Keller Group Plc

-1.00 (-0.14%)
Share Name Share Symbol Market Type Share ISIN Share Description
Keller Group Plc LSE:KLR London Ordinary Share GB0004866223 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.14% 703.00 3,861 08:32:06
Bid Price Offer Price High Price Low Price Open Price
698.00 703.00 732.00 700.00 732.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Engineering & Construction 2,945.30 46.00 62.90 11.29 511.62
Last Trade Time Trade Type Trade Size Trade Price Currency
08:46:41 O 1,133 701.695 GBX

Keller (KLR) Latest News

Keller (KLR) Discussions and Chat

Keller (KLR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Keller (KLR) Top Chat Posts

Top Posts
Posted at 17/5/2023 17:17 by bend1pa
I'm sure that any further news from Australia won't be good, but it seems that KLR can safely take that issue on the chin. KLR seems to be good at weathering financial storms, be they internal or external ones.

It's been a while since we had any interest shown on this thread, or that we've seen a daily uptick of this size. Hopefully this is the start of a significant rally.

Posted at 31/1/2023 22:18 by wad collector
The IC article headlines about the LINE project in Saudi. I know that it is just one facet of the work , but it seems so obvious that the whole concept of a 170km long desert building is an extraordinary vanity project. It is a terrible idea that is an ecological disaster that will eventually end as a linear gravestone of concrete to a leader who surrounded himself in yes men who didn't want to point out his folly.
Now I am all in favour of separating foolish rich men from their cash , but eventually Saudi will back out of the plan, and to save face will accuse all the foreign contractors of negligence and stop paying the bills. HMG won't help as they won't want to offend the oil suppliers.
Hopefully KLR have supped with a long spoon so the price renegotiations turn out to be minimal , but I somehow suspect that the "Hundreds of millions in future years " is about as likely as Saudi having a General Election...

Posted at 17/11/2022 09:27 by scooo
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.

Posted at 07/10/2022 23:57 by scooo
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

Posted at 03/8/2022 11:13 by daisylove
KLR really looks undervalued but doesn't seem to be of much interest to investors.
Posted at 28/6/2022 09:12 by scooo
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.

Posted at 27/6/2022 09:49 by jeffian
Not a well-followed share on here, but a good Trading Update this morning.
Posted at 18/5/2022 17:37 by km18
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


Posted at 21/2/2022 18:35 by km18
...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


Posted at 27/7/2021 14:12 by tole
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.
Keller share price data is direct from the London Stock Exchange
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