Kier Share Discussion Threads

[imastu pidgitaswell] 20/9/2021 16:23

I was surprised by the level of debt reduction.

Some of it will be due to (unsustainably) low capex (which will increase) and some working capital effects which will not recur, and there is still £80m of trade finance and £20m of delayed tax to be paid, but stdy's tax comment on results day recently was interesting. If it is c12 years of no (or limited) tax, then does put this on a PE of around 5, maybe less.

You can't keep looking backwards wally: caution - yes, but intransigent blindness - no.

[stdyeddy] 20/9/2021 16:04

Another thing wolly would be wise (lol, as if...) to keep in mind would be the increasing margin. In the first half, profit margin was 2.93%. For the full-year it's 3%, due to a second-half margin of very nearly 3.1%. IF Kier can maintain that rate of improvement, against cost pressures etc, we might see a first-half margin for 2021/2022 of 3.3%. Davies is saying that despite inflationary pressures, they still think their forecast is right. Medium-term target is 3.5% margin on revenue of £4.0 to £4.5bn, which would be £140m at the low end and if the business can get to the low end of that forecast in this half, it will make £70m.

And I think it's just possible that we have finally seen the end of the 'restructuring' which has cost another £31.6m for the full-year and £24.8m for the discontinued business (inc £12.1m as a writedown on KL's final value), which along with advisor fees have eaten up most of the operating profit, eventually leaving us with £5m. I look fwd to seeing the results in January with no restructuring costs, no surprises and increased margin.

wolly will never leave btw. He's always promising to do something more productive with his time, but he never honours ANY promise, including the one he made us before the share price rocketed through 100p, when he said he would apologise for being wrong about Kier. It seems he has no friends (perhaps because he is so unreliable) and no hobbies, and cannot tear himself from this thread -- and that is quite sad, but maybe he deserves it.

[petersw1] 20/9/2021 10:53

Wally, since you're so obsessed with P + L you should note the total comprehensive income of £23m for the 6 months to 30th June 2021.
They don't state it directly, and I don't find it as useful for understanding the business as the underlying profitability. Though, given you obsess over that it should be an important figure for you.

[wallywoo] 20/9/2021 10:41

That's great, so Stdy you are agreeing to not post / ramp on this BB until next year when the results come out?I am sure the BB will be much better as a result. Take care now, bye!!!

[stdyeddy] 20/9/2021 10:06

Yes, wolly, perfectly happy to wait for the next news or set of results. It's you who is constantly 'deramping' on here because you have a stupid fixation with Kier. You lost on your short; you're a well known figure of fun on here for lying and constantly posting rubbish; you lost on Interserve going long. Half the people on this board are only checking in to see how you are being skewered by the sensible people here. When you are silent, there is very little posted here. You would be better off not posting your ridiculous doom-mongering rubbish, and just waiting for genuine news.

And also, when will you honour the promise you made on 1st May to apologise when the price rocketed upwards through 100p??

[wallywoo] 20/9/2021 09:42

Yes you have been saying forward pe for 3 years now, except that for each of those years Kier actually produced a loss.Surprise surprise you are saying the same thing again. Don't you think it is time to actually wait for the next year before you speak?It is getting embarrassing now!!

[stdyeddy] 20/9/2021 09:36

wolly, when will you stop lying? I said FORWARD p/e. Kier will earn upwards of £100m on current performance and has a market cap of about £520m. The results have just been published. And also, when will you honour the promise you made to apologise when the price smashed through 100p??

[wallywoo] 20/9/2021 09:34

Kier made a bottom line loss, so have no PE ratio, despite Stdy saying it has had one for 3 years now (with losses in each year)!!!When will you stop lying to posters, Stdy???

[stdyeddy] 20/9/2021 09:29

Indeed. All the longs are sitting on good profits, maybe even big profits now. Kier itself has zero net debt (in fact it has net CASH), a massive order book, a slimmed down workforce. Hardly a 'worry truck'. Current forward p/e is about 4.5. Dirt cheap, and even at risk of a bid.

Today's opening price is affected by a market-wide drop in prices in the US, China and as a consequence, globally.

[iammrweald] 20/9/2021 09:19

But if I ' invested'in this worrytruck @ circa 88p and look to sell now will I be paid no returns? he he

[itisonlymoney] 20/9/2021 09:00

Yes, you do keep saying it even tho you're always wrong.

