Kier Share Discussion Threads

[mfhmfh] 19/12/2017 08:52

bought in here yesterday. hopefully the downtrend from April has reversed. MACD has turned positive.

[sparty1] 30/11/2017 10:28

Good turnround play imo..Plenty of contracts on the go and more since the budget.
Returning to mainly core business. Can see an improvement coming.Kier very busy in my neck of the woods! building and services..Shame the workers are not paid much down here in the south west..

[zicopele] 24/11/2017 19:09

They are losing very significant monies on their infrastructure projects.

Merseyside Gateway have lost their commercial director.

Avoid ...They look cheap but you will buy them considerably cheaper.

[zicopele] 24/11/2017 19:09

They are losing very significant monies on their infrastructure projects.

Merseyside Gateway have lost their commercial director.

Avoid ...They look cheap but you will buy them considerably cheaper.

[stewart64] 21/11/2017 12:56

Lucifer100...I don't like the unadjusted p/e multiples. This has been going on for years...no taxable profit for the previous three years either in aggregate.
The brokers love it and one assumes there is something there in the Emperor's clothes that the uneducated just can't see.

[lucifer100] 19/11/2017 18:59

Looks tempting, but a profit of only 25M on market cap of 1BN looks like poor value to me.

[speedsgh] 18/11/2017 11:16

Revolt over 5 per cent pay rise for Kier chief executive -

Kier Group was hit by a pay revolt at its annual meeting in London yesterday over a proposed 5 per cent rise in the salary of Haydn Mursell, its chief executive, well ahead of that granted to the rest of the board and the staff...

[speedsgh] 18/11/2017 11:13

Kier wins £35m Clydebank hospital project -

Kier Construction Scotland has been named principal supply chain partner for a new elective care facility at the Golden Jubilee National Hospital in Clydebank.

The building work is valued at £34.5m over two phases and involves building a cataract surgery unit and an orthopaedic and elective surgical care facility.

The Golden Jubilee scheme is part of the Scottish Government’s decision to build five new elective treatment centres across the country to carry out replacement procedures like hip, knees and cataracts.

Kier Construction Scotland is expected to start on site early next year, completing by 2021.

The division has recently picked up string of healthcare contract wins, including work with NHS Grampian at Aberdeen Royal Infirmary, NHS Highland at Raigmore Hospital in Inverness and NHS Greater Glasgow and Clyde at Royal Alexandra Hospital in Paisley and Inverclyde Royal Hospital.

Brian McQuade, managing director for Kier Construction Scotland, said: “This is another major win for Kier Construction Scotland and illustrates our strength in delivering healthcare projects throughout Scotland.”

[riviera1069] 17/11/2017 15:38

On track. Good order book. Director buys. Good divi yield. I've added in recent weeks and happy to hold.

[stewart64] 17/11/2017 11:10

If things do turn around for Kier then I'm sure to miss the boat.Because I'm still wanting to see a profitable trading year, by ehich time the price will have rallied. Forget adjustments it's made nothing for three years and its operating margin on contracts has been equally likely to be negative as positive. Why current contracts will all suddenly make money is the thing I am struggling with.

[cwa1] 17/11/2017 07:44

A very decent sounding AGM Update(Pity that Carillion seems to stumble from mishap to disaster, giving the industry a bad name though) Hard to imagine how it could be much better under the circumstances:-



Current trading and operational update

The Group has traded in line with the Board's expectations in the period.



Property

The Property division is performing well, delivering a return on capital (ROCE) in excess of 20% on an increasing capital base. During the period, we continued to invest in new development sites and experienced strong co-investor support, all of which contributed to the development pipeline remaining in excess of £1.4bn.



Residential

The mixed tenure and private housebuilding businesses continue to make good progress. ROCE has increased, benefiting from the recycling of capital from our private land bank into the mixed tenure business and the increasing use of joint ventures. Private sales and pricing remain strong and demand for mixed tenure housing continues, further assisted by recent Government initiatives including the extension of the Help to Buy scheme.



Construction

The performance of this division is underpinned by the regional building business and is delivering margins in line with the Board's expectations. The Group was pleased to be awarded the maximum number of places on the Education and Skills Funding Agency's latest £8bn four-year construction framework, reinforcing the Group's position as a leading provider in the education sector. The current order book represents more than 95% of the division's targeted revenue for this financial year. During the period, we agreed the final account for the last MTR contract in Hong Kong and we are in the process of handing over the final elements of work on our remaining project in the Caribbean.



Services

The Services division continues to deliver with consistent margins and has a current order book representing more than 95% of its targeted revenue for this financial year. A new seven-year highways maintenance contract with Shropshire County Council, worth £147m, has been secured complementing the Group's existing presence in the region. Our Highways England programme of works remains on track following the publication of the Highways England road improvement programme. Moving forward, we believe that we are well placed to benefit from new opportunities arising in the UK highways market.



