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Share Name Share Symbol Market Type Share ISIN Share Description
Kier Group Plc LSE:KIE London Ordinary Share GB0004915632 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.40 1.25% 113.80 113.40 113.80 115.80 112.80 115.00 1,953,511 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,328.5 5.6 -0.1 - 508

Kier Share Discussion Threads

Showing 22526 to 22547 of 23200 messages
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DateSubjectAuthorDiscuss
15/7/2021
14:19
zicopele have you ever said anything positive about kier apart from "I positively hate kier"?
itisonlymoney
15/7/2021
14:13
That's good cos this one's £42m. hxxps://www.kier.co.uk/media/news-releases/kier-starts-on-site-to-deliver-42m-transformation-project-of-paisley-museum/ This one's £50m. hxxps://www.railtechnologymagazine.com/articles/major-early-works-contract-awarded-hs2 And this one's £1bn, between four firms. hxxps://www.constructionenquirer.com/2021/07/09/isg-kier-laing-orourke-and-wates-secure-1bn-prisons-deal/
itisonlymoney
15/7/2021
13:21
You have also overstated cash received for sale of KL. They netted £90m after £10m pension contribution and sale costs. Disagree that ten small jobs of £10m has a lower risk profile than one large job of £100m.
zicopele
15/7/2021
12:34
It was early when I read, so see it was April, even so has hmrc been paid back??
bathboy2
15/7/2021
11:50
Interesting Leon - and more than happy to discuss. I just don't want to upset too many people as has happened before, particularly when Costain is mentioned. They (Costain) haven't told us much today either, which is irritating. I do accept that the trade finance number is a grey area - for me it is simply that without it the number would be in net debt. But it's true that you can say that about trade payables - so where do you draw the line? They have said they are ceasing this - so it will not be an issue in future. On the cash generation for the past 6 months, I do think I am right in principle - if they have the same level of debt for a six month average compared with the previous year, and the most recent average includes an element for the reduction of some £330m for a limited period, then the business must have consumed cash. It may be a timing thing, or it may be linked to the £50m delayed tax being paid, or it may underlying - we don't know. Maybe best to wait until the numbers to see more clearly with the results.
imastu pidgitaswell
15/7/2021
11:18
Seems he gets pretty confused when he tries.
petersw1
15/7/2021
10:50
peters..I`m just surprised he can read! Leon, do not encourage him..We already have War and peace in three volumes and the cost shareprice is circa 58.. Stagnant at best. Forks ...nice one!
sparty1
15/7/2021
10:45
imastu, trade finance of 110? Kier's total trade payables number last reported is £255.8m including the infamous KEPS scheme but if KEPS trade finance wasn't available, many, perhaps most, and possibly all of those suppliers would simply be in the trade payables line. Strangely enough, Costain's 2020 trade payables is almost identical at £256m on almost a quarter of the turnover, although I am not arguing with your thesis that Costain is good value. There is also the smaller argument that KEPS doesn't incur financing cost for Kier, so arguably not the same kind of debt as financing debt, but it is a creative scheme from the previous management so I'm not saying it shouldn't go. It is a liability like many other items, but it is also balanced by trade receivables. You can't categorise supplier outgoings as debt without also discussing trade incoming. They are two sides of the same coin, so it's not correct to say one is debt and the incoming can be ignored. Whether Costain is better value than Kier depends on other factors too like reach into the market and competitive advantage, and that is one of Kier's strengths. Look at the number of frameworks and Kier's customer base. It is huge. Also, Kier has taken the 'low risk' strategy of delivering hundreds of low value projects with low impact from any that go wrong. Costain's roads disaster shows a different level of risk exposure, and that might be one of the things reducing investor appetite for a business with a better balance sheet (currently). Also there is the little matter of today's update showing declining numbers on the few metrics discussed. I'm sure Costain will come good eventually - contract wins for the year put Costain only a few places behind Kier, so possible big growth is on the horizon. Also you dismiss Kier's last six months of earnings, stated as 3% margin on almost £3.5bn turnover and say 'call it zero'. I say, call it £50m paying off the o/s tax. To my mind, with supplier debt balanced by incoming revenue, Kier's explicit debt position is at least £160m better than your estimate.
leonthelion
15/7/2021
10:33
Bathboy, you're reading an article from 21st April.
petersw1
15/7/2021
09:59
I thought Sparty told us that debt is being redefined. Bet the finance directors of construction companies do not agree. Costain and Galiford are better value than Kier. And yet the market thinks different. That profit you use for generating a multiple has not been achieved by Kier.
zicopele
15/7/2021
09:23
In to Google kier results 2021, scroll down, building magazine, kier focus
bathboy2
15/7/2021
08:52
Kier have never stated that debt to HMRC has been repaid. None of the other major construction companies deferred payroll taxes. Amount raised was circa £320m after expenses. Kier is still in debt but we will have to wait until results to find out just how much.
zicopele
15/7/2021
08:38
wolly/bathboy attempting to spread misinformation. Kier has now paid back it's deferred tax; the same deferment that practically all the construction firms took to help with anticipated covid costs. The more interesting story here is that Kier has managed to achieve almost 3% margin on £3.4bn turnover and that both debt (which is now very small due to £350m incoming, mostly in the last fortnight of the year) and profits are ahead of Davies's cautious outlook.
stdyeddy
15/7/2021
08:34
No as I can't find the article, a link would help.
petersw1
15/7/2021
08:34
No as I can't find the article, a link would help.
petersw1
15/7/2021
08:15
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 🤔
ontheforks
15/7/2021
07:37
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?
stutes
15/7/2021
04:30
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.
bathboy2
14/7/2021
12:05
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
10:56
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 👍🏻
ontheforks
14/7/2021
09:22
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.
zicopele
14/7/2021
08:00
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.
stdyeddy
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