Kier Share Discussion Threads

[imastu pidgitaswell] 08/9/2020 08:25

Acquisitions? With what? And asking the market to back this management with their track record? A little unlikely, methinks. And hopes.

[escapetohome] 08/9/2020 08:22

My advice to KIE would be to be very very careful about any potential acquisitions out there on the market.

Very very careful indeed. I cant emphasise that enough.

Concentrate on managing and pruning the existing business and make them work.

[imastu pidgitaswell] 07/9/2020 09:18

Yes, I hate chartered accountants. Dreadful people...

:-)

[zicopele] 07/9/2020 09:11

That is a good appointment.

It represents a departure from the days when all Kier board members were chartered accountants.

[quickquid] 07/9/2020 09:07

No, actually they had far more positive comments about Kier.

Only reason for leaving was the financial issues. Obviously they are going to protect themselves first by taking a more secure position elsewhere.

[easy45] 07/9/2020 08:42

Ex-employees for a reason- normally bitter and twisted

[quickquid] 07/9/2020 08:36

Speaking to a couple of ex-employees who have left Kier, things aren't looking too good. Feel for the 18000 employees.

Auditing companies really need to take a pounding from the government. Really does raise the question as to what goes on behind close doors.

[ltcm1] 07/9/2020 08:03

Hopefully she will dispense tin hats to all investors.

[imastu pidgitaswell] 07/9/2020 07:06

Good appointment - although from the profile, she would be far better suited to the role of CEO than the current incumbent.

[johnbuythedips] 07/9/2020 06:37

Kier Group plc

Board Appointment

Kier Group plc (the "Company" or the "Group") announces the appointment of Alison Atkinson to its board of directors (the "Board"). The appointment will take effect on 15 December 2020.

Alison Atkinson is the Chief Executive Officer of AWE plc ("AWE"). A civil engineer by background, Alison joined AWE in 2005, having previously worked for Halcrow Group as an engineer and a project manager. Alison has held a number of senior operational roles at AWE, including Executive Director, Infrastructure Projects Delivery from 2016 to 2020. Alison was appointed as AWE's Chief Executive Officer in May 2020.

Alison will be the Chair of the Safety, Health and Environment Committee (the "SHE Committee") and a member of the Nomination Committee, the Remuneration Committee and the Risk Management and Audit Committee.

Matthew Lester, Chairman, said: "We are delighted that Alison will be joining the Board. The Board will benefit from Alison's depth of experience on operational matters and, as the Chair of the SHE Committee, Alison will oversee the Group's increasing focus on sustainability matters. I look forward to working with Alison."

[easy45] 04/9/2020 16:19

You forget to mention new management, cost saving, government backing unsurprising from you two.

[ltcm1] 04/9/2020 16:05

Here is some truth and numbers:

dec 18 - Rights Issue at £3.30

Year and a half later - 60p.

[easy45] 04/9/2020 15:35

20 years of lies, Wally Wally wally the big fat liar, see you on the 17th "TOLD YA SO"

[wallywoo] 04/9/2020 14:51

Hi easy, another Kier only poster. Anyone else find it so strange that these bullish poster's only post on here.A share desperate for buyers, with a share price at a all time low.Any genuine holders please note, this board is full of non genuine posts. And before anyone says it, I am not one. Have been on advfn for 20 years, and post on numerous boards.

[ltcm1] 04/9/2020 12:22

Not holding here so hope I'm wrong.

Just a couple of years ago Kier spent £18m on a strategic review, with KPMG advising Kier should sell their Property and Housebuilding divisions.

Andrew Davies was recruited on big money to do precisely those two things, yet has managed neither. He had tons of chances to get something done before March this year, yet inexplicably failed to take any action.

Had he done so Kier would now have a fighting chance but as things stand it's highly likely they will be facing huge losses in these divisions in the years ahead, given the macro economic backdrop.

I think it is all very sad.

[easy45] 04/9/2020 12:12

In your opinion ONLY.

I will be one of many to say i told you so on the 17th, until then carry on.

[ltcm1] 04/9/2020 11:59

Easy45 you conveiniently forget Kier almost ran out of cash December '18 and had to do an emergency rights issue.

Housing transactions are running at under 50% of pre Covid levels, banks are starting to increase deposit requirements to first time buyers, it is not hard to see a crisis brewing again at Kier.

[easy45] 04/9/2020 11:51

Like a broken record, you will be saying the same rubbish come the next results after the 17th and after them and after them.

[ltcm1] 04/9/2020 11:27

I think the game will be up for Kier come results day. They are going to run out of cash in my opinion.

[imastu pidgitaswell] 04/9/2020 10:50

Agreed on the lack of information - they have left the market hopelessly short, for far too long, of quantified information and a clear picture of their current levels of cash generation/consumption.

Not so sure on the bad news being priced in. But until we see it we can't know.

[onlylongterm9] 04/9/2020 10:45

A much clearer picture of the state of affairs here should emerge later this month with the upcoming company update due on 17th, a lot of bad news particularly with regards to the debt and a potential RI is already priced in the depressed KIE SP, and if the updates turn out to be better than presently expected by the market then we will see significant upsides going forward IMO.

[ltcm1] 04/9/2020 10:17

Meanwhile eddy, like some form of mutant algorithm, has put himself into mothball mode.

[wallywoo] 04/9/2020 10:04

nom, why do you always come across as someone who is not worried about the state of a investment they have. You were not worried with Carillion and are not worried now.

We don't know what will be said in 2 weeks, but we do know it is very very unlikely to be good and happy news. So why take the risk while your investment is still worth £100M.

Personally really surprised, Kier is not worth half that with the risk ahead, imo.

[nomdeplume] 04/9/2020 09:57

We are within two weeks of the report. Do you really know that your figures are current, as opposed to historic. I do not know whether the figures in the report will be better or worse. But I am prepared to bet that they will be different.

[wallywoo] 04/9/2020 09:22

£440M net debt: fact
£16m a month cash burn, true for the last 3 years
Negative net tangible assets: on last balance sheet (by £300M odd)
Pension deficit: mentioned in the trading update, not stated by how much, so that is the only guess (on a £1.5B pension pot, I assume covid has hit it 10% - conservative imo). Would you put more money into another RI to keep their penson pot afloat (imo it is a shareholder cash blackhole) - you will never get a return here again imo.