Keller Share Discussion Threads

[scooo] 07/10/2022 22:57

From KLR website hxxps://investors.keller.com/analyst-estimates

Analyst estimates as of 26/9/22 Consensus of 4 analysts :-

Consensus EPS 2022 101p, 2023 108p, 2024 112p

[p1nkfish] 03/8/2022 11:22

That will change.

Lots of holes will be dug to dig the whole world out of a hole.

[daisylove] 03/8/2022 10:13

KLR really looks undervalued but doesn't seem to be of much interest to investors.

[p1nkfish] 28/6/2022 08:53

A lot to like, looked like double bottom around 700p.

[scooo] 28/6/2022 08:12

Putin's storm clouds have a silver lining : -

Keller will be involved in the construction of U.S. Gulf Coast facilities needed for LNG exports to Europe, combatting Russian gas sanctions. The U.S. is Keller's biggest market.
The Saudis are apparently awash with cash from higher oil prices and are splashing out on a 170-kilometre-long mega-city property development which is already bringing contracts to Keller's Middle East division.

The dividend is rising and share buybacks may be on the horizon. Record £1.5bn Order book, strong cash generation, PE7 for 2022 and 5% yield.

[jeffian] 27/6/2022 08:49

Not a well-followed share on here, but a good Trading Update this morning.

[buoycat] 23/6/2022 13:40

Time to top up?

[km18] 18/5/2022 16:37

Keller Group plc (KLR) issued an AGM Trading Update this morning. The Board's expectations for the full year remain unchanged supported by a record and growing order book of £1.4bn and an FX tailwind. The Group has had a mixed start to the year, whilst revenues are in line with expectations, overall Group performance has been affected by materials shortages and the residual effect of inflation. Full year expectations remain unchanged. Management expect net debt/EBITDA leverage ratio to remain within the 0.5x-1.5x target range (2021: 0.8x). At today's AGM approval is being sought for the 2021 final dividend of 23.3p per share (2020: 23.3p per share). So the top line is growing steadily, but profits are taking a hit. Valuation is reasonable with forward PE ratio under 8x, the balance sheet is solid. Share price lacks momentum and the impact of flagged up cost pressures poses some risks to EPS estimates in FY22. A share to monitor for the time being, but still a solid company and at a decent price...

...from WealthOracleAM

[km18] 21/2/2022 18:35

...from last year...

Company overview:Keller Group is a leader in geotechnical engineering solutions, operating in more the 40 countries. With projects like PortMiami Terminal B and Thames Tideway in the portfolio, the group can solve a wide range of challenges across the entire construction sector. Biggest contributors to revenue are projects in infrastructure and public buildings, with power and industrial following. The company has clear opportunity to grow with addressable markets estimated at $15bn, compared to Keller currently covering only $2bn. The group operates in a high margin sub-sector of specialist geotechnical contractors, supporting their ability to generate cash. With significant levels of CapEx and several acquisitions, Keller is following a more blended approach towards growth.
Last year’s performance saw a decrease in revenue of around 10%, balanced by a healthy increase in net income. Update from May was positive with the group experiencing trade ahead of expectations combined with strong order book of more than £1bn. Their forecast that profits will have a second half bias are confirmed also in their latest trading update. The stock is climbing, even though today they have reported a 18% drop in adjusted operating profit at £39.5m. The main reason is the strain on margins from the pandemic and the FX translations. Keller has seen better than expected performance in H1 and has managed to reduce net debt by 27% to £113.4m. The thesis for a more profitable H2 is further supported by increase order book by 11%, to a record high £1.2bn. The forecast earnings P/E of 12 is another reason to look at the stock, even in the presence of volatility over the past few years due to the capital-intensiveness of the business...

...from WealthOracleAM

[p1nkfish] 28/1/2022 11:32

I did too DL. Boring but fairly reliable.

