Kier Share Discussion Threads

[petersw1] 15/10/2021 12:21

Annual Report 2021 out today:

[petersw1] 14/10/2021 18:25

Thanks for the pointer to the Barratt update stdyeddy. Seems that well ran companies with scale can navigate the current supply chain challenges.

[stdyeddy] 14/10/2021 17:03

ontheforks; bathboy is wolly. A boring troll. wolly has no position here but his feelings are irretrievably hurt because he has been completely humiliated on this board. Whenever Kier ticks down, wolly will get excited, hoping the share price will keep going.

Interesting update from Barratt yesterday; despite the ongoing talk of inflated materials costs, Barratt, like other housebuilders, have continued to make good profits and maintain turnover. I suspect Kier is managing the same.

[tnt99] 14/10/2021 10:18

With all the new contracts HS2 work main competitor gone bust the future to me looks rosy for kier bought in at 40p so this is going to be a renewed kier going forward under the stewardship of the the new boss and expect the margins will be steadily increased due to demandCosts are the only thing that might hold them back a little

[imastu pidgitaswell] 14/10/2021 08:47

It's not directly comparable, but Costain did go up some 150% in short order last April, then had the placement, then drifted down to 30p and then doubled - and farted around that level ever since, over the past 12 months.

There was some money to be made.

In terms of KIE, the short term drivers are not there, but up the thick end of 300% isn't too bad for the moment. As per the numbers around the time of the results, I have it on a forward earnings ratio of around 5, depending on what tax rate you used.

Pretty cheap, I would say.

[bathboy2] 14/10/2021 08:40

Calm down, you obviously like giving, but can't take, you should never let anyone like Wally get under your skin, no one knows his position, but he is possibly right on this one, that kier is going to roll back to a level, like costain have, and will bumble around at level for years, the only thing that can drive the share fully forward is some real figures or a possible takeover, still no sign of a dividend, that could be years away also

[ontheforks] 14/10/2021 08:14

Nocredwoo seeing as you've resorted to calling me an idiot for showing you up for what you are I take it you like your keyboard warrior life but here's the thing one day someone like me will catch up with warriors like yourself and you will learn a very painful lesson if you survive.... Good luck longs 👍🏻

[petersw1] 14/10/2021 00:35

Wally, my point is that despite all you dire warnings many people have made money investing in Kier across the period that you have been warning them not to.

I'm glad you now accept that buying on the day you arrived here and holding would be an in profit position, despite your earlier misleading rebuttal.
Anyone buying when you were boasting about being short would be sitting on a very decent profit.

Going forward I think how winter plays out will be interesting. Feels like the market is a bit unsure about many areas. Wouldn't surprise me if it has moments of worrying even more. Makes it tempted to sell and hope for a chance to buy back at a lower price, but I won't currently as I feel Kier is already undervalued and I'm not keen on trying to time the bottom.

[zicopele] 13/10/2021 16:27

That is a bit weird. Haven't been on for a while. Last time I looked in, Steddy was suggesting some unusual share activity circa 123p and hinted that a bid was in the offing.

Today we are 113p and falling. Strange indeed. I thought bid targets tended to rise.

Any thoughts guys?

[petersw1] 13/10/2021 15:48

Hmm, the adjustment used on the tradingview.com and ft charts does seem off. I make it more divide by 1.086 to adjust the old prices, or 1.121 if you got both the full open offer and full excess shares (like HL gave me).
Tradingview seems to divide by 1.169.

Still somewhere between 14% and 17% profit depending on how much excess entitlement you got. That is based on the close price of 108p on the day you started posting here and current price of ~113.5.

[wallywoo] 13/10/2021 15:12

No if you owned 1000 shares at 120p then. Bgt 87 (roughly 7 for 8 equity issue) at 85p. You would be;Cost 1.20 X 1000 = £1200870 X 0.85= 739.50 extraSo you would of had to find £739.50 extra money in June and your shares today would be worth:So your original money would of been held for 3 years and be worth;1000 X 1.13 = £1130 (£70 less)If you manage to find extra money for Kier equity issue in June and sell quickly before they fall again, you would make;0.28 X 870= £ 243.60 profitAll the rest of the time your investment would be in loss. So you are saying Sell quickly now before you lose this profit??? I heartily agree!So you think that buying strapped for cash companies that are likely to issue equity all the time (and sell assets) is good because you have a brief period where the share price doesn't fall after??

[petersw1] 13/10/2021 14:31

Wrong, if you'd bought the day you started posting here, took up the full open offer rights, then sold today you'd have made 22.8% profit. ((113.5 - 92.4)/92.4)*100

You are clearly lacking even the most basic understanding of what has happened here in all the time you have been posting.

