Kier Share Discussion Threads

[bathboy2] 28/5/2021 20:07

Explain why it it is on construction news, are they misinformed, or you, obviously been reported today somewhere

[stdyeddy] 28/5/2021 19:30

Another misinformed post bathboy. The group schemes have a deficit of a little over £1m in aggregate. The Kier pension scheme has a surplus, not a deficit, of £61.3m. That's why the trustees don't need more.

From the H1 results:
Kier operates a number of defined benefit pension schemes. At 31 December 2020, the reported deficit, which is the difference between the aggregate value of the schemes' assets and the present value of their future liabilities, was £1.4m (HY19: £2.9m surplus, FY20: £38.8m surplus), before accounting for deferred tax, with the movement in the period caused predominately by changes in financial assumptions.

[bathboy2] 28/5/2021 17:38

See kiers pension deficit is 62m, and using 10m of keir living money to pay some down, would of thought the trustees would have want more, and quite rightly, no pension should be in deficit of a PLC, while directors are getting large salaries and shareholders are getting dividends

[stdyeddy] 28/5/2021 16:29

Thanks for pointing this out Easy.

The RNS is on the advfn Kier landing page now and elsewhere.

Completion of the sale of Kier Living

Further to the Company's announcement on 16 April 2021, Kier is pleased to announce the completion of the sale of Kier Living. As a result, the related condition to the Capital Raise announced on 13 May 2021 has been satisfied.

[easy45] 28/5/2021 16:24

Sale of Kier Living complete announcement on the company's web-site this is the only condition of Equity rise.

[sparty1] 28/5/2021 15:33

Wally , points 1 to infinity ...and look at the increase in shareprice since the fund raising was rns'd.

Clearly you are the only one (along with Zero IQ) who is still thinking negatively.
Although zeropoint is filtered, he may have changed his tune.
You need to learn to march to the beat of your own drum wally..forget stuff you read on the internet and see beyond basic accounts..

[sparty1] 28/5/2021 15:26

hxxps://www.msn.com/en-gb/money/other/shock-double-dip-recession-rocks-macron/ar-AAKtB8d?ocid=msedgntp

AH ..bless.. désolé... Wait until Le Pen gets in.. lol.

[stdyeddy] 28/5/2021 15:24

As usual you will be wrong on all of your 'points'.
When the new shares are tradeable, it will become obvious how small a proportion of the shares are owned by private investors -- currently about a quarter of all shares and soon even less than that. Selling will not be huge and whatever there is will be snapped up by major holders. That is why the 'accelerated book-build' was over in nine hours instead of three weeks. Large investors recognise the Kier shareprice as massively underpriced -- they will hold long-term and certainly until the share price has multi-bagged, before selling.

Kier is not 'losing cash'. The business has SPENT cash on restructuring and written-down assets. That is now over; Davies has made that clear. Incidentally, Kier has a TAX ASSET of £124.1m recognised at 31 December 2020 from various writedowns.

Kier DID NOT CLOSE DURING LOCKDOWN. That is why the business has turned a profit and generated cash for H1.

Materials inflation will be a temporary situation; we have yet to see whether the large construction firms will be affected and how much they will pass onto their clients. As usual with your 'scare stories' the impact is always negligible or the actual opposite of what you, as a troll, hope for.

Kier will not be on a 'spending spree'. Davies has made clear what the money is for in the equity-raise prospectus. He has been a reliable and cautious ceo; very different from Mursell.

Turnover WILL rise but Kier has the working capital now, plus there will be a reduction in working capital needs due to the sale of Kier Living, AS WELL as the cash coming in from its sale.

The balance sheet will be very strong with the cash-injection of £330m -- Kier will have almost NO NET DEBT. How many businesses can say that post-covid? Very few. It is very likely imv that kier will actually be net cash positive at year-end (June 30th -- in five weeks) due to the profit and cash generated in the second-half. I look fwd to seeing the full-year trading update in just a few weeks from now, probably mid-July. Six months from now we will have another £70m in profit, by Davies's low-end estimation, and if the cash conversion is as strong as planned (and expected) we may even be net monthly average cash at that point.

[stdyeddy] 28/5/2021 15:15

The only person trying to 'do a job' here wolly is you. You've admitted that you aren't short and of course you aren't long, but you've been here for two years along with sicko, also in the same situation (uninvested) trying your best to denigrate Kier with your ongoing vendetta. You might say it's a 'personal attack' but other posters here need to know that you are not a genuine investor here and that you have another agenda.

sicko, I've lost count of the number of things that you've said would never happen but have happened anyway. £2 will come soon. Many people are looking beyond this to £3+

Of course, wolly has yet to apologise as he promised he would, for being wrong about £1. I wonder what kind of silly-wolly promises he might make about £2.

[zicopele] 28/5/2021 15:04

Stick with this Wally. Steddy hit a low when he mocked mental health and suicide. That was a low moment on this thread.

As for Kier, the share will fall in short term after june

A new high of £2 would suggest a market cap of circa £1in. This is not going to happen.

[wallywoo] 28/5/2021 14:51

Stdy, I know you have a job to do, but, there's really no need for the personal attacks. I can post on any BB I wish. My reasons why this is extremely high risk;

1) 175 percent more shares (284m) hitting the market very soon. Demand and supply states that fact alone will put pressure on the share price

2) Kier have lost cash trading every period for 5 years. It's a certainty H2 figures will also lose cash.

