Kier Share Discussion Threads

[typo56] 21/5/2021 15:40

That's why you short, to hedge in gains (about 25p now, 35p last Friday).

[petersw1] 21/5/2021 14:59

kibes, I'd suggest they are holding as they think the price will go up. Also the transaction isn't complete yet and none of the raise is admitted yet.
There is ongoing pressure on the price from people with open offer rights who can't afford/don't want to increase their holding. I'd expect such people to have been selling from when the raise was announced onwards. Seems others are soaking up that supply. There may well be pressure from people wanting take profits after the new shares are admitted or from people shorting now to lock in profit.

Looking at recent raises using the same "Firm Placing, Placing and Open Offer" format I see SHB and DLAR.
SHB very briefly fell to 407 a few days after the ex-entitlement date but has since stayed well above the offer price of 400.
DLAR hit a low of 119 after admission but otherwise stayed clear of the offer price of 100.

I'm not claiming they are representative of KIE, just that the common wisdom that the price will fall to the offer price doesn't always hold.

[my retirement fund] 21/5/2021 14:45

They are still well up so worth selling them today, putting the money to your allocation and selling that too (unless the shareprice crashes to 85p that is).

[wallywoo] 21/5/2021 14:38

So if you owned them on the 14th, you can sell them today and apply for the new ones!!!So not too late!!!?

[sparty1] 21/5/2021 14:14

M R F ?

Forks , Lived in Cov for 10 years.. Good luck.

[typo56] 21/5/2021 14:05

Bit late. They went ex-entitlement on 14th. That was the day to sell...and short your entitlement.

[my retirement fund] 21/5/2021 13:27

Having read the information I have concluded the best thing to do is sell your entire holding now and subscribe to the maximum entitlement and maximum excess shares at 85p on offer.

[ontheforks] 21/5/2021 13:14

Hi sparty and thanks I'm Midlands so quite a lot of houses being built hs2 will be within short commute for a lot of people were currently finishing phase 3 and looking to start phase five think couple of hundred houses of top of my head just been going through new compound design phase four is a few retail units with maisonette type apartments above on hold I think at the min for obvious reasons so looking like three years work for now should give new bosses time to establish themselves here plus still more phases to the remaining land all with planning permission good luck to yaself and yours 👍🏻

[kibes] 21/5/2021 13:13

With the price currently at 110p I have no idea why the placees are holding onto their shares bought at 85p. And then another shed load of 85p shares flooding the market after 18th June. I am watching with interest and might buy if any become available at round about 85p which seems likely.

[sparty1] 21/5/2021 10:34

Forks , Good luck with the new company..I would imagine housebuilding will flatten out later this year depending where you are based.Extremely busy right now in the south west.Building on every tiny plot ,and just up the road an ECO house project in conjunction with Eden Project putting up 1200 homes. Financed by an Egyptian!

[wallywoo] 21/5/2021 10:32

The best short term advice I have seen on here for holders is to hold shares until they go ex entitlement. Sell them at 110 today, take up as many new shares at 85p as you can. Then sell them when they start trading.For the medium and long term this is very high risk. Better off taking money to something defensive and low risk like BP or GSK.

[ontheforks] 21/5/2021 10:03

Db60
I was in a similar position to you but I work for kier living so I'm in the buy two get one free club I was limited to £136 a month so as the price crashed I was able to buy more shares worrying times but it has worked out for me over 6 years my average is down to around £1.40 now will be less if I take the opportunity to buy 6682 shares @85p depending on how many shares you can buy will determine if its worth it for you make your own mind up on that 👍🏻

[wallywoo] 21/5/2021 09:14

"Vindication of the last week"


Stdy you make out Kier has been a huge success story. That's far from the truth.


I understand now why Davies got the job. It was not his ability to stop cash out flow. That has carried on. It was his ability to get another begging bowl equity issue away. In the last 3 years Kier has;

1) issued 65m shares at between 370p and 409p to raise approximately £250m in December 2018.

2) spent all that money and took period end net debt from £185m in (June 18) to £354m today (not incl £50m HRMC loan)

3) and today the great success is that they have managed to issue another 284m shares to raise £241m to get them out of administration

4) only 1 dividend was paid in March 19 at 4.9p

5) net assets (ignoring intangibles) has gone down from -£116m in December 18 to -£516m today. So they have sold more assets to sustain their cash spend.

This is not a investment, it is a charity where shareholders are the givers and Kier employees are the takers.

I have no idea what will come next, but I think it is very unlikely Kier will change and start generating cash and paying investors a return. The number of shares has increased from 97m in 2018 to 446m in June (plus a few million free share options for directors for good measure) when the new shares start trading. That's not a investment.

[alan188] 21/5/2021 09:03

@stdyeddy

Isn't this forum supposed to be discussing about the shares? If you don't talk about it, how will we all learn? Yes, I agree that for a very important decision they need to seek financial advice but in general common rational sense should be the driver for someone rather than taking instructions from someone else. There are some poor financial advisers out there.

[stdyeddy] 20/5/2021 23:16

Yawn.... says the two-week-old advfn 'expert'. Looks like you've put your reply on the wrong thread -- perhaps you should work out how advfn works. Btw, we've been looking at this company in detail for two years newbie, some even longer.

Spartz: I wasn't feeling sympathy for masturpig -- just acknowledging that his contribution today was prompted by me and that it was in keeping with our possible 'detente'. Maybe the vindication of the last week has made me go a bit soft -- dunno.

[bathboy2] 20/5/2021 19:08

Classic from stdy, tells you not to get advice from this board, but its what he does every day, and, if you listen to him, you'll be back to 2017 levels soon

[stdyeddy] 20/5/2021 17:22

db60. This is NOT the place to ask for financial advice db60. You should talk to someone familiar with sharetrading and investment. You are at risk of getting bad advice from anonymous idiots online. Good luck.

[db60] 20/5/2021 17:04

Hi all, I am carrying a huge loss in Kier having purchased 2017 at around £11.50. At the time of purchase Kier had an order book of about £10Bn so I cannot fathom the dramatic collapse of this firm.
I am of a mind NOT to throw good money after bad.
Does it make any sense for me to take up my option in this recent Rights Issue?

[sparty1] 20/5/2021 16:45

For anyone feeling sympathetic for pidge perfect. I do not like liars..
I`m not referring to the endless reams of posts just the motive for posting them.
More see through than David Cameron's explanations to House of commons enquiry.

[sparty1] 20/5/2021 16:34

Brief and to the point. Did your wife write it? Er no , probably live alone..

If you had a dog it would be called monotonous tome... Good to see the mask slip.
How`s the COST shareprice?

[sparty1] 20/5/2021 16:13

"I see no reason why whatever happened with Costain's rights issue should repeat here"

But you thought you would anyway with customary short story length. If it`s ok with you? we can discuss the price of fish on here...Which smell slightly less that Cost`s performance.

Wally your sense of inaccuracy is frightening. I`d check your bank account. You may have less than you thought. IF you were shorting kier that is certainly true.