Kier Share Discussion Threads

[wallywoo] 28/5/2021 08:38

How can I be wrong when I am quoting accounting facts?? Stdy??It is you who is trying to pretend facts are fiction.

[rayfenn] 28/5/2021 08:37

Thats not very nice

[pl dil] 28/5/2021 08:36

Ray , you sound like zicopete and there is no way you passed exams in anything.

[stdyeddy] 28/5/2021 08:24

No wolly, YOU are the idiot. How come none of the things which YOU claim about Kier ever come true wolly? You said that KL would never be sold; that there would be a rights issue at something like 10 to 1 and shareholders would be 'wiped out'; and that Kier would be 'owned by the banks' like Interserve. Why are you ALWAYS wrong on Kier?

Instead the equity-raise has been OVERSUBSCRIBED and was over in NINE HOURS, compared to the three weeks which it took the last management team two and a half years ago. There is massive interest in Kier because the shares have been depressed to a very low level by two years of write downs. Now the business is re-emerging, leaner and profit-focused. Current forward p/e is just 3 with the new shares, and the business has almost no net debt -- with the profit and cash generation likely to come from the second-half the business will almost certainly have net cash and the elimination of avg monthly debt altogether will be no more than 12 months' profits away. The share price is absurdly cheap on this basis. The shares are likely to triple in price this year to reach a fwd p/e of 10 (and that is still very low compared to Morgan Sindall's p/e of 22), especially when the year-end is reported.

Btw, some of the H1 highlights were:
-- Operating profit - margin improvement to 2.9% and improved quality of earnings:
o Operating profit before adjusting items of GBP48m (HY20: GBP47m)
o Return to reported operating profit of GBP29m (HY20: loss GBP(24)m)
-- Free cash flow: GBP19m (HY20: GBP(30)m) - improved performance as profits translating to cash

AND WHERE IS THE APOLOGY YOU PROMISED? Why can you not live up to the most basic standards of decency and fulfil a very easy and simple commitment?

And why did you lie to everyone here for six months, claiming to be short and claiming to increase your short, when this was completely untrue (like everything else you write)???!!!!

[wallywoo] 28/5/2021 08:20

First half showed a profit and £44m cash lost. No generation. If net debt goes from £310m to £354m they lost cash not generated any.Idiot!!!

[stdyeddy] 28/5/2021 08:16

You are such a pompous idiot -- you 'don't believe...' We all know what your beliefs are worth; you've been completely wrong for seven months on EVERYTHING you've said.

First half turned a profit and generated cash; second half will do even better. Investors' support has nothing to do with QE. It's because the new management has restructured the business and is producing a higher margin.

You still have not apologised for being massively wrong. Why can you not honour the most simple thing? You said, "I will heartedly apologize if it rallies above 100 (in addition to being poorer)!!"

Where is this apology?
And why did you lie to everyone here for six months, claiming to be short and claiming to increase your short, when this was completely untrue (like everything else you write)???!!!!

[fern00] 28/5/2021 06:48

Anyone have any idea when the non-tradable 85p issue shares will become tradable? I've reread the Kier press release but can't locate. Cheers.

[wallywoo] 28/5/2021 06:03

Lol Stdy, the only thing I have been wrong about here is investors appetite to support another equity issue.


It is the result of all QE / money printing that has amazingly given Kier yet another life line. With more shareholders money Kier have another few years to try and generate some cash.


However, that will add massive extra pressure to the share price once the new shares start trading. I simply don't believe Kier can generate any cash in H2. They won't get any benefit from the equity issue or KL sale until June. With 5+ years of cash losing, there's no chance it stopped.


Quite how much cash they will lose will surprise again IMO. What happens after that will be a share price under pressure until they can prove successful cash generation. At least 12 months.

[rayfenn] 27/5/2021 14:32

Has this gone bust yet ?

[sparty1] 27/5/2021 12:49

Zero filtered ages ago. Ask him why kiers share price is twice Cost`s..? Seems you need more than to be fully funded ,debt free,to see a rise in shareprice.
But then we knew that stdy..

