It's derisory to say ' just councillors ' and the do ultimately get paid an allowance, |
Rosie Driffield , Beth Winter , Shaun Davies, |
ok, but those Broxtowe councillors are not MPs. they're just unpaid local councillors who involve themselves in local governance. you said MPs have quit and that you believe they are now independents. which MPs? i don't see any, but obviously you've looked into this, right? |
Broxtowe councillors , including MP's , DYOR |
ok, well i'm glad you think they're hardly heading that way, but who are these 20 councillors who have quit and the mps that you believe are now independents? |
A vote of no confidence can be triggered by any MP, lesser chance of success, if the opposition leader triggers it , it could be classed as being triggered by House of Commons, all out there to read , see another 'personal.appointment' of Starmer , is linked to corruption in another Country, if everyone thought the Conservatives were 'Sleazy' then Labour are hardly 'possibly heading that way' interesting to see how this plays out , it is a bad distraction for The Country as a whole . |
you were talking about a vote of "no confidence". how would that come about? you're saying that starmer's majority is being eroded. are you saying that 20 MPs have left the government and become independents? |
bathboy/wallywoo, that's an interesting comment you're making - "labour stay in much longer there will be mass civil unrest,,". do you think labour will be out of government soon?
You said a couple of days ago that there would be a "vote of no confidence". how would that come about? |
Huge over-reaction from indiscriminate market sell-off. Kier Group reports on the 21st. This is priced as though it's almost bust like it was 6 years ago. Today it's a completely different business with about £165m net cash. Divi payer too. Turnover seems to be up. I'm back in. |
And also accidents waiting to happen , the car crash share drop today , with the top UK construction company lol |
You haven't seen anything yet , labour stay in much longer and there will be mass civil unrest.The NHS is full off overpaid , underworked staff on massive pensions, only really worked staff are in A&E , which then hold up the ambulance services , so they cannot do their jobs , the system is so overweight , with too many unproductive staff , it needs a massive shake up , but no one's got the bottle to do it |
The bond yield is being hurt by USA and a pending Trump presidency. It has a knock on effect in UK.
What is bemusing the electorate wants more doctors, nurses, homes and fewer potholes - it cost £ and last Government had highest tax % burden - so how would a new Government secure the money to address public concerns? The last Government messed up the economy - don't forget Truss, NHS, strikes,. |
-15% in a month and no sign of reversal |
also, what's "leading company"? The news story being highlighted is about value of contracts won over the last 12 months. Kier's up £1bn on the previous year. Pretty big news I'd say. |
no confidence vote will "prevail"?? Why don't you stick to words that you know the meaning of? Pompous w@nker. You're not exactly a political expert either. |
Not leading construction company, largest is BBY by a country mile and on work won in the last 12 months , 2nd to MGNS, fact check |
Labour are destroying the economy, I said they would, it was doing ok before they came to power , but was at least stable , it was beginning to show signs of a breakout , but that has now gone , if this goes on another 3 months on a downward spiral, then a vote of no confidence, will prevail IMO |
 Kier rerating on the cards, says Deutsche Bank
Deutsche Bank is predicting a rerating at Kier Group (KIE), which is benefiting from its leading position in UK infrastructure.
Analyst Jonathan Coubrough retained his ‘buy’ recommendation and increased the target price from 200p to 235p on the construction group, which was trading up 1% at 144p on Wednesday morning and is up 31% over the past year.
Coubrough said the group has ‘leading positions [in] UK infrastructure markets, generating nearly all revenues from UK public sector and regulated customers’, across roads, rail, water, education, health and justice
It has seen growth in its order book. That sets Kier up for ‘strong multi-year revenue visibility’, said the analyst.
Coubrough estimated 50% earnings growth over the medium term, and a ‘potential re-rating from less than 7 times price to earnings to sub-sector averages of more than 10 times as the group achieves average monthly net cash over the next financial year’.
‘[Kier] has attractive opportunities across its core markets, enabling ongoing selectivity,’ said Coubrough. |
It's also worth bearing in mind the government's intention reported last month to vastly increase infrastructure and construction projects this year, so this year could be an even bigger one for Kier than 2024:
PM pledges to fast-track 150 infrastructure schemes
In response to the Government statement of intent, National Infrastructure Commission Chair Sir John Armitt said: “Signing off 150 development consent orders is a huge undertaking, but essential given the sheer magnitude of transformative infrastructure the country needs.” |
The markets spooked today on fears of a UK recession.
Meanwhile, our favourite construction firm continues to win work and grow the business. Kier very nearly caught up with Morgan Sindall in terms of construction contracts won over the last 12 months according to Construction Enquirer, finishing the year in second place with over £2.27bn and a mere £22m behind MGNS (2.298bn).
Incredibly this is a full billion pounds more in contracts for Kier compared with the previous year.
Here's the ranking table:
Kier's shareprice today is about where it was a full four years back when the business still had a very substantial debt pile, smaller turnover, lower margins and no dividend. The business now has net cash and reinstated the dividend in 2024, paying out a quarter of its earnings. I'm expecting management to increase the dividend to one third of earnings for this year. We may get news of the interim proposed payout in the update. All brokers have Kier down as a buy. The share price is massively undervalued by any practical measure. Trading update in 12 days (21 Jan). |
Why the drop -Trump trade war or HMG renegotiating contracts? |
The data shows K has secured £1bn of additional revenue compared to 2023. |
StdyEddy
You don't seem to follow what an RCF is. It is an overdraft. Could be 0 one day and £10M the next. It is the RCF that have been reducing.
the key thing to get rid of will be the loan notes as they will be painfully expensive but paying them off will incur penalties |
Today's construction data although above 50 suggests there is a squeeze about to happen, where HMG uses its buying power on HS2 and other schemes? |
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