Also very interested. Briefly my portfolio was 35% in KLR this morning. Sold some but it's still my #1 by a long way. Already the world’s largest geotechnical specialist contractor but not expensive by fundamentals and compared to other construction companies. Revenue has stalled but profits and margins are growing steadily. |
I'm here and interested Lots of debt paid off. Will be net cash at some stage this financial year |
Super results, but little interest here. |
Berenberg backs Keller as market toughens
hxxps://citywire.com/funds-insider/news/expert-view-burberry-science-in-sport-keller-boohoo-b-and-m/a2454471?page=3 |
It was acknowledging the current results were buoyed by historical events. Take those historical events out of the picture going forward and see where it gets. Some may have read that, or had some software interpret the release, and acted on it.
What needs to be borne in mind is that it's very hard to buck a global market that is likely to hit a very soft-patch over the next 18-24 months. Keller will feel it but may have some immunity if the USA pushes an infrastructure button and if Keller are positioned for that.
I'm of the opinion we are on the cusp of a global depression that needs action to avoid. That action may be to encourage more holes to be dug. Good for Keller.
If I'm approximately right (I'm often wrong) there is no dodging the bullet heading the way of the global economy but Keller is not a bad place to sit it out with some capital.
I thought it was well written and not the least bit put off by the TU. |
Disappointing as today's statement was considerably less bullish than the last 2 updates:
15th May: AGM TU - "Strong start, material increase to FY expectations"
6th Aug: Interim results - "Outstanding H1 performance; expectations for FY 2024 materially increased"
14th Nov: Q3 TU - "Full year outlook remains in line with expectations"
I see one of your previous posts says the following:
"...'was in line with expectations'.
Whenever I hear quoted that irritating management-speak phrase,it invariably is a euphemism for a disappointing performance." |
"It was a disappointing update..."
==================================
What was disappointing about it? Where is the 'bad news' that lies ahead? |
Lots of jittery people around. If you are going to panic, do it early. I hold and will continue to do so. |
Thank you, both. I thought I must have missed something. I suppose it's a function of whether the market is in 'greed' or 'fear' mode but, when in the latter, I am amazed at the lengths some commentators will go to to find a bad interpretation to what appears to me to be a perfectly satisfactory update. I tend to be a buy-and-hold-forever merchant and, like you, am still well in the money, so hope this is just a blip rather than anything fundamental. |
It was a disappointing update that I called wrong although I was aware of the problems in EMEA. Still good value I believe so retaining a long term position in my ISA... |
It's everywhere. Some of the wording could have been better though. "buoyed by some historical items" may have spooked some.
Wording will be ever more important as more AI tools used to scan releases and it's sell first ask questions later currently.
If Trump encourages infrastructure build out and new LNG facilities it might be a positive for NA.
Fortunately have a low entry price and yield good so I'm hanging around.
I expect US under Trump will dig more holes and lay more foundations. |
Just think it's had a strong run up and people are taking money off the table to go elsewhere, off an uninspiring update. Agree though. Very harsh for an in line statement. Seems to be the way these days |
I must be very dim. (No need to answer that!). I fail to see what there is in the TU that would cause a 13% fall in the share price I am sure someone here will explain it to me. |
As an alternative view Keller tend to do very well and jump more than most on positive updates and then get forgotten about by some and drift down a bit.
Note that their Q3 Trading Update is scheduled for this Thursday 14th November. I wouldn't be surprised if they continue the good news below and are near 1700p within the next 10 days. DYOR.
15th May: AGM TU - "Strong start, material increase to FY expectations"
6th Aug: Interim results - "Outstanding H1 performance; expectations for FY 2024 materially increased". |
Consolidating of the dtf, but on the wtf its dipped below the 8ema. I can see this going lower before the next move up. |
DEUTSCHE BANK RAISES KELLER GROUP PRICE TARGET TO 1800 (1550) PENCE - 'BUY' |
Berenberg price target 1750p made on 6th August, (raised from its previous 1500p target). |
Do like that it's a literal picks and shovels play on infrastructure. As the economic mess unfolds I think infrastructure builds will be prioritised for the future after the reset is behind us. Not a one or 2 year thing imho. There wil always holes needing to be dug somewhere. |
Excellent, only word needed. |
Hey everyone |
Well done w13ken today's announcement shows what a fantastic turnaround has occurred. Brilliant half year results and update |
No harm banking a profit and seems a good idea to hold on to half your holding. I only bought in May at 1129p but have rapidly increased my holding as I think they're a great company for now and the future. 5500 projects a year shows the demand. |
Could not look a gift horse in the mouth and sold half my holding today. Nice 2 bagger, having only held since May 2023.
Just can't believe how far and fast these shares have risen, and they still don't look expensive compared to so many other better known companies, with PERs in the 20s and 30s. |
Berenberg price target 1500p made on 15th May, (elevated from its previous 1300p target). |
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