[wallywoo] 13/10/2021 14:18

What are you talking about Peter. If you held these shares from then, you would of received nothing, forked out 80 percent more money for new shares. What you actually own is much less because their assets have fallen massively


That's not a investment. It's a charity. You can keep gifting money to these clowns but don't critique Pi's who point out the scam it is.

[petersw1] 13/10/2021 14:01

Your first post here was "wallywoo - 17 Jun 2019 - 09:02:36 - 2986 of 23093"
The rebased price then, taking into account the effective split from the open offer, was 92.4 according to tradingview.com.

[wallywoo] 13/10/2021 13:53

I actually told everyone to sell in June 2019, when the share price was 120, and before they had to fork out an awful lot on new shares.


Today Kier are the same money pit. They have another bail out, which will be spent over the next year or two. When the market wakes up to that the share price will fall quickly.


Good investments pay a return, don't dilute with lots of new shares. They invest in assets and the business.


Poor investments shrink their tangible assets each year, issue lots more shares to survive, and sell off assets to pay bills.

[petersw1] 13/10/2021 13:38

Says the poster who told everyone to sell back when it was below 50p.

[wallywoo] 13/10/2021 12:52

Yawn yawn yawn, Stdy. You are not still going on about Kier's miraculous ability to take shareholders money every few years, so they can survive a little longer??


I have admitted, I was surprised that shareholders bailed out Kier again. That still doesn't mean they are anything but a terrible investment and a money pit.


If I was to bang on about every time you said the share price was going higher over the last 2.5 years, we would be here all day and week!!!


This is a poor investment, honeymoon period is over, be very careful now, with the huge amount of shares in issue it can fall very quickly!!

[stdyeddy] 13/10/2021 11:13

wolly, since you have been proven to be a fraud and a liar on here, it's very difficult for anyone to take you seriously. As for Kier's 'tangible assets', they were somewhat less than tangible and written down by Davies again and again. You are distorting the truth. Why do you bother? The shareprice has ticked down; so what? It will tick up and continue ticking up as we approach the next report.

YOU have been completely wrong about Kier for over a year now AND you still haven't given us the apology you promised. You said you would apologise for being wrong about Kier if the share price went past £1. It's been well over £1 for ages now and despite being reminded dozens of time, you STILL HAVE NOT KEPT YOUR WORD. If you want to be taken seriously, show that you can live up to your promises and apologise now.

[wallywoo] 13/10/2021 09:29

Kier's share price on August 25th - 134p, today 114pFTSE on August 25th 7100, today it's 7100I rest my case!!! Idiot!

[ontheforks] 13/10/2021 09:12

Hahaha just proved my point nocredwoo so all markets and shares are down but kier share price is due to the company Hahaha priceless you only pipe up when price goes down never up good luck longs 👍🏻 don't let nocredwoo persuade you to sell make your own decisions

[wallywoo] 13/10/2021 08:30

Forks, Kier have had to raise £491m in the last 3 years from shareholders (£250m in the first equity issue, £241m in the second). Since the market cap today is only £513m only £22m (513-491) of the pre December 18 equity is leftover!!


That's the only reason your company still survive. I have been spot on correct that Kier are a money pit. I was wrong that Kier were able to beg for more money so soon after the last issue.


Over the last few months they have been in a post equity issue honeymoon. That now has ended, and the share price has dropped. The balance sheet is much worse off than after the last equity issue (tangible net assets were -£116m then and -£265m now).


Therefore the chance of the company recovering is much smaller. It is only fair to point out the facts, for Pi's less blinkered than you.

[ontheforks] 13/10/2021 07:39

I see you and steve72 are back with your doom and gloom waldo surely by now you must realise you have no credibility on either forum I myself thought the share price was stable at around £1.20 but unfortunately the ftse100/250 had other ideas and nearly all shares across the board dropped yet you and your team jumped in with both feet proclaimed the sky above kier was falling in and started making up your own stories just like main stream media which tells me and a lot of others you have an agenda here and it certainly isn't an objective opinion as you claim if you're so confident in your opinion open a massive short today good luck longs 👍🏻

[wallywoo] 12/10/2021 14:31

Lol, only on Kier's unaudited babble did they say they made a profit.


The audited p&l shows a £29.7m loss.


That's another problem with Kier for years now they have been saying they are making a fortune. But the actual figures say otherwise. I loved the statements they made 12 months before the first equity issue when they said profits would double digits increase!!! Did you help them with that stuff Stdy? - sounds right up your street!!


Very peculiar, almost fraud IMO. Certainly not a investment!!

[stdyeddy] 12/10/2021 11:58

Yeah, whatever you say wolly. Kier has net cash (ie no net debt), is leading the sector on contract wins and has increased margin progressively over the last four reporting periods and turned a profit in the last report for the first time in two years. But you think it's all terrible. Fine.