Kier Share Discussion Threads

[hoistman] 26/10/2017 16:10

what I'd like to know is why is KIER share price tanking, it should be climbing according to the facts.

[stewart64] 02/10/2017 12:16

As a former shareholder I really want to understand why the results were so great. It made nothing in 2014,15 and 16...the after tax income nets out at precisely zero. The before tax profit in 2017 is 26 million pounds or probably about x 60 after tax on price to earnings. I really don't like these adjustments that bring the price to earnings down to something acceptable at about ten times.

Anyway I am up for a bit of re-education on why these infrastructure building corps with their tiny margins are so cheap according to all the current broker sentiment.

[shauney2] 22/9/2017 09:07

From citywire

Kier shares are too cheap, says Numis

Sluggish sentiment around the construction and property sector has had a knock-on impact on Kier (KIE) but Numis says the company has no issues and the shares are too cheap.

Analyst Howard Seymour reiterated his ‘buy’ recommendation and target price of £15.10 on the stock, after it reported an 8% profit rise in the first half. The shares were trading up 6.5%, or 71.5p, at £11.66 at the time of writing.

‘Kier shares have been hit by sentiment relating to issues in the wider sector, though full-year results and confidence about the outlook indicate Kier has no such issues,’ said Seymour.

‘Indeed, we believe the merits of Kier’s integrated model will show through after a period of transition so that investors should expect annual double-digit earnings growth as the fruits of this strategy drive organic growth out to 2020.’

He said based on the opportunities ‘the shares are too cheap - notably shown by the fact that the yield [of 5.5%] is double that of the sector’.

[speedsgh] 21/9/2017 10:56

Brief presentation of results by CEO Haydn Mursell...

[andysaw] 21/9/2017 08:10

Increased stake. share price should be above 10% today imo

[big7ime] 21/9/2017 08:02

Great results

[speedsgh] 20/9/2017 12:21

Could simply be a complete lack of confidence in the sector following a string of high profile profit warnings/car crashes in recent yrs (BBY CLLN IRV...). We may well find out tomorrow...

[marksp2011] 19/9/2017 18:00

So is there a bottom here or is it going to crash completely. 0.5% short so that isn't it.

[zicopele] 15/9/2017 11:31

Yes...rail jobs a disaster.
Merseyside Gateway massive losses
Highways in Cornwall similar
Managing Director of Infrastructure chopped last year after two years on job. That was announced in construction news..Presumably to carry can.

[marksp2011] 13/9/2017 21:21

I will be making a bid for Kier in 10 months time. The share price should be zero by then

[engineer66] 25/8/2017 15:49

Have a nice weekend anyway. Bye...

[zicopele] 25/8/2017 15:42

You mention Costain. They have been very cautious. Lost Hinkley to Balfour because of price which may be good indicator or not.

In general I am very negative. HS2 is not the panacea to all the low industry margins.

[engineer66] 25/8/2017 15:33

I am tending to pull out the sector. Henry Boot I quite like, small, cautious and experienced management and a bit of PFI for stability. Not going to rocket but probably less chance of tanking. Any other ideas? Probably building material a better area.

[zicopele] 25/8/2017 14:51

The warning signs went up when they fired the infrastructure director last year. Presumably he took the blame for the disasters in rail and civil.

After all, long term old management could not be blamed.

[engineer66] 25/8/2017 14:43

Very sadly seems to be the case. Lack of working together for the past decade.
Its not been good for civil engineering in UK.

[zicopele] 25/8/2017 13:45

Yes..The rail jobs have been a disaster. Are these being reported as losses or carried in the published reports as work in progress?

Network Rail has no money to pay and in any case is dismantling it's supply chain.

[engineer66] 25/8/2017 10:38

Mersey Gateway opens tonight with fireworks spectacular but I don't think shareholders should be celebrating. Bidding for jobs a razor thin margins and doing more rail jobs...looks like a Carillion 2. Henry Boot did well this morning but pretty cautious on bids. Cant say I am optimistic. Balfour seem to have the right approach in being more careful. Costain probably OK for now.

[philanderer] 25/8/2017 09:20

Dumped the lot of these. Something not right here at all.

[zicopele] 25/8/2017 08:27

Going lower. The infrastructure side of the business has a poor reputation. Staff turnover kpi must be somewhat alarming.

[philanderer] 24/8/2017 15:52

Chart support @ 960p , may test it tomorrow afternoon at this rate ;-)

[marksp2011] 24/8/2017 15:17

Interesting share price collapse. Subsidence ? 15==>11 in 4 months.
now at a 12 month low

[marksp2011] 24/8/2017 14:54

"number one leisure destination in Walsall"

as opposed to?

[philanderer] 23/8/2017 00:19

Four restaurant brands have signed up to Walsall's new £65m Waterfront development.

Kier Property, the development arm of Kier Group, has secured Five Guys, Cream's, Subway and Gourmet Burger Kitchen for the 110,000 sq ft second phase of Waterfront.

The first phase, which opened in July 2016, is home to Pizza Express, Bella Italia, Greene King, Chiquito's and The Light Cinema.

Tom Gilman, Kier Property's managing director (North), said: "We are delighted to be able to announce such strong brands at Walsall.

"We’re sure the strength of these brands will mirrors the success of the phase one and ensure the Waterfront scheme is the number one leisure destination in Walsall."

[philanderer] 22/8/2017 13:43

Kier Group plc Verified account @kiergroup 1 hour ago

We're pleased to have been awarded a place on all 5 lots of the £700m #Cambridgeshire Design & Build framework