Kier Share Discussion Threads

[kingston78] 20/12/2018 12:00

The underwriters of the rights issue have probably lost money in taking up and selling the rights in a difficult and falling market. They will shy sway from a future rights issue exercise.

A net proceeds of £250 million (meaning £14 million in fees and costs)may not be enough. I think that given sufficient time and space, and in a more favourable environment the Board would have liked to raise more money.

I personally don't like intangible assets. They are hard to value and are subject to accounting manipulation.

What is important is CASH. Cash is king. Other financial figures are subject to interpretation and manipulation, or indeed accounting errors.

More to the point. The share chart speaks louder than words. It is on a downward spiral. I don't see it recover to the £4 level for another few years.

[brexitplus] 20/12/2018 09:54

Getting, b-in-l very close to the action and thus knowledgeable. Doesn’t bother himself with company reports and spin. But does know the industry inside-out.

[gettingrichslow] 20/12/2018 09:39

B+, looks like your brother in law's views were on the money after all...

[zicopele] 20/12/2018 09:32

There will be an emergency rights issue within the year.

[brexitplus] 20/12/2018 08:51

Next fund raising when?

[gettingrichslow] 20/12/2018 08:50

Mattjos, that's the question no-one can answer. As I've said before on here, and Zicopele has said the same, this company is in big trouble. Avoid like the plague unless you're a lemming. And frankly, one of the surest signs of all is that Minerve is a conviction-buyer. He has gone AWOL now of course like with all of his disastrous run of investments.

[mattjos] 20/12/2018 08:40

No surprise on this news.Why take up the Rights issue when the company is still paying dividend .. seemingly funded by debt / cash from this issuance?Just do not understand the financial governance of this company

[essentialinvestor] 20/12/2018 08:38

Not something you see very often.


This sector has been a very efficient destroyer of investment capital.
As mentioned previously it may pay to be cautious.

[ali47fish] 20/12/2018 08:29

dag explain how is this onwards and upwards with the share price right below the ri price

[brexitplus] 20/12/2018 07:53

The Company received valid acceptances in respect of 24,276,286 New Shares, representing approximately 37.66 per cent. of the total number of New Shares to be issued pursuant to the fully underwritten Rights Issue.

[dagsteeth] 20/12/2018 07:49

As expected. Underwriters will now have to dump stock, so the hedge funds get to close their shorts on the other side of the trade without moving the market. Well played chaps. Onwards and upwards once stabilised.

[eriktherock] 20/12/2018 06:54

In case you missed it >
Thanks philanderer.
Expect gap-down @ open.

[buywell3] 20/12/2018 04:39

Any company exposed to PFI's is getting hit

It really is that simple

[8w] 19/12/2018 20:48

Happy Christmas to all

[8w] 19/12/2018 20:47

The price action from 12:30 told us the outcome of the rights.

I am hoping this company is now a recovery story. Will have a look again at the end of January

[philanderer] 19/12/2018 20:33

Banks nurse pre-Christmas hangover as Kier rights issue flops


Underwriters including Peel Hunt and Citi face being left with about £75m of shares in Kier Group on Thursday, Sky News learns.

Sky News has learnt that the syndicate of five lenders which last month agreed to fully underwrite Kier's rights issue were facing the prospect on Wednesday evening that just half the new stock being issued would be bought by existing shareholders.

[eriktherock] 19/12/2018 07:27

From a monthly ta perspective, if this doesn't get above 519 by end this month it's all the way down to near zero.
Also, expected support around 418 is now resistance.

[nomdeplume] 18/12/2018 14:56

As they say, it takes one to know one.

[brexitplus] 18/12/2018 11:01

Zimmer, I have no wish to discuss you, but I think it useful for others to understand why you come across as a totally obnoxious individual and are unable to do anything about it.

[minerve] 18/12/2018 10:50

Brexit

If you want to discuss me why don't you set-up a 'Minerve' thread? I'm sure you have enough chimps to have a great discussion over a few bent bananas. This is for Kier investors. It hasn't yet degraded into the Dad's Army threads of Melrose and Lloyds. Not yet anyway. Have respect for other investors/shorters here.

[brexitplus] 18/12/2018 10:28

Dear All

I'm sure you be interested in pages 134-5 of Prof Steve Peters excellent book "The Chimp Paradox” where he describes the following personality mindset


1 The world is a place that belongs to them and others are in THEIR world.

2 They give people a value on how they can use them to fulfil their own ambitions.

3 They dominate by believing that getting the best out of a situation means showing zero tolerance to people.

4 Compassion is seen as a weakness.

5 Others' opinions are irrelevant in most cases, as they believe their opinion is right.

6 Ignoring someone who is seen as being of little value is the best way of dealing with them.

7 Any challenges are met with hostility and aggression.

8 Any admissions to errors, or being wrong, are merely given lip service and quickly dismissed.

REMIND YOU OF ANYONE POSTING HERE?!!! I BELIEVE WE HAVE SEEN ALL OF THESE BEHAVIOURS HERE FROM A CERTAIN PERSON.

This is called an Alpha Wolf mindset.

Prof Peters goes on

"The Alpha Wolf has varying degrees of being a dictator or a control freak and genuinely believes that this is the best way forward as they are best at decision making and doing things. The people along the way are seen as weak. Popularity is never an issue as their success and ego are paramount.

This mindset is often found in business and those with it can be quite up in organisations, where they "chew-up" the pack, using aggression to prove and use their position.

The Alpha Wolf's power is respected and feared but the ALPHA WOLF ITSELF IS NOT RESPECTED.”

[brexitplus] 18/12/2018 10:18

Obviously no sympathy whatsoever for those killed on “smart motorways.”

Kier share price is all that matters.

[minerve] 18/12/2018 10:08

To others, be careful, brexit has an alternative agenda on this thread which is to antagonise me and attempt to discredit me. Just be aware of that. He will not be looking at the facts objectively and his posts will be biased to being a bear because he knows I am a bull here. Sad isn't it. Nevermind, Minerve can handle these weak men.