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KIE Kier Group Plc

158.60
3.60 (2.32%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  3.60 2.32% 158.60 1,116,803 16:35:10
Bid Price Offer Price High Price Low Price Open Price
157.80 158.60 159.20 151.40 151.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 3.41B 41.1M 0.0910 17.38 699.94M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 UT 474,466 158.60 GBX

Kier (KIE) Latest News

Kier (KIE) Discussions and Chat

Kier Forums and Chat

Date Time Title Posts
26/7/202415:36Kier Group 2005 - The Building Business25,266
26/7/202409:52Kier Group 605
10/7/202413:55Role of banks16
26/3/202411:51Inflation and material shortage 183
04/7/202314:13Cladding 16

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Kier (KIE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:10158.60474,466752,503.08UT
2024-07-26 15:29:35158.20426673.93AT
2024-07-26 15:29:35158.20416658.11AT
2024-07-26 15:29:35158.002,0003,160.00AT
2024-07-26 15:28:26158.00487769.46AT

Kier (KIE) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Kier Daily Update
Kier Group Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker KIE. The last closing price for Kier was 155p.
Kier currently has 451,575,387 shares in issue. The market capitalisation of Kier is £714,392,262.
Kier has a price to earnings ratio (PE ratio) of 17.38.
This morning KIE shares opened at 151.40p
Posted at 21/7/2024 13:21 by marksp2011
Well Stutes

I think it rare that the price of a share and the value of that share as a fractional ownership are the same.

Is the share price ahead of the facts? I don't think so. At one stage, the share price reflected complete doom and hence the big bounces as the medium term plan was delivererd. I can understand why the market always looked for the negative in Kier.

Does it need a rights issue? Yes I think it would help the balance sheet and probably advance company progress by a couple of years but I expect Kier will buy back its notes as the cash position improves howver the capital cost will rise as interest an expensive debt repurchase.
Posted at 19/7/2024 09:42 by itisonlymoney
Thanks for your 'opinion'. I will consider that against a number of things:
1. You won't explain why you've been posting negative posts here for two years. you simply ignore the question even though you've been asked by different posters and many times. that means you're unable to have an honest conversation. You're basically dishonest.

2. You aren't able to post ONE SINGLE POST out of hundreds where whatever you've claimed has been true.

3. regarding you're claim about suppliers payment, kier pays suppliers on average within 32 days and has done so for several years. there is no change there. the management has stated in the trading update clearly that cash generation is coming from profit. you have no evidence for your 'opinion'.

4. kier's banking facilities are appropriate for a business with a £4bn turnover and kier has £165m in net cash. that is £100m more than a year ago. the forward price earnings for kier is 5. just 5. that's about one third of the current p/e. it's way below the sector average. on a price earnings basis the shareprice should at least double from here.
Posted at 18/7/2024 07:38 by stdyeddy
A massive re-rating will be occurring here. Kier has net cash of £165m and is the clear sector leader in prisons, schools and hospitals, not to mention its huge presence in every aspect of public infrastructure such as roads, and now rail (due to its purchase of Buckingham's rail division). Order book is a huge £10.7bn and that is likely to grow under the current Labour government.

My guess is that the final dividend will be double the interim - Kier committed to paying out a third of its cash profits in dividends a few years back during its last share issue and investors have waited patiently for that return.

All analysts have Kier down as a buy and Berrenberg's price target was 220p (from memory) but I think we will blow past that very quickly now.
Posted at 03/5/2024 14:21 by stdyeddy
Looks like Leigh Thomas, MD for Kier Property, bought almost £70,000 worth of Kier shares for his family yesterday in a private transaction; see today's RNS at midday. (Spreading the investment among family is usually a tax planning move to reduce/eliminate capital gains tax on any eventual profits.)

