I look at Lloyds Banking share price and their buyback and think with all the billions spent why isn't Lbg trading north of £1? Buyback imo only rewards the City and the management via bonus schemes. |
nice to see this go blue at the close. big infrastructure news week next week apparently. the talk around heathrow expansion is a taste of whats to come. people have forgotten that the government was talking about trebling the number of projects this yr. |
What price are the buying shares back at ?? Also not a 'Vistry' situation in the wings !? , as they report good results and then had to dial back on them ?? , see still trepidation on the share price. |
Share buy back makes Kier more attractive to U.S investors. |
Why is K's financial results weighted more towards the second half? |
You make a good case. My view is £20m is surplus cash and is better in shareholders' pocket rather than an a buyback that fails to boost share price in the medium to long term (Lloyds bank). |
 it's the circumstances stutes. i prefer the share buyback here because kier management is getting wise to the stockmarket. they've obviously been getting advice from people who understand how the stockmarket works. part of davies and kesterton's bonuses depend on kier hitting shareprice targets. they've tried to get the market interested in the shares in capital market days and results presentations and they always fail because there's a lack of confidence and understanding out in the market.
there's no way for instance that the share price should've got to 130p the other day. that's an insane valuation for this business. the brokers can put out all the analyst notes they want but money talks. this way everyone knows that there's a floor under the share price now. if they don't know it, they will soon see it. peel hunt will buy anytime the price drops and this'll give stability to the share price £20m will go a long way. you can buy small amounts in a share that only trades 1m a day to give it a little push upwards or at least prevent "stop hunting" by the market makers. it changes the balance from, likely to go down, to likely to go up.
this kind of wise move from kier just adds to the attraction of the fundamentals; the business generated another £120m in cash in the last 12 months and net cash is growing, even while kier pays out dividends. revenue is up a little and frm the cash figure, it looks like kier has continued to make at least 3% margin. that's £120m operating profit. divi this yr will likely be £40m. that's nearly 7% on this shareprice. the interim divi will be a third of the total and will send the share price much higher. the sharebuyback will make sure the share price is in the right place to begin with so that we actually see the benefit. that's why it's different to lloyds and that's why i'm glad their doing it. this way we get share price growth AND dividends. |
Would you prefer an increase in the dividend or a buyback that on paper improves eps/dps but goes unrecognised in the sp?
Look at Lloyds |
A lot more MoD work being won by kier. It's already building submarine docks and RNAS Culdrose. this'll be another big yr for kier.
Kier share price rises on news of buyback scheme
Kier said its order book stood at about £11bn at the end of December, 3 per cent up on a year earlier.
It has also secured more than 95 per cent of its targeted revenue for the current financial year, with places on long-term frameworks.
“Bidding discipline and risk management embedded across the business continue to drive the high-quality and profitable order book,” said the update.
Kier added: “The board believes the group has a strong, stable and flexible balance sheet, capable of supporting growth opportunities and, consistent with its capital allocation framework, considers it is appropriate and in the best interests of shareholders to commence the buyback programme.
“The company has entered into a non-discretionary agreement with Peel Hunt to conduct the buyback programme on its behalf and carry out on-market purchases of ordinary shares.”
Kier Construction this month won a deal to design and build accommodation at a British Army base in Hampshire. |
you've missed the point of the share buyback. peel hunt will buy shares anytime there's a weird market move down. that ridiculous drop to 130p the other day won't be happening again. increased dividend announcement coming in 6 weeks. this share price shld be £2 easily. |
The share buyback adds to my belief K issued too many shares and K needs to address the share issue. At least the fewer the shares it helps management to boost eps and dps. The downside of buyback it's shareholders equity/retained profitto is being used to boost eps. |
This is an interesting headline from the Daily Mail, though it's not explored in the article. Kier looks like an obvious partner to councils and housing associations to build apartment blocks -- Kier's Network Rail partnership has built and sold hundreds of flats.
Kier Group preps £20m buyback as infrastructure firm cashes in on Labour's homes plan
Kier Group will buy back £20million from investors as the infrastructure group continues to cash in on major public spending initiatives and slash its debts.
The FTSE 250 infrastructure group told shareholders on Tuesday it expects to report a net cash position for 2024, having cut its average month-end net debt to £38million from almost £137million last year.
Kier restarted dividends last year as strong cash generation helped deleverage the group's balance sheet and free up cash to return to investors.
The group, which saw Its order book swell 2 per cent last year to £11billion, said it was 'well positioned to benefit from UK Government and regulated industry infrastructure spending plans'. |
More reporting on Kier's results:
Kier has increased its order book and slashed monthly debt by 72 per cent, as the company announces a £20 million share buyback programme.
In its latest annual general meeting (AGM), the group said its order book currently stands at £10.9 billion, growing by £100 million.
Meanwhile revenue in 2024 grew 16.6 per cent to £4 billion, up from £3.4 billion in the previous year.
Kier has now secured revenue of over 95 per cent for FY25, with the company claiming it provides a high degree of visibility. |
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. |
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