Share Name Share Symbol Market Type Share ISIN Share Description
Kier Group Plc LSE:KIE London Ordinary Share GB0004915632 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.20 -2.4% 89.60 1,252,132 16:35:21
Bid Price Offer Price High Price Low Price Open Price
89.25 89.95 94.00 87.65 94.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 4,239.60 106.20 89.80 1.0 203
Last Trade Time Trade Type Trade Size Trade Price Currency
17:18:06 O 3,188 89.153 GBX

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Date Time Title Posts
21/11/201922:59Kier Group 2005 - The Building Business10,939
31/10/201921:27*** Kier Group ***53
09/12/201319:14KIE - Undervalued?110
14/8/200612:04Kier Group Shorting Thread55
05/1/200509:02KIER GROUP outstanding growth company72

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Kier (KIE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-11-21 17:19:2489.153,1882,842.20O
2019-11-21 17:17:1989.264,3193,855.18O
2019-11-21 17:16:0991.905,9085,429.39O
2019-11-21 17:15:1289.602,7102,428.05O
2019-11-21 17:08:3989.1610896.29O
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Kier (KIE) Top Chat Posts

DateSubject
21/11/2019
08:20
Kier Daily Update: Kier Group Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker KIE. The last closing price for Kier was 91.80p.
Kier Group Plc has a 4 week average price of 84.40p and a 12 week average price of 84.40p.
The 1 year high share price is 815p while the 1 year low share price is currently 58.40p.
There are currently 226,674,938 shares in issue and the average daily traded volume is 1,325,205 shares. The market capitalisation of Kier Group Plc is £203,100,744.45.
12/11/2019
15:34
stdyeddy: AN UPDATE IS OVERDUE FROM ANDREW DAVIES to counter the unfounded rumours about Kier's debt, which the hedge funds are successfully promoting through their friendly journalists, including the motelyfool, WHICH HAS BEEN CONSISTENTLY NEGATIVE ON KIER FOR NO GOOD REASON. This article and others, high on hearsay and rumour, NEEDS A RESPONSE FROM KIER to avoid exploitation from shortsellers forcing the share price down: https://www.fool.co.uk/investing/2019/11/11/what-id-do-about-the-kier-group-share-price-after-9-drop/ Knockdown debt According to the claims, HSBC and other lenders have been hawking their debt to hedge funds for as little as 70p per pound, and levels like that heighten bearish fears that Kier Group might go the way of Carillion and its debt turn out to be worthless. And given that lenders come ahead of shareholders in any insolvency proceedings, it’s not really surprising if the City is running away from Kier shares as a result. The trigger for the latest share price downturn Monday appeared to be a downgrade by broker Jeffries, which has dropped its price target to 100p. That was below Friday’s closing price, and the shares dipped as low as 95.2p in response, though as I write, the price has steadied a little at 99p for a 5.4% fall. WE NEED AN UPDATE ON THE OUTCOME OF THE CASH RAISING EFFORTS SO FAR AND REVENUE LEVELS. THE TIMING OF THIS CURRENT DROP FEELS SIMILAR TO THE SHORTERS' EFFORTS ON 31ST JULY, WHICH WAS FOLLOWED IMMEDIATELY BY AN UPDATE FROM KIER WHICH DOUBLED THE SHARE PRICE IN 3 DAYS. I'D LIKE TO SEE KIER REMIND THE MARKET THAT IT HAS THE WHIP HAND IN TERMS OF ITS SHARE PRICE. IF THIS SHARE PRICE CONTINUES DOWNWARD AND THERE IS NO POSITIVE NEWS REGARDING THE RECOVERY STRATEGY, ANDREW DAVIES IS GOING TO HAVE A VERY HARD TIME JUSTIFYING HIS BONUS PLAN AND THE PACKAGE FOR THE NEW FD ON FRIDAY.