A fairly big statement on his view of where the share price is going (i.e. upwards in a big way).
Posted at 05/4/2024 17:07 by itisonlymoney
price has dropped just about to the long term trend line, so i think we'll see a reverse back up shortly. also today is financial yr end for taxpayers (but not kier) so a lot of ppl have 'rebalanced' their holdings. the entire market is down as a result.

key things i'm keeping in mind are that the company is increasing profitability and the business is well run, has just started paying a dividend again after five years without, the shares are now in the ftse250. the big rail contract jsut announced shows that davies has quickly integrated buckingham into kier and it's already paying its way. that was a small investment. kier bought buckingham's rail division and its profitable contracts for buttons. it's going to pay off big time.

kier's yr end is less than 3 months away. there will be a good set of numbers. final divi when it's announced will likely be double the interim. current run rate for profits will put earnings at around £120m. look at the market cap. that's a p/e of about 4.

a p/e of 4 for the biggest regional construction business, the biggest winner of govt contracts, one of the biggest brands in the UK sector. kier has negotiated the inflation 'crisis' and stayed profitable. there's no way that this company is only worth a p/e of 4. berenberg has a price target of 210p. every analyst has this company down as a buy.

anyone looking at the massive rise from 100p will have been wishing they'd bought in. this looks like it could be the moment for anyone who hesitated and missed out.
Posted at 07/2/2024 23:48 by stdyeddy
The usual garbage from you.
No large construction companies have failed recently. Small ones fail all the time.

And you're saying that banks will 'not want to lend' to Kier? That's funny, because you've spent a couple of years telling us that banks are lending almost a billion to Kier. So now that the company is back on its feet and has net cash and is about to announce a dividend, suddenly banks don't want to lend? Yeah, ok.

Rates will be 'punitive' will they? What would that be then? Funny how the share price is unmoved by the news. Got any thoughts on how it'll react to Kier re-joining the FTSE250?

Looks like you were completely wrong about Kier going broke. Dividend announcement next month.
Posted at 31/3/2023 13:16 by wallywoo
Nothing personal Stdy. You are a paid ramper. My reasoning is sound and you have no answer to it;


1) you have ramped this since June 19 when the share price was around 118p. Since then Kier have issued over 300% more shares (at 85p, 830% more shares issued since 2016) and lost every holder a load of money.


2) despite point 1, you have always been positive, have always thought this was a great investment, and frequently called the share price to 200p. In addition you have frequently called me an idiot. That seems strange, I have been 100% correct in my assumption that Kier are a poor investment. History has proven me correct for 4 years and proven you wrong!!!! Only paid rampers have a remit to discredit cynic's of a share. Normal Pi's would give me grudging respect by now.


3) kier was least affected by the pandemic, than 99% of companies. Work carried on, as usual. Interestingly, I have pointed out the companies that got hit hard. Any reader would of made a lot of money with iag, easyjet, BP, shell and wizz etc with me. Obviously lost money here though.


Kier's share price was over £18, 10 years ago. They have clearly demonstrated the ability to be a poor investment in many scenarios, over a long period.


The reason for that is their poor balance sheet. Tangible net assets are way too low. Everything else is just you making up rubbish excuses. With a very low probability they will generate cash this period, it's highly likely Kier will be in money trouble again soon. That I suspect is the reasons why ramping activity is increasing here again.
Posted at 25/1/2023 14:31 by stdyeddy
wolly, you are a brazen liar because you continue to distort the truth even when it has been clearly laid out. Kier uses net debt and average monthly debt as defined terms and states the value of both. Net debt is defined in the annual report -- broadly all loans minus cash on hand. Kier is cash positive, by about £3m at the last year-end.

Average monthly debt reflects Kier's working capital needs and historically goes up for Kier in the first half, as Davies explains. They have paid off KEPS fully (£50m) and a US loan of £32.6m which matured last month and paid off at least £20m of the Revolving Credit Facility, using cash. KEPS has not been traditionally listed as debt (consolidated instead within Kier's 'trade payables' balance sheet line), but it might as well be. Now they have paid it down completely. Kier has given plenty of detail. That's over £100m in debt paid down, and the avg monthly debt has only gone up by £50m. Potentially there is £50m of cash generation used right there, though we will have to see the full numbers to be sure of that. Kier's own forecast for annual cash generation now that the firm has been refinanced, is close to £100m, so £50m for the first six months seems realistic.

Every week you ramble on about some great conspiracy or other, meanwhile Kier is clearing up all of the weaknesses in its balance sheet. We know that the business was brought low by the previous management. You seem wilfully blind to the measures that Kier has taken to slowly dig itself out of that hole, including two rights issues, the sale of assets, cancelling the dividend since 2019 and a big cost-cutting programme which involved making thousands of staff redundant and exiting loss-making contracts.

