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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
  0.40 0.35% 115.60 115.60 116.20 117.00 113.00 113.00 117,807 11:30:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,328.5 5.6 -0.1 - 516

Kier Share Discussion Threads

Showing 22851 to 22873 of 23125 messages
Chat Pages: 925  924  923  922  921  920  919  918  917  916  915  914  Older
DateSubjectAuthorDiscuss
30/8/2021
14:08
spartz, bathboy is wolly. No one else could be that thick. Wolly doesn't want to apologise to us like he promised he would, and he's been completely humiliated on here since he got outed on being long interserve and short kier and losing on both, so he's started up bathboy.
stdyeddy
30/8/2021
12:44
jeees bathboy ,you have a real problem.. did they strip you naked and beat you before sacking you? AD been seeing your wife (or boyfriend?)
sparty1
27/8/2021
18:43
Correct. The unaudited net debt was £561m in February. We shall see how it all shakes out in the accounts on the 16th, but that figure is likely to be lower by £330m and whatever Kier has been able to reduce through earnings for the second half. Wolly is seeking a higher figure to bait us.
stdyeddy
27/8/2021
18:20
She says net debt, which is also what I think stdyeddy meant.
petersw1
27/8/2021
17:42
Kier stated debt in February 2021 prospectus as 770m, cash raise and sale of Kl, have made inroads to this, but still well over 400m, so she might not be far off
bathboy2
27/8/2021
17:13
stdy, I agree. I'm beginning to think we may also see an article or two spelling out Kier's successful turnaround after those results. I'm happily letting this run on as a larger than usual holding for me.
petersw1
27/8/2021
16:52
peter, Laura Hoy hasn't realised that Kier's cash raise has reduced debt from 5 times earnings to 1 times earnings and that is possibly true of the wider investment community which likes to have things spelt out very explicitly. On that basis, the full annual results on the 16th Sept are likely to be a very positive surprise. Two and half weeks to go.
stdyeddy
27/8/2021
16:44
Very sensible snapshot, but as seen today, the Americans are thinking of pulling back on stimulus, if the UK did the same, galliford would be ok as balance fixed and proven, Kier still at danger, possibly for the next couple of years, until debt reduced greatly or, better still, debt free, see if the results in a couple of weeks, holds in stall, have a good weekend and the sun is shining
bathboy2
27/8/2021
16:29
Tis a week old now but Kier got a mention here: Https://www.investorschronicle.co.uk/ideas/2021/08/20/the-big-rebuild/ Nussey sees Galliford Try (GFRD), Kier Group (KIE) and Renew (RNWH) as the best pure-play companies to give you exposure to UK infrastructure. Galliford has restored its balance sheet by selling off its housebuilding business to Vistry (VTY), and is benefiting from a turnaround plan. A £3.3bn order book gives good visibility, but the company needs to focus on driving margins higher. Laura Hoy, analyst at Hargreaves Lansdown points out that the group’s revenue “won’t make it back to 2019’s levels for the foreseeable”. Similarly Kier, which was on the brink of bankruptcy following “accounting errors” in 2019, is benefiting from a new management team which has stripped out costs and is focussing the company on what it does best – building and maintenance. Its profit margin has risen to 2.9 per cent, but net debt was uncomfortably high at nearly 5 times cash profits in its latest results. Hoy thinks the group is on the verge of a turnaround, but economic uncertainty remains a concern.
petersw1
27/8/2021
12:53
You had no doubt that this share price would go down from 50p. Maybe you should re-examine your doubting abilities. Now then; about this apology you promised to give us for being so completely wrong about Kier back on May 1st -- where is it?
stdyeddy
27/8/2021
09:52
Lol, if Kier generated lots of cash over the last 6 months, then why did they have to sell KL for less than book value (after already written down the assets the year before). And why did they have to beg another £240m off shareholders in a equity issue?? I have no doubt that they are still losing cash. Net debt increased £44m (from £310m to £354m) at the half year, so that trend would of continued. The question is will they lose cash for the next year. The jury's out, but it is a long shot that a serial disappointing company will change. Don't take the word of Stdy, who for 2 years said Kier won't need a equity issue and doesn't need to sell KL, (when they actually lost nearly £200m of cash in each of those 2 years)!!!
wallywoo
27/8/2021
00:29
peter, I'd go a little further and say that practically EVERYTHING that wolly says is idiotic, though I'm happy to defer to your precision on his specific posts. The point you mention about margins and the attitude of the sector has been made by several of us here over the last couple of years and it has been a central plank of Davies's management. The collapse of Carillion and Interserve has been a salutary lesson for clients and the construction firms, and even our friendly neighbour Costain (still suffering from its calamitous Welsh road project) now has a 'five-gate' profitability check on its contracts. However, a disciplined approach is essential and customers will still push for unfeasibly low margins -- this is evidenced by Kier's decisions over the last two years to walk away from many contracts, my favourite one of these being the Marylebone Square project. According to industry journal Building '...Concord London turned to Multiplex to get the job going after failing to agree a price with Kier.' What I like about this project is that Kier stood its ground on price beyond the point of losing the project. However, the customer came back when Multiplex couldn't deliver. Regarding the risk of a return to austerity; I agree. It won't be coming from this govt in the foreseeable, mainly, I think, because the US has decided to print money endlessly, and we as a nation can happily follow the same philosophy.