3) lockdown for most of H2 will make the figures worse when they come in September.

4) Kier have everything to prove if they can generate cash for the year after. Currently no evidence they can.

5) inflation and building materials availablity is beginning to hit hard.

6) Kier could well go on a spending spree. Cash was spent quickly last time they had a RI.

7) turnover has dropped 10 percent each year for the last 2 years. If it rises next year that will hit cash, Costain had £40m net cash but needed a equity issue of £100m to have the cash to handle extra business. That will hit Kier hard.

8) at a estimated tangible net assets of (£-300m) after the equity issue is still too low and technically insolvent. Balance sheet is still too weak and they Need yet more cash!!

[stdyeddy] 28/5/2021 13:19

The saddest thing of all 'wolly' is that, from the date of your profile, you appear to be a person of at least 50 years of age and possibly much older, and yet you think that your behaviour on here is an appropriate way to spend your time. I presume you are lonely, bitter and without common decency. I hate to think about what else you might be getting up to; I suspect that none of it is good.

[stdyeddy] 28/5/2021 13:16

wolly, anyone reading your comments should also take into account all of the false claims and scare-mongering which you've written on here since November, during which time, not just one but EVERY negative claim that you've made has been proven false.

ALSO, there is the small matter of your TOTAL lack of integrity; when are you going to make the apology you promised to all of the investors whom you have misled about the Kier shareprice staying under 100p??

AND I would like to remind everyone that quite apart from the lies that you've told on here for two years, you lied to us for six months with an increasingly elaborate falsehood about a 'short' which you claimed you were progressively increasing, with prices and average numbers, as evidence of your conviction about the Kier shareprice. Now you have admitted that that was all a lie.

You clearly have a dishonest agenda here.

[wallywoo] 28/5/2021 12:50

Lol Sparty, that makes perfect sense the short term is easy to forecast, the medium and long term much harder.There are a million variables, inflation economy, viruses, company efficiency, are Kier's costs under control that need to be answered. You might be right but equally Kier could easily repeat the events of 2019, when they carried on losing cash until it was all spent and more. This remains a very high risk investment with short term share price falls highly likely.

[sparty1] 28/5/2021 12:19

says the VOG investor and liar and poster of false Broker notes... lol.

[sparty1] 28/5/2021 11:35

Well I hope wally is right short term ...and I know stdy is right long term.

More money to be made here..but not jumping back in yet.

[nomdeplume] 28/5/2021 10:29

I must be going mad! I find myself agreeing with points made by both Eddy AND Wally. Short term Wally may well be right. Long term, I am with Eddy.

[stdyeddy] 28/5/2021 09:17

You will be proven wrong AGAIN, as usual. No point in trying to hold back the tide wolly. Go and do something positive and productive for a change. Change your smelly bedding and have a bath perhaps. Throw out all those ready-meal packages and chicken bones under your bed. Buy a vacuum cleaner and clean your room. Put some clean clothes on. Try and make yourself look presentable; maybe you won't be so lonely.

And btw wolly, 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 09:14

This is just a unsustainable SP, that is artificially high, to ensure the equity issue is successful. Once completed 284m more shares (175 percent more shares) will be on the market.Demand and supply dictates that the share price will be under considerable pressure then. H2 figures are bound to disappoint too. So short term isn't looking good.

[stdyeddy] 28/5/2021 09:11

And btw wolly, 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)???!!!!

[stdyeddy] 28/5/2021 09:05

No wolly, you've been saying that shareholders would be wiped out. Instead the shares have gone up in value and are currently up around 50% from the price before the equity raise was launched recently -- the share price has been rebased by approximately 20p when the shares went 'ex-entitlement' on the 14th of this month. And on a forward p/e basis (just 3.5 years' low-end forecast earnings of £140m) they are STILL very cheap.

The first half results show the results of Davies's two-years of restructuring and writedowns. The business has turned the corner and it has taken Davies and his team two years to reposition the business after the disastrous Haydn Mursell years. The shareprice fell from a high of 1200p just three years ago. Now that the business is properly recapitalised, the share price will go up fast. We are in a period of frequent newsflow from Kier. The next news will follow the shareholders' meeting on the 18th of June; full approval for the cash-raise and KL sale, then the completion of both of those actions; then the full-year trading update, probably in mid-July, and then the publication of the accounts in September.

This will be a big year for Kier shares. The longs here have been patient. The trolls like you have been proven completely wrong. You've wasted your time here for two years and you continue to make a fool of yourself here everyday.

[stutes] 28/5/2021 08:50

hxxps://www.constructionenquirer.com/2021/05/28/willmott-dixon-boss-sounds-alarm-over-materials-shortages/

Will UK adopt rationing of materials to control prices/inflation?

[wallywoo] 28/5/2021 08:49

I have not been proven wrong. For 2 years I said Kier are losing cash and will either go bust or need another equity issue.


For 2 years you have said Kier have plenty of cash and will recover.


They are now in the exact same position they were 2.5 years ago. They have more money but can they stop spending it and start generating cash on their own. Of course they also have 459 percent more shares than they did 2.5 years ago and less assets. It will be interesting to see the new balance sheet, I still think they will have -£300m net tangible assets even after the equity issue!!!

[stdyeddy] 28/5/2021 08:45

Your 'facts' are selective and a misrepresentation of the situation. You have been proven wrong. You are a clown on here, merely trying to get attention. Everyone knows what you are.

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)???!!!!