Kier Share Discussion Threads

[latics2] 17/4/2019 22:23

Suspected same .

[latics2] 17/4/2019 22:08

Amaretto...What makes you ask?

[amaretto1] 17/4/2019 19:39

Have they defaulted on wages today ??

[zicopele] 17/4/2019 09:54

The Galliford construction arm is valued at less than zero.

What does that suggest about Kier?

[brexitplus] 16/4/2019 14:50

“Galliford Try fell to the other end of the 'mid-cap' index, slumping 18% to a seven-year low of 595p. The house builder said it would be undertaking a strategic review of construction business which would reduce its size, resulting in a fall in profits.

‘Galliford appears to be acknowledging the need for a more disciplined approach with its plan to scale back its construction arm – which faces spiralling costs on some projects particularly the Queensferry Crossing joint venture,’ said Russ Mould, investment director at AJ Bell.

‘Shareholders are entitled to be somewhat disturbed by the fact that as recently as February it was happily expressing its confidence in full year guidance,’ he added. ‘At least Galliford is taking its medicine now with the aim of enjoying a healthier future, underpinned by its higher return regeneration and housebuilding businesses.’”

[brexitplus] 16/4/2019 10:53

Danny

I’m not sure fewer companies pitching would push up margins. If anything, the clients might squeeze even more. The important thing, in my view, is that Kier, Galliford Try and others in the sector intend to be more selective in the contracts they go for, even when the margins are slim. And slimming down, particularly in the management side, will certainly happen.

[minerve 2] 16/4/2019 10:13

The ignorant wouldn't know the difference, and trust me, you don't get more ignorant than brexitplus.

[minerve 2] 16/4/2019 10:12

Comparing Galliford Try with Kier is like comparing Debenhams with John Lewis.

[minerve 2] 16/4/2019 09:36

Danny

The reality is that most of the immigration will continue. It is needed. If it is needed it is needed.

Parts of the construction industry have very close relationships with the Tory party. This is the issue the Brexit chimps don't seem to understand. I hardly think old farts like Brexitplus are going to step in, or go back to an industry they have already retired from, having had an easy life over the last two decades through low interest rates and asset inflation.

Sorry to bring Brexit into the equation but this circus truly is a circus built on lies and stupid assumptions by ignorant morons like Brexitplus.

[danny baker] 16/4/2019 09:04

Yes Brexitplus it's a familiar story across the construction sector. The net effect will be to reduce capacity in the industry with fewer companies tendering for work on each project. This should push up margins in the medium term. My concern then in a post-Brexit world would be finding the UK based labour to replace the thousands of Romanians now working(and doing a good job)on UK construction sites.

[brexitplus] 16/4/2019 08:32

Sounds familiar

“Galliford Try plc, the housebuilding, regeneration and construction group, announces that it is undertaking a strategic review of its Construction business.

The review will reduce the size of the Construction business, focusing on its key strengths in markets and sectors with sustainable prospects for profitability and growth, where we have a track record of success.”

[minerve 2] 15/4/2019 23:03

No one does it better....

[minerve 2] 15/4/2019 23:03

Out in 'the street'
You don't survive by being weak
This is our time
Walls were made for us to climb

Don't you try to lock us out
Cause were breaking down the doors
And ohhhh...we just came to fight
Yeah yeah

There's no stopping us
No one does it better
There's no stopping us
Shorting doesn't matter

[blueball] 15/4/2019 18:34

stay long.

[danny baker] 15/4/2019 14:28

Zico, I think that is too cynical. There is no reason why the incoming chief exec cannot do the review himself. Kier has its fingers in a lot of pies and probably in the past capital has been allocated to whoever shouts the loudest. Capital has suddenly become a lot more expensive with banks walking away from the sector and Kier's share price under £4. All it needs now is to look at each activity on the basis of capital employed, profitability and risk. Divisions which can get their customers to make advance payments, have little risk of overrun and make a decent return will be favoured over those where there is a big risk of not being paid. Some overseas activities might score highly but could be saleable and take up management time. Kier's regional structure will probably be in for some serious surgery as well. There also needs to be closer working with both customers and subcontractors. Undoubtedly there are some very good businesses within Kier. The chief exec now has to make sure they have the capital to grow and the deadwood is trimmed away.

[zicopele] 15/4/2019 14:04

A strategic review. Ah yes...that old chestnut when you don't know what to do and want an external consultant to guide you.

Things must be very bad in Kier.

[minerve 2] 15/4/2019 11:13

It's the only shorts you need! LOL

[marksp2011] 15/4/2019 10:54

Ahhhhh

PLUS500, sits with XLM as my only two shorts in the last 6 years

[minerve 2] 15/4/2019 09:38

In the past many groups like this have been in 'expansionary mode'. Now it is one of shareholder value extraction. This is a good recovery/income stock. A bit similar to Crest Nicholson in its nuanced changed of emphasis.

Ignore the idiots.

Brexit has just lost his family fortune in PLUS 500. I did warned him months and months ago. Bitter, sad, twisted little man he is.

Minerve knows best.