Kier Share Discussion Threads

[gettingrichslow] 28/5/2019 18:04

This is strictly for lemmings only, this company is in big trouble in a troubled sector. I'd rather buy a big bottle of snake oil than this.

[ltcm1] 28/5/2019 17:26

Well one way around reducing your payment times is to have people invoice you say 10 days after you have received the goods.

This creates another problem in that goods received could be incorporated into WIP on the balance sheet ie an asset, yet the corresponding money owed won't appear on the accounts atall at a half year date say.

Obviously I hope this isn't the case but you could see how the pressure to alleviate one problem can create another.

The shares now need to rise 50% just to get back to the Rights Issue price of 400.

The other thing is that Joint Venture partners must be starting to get nervous.

[gairich] 28/5/2019 16:43

This just keeps getting better and better, its definitely an investment for dunderheed's

[porsche1945] 28/5/2019 15:31

these are a gonna, 1.20 next stop, you muppets still averaging down haha

[montyhedge] 28/5/2019 15:07

Those fund managers who took stock in the placing must be under pressure, how do you explain this in your monthly meeting, why you are still holding this.

[minerve 2] 28/5/2019 14:41

Payment days are reduced and so is the need for reverse factoring since the rights issue.

[jonwig] 28/5/2019 14:38

@ mrfixituk - re Kier being a late payer, I've lifted this from the recent (23/05) article in IC:

Ostensible borrowing from banks to pay suppliers earlier than the standard payment term is classified in the balance sheet under 'trade and other payables' – a working capital item rather than debt. With 60 per cent of subcontractors using the early payment scheme, the amount of supply-chain finance has been increasing – it was £201m in December, up from £175m a year earlier.

I suspect that HMG's willingness to award contracts is tied to a commitment to pay bills early. So Kier probably isn't a late payer at present. But, in effect if not in accounting terms, it is borrowing more to achieve that. So not great, either way. IC's recommendation was SELL, at ~312p. I wouldn't argue against that.

[Incidentally, in the '80s "Mr Fixit" was, of course, Jimmy Savile. Not really a judicious handle to choose.]

[mrfixituk] 28/5/2019 14:10

Kier one of the worst late invoice payers! Combined with a creaky balance sheet, 6 month low, poor reviews and sector stagnation. Big crash coming?

[brexitplus] 28/5/2019 11:27

ltcm1

GKN, before its acquisition by Melrose, was doing precisely this to improve its year end accounts.

Builders are well known for moving items across the financial year end for the same reason.

[ltcm1] 28/5/2019 11:23

Ofcourse in building it is possible to have suppliers deliver you goods and then invoice you in x number of days. Which could or could not overlap with the end of accounting periods.

I'm not suggesting for a moment this goes on at Kier but there does seem to be a very fundamental question being asked about profits at this company.

[brexitplus] 28/5/2019 11:10

ltcm1

Futureproofing existed before the recent problems but surely financial difficulties must have been apparent to the top management. Slow payment to suppliers and infighting between commercial and project managers are a bad sign. I fully expect a release regarding finances before the review in July.

[ltcm1] 28/5/2019 10:05

Anyone here think Kier's 'Futureproofing' is simply a euphenism for a jaw dropping mind boggling cash infusion???

[ltcm1] 28/5/2019 08:45

This person "johnwig" is himself an inpersonation of highly respected poster and author of the WPCT thread jonwig.

I suggest you make your owns up about an individual who seeks to confuse and manipulate.

[johnwig] 27/5/2019 12:23

This thread is basically "Minerve" versus the "shareprophets" (six nicknames = 1 real person). So the debate is likely to be entirely bogus. LOL.

God knows what the scoundrels are up to! It won't be good for the honest shareholders on this thread, I promise. They are trying to mislead you, for certain.

[gettingrichslow] 26/5/2019 13:16

It's not my bonus Minny. That's a different payment. This is the LTIP from the last 3 years and reflects all my hard work on golf courses and in airport bars in particular. It's tough out here in the working world Minny! I've got to squeeze in a cricket match and a corporate golf day next week!

[gettingrichslow] 26/5/2019 11:43

"I could lose all my investment money here and still finish up making more money than you this calendar year."

That is highly unlikely given that you think anyone earning over £100k per year is on a 'huge salary'!

And I'm about to pick up my LTIP in a couple of weeks time Porky and it's a very nice one!

[ltcm1] 26/5/2019 10:54

Minerve gettingrichslow is bang on, my musings were not directed at you as such, just trying to counter the 'it looks cheap' brigade.

I very nearly bought these at 900 some time ago on an IC tip after they fell from 1800.

The point is if you ignore the chart and base everything on your own research you still need a stop loss.

It was more directed at ShareholderGray. When you see someone post analyst buy notes, 'time to average down', THIS WON'T GO BUST, etc etc, it is worrying because the facts are this share has been on a downward spiral for years and years. and all in a very benign economic environment.

I'd hate to see how Kier performs in a slowdown!

[brexitplus] 26/5/2019 10:26

Interesting technical analysis of Kier on TradingView.com. Most indicators showing a SELL with a few neutral. Buys mainly missing.

I still wonder what the support level is.

[gettingrichslow] 26/5/2019 00:02

I actually suspect Minerve probably has wet his pants the way he's reacting! I mean, why would he think Ltcm1 is talking directly to him when he is just making a general set of points? I think most of what Ltcm1 said was probably accurate. Zicopele has been right on this for over six months now. The only person who seems to be getting it all wrong again is you know who! Almost as bad as Woodford over the last year!!

[hsduk101] 25/5/2019 21:43

Sorry yes typing on my phone ceo