Kier Share Discussion Threads

[stutes] 08/1/2025 08:34

The data shows K has secured £1bn of additional revenue compared to 2023.

[marksp2011] 07/1/2025 16:47

StdyEddy

You don't seem to follow what an RCF is. It is an overdraft. Could be 0 one day and £10M the next. It is the RCF that have been reducing.
the key thing to get rid of will be the loan notes as they will be painfully expensive but paying them off will incur penalties

[stutes] 07/1/2025 16:14

Today's construction data although above 50 suggests there is a squeeze about to happen, where HMG uses its buying power on HS2 and other schemes?

[chelseamann] 06/1/2025 12:28

soon we shall see because on 21 Jan there is a TU

[stutes] 03/1/2025 11:35

The above story makes me wonder why would they sell the UK arm at a price that attracts PE, and will we see X years down the line Private Equity making money from buying cheap assets and turning them around using debt?

[johnrxx99] 25/12/2024 05:20

Happy Christmas and a better New Year.

[stutes] 24/12/2024 19:15

If you consider how house building is a key part of HMG"s economic turnaround strategy I fear the banking sector and Government are squeezing the construction sector- administration, performance bonds, Aviva pulling out of modular/system building; HS2 renegotiating contracts to cut overspend.

[socionomics] 24/12/2024 10:56

What he means is....

He doesn't want you all to see the opportunity on offer here until his paymasters have loaded up with KIE stock.

Socionomics
Member since: 23 Jan 2021

[socionomics] 24/12/2024 09:50

Food for thought!

[stdyeddy] 19/12/2024 22:21

Thanks for that Everton.



STOCK PICK FOR 2025: KIER HAS REBUILT ITS FOUNDATIONS AND LOOKS TOO CHEAP
We like the company’s sensible medium-term targets and improved cash generation

Anyone who has walked past a building site in the UK recently might well have seen Kier (KIE) branding on it. This infrastructure and construction services outfit is actively at work on more than 400 developments across the UK. Having emerged from a difficult period with much stronger foundations, this improvement is not yet reflected in its current valuation...

[bathboy2] 19/12/2024 17:58

What to avoid lol , loads of tax free cash to be made , and it isn't here , next year kier shareholders will be millionaires rodders, !!!

[everton448] 19/12/2024 16:45

KIER recommended as one of the 10 shares of 2025 by Shares Mag today

[antrox] 16/12/2024 12:26

now back again where it starts

[marksp2011] 06/12/2024 14:19

I take it there is nothing visible that has generated this?

[stdyeddy] 06/12/2024 13:32

We're at 10 times the daily volume traded here today even with another 2.5 hours to go, and the 8% rise in the share price almost puts KIE on ADVFN's top ten leaderboard. Something's happening here.

MAYBE it's Keir Starmer's pledge yesterday to triple the number of infrastructure projects in the next year. Maybe. But there's some serious stake-building going on and the business is seriously undervalued compared to peers. Could be a bid is in the offing. GFRD is actually down, MGNS is up a mere 0.26%, COST is up 2.4%. The main index is flat. £15m of Kier bought today so far. In five years, I've not seen this level of interest in Kier without a major company announcement, and so far there's nothing.

[itisonlymoney] 06/12/2024 12:12

Keir for Kier. 😊

[richsawko] 06/12/2024 09:45

Good momentum today pushing through 150p

[stdyeddy] 05/12/2024 11:46

We could do if you would be more accurate. The Revolving Credit Facility (RCF) is UNDRAWN. It's there if Kier needs it, but at year end Kier was using NONE of it. Avg monthly debt is about £110m and the cash balance is around £400m (ie a lot more cash than debt).

[marksp2011] 05/12/2024 10:55

Committed debt facilities at 30 June 2024 of c.£548m
Refinancing completed in February 2024
Debt structure in place:
 £250m Senior Loan Notes due February 2029
 £261m RCF extension: £150m from January 2025 to
March 2027
 £37m USPP Notes due January 2025
 £400m of facilities post January 2025 to support long term
sustainable growth plan

As of January 2025 there will be £400M facilities.

250M is strategic and is due in 2029
150M RCF and it is the drawings on this "overdraft" that are being paid down.

can we leave it at that please?

[stdyeddy] 05/12/2024 10:17

Rankings for contract wins just published by Construction Enquirer; Kier is in second place for the rolling 12 months, behind Morgan Sindall, and catching up fast.

[stdyeddy] 05/12/2024 10:09

wolly/bathboy, this is a straight-up lie from you and one you've put on here several times. The annual report details borrowings and cash. On 30 June this yr, the business had cash of £461m and borrowings of £300m. The borrowings include the £250m bond issued a year or two ago; this matures in 2029. NET CASH amounted to £167m, including £6m in currency hedging.

Incidentally, Kier reduced its debts by over £100m in just one year AND bought Buckingham Group's rail business in the same year. In January, Kier will likely reduce debt by yet another £100m AND pay an increased dividend for this year.

Regarding the payment of a dividend; Kier promised to reinstate a dividend once it had clear 'line of sight' for a sustainable net cash position. The business has a solid cash base and is justifiably returning cash to investors who have backed its recovery.

[bathboy2] 05/12/2024 05:19

The packaged debt of circa 500mn , is still there , which is where a lot of the 32mn is going , better they had reduced rather than slightly raised the packaged debt to pay the dividends, day to day money/debt may be reducing, but it's a long way to go to be totally free of the shackles