the market thinks Keller will pass or sharply reduce its interim dividend.Consensus eps for 2020 are 78p falling to 66p in 2021.It's a difficult one.This is a well managed company with an excellent track record but it can't walk on water when the global economy is tanking.As much as investors would like to start topping up value stocks,the sudden rise in covid and renewed national lockdowns,makes looking to buy perceived value stocks premature. I suppose one has to sit it out but it's all about opportunity cost investment and clearly for some patience is being stretched in these frenetic markets.
Posted at 04/8/2020 09:41 by 1nf3rn0
You've got to laugh at the reaction here versus the likes of EasyJet and BP with their 50% divi cut. Maybe with a number of large companies reporting today investors haven't yet scrolled down to Keller.
Posted at 12/6/2019 09:38 by right once
Hi Steeplejack,

From what I have read on Interactive investor Ferguson have increased sales in the USA.

Just google "Ferguson: The big overhang damaging the share price" and you can read the article.

I think it's the fear of a slow down (even if not a fact as yet) and profit taking by those who bought in at £5.
Posted at 21/10/2016 06:41 by jonwig
From Citywire:

Engineering company Keller (KLR) has issued its second profit warning in three months, as its Asia Pacific division continued to disappoint.

Numis analyst Christen Hjorth retained his ‘hold’ recommendation and reduced the target price to 720p down from over £10.

‘Keller has issued an unscheduled trading update stating that 2016 results are now expected to be circa 15% below current market estimates, mainly due to continued underperformance in the Asia Pacific division.

‘We therefore reduce our 2016 earnings forecast by 15% and our 2017 forecast by 10%. The share price is currently down 24% and, based on this and our updated numbers, Keller now trades on 2016 price/earnings ratio of circa 9x and a dividend yield of circa 4%.’

Although management has made positive statements regarding the outlook for the company, Hjorth said that it was understandable that investors could be sceptical of management guidance following Keller’s second profit warning since August.

The shares closed 27% or £2.41 lower at 644.5p.
Posted at 17/11/2015 01:03 by tudes100
Questor in the Telegraph says buy...
It was steady as she goes at construction group Keller [LON:KLR] which said yesterday that there has been no real change to trading in the past three months and that it was still on target to hit full-year expectations.

Keller generates the majority of its revenues from installing foundations and drilling pilings for buildings such as the Olympic Stadium, flood defences in the UK and major onshore oil and gas projects.
The company’s largest market is in the US and Canada, and steady growth in this region underpins the overall performance. North America is responsible for more than half of group revenues and three-quarters of profit. Keller said that the strength in the US construction market which generated a 37pc jump in first-half profits in the region, continued during the three months to November 15.
The company has felt some pain from its exposure to work on commodity-related building projects. The worst trading has come from Australia where profits have more than halved, and Keller said there has been no signs of improvement. In Asia, profits have also fallen sharply, with revenues down 15pc.
Market consensus is for the strong US trading to lift full-year revenue to £1.7bn, giving pre-tax profits of £96.6m, and 88p in earnings per share. Keller management are still confident they can hit those targets with six weeks left in the year.
Shares in the FTSE 250 company have fallen sharply from highs of £11 reached in early June, despite little change to the trading performance.

Investors are paid to be patient with Keller shares as they offer a prospective dividend income of 3.4pc, and the dividend is expected to increase by more than 5pc and the end of the year. The company has an unbroken 29-year record of increasing or, at the very least, maintaining the payout.
Keller’s shares are trading on 9 times forecast adjusted earnings, falling to 8 times next year.
We think the selloff has been slightly overdone at Keller and would be happy to buy for the long term at these levels.
Posted at 11/6/2013 08:41 by redips2
TIDMKLR

RNS Number : 7422G

Keller Group PLC

11 June 2013

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

For immediate release 11 June 2013

Keller Group plc ("Keller" or "the Group")

Proposed Acquisition of North American Piling

Keller (LSE: KLR), the international ground engineering specialist, today announces the proposed acquisition of North American Piling from North American Energy Partners Inc. ("North American Energy Partners"), subject to shareholder approval.

Key Highlights

-- North American Piling is a substantial Canadian foundations business, headquartered in Edmonton, Alberta, and has over 25 years' experience providing piling services, with a focus on piling in construction markets across Canada, including the Alberta oil sands region.

-- North American Piling employs approximately 400 staff and, in the year ended 31 March 2013, the business reported revenue of CDN $236.5 million (GBP149.7 million) and operating profit of CDN $38.5 million (GBP24.4 million).

-- The Acquisition is consistent with Keller's stated strategy and the Directors believe it will enhance the Group's offering by:

- bringing into the Group a market-leading business, positioned in growth markets offering attractive margins;

- increasing its exposure to the North American energy and resources sector;
- providing the opportunity to develop broader customer relationships and secure new customers;
- expanding its presence in the relatively under-developed Canadian geotechnical segment; and

- delivering attractive financial metrics, including an immediate and significant enhancement in earnings per share.

-- The consideration will comprise an initial CDN$227.5 million (GBP144.0 million) on a cash and debt free basis, payable in cash on Completion and up to a further CDN$92.5 million (GBP58.5 million) of deferred contingent consideration payable in cash depending upon North American Piling's financial performance in the three years following Completion, giving a maximum aggregate consideration of CDN$320 million (GBP202.5 million).

-- Keller is proposing to finance the Acquisition through the net proceeds of the Placing announced today, together with the drawdown of some of the available funds under the New Bank Facility and existing bank facilities.

Commenting on the Acquisition, Justin Atkinson, Chief Executive of Keller, said:

"The Board has identified Canada as a key target market and this acquisition of a complementary piling business represents an excellent opportunity to build substantially on Keller's existing presence in that market. North American Piling is a market-leading business with attractive margins positioned in growth markets, including the resource-rich regions of Western Canada. The business has a strong record of growth delivered by an experienced management team who are transferring to Keller. Importantly, the acquisition will be significantly earnings enhancing*."

* This should not be construed as a profit forecast. In particular, it should not be taken to mean that the earnings per share of Keller for the year ending 31 December 2013 will necessarily be higher than for the year ended 31 December 2012.

Analyst conference call

A conference call for analysts and investors will be held this morning at 9:00am with a replay facility made available later today. For details please contact RLM Finsbury on 020 7251 3801.

The Circular, containing details of the Acquisition and the notice of the Keller General Meeting at which a resolution will be proposed for the approval of the Acquisition by Keller Shareholders, will be published and posted to Keller Shareholders as soon as possible. The Circular will be made available by Keller on its website at www.keller.co.uk/investor/aspx.

This summary should be read in conjunction with the full text of this announcement

Jefferies International Limited ("Jefferies") is acting as exclusive financial advisor and joint sponsor to Keller on the acquisition and joint bookrunner and underwriter on the equity placing. Investec Bank plc ("Investec") is acting as joint sponsor to Keller on the acquisition and joint bookrunner and underwriter on the equity placing.

For further information, please contact:
Posted at 12/4/2013 12:05 by bluebelle
Very positive write up - here's the summary.


Keller Group PLCThu 11 April 2013

Tips of the week are provided by Investors Chronicle to Hargreaves Lansdown and Hargreaves Lansdown may not share their views.

Share tip summary

Economic conditions are set to remain mixed, but Keller's main market in the US should continue to improve, led by a strong recovery in residential construction. Furthermore, management has made significant progress in sharpening up risk management and making better use of plant and equipment. The result has been a significant increase in margins and cash generation. And, with infrastructure spending seen as one of the potential dynamoes of recovery, Keller's premium rating looks fully justified. Buy.

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