Kier Share Discussion Threads

[itisonlymoney] 18/2/2021 08:39

Says you. Are you on the pension trustees board? They said they've started paying down the HMRC deferral already. Most firms probably had a pension deficit due to the ftse crash. They're probably handling it. Shareprice looks like it might be breaking out towards 90p. No one is worried.

[zicopele] 18/2/2021 08:28

The last financial statements state that £30m deficit payment is due.

Actuarial assessments are not updated realtime.

The monies are due.

[itisonlymoney] 18/2/2021 08:23

The pension was in surplus before the stockmarket dived due to covid. The ftse has recovered most of the loss. They probably don't even have a deficit anymore.

[zicopele] 18/2/2021 07:40

Guys, will they repay the £80m overdue tax before the £30m pension deficit?

What is the order of precedence for such repayments? Apologies for the technical question but this situation is extremely unusual for a going concern.

[johnbuythedips] 17/2/2021 19:39

Whenever we have a round of QE from Central Gov. it takes time for the markets to fully react.
The record infra spend is the 'QE' for this sector. It really is going to take off. I genuinely believe it.
See share price closing above 80 very soon.
Take care all.

[johnbuythedips] 17/2/2021 18:08

There will be no armageddon Sparty. The whoppers will get more far fetched as we tick up. For two years Wally has attacked Kier from every possible angle, and they still trade and still WIN contract after contract. He ridiculed posters for buying mid 40's yet accuses genuine private investors of ramping when their view is different to his.
He should be ashamed.
Sharks do not Patrol Kier Waters' anymore, just a few little tadpoles like Wally, Masturpiglet, Zico and Wally's alter ego Steve from the other board.
Kier is trading nicely at these levels, and I see no signs of it slipping. As I said, there are plenty of willing participants building their positions at these levels until the next LEG UP and plenty more £££ on the sidelines waiting to pile in.
Wally's hero Kuvari (what a disgusting individual) has long gone and probably didn't even wave to our resident troll on the way out.

[sparty1] 17/2/2021 17:07

Christ I hope you have a "real" short or shorts running because otherwise the millions of words and paragraphs indicate an unsound mind..
LOL.
Another day and no armageddon. armanotgeddingoutyet.

[wallywoo] 17/2/2021 16:27

Of course you won't answer here Stdy because you know the share price will massively fall when Kier come for more cash. Kier now has a very similar balance sheet to Carillion. They had £16b of orders when they went bust. As usual your point is not valid.

Kier had £25m of intangible assets in 2013 (and a share price around 1500p), and £740m today (the increase is all paying too much for acquisitions). The construction contracts are not assets and are in deed a short term drain on cash.

Oh and I will answer your questions if you answer mine!!

[stdyeddy] 17/2/2021 16:12

oh my, how I'm laughing at you wolly!! I've been asking you for ages, when will you bale out of your imaginary short? Will it be £1? But you refuse to answer. Also, why haven't you admitted that you got Davies's salary wrong? Such a small thing, but you just can't admit that you made an intentional mistake. You are such a fraud. Short from 50p, my ar$e. Loooollll.

You will be surprised, I'm sure, at the number of people who are watching Kier. Any news will create a strong move up. The comparisons with Carillion no longer stand up. The danger period has passed. Davies has raised cash, cut costs and improved margins and Kier continues to outperform all of its peers in winning new business. Even covid couldn't derail Kier. Now the vaccine programme is in full swing, normality is only a couple of months away.

You like to quote a number on kier's assets without taking into account the hundreds of projects which are already in progress, generating £300m in revenue for Kier EACH MONTH. Kier's intangible assets include hundreds of these contracts, hundreds of long-term customers, and a massive skilled workforce. These translate into competitive advantage in this sector and that's why Kier will ultimately trade its way back to a properly valued shareprice. The opportunity here is, imv, a big one because the share price is currently rated at a p/e of just 2. Ultimately it will be ten times this. You will of course be long gone, pestering people on some other board, because you are bored and malignant. 😊

Btw, I am long. That's all you need to know. In fact you don't even need to know that. I would never share personal information with a confirmed fraudster, which is what you are wolly.

[wallywoo] 17/2/2021 15:42

Lol Stdy, no desperation here, just saying it as I see it. In fact, I am impressed that the usual suspects have not managed to recruit many followers here. I remember with Carillion and Interserve there were many many more positive posters. As there were in summer 2019 here.


Pi's have woken up to the problems in this sector IMO, despite your best efforts. Shame!! With -£480m net assets there are very few answers here other than equity raise. Worthless paper for cash, if they can con enough investors (unlikely given the last RI failure)!!