12/11/2019
11:15
stdyeddy: AN UPDATE IS OVERDUE FROM ANDREW DAVIES to counter the unfounded rumours about Kier's debt, which the hedge funds are successfully promoting through their friendly journalists, including the motelyfool today, WHICH HAS BEEN CONSISTENTLY NEGATIVE ON KIER FOR NO GOOD REASON. This article and others, high on hearsay and rumour, NEEDS A RESPONSE FROM KIER if the share price is to avoid spiralling down: https://www.fool.co.uk/investing/2019/11/11/what-id-do-about-the-kier-group-share-price-after-9-drop/ Knockdown debt According to the claims, HSBC and other lenders have been hawking their debt to hedge funds for as little as 70p per pound, and levels like that heighten bearish fears that Kier Group might go the way of Carillion and its debt turn out to be worthless. And given that lenders come ahead of shareholders in any insolvency proceedings, it’s not really surprising if the City is running away from Kier shares as a result. The trigger for the latest share price downturn Monday appeared to be a downgrade by broker Jeffries, which has dropped its price target to 100p. That was below Friday’s closing price, and the shares dipped as low as 95.2p in response, though as I write, the price has steadied a little at 99p for a 5.4% fall. WE NEED AN UPDATE ON THE OUTCOME OF THE CASH RAISING EFFORTS SO FAR AND REVENUE LEVELS. THE TIMING OF THIS CURRENT DROP FEELS SIMILAR TO THE SHORTERS' EFFORTS ON 31ST JULY, WHICH WAS FOLLOWED IMMEDIATELY BY AN UPDATE FROM KIER WHICH DOUBLED THE SHARE PRICE IN 3 DAYS. I'D LIKE TO SEE KIER REMIND THE MARKET THAT IT HAS THE WHIP HAND IN TERMS OF ITS SHARE PRICE. IF THIS SHARE PRICE CONTINUES DOWNWARD AND THERE IS NO POSITIVE NEWS REGARDING THE RECOVERY STRATEGY, ANDREW DAVIES IS GOING TO HAVE A VERY HARD TIME JUSTIFYING HIS BONUS PLAN AND THE PACKAGE FOR THE NEW FD ON FRIDAY.
12/11/2019
10:49
stdyeddy: Well, I suppose Davies thinks it's ok because he'll be having a discussion with shareholders tomorrow, but against the background of this drop, it'll be an interesting atmosphere I suspect, in the meeting. BUT AN UPDATE IS OVERDUE FROM ANDREW DAVIES to counter the unfounded rumours about Kier's debt, which the hedge funds are successfully promoting through their friendly journalists, including the motelyfool today, WHICH HAS BEEN CONSISTENTLY NEGATIVE ON KIER FOR NO GOOD REASON. This article and others, high on hearsay and rumour, NEEDS A RESPONSE FROM KIER if the share price is to avoid spiralling down: https://www.fool.co.uk/investing/2019/11/11/what-id-do-about-the-kier-group-share-price-after-9-drop/ Knockdown debt According to the claims, HSBC and other lenders have been hawking their debt to hedge funds for as little as 70p per pound, and levels like that heighten bearish fears that Kier Group might go the way of Carillion and its debt turn out to be worthless. And given that lenders come ahead of shareholders in any insolvency proceedings, it’s not really surprising if the City is running away from Kier shares as a result. The trigger for the latest share price downturn Monday appeared to be a downgrade by broker Jeffries, which has dropped its price target to 100p. That was below Friday’s closing price, and the shares dipped as low as 95.2p in response, though as I write, the price has steadied a little at 99p for a 5.4% fall. WE NEED AN UPDATE ON THE OUTCOME OF THE CASH RAISING EFFORTS SO FAR AND REVENUE LEVELS. THE TIMING OF THIS CURRENT DROP FEELS SIMILAR TO THE SHORTERS' EFFORTS ON 31ST JULY, WHICH WAS FOLLOWED IMMEDIATELY BY AN UPDATE FROM KIER WHICH DOUBLED THE SHARE PRICE IN 3 DAYS. I'D LIKE TO SEE KIER REMIND THE MARKET THAT IT HAS THE WHIP HAND IN TERMS OF ITS SHARE PRICE. IF THIS SHARE PRICE CONTINUES DOWNWARD AND THERE IS NO POSITIVE NEWS REGARDING THE RECOVERY STRATEGY, ANDREW DAVIES IS GOING TO HAVE A VERY HARD TIME JUSTIFYING HIS BONUS PLAN AND THE PACKAGE FOR THE NEW FD ON WEDNESDAY.
