Keller Share Discussion Threads

[lurgy] 21/12/2018 14:12

£100,000 buy by CFO. That's pretty encouraging. Think I might join him.

[quemaster] 19/12/2018 22:51

Yes, looks that way to me, 8000 @ £4.85 £38,800 director buy and BlackRock going from 5.12% to 4.94%

[lurgy] 19/12/2018 17:20

So, director buy, but Blackrock sell, right?

[bookbroker] 19/12/2018 12:26

£2.00 !

[rhatton] 19/12/2018 12:01

Anyone see where this ends up?

[bench2] 30/11/2018 20:19

It almost feels as though the late afternoon plunge in Kier has impacted the Keller share price . Ok KLR has some big debt but not on the same scale as KIE

[steeplejack] 30/11/2018 11:59

This directors buying is probably the most instructive update you’re likely to get.

[jeffian] 29/11/2018 10:59

Yes. Why a pig's tail?

[thorpematt] 28/11/2018 23:41

I keep wondering whether I should buy some of these...but I am thinking that such an action may be a bit like a pig's tail?

Any thoughts?

[overmars] 28/11/2018 22:57

Four directors buy last week

[lurgy] 22/11/2018 09:20

Group-wide restructuring programme

The actions described in ASEAN, Waterway, Brazil and South Africa are part of a group-wide programme of portfolio and capacity actions. The Group currently expects to take an exceptional restructuring charge of approximately GBP57m in its Full Year 2018 results. Around GBP30m will relate to goodwill and around GBP20m will relate to fixed asset and other impairments. Restructuring cash costs in 2018 will be around GBP7m offset by income from asset disposals in 2019 of around GBP5m, with a net cash cost therefore of around GBP2m. We estimate these measures will result in a reduction of around 700 employees.

- £57 million charge, plus the £15 million loss? An 80% reduction in profit this year then?

[steeplejack] 22/11/2018 07:58

"The group-wide outlook for 2019 is somewhat mixed. Our main markets remain healthy and our order book remains sound, but as previously indicated the contribution from major projects will be lower than this year."The group is taking remedial action in their more difficult markets ie SA,Brazil,Singapore and appear to be retrenching into its core market places,USA,Canada,Australia.This is a very well managed company for which the current rating gives Keller little credit.The trouble is that Keller appears to be ahead of 5he curve in demonstrating problems that Wall Street considers many companies will encounter in due course.

[1tje] 27/10/2018 10:07

Bought on Friday at £6.38. I do not expect an quick gain because of the market turmoil at present. Nevertheless unlike a lot of construction firms this is geographically diversified and occupies a strong niche. The downside is the debt which has increased a lot recently - I think relating to an acquisition.

If it falls further I will be doubling up.

[muckshifter] 25/10/2018 15:00

I suspect that the recent news was just a catalyst helping people into panic mode, with the real threat that everyone was looking at in the background being: US interest rates going up, new house sales going down, and the big infrastructure spend advocated by Trump disappearing in a mist of vote catching tax reductions. All of those points are bad for Keller in their biggest market.

[guru94] 25/10/2018 12:15

I agree, a 35% drop on news that affected less than 20% of the business seems a bit much

[steeplejack] 23/10/2018 08:12

Its oversold.

[rhatton] 22/10/2018 11:03

Looks good value if this is the only hiccup but will it be contained...
Took a position last week which was obviously too early in hindsight

[soundbuy] 22/10/2018 10:56

Still no love............

Tempted..........

[steeplejack] 12/10/2018 09:26

https://www.ii.co.uk/analysis-commentary/could-keller-shares-really-double-after-shock-plunge-ii506936/

[guru94] 12/10/2018 08:25

Article on ii 'Could Keller shares really double after shock plunge'

hxxps://www.ii.co.uk/analysis-commentary/could-keller-shares-really-double-after-shock-plunge-ii506936/

[puffintickler] 11/10/2018 10:53

Today in Keller's share price we are seeing two negative effects superimposed. The specific loss of around £15M profit on their Asian businesses (substantial, last PBT for Keller was £110M) and a 4% downtrend in stock markets. Doubtless some write-downs will be in order.

So we could expect a share price fall of 15% + 5% =20% so although the current fall of 30% is arguably an overreaction it is not massively so given that some might fear further bad news.

That said if I was not already invested I would think this would be a good entry point.

[steeplejack] 11/10/2018 10:35

Overreaction?I'd like to think so,other than it's difficult to assess how Trumps little tariff game might have unforeseen impact.One of UBS's economists is making that point today,saying that US companies earn substantial money overseas and could be the poorer for a trade war.Keller's problems in Malaysia might be specific but who knows,such contagion could spread with China slowing.We're in a bear market I suspect.The S&P has had such a good run and there are profits aplenty to take that could further depress the relatively dowdy stockmarkets eleswhere.

[jeffian] 11/10/2018 08:47

I remember that game 'Snakes & Ladders'.......

8-(

[bookbroker] 11/10/2018 08:45

Debt now the issue here as well, very frustrating for holders that a troubled sector of their business dragging the core down!