Keller Share Discussion Threads

[steeplejack] 12/3/2019 09:04

True but it’s difficult to be confident when the market behaves irrationally and moves quite independently of fact.Short term gyrations on the stockmarket are now analogous to a bizarre game of snakes and ladders dictated by a algorithmic throw of the dice.This makes CFDs and spreadbetting unacceptably hazardous.You have to stay cited in the longer term,very long term.

[value hound] 12/3/2019 08:49

...which, in turn, presents opportunities for those of us who think this is a daft valuation :-)

[steeplejack] 12/3/2019 08:35

Shows how facile the algorithmic dominated market is then.I guess their names both start with K and they pour concrete.That'll be enough to promote the companies as identical twins for some market participants.

[bench2] 11/3/2019 17:42

Guilt by association ....... share price tends to move in line with Kier ...... both low margin , big contract companies .

[steeplejack] 04/3/2019 09:25

That dividend of 23.9p gives a yield of just short of 4% on the final alone.XD 30 May

[kemche] 04/3/2019 09:14

Chart looks interesting - in for a trade.

[steeplejack] 04/3/2019 08:49

Lot of remedial action taken here.Dividend increase underlies management confidence.Very low rating.

[quemaster] 22/2/2019 12:11

I hope so rHatton as this would give us dividend cover at over x2, also reassured that this is such a quiet bb usually a good thing.

[rhatton] 22/2/2019 12:03

quemaster...interesting to see. I’m in with a small position. They’ll have taken a hit on the APAC restructuring. And spoke about mixed outlook for 2019 due to some of the major projects coming to completion but maybe all the bad news baked in

[quemaster] 22/2/2019 11:49

Results on 4th March and have bought a second lot below £5, hopefully better timing than my first trade at £6. Sharcast has forecasts at 81.22p ESP on £2141 mil revenue, fingers crossed for no more nasty surprises.

[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 09:07

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 14:00

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 11:15

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