11/11/2019
18:27
stdyeddy: IT'S HIGH TIME WE HAD AN UPDATE FROM ANDREW DAVIES to counter the unfounded rumours about Kier's debt, which the hedge funds are successfully promoting through their friendly journalists, including the motelyfool today, WHICH HAS BEEN CONSISTENTLY NEGATIVE ON KIER FOR NO GOOD REASON. This article and others, high on hearsay and rumour, NEEDS A RESPONSE FROM KIER if the share price is to avoid spiralling down: https://www.fool.co.uk/investing/2019/11/11/what-id-do-about-the-kier-group-share-price-after-9-drop/ Knockdown debt According to the claims, HSBC and other lenders have been hawking their debt to hedge funds for as little as 70p per pound, and levels like that heighten bearish fears that Kier Group might go the way of Carillion and its debt turn out to be worthless. And given that lenders come ahead of shareholders in any insolvency proceedings, it’s not really surprising if the City is running away from Kier shares as a result. The trigger for the latest share price downturn Monday appeared to be a downgrade by broker Jeffries, which has dropped its price target to 100p. That was below Friday’s closing price, and the shares dipped as low as 95.2p in response, though as I write, the price has steadied a little at 99p for a 5.4% fall. WE NEED AN UPDATE ON THE OUTCOME OF THE CASH RAISING EFFORTS SO FAR. THE TIMING OF THIS CURRENT DROP FEELS SIMILAR TO THE SHORTERS' EFFORTS ON 31ST JULY, WHICH WAS FOLLOWED IMMEDIATELY BY AN UPDATE FROM KIER WHICH DOUBLED THE SHARE PRICE IN 3 DAYS. I'D LIKE TO SEE KIER REMIND THE MARKET THAT IT HAS THE WHIP HAND IN TERMS OF ITS SHARE PRICE. IF THIS SHARE PRICE CONTINUES DOWNWARD AND THERE IS NO POSITIVE NEWS REGARDING THE RECOVERY STRATEGY, ANDREW DAVIES IS GOING TO HAVE A VERY HARD TIME JUSTIFYING HIS BONUS PLAN AND THE PACKAGE FOR THE NEW FD ON WEDNESDAY.
10/11/2019
08:36
slimchops: Pay revolt set to engulf Government contractor as perks are laid bare - including paying for ex-boss's broadband By WILLIAM TURVILL FOR THE FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:32, 9 November 2019 | UPDATED: 22:32, 9 November 2019 Schools and roads construction giant Kier has admitted to covering its former chief executive’s home broadband bill in a pay report that is set to trigger a shareholder revolt this week. Influential shareholder advisory groups ISS and Glass Lewis have both told investors to vote against approving the executive payments at the key Government contractor’s annual general meeting on Friday. Kier – which has seen its market value fall from around £1 billion to less than £200 million in a year – paid its board a total of £2.1 million in the year to June, when the firm reported losses of £245 million. The total is down from £5.5 million the year before because Kier did not pay any bonuses in 2018-19. But Kier’s annual report reveals that Haydn Mursell – ousted as chief executive in January after a bungled share sale – still took home £423,000, down from £1.5 million the previous year. The firm admitted that his package included the cost of a broadband subscription for his personal residence. The cost made up part of £7,000 paid to Mursell in ‘taxable benefits’, which would also include private health insurance and company car use. Kier was only forced to disclose the broadband perk because it continued to pay it to the end of June – five months after Mursell had left the firm. Previously the broadband payment was not disclosed because it was considered a ‘business expense’. ISS’s concerns ahead of the AGM centre on the long-term bonuses available to Kier’s new top team. In a report to investors, ISS has recommended a vote against the pay policy because Mursell’s successor, Andrew Davies, could be paid a long-term bonus of up to 175 per cent of his salary – which could equal more than £1 million. Glass Lewis has come out against Kier’s executive pay because its new chief financial officer, Simon Kesterton, has a salary of £475,000, which is 18 per cent higher than that of his predecessor Bev Dew. Glass Lewis said the firm had not provided a ‘compelling rationale’ for this increase. The potential AGM showdown comes at a tough time for Kier, which is one of the UK’s largest builders of roads, railways and schools. It is currently one of London’s most shorted stocks, meaning investors are expecting its share price to fall further in the future. And it was reported last week that Kier’s lenders are seeking to sell down their interests in the firm’s debt, indicating further concern. Kier declined to comment last night. In its annual report, the company said the pay of Davies and Kesterton was ‘set at a level which is designed to promote an immediate alignment of interests with shareholders’.
