Kier Share Discussion Threads

[ygor705] 26/8/2018 15:17

Grahamburn.....I am confused now: I thought the point that you were making was that Woodford may not have been doubling his stake size.

[grahamburn] 26/8/2018 12:17

Sorry ygor, think you're confused. How could Woodford deny information which the fund had given to the company which formed the basis of the both the RNS on Friday and the subsequent reporting of that RNS?



The holding was a public fact on Friday afternoon!

[ygor705] 25/8/2018 21:12

Well there has not been any denial from Woodford Grahamburn. Even journos have be reasonably accurate if they want to stay out of the Courts.

[grahamburn] 25/8/2018 19:01

The way you wrote that, ygor, you imply that The Times may be asserting without proof that Woodford has doubled his stake in the company. In fact, it is just reporting the company's own RNS from yesterday with a little embellishment within their Market Report.

[kangaroo joe] 16/8/2018 20:16

I've lost count of the number of companies that have over borrowed, over complicated the business, invested in Oracle or SAP at great expense, employed too many clever accountants that don't know the business that well; and then tried to keep things looking good by loads of exceptional entries in the accounts; economy drives etc. Then we see a few senior managers go, then eventually the executives when it all unravels and huge write downs are needed.

The dividend looks unsustainable. Confidence has been waning, but do we hang on thinking this is the exception? I dunno, just looks fishy.

[ygor705] 16/8/2018 19:30

Grahamburn.....sorry to be a bit slow in responding. Thanks for filling in the gap philanderer.

[grahamburn] 16/8/2018 12:56

Thanks, philanderer. So reasonably high up the Kier greasy pole, but not quite high enough to warrant an RNS. However, useful background for the role he has taken on.

[philanderer] 16/8/2018 12:47

Kier snaps up ex-Carillion MD


Former Carillion managing director James Hindes has joined Kier to head up its aviation and defence business.

Mr Hindes was managing director for Carillion’s southern region and before that served as the national operations director for its building business.

During his time at the contractor, which collapsed in January, Mr Hindes worked on Heathrow Terminal 5 and on estates projects for the Defence Infrastructure Organisation.

Mr Hindes will serve as managing director of Kier’s aviation and defence business, for which the company said it had “ambitious growth plans”.

In its half-year report released in March, Kier cited defence and aviation along with life sciences as three markets it is targeting for more construction work.

[grahamburn] 16/8/2018 12:39

ygor705

Please can you point me in the direction of the announcement of the "recent hiring of the ex MD of Carillion by Kier"?

A quick glance at recent RNS's (even going back to March) didn't show that appointment, so guess it's not at top level management.

[ygor705] 16/8/2018 10:29

In construction (as in any other business) there is always risk Z but I suspect that the recent hiring of the ex MD of Carillion by Kier suggests that they have assumed a significant number of contracts from that source. We are not looking at a jobbing builder here: the universe of contractors capable of assuming abortive Carillion work is limited - particularly if Kier was already heavily involved. Too easy to be pessimistic when the price of a share falls. All to often in modern markets predators pick up companies at an artificially low price and enjoy the recovery when it comes. With BREXIT on the horizon I'm afraid that we are likely to see a lot more of this kind of rape and pillage from overseas entities. It's done with shares rather than an axe and sword these days!

[zicopele] 16/8/2018 09:40

Carillon demise does not give Kier pricing power. The construction industry routinely underprices all work.

I doubt if Balfour Beatty, the biggest player in market has more 5 percent of the UK construction market.

Competitors come and go but there is always pricing risk.

[ygor705] 16/8/2018 08:59

Based on fundamentals, I'm having difficulty in understanding why the share price is so weak here.......particularly given that an underpricing competitor (ie Carillion) is no longer in the market. Unless we are dealing with a Board who are deliberately misleading investors, and there are hints of this on this BB, my own view is that an outside bid of some kind will soon be on the agenda.

[eriktherock] 16/8/2018 08:15

This is an information exchange so >
eriktherock - 24 Jul 2018 - 06:08:50 - 919 of 945 Kier Group 2005 - The Building Business - KIE
mark, the turning point was at the end of march last year and Kier have been in a downward trend since. There is support (yes, historic) around 920 which is clearly evidenced from the Weekly chart. If an Hourly candle is formed below this level(921) then there is sound technical reasons, based on past share price values, to indicate the levels referred to above e g 732p. There are no technical reasons
to support the targets you mention.

[nomdeplume] 15/8/2018 16:55

No it's not - it's just been dropping in line with the FTSI.

[zicopele] 15/8/2018 16:19

Winning work is easy. Price lower than the opposition and you are almost guaranteed to win the job.

I wonder why they even bother announcing new projject wins. Winning work is buying risk and Kier has enough risk.

We have now broken through 900p. This is very significant.

[f15jcm] 15/8/2018 12:53

Not for lack of business:

hxxps://www.insidermedia.com/insider/yorkshire/kier-wins-30m-of-work-with-yorkshire-councils

hxxps://www.constructionenquirer.com/2018/08/15/kier-confirmed-for-london-27m-biomedical-labs-job/

[zicopele] 14/8/2018 15:29

All...get your crash helmets on..we are.probing the downside of multi year lows ....so let it begin

[eriktherock] 13/8/2018 09:20

Nigel Brook (Executive Director - Construction and Infrastructure Services) and Nigel Turner (Executive Director - Developments and Property Services) will stand down from the Board and leave the business with immediate effect. 1.8.18

[salpara111] 10/8/2018 10:26

No private equity business would touch them with a barge pole due to the state of their balance sheet.

[zicopele] 09/8/2018 15:32

Why would Jura do that? Kier is sitting on a bundle of provisions which they call work in progress and keep on their books.

They then go through the motions of initiating legal action against clients for the most spurious claims in order to justify their positions.

[snakeoilsalesman] 08/8/2018 20:33

Rumours that Jura Acquisition who have just bid for JLIF are eyeing up Kier with a view to splitting and divesting the 3 main divisions.

[eriktherock] 08/8/2018 17:42

eriktherock - 23 Jul 2018 - 13:04:04 - 917 of 936 Kier Group 2005 - The Building Business - KIE
I've decided to scale in short @ 940p.
We shouldn't need 'vision 2020' to see where this is heading.
921p > 732p > 418p

[eriktherock] 08/8/2018 17:41

Well, we're at support and I've finished scaling-in short. Any way the wind blows !

[zicopele] 08/8/2018 11:56

The future of the CEO is inextricably linked to the current dividend.

Therefore dividend will be maintained at all costs.