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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kier Group Plc | KIE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.60 | 2.32% | 158.60 | 16:35:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 151.40 | 151.40 | 159.20 | 158.60 | 155.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/03/2024 | Interim | GBP | 0.0167 | 18/04/2024 | 19/04/2024 | 31/05/2024 |
| Top Posts |
|---|
Posted at 18/7/2024 07:38 by stdyeddy A massive re-rating will be occurring here. Kier has net cash of £165m and is the clear sector leader in prisons, schools and hospitals, not to mention its huge presence in every aspect of public infrastructure such as roads, and now rail (due to its purchase of Buckingham's rail division). Order book is a huge £10.7bn and that is likely to grow under the current Labour government.My guess is that the final dividend will be double the interim - Kier committed to paying out a third of its cash profits in dividends a few years back during its last share issue and investors have waited patiently for that return. All analysts have Kier down as a buy and Berrenberg's price target was 220p (from memory) but I think we will blow past that very quickly now. |
Posted at 24/6/2024 15:51 by wallywoo Nah because there are 451m shares in issue this will never shoot up.Then of course you have the added problems of ; 1) off balance sheet debt 2) high risk / low margin contracts 3) still has weak balance sheet with very little net assets (after ignoring all the silly goodwill assets). The best you can hope for is a 1-3% dividend yield and a share price around 130 -150p. Doesn't sound great to me, with all that risk and when you can get 5% from the bank.. And of course, lots of work for paid rampers trying to keep demand up for all those shares!!! |
Posted at 15/5/2024 17:39 by itisonlymoney stutes you are clearly desperate for something negative to say. likelihood of kier 'tapping the market' is approximately zero. kier has been growing net cash and might have about £80m by now. maybe more. we'll probably know in the trading update in a july. no need to raise cash. the businesses is paying a dividend now. completely different cash situation.also you don't understand the history with kier. davies took the the helm and had to deal with the fallout from three big takeovers that kier made in recent years. he won't want to repeat that. big shareholders most likely wouldn't even agree to it. if kier buys any business, it'll be a small thing like the buckingham rail division that cost £9m, paid for in cash and will probably pay for itself in a yr. more likely scenario for takeovers is a foreign investor making a bid for kier. a czech bloke is about to take over royal mail. uk assets are seen as cheap and great value and that's definitely true of kier - uk gov biggest contract winner. fwd p/e of about 5. dirt cheap. shares would double or more on an approach. |
Posted at 05/4/2024 17:07 by itisonlymoney price has dropped just about to the long term trend line, so i think we'll see a reverse back up shortly. also today is financial yr end for taxpayers (but not kier) so a lot of ppl have 'rebalanced' their holdings. the entire market is down as a result.key things i'm keeping in mind are that the company is increasing profitability and the business is well run, has just started paying a dividend again after five years without, the shares are now in the ftse250. the big rail contract jsut announced shows that davies has quickly integrated buckingham into kier and it's already paying its way. that was a small investment. kier bought buckingham's rail division and its profitable contracts for buttons. it's going to pay off big time. kier's yr end is less than 3 months away. there will be a good set of numbers. final divi when it's announced will likely be double the interim. current run rate for profits will put earnings at around £120m. look at the market cap. that's a p/e of about 4. a p/e of 4 for the biggest regional construction business, the biggest winner of govt contracts, one of the biggest brands in the UK sector. kier has negotiated the inflation 'crisis' and stayed profitable. there's no way that this company is only worth a p/e of 4. berenberg has a price target of 210p. every analyst has this company down as a buy. anyone looking at the massive rise from 100p will have been wishing they'd bought in. this looks like it could be the moment for anyone who hesitated and missed out. |
Posted at 07/2/2024 23:48 by stdyeddy The usual garbage from you.No large construction companies have failed recently. Small ones fail all the time. And you're saying that banks will 'not want to lend' to Kier? That's funny, because you've spent a couple of years telling us that banks are lending almost a billion to Kier. So now that the company is back on its feet and has net cash and is about to announce a dividend, suddenly banks don't want to lend? Yeah, ok. Rates will be 'punitive' will they? What would that be then? Funny how the share price is unmoved by the news. Got any thoughts on how it'll react to Kier re-joining the FTSE250? Looks like you were completely wrong about Kier going broke. Dividend announcement next month. |
