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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
  0.60 0.52% 115.80 116.80 117.00 117.20 113.00 113.00 6,489,623 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,328.5 5.6 -0.1 - 517

Kier Share Discussion Threads

Showing 22926 to 22950 of 23125 messages
Chat Pages: 925  924  923  922  921  920  919  918  917  916  915  914  Older
DateSubjectAuthorDiscuss
16/9/2021
08:03
And incredibly, we are at NET CASH. £3m.
stdyeddy
16/9/2021
08:03
First press article: KIER RETURNS TO PROFIT AFTER TWO-YEAR TURNAROUND hTTps://www.constructionenquirer.com/2021/09/16/kier-returns-to-profit-after-two-year-turnaround/
stdyeddy
16/9/2021
07:43
Zico yes I noticed that. It suggested to me that the month end debt was pretty static and was simply dressed to look good. The KL/rights funding has cleared it out so we will see what the real number looks like. What really matters is the FCF generation and cash conversion which looks pretty reasonable givem where we started and, I expect the debt funding would have been steep..... would you have lent KIE money so that will help matters too. Looks like a pretty stable business.another year and it may look like a good business if anything in this sector with big execution risks and supermarket margings can ever be a good business. KIE is aspiring to a margin lower that ULVR. that probably tells you all you need to know about the sector as a whole.
marksp2011
16/9/2021
07:43
Ah, Kier. I remember them. Not going to waste a day on this, the golf course awaits. I don't hold, and am not going to hold any time soon, but follow with interest... The main takeaway I have from reading these is the compressed cashflow statement in the Free Cash Flow section of the Financial Review. Basically £150m of EBITDA, plus £60m of working capital movement, minus £60m of delayed tax payment. So £150m or so of cash generation. From which they spend capex (£50m or so - probably more in future, but maybe higher EBITDA in the first place?) and end with (after other adjustments) £90m free cash flow. So going forward they (broadly) make £100m in cash. Which is pretty good. Now in future they will have to pay tax at some point, which will take up to 25% off the cash generation number. But there will be reduced interest (not to the extent of tax). But something like £80-£100m of cash generation, with a market cap of (446m shares) of around £600m. 6-7 times cash generation. Something like that. As an investment case, still not wholly convinced, but it's decently cheap; they also still tend to be economical with the truth - supplier chain financing still there of £80m, that average net figure needs more explanation than just 'the monies from the rights issue and the KL sale came in late' - it's cheap but I know cheaper... The presentation later should give some more detail. I'll be in the rough somewhere on the 4th. Final point - the City must love them. £30m+ in fees from the placement, plus another £10m from the KL sale? Stand by for them to be canonised by the scribblers...
imastu pidgitaswell
16/9/2021
07:32
Not going bust is a good result for shareholders wouldn't you agree most have now reduced there average one way or another only the short brigade are losing money now
ontheforks
16/9/2021
07:27
Lucky they got Kl sold and rights issue away. Otherwise average debt would have increased. Is that what you guys call good results?
zicopele
16/9/2021
07:23
Zico lol. ‘Short at 78p’. Wally’s tea boy. I think we need to rewind to not so long go when Kier were the most shorted stock out there and in the brink. Well done Sir Andrew.
johnbuythedips
16/9/2021
07:18
How's the short going zico you made up your losses yet.... Oh wait no its not been below £1.21 in ages so will pass on your expert advice 👍🏻 good luck longs 👍🏻
ontheforks
16/9/2021
07:17
Decent results Decent FCF and cash conversion rates which is all that matters. Margin improvement. "Profit" is a nonsense - an accounting remainder.
marksp2011
16/9/2021
07:13
They made £5m....they think. Still in bad shape.
zicopele
15/9/2021
21:12
Make or break time let's hope Davis is more confident now he's already thrown everything in the pot except the kitchen sink last couple of years gave us all the reality check we knew was needed let's hope its about to pay off this time good luck longs 👍🏻
ontheforks
15/9/2021
20:43
No answer from wolly. Seems he just can't bring himself to say it. He knows the price is going up!
