Kier Share Discussion Threads

[fizzypop] 10/7/2018 09:17

As proved by 3% rise this morning.

[marksp2011] 10/7/2018 08:51

No I don't think so. very different beast.

[eastbourne1982] 10/7/2018 07:22

Shaping up to be the next Carillion ?

[cwa1] 10/7/2018 07:19

Extension to Highways England contracts:-



and Trading Statement:-



Outlook

The Group's core businesses operate in three growing UK markets, each of which is underpinned by robust macroeconomic and demographic fundamentals. The Group is focused on continuing to improve its performance and reducing its average net debt. The strength of the Construction and Services order books, together with the long-term Property and Residential pipelines, provides a robust platform to deliver our Vision 2020 targets.

[zicopele] 02/7/2018 15:07

This share is heading down...legacy of past rail disasters and Liverpool are weighing very heavily on profits.

They need turnover to hide past losses and overstated WIP

[speedsgh] 01/7/2018 08:55

Kier's big debt in the small print - HTTPS://www.thetimes.co.uk/edition/business/kiers-big-debt-in-the-small-print-sk8wb57bq

[grahamburn] 27/6/2018 17:29

Thanks for correcting me.

That's the trouble with having a rolling calendar from year to year. Last year there was a pre-close update on 28 June!

[grahamburn] 27/6/2018 15:09

Believe a trading update is due tomorrow.

[fizzypop] 27/6/2018 11:06

Now bouncing back.

[fizzypop] 27/6/2018 09:48

Cheap just got cheaper, now over 7% yield.

[mfhmfh] 14/6/2018 10:23

Liberium Capital today reiterates buy recommendation and 1,600p target price

[woodhawk] 08/6/2018 21:43

Thanks for the info, Fizzy! Good luck with FDEV. I've had a great couple of months and IMB, WPP, RWS, SCPA and STOB have all been star performers for me recently. Hopefully, KIE will emulate them. Good luck with the ISA - I used up all my ISA and SIPP allowances on 6th April!

[fizzypop] 08/6/2018 19:56

Hi Woody

Interim ex div 22/3 pay 18/5
Final 28/9 01/12

No dosh left for SCPA as picked up load of FDEV below 1700p last couple days.

Also in profit on KIE purchase at £9.78 ( yep could have deployed on SCPA. but got distracted !)

Have a great weekend - more fun for us next week. Still got half ISA allowance
to deploy for wife and I.

Well done on RWS, I thought the chart messy so stayed on sideline but you were
right again.

[woodhawk] 08/6/2018 16:36

Nice one, Fizzy! Made two buys today and now in profit. Have you got dates for the ex-divis?

Hope you got into SCPA as I mentioned elsewehere? Up 4.3% this pm.

[fizzypop] 08/6/2018 16:12

Forecast divi circa 6.9% as interim 23p + final 45p = 68p total.

[woodhawk] 08/6/2018 12:25

Just made my maiden purchase, thanks for the tip, Fizzy! Nice divi at these levels.

[sandeep67] 07/6/2018 13:42

well they could not have timed that any worse with today's JV news

[minerve] 07/6/2018 12:10

Extract from Barclays:

With a share price down over 25% in the past 12 months and consensus remaining 100% overweight, we seek to assess whether the decline is justified, or more simply a result of wider sector concerns. In our view, significant acquisitions, H1 WCap outflows, heavy historical use of exceptionals, meaningful on- and off-balance-sheet leverage, increasing utilisation of JVs and a forthcoming divisional restructure inevitably raise some concerns, particularly in light of recent issues in the sector.While we appreciate a number of Kier’s attractions – with a strong position within the Highways market, which should see increased spend in the forecast period on assumption of control of the Smart Motorways JV and the expected returns that should be generated from the investments made into residential and commercial property development over the past three years – we believe the shares are not as ‘cheap’ or cash-generative as at first glance, with significant adjustments required to appreciate the full leverage position. We see few potential catalysts to drive a substantial re-rating given the greater level of risk now in the model and, as a result, initiate at Underweight with a 995p price target based on our SOTP valuation, which we view as the most logical way to approach the hybrid business model.

and:

Within this note we highlight a number of areas that raise some uncertainty on the sustainability and cash generation of underlying earnings within the group’s Contracting businesses – namely adjusted cash conversion, which we see as lower than reported in presentations, significant provisions created on acquisition, relatively soft organic earnings progression once adjusting for M&A and a mixed outlook for the sustainability of high payables balances in construction.

and:

With a growing share of earnings from leveraged joint ventures in Property and Resi, visibility is increasingly challenging and earnings sensitivity increasing.


67 pages apparently.

[cwa1] 07/6/2018 11:18

No idea what the detail of the Barc note is but probably not worth getting excited about whatever it is!

[welsheagle] 07/6/2018 11:13

Are Kier involved in the Heathrow runway scheme.

[mfhmfh] 07/6/2018 11:04

Numis today reiterate buy stance and 1,510p target price.


Peel Hunt today reiterate buy stance and 1,600p target price.

[sandeep67] 07/6/2018 10:39

No idea but bought 2000 shares as back to 1050 soon

[ali47fish] 07/6/2018 09:26

what is barclays' rationale for the downgrade?