Kier Share Discussion Threads

[itisonlymoney] 22/5/2024 20:17

Labour govt - good or bad or neutral for kier? There was a lot of talk a few months back about labour reinstating the cancelled parts of HS2.

[stutes] 22/5/2024 13:57

Just read the above article and ask if BK is just a one-off story about falling margin or will other contractors see their margin fall as well?
The Van Elle restructuring adds to my view construction sector needs BoE to cut rates and for General Election to be soon, otherwise the economy could stagnate at best or dip.

[stdyeddy] 22/5/2024 09:49

Kier continues to do well on contract wins; currently second only to Morgan Sindall for the rolling 12 months. Last month the business picked up £266m worth of construction contracts (4th place for the month).

[everton448] 16/5/2024 07:23

Following the visit to HMP Millsike on Tuesday Robert Chantry at Berenberg repeated his 210 buy target and added that, 'we continue to think current management has done a great job of stabilising the business and now returning it to a brighter and more sustainable future'.'We still think that the shares are cheap at 6.4 times Ebit [earnings before interest and tax] for full-year 2024, with a 15.2% free cashflow yield,' he saidQuotes from CitywireDYOR

[itisonlymoney] 15/5/2024 17:39

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.

[stutes] 15/5/2024 16:44

Just wait and see if K doesn't use its current share price to tap the market to raise cash for a takeover and boost cash.

[johnrxx99] 15/5/2024 10:57

Breakout on a 2 year chart, should it hold today.

[richsawko] 15/5/2024 08:39

Investor visit a great success by the look of the share price movement

[stdyeddy] 14/5/2024 15:11

The site visit today is mentioned in an RNS this morning -- HMP Millsike, which Kier is building for the bad people of Yorkshire, is an innovative new prison where everything is electric, even the chairs.

[stdyeddy] 14/5/2024 15:03

According to some investment sites (Morning Star and others) our favourite construction firm announced during the investor site visit today that it's won another prison design and build contract -- HMP Bullingdon.

This project was discussed in the press a couple of years ago as an expansion to the existing prison with spaces for about 250 inmates. That would make it about one sixth the size of the new Five Wells prison (described a while back as a £253m contract). My guess is that the Bullingdon project probably has a value of somewhere around £50m assuming a little for inflation and also assuming that the project is the same in scope as it was back in 2022.

I imagine there'll be some more reporting on this shortly, but if everything is as I've described, it looks like another substantial addition to Kier's project pipeline.

[xamf] 12/5/2024 10:13

Stutes - It's important to get a balance view but your negativity clearly isn't rational. I'll happily have a debate with someone who has a contra view. However you're clearly wrong as the share price movement has proven. You're like a number of posters on these threads who haven't a clue and ramp endlessly without any understanding of fundamentals. I've chosen to filter you Buddy but wish you well.

[stutes] 10/5/2024 11:33

Vacuous as always.You rely on analyst but why are pension funds periodically seeking more £ or fund managers being squeezed e.g., Woodford or Somserset Capital. warnings from Schroeder.

If analysts, generally,were right with their recommendations , they would be as rich as Warren Buffet. How many are as successful as Buffett? Remember also that Woodford fund owned shares in Kier and reportedly played a role in ousting the CFO.

[everton448] 10/5/2024 11:31

Deutsche Bank commences coverage with a buy rating and 200p target

[itisonlymoney] 09/5/2024 17:43

Again, pointless doom-mongering from you with no facts. As I said before, you're not an investor here long or short. in the time it's taken you to come up with another silly post, the shareprice has gone up 10% as I predicted it would.

More positive news flow on the horizon. balfour's good results today are a hint about kier's likely rsults at yr end. We will have a trading update in about nine weeks and I expect a steady rise to mid-150s or better before that and a likely big rise on the update. All analysts have kier down as buy. targets are around £2.

[stutes] 09/5/2024 16:01

You are a fool not to link political and economic issues to the succor failure of the construction sector. If K is fixed let's see working capital funded internally rather than debt or cashflow.

As for your dishonesty assertion it shows in my opinion how ridiculous you are.
Let's wait and see how K is affected by alleged building defects due to extended liability period of up to 30 yrs and if K has good records to succesfully defend. themselves from claims? How good are Mouchel, May Gurney and Nicholson records and did K archive them properly?

Your Trump-like glossing over of my queries shows to me that you are not a serious sector investor.

Enjoy writing your vacuous replies.

[stdyeddy] 03/5/2024 14:21

Looks like Leigh Thomas, MD for Kier Property, bought almost £70,000 worth of Kier shares for his family yesterday in a private transaction; see today's RNS at midday. (Spreading the investment among family is usually a tax planning move to reduce/eliminate capital gains tax on any eventual profits.)

A fairly big statement on his view of where the share price is going (i.e. upwards in a big way).

[itisonlymoney] 01/5/2024 17:17

stutes, you have been diligently doom-mongering here, telling us that the end is nigh for Kier every week and sometimes daily for a couple of years. Your posts today are no different to what you were saying in January 2023 when the shares were under 60p. In that time Kier's shareprice has more than doubled.

You also showed last year that you were unable to read and understand the annual report.

your posting here seems to be nothing more than attention seeking. you are consistently wrong and completely unbalanced in your posts. you have NO CREDIBILITY. you cannot admit when you're wrong. you don't understand Kier as a business and you are clearly not invested here long or even short.

You refuse to answer this basic question - why are you posting here?

you are basically dishonest about your motives.

advfn is a forum for private INVESTORS, not attention-seeking schoolchildren. get a proper hobby or a girlfriend/boyfriend.

[stutes] 01/5/2024 14:28

Meanwhile, just 13% had any faith that the National Infrastructure and Construction Pipeline recently published by the Treasury and Infrastructure and Projects Authority will be delivered. Respondent said inflation and rising costs would put the brakes on the programme while schemes, they added, would get bogged down by planning delays and legal challenges.

The above extract is from Building Magazine- Government work is a political tap and with BoE losing £85bn on QE just wait and see the sectors that help fund the mess.

[xamf] 01/5/2024 08:17

Stutes - You're coming across as a little desperate.

[stutes] 30/4/2024 15:11

The economic headwinds apply to all firms - Construction News reports some analysts reckon Construction industry is set for a tough year. We shall see how things pan out and if secure work creates problems.

[m5] 29/4/2024 11:53

Great find.

[stdyeddy] 29/4/2024 11:11

Another major contract win (£118m project) for our favourite construction firm:

Kier to design new Government Hub in Darlington


The Government Property Agency (GPA) has appointed Kier as its initial delivery partner to create a new state-of-the-art hub at the Darlington Economic Campus (DEC).

The organisations have just agreed a pre-construction services agreement (PCSA) in readiness to deliver the project, earmarked for Brunswick St, after the planning application was lodged with Darlington Borough Council last month.



Here's the reporting on the initial planning discussion before the contract winner was announced:

Darlington Economic Campus to expand with £118m government hub investment

[johnrxx99] 28/4/2024 05:36

Ditto - buy the dips on the RSI

[m5] 27/4/2024 12:53

Totally agree. I have been adding around this level. Chart looks good, expecially Fridays close which took us avove the 50 dma. First stop I see as £1.47 recent highs.