Kier Share Discussion Threads

[sparty1] 14/5/2021 09:15

From LSE board. Narada posted...
"Sold A Week Ago. Listened to WallywooThu 21:42
At the moment I feel like a complete idiot. I listened to Wally (possibly there was a clue in the name) and sold 75% of my holding at 86p. 40% rise since then having listened to the convictions of Wally . I understand DYOR stuff, which I do, but the guy appeared to have much more indepth knowledge in this area than me and conviction. To a lay man there was some sense in what he was saying. He's cost me a fortune. In saying that , of course, if the shares do crash over the next few months for whatever reason then I'll feel differently and will thank him. For now as I say I feel like a complete idiot but not a Wally. Up until the last couple of days , he seemed to be on here hourly; now he has almost disappeared in comparison. I wonder why?"

Not only was wally a very naughty boy and not the messiah, he has done some damage it seems.
Not much sympathy with people who listen to people like wally and the pidge. They concentrate on the figures which is fair enough but have no imagination or foresight.
No shame either it seems.They just have to be right even when they are wrong.

[dasty1] 14/5/2021 09:14

The 'old' shares, are effectively trading at about 145p now, if you take account of the entitlement. That's a 50% increase this week! 300%+ increase from a few months ago. But more to go, I believe...

[gerhart] 14/5/2021 09:05

Ditto, re video, Gixxer.

[stdyeddy] 14/5/2021 09:03

Thanks gixxer for the video. Linked posted last night too. 2 minutes in, Davies mentions that the equity-raise has been oversubscribed.

pric9, I agree. I think it's going to be another big day. A load of sells today got snapped up instantly -- an entire days volume done in the first 20 minutes.

One of my brokers just called (I use several platforms and they've each treated the Kier shares differently). I told him that I want to buy my full entitlement plus the full excess entitlement if there is any. I reckon there won't be any, but have put the request in, just in case I get lucky.

[pric9447] 14/5/2021 09:02

This will go blue today

[stdyeddy] 14/5/2021 08:59

He says he lost no money John, so therefore he was lying the whole time. Lying for two years about everything. Just relentlessly trolling the Kier board and telling everyone to sell, whatever the weather. A truly despicable character and one of the nastier aspects of advfn.

[johnbuythedips] 14/5/2021 08:50

LOL Wally. You are a laughing stock.
I would move maisonette if you haven't already been turfed out before the letters from the Kier legal team arrive and the gorillas from IG collections come knocking.
Good riddance.

[gixxer1] 14/5/2021 08:49

Freely available on You Tube - Andrew Davies update to the Troops

[easy45] 14/5/2021 08:48

Thank F##K, see you wally you bitter old Kier employee

[stdyeddy] 14/5/2021 08:43

How come you lost no money on your massive shorts wolly?

[wallywoo] 14/5/2021 08:41

Lol, this is a mad market. The manipulated fiasco yesterday is a embarrassment to the financial world. You can easily see what the brokers £12m fees got spent on.I lost no money, despite all your excited cheers that I did. I will leave you to all your excitement that a investment that has had two >£240m equity issues over 2.5 years and not generated £1 of cash (and lost over £200m a year) will make you rich.I might pop in every now and then for a laugh. This is a embarrassment to the sector. I will never buy a CONstruction share.

[johnbuythedips] 14/5/2021 08:39

There is only one way this is going!

[b1nky] 14/5/2021 08:00

Theoretical price this morning (on last nights close) is 105.37

[stdyeddy] 14/5/2021 07:54

Thanks ANT ANT. They are persistent indeed.

[ant_eater] 14/5/2021 07:51

WELL DONE JOHNNY ANT AND EDDY ANT.....THE TROLLS WELL AND TRULEY DONT KNOW WHEN TO GIVE UP!!

[stdyeddy] 14/5/2021 07:41

Incredibly, wally is still posting as Steve72 over on Lse, urging people to sell! He is evidently the most spiteful troll, attempting to con investors out of profit, for absolutely no benefit to himself as far as I can see. John is right; wally would not have been able to stay in his 'short position' -- so obviously fictional now -- but I imagine he will be posting here under some of the new names that have just joined advfn.

