Keller Share Discussion Threads

[ianguerin] 17/11/2024 20:17

Berenberg backs Keller as market toughens

hxxps://citywire.com/funds-insider/news/expert-view-burberry-science-in-sport-keller-boohoo-b-and-m/a2454471?page=3

[p1nkfish] 14/11/2024 20:33

It was acknowledging the current results were buoyed by historical events. Take those historical events out of the picture going forward and see where it gets. Some may have read that, or had some software interpret the release, and acted on it.

What needs to be borne in mind is that it's very hard to buck a global market that is likely to hit a very soft-patch over the next 18-24 months. Keller will feel it but may have some immunity if the USA pushes an infrastructure button and if Keller are positioned for that.

I'm of the opinion we are on the cusp of a global depression that needs action to avoid. That action may be to encourage more holes to be dug. Good for Keller.

If I'm approximately right (I'm often wrong) there is no dodging the bullet heading the way of the global economy but Keller is not a bad place to sit it out with some capital.

I thought it was well written and not the least bit put off by the TU.

[w13ken] 14/11/2024 19:18

Disappointing as today's statement was considerably less bullish than the last 2 updates:
15th May: AGM TU - "Strong start, material increase to FY expectations"
6th Aug: Interim results - "Outstanding H1 performance; expectations for FY 2024 materially increased"
14th Nov: Q3 TU - "Full year outlook remains in line with expectations"

I see one of your previous posts says the following:
"...'was in line with expectations'.
Whenever I hear quoted that irritating management-speak phrase,it invariably is a euphemism for a disappointing performance."

[bend1pa] 14/11/2024 17:47

"It was a disappointing update..."
==================================
What was disappointing about it? Where is the 'bad news' that lies ahead?

[p1nkfish] 14/11/2024 12:57

Lots of jittery people around. If you are going to panic, do it early. I hold and will continue to do so.

[jeffian] 14/11/2024 11:33

Thank you, both. I thought I must have missed something. I suppose it's a function of whether the market is in 'greed' or 'fear' mode but, when in the latter, I am amazed at the lengths some commentators will go to to find a bad interpretation to what appears to me to be a perfectly satisfactory update. I tend to be a buy-and-hold-forever merchant and, like you, am still well in the money, so hope this is just a blip rather than anything fundamental.

[w13ken] 14/11/2024 11:32

It was a disappointing update that I called wrong although I was aware of the problems in EMEA. Still good value I believe so retaining a long term position in my ISA...

[p1nkfish] 14/11/2024 11:12

It's everywhere. Some of the wording could have been better though. "buoyed by some historical items" may have spooked some.

Wording will be ever more important as more AI tools used to scan releases and it's sell first ask questions later currently.

If Trump encourages infrastructure build out and new LNG facilities it might be a positive for NA.

Fortunately have a low entry price and yield good so I'm hanging around.

I expect US under Trump will dig more holes and lay more foundations.

[kevph] 14/11/2024 10:53

Just think it's had a strong run up and people are taking money off the table to go elsewhere, off an uninspiring update. Agree though. Very harsh for an in line statement. Seems to be the way these days

[jeffian] 14/11/2024 10:50

I must be very dim. (No need to answer that!). I fail to see what there is in the TU that would cause a 13% fall in the share price I am sure someone here will explain it to me.

[w13ken] 09/11/2024 23:28

As an alternative view Keller tend to do very well and jump more than most on positive updates and then get forgotten about by some and drift down a bit.

Note that their Q3 Trading Update is scheduled for this Thursday 14th November. I wouldn't be surprised if they continue the good news below and are near 1700p within the next 10 days. DYOR.

15th May: AGM TU - "Strong start, material increase to FY expectations"
6th Aug: Interim results - "Outstanding H1 performance; expectations for FY 2024 materially increased".

[kash_] 09/11/2024 22:44

Consolidating of the dtf, but on the wtf its dipped below the 8ema. I can see this going lower before the next move up.

[bigbigdave] 07/8/2024 07:03

DEUTSCHE BANK RAISES KELLER GROUP PRICE TARGET TO 1800 (1550) PENCE - 'BUY'

[scooo] 06/8/2024 11:11

Berenberg price target 1750p made on 6th August, (raised from its previous 1500p target).

[p1nkfish] 06/8/2024 07:47

Do like that it's a literal picks and shovels play on infrastructure. As the economic mess unfolds I think infrastructure builds will be prioritised for the future after the reset is behind us. Not a one or 2 year thing imho. There wil always holes needing to be dug somewhere.

[p1nkfish] 06/8/2024 07:44

Excellent, only word needed.

[carl55] 06/8/2024 06:48

Hey everyone

[grahamhacker] 06/8/2024 06:16

Well done w13ken today's announcement shows what a fantastic turnaround has occurred. Brilliant half year results and update

[w13ken] 17/7/2024 14:18

No harm banking a profit and seems a good idea to hold on to half your holding. I only bought in May at 1129p but have rapidly increased my holding as I think they're a great company for now and the future. 5500 projects a year shows the demand.

[bend1pa] 17/7/2024 13:30

Could not look a gift horse in the mouth and sold half my holding today. Nice 2 bagger, having only held since May 2023.

Just can't believe how far and fast these shares have risen, and they still don't look expensive compared to so many other better known companies, with PERs in the 20s and 30s.

[scooo] 26/6/2024 09:47

Berenberg price target 1500p made on 15th May, (elevated from its previous 1300p target).

[w13ken] 15/6/2024 08:49

I don't see any good reason for the drop. Probably just traders moving on after a strong update spike and a dividend payment. I've topped up at 1199p and don't expect it to go much lower than that. It's a global leader in its ground-levelling area with very specialised equipment so will always be in demand for large construction projects.

If updates follow last year they'll be a strong TU around 5th July and Half Year Results about 1st August. I expect that the share price will pick up again once investors with short memories are reminded of "A very strong start to the year and a material increase to full year expectations."

[p1nkfish] 15/6/2024 07:57

Whenever you see that positive rate of change of price, unless a bid accounts for it, it always falls back a decent %. Fast down on high volume is a problem. This is more relaxing back imho.

Good luck but if it makes you too anxious best to ignore it or sell and have some peace of mind.

Dyor etc.

Also, there may be a sell in May element coming a little late. Add to that concerns about what money will be available to invest if Labour hit peoples ISA and Pension allowances and tax advantages to pension contributions and/or dividend taxes.

I can imagine the UK market suffering if money flow slow even further when Labour tax capital - bound to happen sometime during their first or 2nd term. The world is slowing substantially imho and massive growth to tax will be hard to come by, especially as unemployments begins to shift upwards.

imho etc.

[phg87] 13/6/2024 15:31

All the spike up gone. Let's see if 1200 is support.