MAY Gurney Share Discussion Threads

[palwing13] 24/4/2013 13:47

Kier down over 5% today on the MAYG news. However, Kier share price has been climbing for some time and still some way off it's best. Today's drop could prove to be just a blip once the dust has settled.

[ssords] 24/4/2013 13:16

Excellent outcome, at least for me . Doubt that Costain will come back Kier would not waste effort by making an offer that Costain would consider challenging. Now, do I sell now and lose the 0.50p per share etc expecting keir share price to fall in near future or take the deal, and Kier will march on to better things?.
Guess one pays one's money and takes one's chance. It was ever thus.
Still to evaluate Keir progress/prospects though.
Ssords

[palwing13] 24/4/2013 12:51

Agreed, but its not over until its over.

[grahamburn] 24/4/2013 12:45

Doubt it, especially as further irrevocables have been announced during the morning.

[palwing13] 24/4/2013 12:41

Now to see if Costain can better it?

[palwing32] 24/4/2013 11:06

Agreed melody9999...good result.

[melody9999] 24/4/2013 07:53

errr - do i assume no-one else ix excited by 315p? Or was it just expected? anyway well done to our Board for negotiating a great deal on behalf of shareholders

[grahamburn] 12/4/2013 11:33

Probably because of a report on front page of The Times Business News stating that Kier "could offer up to 300p" after its board meeting next Wednesday, but that Costain might pre-empt that by upping its effective offer.

[melody9999] 12/4/2013 08:17

SP rising despite sells this am. News in the offing? Something from KIE? Or just a reponse to the recovering COST price.

[palwing13] 03/4/2013 12:25

May Gurney NOT shortlisted for 5yr £39m/year contract to maintain Norfolk highways. May Gurney have had the contract for the past 10 years, so this is a bit if a blow to say the least.Reported today in Eastern Daily Press business supplement.

[melody9999] 27/3/2013 19:48

have to disagree harry - this could go anywhere. if KIE indicate they are going to bid tomorrow you could easily see another 10%+ on the share price On the other hand, if they confirm no interest, we will be back down to 230 ish I guess.

[harry the haddock] 27/3/2013 17:08

my post 423

Have sold out in order to pay for hopefully more profitable stuff. at least the divi made it slightly profitable but this doesn't look if it's going anywhere fast. good luck to holders

proof if ever it were needed that i'm not the new warren buffet- doh!

[owenski] 27/3/2013 15:41

Ditto AISHAH, nice earner. :-)

[aishah] 27/3/2013 15:39

Completely out now. Nice return from 145p last Oct.

[melody9999] 27/3/2013 15:32

someone is hoovering up all the sells. Now I wonder who that might be K..r. Sold 50% this morning but I think I might just wait developments on the rest

[xdavid] 27/3/2013 12:42

Nig295, you MAYG shares will be exchanged for 0.8275 COST shares. So depends on the relative value of both companies at the time you are thinking of selling in the market.

[targatarga] 27/3/2013 11:09

nig - depends on where you think costains share price is going. If you sell today your hopefully up on what you initially paid! imho

[nig295] 27/3/2013 10:54

Excuse my ignorance in the workings of these things, If i sell today will I get more than the value that my combined shares would be worth? less? or about the same?. Just looking for opinions here.

Nige

[xdavid] 27/3/2013 08:35

Almost forgot though, re "debt"... Net debt is actually around £3M. £74M relates to vehicles and plant leased specifically to service contracts. If those contracts are lost then the vehicles get returned and come off the balance sheet according to Mayg... "the obligation to repay the capital and interest related to this asset financing is contained within the contracts where the assets are utilised". That clarification was the final thing which lead me to buy Mayg in first place.

[xdavid] 27/3/2013 08:23

True, Spob. COST is on 2013 PE of 13ish (but net cash) - not something I would have been attracted to normally but I'm effectively buying. I'll have to do some number crunching or just be lazy and wait to see if any brokers come out with figures for combined co.