Kier Share Discussion Threads

[bathboy2] 12/6/2022 20:33

To my understanding, the current pension scheme is in surplus, But the old final salary scheme is in serious deficit, and that where most of the staff who joined kiers from the likes of May Gurney are, and a large of kier staff still are

[zicopele] 12/6/2022 19:37

Everything bad has come true. Kier is currently trading at a price below its most recent rights issue.

Mind you, Kier has form for trading below all its rights issues.and there have been so many. I expect a fall to 55p quite soon. Value destruction is almost complete.

I wonder how bad things have to get before Steddy admits he got it badly wrong. Not only have investors lost money on their original investment but they eagerly and enthusiastically invested new clean money in order to lose yet more money on the latest rights issue which has proved to be another rinsing.

Kier has been and still is a disaster. The telecoms contracts will only confirm this.

[stdyeddy] 12/6/2022 19:00

You really are a snide little snake aren't you sicko? Or perhaps you've had a little warning about libel? Just a small sample of your work -- snide little comments and outright lies all replaced with a fullstop:

zicopele - 13 Jul 2021 - 10:28:58 - 22516 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 10:01:19 - 22514 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 09:12:25 - 22512 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 08:50:49 - 22509 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 08:43:36 - 22506 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 08:32:45 - 22503 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 08:24:01 - 22499 of 23612 Kier Group 2005 - The Building Business - KIE
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zicopele - 13 Jul 2021 - 08:18:10 - 22497 of 23612 Kier Group 2005 - The Building Business - KIE
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[stdyeddy] 12/6/2022 18:57

Keep saying it sicko and maybe it'll come true. Fact is though, you've been predicting doom here for the last two years and everything you've claimed has been wrong. You said they couldn't sell Kier Living -- wrong. You said Kier couldn't raise cash from a rights issue -- wrong. You've been wrong about so many things that you started deleting all of your posts and replacing them with a full stop. And as for bidding low -- also incorrect; Kier has walked away from many contracts over the last two years in order to maintain profitability. That massive Marylebone contract is a good example, where another firm underbid Kier, and Kier let the contract go, only for the customer to come back to Kier when the rival bidder's plans didn't stack up.

The reality is that Kier has raised the money it needed and is outperforming all of its peers in winning work and increasing its profit margin on each of the last four reporting periods. The pensions are in surplus. The new management team bought into the last rights issue with a very significant personal investment and Davies has share price increases as a performance target. Net debt at year end will be very small, although like everyone, I will be keen to see that it is definitely heading in the right direction and that the period of 'exceptionals' has finally come to an end.

This company consistently paid out over £50m in dividends annually up until 2018 and has committed to paying out a third of profits as dividends as soon as the business is on a sound footing. Davies put out a comprehensive description of Kier's inflation management strategy quite recently and claims that the business continues to trade profitably even in the current environment. We are just 18 days away from year-end and will get up an update on the full-year outcome probably next month. The market is very naturally pessimistic because Kier has not yet shown that it has fully recovered from the last management team's ineptitude, so when the numbers come, we could be in for a big reappraisal.

What is crucially important for this share though is its ability to win government-funded work. It looks as though we are about to enter another recession and Kier's shareprice is already on the floor, but when the market sees that Kier is one of the few businesses which will continue to make profits from government-backed projects, while consumer dependent businesses go broke, I think we will see strong interest in the shares. Others here can ramp other shares and whinge and whine about Kier as much as they like, but the fundamentals will prove Kier's worth in just a few weeks.

[zicopele] 12/6/2022 09:52

Winning work is easy. Just bid lower than the opposition and you are three quarters of the way there.

Kier will not generate any cash for the first half because those pesky telecoms contracts are absorbing so much money.

As for Kier winning council contracts, well councils rely on council taxes and those are under pressure.

Never a massive pot of gold on any council work.

[hamhamham1] 12/6/2022 07:39

I am here as I believe they are turning it around, but hey, time will tell. That's investing.

Their May RNS said they are focused now on ensuring all contracts are profitable, as much as you can. And Google their contract wins just in the past week, but again time will tell, it is a small part of my broad portfolio but I am happy with the company's progress to date. Rome wasn't built in a day and all that.

From a May news article:
"Kier stated it had continued to win new, high-quality and profitable work in its markets on terms and at rates that reflect bidding discipline and risk management efforts introduced under its "Performance Excellence" programme."

[bathboy2] 12/6/2022 07:05

Difference is Morgan are cash rich and proven to make profits and pay dividends, where are kier on this??

[hamhamham1] 12/6/2022 06:57

Morgan and Kier way out ahead of the rest on number of projects won last year.

[zicopele] 11/6/2022 09:11

Bad day at the office for Kier. Breaking through support.and looking quite precarious.

