Kier Share Discussion Threads

[richsawko] 09/7/2024 15:20

New prisons programme will continue and is well underway so they will simply push these along. Hospitals programme due to be announced end of year as previously advised. Don't envisage any change to these

[stutes] 09/7/2024 08:30

Another big firm struggling

[stutes] 08/7/2024 14:44

The above report confirms the risk of contracting where the collapse of one or more sipplier/subcontractors blow a hole in the operating profit.

[stutes] 08/7/2024 14:21

Will ISG use its stronger balance sheet to compete more on the big jobs, that may have been barred from tendering, due to their perceived weak balance sheet?

[stutes] 08/7/2024 13:44

The new Government's focus is on road maintenance and new housing. The new prisons and hospitals will take some time to be tendered and contracts awarded. The construction sector is limited on labour and material sourcing - the fallout from Brexit and trade barriers.

[richsawko] 05/7/2024 13:59

Construction liking the idea of a change in Government and push to speed up infrastructure projects

[xamf] 05/7/2024 11:15

Lovely price action today.

[stutes] 02/7/2024 11:35

6 week Election campaign appears to be stalling some major work. If you look at the Sunnica solar decision, it has been stalled by HMG for 12 months + or 4 revised deadlines.
Construction sector could be a beneficiary of a Labour Government changing planning laws. We shall see.

[stutes] 01/7/2024 13:03

We shall see how a 6 week General Election campaign affects the UK economy and construction sector; clarity matters to investors and who runs the economy over next 5 yrs affects the construction firms- house building, maintenance etc.

[itisonlymoney] 29/6/2024 23:21

apologies to whoever gave me a like for my original post, but i got sucked into posting a piece on farage's corruption and other political issues, and this is not the appropriate place for that kind of discussion. let's keep this thread about kier group.

[riskonricky] 29/6/2024 16:06

I disagree. Farage, Boris, Truss have made the UK the laughing stock of the world. We need to learn from these mistakes and move on.

[gasman micro penis] 28/6/2024 23:04

279p target ? Strong share under Reform ?

[stutes] 28/6/2024 20:01

I think you should constructively comment more on the second tranche and its possible affect of increasing the reported cash at bank.

[bathboy2] 28/6/2024 14:31

Interesting snippet of information, given to me , when Labour are in government, unemployment is higher at the end of their tenure , than at the start, and if they get in power , they will claim the plaudits for turning the economy around, already is on the up , albeit early signs , history repeating itself, when Blair and his cronies got in all the years ago , the economy had already turned then. Best bit of advice is given to me , is that it's all the same penpusher civil servants dictating our lives , if the had to operate in the real world , live would be so much easier for all of us , come on Farage , ( this will get some jumping lol) my prediction, is a conservative/ reform coalition, best for the country , we need a leader with charisma, and sunak and starmer fail on that , bring back Boris!!

[johnrxx99] 28/6/2024 04:54

So Schroders selling was holding it back, perhaps.

[xamf] 27/6/2024 10:53

Have to say an average debtor days of 32 is very good. I assume their invoices offer the usual 30 days credit.

[itisonlymoney] 27/6/2024 09:58

anything else that you two want to whine about?

[itisonlymoney] 27/6/2024 09:57

stutes, avg payment days 32. that is brilliant for most businesses. the average supplier got paid a month after invoice. loads got paid in less than a month and a similar number took longer but almost everyone paid in no more than two months. not bad for construction and faster than most ftse100 businesses.

[itisonlymoney] 27/6/2024 09:53

not really hiding. the business had £64m net cash last time. since then it's generated over £100m in cash and I'm guessing that only £150-200m of the £250m bond issue has been used to retire debt and other things. that is just a guess. we don't know how the £250m was used yet but i bet they've kept cash on hand for other opportunities like buckingham rail or big projects, but it's just speculation atm. results are in 3 weeks so we'll know then. net debt might be up by whatever amount of the bond was not used to cancel other debt. net cash will be £64m plus perhaps another £60m from this year's cash (cash generated less dividends and debt paydown). net cash position has been building by about £60m each year.

btw, have you EVER been right about anything on this board bathboy? 3 yrs of telling us the sky is falling, making stuff up and always wrong.

[stutes] 27/6/2024 09:27

Construction Enquirer data on payments by contractors show Kier : average payment day 32, % not paid to terms 27% and % paid within 60 days 91.

What would you garner from this data?

[bathboy2] 27/6/2024 06:09

Where in the accounts are you saying 200mn in cash is hiding ,?? It clearly isn't there , and the packaged debt is totally different to what you are saying/thinking , it exists and is not linked to month end debt , take your own advice given to stutes and get an adult to explain it all to you .

[itisonlymoney] 26/6/2024 21:54

net debt is just total debt minus cash. kier may have as much as £200m cash, depending on how much of the £250m bond was used to retire other loans. they're generating a lot of cash earnings nowadays. don't forget kier is earning interest on cash. it's a complicated picture because kier earns interest from loans to JVs and has interest rate swaps. we won't know the finance costs until the full yr results next month but imo they're probably nearer £30m.

stutes ppl here have followed kier for years when it operated with much lower funding throughout 2019-2021 and is well financed now after the rights issues, asset sales and earnings for several years without dividends. get an adult to help you read the annual report and your own penny might drop.

250 market is down because of election worries, economy worries in Europe and bad results coming out of house builders crossing over into commercial construction. could go even lower before it gets back on track.