Kier Share Discussion Threads

[bathboy2] 15/6/2021 13:06

If excess shares available, that means the ii didn't take it up and relying on the pi's to get sucked in, in desperation, if a superb investment the II's wouldn't have left anything

[this_is_me] 15/6/2021 12:31

Big profits!

I sold shares after the record date for 112.2p and bought slightly more back at 85p. That is 27.2p a share profit. They are now worth 114.4p I bought the shares earlier in the year for 90p so I have now got shares which if I sold them this week would give me a total profit of 27.2 + 24.4 = 51.6p or approximately 57% and that in less than 6 months.

[wallywoo] 15/6/2021 11:50

The reason Costain is struggling to break 60p is because it issued 145 percent more shares at that price 12 months ago.Kier are about to issue 175 percent more shares at 85p. No prizes for guessing what share price Kier is likely to struggle to break for the next year.If Kier didn't issue all these shares they would be bust. I seriously don't understand the euphoria on here. This has been and remains a extremely poor investment.

[pric9447] 15/6/2021 11:14

Took up full allocation and applied for circa 30% additional, was granted all, happy days.

[sparty1] 15/6/2021 11:12

But Stdy!! Wally and co think you are not invested!! Just a "paid ramper"
Surely not another error.
Off for a beachcomb..Sun's out, tide is receding and the G7 circus has gone...

[stdyeddy] 15/6/2021 10:45

Meanwhile Kier gets on with the job of winning new contracts:
Kier wins £17m upgrade of Lewis Hamilton’s old school

[stdyeddy] 15/6/2021 10:43

Oversubscribed, and if my brokers have done their jobs right, I should be getting a very useful chunk of excess app shares at 85p. So far, looking very good for my holding and for the business in terms of cash raised -- nothing left with the underwriters.

[sparty1] 15/6/2021 10:37

PS , COST (the well funded debt free excellent in everyway construction firm as endorsed by podgy)
Is struggling to break 58p..
They desperately need Wally over there ....

[sparty1] 15/6/2021 10:17

stdy, Hopefully the thinly disguised de ramp of Showerboy comes true so I can load up. Looks like Wally let me down :)

[zicopele] 15/6/2021 10:10

Expect a flood of sell orders when nee shares can be traded.

[petersw1] 15/6/2021 08:37

82% uptake of the Open Offer shares.Excess applications for 28% of the Open Offer shares.That gives enough to meet ~64% of the excess applications.

[stdyeddy] 15/6/2021 07:28

More rubbish from the one-month-old newbie. The shorters are not hiding out of sight; they are nowhere in sight because no sensible hedge fund would short Kier now -- the share price is in recovery. Two years ago this was the most shorted share on the stock exchange; hedgies weren't shy then, and they wouldn't be now. The share price has increased 300% since November and now that the business is recapitalised, likely to treble in price on a load of outcomes, including decent second half results. A forward p/e of 10 is the next easily achievable target imv; over £3. Entry to the FTSE 250 will also create a lot of momentum here and we are about to start the run-up to that.

Later today we are likely to learn how much of the new share issue became available in the 'excess application'. If this is a very small amount, there will be a lot of existing Kier shareholders with money on the sidelines thinking about buying Kier while it is still in the low £1. There are already a load of investors who are not invested in Kier and who have seen its well publicised recapitalisation and recovery -- they will also buy in once the new shares begin trading. Any dip is a buying opportunity for a great many people now.

[bathboy2] 15/6/2021 06:18

I wouldn't be surprised if the shorters are quietly getting in, to drive the price down, the shorters are hovering just below the .5% trigger, they have to be careful as it would be not seen favourable by the government, if they were to force kier out of business, but they as a financial tool are able to make money, as long as they don't push too much, results after the end of the month and the euphoria of the equity raise, the true level will be realised, I'm expecting that roughly a bit lower than yesterday's open, the share price will fluctuate, but will get going when dividends will be reinstated, whenever that will be.

[pl dil] 14/6/2021 21:39

I’m gonna miss Wally no mates.

[stdyeddy] 14/6/2021 21:15

Peter, you are correct, it just gives the date. I was reading it off the timetable in the earlier notice (below). 10am is for the meeting the following day. Could be at the open maybe?

Record Date for entitlements under the 5.00 p.m. on 12 May
Open Offer 2021
Publication of the Prospectus, the Notice 13 May 2021
of General Meeting and the Form of Proxy
Ex-Entitlement Date for the Open Offer 8.00 a.m. on 14 May
2021
Posting of the Prospectus, Application 17 May 2021
Forms (to Qualifying Non-CREST Shareholders
only) and Forms of Proxy
Open Offer Entitlements and Excess Open as soon as practicable
Offer Entitlements credited to stock accounts after 8.00 a.m. on
in CREST (Qualifying CREST Shareholders 18 May 2021
only)
Latest time and date for receipt of Forms 10.00 a.m. on 14
of Proxy June 2021
Latest time and date for receipt of completed 11.00 a.m. on 14
Application Forms and payments in full June 2021
and settlement of CREST instructions (as
appropriate)
Announcement of the results of the Open 15 June 2021
Offer
General Meeting 10.00 a.m. on 16
June 2021
Admission and dealings in New Ordinary 8.00 a.m. on 18 June
Shares to commence on the London Stock 2021
Exchange

[petersw1] 14/6/2021 20:42

stdyeddy, what makes you say 10am?
The prospectus just says 15 June 2021 and doesn't give a time.
I was imagining either before open or after close.

[petersw1] 14/6/2021 20:05

More volume than we have seen since 17th May. Though 70% of came from this interesting looking series of trades:


Time
Price
Volume


13:42:36
114.3
55,555


13:50:34
114.278
164,878


13:57:20
114.2
242,747


14:10:30
114.2
479,673


14:26:34
114.2
310,272


14:26:38
114.2
310,000


I say interesting as they stood out on the volume plot as a steady ramp up and the price stayed steady until a bit more than an hour later.

[easy45] 14/6/2021 18:40

Up up up and away see ya Wally ya C##k of an ex employee 🤪

[ontheforks] 14/6/2021 18:08

Well £1.17 fingers crossed this is a recovery sign off all go's well for kier I reckon with extra shares @85p from rights and sharesave I'll have around 16000 shares current value around £18750 give or take a few quid nearly broke even after six years just opted to make a few more contributions to sharesave for shares @1.01 hopefully this will come down to 85p as well plan to hold till September and assess situation then good luck longs 👍🏻

[stdyeddy] 14/6/2021 18:00

Main index flat, dow down 0.75%, but our volume is doubled and up 2.2%. Looking good ahead of the sign-off on the equity raise. Announcement of the result of the open offer tomorrow at 10am. Looks to me like it may have been massively oversubscribed and a very limited amount coming through on the excess applications.

[bathboy2] 14/6/2021 12:50

Construction is where it is happening, and well supported by the banks, very grudgingly, not long before it all unravels

[sparty1] 14/6/2021 11:53

Wally migrated to the other thread?
15 firms in Admin in May according to Construction news.. Note Wally! Kier not one of them.
Maybe pop over to COST board and tell them why their investment is stagnant?
They could do with a boost.
Note to all posters , if Wally starts posting regularly on COST, sell the wife and the house and pile in.

[my retirement fund] 14/6/2021 09:09

Are we still on course for the 18th or is it likely to be longer ?

[inntolife] 14/6/2021 08:00

I swapped from II last August as their service has been woeful since they took over from TD Waterhouse. Now with HL, very switched on, If you don't get any joy with II have a word with the FCA, try mentioning that you are going to take it to them and see what response you get from II