Kier Share Discussion Threads

[pric9447] 16/6/2021 22:15

Typo56, it's a judgement call as to when to hit the button.

My thoughts on those wanting to take the profit is why wait till Friday to trade the new shares when there could possibly be a sizable sell off by other like minded peeps, so sell the existing holding beforehand and hold onto the new shares.

My assumption, incorrect in hindsight, was that those taking up their allocation in the open offer would have stumped up available funds to nearly double their holding. Of course this wouldn't have been be the case in all instances, some would have had to sell their original holding to fund the purchase in the open offer.

Just my thoughts for what its worth.

[stdyeddy] 16/6/2021 21:40

bathboy; you've been on advfn for one month and been lecturing people here about what will happen to Kier but you clearly don't know what you're talking about. You've been wrong 100% on everything so far. I suggest you keep your idiotic thoughts to yourself.

[typo56] 16/6/2021 21:16

pric9447, I think those wanting out of their original shares but wanting to subscribe to the open offer would have probably sold on 14th May, when they went ex-entitlement. They could have got a better price then than at any time since.

I find it odd that 18% of entitlements went unsubscribed. Why wouldn't you subscribe? It seems unlikely you won't be able to sell the shares for more than 85p. Unlike rights issues, you don't receive any payment for lapsed open offers.

[bathboy2] 16/6/2021 20:28

Which side of the line is kier going to come out on, lots of construction companies coming out with results, some good, some bad. Will be interesting how the share price will go, the banks/ii will cash out some of their shares. Even with the cash raise, they will still be 'owned', by the banks, until if possible they can work they way out, going to take a few years yet

[johnbuythedips] 16/6/2021 13:47

The world and his dog want Kier shares.
Wally you are a liar and a fraud and have lost.
MastaPig you are boring and cleared rooms when you used to get invited to parties. FACT. You have also lost.
Zico you are one of the above. Blowing smoke up Wally Liar's aristotle when he sold 50's LOL and short 78 yourself, if you can remember? You too have lost.
Idiots.

[sparty1] 16/6/2021 13:34

Peter ..Wally would not get out of bed for 170%...lol.

[my retirement fund] 16/6/2021 13:24

Hey its also my old school !

[stdyeddy] 16/6/2021 12:58

1% of the company just got traded in the last 40 mins and the market has taken it and is coming back for more!

[ontheforks] 16/6/2021 11:12

Looks like the share price is being bumped up ready for the quick profit brigade.... Or is people getting in at a low price while they can.... Good luck longs 👍🏻

[husbod] 16/6/2021 08:21

They could give small shareholders priority I suppose by giving them everything up to say 5000 shares and then scale back everything after that. Anyone who applied for over 5k would be scaled back from the beginning. Force the big boys to buy in the market.That would suit me.

[inntolife] 16/6/2021 07:28

Demand was over by approx 15 million shares very strong imho

[stdyeddy] 15/6/2021 18:03

Surprisingly little press on this excellent outcome:

Demand for new Kier shares outstrips supply



Everyone seems to be more interested in Lewis Hamilton's old school.

[boozey] 15/6/2021 17:55

Thanks Petersw1. So the baseline is 64%, and anything else is a bonus!

I guess we will find out Friday at the latest what we have been awarded.

[ontheforks] 15/6/2021 17:28

How's your short doing zico ❓❓

[zicopele] 15/6/2021 17:17

Sparty ....do you spend your day on internet looking for articles you agree with?

Bet you just loved Frost turning up to G7 wearing Union Jack socks. Real dog whistle politics talking to the faithful Brexiteers. And boy...did they lap it up?

Guess what...nobody in Europe cares.Everyone has moved on. Britain has moved on too. Brexit Britain is what we have and what we all get to live with...for good or bad.

[petersw1] 15/6/2021 16:51

Boozey, no, I make it as ((100%-82%)/28%) ~= 64% of the excess shares applied for will be given out.
I'm not sure how they will work the scaling back exactly though.

Do they give:

* everyone ~64% of what they applied for
or
* the same percentage up to the limit of what they applied for in multiple rounds till it is all allocated.

or maybe something else?

I would prefer the first option as with the second I'll get less.
With the second some would get the full amount they applied for.

[boozey] 15/6/2021 16:39

So if I read the morning's RNS correctly, we should get around 90% of our excess application (in addition to 100% entitlement allocation). Is that how others read it too?

[petersw1] 15/6/2021 16:32

Up 170% since the all time low 8 months ago on the 16th October 2020.
Anyone wishing they heeded Wally's warning and sold while it was in the 40's?

[sparty1] 15/6/2021 14:44

hxxps://www.msn.com/en-gb/news/uknews/eu-ramping-pressure-up-to-stop-brexit-britain-from-outshining-failing-brussels-bloc/ar-AAL1NGc?ocid=msedgntp

Soooo True..!

[sparty1] 15/6/2021 14:35

wallywoo15 Jun '21 - 11:50 - 22115 of 22121
0 1 1
"The reason Costain is struggling to break 60p is because it issued 145 percent more shares at that price 12 months ago."

But Wally they are now funded and debt free! N'est pas? The sector has moved on ..apart from COST Things are never as simple as they seem...except for some posters on here. :)

[pric9447] 15/6/2021 14:17

stdeddy, my guess is that those inclined to sell and take the profit are doing so now with their original holdings and will then keep hold of the newly listed shares on Friday.

[stdyeddy] 15/6/2021 14:03

Btw, whatever is being thrown at the market is being bought up. We will probably hit 3m shares today and price is still well above the 110p recent low.

[stutes] 15/6/2021 13:39

Is K vulnerable to similar claim?

[stdyeddy] 15/6/2021 13:35

Relentless misinformation from bathmong. You sound very much like wolly. The institutional investors owned almost three-quarters of the shares and take up has been 80%. The claimed take-up by many instis was listed in the cash-raise documents. My guess is that it's PIs who've taken up a little less than their share and the IIs have probably taken a little more. Kier remains a business with a VERY HIGH PROPORTION OF INSTITUTIONAL INVESTMENT. We will see updated numbers soon, but it will almost certainly still be 70%+ with institutions.

And as pric944 has pointed out, the shares were oversubscribed and the 'excess application' shares have been 'clawed back' from IIs by existing holders, who may themselves be existing insti investors.