[wallywoo] 20/9/2021 08:21

As I keep saying, despite the numpty's on here insisting this £550m non dividend return company is the bargain of the century!


Support now firmly broken, next stop for the share price is 100p!!!!


Why buy a company that has issued 454 percent more shares in 3 years, pays no return, has paid rampers that have been saying how great it is for 2.5 years (with no share price increase), and will be deeply affected by huge inflation??

[bathboy2] 20/9/2021 05:35

A couple of traffic management contracts and a couple in design, nothing to shout about,

[stdyeddy] 18/9/2021 12:33

Another framework win for our favourite construction firm.

Kier and Morgan Sindall among firms on £3.6bn road-renewal programme

[petersw1] 17/9/2021 16:39

4,469,785 shares traded in the closing auction at 122.6p.
About a 1/4 of that was market buy orders.
I haven't seen such a large uncrossing trade here before.

[petersw1] 17/9/2021 16:04

Very positive article about the way Kier runs projects:

[stdyeddy] 17/9/2021 14:17

Don't worry wolly, there are plenty of buyers of Kier shares. 4m has been snapped up and the share price has barely moved. No one is ramping Kier. We are merely answering the malicious lies of trolls like you.

The business has properly turned the corner now; first profit reported for two years, £93m in cash generated. Debt wiped out through the asset sale and cash raise, strong order book. All of that is in the results; no need to call it 'ramping'. You are the one (with your TWO identities here, wally/bathboy) trying to persuade investors to do something. And as usual, YOU are fooling no one.

And as for 'reams and reams of ramping posts' YOU posted on here thirteen times yesterday, and according to you, you don't even have a position here. And when you claimed you did have a position some months ago, you said you were SHORT and lost massively. You are clearly delusional and motivated by some deep-seated hatred of Kier. You should find another hobby. Btw, you STILL owe everyone an apology; you said that you would apologise if Kier went past 100p in May. The fact that you can't live up to your promises shows just how dishonest YOU are.

[petersw1] 17/9/2021 14:16

Average month-end net debt is the figure you’re posting. Averaged across the financial year.
"Receipt of capital raise and Kier Living sale proceeds arriving in the final months of the year. Limited impact on average net debt"

Did you only scan read the results or do you struggle with understanding averages?

[bathboy2] 17/9/2021 14:16

On the other board, they think Kier has zero debt now, how deluded can some people be, when kier sold KL, they kept something like 10/15m in cash to strengthen the coffers, i believe they booked around a 40m loss on KL in the accounts, call it, valued KL at 150m and sold for 110m

[stdyeddy] 17/9/2021 14:13

You genuinely know the answer to this. If eleven months avg debt was £436m and 12 month was zero; 11months x 436, plus 1month x 0, the avg monthly debt for the year would be £399m.

As you know, the number which is most useful at this point is the end of year net debt, which shows NET CASH OF £3m.

Stutes, you said earlier that The Times is saying that Kier is a buy. Do you have link to that item?

[stutes] 17/9/2021 12:27

K's monthly debt £432m compared to £436m the year before, but what about asset sales and rights issue - how come debt has only dropped £4m?

[stutes] 17/9/2021 10:37

The Times reports on K as a buy.

I think chasing turnover without good margin control is a bad thing. Why should any new investor buy K shares when Morgansindall appears to be on rocket fuel -delivering profits and very few or none nasty surprises ?

K needs to match MS and that could take time.

[petersw1] 17/9/2021 10:12

Hmm, at 09:52 Wally predicts a fall and then the price rises 0.65%.

[wallywoo] 17/9/2021 09:52

Despite reams and reams of ramping posts, the share price slips down on another good day for the market.


Support now broken, next stop 100p.


Keep it up guys, you are fooling no one!!


(-£262m tangible net assets), by far the worst capitalised builder on the market (all the others are >+£150m). IMO not enough to make any cash and much worse levels than after the last cash raise (it was -£116m then).

I would urge any potential investors to compare March 2018 balance sheet and the latest. See how much weaker it is now, and ask yourself if they made no cash then why will they now?

[kierculpa] 16/9/2021 19:56

What motivates people to post here multiple times each day when they have no intention of investing in kie?