Posted at 18/1/2024 08:08 by stdyeddy Excellent news in the trading update:Order book The order book as at 31 December 2023 was c.GBP10.7bn, a c.6% increase on the year-end position (30 June 2023: GBP10.1bn) and the prior year comparative (31 December 2022: GBP10.1bn). The Group has secured revenue of 92% for FY24, providing a high degree of visibility. Long-term framework positions are excluded from the order book and represent an additional opportunity. Bidding discipline and risk management embedded across the business continue to drive the high quality and profitable order book. Recent awards include: -- Infrastructure Services: o Natural Resources, Nuclear & Networks: Awarded a c.GBP30m contract with Evolve to deliver a pipeline in Northern Ireland under their Gas to the West project -- Construction: o Awarded four education projects worth a total of c. GBP150m, a healthcare project worth c.GBP60m and the contract to deliver a new houseblock for the Ministry of Justice at HMP Elmley worth over GBP100m. Net cash / debt Kier's focus on operational delivery and cash management alongside the cash generation from the strong volume growth has successfully resulted in the Group continuing to deleverage materially with average month-end net debt of c.GBP(140)m (HY23: GBP(243)m) showing a significant improvement of c.GBP100m. Kier is expected to report a modest net cash position at 31 December 2023 (HY23: GBP(131)m). Dividend The continued resilience in trading, order book security and ongoing strengthening of the balance sheet provides the Board with confidence to resume dividend payments in the current financial year, commencing with an interim dividend to be announced alongside the half year results. Andrew Davies, Chief Executive of Kier, commented: "Kier has made a good start to the year, in line with our expectations. I am particularly pleased with the progress we are making on reducing debt, which has resulted in the Group materially deleveraging its balance sheet in the first half. We have achieved this through disciplined growth as well as our unstinting focus on operational excellence, cash management and cash generation. Kier remains well positioned to continue benefiting from UK Government infrastructure spending commitments and this gives the Board every confidence in delivering our medium-term value creation plan." |
Posted at 17/11/2023 01:31 by itisonlymoney funny how you say youre concerned. youre not really concerned, are you? because youve been doom mongering about kier for years.the facts from kier show it continues to do well. order book has grown not shrunk. continuing deleveraging. debt is going down. more projects are confirmed. 85% last yr, but 91% confirmed now. on track to pay a dividend. if you did a little research, you'd know that kesterton has said that the move to paying a dividend would only be announced when kier had clear sight of sustainable profits. if you did some research, you'd know that kier has committed to paying 30% of profits in dividend. if you did some research you'd know that kier is announcing the interim dividend in january. if you looked at a calendar you'd know that january is the month after next. if you did some research you'd know how kier's goodwill is calculated but because you dont even bother to read the annual report you have no idea. now how about answering my three questions for you. |
Posted at 24/5/2023 13:42 by stdyeddy Another wolly -- lie; I've been following Kier for four years, not five. Mid-2019 is when the business shareprice crashed and I started trading Kier. At one point the shareprice tripled. During the last rights issue it almost tripled again from 50p.Also, it's not true to say that I've always been positive about Kier -- twice I sold out after making money, due to disappointment in Davies's leadership and said so on here. However, though a bit slower than I would like, he is getting the business to where it needs to be. Since Davies took over, Kier has raised hundreds of millions from asset sales and two rights issues. Thousands of staff were made redundant and contracts written down. The dividend of £50m was cancelled in 2019. We've also had a major pandemic which cost Kier millions in distance working and other arrangements and the biggest European war in seventy years causing a supply shock and inflation. Kier has survived all of that, and now has net cash at year end instead of debt. Kier is winning more contracts by value than any of its peers. PIs sold out of Kier at the beginning of the war, but the share price suggests that people and institutions are buying back in (see the FT profile page for movements in major holders). Year-end is in six weeks. The UK is forecast to avoid recession, inflation is coming down. My prediction is that Kier's share price will continue to recover and will hit £2 on any kind of dividend prediction from management, possibly this autumn. |
