Nothing seems to move the needle of the share price though. You watch, the first bit of bad news will result in the share price rocketing to £2, such is the oddness of this stock. |
just a small contract here but it adds to scope of kier's capability.
Kier appointed by Somerset Council for reservoir improvement scheme
also, this kier property division scheme is being reported in the media today:
Kier lodges plans for 452,000-square-foot Andover industrial
The scheme will be the largest at Logistics City Andover |
Also, I don't recall this project being mentioned here before:
Construction work has begun on a new £180m education building at the University of Southampton.
Shovels hit the ground today [Wednesday 5 March] at a groundbreaking ceremony to mark the start of building works at the University’s Highfield Campus.
Located at the corner of Burgess Road and Broadlands Road, the new five-storey building will enhance students’ university experience by combining new teaching and studying space with social and wellbeing facilities. |
Here's an interesting project in construction news today -- didn't know Kier were building this:
Kier says job to turn West End theatre into new home for Cirque du Soleil will take three years to build |
Our favourite construction firm is a whisker away from over-taking Morgan Sindall in the value of contracts won over the last 12 months, and dominated the contract league table for February.
Kier surged to the top of the February leagues after it bagged two prison jobs worth a combined £800m.
The contractor signed contracts worth a total of £961.9m, more than three times the value of deals won by its nearest competitor, according to construction data provider Glenigan.
Of the 11 contracts Kier signed in February, the largest was a £683.8m job to build the new HMP Glasgow as a replacement for the ageing HMP Barlinnie.
Kier expects to complete the job in 2028, and had been carrying out early works on the site since October. The new prison will have capacity for 1,344 inmates.
The tier one contractor also bagged a second prison job worth £116m last month – to build two houseblocks, a workshop and storage buildings at HMP Lancaster Farms in Lancashire. |
depends on the dividend most likely. kie is shaping up for a good return. if the divi is £40m, plus 3% in share buyback, that comes to about 10% on this shareprice. cld easily double imo if the market sees it as a safe business, not connected to foreign tariffs etc. and with a reliable customer (UK govt). |
Since the last update it appears about 1 billion worth of additional work has been confirmed with the new Glasgow prison being the biggest. So hopefully the outlook is very positive. Maybe them reporting a net cash position of over 100 million will be the catalyst that the company has now completely turned around? |
Like most people on this site I can’t understand the basis of the share buyback if the results are good then surely the price will go up and therefore they will have to pay more where is the logic I think the board should explain when the results are announced. Of course the opposite could happen and the results are disappointing and the shares fall and they pay less either way this is not good management. Galliford figures were excellent following on from Morgan Sindall so next Tuesday should be interesting with both Kier and Costain reporting as I said previously they have to be positive about the second half with comments like this year we will see profits significantly ahead otherwise these shares won’t be moving very much. |
Galliford now sitting at a PE of 12 whilst Kier winning contracts hand over fist that are gold plated government contracts is on a PE of 6. I expect fire works on results day here.My point re the buybacks is just this company is generating well over £100 million of free cash flow now. There appears to be circa £60 million of stock in free float. My point is serious shareholder value can be created if they buy the stock more aggressively. Ultimately price would need to double before institutions start selling imo. |
A big rise for GFRD this morning, opening almost 7% up on last night's closing price and still going strong; almost 10% up in the first 20 minutes and just about to show on the top ten risers leaderboard. |
Also the new focus on defence is already producing contracts for Kier (they have at least three big ones already and now this one):
Kier scoops £118m army barracks deal
The contract, which runs until April 2030, was awarded by the Ministry of Defence (MoD) last week as a framework call-off.
It will see Kier deliver living accommodation, technical facilities and other infrastructure, and will include a combination of new-build and refurbishment of existing assets. |
Excellent report from Galliford this morning. All numbers above expectations. Bodes well for Kier for next week. |
Trouble is a lot of private investors here are still underwater , they may have brought more in recent years and lowered their average, obviously some have doubled their money here , but they will be the minority , they chance of big dividends , is not part of the remit, I'm sure , and most private investors here , it wouldn't fund a weekend away. |
As you say with 83%, owned already by institutions , are they planning on hoovering up the other 17% , pushing out the small players , less interested parties in the mix , easier to sell the business ?? |
Yes this share has big institutional ownership and hence low free float. But that surely is even more reason to go in bigger with the buyback as the price would have to go up due to limited shares to sell. Or perhaps the management are fine being sacked when the inevitable US private equity take over happens if they can not generate any share holder value. |
Besides the worldwide economic disaster, it is quite normal to see Kier's share price (SP) drop for weeks followed by a slow recovery. Unfortunately, I am not convinced that the share price will rise above 160p. It's better to buy the dip and sell at 150p.
The buyback is ridiculous, and as I said from the beginning, I would have appreciated a higher dividend. However, with 83% of the company owned by financial institutions, the buyback makes them happier. |
It definitely is affecting the share price , but so many shares owned by institutional investors, almost have to be prized out into the market |
You would imagine with the amount of money they will be generating, over 100 million a year in excess cash flow now that month end debt is gone that they will have the capacity to add to the buy back substantially. But that would only make sense if they increased they daily amount bought back. Just crazy to have a buyback set at this volume. Should have declared a special dividend or something rather than this nonsense. |
Maybe keeping spend low , until next Tuesday , if then required to support the share price , could be a reason , all will become clear , or maybe saving, to pile in , if an offer appears , another option |
Well today is likely to be the worst day between now and Tuesday, given that the US has applied heavy tariffs to a few countries and stopped aid to Ukraine. The pound is actually up, since we appear to be dodging the bullets so to speak. Presumably this also means cheaper materials coming from Canada to the UK, so for the moment at least, not really negative for the UK. Kier is domestically focused only, so again, no real impact. The relatively small drop today is a feature of the entire market. I'd like to see Peel Hunt increase the buyback rate today to take advantage of it, but I doubt it'll happen. I don't understand what's going on with the buyback strategy for now, but I daresay it'll become clearer over time.
Just need to get through the next four business days now. |
Have a look at Keller Group results. That's the kind of move I am expecting here next Tuesday. |
No reason why not. |
Can Kier be involved in the construction of the SMR infrastructure? |
Be very interesting , on knowing more on the structure of the JV , bet it's weighted in Investec favour |
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