Kier Share Discussion Threads

[ygor705] 04/12/2018 18:13

Monty. The underwriters are getting very well rewarded for taking the risk here and cannot seriously have anticipated anything other than a rough ride. If we do get a share overhang from the underwriting it could depress the share price further and for longer but the company will have its cash and be in better shape going forward. The big question of course is whether the sudden increase in debt was really being driven by cost overruns on bad contracts. Flip a coin on that one ....only the insiders will know!

[nomdeplume] 04/12/2018 18:10

Zicopele: A good day for Kier. share price only 4% down. Damned with faint praise. I think the shorts will close soon as Kier is clearly being supported at this price. After all, if it's not going down any more what's the point of the shorts holding on?

[minerve] 04/12/2018 18:06

Good day for me having bought some tranches early in the day. My average continues to lower and I still have rights to exercise if needs be at 409. Not out of the woods yet by any stretch of the imagination. I'm very relaxed about the whole thing though. Probably watch the football tonight. Maybe a gin or two.

[zicopele] 04/12/2018 18:00

A good day for Kier. share price only 4% down

[minerve] 04/12/2018 16:37

Thank goodness they are not BT shares eh Monty? ;)

[montyhedge] 04/12/2018 16:17

They could be left with shedload of shares, if a disappointing take up.

[minerve] 04/12/2018 15:30

"shorters to snorters"

You need to snort to be both long and short nowadays! LOL

[nomdeplume] 04/12/2018 15:28

It would be interesting to know the number of shares that have changed hands. The shorters do not have an unlimited number of shares, only the amount they can borrow. Are we dealing with a few shares changing hands thousands of times. i.e. the banks buy when the share price goes under 400 and sell when they go above say: 420? (Interestingly, my spell checker changed shorters to snorters. It somehow seemed most apt.)

[minerve] 04/12/2018 15:28

Fundamentals always suck.

The fundamentals of the UK suck but we still live here.

[marksp2011] 04/12/2018 15:11

Essential

BBY led the charge to pick pockets. They discovered they had contracts that were toxic , I assume that is another one with no management system that works

they tried to go belly up about 5 years ago and went for a big rights.

[zicopele] 04/12/2018 15:01

It sure does....at least temporarily.

The fundamentals suck though

[alexisk] 04/12/2018 15:01

Pejaten: I think the banks and the underwriters are one and the same
(well two of the main underwriters are HSBC and Santander -- who I suspect are also some of the main lenders to the company)

[pejaten] 04/12/2018 14:57

Why should banks shore up share price? Rights is fully underwritten. If anyone wanted to artificially hold up the share price it would be the underwriters ....

[nomdeplume] 04/12/2018 14:51

Zicopepe: The banks are shoring up the share price....or trying to. It looks like they are succeeding.

[alexisk] 04/12/2018 14:49

SP rising quite sharply now. Would this be shorts closing before shares go ex-rights tomorrow?

[essentialinvestor] 04/12/2018 14:34

BBY appear to have resisted the acquisition splurge
multiple sector companies embarked on over recent years.

CNT was a prime example of that.

[brexitplus] 04/12/2018 14:11

Balfour Beatty aims to reassure on debt situation, says completed repayment of £252.7mln convertible bond

The FTSE 250-listed firm said that as a result of the convertible bond repayment, it has now paid down 45% of its gross debt in the last 12 months

Analysts at Liberum Capital noted that this repayment was planned and said it should generate £12mln to £13mln in annualised pre-tax savings

Balfour Beatty PLC (LON:BBY) revealed on Tuesday that it has completed the repayment of its £252.7mln convertible bond from available cash resources, aiming to reassure investors in the wake of fears over a debt crunch for infrastructure lenders.

Last Friday, Balfour’s FTSE 250-listed peer Kier Group PLC (LON:KIE) announced plans to raise around £264mln via a rights issue to accelerate its net debt reduction plans and strengthen its balance sheet.

[brexitplus] 04/12/2018 14:05

Careful, see what I mean.

Minerve, or Zimmer as I call him, has no time for anyone’s views but his own.

As I was saying, my brother in law, who is senior in the U.K. for his multinational employer (miles bigger than Kier), speaks to many people from the competition and new employees who have joined his firm from competitors. The current feeling, he says, is quite negative throughout the industry, and people are worried about their jobs.

Now I know the master investor, Zimmer, from the comfort of his armchair, on his umpteenth alcoholic beverage of the day, and it’s only 10am, annual reports in hand, knows better than those at the sharp end, but I prefer to listen to those doing the job.

He also comments that he is being trolled. He is an ever present on the Melrose board even though he has no shares, nor ever has had.

[zicopele] 04/12/2018 13:22

The banks are shoring up the share price....or trying to.

[minerve] 04/12/2018 12:55

Yep, same yesterday.

[nomdeplume] 04/12/2018 12:54

Careful: shorters not closing yet, no significant buyers.Given the number of trades, someone must be buying and a lot.

[ygor705] 04/12/2018 12:44

Assuming that anything that the company is saying can be believed a 5 times covered dividend would be 26p on the back of Share Centres projected eps figure for the period to June 2019. That represents a yield of 6.36 per cent at the rights issue price. My understanding is that the rights issue IS underwritten so if we are looking at a going concern situation here then my personal view is that the company have got there sums about right for a change

[minerve] 04/12/2018 12:33

ohdearohdearohdear 4 Dec '18 - 12:23 - 1312 of 1312 (Filtered)

[ohdearohdearohdear] 04/12/2018 12:23

Minerve shows all the classic signs of senility. Poor chap.