Keller Share Discussion Threads

[anatomylee] 01/3/2008 09:19

Hi All,

I am new to this stock,from my charts i believe the bottom has been formed. I got in at 588, would anyone have views about the preliminary trading update this monday 3rd March?

It would be interesting to see if the current trend can be maintained, we are afterall back to the 20 ema which should provide a bounce.

Monday would set the scene for further upside if the trading update is bullish.

Either way Keller is a niche company with solid order books and has taken a heavy wallop from its highs - good value!

[masurenguy] 29/2/2008 09:42

This share remains volatile without being driven by any newsflow !

[maximoney1] 15/2/2008 11:49

Well... i miss-timed that. Back to the 20dayema and the slightly longer term uptrend :-( lol.

[maximoney1] 15/2/2008 00:52

Wishful thinking on my part, but just a possibility for tommorrow (shake out over throw before the rise??)....imo.

[stemis] 14/2/2008 21:37

I can reiterate jonwigs comments.

I've been in this stock since June 2004 at 219p a share, so even at 615p its been a 35% pa return (+ dividends). My shares are bought and paid for so short term movements are no problem to me. It's a great company in an attractive niche and on a 3-5 year view will deliver good returns (20%+ pa). The shares should be £10 at least but thats the market at the moment. I can't call the short term movements (otherwise I would have sold at £11p) so talk of uptrends and downtrends and rounded bottoms leave me a bit cold.

When the short term money has departed there'll just be the long termers. My view is that it will be they who ultimately reap the best returns.

Everyone is welcome to their views and people can post what they want. Some shareholders however are just having a snooze. Wake me up when the shares are £10 again.

;-)

[jonwig] 14/2/2008 19:36

Johne - there were dozens of come-lately posters ... my remarks were not aimed at individuals!

You must admit that the thread was buzzing with people who tried to catch knives and couldn't deliver the £££, or spread rumours of boardroom splits, etc.

Apologies if I offended.

[johne1] 14/2/2008 19:31

jonwig - 14 Feb'08 - 16:59 - 628 of 629

I'm not out. In fact, I've been in for a few years!
This is and has been, the largest holding in my portfolio - it's bigger now!
I just read words now, as I am obviously not clever enough for those on board now. Some posters I've not seen here much also.
I wouldn't like to be Mr Bulletin Board anyway, it wastes so much time which could be put to better use making money, rather than chatting about it.
I won't post my thoughts about my targets etc.
Thanks for the great words.

[maximoney1] 14/2/2008 18:46

Jonwig...
Tried to get in this morning with limit order at 603p, then off to work, but gap up at market open screwed me....had to get in on a subsequent dip :-(

Chartwise, initial first target for re assesment(786p)....imo

[jonwig] 14/2/2008 16:59

Maxi, the chatter was nonsense traders who either lost money on the way down or tried to talk the price further down.
Quite a few bought and were stopped out I think.
They won't be missed.

So just the ones left to could buy and pay for their stock!

[maximoney1] 14/2/2008 16:54

Nice flag formed today (chartwise)....would expect some more sharp moves to the upside.
Surprised there aint more chatter on this board now that the downtrend has been broken technically.

:-)

[cockneyrebel] 12/2/2008 13:10

Lovely rounded bottom formed on the chart - bet these are back to £7 by month's end.

CR

[steeplejack] 01/2/2008 13:05

Indeed and a percentage of today's rise is due to the FKI bid approach

[masurenguy] 01/2/2008 12:55

Having a great day but the rise is based upon a comparatively small volume. It can easily fall by the same percentage on the next down day. Great company that is very much undervalued BUT hostage to considerable market volatility at the moment.

[melody9999] 31/1/2008 23:02

Still watching - no position - but I looked at the last trading statement from 20th December as below. I particularly like the strong order book comment. I don't believe that would change significantly in 6 weeks. I also don't believe that at that time the US powers would not have the signals of a potential recession upon which they have now acted. So at that time there was a disconnect between the market view and the company view.

So it seems to me the market has now priced in recession big style but the company has a different view. In light of the action taken in the US to avoid recession, that risk would appear to be reducing. Typing this I become convinced that I should take a long position. Anyone (possibly with a short position) care to offer a counter argument to make me re-think?

Keller Group plc

Year End Trading Update


Keller Group plc ("Keller" or "the Group"), the international ground engineering
specialist, is providing the following routine trading update in advance of its
results for the financial year ending 31 December 2007, which will be announced
on 3 March 2008.

We have continued to see strong overall trading and accordingly, the Board
believes that the Group's results for the year will be slightly ahead of the top
end of the range of market expectations.

Our withdrawal from Makers is progressing well and the associated one-off charge
in the second half of this year is still expected to be less than £10m, as
indicated in our interim results announcement in August.

Orders in the second half have been good and all four of our geographic regions
currently have higher order books than at the same time last year.

Justin Atkinson, Keller Chief Executive, commented:

"2007 will be another excellent year for Keller and our strong order book leaves
us well placed for 2008."

[valhamos] 29/1/2008 20:21

Missed out on this one a couple of years ago, but looking good value now so bought yesterday. It seems a major USA recession is priced in, which is far from certain, though not the mitigating effect of the continuing strength of East Europe and the Middle East.

nigelpm - "transaction in own shares" - you were right; how did you know they'd use the wrong form? :)

[nigelpm] 28/1/2008 14:03

hmmm... maybe a "transaction in own shares" on its way? ;-)

[masurenguy] 28/1/2008 00:46

Cheers jonwig & rik shaw. If the concensus materializes then Keller is on a PE of just below 6 for the current year although they are also only showing 3% growth for the following year.

[johne1] 27/1/2008 20:45

I hope I don't run out of spare cash for averaging down here - I'm having to go to work! - I took profits with spread bet shorts and went long with a few. Everyone would want some if there wasn't all the turmoil in the markets. I'm looking toward a long term investment anyway. I hope they keep up the dividends to help through these times.

[jonwig] 27/1/2008 19:05

Yes, that's a better one, as it gives all the different brokers.
So does KLR's website, though it hasn't been updated recently:

[jonwig] 27/1/2008 18:56

Him M.
from Digital Look - can't give a direct link, as you need to register (free).

T/O(£m) PBT(£m) eps(p) div(p)
31-Dec-07 961.75 94.22 89.67p 18.90p
31-Dec-08 1,023.71 99.45 93.36p 21.77p
31-Dec-09 1,092.34 108.25 91.63p 23.80p

Also (same site), Panmure Gordon reiterated 'BUY' on 24/01 with a target of 750p.

[masurenguy] 27/1/2008 17:10

"jonwig - 13 Jan'08 - 16:43 - 596 of 612: 180p ... ie. under 2× signalled earnings for year just ended, and consensus 94p for 2008, 92p for 2009."

Do you have links to any earnings projections for the year just ended and the following two years ? If so would really appreciate you posting them here.

Assume from your post above that 2007 PAT is expected to be circa £59m !