Kier Takeover Rumours (KIE)

Https://www.constructionenquirer.com/2024/02/22/morgan-sindall-delivers-another-record-year-of-profit/ The issues raised by MS about supply chain failure is one I've raised in the past. As more big construction firms boost their cash at bank, I do wonder why K needs a debt facility circa £511m? Are they prpping for a takeover of say Tilbury Douglas or ISG or?

Update promising but recovery is ongoing. The concern I have is how City will treat K share in medium term. Look at how Hotel Chocolat is worth x but 24hrs later is up 160% on Mars takeover of HC. Any concerns and the benefit of doubt favours the City. K's biggest client is HMG - we see LAs in financial distress; projects delayed for budgetary reasons; HS2× canned. How will City treat the share price if HMG forces prices down and its affect on K's goodwill calculation? The City will also look at how banks treat construction firms.