[daisylove] 28/1/2022 11:28

KLR fluctuates massively over time. However it's a strong company with a reasonable dividend so I took a punt on this dip. Hoping for £10+ some time later in 2022.
DL

[p1nkfish] 28/1/2022 09:35

This looks increasingly interesting. Yield and more holes willl be dug in more places to keep the wheels from falling off the global economy. What am I missing?

[scooo] 13/12/2021 10:40

Recon acquisition seems to be meeting expectations in Keller's biggest market, the U.S.. Today's announcement of a $160m contract win augurs well for the future. RECON Services website, hxxps://www.reconservices.com/ provides a deeper presentation of its services.

[p1nkfish] 12/8/2021 11:17

About time.

[lancasterbomber] 03/8/2021 08:42

Taking off like a rocket ship on good results

[tole] 27/7/2021 13:12

https://www.fool.co.uk/investing/2021/07/27/the-best-uk-shares-to-buy-in-this-whipsaw-market/Why I think these are UK shares to buyRight now, for example, I'm keen on geotechnical and groundworks contractor Keller (LSE: KLR). The company issued a positive outlook statement in May. And the business has been recovering well from the challenges of the pandemic.City analysts expect earnings to rebound higher by around 27% in 2022. And with the share price near 847p, the forward-looking price-to-earnings ratio is just below 10. I think that looks like good value. And on top of that, shareholders will likely collect a dividend for the 2022 trading year, yielding just over 4.5% measured against today's share-price level.Meanwhile, the growth strategy is rolling out at pace. And on 14 July, Keller announced the bolt-on acquisition of a geotechnical company called RECON Services in America. The directors said the purchase will help Keller become "the preferred international geotechnical specialist contractor."Overall, in a world that looks set to focus on infrastructure development as it 'builds back better', I think Keller looks well-placed. However I could, of course, be wrong. And if further general economic weakness causes earnings to slip, I could easily lose money on the shares. Nevertheless, I'd embrace the risks now and add the stock to my long-term diversified portfolio.

[guyswonga] 03/6/2021 03:03

ex-dividend day today not to shabby 2.7% divi

[scooo] 26/5/2021 09:36

KKR private equity have recently offered £2billion for British infrastructure giant John Laing. They presumably anticipate good US infrastructure prospects for John Laing under the Biden administration. Schroders hold a big chunk of John Laing equity.

Schroders announced on 25/5/2021 that they now hold over 10% of Keller Group, which is also well positioned for the Biden 8 year infrastructure program. Keller’s share price does not reflect much brighter (2022 and onwards) prospects, especially in the US, but certain parties have seen the light.

[scooo] 19/5/2021 06:33

Speakman has been cautious and disciplined from the outset, during which time the company has driven on solidly through the pandemic to where Covid is now in retreat.

KLR’s main market is the US (60% of company revenues in 2020), where Biden enjoys considerable cross party agreement in advancing his infrastructure spending program. Construction forecasts for the US are positive. Postponed contracts should reappear. This environment looks more promising for the order book.

[scooo] 16/5/2021 11:56

Keller Trading Update and AGM due on Wed 19/5/2021.

[b1nky] 16/4/2021 16:36

Guy Hands just bought Kier Living for £110m

[b1nky] 09/3/2021 15:08

I agree with Jeffian. If you don't need the money and are relaxed about the share price, this is a great place to park your money. Good steady earnings. Good cautious management. Good divi. Safe. Safe. Safe.

[jeffian] 09/3/2021 09:43

Yes, very sound. It's hard to see how the outlook statement could be anything other than cautious given the circumstances around the world where many countries are far behind us in the vaccination programme and the full financial impact of Covid has yet to be revealed as Government support is withdrawn. However, this is on such an undemanding PER and with a good divi, it's not hard to hold while the world sorts itself out.

[igoe104] 09/3/2021 07:39

Excellent results, and exceeding. But forward looking statement looks iffy

[igoe104] 08/3/2021 08:06

Lovely start to the week.