stdyeddy
26/8/2021
21:34
Wally, I think your "still yet to generate any cash" line is out of date. Based on the info they have put out it is possible to do some calculations. You can find my initial rough attempt in post 22597. Annoyingly, no one pointed out the mistakes I made :/ Anyway, I think they did generate some cash in the 6 months to the end of June. We will of course see more clearly on the 16th. As the debt is paid down and there are less adjusted items we can expect even more for this current period. I'll take the feebleness of the attempted bear cases round here as a positive sign. Though it would be handy to have some bear cases made with some actual insight :/ The assertion that the rise and than fall in early 2019 has any reflection on the current movement is plain idiotic. You can only get to such an idea by stripping out all the context around the price movements. An additional point, I think not yet made by stdyeddy, is how the sector has changed after the various collapses. Kier's clients are now well aware that it is in no one's interest to push for unfair contracts and Kier's competitors are all trumpeting the same risk management story. All in all this is leaving room for the increasing margins we are seeing. The main risk I see is the potential for a political change of direction and another jump back to austerity. Doesn't feel too likely to me in the medium term though.
petersw1
26/8/2021
15:57
Andrew Davies has instilled a new management regime which insists on decent margins and no loss-making contracts. Margins have been progressively increasing over the last two years and were last reported at 3%. Medium-term the business is aiming for 3.5%. wolly/bathboy, you just look ridiculous. wolly, are you posting as 'bathboy' because you don't want to apologise for being so wrong about Kier?
stdyeddy
26/8/2021
15:30
Do you know Kier are operating on negative margins? If not, none of your post makes any sense.
kierculpa
26/8/2021
14:31
Kier have to keep winning work at whatever the margin, probably find they are not pricing again anyone else, they have to keep robbing Peter to pay Paul, until it blows up and debt has climbed again, next time they have no KL to sell, to help out, about the only asset left is tempsford hall, all other offices rented, don't know why the don't move back in, got to be cheaper, the office in Manchester, costs them over 1m per year, does look like they are going to pull out of that one though
bathboy2
26/8/2021
13:38
Kier appointed to Bristol highways and associated works framework hTTps://www.pbctoday.co.uk/news/planning-construction-news/ Kier appointed to Bristol highways and associated works framework
stdyeddy
26/8/2021
13:37
So you agree he should apologise sicko?
stdyeddy
26/8/2021
13:08
Poor old Steddy. Of course he really misses Wally. He is now reduced to answering his own comments. It is quite sad actually. He needs a friend. Go on Wally. Do the charitable thing and throw Steddy a bone.
zicopele
25/8/2021
15:24
Btw wolly, this 'dog investment' as you call it has more than trebled from its 42p low last year. A 350% return for anyone buying in October -- today's share price was rebased by 20p when the new shares were issued and investors from last year are sitting on a rise effectively to 150p. Meanwhile, your BP punt has made you a mere 30%. You would've made 10 times as much if you had gone long on Kier instead of trying to short it from 50p when it was quite obviously recovering. Do you remember all those 'shorts' you kept claiming to open; 'my average is 54p now' all the way up to 93p (averaging 81p according to you)?? And then suddenly that long silence when you got wiped out again. So now you're poorer, as you admitted in your May 1st post. But you still owe us all an apology. Everyone here was telling you that you were wrong, but you wouldn't listen. You're still babbling away like a deranged old fool. Let's see you babble out a little ol' apology wolly. It'll do your conscience good.
stdyeddy
25/8/2021
15:21
A couple of other things; investors who are long Kier and contradict your stupid ramblings on here are not 'rampers'. You are the miscreant here, writing malicious rubbish about Kier while you try to make yourself feel better about losing tons of cash on Interserve and losing tons more when you tried to short Kier. You are fundamentally dishonest and have repeatedly broken your word here and lied about so many things over the last two years, that I sometimes wonder what kind of lonely and deluded life you must lead.
stdyeddy
25/8/2021
15:16
wolly you said you would apologise to all the longs here for being completely wrong about Kier. You said you would APOLOGISE when the shareprice went through £1. Instead you are still here spouting your ridiculous rubbish even though Kier has recapitalised and is winning work and frameworks and is quite clearly out of the woods now. The ceo is even discussing dividends for some point in the medium term. Basic honesty is what we're looking for here wolly -- do what you promised. Apologise to all of us now.
stdyeddy
25/8/2021
13:28
Wally you can also be too wedded to past performance. Things change. Companies change. And low margins are fine if the volume is there. And it is.
kierculpa
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