Kier Share Discussion Threads

[wallywoo] 12/9/2024 11:10

You do realise that Kier have 850% more shares in issue than 12 years ago??

[liam1om] 12/9/2024 11:04

Would be true if KIE had travelled, its been stuck in this range since early March.

[weemonkey] 12/9/2024 11:02

Reaction to good results obtuse.. I also notice operating profits - (and those are the profits that matter) are best for 12 years.. share price has been hugely higher on much less operating profitability than this.The "it is better to travel than arrive brigade" selling a few I suppose. Best to ignore a day like today. Or even buy a few more.

[stutes] 12/9/2024 10:56

K's turnover is 60% cost + generating close 4% margin. As HMG moves towards. What is K's margin for fixed priced ' as the Government moves towards more fixed price work? Looks as if the margin is likely to fall?

[apol70] 12/9/2024 10:38

Just bought more on the dip. This company is making money. Hopefully the "sell on news" brigade are now cleared out.

[marksp2011] 12/9/2024 10:30

Stutes HMG are moving away from Fixed Price
It doesn't get them best value. It has taken 20 years for them to understand but that isn't cabinet Office guidance any longer

[weemonkey] 12/9/2024 10:26

Reaction to good results obtuse.. I also notice operating profits - (and those are the profits that matter) are best for 12 years.. share price has been hugely higher on much less operating profitability than thisThe "it is better to travel than arrive brigade" selling a few I suppose. Best to ignore a day like today.

[stutes] 12/9/2024 10:03

K's turnover is 60% cost + generating close 4% margin. As HMG moves towards. What is K's margin for fixed priced ' as the Government moves towards more fixed price work? Looks as if the margin is likely to fall?

[sundance13] 12/9/2024 09:46

The markets a bit nuts at the moment, hopefully things improve in October post Budget.

[liam1om] 12/9/2024 09:39

Almost 5% down now and by far the biggest faller on the FTSE350. Wasnt expecting that kind of reaction after reading the results this morning. They seemed inline with positive tones.

I guess the market wanted a beat which is harsh.

[undervaluedassets] 12/9/2024 09:38

Dividend back as well in a big way..

patience patience

[weemonkey] 12/9/2024 09:19

Serica did this ..

Went down on good results day. And then subsequently powered ahead.

This market often needs a day or 2 to process decent results.

And by any measure these were decent results

[undervaluedassets] 12/9/2024 09:00

On the earnings call.

Management seems creditable

Huge opps .. esp re water companies outlined.

First day reaction to results is never the right one .. and does not negate brilliant results announced today.

oh and order book increased 7 % to £10.8 billion.

[dil 21] 12/9/2024 08:32

More than happy to keep holding after those results.

Onwards and upwards.

[kibes] 12/9/2024 07:15

Excellent results with month end net debt now down to an entirely reasonable level and a good dividend in the bag. This is going up.

[richsawko] 12/9/2024 07:14

Looks like we will need the 9am presentation to kick start the price as result outway action so far this morning

[stdyeddy] 12/9/2024 07:08

Spectacular performance. On yesterday p/e the share price should now be 225p.

[stdyeddy] 12/9/2024 07:07

FY24 Highlights

· Revenue growth and improved profitability driving material deleveraging

o Revenue growth of 17% driven by strong operational delivery across divisions

o Adjusted operating profit increased 14% to £150.2m (FY23: £131.5m)

o Adjusted operating margin at 3.8%, ahead of the medium-term target of c.3.5%

o Adjusted basic EPS: 20.6p (FY23: 19.2p), up 7%

o Reported operating profit increased 27% to £103.1m (FY23: £81.5m)

o Free Cash Flow of £185.9m outperformed the prior year (FY23: £132.3m) with an operating free cash flow conversion of 144.5%

o Net cash of £167.2m, more than double the prior year-end (FY23: £64.1m)

o Average month-end net debt halved to £(116.1)m (FY23: £(232.1)m)

· High quality order book, increased 7% to £10.8bn (FY23: £10.1bn) providing significant visibility over FY25 and beyond

· Acquisition of Buckingham Group's rail assets fully integrated into the business and continues to perform ahead of the pre-acquisition plan

· Refinancing complete with RCF maturity profile to 2027 and Senior Notes to 2029

· Proposed final dividend of 3.48p per share, together with an interim dividend of 1.67p, giving a total of 5.15p for FY24

· New long-term sustainable growth plan announced following the successful delivery of the FY21 medium-term value creation plan

· Current trading in-line with Board expectations

[richsawko] 12/9/2024 07:04

Cracking results

[undervaluedassets] 12/9/2024 06:06

Crikey. proper turnaround story.

[simski99] 11/9/2024 14:14

Look out for KIE HY results tomorrow morning. Reckon they could be an interesting read. They are holding an online Retail Investor Presentation on Thursday 19th September at 10.30am. Here is the link:

hxxps://us06web.zoom.us/webinar/register/WN_k40kL8_hSDy4NcaqSBvkPA#/registration


See below from the recent RNS:


Retail Investor Presentation


A live online Retail Investor Presentation will be held at 10:30 on Thursday 19 September 2024 and will be open to all existing and potential shareholders. To attend, please register via the following link:

[stdyeddy] 11/9/2024 08:14

Do you want to give us a few names of dividend paying ftse250/100 firms with a p/e of 5 ricky? Regarding Kier, a 6% dividend return PLUS a shareprice that's likely to double are pretty good reasons to invest, but if you've got something better, please share.

[itisonlymoney] 11/9/2024 07:51

full yr divi will be announced tomorrow. cld be a gamechanger for the shareprice. i reckon they cld payout about £30m in total divi or about 5% of the current market cap.

[riskonricky] 11/9/2024 07:40

Yeah but how much of these earnings does Keir return to shareholders? I can find tens of companies with net earnings of abt. 20% of the current share price each year, but they return a varying proportion of this directly to shareholders. Isn't this the point?