Kier Share Discussion Threads

[petersw1] 15/7/2021 09:34

No as I can't find the article, a link would help.

[petersw1] 15/7/2021 09:34

No as I can't find the article, a link would help.

[ontheforks] 15/7/2021 09:15

Careful stutes your showing your hand by posting that this is the kier board and to start posting negative things about barrats out of the blue then planting doubt about kier main contracts might get people thinking your trying to encourage pi's to sell good luck longs 👍🏻 ps I've noticed there hasn't been any dumping of 85s from the big boys wonder why 🤔

[stutes] 15/7/2021 08:37

Barratts reporting yesterday identified an £80m cladding liability, I wonder when the fallout will include other types of buildings like hospitals, prisons, offices, schools, etc?

[bathboy2] 15/7/2021 05:30

Can anyone shed light, on what is reported on the building website, that kier have to June 21 have returned 29m of 79m deferred tax, in the year and still to return 50m this year to June 22, and why is it saying 'if the equity raise does prove successful', does that mean not all analysts are not sure it is enough??. Taking on board the comments about average month end debt, and the large injection of monies that have come in, surely the debt level should have ticked down??, but it is reported as 436m up from 422m, in line with expectations apparently.

[ontheforks] 14/7/2021 13:05

More good news thought I'd check my sharesave account was £1.01 option price now 86p sighed up till October to close account so will have around £1800 to buy keep up the good work mr D and good luck longs 👍🏻

[ontheforks] 14/7/2021 11:56

Just checked my share account and all my 85p shares are in so looks like they've all been allocated could be why share price has dipped along with cautious announcements but at least I'm now around £1000 up on investment lol good luck longs 👍🏻

[zicopele] 14/7/2021 10:22

I think we will have to wait...and not you long...for updates from Galiford and Costain...in order to gain an assessment of the industry.

Kier is back to it's old trick of never divulging any information. On the face of it the lack of any progression on debt is disappointing.

[stdyeddy] 14/7/2021 09:00

Thanks peter, that makes sense. Needlessly opaque on Davies's part. He should have shown the immediate impact of the cash coming in -- as usual, downplaying the positives.

[petersw1] 14/7/2021 08:56

stdyeddy, I make it an average of twelve months since it is the FY number they discussed not the 2H number.

[stdyeddy] 14/7/2021 08:55

All of your 'pronouncements' on kier are negative and made from a position of ignorance. Why are you posting here?

[bathboy2] 14/7/2021 08:46

Un-stdy, whatever pharma you are on, please can you let us know, as the utopian world you live in is amazing

[stdyeddy] 14/7/2021 07:56

bathbrain; you appear to have intentionally misunderstood the explanation already given to you about the avg debt figure -- it's an average of six months; it will have come down dramatically for the last days of the last month. a better indication of Kier's new situation would've been expressed through the net debt at end of year, especially since that's the measure that they've been using for several years. Everything which you've concluded is wrong (as usual). All typical of wolly -- you are not fooling anyone.

As for 'long road', no. It's easily possible that it's a six-month road before we hit zero debt and a discussion about dividends; Davies has already said that the debt position is better than management expected. £350m cash coming in from equity raise, plus £50m for second half, plus £50m for the next six months more than wipes out the 'avg debt'. Btw, 3% on £3.5bn is over £100m and Kier is anticipating growth -- construction is booming.

[bathboy2] 14/7/2021 05:51

Operating profit, back to 3%, same as FY19, FY20 was 2.5%, but they lost money in both of these years, finance costs and other exceptionals took the money. The capital raise and sale of Kl monies, has probably been used to soften the strain here. This could be the reason for month end debt still being much the same. Kier may well have turned the corner, but this is still a very long road, especially in a very low margin industry

[petersw1] 13/7/2021 20:08

See post 22513

The number is the average month-end net debt for FY21, so the sale happening in 2nd to last month of the period and the raise in the last month means they didn't have much effect on the average for the full year.

[bathboy2] 13/7/2021 19:58

Just done some reading regarding the results, on construction enquirer website, it states that with 350m cash injection the month end debt still remains the same as before, where has the money gone??

[petersw1] 13/7/2021 19:00

Both points are made in Joe Brent's note.
The first point is lifted from slide 19 here:
I don't have any direct source for the second point.

[bathboy2] 13/7/2021 17:33

Hi Peter, do you know this for sure?? Do you work in Kier's pricing department??

[kierculpa] 13/7/2021 16:54

Stdy 22521 postPatience Stdy - this announcement is was never going to be spectacular, it's just not Davies' style. And i'm happy with that. Expect share price to progress slowly but surely towards 200, though it might take more than 12months. Fair enough. Biggest risk is the US bubble.

[ontheforks] 13/7/2021 16:53

Looks like a few of the 85p lads have folded but no major sell offs from the big fellas just have to wait till September for proper perspective so stick to my original plan I think good luck longs 👍🏻

[petersw1] 13/7/2021 16:43

Lowest volume traded since 11th June.