Kier Share Discussion Threads

[bathboy2] 31/1/2022 10:15

As a watcher of construction, and with knowledge of the south of the UK, the woes of Midas have not been good for approximately 3 years and have got really bad in the last 8 months, the whole of construction is broken, with pricing work, especially in the current marketplace, unfortunately no firms are immune. I wouldn't be surprised if Bovis/vistry don't come for midas as their CEO is an ex midas employee, and they have 3 slots on apparently very good framework. Note a lot of the private housebuilders are also now taking on framework/social housing contracts, as this can future proof them if a downturn/the R word

[stutes] 31/1/2022 09:25

If you look at UK economy, we have high inflation, energy bills going up, higher taxation and BoE playing catchup. The squeeze, if badly managed, could result in fewer homes being constructed, higher unemployment, less taxation recovered by HMRC , resulting in HMG cutting back on its capital spending.

[stutes] 28/1/2022 09:14

The Construction Enquirer reports on a contractor facing problems dealing with: labour and material shortages, inflation, Covid19, Brexit affecting marg.

All the above must be affecting other firms?

[stutes] 26/1/2022 07:57

hxxps://www.constructionenquirer.com/2022/01/26/forterra-hikes-brick-prices-by-10-with-more-rises-to-come/

Hiking prices by 10% + with promise of more hikes to come can only deter new building work ?

[stutes] 25/1/2022 13:59

hxxps://www.thetimes.co.uk/article/cb56ddfa-7d58-11ec-88b2-379fadbe2490?shareToken=6fc715b4bb0081ebdfb60acc8b642a7a

Will this mean developers seeking more warranties from construction firms and the latter bring forced to absorb cost and risk? Even if you build with approved materials the new rule is cost of remedial work is down to owners/developers and builders. The situation cannot be construction firms bearing the risk or cost if materials are found wanting.

[stutes] 25/1/2022 12:25

[...]

Hopefully KL was sold with cladding legacy left with the buyer?

[stutes] 24/1/2022 15:24

City looks as if it intent on marking K below 100p?

[stutes] 24/1/2022 13:07

The next two weeks BoE and Fed Reserve are meeting to set their respective interesr rate. Firms with debt are going to feel it with higher bank cost.

It might pay for K to do another rights issue rather than pay too much out in interest payments?

[stutes] 24/1/2022 11:43

hxxps://www.constructionenquirer.com/2022/01/23/gove-threatens-ban-on-cladding-suppliers-failing-to-pay-for-retrofits/

I think those who misled the customer over the specification of cladding should pay in full for their actions. Similarly the energy firms that collapsed- shareholders; farmers should be independent rather than on grants from taxpayers.

How many construction firms go bust and are not bailed out by HMG? This Government needs to apply one rule - no farm grants, no bailouts, subject to proven misrepresentation, remedial cost stays with the firms and not the industry in general

[propdeveloper] 21/1/2022 12:35

I think £50 on top of a tonne of steel isn't too bad, when I consider steel prices TRIPLED between Oct 2020 and Oct 2021.

Considering businesses don't have the energy price cap, and the price per therm is still very high (185 when I just looked against a 5 year average of 50) and steel needs a LOT of energy, it doesn't seem so bile creating as the previous hikes that were all demand/supply driven.

[stutes] 21/1/2022 08:32

hxxps://www.constructionenquirer.com/2022/01/21/structural-steel-price-jumps-another-50-a-tonne/

Another hike for contractors and clients to pay. I do wonder if the hikes are really justified.

[zicopele] 20/1/2022 20:36

Glad to keep you amused guys.

[stdyeddy] 20/1/2022 19:18

Wow. Caught and bowled sicko. I wonder if advfn have considered banning you. They really should.

[petersw1] 20/1/2022 18:56

Zico, what of what I wrote do you find to be a misrepresentation?
If you need help remembering what your posts edited to "." were before you edited them then I'd imagine ADVFN would be able to help with that, if there were any significant legal reason.

[zicopele] 20/1/2022 17:10

Peter,

Can you please remove the scurrilous misrepresentation of my comment?

[stdyeddy] 20/1/2022 17:04

Thanks for the explanation on 04/20 too. Basically it says, pay suppliers quickly, which is why they've maintained the 34 avg payment period (which is very quick by construction standards).

Anyway, given that most businesses have been crushed by covid and its outcomes like inflation and labour shortages, Kier seems to be doing well. Davies traditionally immediately broadcasts any bad news, so things look good, especially considering the circumstances. Looking fwd to seeing the full numbers. Also, I'd like to hear more about Tilbury Douglas, but it looks as though we'll have to rely on skynews for that.

Last time, from memory, I think they were about two weeks ahead of the official news. I look fwd to hearing about a mostly all-share deal or no deal.

[stdyeddy] 20/1/2022 16:56

He's very bitter peter. I think we eventually decided that sicko was a disturbed former Kier middle manager who'd been sacked for something embarrassing. He used to have an obsession with posting on here, and as you've said, writing libellous nonsense and then deleting it a couple of days later. Evidently his mental illness has not abated.

Hi sicko!! How's the security hut these days?

[petersw1] 20/1/2022 16:05

Hi Zico, I know you sometimes accidentally lose your old posts so I'll help keep this one around for you:
I would not like to think you were ashamed of posting potentially illegal content now would I?

To anyone passing by Zico, has repeatedly posted and edited away such claims on here on a regular basis.
If what he is posting is true then he is privy to insider information that should be disclosed in the correct way. If it is not true then it is a malicious attempt to manipulate the market.

[imastu pidgitaswell] 20/1/2022 15:57

wally - the numbers I used were the average net debt at:


31st December 2020:


"Net debt at 31 December 2020 of GBP354m (FY20: GBP310m), average month-end net debt stable at GBP436m (FY20: GBP436m)"

and

31st December 2021 - see today's RNS.

"Kier Group plc ("Kier" or "the Group"), a leading infrastructure services and construction group issues a trading update for the six months ended 31 December 2021"


They were the numbers as at the half year stage - but they are 12 months apart and therefore comparable in terms of working capital cycles.

[nomdeplume] 20/1/2022 15:47

Dropped in to see what the new normal looks like, and guess what? It looks like the same old normal to me.

[wallywoo] 20/1/2022 15:32

Good post imastu, one comment.


The current balance sheet is nearly 7 months old now (June 21), not end December as you suggest.


As usual, other than saying that there's a cash outflow there has been little real information on how much.


With a acquisition likely in the next few weeks, and more builders than ever running into trouble. This remains a daft investment which is highly unlikely to pay a dividend any time soon. And don't forget the ftse 350 is nearly at a all time high. The market is due a correction imo.

[petersw1] 20/1/2022 14:44

This is the 04/20 thing: