Kier Share Discussion Threads

[zicopele] 08/6/2022 16:51

I hear those Telecom contracts are causing a real headache. Massive overstatement of WIP. Management is in a real pickle as these contracts were undertaken by the new team and cannot be blamed on Haydn and his gang.

This will be exposed as a real issue in twelve months time. Guys, it really is bad.

I strongly advise you to sell and take first loss. First loss is best loss.

[wallywoo] 08/6/2022 16:35

This sector is interesting from a accounting standards point of view. How can a company who stated a £55m profit go bust 4 months later (Carillion). I defy anyone to read those accounts and not be bottom fishing tempted (if they didn't know the outcome that is).


So you have to ask yourself what are the parameters for success in this sector. How do you know the good from the bad- obviously profit and supposed margins can be manipulated.


The answer is in cash generation of course and tangible net assets. If they keep requiring more money and their net assets are much larger than (-£150m). Steer Well clear. Kier fail both those tests and have a narrow time span in which to change them.

Ham, fch; personally won't touch any money lenders. I just believe there will be another credit crunch sometime soon. The financial system is held together with sticky back plastic requiring tiny deposit interest rates to survive. How long can that go on for with high inflation, without something crashing?? I have my defensive stocks to survive this, but the ftse 350 and general market still due a big correction imo.

[bathboy2] 08/6/2022 15:48

Gallifords don't seem to have the same forced on them, i understand that their is a new tzar from the government, looking at all government contractors, especially tier 1

[bathboy2] 08/6/2022 15:35

Is there trouble ahead, as kier /pwc have to re-assess contracts in hand, for 2022 /23, year to satisfy the FRC, that could be a banana skin, if overstated

[stutes] 08/6/2022 15:15

How many of k's Boatd held accountancy qualifications, so why didn't the problem revenue recognition flag up sooner?

[stutes] 08/6/2022 15:01

Kier is described as a big supplier to HMG - being reliant upon one customers that customer can exert too much power over K?

[hamhamham1] 07/6/2022 15:57

Wally, have a check into Funding Circle, FCH, read through their 10th March final results RNS, I like the model, their AI interface using other lenders money and take a commission (ie should negate any worries about bad debtors), after 10 yrs of tech investment, might be about to pay off, but hey, I have been known to invest in some exotics ;)
But picking stocks in this environment, bar oil companies, seems hard work.

[stutes] 07/6/2022 08:17

hxxps://www.constructionenquirer.com/2022/06/07/pwc-fined-over-kier-and-galliford-try-audits/

PWC audits of K found wanting but what about former directors facing an investigation?

[hamhamham1] 06/6/2022 15:05

Will check them out, my sim risk ones are CPI and BOO, mostly got boring stuff but nice to dabble in some turnaround stories, well hopefully, anyway good luck ;)

[wallywoo] 06/6/2022 13:06

Lol good luck with that Ham. Sfor and Kier are very very different beasts. Sfor is growing revenue at 40% - 100%+ a year, Kier has shrunk revenue for the last 4 years to start off with.


Imo Sfor is on the sidelines until they can demonstrate growth without losing cash. Kier is stay clear at all costs and a accident waiting to happen. Whenever they have any cash suppliers, pension fund, debt holders are waiting with hands out. Shareholders are bottom of the queue.

My high risk cheap buys are the legal sector kgh and Ince. Now they really are cheap with good prospects to recover imo.

[hamhamham1] 06/6/2022 09:15

I see both Kier and S4 Cap having a 3x to 4x potential return over next 2-3 yrs.
Time will tell.
But there are bargains out there for the brave I believe.

[hamhamham1] 06/6/2022 09:13

Wally, I have taken note though of SFOR, checked them out over the weekend and decided to buy in today.
I bought 6k of them, 2 x 2k and 2 x 1k buys across regular and isa accounts.
Av about 281/2p

[wallywoo] 06/6/2022 09:07

A company that issued 800% more shares in 6 years and has 6 years of very poor results don't just go back to their high point.Much Much more likely is that they are still losing cash (as clearly shown in H1 and 6 years accounts before), and will need to issue more shares or go bust in 12 /18 months.

[hamhamham1] 06/6/2022 08:42

Anyway, enjoy your day, keep that furrowed brow and nil by smile!

[hamhamham1] 06/6/2022 08:39

Why make up figures, just makes you look a fool.

[hamhamham1] 06/6/2022 08:37

Wally, you trying too hard, you must have lost a packet here to be so angry.
Its already been said the previous market cap was over £1.2bn, you initially said £0.8bn, now you say £1bn - you getting there, slowly).
So to get back to that market cap, would be around 250p a share.
I believe they will get back there.
Be honest what happened to you here, how much did you lose?

[bathboy2] 06/6/2022 06:52

Do you mean totally clear profit, after all kiers exceptionals.

[stdyeddy] 05/6/2022 17:22

More lies as usual from wolly pants-on-fire poo -- Kier's market cap in July 2017 was £1.235bn. Today it is £350m. Three times today's price would be a mere £1bn and still 20% below that earlier price. Easily achievable once Davies and his team can show £100m in clear profit.

[bathboy2] 05/6/2022 10:55

Kier have lost 33% in the last 6m, so not flying either, keep it balanced

[petersw1] 04/6/2022 22:55

“wally, you unhappy holder most places, you need to stop moaning and put your money where your mouth is.“

He’d be bankrupt if he did that.

[bathboy2] 04/6/2022 19:27

How can a story about losing work for kier, be positive, if they get a reputation for ripping off councils,

[hamhamham1] 04/6/2022 18:59

SFOR share price lost approaching 30% since their latest update 4 weeks ago.
What does that say?

[hamhamham1] 04/6/2022 15:54

My only worry is that Kier will try and make too much profit (oh the irony of it)...