Posted at 18/1/2023 11:12 by stdyeddy Tomorrow we get the trading update on the first half of this financial year for Kier. Let us see if the market's pessimism on the share price is justified -- currently Kier shares are priced on a p/e of about 2.5 forecast earnings; that is very low and would be appropriate if the business were on the point of collapse.Instead, Kier has been rebuilding its balance sheet for three years now after shedding about 40% of its workforce. Kier raised £330m less than two years ago and Davies promised during the last report that the 'exceptional' costs period (mainly redundancies, writedowns and 'restructuring') is over. The covid tax deferrals have been paid off; KEPS financing has been paid off; the pensions are likely in surplus again; profitability has exceeded the firm's forecast of 3.5% margin for the last two reporting periods; and Kier is winning more business than any of its peers. This is not a business on the point of collapse. The reality is that Kier is a construction firm on the point of sector dominance. The shareprice is oblivious to this. One other little factor -- Davies got a strong rebuke from shareholders over executive pay proposals at the agm (almost voted down), linked particularly to the poor shareprice performance. Kier's share price continues to underperform against most of its peers; the market is not yet aware that the firm has been transformed from the bloated mess that it became under Haydn Mursell. Davies's dour tell-it-like-it-is demeanour when it comes to Kier's performance has, in my view, been a little too focused on the negatives. Kesterton said that dividends would come when the firm has clear visibility on profitability. The pair of them must be wondering what it will take for Kier's luck to change -- first a global pandemic that has cost the business millions in covid measures; then a major European war that has inflated materials costs; and now a recession on the doorstep. But if Kier has managed to continue to trade profitably through this worst-of-times period, I really think Davies and Kesterton should start at least talking about the dividend in terms of 'if we hit this target of xx, at this date, we will initiate a small dividend...' The effect of a dividend, no matter how small, will, I suspect, have a disproportionate effect on the share price because it will be tangible evidence that the bad times are properly behind Kier now. Talking about it in specific terms would encourage the market to properly reassess Kier as a business. |
Posted at 16/1/2023 09:56 by stdyeddy This Thursday we get a trading update on the first half of this financial year for Kier. Let us see if the market's pessimism on the share price is justified -- currently Kier shares are priced on a p/e of about 2.5 forecast earnings; that is very low and would be appropriate if the business were on the point of collapse.Instead, Kier has been rebuilding its balance sheet for three years now after shedding about 40% of its workforce. Kier raised £330m less than two years ago and Davies promised during the last report that the 'exceptional' costs period (mainly redundancies, writedowns and 'restructuring') is over. The covid tax deferrals have been paid off; KEPS financing has been paid off; the pensions are likely in surplus again; profitability has exceeded the firm's forecast of 3.5% margin for the last two reporting periods; and Kier is winning more business than any of its peers. This is not a business on the point of collapse. The reality is that Kier is a construction firm on the point of sector dominance. The shareprice is oblivious to this. One other little factor -- Davies got a strong rebuke from shareholders over executive pay proposals at the agm (almost voted down), linked particularly to the poor shareprice performance. Kier's share price continues to underperform against most of its peers; the market is not yet aware that the firm has been transformed from the bloated mess that it became under Haydn Mursell. Davies's dour tell-it-like-it-is demeanour when it comes to Kier's performance has, in my view, been a little too focused on the negatives. Kesterton said that dividends would come when the firm has clear visibility on profitability. The pair of them must be wondering what it will take for Kier's luck to change -- first a global pandemic that has cost the business millions in covid measures; then a major European war that has inflated materials costs; and now a recession on the doorstep. But if Kier has managed to continue to trade profitably through this worst-of-times period, I really think Davies and Kesterton should start at least talking about the dividend in terms of 'if we hit this target of xx, at this date, we will initiate a small dividend...' The effect of a dividend, no matter how small, will, I suspect, have a disproportionate effect on the share price because it will be tangible evidence that the bad times are properly behind Kier now. Talking about it in specific terms would encourage the market to properly reassess Kier as a business. |
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