Keller Share Discussion Threads

[p1nkfish] 09/1/2023 17:34

Indeed. Some antipodean antics.
Will there be legal action against the perpotrators?
If illegal, surely the authorities involved?

[rolo7] 03/1/2023 19:33

849p institutions had to buy shares at for fste 250 entry tomorrow! Free float reduced further now

[rolo7] 28/12/2022 18:27

omeserve (UK): Constituent Deletion

Changes in FTSE UK Index Series

28 December 2022


Further to the FTSE Russell notice published on 15 December 2022 and following the court sanctioning
the scheme of arrangement in relation to the cash offer for Homeserve (UK, constituent) by
Hestia Bidco (non constituent), please see details of affected indexes and effective dates
below:

Homeserve (UK, BYYTFB6) will be deleted from the FTSE 100 Index.

Johnson Matthey (UK, BZ4BQC7) will be added to the FTSE 100 Index and deleted from the FTSE
250 Index.

Keller Group (UK, 0486622) will be added to the FTSE 250 Index and deleted from the FTSE SmallCap
Index.

All changes effective from 04 January 2023.

[p1nkfish] 28/12/2022 17:19

Not a bad place to hide-out as the world grinds close to a halt for a while.
No easy pickings elsewhere, paid to wait here.

[rolo7] 28/12/2022 14:32

just added here looks interesting cheap on a pe nice dividend, fste 250 entry possible in march will get buyers in unless a fste250 get delisted before that?

[p1nkfish] 09/12/2022 21:57

Blackrock (worlds largest investor) 2023 outlook. I agree about the infrastructure, gap and transition. Infrastructure not a bad place to be.
Plays to Keller strengths.
Not sure link below will be allowed.

They have possibly underestimated the chance of some disruptive deep-tech coming through in 2023 in Energy or Health but that's very unpredictable and would take a long adoption time.

[scooo] 17/11/2022 09:27

Solid, high level order book.

Increased investment in additional rig capacity in preparation for the expected ramping up of involvement in NEOM, and higher working capital requirements to facilitate growth, have still been accommodated with a 5% increase in the final dividend.

NEOM is a massive project in scale and duration which KLR can potentially become an important part of. Whilst the initial order is a modest £45m, there is the … ”potential to generate contract revenues in the hundreds of million pounds in future years”.

Below is an extract from the earlier Trading Update of 27th June 2022.
RNS Number : 2053Q
Keller Group PLC
27 June 2022

Major new contract

Keller is one of a small number of geotechnical contractors to have been selected to undertake work on the prestigious NEOM Giga project in the Tabuk Province of North West Saudi Arabia. The first element of the NEOM project is 'The Line', a 170-kilometre-long mega-city, starting in the west at the Gulf of Aqaba, continuing through the Sharma Valley and terminating at the NEOM International Airport within the upper valley region. The Line is subdivided into approximately 135 modules, each containing 8 buildings founded on large diameter bored piles. Keller has signed an umbrella Framework Agreement in respect of the project, and is mobilising for an anticipated first works order on a portion of Module 40 which has an expected value to Keller of around £50m, with the work anticipated to be completed within the next twelve months. Further works orders are expected to be awarded later in the year on subsequent modules. We have a longstanding presence in Saudi Arabia and we are delighted to have been invited to participate in NEOM, a world class construction project. Following the signing of the Framework Agreement Keller is very well positioned to participate in the future geotechnical work, with the potential to generate contract revenues in the hundreds of million pounds in future years.

[p1nkfish] 17/11/2022 07:21

Very good update. Ploughing through uncertainty and divi increase.

Can't see anything negative.
Saudi interesting for multiple contracts etc.

[scooo] 15/11/2022 20:48

Trading Update on Friday 17th November.

Order book, outlook and particularly some insight into developments in the potentially significant NEOM project in Saudi Arabia will be of interest.

[p1nkfish] 02/11/2022 09:52

I've been adding too in dribs and drabs.
Boring, but nothing wrong with that. Solid enough, recession baked into the cake so not a bad one to hold out in for a while, with long contracts.

[jeffian] 12/10/2022 10:46

I added to my holding this morning. Back in the late 1990s up to 'Year 2000' when tech was king, I built my portfolio entirely on the basis of High Yield/Low PER stocks and it was a strategy that stood me in extremely good stead (particularly when 'dot.com' had its emperor-has-no-clothes moment). I feel that opportunity is coming round again. I don't know whether this stock is anywhere near bottom, but I feel very comfortable with holding at this level.

[p1nkfish] 10/10/2022 20:36

Supposed to be recession resilient and yieding towards 5.5%?

[scooo] 07/10/2022 23:57

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 12:22

That will change.

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

[daisylove] 03/8/2022 11:13

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

[p1nkfish] 28/6/2022 09:53

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

[scooo] 28/6/2022 09:12

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 09:49

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

[buoycat] 23/6/2022 14:40

Time to top up?

[km18] 18/5/2022 17:37

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.