Still waiting on the answers to my questions, when did you buy, what's your stop loss???

BTW your cash covenant is made up and nonsense, debt to ebitda, and debt to net worth are the likely / usual covenants.

[sparty1] 17/2/2021 15:42

100 mill of cost saving by year end...improved margins. Ship is turning round. Good sector to be in Infra.The best.

[stdyeddy] 17/2/2021 14:54

wallz, you seem a little desperate today, although now that I think about it, you seem to have been desperate for several weeks now, flinging shrill baseless accusations at everyone around, from posters here to Kier management. Kier DOES have plenty of headroom in terms of liquidity and is required only to have £50m in cash on hand to stay within its debt covenant -- Kier actually had EIGHT TIMES THAT AMOUNT at year end.

What is more relevant is that Kier is the UK's largest construction firm, winning new contracts every week and has dozens of framework contracts in place and literally hundreds of contracts in progress with hundreds of customers. We are now coming out of the covid public health emergency and there is a logjam of new construction projects waiting to go; we are looking at an infrastructure boom. My guess is that Kier's current massive order book of £7.6bn and annual turnover of £3.5bn is about to increase very substantially. Kier has massive competitive advantage in this space through its established customer base and proven reputation.

On top of that, Davies has been cost-cutting and making the business more efficient for 18 months now and the business is emerging as a leaner operation and will make better profit margins which will add a significant boost to the bottom line.

Also, as we have said many times, there are potential asset sales, not just Kier Living, which will cause a big spike in the shareprice. I reckon we will see £1 here very soon now. I really think you should give up on your vindictive, misguided and just plain stupid attempts to denigrate Kier and the shareholders on this chatboard.

[sparty1] 17/2/2021 13:11

It is perfectly clear that there is sod all volume. No big sales or buys but any drop the last few days has been bought into.

[sparty1] 17/2/2021 12:32

I will predict that any "debt renegotiation" results in better terms that reflect the current times..
Mind you if the share price shoots up soon I may not be around to answer for my prediction either way..
Cannot have money tied up forever eh Wally? :)

[wallywoo] 17/2/2021 12:27

Lol Johnbuythelosers, Kier have significant liquidity headroom until either;1) their debt covenants are breached. This is separate to liquidity headroom.2) their debt needs to be renegotiated, which is due over the next year.So it is not the reassurance you make it. In addition, there's only one reason why a company announce in advance a possible equity raise. That's because they can't underwrite one now and are looking for investors / PE / funds / any cash injection solution out there.That's not good!!

[ontheforks] 17/2/2021 12:17

Up £50 so far jbtd maybe I'll go to the movies by myself lol

[imastu pidgitaswell] 17/2/2021 11:44

:-)

That's the thing with a well capitalised share - when they release good news, or even just the absence of bad news, it's seen as a positive.

But wtfdik?

As I'm sure will be pointed out if it doesn't break through, 62p is a pretty big resistance. Just the 100% up on the lows...

[sparty1] 17/2/2021 11:40

well well pidgy ,COST at 61! You must have a tissue stuffed up your nose to stem the flow!

[johnbuythedips] 17/2/2021 11:38

A close above 78.60 is bullish.

[wallywoo] 17/2/2021 11:25

Sparty, Kier already has 30 percent more shares in issue from when the share price was 1000 (from the last RI at 360 and 409). That raised around £250m which is now more than spent. Kier have also sold many assets since then to leave a current net assets value of (-£480m ignoring intangibles).


This time round they really need around £400m /£500m cash injection to make them a viable business. If they managed to get 40p per new share and sell KL for £100m (big if's!). That's still another 800m+ish new shares.

We have seen all this a long time ago with Jarvis. Kier will become a penny share. Is it worthwhile??? This investment will make no one any money, IMO.

Johnbuythelosers, there's no buy signal on the charts. It's a pennant which can break down or up. The overall trend is still very much down.

[johnbuythedips] 17/2/2021 11:11

Seems like a good idea but could all go to pot!
Wally. Starting to lie again as you use an equity raise this time to unsuccessfully de-ramp Kier. The UPDATE said “it was CONSIDERING the POTENTIAL of an equity raise.”
IMO with SIGNIFICANT LIQUIDITY HEADROOM it will not happen until after the sake of Kier Living or until the share price is double where we are at now.
Looking forward to another higher close to set up a massive BUY SIGNAL on the charts.
Have a good day.

[ontheforks] 17/2/2021 10:13

Same old posts I see now I know this is a kier board but seeing as there's so many experts on here what are peoples opinions on kanabo there after the cannabis oil market shares are cheap and although relatively new is there an opertunity to make money from the share price alone ty in advance