Wally still on about "paid rampers"!! Well my cheque must be late this month.. Ludicrous. Paranoia

[stdyeddy] 27/5/2021 12:11

You've lost the argument wolly. The final planks for the recovery have now been put into place. All of the factors which you said meant the end for Kier have fallen away; debt has been conquered -- £330m in cash going onto the balance sheet. Turnover has been maintained -- only 20% down during the worst economic recession in history and still turning a profit for the first half of this year. Kier continues to win big contracts. 150 new projects started in 12 months according to Kier's 'Delivery Throughout Covid-19' video (1min, 11 secs in):

Costs have been cut. Underlying profitability is increasing and is projected to be 3.5% for next year. The directors have increased their own PERSONAL shareholdings in Kier; Lester, Davies and Kesterton are EACH increasing their holdings by £75k and others are taking a smaller stake. The shareprice is doing the talking -- you predicted the share price would crash on the launch of the cash-raise; instead it did the opposite and went up. The market is getting reacquainted with Kier. You, meanwhile, are as deluded and malicious as ever.

Btw, where is this 'apology' that you were going to give everyone if the shareprice went past £1? Are you reneging on that too? You seem to be avoiding the question. That won't make it go away.

[pl dil] 27/5/2021 10:22

It all in the charts Wally , momentum building but hey let’s listen to Billy no mates who has been calling it wrong for months apparently.

You actually in anything worth looking at or is your sole mission to call this wrong all the way up to 300p plus ?

Just wondering.

[wallywoo] 27/5/2021 08:59

Cynics being attacked hard by Kier's paid rampers.


Ask yourself why? If Kier was such a great investment, it wouldn't have to issue 284m new shares this time and 65m 2.5 years ago to survive. That's 459 percent more shares than 2.5 years ago, over which time turnover is down over 20 percent (so not the booming business rampers make it out to be).


It's a money pit for shareholders with everything to prove. Be very careful here.

[pl dil] 27/5/2021 07:34

Not in any in crowd out crowd or shake it all about crowd zicopete.

Just say it as I see it.

Were you one of the Chuckle Brothers ?

[stdyeddy] 26/5/2021 18:01

Obviously this other one is slightly bigger news but it has been posted a couple of times already on here:



Kier Highways To Deliver £190m Area 3 M&R Contract

[stdyeddy] 26/5/2021 17:57

knowing posted a link earlier but I didn't notice at first that it's quite a useful contract (£75m at £15 a year for five years) all in west London.

With the new regime's focus on profitability, I imagine this has been priced properly and will make a very useful contribution to the business, especially as it is mirrored by two fire safety contracts with Hounslow and Welwyn-Hatfield councils.



London’s Hammersmith & Fulham Council has selected Kier Places to deliver a programme of upgrade works across its 17,000 housing stock.

[stdyeddy] 26/5/2021 17:32

Ahh sicko... how lovely to see your catty comments again. Bad day at work? Where've you been during all the latest excitement? Three years of doom-mongering with only the briefest of pauses; will you ever give up? Kier is on the way back up now, recapitalised and still the UK's largest regional construction business. Your dire predictions over the last year have all turned out to be completely wrong. You have not adapted to the changing circumstances. Inviting people to suck on your lollipop will not endear you to posters here, but it might go down well with wally-chops -- behind closed doors, hopefully.

[ontheforks] 26/5/2021 17:15

What's happening with the price... Wally have you opened up another short ❓❓

[tnt99] 26/5/2021 16:42

Yes sorry behind the times

[pl dil] 26/5/2021 15:11

Wally’s statements regarding net debt and cash prove he hasn’t even got an O Level in Principle of Accounts (I have).

Not sure what today’s equivalent would be.

He does make me laugh though so I hope he hangs around.

[stdyeddy] 26/5/2021 14:31

Interesting price action today. I'm wondering if the weak holders have been cleared out. Volume not huge; not many sellers? Let's see how determined the buyers are.

[johnbuythedips] 26/5/2021 11:43

and made money with every position I have had in this stock. (although at 42p was concerned, before you started selling - you gave me even more confidence to hold when you announced it).
Sitting on a nice profit here too.

NOW EXPLAIN HOW YOU SOLD FROM 50P ALL THE WAY UP TO 120P AND LOST NO MONEY YOU ATTENTION SEEKING RAT

Note - I am still convinced this will trade £2.00+ but they will need to go in the drawer for that. You, you are just a daily contradiction. I am looking forward to that letter from the Kier legal team being delivered to your shabby rented accommodation in Luton.