Kier Share Discussion Threads

[itisonlymoney] 26/7/2024 15:36

tree-shake rather than a pull-back. city is on holiday. if the update had been at any other time of the yr we'd be at £2 now. could do with davies being a bit more explicit on the level of earnings. we'll have to wait for the full numbers in september i suppose.

[stutes] 26/7/2024 09:52

Looks like more market consolidation - who will be the buyer ?

[swinsco] 25/7/2024 09:21

Looks like the start of a pull back. 140 would be a nice buy in point.

[bathboy2] 25/7/2024 08:26

https://www.constructionenquirer.com/2024/07/25/bam-reveals-job-cuts-plan-at-uk-construction-arm/See what 1 bad contract can do to a construction firm ,

[itisonlymoney] 22/7/2024 16:25

another contract here just awarded, about twice the size of an average kier contract:



Kier starts £48m Ealing high school job

The Department for Education has given Kier the go-ahead to deliver the redevelopment of Northolt High School in the London Borough of Ealing.

[bathboy2] 22/7/2024 15:14

Not cynical, just reporting as it is the case , again same civil servants pushing the work , a change of government doesn't alter the workload

[xamf] 22/7/2024 07:46

Good find ItsOnlyMoney. Why are you so cynical Bathboy?

[bathboy2] 22/7/2024 05:20

It obviously suits Kier to push the news out of the contract win now , but subbies have been on site for over a month , a Bristol based contractor with an office in Exeter.

[marksp2011] 21/7/2024 13:21

Well Stutes

I think it rare that the price of a share and the value of that share as a fractional ownership are the same.

Is the share price ahead of the facts? I don't think so. At one stage, the share price reflected complete doom and hence the big bounces as the medium term plan was delivererd. I can understand why the market always looked for the negative in Kier.

Does it need a rights issue? Yes I think it would help the balance sheet and probably advance company progress by a couple of years but I expect Kier will buy back its notes as the cash position improves howver the capital cost will rise as interest an expensive debt repurchase.

[itisonlymoney] 21/7/2024 11:32

Berenberg Bank analyst Robert Chantry reiterated a Buy rating on Kier Group plc (KIE – Research Report) on July 18 and set a price target of p210.00. The company’s shares closed yesterday at p157.60.

[itisonlymoney] 21/7/2024 11:15

That is misinformation bathboy. please show evidence. the plans were announced in 2022 but the contract has only just been awarded. kier is already delivering the same DESIGN for Bullingdon and Elmley prisons.


Here's kier's own press release from Thursday


Kier secures further prison expansion with HMP Channings Wood contract award

Here's Construction Index's reporting on the contract:


Kier has been awarded a £200m contract by the Ministry of Justice to expand to HMP Channings Wood, a Category C men’s prison near Newton Abbot in Devon.

[bathboy2] 21/7/2024 10:42

The Channing's wood contract was awarded approximately 18 months ago , been redesigned in the interim and the design.was finally agreed prior the change of government

[stutes] 20/7/2024 10:53

Your entitled to do whatever ,it's a democracy , a point missed by a few on this site. Freedom of speech should not be diminished by a few hardheaded people, be they: politicians or employees of a company.

[itisonlymoney] 20/7/2024 03:02

First contract with Labour govt. It's a big one:

Kier has been awarded a £200m contract by the Ministry of Justice to expand to HMP Channings Wood, a Category C men’s prison near Newton Abbot in Devon.



More reporting on this contract:

Kier appointed to expand HMP Channings Wood in UK

The expansion aims to add 494 new prison places through the construction of energy-efficient T60 houseblocks.

[richsawko] 19/7/2024 15:06

He does appear a bit stuck in the past I agree.Nothing in construction is smooth and margins are generally small but correctly managed projects is key to success

[xamf] 19/7/2024 13:30

I've finally decided to filter Stutes. We're all here to make money by taking a pragmatic balanced view based on fundamentals and the broader sector prospects.There are pros and cons to all stock picks.
I relish opposing views for this reason but his arguments seem borderline fanatical rather than rational.

[richsawko] 19/7/2024 13:23

Yes agreed great pipeline of work on hospital, schools and prisons all of which Labour have said they are going to push. Good Times ahead for Kier I am sure

[itisonlymoney] 19/7/2024 10:10

Including this one won this week:

Kier has clinched a job to build a new teaching block as part of the £47m redevelopment of London South East Colleges’ Greenwich Campus.

[itisonlymoney] 19/7/2024 10:08

Kier has literally hundreds of contracts in progress.



Kier: Construction giant’s order book nears £11bn on back of contract wins

[itisonlymoney] 19/7/2024 09:42

Thanks for your 'opinion'. I will consider that against a number of things:
1. You won't explain why you've been posting negative posts here for two years. you simply ignore the question even though you've been asked by different posters and many times. that means you're unable to have an honest conversation. You're basically dishonest.

2. You aren't able to post ONE SINGLE POST out of hundreds where whatever you've claimed has been true.

3. regarding you're claim about suppliers payment, kier pays suppliers on average within 32 days and has done so for several years. there is no change there. the management has stated in the trading update clearly that cash generation is coming from profit. you have no evidence for your 'opinion'.

4. kier's banking facilities are appropriate for a business with a £4bn turnover and kier has £165m in net cash. that is £100m more than a year ago. the forward price earnings for kier is 5. just 5. that's about one third of the current p/e. it's way below the sector average. on a price earnings basis the shareprice should at least double from here.

[stutes] 19/7/2024 09:25

In my opinion K is recovering but share price is ahead of the business recovery. I hold the opinion some of K"s cash improvement is due to the management of suppliers payment rather than funded through bank lending. As for the current banking facility why does K need such a sizeable facility if it is set to make 3.5% margin? It just looks to me K needs to switch away from bank lending and more to tapping the shareholders.
Based on the above I think share price is high and small shareholders could be the meat in the sandwich of Citu/Firm?

[everton448] 19/7/2024 08:49

Liberum say Kier's growth potential not priced in, and iterate buy recommendation and target price 250

[xamf] 18/7/2024 17:45

Stutes- I don’t understand your motive for posting here. You clearly can’t be short or you’d be sitting on large losses by now. So why do you bother? Indeed what effect do you hope to achieve? Even if your negative posts were to influence some it's not going to affect the share price of a FTSE250 stock. It's like you have an irrational grudge against Kier.

[stutes] 18/7/2024 17:22

Employee of Kier?