Kier Share Discussion Threads

[minerve] 10/12/2018 16:35

May I thank an incompetent government and 17.2 million morons for giving me the opportunity to buy many companies very, very cheaply. Perhaps I will be looking to buy a nice Italian riviera property once the lemmings stop fussing and the silly dust settles.

[minerve] 10/12/2018 16:32

Maybe someone can remind us of the story Chicken Licken.

I added this afternoon.

Someone is going to be wrong. It isn't going to be Minerve.

[minerve] 10/12/2018 16:31

Is anyone going to post anything of detailed rationale or are we going to continue posting Ladybird scary story classics? LOL

[buywell3] 10/12/2018 16:05

Which other country will be first to join the UK and how many EU parties will have a referendum addendums to their plans and manifestos ?

The possibility now comes into play that another EU country will leave before the UK

Unless their Government like ours ... does not see it through and say

Go back and try again ... tick this box here

[careful] 10/12/2018 15:59

I hope a new referendum is called.
The only way out.
Economically and saving the union.

[buywell3] 10/12/2018 15:57

May aborts vote

Plays her Trump card

UK revokes Article 50

Brexit is suspended for now .... says we need more time to reach accord and find a solution to what has turned out to be a very difficult problem for her and her cabinet to solve.

2nd referendum called by friday

Should please markets no end

[nomdeplume] 10/12/2018 15:54

kingston78: It must be nice to be so sure of of one's self. It's a shame you're not in charge of Brexit.

[gettingrichslow] 10/12/2018 15:28

Surely the top team should walk?

[buywell3] 10/12/2018 15:16

Big picture post

[zicopele] 10/12/2018 15:15

Wow..that is a big post

[kingston78] 10/12/2018 15:05

GE of the USA was once the largest listed company. An employee had invested all his savings in buying shares in GE. Fortunes came and went, and after 30 years GE's share price was the same. That employee had effectively lost a lot of money through inflation. That was a real life story that I heard some years ago. It is no good being too stubborn.

Faith does not always pay off. It is true that sometimes it pays off handsomely. Each to their own.

We all recognise that there is a business, but at what cost. If you read statements by the directors in the last two years' annual reports they had painted a rosy picture. including the latest annual report posted in September 2018, citing many positive factors. Those statements are contrary to some of the things that they say in the Rights Issue document, in particular, credit insurers tightening credit on suppliers. This is nothing new. Credit insurers have tightened credit in many industries for a couple of years now. That is one reason causing cash flow problems. Banks and lenders have been and are doing the same.

Going cap in hand to shareholders (or lenders for a loan to equity swap like Interserve) will always end up poorly. The reputation is gone. If this is not mismanagement, what is?

You will find Kier's share price back in 2002 at this level. Chart wise, once a support level has broken it will become a resistance level. It will take a long time or some encouraging results to change investors' perception.

[minerve] 10/12/2018 13:08

Yeah, thanks Monty. Chelsea had a good game.

wipo1 - no, not a scouser.

[wipo1] 10/12/2018 12:59

Are you a scouser?

[minerve] 10/12/2018 12:47

Put it this way - Minerve is still going to have a good Christmas regardless of what happens here.

I'm more concerned about LFC vs Napoli tomorrow night to be honest. LOL

[minerve] 10/12/2018 12:45

No zicopele

I do have many shares in this company. My sanguine approach comes from understanding the company and its markets as best as I can. That requires days and days of study and decades of experience.

I could be wrong but I risk manage by not allowing this to have too much % in my portfolio.

[zicopele] 10/12/2018 12:36

Minerva.. you are very sanguine....so sanguine that I doubt you have a single share in this dog.

[minerve] 10/12/2018 12:19

Underwriters know what they were doing. In 18 months/2 years that 409p will look very good IMO.

I could be wrong, but that is what makes a market. But I doubt it. Minerve is Minerve.

I see Interserve won a small contract today. Obviously in the real world some are less jittery.

Motorways are still going to be upgraded. HS2 is happening regardless, Crossrail too. Schools, hospitals will be built/upgraded. Rubbish will be taken away. People will still subscribe to Virgin Fibre and new homes will be sold via HTB.

I think some are getting a little too excited at the action of the share price rather than focusing on the underlying business.

Good look folks. I'm very very relaxed here.

If the heat is too much for you, stay out of Minerve's kitchen.

[zicopele] 10/12/2018 11:12

They enter the house of pain...like everyone else.

Maybe Minerva can offer them advice.

[zicopele] 10/12/2018 11:06

This baby us going down guys.

Get ready for a crash landing.

Might buy at £2.

[cashandcard] 10/12/2018 11:05

MH,

Its a cyclical issue. Difficult times ahead, the economic outlook is not great. Like Oil&Gas in Autumn 2014, the cycle has turned and its just not the sector to be in.


Cash

[llef] 10/12/2018 11:04

intresting article here, about why kier might not be raising as much money as they actually need..

"The snag is that Kier has created the impression that it is raising as much as it can, which creates doubts about whether this is as much as it wants. The issue is equivalent to two-thirds of the current share count, the maximum new stock it can create without having to hold a shareholder meeting. As such, this is the biggest fundraising it can do before the end of the year. The two-week timetable is as fast as it can be."

[gettingrichslow] 10/12/2018 10:54

Lemmings only...going over the edge...Minny is in on this which is a red flag to any serious investor 🐶🐶🐶