Back in the real world, Kier now has practically zero net debt, projected profits of between £140m and £157m and a forward p/e of approximately 3.5. Morgan Sindall, a comparable peer, has a p/e of 22 and the construction sector average is around 18. Kier is much too cheap, especially when you consider that it is the clear sector leader in the market, regularly leading ALL of its peers in construction contracts won over a rolling twelve months.

Recent positive events (sale of KL, and yesterday's OVERSUBSCRIBED equity raise) have so far had a relatively muted effect on the share price despite transforming the risk outlook for Kier. Today, as the dust settles and trading platforms adjust to the new pricing and open-offer options, investors will be able to consider Kier's newly capitalised status. My guess is that the market will recognise a bargain. We have seen big moves in Kier's share price before, tripling in mid-2019 over a four-day period. Today is potentially a unique opportunity to grab a piece of the market-leader at around one-fifth (my estimate) of its true value.

Possibly we will see some quick profit-taking, but I anticipate sells will be snapped up quickly.

[gerhart] 14/5/2021 07:30

Well I have never held shares in a Co that had a fundraise like this. Though I understand the logic of what has happened in some ways.

The big fund managers could start to be reassured now that this is a safe, boring place, for long term investment now.

But most - even successful - fund raises leave existing shareholders the poorer for a lengthy period. If they even survive long term. So any inexperienced shouldn't expect a future fund raise in another stock to go the same way!

Let's see what today and brings....can it follow astonishing yesterday?

[johnbuythedips] 14/5/2021 07:15

If Wally had the ammo to hold his shorts from 50p up to yesterday's close of 123p then Wally is a very rich man. He is not. It is absolutely impossible that he is still in. He is 100% out and a lot poorer for it.
Yesterday was a learning curve for me. This was the first time I have ever owned stock over under these circumstances. It was interesting to see it unfold. I have some to buy back today and have my bids in.

[typo56] 14/5/2021 07:13

Shorts held last night will also likely be taken up against for open offer shares shorted at 85p.

[bathboy2] 14/5/2021 07:02

If Wally genuinely holds at short at average of 88p, i do think he will clear soon, can't see the share holding this level, will be near the placement price, come the 16th June

[1953bloke] 14/5/2021 06:07

Who are "qualifying shareholders"?

The placing document says qualifying shareholders can get 7 for 8 at 85p. I.e 875 for every 1000 held. How does one apply?

Update:

I applied through my broker.

[jubberjim] 14/5/2021 04:33

Very pleased with the way this has gone
Had these for sometime from around 115 and wasmfed up to the back teeth with their failure to launch
Hopefully the worst us behind us and it is onwards and upwards especially with the work coming in via HS2
I am starting to sleep a bit easier who said long shots never come in
Good luck everyone

[stdyeddy] 13/5/2021 23:14

Thanks for that video pric9. Nice to see Davies getting ahead of the news media to keep staff reassured. Excellent message. One crucial thing for us -- he mentions (at the 2min point in the vid) that the equity raise has been OVERSUBSCRIBED. An excellent result and a dramatic contrast to the 2018 rights issue (as he points out). I'll be very surprised if this opens ex-entitlement at 106p. If it does, I'll try to grab some.

Davies also looks tired! A tough few months by the look of things. He deserves a couple of weeks off.

The share price start line has been drawn; 102.5
Could be another action-packed day, upwards.

[pric9447] 13/5/2021 22:44

AD to staff

[petersw1] 13/5/2021 20:51

I'm also wondering about the 'excess entitlement'.
Seems worth applying, the more shares you can get at that price the better in my opinion.
I was slightly surprised they cap the excess you can apply for. Other open offers I have read the details on didn't do that. I suppose they either expect the demand to be high and are saving us from needlessly holding aside funds or the conditional placee wants a chance to have some.

Will also be happy if I don't get much as it implies strong demand and impeding rapid rerating.