I do not have so much hope to see the share price raises at an acceptable level. Institutions own 83% of the company and they manipulate it as they want.
Ok, 5% up today but intra-day flat (might be buyback already started). Only £20m which is worth less than 3% of the stock.
Nevertheless, the long-term view is bright (unless gov)
I hope to see the share price stable above 160p one day |
good to see davies and kesterton giving some attention to the share price. the share buy back is only £20m but it lets peel hunt get properly behind the shares and give support. that should bring an end to the nonsense valuation we've seen here. |
I ve just bought some more. Very reassuring, I think builders will do well for the next 3-5 years and have a decent amount of Balfour Beatty too. |
Excellent trading update from our favourite construction firm this morning. Wasn't expecting the share buyback on top of the increased dividend. The business is running at about £100m a year in cash generation, and that's even accounting for dividend payments, so about £120m altogether. Looks like they're maintaining margin and making good profits. |
 From Construction Enquirer:
KIER LAUNCHES £20M SHARE BUYBACK AS DEBT CUT
Strong trading and cash generation in the first half of the year saw Kier strengthen its balance sheet shrinking average month debt to £38m from £137m previously.
The improved financial position saw chief executive Andrew Davies launch a £20m share buyback programme this morning.
In an upbeat trading update for the first six month he said Kier enjoyed a strong order book at the end of December, up to 3% at £11bn on a year before giving the contractor confidence for the full year performance.
“Kier has delivered a strong first half performance, in line with our expectations, ” said Davies.
“We continue to be well positioned to benefit from UK Government and regulated industry infrastructure spending plans into areas where Kier offers market leading services, notably transport, education, healthcare, justice, defence, nuclear and water.
“Given our order book growth combined with our continued de-levering and greater confidence that we will achieve an average month-end net cash position, we have announced today a £20m share buyback, as part of our evolved capital allocation policy to maximise shareholder returns.”
He added that as a strategic supplier to key areas of the new Government’s priorities, including transport, education, healthcare, justice, defence and nuclear, Kier saw significant medium term growth opportunities, also support by substantial investment in the regulated water sector. |
Large off-book trades
Guys most large trades ...maybe 90%+ are off-book.
Well, that's not altogether true. They are off the LSE book but they are on on book for one of the other trading venues. Given the delay you have no way of telling when it was executed or working out whether it was a buy or a sell so don't bother :) |
I cant remember which moron it was who kept denying that Kier was running debt. the update today is pretty clear but maybe the CEO is wrong again :)
A pretty decent update I think and the buy back will attract more attention. Given the contrary market we should be 105 by the close:) |
8.53 138p 1,000,000 OB unknown
8.41 138 750,000 OB unknown
8.41 138 738,000 OB unknown
Sharescope not clear whether they are buy or sell but buys around the same time were at 138 could they be buys. They were classed as off book |
trading update tomorrow. construction enquirer rankings show kier with £1bn more contracts this yr compared to last yr. what i'd like to know is, what kind of double dealing thievery is being done by the market makers for kier shares today? 2.5mn shares traded in the first hour and 20 minutes, which is about two and a half times a normal daily trade volume but the price stays static. how likely is it that? what idiot is selling kier before the trading update when the business has been winning work hand over fist for a yr? seriously, who is being conned out of their kier shares today at 138p, the price of this business when it was almost bust? who is selling 2.5mn shares b4 the next interim dividend announcement? |
Also this:
Kier and Galliford Try appointed to £850m utility framework
Framework client Yorkshire Water said the work represents part of its “largest ever” environmental investment, as it looks to invest £8.3bn across the network in the next five years.
Kier, Galliford Try and Tilbury Douglas were all appointed to the first lot, which is worth £850m. |
Our favourite construction firm is getting on with business:
Kier signs £243m army barracks upgrade
The £243m contract includes mostly new-build construction of live, work and train facilities over the next five years.
The award is part of the wider Defence Estate Optimisation Single Living Accommodation & Technical Infrastructure Programme, which spans the MoD’s UK estate. |
Sounds to me like Kier are set to make more money out of the Oxford station project; with all the extra work to solve the service issue. |
Network Rail and its contractor Kier have indefinitely delayed the replacement of the railway bridge over Botley Road as part of the £161M Oxford station upgrade to the complexity of rerouting utilities.
There are 11 different utilities running under this road which have caused setbacks for the project. This goes back to January 2023 when the start of works was delayed due to the complexities in rerouting the services. Work started in April 2023, closing Botley Road. It was supposed to reopen temporarily between October 2023 and March 2024, but remained closed throughout this period so that engineers could work through the issues.
However, even with this additional time, the rerouting work has not sufficiently progressed. Network Rail describes the site as an “outdated maze of pipes and cables spread out below the highway, in a severely constrained space, with poor ground conditions and significant water levels”. This has made the work “very challenging”, with the rerouting of sewers, electricity and internet cables still being worked out.
The road will remain closed indefinitely and work to install the new rail bridge, which was supposed to occur at the end of July, will be paused for the time being.
Network Rail said it is working with Kier and local authorities to agree the best way forward to complete the project and minimise impact on the city. |
Saw on TV last night that the Oxford station project is going extremely badly. The rebuild of the rail bridge is proving too difficult altogether and has no end date. Kier is lead contractor for this, anyone know the extent of their financial exposure? |
Whoops 1 down from the government, and for the other special , see construction shares are going well.Anyone can give an answer in my question, is the change of government making anyone feel well off ?? |
How many more construction firms are affected by the new legislation? |
Exactly what I thought , Iknew you wouldn't answer my questions at all , not credible |
why did you say that two people were now independent MPs when they're not, and why did you say that 77 labour mps have said they would vote for "no confidence" when none have? |
Answer this , if you can , are the labour government currently making good decisions and good things for our country, and do you feel richer in in your pocket now and do you feel you will going forward, if on the current trajectory, with the current leadership |
you said "including MPs" about quitting and becoming "independents" but Beth Winter did not resign as an MP and she is not an "independent". Nor has Shaun Davies resigned - he's still a labour MP. Why did you say that they had? |
77 is incorrect. No labour MPs have said that they have "no confidence" in the government. None. not even one. |
and one other question - why did you say that Shaun Davies and Beth Winter are now independent MPs when they're not? |
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