Kier Share Discussion Threads

[imastu pidgitaswell] 06/4/2021 14:34

And that's fine - you follow the money. Until it changes. Some of us prefer to know what we're investing in and on what basis. It's allowed, you know...

[hamhamham1] 06/4/2021 14:32

I listen to the markets, not randoms on here.
Kier are rising and rising more than Costain, the market is wrong and you are right, stupid market!

[imastu pidgitaswell] 06/4/2021 14:32

Tax relief will apply (partially) in the near term. Which would help with the cashflow.

It won't last forever, and personally I don't like to project with a view to investing in something that isn't going to be there in the long term.

RE couple of years - not necessarily. I said 'clear path' - I don't necessarily need to have it in the rear view mirror. I wouldn't have invested in Costain if that was the case, looking at the car crash set of numbers they have just announced. But the visibility here is just too limited - at the moment. For me.

[hamhamham1] 06/4/2021 14:30

That was a typo, ODX, not the now corrected OBX.

[imastu pidgitaswell] 06/4/2021 14:30

ham - and that's it, is it?

No counter argument, no 'here's why you're wrong', no quantification?

He asked me a question, and so I answered it. I've explained why I'm here and why I'm interested. Try and say something specific about the company that is the issue, perhaps? Instead of spamming (here and elsewhere) a business that has no relevance to this?

[claymagnet] 06/4/2021 14:30

Thanks for the reply.Do we not have some sort of tax relief to come from the losses?I get what your saying from a big bucks and long term gig point of view.From a trader point of view I think there is some volatility coming our way. Like wally says the share price dead cat bounce and all that malarkey all on no news at all.Could be a couple year till your pushing the button mate.

[hamhamham1] 06/4/2021 14:26

Christ, some people really have nothing better to do than bad mouth companies they not invested in, life's too short, spend your time on positive thinking, it does rub off you know.
I am invested here, Costain and 40 other companies, life is good.
My latest, ODX, starting to pick up after it was in auction for 40 mins this morning, or at least zero shares available on open for a long while.

[claymagnet] 06/4/2021 13:14

Imastu just moving your kie thread back to the kier board. I get what your saying about the safe risk reward. Personally I like the more riskier ones but I am playing about with a lot less here.So brings me to a potential personal question. If say they are have been in for a billion quids worth of debt, and the new numbers show an improvement on that, what is an acceptable level of debt for a company with this turnover in a 2021 post pademic?I'm a kier man and see this as my home BB. I'd like to put more brass in. Currently holding back as like sparty says I don't want to buy back in for more than what I sold my 50% at. I would however buy back higher if the results showed no equity rise and the firm continued to have significant liquidity head room. Davies has been cost cutting which is expensive and looks bad on the books, kitchen sinked it. These cost cuttings must show through surely sooner or later. Alternatively there's good news and bad news with the RI and we buy in at a lower share price however at present speed I would guess the buy back share price will be a lot higher than what some of us would like. Sorry Wally/Zico, unless they go bust which I think we are long past now, I don't don't you guys will make as much as u guys originally planned on with your shorts.Just my thoughts over the last couple of weeks. Take it easy all. GL.

[itisonlymoney] 06/4/2021 12:53

hxxps://www.built-environment-networking.com/news/hands-set-to-get-his-fingers-on-kiers-housebuilding-arm/

Construction giant Kier is reportedly on the brink of selling its housebuilding arm to Guys Hands, the influential private equity founder of Terra Firma Capital.

The sale of Kier Living is expected to raise in the region of £120m for a company that reported a pre-tax loss of £225m in its latest set of annual results (2019/20).

Last September Kier, who are the UK’s second biggest construction behind Balfour Beatty, announced it was auctioning off Kier Living and a decision is expected this week.

Mr Hands, who made his name at investment bank Goldman Sachs, has reportedly been pursuing the deal for at least 12 months and was revealed as one of those in the running for the purchase earlier this year.

