Kier Share Discussion Threads

[bathboy2] 09/3/2023 08:14

Some are pleased with that ?? Extra 50mn in month end debt , looks like just pushing figures around, and making the best of it , zombie company just about holding its head above water , no mention of dividends again , looks like a long way off , markets will absorb the facts today and movement will be tomorrow IMO

[marksp2011] 09/3/2023 08:13

As expected

Nothing to see here. It will be a slow grind up I think

[eriktherock] 09/3/2023 07:40

"Average month-end net debt of £(243)m from £(191)m: operating cash flow used to reduce 'debt-like items' "!

[hamhamham1] 09/3/2023 07:37

Andrew Davies, Chief Executive, said:

"The strong performance of the Group over the last six months reflects our enhanced resilience and strengthened financial position. Our order book has increased significantly against the prior year, reflecting a large number of contract wins across our divisions and this provides us with good, multi-year revenue visibility. These awards reflect the bidding discipline and risk management now embedded in the business.

Looking ahead, we expect to generate positive operating cashflow for the full year and deliver a net cash position at the year-end. Current trading remains in line with the Board's expectations despite political and economic uncertainties. The Group is well positioned to continue benefiting from UK Government infrastructure spending commitments and focused on the delivery of a sustainable net cash position and a sustainable dividend, in line with our medium-term value creation plan."

[hamhamham1] 09/3/2023 07:35

HY23 Highlights (for last 6 months)

· Strong performance despite ongoing inflationary pressure

o Adjusted operating profit increased 6% to £57m (HY22: £54m)

o Margin improved 20 basis points to 3.7%; above medium-term target of c. 3.5%

o Adjusted basic EPS increased 9% to 8.5p (HY22: 7.8p)

o Net debt at 31 December 2022 of £(131)m: reflecting seasonal working capital unwind

o Average month-end net debt of £(243)m from £(191)m: operating cash flow used to reduce debt-like items

o Supply chain finance ("KEPS") repaid in full during the period (HY22: £69m, HY19: £201m)

· High quality order book, increased 26% to £10.1bn (HY22: £8.0bn) providing high degree of visibility

o 96% of expected FY23 revenue secured

· Reported profit from operations increased 51% to £38m (HY22: £25m)

· Continued commitment to Sustainability Framework and ESG targets

· Trading is in line with the Board's expectations and the Group remains confident in achieving its medium-term value creation plan targets

[bathboy2] 08/3/2023 16:47

Thats because the amount debt they are in , makes them all they are worth , it is that for a reason , the markets are pricing it correctly, it is a knife-edge stock , won't take much of a hit of confidence, for it to tumble , could be interesting tomorrow, if it's same old, same old , the markets could hammer it

[itisonlymoney] 08/3/2023 16:43

ironic that the trouble kier got into three years back led to it slimming down and getting fit before the change in the global markets. it'll be the thning that stops kier from going broke while all others have to make big cutbacks imv. looking fwd to seeing what level of cash was made in H1.

[itisonlymoney] 08/3/2023 16:40

You're the broken record. kier's shareprice makes the whol company worth only £300m. priced to go bust even tho that's no longer the case. huge underpricing here, that's the difference between kier and galliford.

[bathboy2] 08/3/2023 14:23

Same broken record , with contract wins, tomorrow will be interesting, possibly profitable, but all money going to service debt , what's month end debt ?? Circa minus 224mn , where you have gallifords month end is in surplus 158mn that's the difference, and their share price only risen 4%, and they pay a dividend , kier still many years from paying a dividend IMO

[stdyeddy] 08/3/2023 14:08

And for anyone wondering whether Kier is still leading the industry for the last rolling 12 months -- yes it is. Kier's total construction contract wins for the last year-to-date amount to over £2.8bn and that's £700m ahead of the second placed firm, Balfour Beatty.

[stdyeddy] 08/3/2023 14:01

And here's another.

Kier wins £25m South Wales school job


Kier has chalked up another big school job for Rhondda Cynon Taf County Borough Council in South Wales.

Under its latest deal, Kier will build a £25m net zero in operation teaching block for the Hawthorn All-Through School.

Three of the school’s existing buildings will be demolished to make way for a new teaching block.

One of these buildings is the old caretaker’s house, with the stone from the Victorian building used in the building of the new structure.

The new school will include 27 classrooms, a staff room, offices, library and two new multi-use games areas.

[stdyeddy] 08/3/2023 13:59

There's been a couple of recent projects won by Kier and announced this past week. Here's one.



Kier scoops £30m mortuary job
Kier has been awarded a contract to build a new two-storey mortuary in Aberdeen by spring 2024.

The work – worth £30m – will include building post-mortem and body-storage rooms, an office for Police Scotland and a teaching and museum area.

The facilities, which will be located on a site at the Foresterhill Health Campus, will also feature more than 600 square metres of solar panels, and the mortuary will be insulated to minimise heat loss and ventilation.

[stutes] 08/3/2023 11:25

if you look at headline figures of revenue growth and profit % movements and contrast the fixed element of energy cost - the company could face some fallout from customers in the future?

[bathboy2] 07/3/2023 04:16

News on Thursday, could be the banana skin, bump in the road , all construction is under severe pressure, mainly from rising costs , which kier claim to have a lid on , lack of numbers of quality staff , and delays to start dates of projects, these pressures are damaging effects on all construction,

[propdeveloper] 06/3/2023 20:15

You really believe that?

Boris campaigned on that tripe in 2019. No way was there going to be 30 new hospitals. If you read deeper a lot were going to be additions to existing and that hasn't happened either.

Remember the 5000 new GPs by 2019 promised is 2016 and 4000 left due to stress, high taxes and pension? E.g a 9000 delta from where it was meant to be?

HS2 meant to have a gateway between Manchester and Leeds and now it's an electrification upgrade and buses?

Take things from govt with a pinch of salt until the contract has been signed.

What you need to concentrate on is Kier's order book ( not assignment to frameworks as that isn't definiate orders ) , and from what I can see the order book looks pretty good. Whether 3.5% profit can be maintained is a different question, but the way this share price would increase is if management consistently deliver on their promises, year in year out. We are not quite there yet, but getting there.

[stutes] 06/3/2023 09:49

FT reports inflation is forcing HMG to backtrack on the promised 40 hospitals by 2030.
If the biggest client to construction Industry is delaying projects and the private sector is facing higher rates and inflation the only conclusion is less work and a recession if BoE messes up the economy?

[stdyeddy] 01/3/2023 22:36

Big volume selling today and all of it being snapped up. Blackrock has increased its holding again (see last RNS). Whatever is being sold is being bought up quickly. Investors know that Kier is hugely underpriced.

Meanwhile, our favourite construction firm's latest schools project (Kier is arguably the national leader in schools building); a £25m project in Wales.


Infrastructure services, construction and property group Kier has been appointed to build a £25m Net Zero carbon teaching block in South Wales.

[bathboy2] 01/3/2023 18:30

Anything other than positive news in construction or building circles will hurt share prices , same old, same old won't cut it , with Jarvis contracting in administration and persimmon halving build rates , it could spook the markets

[hamhamham1] 24/2/2023 19:27

Trying too hard.. again.

[bathboy2] 24/2/2023 17:16

Do they know something??

[bathboy2] 24/2/2023 12:31

They are also predicting 80p by early March, very contradictory

[bathboy2] 24/2/2023 12:30

Half year trading update due 9th March , wallet investor appears to be saying they will be in line with expectations , but they are predicting share price to drop to 27p , maybe expectations are wearing thin , and could lose trust ?