Kier Share Discussion Threads

[minerve 2] 13/5/2019 17:51

Newbank



Confirmation of Appointment of Chief Executive and Strategic Review

Further to its announcement of 19 March 2019, Kier Group plc ("Kier" or "the Group") confirms that Andrew Davies has today joined as Chief Executive and that Philip Cox has resumed the role of Non-Executive Chairman.

Kier also announces that Andrew Davies will lead a strategic review of the Group which will consider ways of further simplifying Kier to create a more focused group, the allocation of capital resources across the Group and additional steps to improve cash generation and reduce leverage. This review will build on work that has been undertaken by the Board in recent months and is in addition to the previously announced Future Proofing Kier programme. The conclusions of the review will be announced in July.

[minerve 2] 13/5/2019 17:46

Yes ignore Peel Hunt and Numis and listen to brexitplus. He really has his finger on the pulse and also finds time to spend most days eating out or walking the dog. Even Buffett can't manage that. ;)

[newbank] 13/5/2019 17:45

Minerve 2,

I doubt anyone will invest on this bb based on what is posted. If they do they shouldn't be investing IMO.

I have no intention of playing the Shorter's game, on the Contrary, I hope they get their punishment by being caught out (wishful Thinking maybe). I see all shorters as opportunists for short term gain with the selfish philosophy of sod the Country or what's left.

Do we know when the review is due for completion?

BTW, Rooting for LFC two weeks next Sat :)

[brexitplus] 13/5/2019 17:44

Newbank

Ignore Peel Hunt, they are house brokers along with Numis who say nothing.

[minerve 2] 13/5/2019 17:24

This is nothing like Carillion. Of course, when you say things like that you are playing the game for the shorters to the audience of ignorants.

Fine by me. Gives me a chance to add lower.

[newbank] 13/5/2019 17:18

When is the review of business due to complete?

Uncertainty is the food for the speculators shorting IMO

My concern is that this Company is going the same way as Carillion, yet quite a few Brokers are still rating this stock as a buy, eg:

May 2019 Peel Hunt 07/05 Reiterates Buy
April 2019 Liberum Cap 08/04 Reiterates Buy
Peel Hunt 01/04 Reiterates Buy
March 2019 Peel Hunt 20/03 Reiterates Buy
Liberum Capital 20/03 Reiterates Buy
Peel Hunt 19/03 Reiterates Buy
Liberum Capital 11/03 Reiterates Buy
Peel Hunt 11/03 Reiterates Buy

[minerve 2] 13/5/2019 16:43

Stick to retirement or the day job. You have no idea of what investing means.

[minerve 2] 13/5/2019 16:42

I don't know you tell me? Has anything changed?

LOL

[brexitplus] 13/5/2019 16:12

Getting

AA is an interesting minny investment. Back in March of last year when the share price was over 100p he posted

“I am happy and content with my investment here. That isn't a lie. I truly am. I don't expect much for the next 12-18 months because it takes time for the strategy to have an affect - if any.

The previous board did not fully engage with the plan at IPO because they didn't have the courage to disappoint, and be fully transparent with, investors. There was also too much pressure on maintaining the dividend.

I don't judge my investments on share price behaviour but on the underlying business progress.”

Under 68p today and in the mire. WHAT CHANGED?

[gettingrichslow] 13/5/2019 14:54

I'm with my boss right now in a bar in Heathrow airport. She's getting the drinks in as we speak. It's hard work out here Minny, really hard!

[gettingrichslow] 13/5/2019 14:36

Now list all the dogs you've bought in the same time frame Minny, it's a long list! You can start right at the beginning of the alphabet with AA, then take it from there.

[minerve 2] 13/5/2019 14:10

Porsche

I own Barratt Developments which Woodford also owns and have done very well out of them since last year. I could name more where my capital gain is good and the dividend yields are 7%-10%.

Stop reading the Chimps' Daily and do your own research.

[minerve 2] 13/5/2019 14:04

ltcm1

"You were also telling a fella who works for them what a great investment Kier is, now you are saying you won't be buying any more for quite a while.

You clearly have changed your opinion, which is fine, but are being somewhat coy about it."

I don't think I ever said "great investment". Try a little harder with your memory and don't put words in my mouth.

Yes, I have bought a holding. The FD has resigned and I want to wait and see. What is the big deal?

Stop behaving like a prat and follow the company.

[porsche1945] 13/5/2019 13:26

Kinmwah, good point re Woodford, he must own what, a fifth of this cxxp....more press all the time that the whole Woodford mess may be heading for collapse, shorters have got a win both ways, company with declining business model and a possible forced seller having to dump shares. Does make one think perhaps best to get clear of anything one is in that he also owns a large stake in...maybe more going on here than meets the eye, outsourcers are finished anyway, have had their prfits legislated away from them by the shxxxy gov'.

[zicopele] 13/5/2019 13:25

He is not credible. He is leaving because he has no credibility.

Kier cheap and getting cheaper

[minerve 2] 13/5/2019 13:19

Yes it sure does. The cheapest stock on the FTSE 350. This is a question of working capital movements ATM. Second largest construction company in the UK. Is the FD to be believed when he stated working capital was moving in the right direction earlier this year?

[ltcm1] 13/5/2019 13:12

You were also telling a fella who works for them what a great investment Kier is, now you are saying you won't be buying any more for quite a while.

You clearly have changed your opinion, which is fine, but are being somewhat coy about it.

[ltcm1] 13/5/2019 13:10

"When you build a position in a stock like this you need to expect that it will need to be done over 18month period - minimum." MINERVE 2.

Minerve 2 Kier shares must look cheap today by comparison with the £11 you were paying a year ago.

[brexitplus] 13/5/2019 13:03

It’s interesting to look at the main criteria Terry Smith looks at when selecting shares for the leading Fundsmith Equity fund. Below are the average figures for the companies in the portfolio for 2018

ROCE. 29%
Gross margin. 65%
Operating margin. 28%
Cash conversion. 95%
Interest cover. 17x

It would be interesting to see what these figures were for Kier.

[gettingrichslow] 13/5/2019 12:46

Bit touchy there Porky? You're acting like your football team blew another title chance yesterday! 9 points clear in January wasn't it?

[minerve 2] 13/5/2019 12:26

Then don't. No one is suggesting you should. Go and buy something like BUR or PURP or FEVR.

[kinwah] 13/5/2019 12:13

The most worrying thing for me is Woodford seems to be the only buyer in town and the share price still heads South. He is stuck now. If he was to turn seller the share price would drop like a stone. There are plenty of other stocks to choose from so why buy KIE even if it does look cheap?

[brexitplus] 13/5/2019 12:06

Getting

Doesn’t the old saying go “trouble comes in threes”. Only two with Kier so far.

From simplywall.st

“Does Kier Group Have A Good ROCE?

ROCE is commonly used for comparing the performance of similar businesses. We can see Kier Group’s ROCE is meaningfully below the Construction industry average of 18%. This could be seen as a negative, as it suggests some competitors may be employing their capital more efficiently. Regardless of how Kier Group stacks up against its industry, its ROCE in absolute terms is quite low (especially compared to a bank account). It is likely that there are more attractive prospects out there.

Kier Group’s current ROCE of 3.2% is lower than 3 years ago, when the company reported a 7.1% ROCE. So investors might consider if it has had issues recently.”

Not good.