Kier has worked on most of the major recent infrastructure/construction projects including HS2, Crossrail, and Hinkley Point C. According to the most recent company data its annual turnover is £3.5bn (2019/20).

Kier did not respond to a request for comment.

[wallywoo] 06/4/2021 12:52

Lol, Sparty equity issue at a similar price? Are you in dream land?Kier will need to market at least as many shares as there are now. For a company with negative net assets, huge debt and no dividends. You seem to think investors will be queuing up at this price, even though a equity issue failed at a 60 percent discount 2.5 years ago!!You also seem to think all Kier's problems are behind them because the share price is stable. When you have no news for 9 months, sometimes the share price behaves irrationally until that news arrives. Most of the competition have made losses for the last period, I don't expect Kier to be any different.So likely / expected news is a massive equity issue at a huge discount, and a loss. That's still optimistic IMO, since I am not sure they will find the support for a equity issue.

[itisonlymoney] 06/4/2021 12:46

£80m deferred tax will be paid off very soon. They already started paying according to last RNS. After the kl sale and cash-raise, If the company has £300m in average monthly debt, so what? Most companies run with debt. £4bn turnover. They could be running with net cash of £300m in about three years. I don't see a problem. Now answr that without 'playing the man'.

[imastu pidgitaswell] 06/4/2021 11:46

Except it wouldn't leave the debt 'sorted', would it?

Are we going to talk numbers now? Or are you going to carry on trying to spam other threads?



"And relating to debt:

Average net debt is £436m, not the £310m window-dressed y/e number.
Plus £80m delayed tax.
Plus £125m trade finance of £125m if you're being fair.
I appreciate nobody here wants objectivity, but you should include it.
So that makes £641m net debt. Call it £640m, as it's you."

Debt will be between £350m and £400m after disposing of KL (for £115m? really?) and raising £150m, with the associated share dilution.

Prove me wrong?

[sparty1] 06/4/2021 11:38

The way the shareprice has been perching around the 90p mark might lead someone to suspect fund raising at a similar price? Now that would probably be a good thing.. KL sale ,debt sorted ,ok far more shares but safety looking forward into a VERY BUSY SECTOR.
Might not hammer shareholders as much as mooted by the doomsters.

[hamhamham1] 06/4/2021 10:14

As with comedy, it's all about... timing.

[wallywoo] 06/4/2021 09:57

Lol, Kier up a small amount on tiny volume is deeply insignificant. It's where the share price will be in 1-3 months that matters. You have had your rally, Kier need to present their financial solution now, after no news for 9 months.


That's where the fun begins!

[hamhamham1] 06/4/2021 09:39

Wally et al, you keep trashing the stock, and it keeps going up, and we keep earning... Pray continue.

[wallywoo] 06/4/2021 09:27

Lol so let's get this right, johnbuythelosers. After stating on this BB that you have bgt 23 times over the last year, you have sold (very small if any profit, certainly not after broking and stamp duty fees) because the Kier board are too opaque and silent
- facts that I have pointed out numerous times. Thousands of posts, hours of time, no profit (I have lost count of the times you have said the share price will be much much higher)? And you agree with the negative posters? Lol. But we are the liar's, LOL!! You should be thanking us, for adding some realism to the crazy ramping on this BB.


But you will keep ramping the stock anyway, because ummm you are paid to perhaps? So looking forward to Kier coming clean on the mess they are in.

[hamhamham1] 06/4/2021 09:25

Again with the cliche

[johnbuythedips] 06/4/2021 09:13

See you Wally. Sorry wrong person LOL
Have a dreadful week you excuse of a person.
Best of luck longs - hoping this one comes off for you.

[imastu pidgitaswell] 06/4/2021 09:07

ham - I posted. Look at what then happened. Never the numbers, nor the issues, always the man.

If he says it to me, I'll respond.

Anyway two weeks and counting. Later.

[hamhamham1] 06/4/2021 09:05

Imastu, and your constant references to 'playing the man' is no cliche?