Cash generation will be zero for this half.

[stutes] 10/6/2022 15:39

hxxps://www.cityam.com/andrew-bailey-confusion-over-inflation-worrisome-precedent-for-policy-making/
The Governor should be sacked, he's lost the confidence of consumers, businesses and the market. To keep him in post could cause a loss of confidence which means a fallout for sectors like construction.

[hamhamham1] 10/6/2022 13:40

I am retiring from posting for today :)

[hamhamham1] 10/6/2022 13:39

Sorry, one more, am sure others posted prob?

[hamhamham1] 10/6/2022 13:28

Wally, time will tell and neither of us know, you don't want to buy in here and I do (and have).
That's personal choice and it could be that some of your investments I don't agree with, but life's too short for me to spend time on shares which I have no interested in.
I hope your investments do well, and I hope mine also do well.
It's just there are some posters who purely post hundreds or thousands of posts on one board e.g. here on Kier, it's odd, often it's because they lost on the share and bitter, a few are short and some just plain like an argument. (But they never say why they are so driven).

[hamhamham1] 10/6/2022 13:23

Did anyone post this, probably I guess?

[hamhamham1] 10/6/2022 13:22

Well thats a risk I'm willing to take as part of a broad portfolio.
It's not like I'm buying at 500p, 400p, 300p, 200p or even 100p.
There come a point when this moves up IMO, they are tackling debt and processes. It will now take 2 or 3 yrs to flow through into the share price.
There are many more fragile companies out there at near record highs and have far less long term steady income than here.
But that's investing, I bought some in FCH recently and they down 10% but bought some in ONT and they up 20%, all bought for medium terms so daily ups and downs aren't really worth pointing out, it's about choosing the entry point and holding for me, I never manage to call the bottom but if I can get in within 20-30% of the lows then am happy.

[wallywoo] 10/6/2022 12:52

To be fair Ham, Kier's share price is at a 12 month low and a key support level. There's no reversal patterns currently, so if this level breaks the shares are likely to test lows again. On the non technical side, Kier are just a few weeks away from year end. After 6 years of disappointing results and issuing 800 percent more shares in that time. Any bad news will hit the shares badly. There's standing up for a share then there's outright ignoring all the facts that are likely to send it lower.

[hamhamham1] 10/6/2022 12:14

Am here for capital growth, not income.
Time will tell.

And bathboy, absolutely every post you have made has been anti-Kier, that's dedication, must have been burnt badly.

It's easy to bad mouth shares, it's harder to pick and back shares.

[bathboy2] 10/6/2022 11:50

Don't see you will be seeing any income soon, from kier, and they've said as much, if the, work in progress, which has to be re-evaluated falls the wrong side of the line, then the share will take a hammering

[hamhamham1] 10/6/2022 08:47

But it is fair to say my portfolio goes up 2% one day, then have 3 days of down 1%.
So slowly lowering, but hey, I am not a trader and have picked most all with good steady income to get through this. Time will tell, GLA.

[hamhamham1] 10/6/2022 07:33

Wally, funny enough RBS (NWG) is my largest holding, level with LLOY.
Banks are so much more solid nowadays, look at their CET1 ratios.
NWG are slowly buying back the gov shares and when they do they are removing them from circulation each time.
So with the gov recently owning say 65%, that meant there will be only a third of the share around, so triple share price to keep same market cap ;)
Down to sub 50% gov stake now.

So my target for NWG in 5 yrs is approaching 1000p, allowing for remaining gov shares removal and a market cap increase to say 50bn.

Or 450p area with just removing gov stake.
But if it's making 5bn a year then 50bn mc will be hit soon after IMO.

Lloyds are doing similar share buybacks, but from open market, both are long term holds, not even just medium.

But hey, what do I know, just saying where I'm invested. My money, my risk.

[stdyeddy] 09/6/2022 00:59

Another big contract win for our favourite construction firm:



Kier has won a highways maintenance contract worth up to £420m.

The contract, awarded by North Northamptonshire Council, is worth £30m a year. It is due to run for at least seven years, with the option of being extended for up to 14 years.

[wallywoo] 08/6/2022 18:45

Ah but you can't just keep money printing that just leads to collapse (which is now inevitable imo). Just look at Venezuela and Argentina for a run down into what will happen to many central banks and currencies over the next few years (current deposit interest rates of 36 /37 percent). Now is about surviving the storm to come. The financial sector will be flattened.

I remember the RBS share price in 2008/9 went from 5500 to 150p, there were lots of believers like you along that journey. But it just continued to get worse.

[hamhamham1] 08/6/2022 18:21

If there is the myths of all squeezes, the central banks will just turn the taps on, again, it's a hard habit to br4qk now the template has been proven a couple of times in past 10-13 yrs.
Not ideal, but hey.