Following its acquisition, the McNicholas business is performing well and good progress is being made with its integration.



Financial position

Following ongoing investment in the property and residential divisions and the acquisition of McNicholas, the Group's average net debt position has increased in the period in line with the Board's expectations. We continue to drive strong operational cash conversion which supports increased investment in the Property and Residential divisions. In line with our Vision 2020 targets, we expect to maintain a net debt to EBITDA ratio of less than 1x at 30 June 2018.



Outlook

The Group remains on course to deliver double digit profit growth in the current year and achieve its Vision 2020 targets.

[cwa1] 14/11/2017 07:42

Kier appointed to Education and Skills Funding Agency's (ESFA) new £8bn construction framework



Kier Group plc ("Kier"), a leading property, residential, construction and services group, confirms that it has been awarded a number of places on the Education and Skills Funding Agency's ("ESFA") latest £8bn four-year construction framework.

The new framework is divided into three value bands, with Kier being appointed on the two bands that it elected to bid. These cover:



· high-value projects worth more than £12.5m, in lots covering the north and south of England and;

· low-value projects up to £4.5m, comprising 12 regional lots across England.



The ESFA framework can be utilised by providers of educational services to deliver new educational facilities and replaces the ESFA's previous National and Regional Contractors Framework, on which Kier was a leading provider.

This latest award reinforces Kier's position as a leading provider in the education sector. Kier has completed approximately £5bn of education projects in the past decade. Recent contract awards in the sector include the £25m Charter School project in East Dulwich and a £23m scheme to build a new 1,200-place school in Sheffield.


Kier Group chief executive, Haydn Mursell, said: "This award demonstrates the strength of our relationship with the Education and Skills Funding Agency and maintains our leading position in the education sector. We look forward to continuing our work with providers of educational services to deliver vital schemes under the framework."

[grahamburn] 10/11/2017 14:50

And most other companies in the same space.

[riviera1069] 10/11/2017 10:08

Picked up some of these today. Cannot see the issue here other than sympathy with Carillion.

[linton5] 27/10/2017 11:05

Get yer hoist oot then man,you know the drill jock

[hoistman] 26/10/2017 16:10

what I'd like to know is why is KIER share price tanking, it should be climbing according to the facts.

[stewart64] 02/10/2017 12:16

As a former shareholder I really want to understand why the results were so great. It made nothing in 2014,15 and 16...the after tax income nets out at precisely zero. The before tax profit in 2017 is 26 million pounds or probably about x 60 after tax on price to earnings. I really don't like these adjustments that bring the price to earnings down to something acceptable at about ten times.

Anyway I am up for a bit of re-education on why these infrastructure building corps with their tiny margins are so cheap according to all the current broker sentiment.

[shauney2] 22/9/2017 09:07

From citywire

Kier shares are too cheap, says Numis

Sluggish sentiment around the construction and property sector has had a knock-on impact on Kier (KIE) but Numis says the company has no issues and the shares are too cheap.

Analyst Howard Seymour reiterated his ‘buy’ recommendation and target price of £15.10 on the stock, after it reported an 8% profit rise in the first half. The shares were trading up 6.5%, or 71.5p, at £11.66 at the time of writing.

‘Kier shares have been hit by sentiment relating to issues in the wider sector, though full-year results and confidence about the outlook indicate Kier has no such issues,’ said Seymour.

‘Indeed, we believe the merits of Kier’s integrated model will show through after a period of transition so that investors should expect annual double-digit earnings growth as the fruits of this strategy drive organic growth out to 2020.’

He said based on the opportunities ‘the shares are too cheap - notably shown by the fact that the yield [of 5.5%] is double that of the sector’.

[speedsgh] 21/9/2017 10:56

Brief presentation of results by CEO Haydn Mursell...

[andysaw] 21/9/2017 08:10

Increased stake. share price should be above 10% today imo

[big7ime] 21/9/2017 08:02

Great results

[speedsgh] 20/9/2017 12:21

Could simply be a complete lack of confidence in the sector following a string of high profile profit warnings/car crashes in recent yrs (BBY CLLN IRV...). We may well find out tomorrow...

[marksp2011] 19/9/2017 18:00

So is there a bottom here or is it going to crash completely. 0.5% short so that isn't it.

[zicopele] 15/9/2017 11:31

Yes...rail jobs a disaster.
Merseyside Gateway massive losses
Highways in Cornwall similar
Managing Director of Infrastructure chopped last year after two years on job. That was announced in construction news..Presumably to carry can.