Kier Share Discussion Threads

[minerve] 03/12/2018 20:52

Elcapital2018

Investment bank, corporate finance, pretty much the same function for a float.

Good for you on your corporate finance thingy majig. Now run along little boy, haven't got time to mess with brokers.

[minerve] 03/12/2018 20:19

Elcapital2018

I don't think you personally floated companies on OFEX. That would be more the process for an investment bank. You mean your brokerage was involved.

I founded a company that listed on the LSE. Made more money than any broker I know. They all used to come crawling to me, taking me out for meals, for a piece of the action, especially when I was shifting large volume to tracker funds.

[minerve] 03/12/2018 20:09

With respect to goodwill, Carillion took the preverbial. Taking the discretion of impairments to the extreme, in that, on some of their acquisitions, there weren't any, even though the acquired assets were producing less income and therefore were worth less. Kier is amortising its intangibles.

[minerve] 03/12/2018 19:56

"The market will be flooded with ex rights shares which underwriters desperately want to offload."

Yes, and there will be plenty of shorters who need to get their hands on them.

Listen, this stock is cheap for a reason. If you want safe, go elsewhere. If the kitchen is too hot for you, go elsewhere. Nobody is asking anyone to buy.

I made most of my wealth starting in the OFEX days. This is child's play compared to then.

[elcapital2018] 03/12/2018 19:50

is that a serious question??

[marksp2011] 03/12/2018 19:47

Zico

Why would they have underwritten it?

[zicopele] 03/12/2018 19:36

Shorting Kier is money for.okd rope.

The market will be flooded with ex rights shares which underwriters desperately want to offload.

[elcapital2018] 03/12/2018 19:27

has he passed exams to advise clients? was he a stockbroker for 13 years?

anyway

seems a few funds increased their short on friday although some smaller ones dropped below 0.5%



imo this will go bust

[zicopele] 03/12/2018 19:09

This baby is going sub 400p.

We, the market demand it.

[bsdjj] 03/12/2018 18:20

Maybe Woodford has not got the £35m odd for his rights and is selling in the market....The rights issue is fully underwritten. The 32% is the acceptances received so far from existing brokers. The underwriters are totally different being the banks/brokers willing to step in and take up any left over rights at the offer price and will be paid handsomely to be part of the underwriting syndicate. This is not to say the might be shorting already to hedge their underwriting risk particularly as the price moves closer to the rights price.

[marksp2011] 03/12/2018 17:49

I think it is a close call.......

[minerve] 03/12/2018 17:38

Personally I think fangorn2 is more switched-on than you'll ever be Elcapita2018.

Filter me too if you like. He he.

[fangorn2] 03/12/2018 17:17

stewart643 Dec '18 - 13:06 - 1200 of 1239
0 1 0
Fanghorn nobody seems to look at balance sheets anymore..it's quarter of a billion in the red once you discount goodwill. .

Goodwill associated with Kentz acquisition right?

What is key is whether the company has positive cash flow, makes money,and can service its debts(Presumably easy given historical low itnerests rates!)


Meanwhile on the Taylor Wimpey thread the doomsters are calling bankruptcy even as it doesn't book goodwill and has a liquidation value of three billion. Still has the same p/e as Kier.. as I said nobody looks at bslance sheets.

TW and housebuilders will be fine for as long as Net Migration is 275,000-300,000 per annum. Add that to population dynamics of those already resident plenty of demand for property going forward.

Given lack of building more than 175,000-200,000 odd houses per annum prices underpinned imo..

Wish I'd held on to my TW I bought at 4p/sh - meh

[eriktherock] 03/12/2018 17:04

418p should see the bottom.

[brexitplus] 03/12/2018 16:52

Big buying volumes from directors!!!

[elcapital2018] 03/12/2018 16:48

ok cheers grs