10/10/2019
08:35
stdyeddy: I know Kier isn't the only undervalued stock, but the share price here is absurd. Kier is a growing business, constantly hiring on account of its hundreds of new and existing projects. Though they've shed some executives, the operational staff has grown this year by over 10%. There are job ads all over for people needed on new Kier projects. And Kier is resilient and diversified in terms of its project exposure (ie not relying on HS2, for example). Kier CONTINUES TO HOLD THE NUMBER ONE POSITION for a construction business in new work won over the last 12 months: hTTp://www.constructionenquirer.com/contract-spy/top-contractors-league/ Kier Living is for sale at around 163m, and Davies has stressed, it's no firesale, they want a good price and are taking their time over it (4 months since it was put up for sale; a handful of engaged potential buyers). Personally, I hope they don't sell it, because I don't think they really need to. 163m is a small price for a business returning 24m in profit and with plenty of potential to do better. Thanks for making this point earlier Sbb, but I think it's worth restating that if you take the 163m away from Kier's current market cap, the remaining business at today's share price is valued at... 20m. TWENTY MILLION POUNDS FOR THE UK'S SECOND LARGEST CONSTRUCTION FIRM. TURNOVER MORE THAN 4BN. Now that we know the business is not going broke, it seems to me there are two obvious outcomes; the share price rises to 400 plus, or someone makes a bid for the whole of Kier. That's why I reckon Kier is the biggest bargain on the stockmarket right now. Shorters are reducing constantly; Marshall Wace closing shorts practically every day and the other hedge funds following. I will re-post this view from time to time.
02/10/2019
16:54
stdyeddy: I have a theory sentimentR, that whenever you get excited about kier, you end up accidentally promoting it, because you're reliably wrong here. I point out the following to you. Though Kier isn't the only undervalued stock, the share price here post-results is absurd. Kier is a growing business, constantly hiring on account of its hundreds of new and existing projects. It's resilient and diversified in terms of its project exposure (ie not relying on HS2, for example). Kier continues to hold THE NUMBER ONE POSITION FOR NEW CONSTRUCTION WORK WON over the last 12 months: hTTp://www.constructionenquirer.com/contract-spy/top-contractors-league/ Kier Living is for sale at around the £163m, and Davies has stressed, it's no firesale, they want a good price and are taking their time over it (4 months since it was put up for sale; a handful of engaged potential buyers). Personally, I hope they don't sell it, because I don't think they really need to. £163m is a small price for a business returning £24m in profit and with plenty of potential to do better. But take the £163m away from Kier's current market cap, and the remaining business at today's share price is valued at... £20m. TWENTY MILLION POUNDS FOR THE UK'S SECOND LARGEST CONSTRUCTION FIRM. TURNOVER MORE THAN £4BN. Now that we know the business is not going broke, it seems to me there are two obvious outcomes; the share price rises to £4 plus, or someone makes a bid for the whole of Kier. That's why I reckon Kier is the biggest bargain on the stockmarket right now. Shorters are reducing constantly; Marshall Wace closing shorts practically every day (ANOTHER 10% OF THEIR SHORT CLOSED ON MONDAY) and the other hedge funds following. I will re-post this view from time to time.
01/10/2019
20:41
stdyeddy: Well, I know Kier isn't the only undervalued stock, but the share price here post-results is absurd. Kier is a growing business, constantly hiring on account of its hundreds of new and existing projects. It's resilient and diversified in terms of its project exposure (ie not relying on HS2, for example). Kier continues to hold the no.1 position for a construction business in new work won over the last 12 months: hTTp://www.constructionenquirer.com/contract-spy/top-contractors-league/ Kier Living is for sale at around the £163m, and Davies has stressed, it's no firesale, they want a good price and are taking their time over it (4 months since it was put up for sale; a handful of engaged potential buyers). Personally, I hope they don't sell it, because I don't think they really need to. £163m is a small price for a business returning £24m in profit and with plenty of potential to do better. But take the £163m away from Kier's current market cap, and the remaining business at today's share price is valued at... £20m. TWENTY MILLION POUNDS FOR THE UK'S SECOND LARGEST CONSTRUCTION FIRM. TURNOVER MORE THAN £4BN. Now that we know the business is not going broke, it seems to me there are two obvious outcomes; the share price rises to £4 plus, or someone makes a bid for the whole of Kier. That's why I reckon Kier is the biggest bargain on the stockmarket right now. Shorters are reducing constantly; Marshall Wace closing shorts practically every day and the other hedge funds following. I will re-post this view from time to time.