stdyeddy
15/9/2021
14:15
Kier reports tomorrow. It will be interesting to see how much more work has to be done to the balance sheet in reducing debt and when a meaningful dividend will be paid to shareholders. The Tempsford HQ is still to be sold(?. How is K maintaining margin in a period of inflation and lorry driver shortages?
stutes
15/9/2021
14:10
On the way up after 6m shares traded in 5 min.
petersw1
15/9/2021
13:31
wolly, answer the question; you like making predictions -- do you think Kier will go up tomorrow or down?
stdyeddy
15/9/2021
12:59
Was about to reply saying that SNT looks a lot like a "boiler room" stock (tiny market cap, no volume for months, then ramped to heaven in a pump and dump). Then I realized who posted it!!!
wallywoo
15/9/2021
11:39
Hi Wally. Haven’t you gone to hell yet? Guess who’s just made an absolute killing on SNT this morning? You guessed it. Me!
johnbuythedips
15/9/2021
10:26
As usual, trying to knock the BB poster (with made up information) not the facts I present. Soooo predictable, Stdy. Sad really! I think tomorrow will be interesting. The results will be awful, but Kier will spin really hard that the future is bright (let's face it they tried to spin the last 2 years were good, when they lost £100m cash in each!!). I don't believe the market will fall for it, especially now they have 454 percent more shares to keep happy than 3 years ago!
wallywoo
15/9/2021
10:19
So wolly, do you think the shareprice will go down tomorrow? I have a very strong feeling that it will be going up, but since you seem to be a bit of an expert on construction, now that you've lost a load on Interserve long, and lost even more trying to short Kier, I'm interested in your accrued wisdom. What is the wolly prediction for the shareprice tomorrow?
stdyeddy
15/9/2021
07:12
Lol, Kier's pension trust is 300 percent larger than Kier's market cap. Much of that liability is final salary (larger cost to Kier than most pensions). Kier have been putting large amounts of money into the pension for over 15 years (much more than any dividends paid over that time and much larger after 3 big acquisitions between 2013-16). Now that inflation is taking off, those liabilities will get much higher, not lower as you suggest. A additional £10m cost was added when KL pension fund was disposed in June! It is just another example of why Kier are such a poor investment (bottom of a long list for shareholders rewards). But of course there are lots of party's who benefit from Kier's shareholders continuing to bail out Kier every few years. Which Party do you work for Peter???? !
wallywoo
14/9/2021
22:34
I note Wally you're quoting the "Total comprehensive loss for the period" (54.0m). Of that (53.9m) was from "Re-measurement of defined benefit liabilities". I think we can expect a good chunk of that to be reversed with actuarial assumptions tending to be more favorable around June this year then they were in December.
petersw1
14/9/2021
20:09
Ah, so Wally you've realised and accepted that the share price is above 100p! Only taken you a bit over 4 months that. Are we finally on our way to getting the promised apology?
petersw1
14/9/2021
17:26
Kier had a £54m loss from the first half. There's no way they made any money in the second. So the chance's of them getting a p/e ratio (ie having a profit) are zero.They always do a good (but dishonest) job of talking up the next year. But will anyone believe them?? Always jam tomorrow with Kier. Unfortunately the jam goes off really quickly!! The share price is close to it's support level now, once that breaks it will be below 100 very quickly.
wallywoo
14/9/2021
11:03
You're a bad loser wolly. AND you're a bad investor. As usual, you will be silent on Thursday when the share price reacts to Kier's first profits in two years and the p/e ratio is suddenly inked in, from minus a million or whatever it is currently, to a small positive number.
stdyeddy
14/9/2021
10:50
Yes the obvious answer to poverty is to invest your money in a £550m company with (-£300m) tangible net assets, that pays no dividend (and I believe we will see on Thursday very little prospect of doing so). You are such a great investor Sparty, SYME and Kier!!! Gives you lots of bragging rights!!
wallywoo
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