06/8/2019
20:13
smcni1968: Kier Group (Buy, TP: 150p) A question of self-help and confidence¬∑ Having moved to 'under review' in June, we reinstate our target price at 150p and BUY recommendation. We do need to stress the binary nature and risk profile of Kier at present, which is ultimately dependent upon the success of management to reduce debt through disposals and restoration of cash backed profits. We argue that the underlying quality of services operations and ability to sell asset-backed divisions makes restoration of fortunes the most likely outcome, but if not attained then Kier could face major issues impacting cash flow, share price and potentially its financial viability. The consequential huge differential in share price resulting from these scenarios reflects the high risk/reward profile of Kier at present.This document outlines what we see as the two scenarios for Kier from here, which in our view is binary; either net debt sees a further material increase, leading to a reduction in industry and investor confidence and spiralling of issues, or management stabilises the current situation and enacts strategic initiatives which reduce net debt and restores confidence.It is worth highlighting with reference to the impact of confidence, that on Numis estimates some 65% of the £150m increase in average monthly net debt over 2019 to date is due to working capital outflow driven by supply chain squeeze.The full year trading update provided some comfort on two fronts. First, that average net debt had ended at the lower end of management expectations, implying the working capital squeeze had not worsened. Second, strategic initiatives to reduce the debt are commencing and the "significant interest" in Kier Living suggests an ability to sell at a good price and make inroads to the debt profile.We outline our view of what Kier would look like on a normalised basis post disposals, and also how this will play out in terms of net debt reduction. Prudence is key given the outcomes, and we believe by 2022E Kier has the capacity to be refocused as a market leading regional contractor and national infrastructure services provider with a balance sheet which reflects this - albeit still with net debt on Numis analysis.Valuation is inevitably sensitivity-based and we focus only on our positive outcome, but discounting prudent assumptions leads us to reintroduce our target price at 150p/share. Attaining management target strategic initiatives would indicate a target price up toward 300p, but it is clearly too early to consider this.
18/6/2019
09:07
urbanvoltage: Staff turn to social media to take issue with contractor being branded ‘the next Carillion’ Andrew Davies_Portrait_v2 Rival contractors say they expect to see a flood of CVs from Kier staff in the coming days after the firm yesterday said it was getting rid of 1,200 people in a drastic cost-cutting programme. New chief executive Andrew Davies shocked peers when he said 650 staff would be gone by the end of this month. A rival Tier One chief executive said: “It might be necessary but it’s the message it sends. With that sort of speed, everyone will feel in jeopardy. We go up against them all the time so I’m sure we’ll be seeing a lot of CVs come in over the next few days” But he added: “[The firm] needs leadership, a strong chin, nerve and a bit of fortune. They need to stick to what they’re good at which is building and civil engineering.” A further 550 staff are due to go by the middle of next year under a plan which will see the firm make inroads into its near £800m wage bill. The cuts mean that more than 5% of the 20,000 people it employed last year – more than 18,000 are based in the UK – will be gone in 12 months. Another rival added: “With an organisation that’s contracting, what happens to all the talent? All the good people will be speaking to recruitment firms.” Some Kier staff took to social media to take issue with the firm being bracketed with Carillion – which went bust at the beginning of last year. One said: “It’s not helpful when you read posts saying Kier are the next Carillon, or comments berating the business saying ‘it’s deserved’ etc….please remember livelihoods are at risk and not everyone will be lucky enough to walk away with a pocketful of money.” Another added: “Normally, cost cutting measures and selling off non-core businesses would see confidence grow [yet] it always looks like we can’t do right for doing wrong since the demise of Carillion.” Kier’s share price sank to a new low yesterday and another chief executive told Building: “It doesn’t look good, I’m not sure how they dig themselves out of this unless they have some golden opportunities for years to come.” Kier said the redundancy programme will cost it £56m and is set to produce savings of £55m a year from 2021. But a number of firms contacted by Building said they expected Davies (pictured) to be announcing further cost-cutting plans in the coming months. “I think there is more to come,” one said. “I’d be horrified if they left the industry. It’s a national brand but there’s got to be a chance they will go.” He added: “There’s quite a few in the top 10 [of firms] that have just become so complicated and lacking in focus that, therefore, they’re in jeopardy. They don’t understand the sorts of businesses they’re engaging in.” Kier has hoisted the for sale sign over its residential business, Kier Living, while it said it is looking for buyers for its property, FM and environmental services arms. Getting rid of residential and property will take nearly £600m out of the business which last year posted a £4.5bn turnover. The firm does not break out the incomes for its FM and environmental services arms which are part of its wider £1.8bn services business. Davies, who started at Kier in the middle of April, was forced to bring forward the announcement detailing the findings of his strategic review – originally scheduled for the end of July – after the markets became spooked about the scale of the problems he would uncover. Its share price has been steadily heading south over recent weeks and the price closed last night at 107p – down nearly 23% from Friday’s close. Kier’s stock traded for 988p on 18 June last year and was still worth 278p at the end of last month despite a rights issue in December.
Kier share price data is direct from the London Stock Exchange
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