Now if you think Kier is not worth investing in, great. You've said so several times a day on here for four years and have earned your place as the most boring tw@t on advfn. The share price and the market will show what everyone else thinks. Right now this £3bn turnover business is valued at about £300m, so it is not worth very much. You are being disingenuous in suggesting it should be worth less. Meanwhile, recent moves suggest that the market is beginning to recognise Kier as a solid 'recovery play', a view shared by a number of people on this board.
Posted at 18/1/2023 11:12 by stdyeddy
Tomorrow we get the trading update on the first half of this financial year for Kier. Let us see if the market's pessimism on the share price is justified -- currently Kier shares are priced on a p/e of about 2.5 forecast earnings; that is very low and would be appropriate if the business were on the point of collapse.

Instead, Kier has been rebuilding its balance sheet for three years now after shedding about 40% of its workforce. Kier raised £330m less than two years ago and Davies promised during the last report that the 'exceptional' costs period (mainly redundancies, writedowns and 'restructuring') is over. The covid tax deferrals have been paid off; KEPS financing has been paid off; the pensions are likely in surplus again; profitability has exceeded the firm's forecast of 3.5% margin for the last two reporting periods; and Kier is winning more business than any of its peers. This is not a business on the point of collapse. The reality is that Kier is a construction firm on the point of sector dominance. The shareprice is oblivious to this.

One other little factor -- Davies got a strong rebuke from shareholders over executive pay proposals at the agm (almost voted down), linked particularly to the poor shareprice performance. Kier's share price continues to underperform against most of its peers; the market is not yet aware that the firm has been transformed from the bloated mess that it became under Haydn Mursell. Davies's dour tell-it-like-it-is demeanour when it comes to Kier's performance has, in my view, been a little too focused on the negatives. Kesterton said that dividends would come when the firm has clear visibility on profitability. The pair of them must be wondering what it will take for Kier's luck to change -- first a global pandemic that has cost the business millions in covid measures; then a major European war that has inflated materials costs; and now a recession on the doorstep.

But if Kier has managed to continue to trade profitably through this worst-of-times period, I really think Davies and Kesterton should start at least talking about the dividend in terms of 'if we hit this target of xx, at this date, we will initiate a small dividend...' The effect of a dividend, no matter how small, will, I suspect, have a disproportionate effect on the share price because it will be tangible evidence that the bad times are properly behind Kier now. Talking about it in specific terms would encourage the market to properly reassess Kier as a business.
Posted at 16/1/2023 09:56 by stdyeddy
This Thursday we get a trading update on the first half of this financial year for Kier. Let us see if the market's pessimism on the share price is justified -- currently Kier shares are priced on a p/e of about 2.5 forecast earnings; that is very low and would be appropriate if the business were on the point of collapse.

Instead, Kier has been rebuilding its balance sheet for three years now after shedding about 40% of its workforce. Kier raised £330m less than two years ago and Davies promised during the last report that the 'exceptional' costs period (mainly redundancies, writedowns and 'restructuring') is over. The covid tax deferrals have been paid off; KEPS financing has been paid off; the pensions are likely in surplus again; profitability has exceeded the firm's forecast of 3.5% margin for the last two reporting periods; and Kier is winning more business than any of its peers. This is not a business on the point of collapse. The reality is that Kier is a construction firm on the point of sector dominance. The shareprice is oblivious to this.

One other little factor -- Davies got a strong rebuke from shareholders over executive pay proposals at the agm (almost voted down), linked particularly to the poor shareprice performance. Kier's share price continues to underperform against most of its peers; the market is not yet aware that the firm has been transformed from the bloated mess that it became under Haydn Mursell. Davies's dour tell-it-like-it-is demeanour when it comes to Kier's performance has, in my view, been a little too focused on the negatives. Kesterton said that dividends would come when the firm has clear visibility on profitability. The pair of them must be wondering what it will take for Kier's luck to change -- first a global pandemic that has cost the business millions in covid measures; then a major European war that has inflated materials costs; and now a recession on the doorstep.

But if Kier has managed to continue to trade profitably through this worst-of-times period, I really think Davies and Kesterton should start at least talking about the dividend in terms of 'if we hit this target of xx, at this date, we will initiate a small dividend...' The effect of a dividend, no matter how small, will, I suspect, have a disproportionate effect on the share price because it will be tangible evidence that the bad times are properly behind Kier now. Talking about it in specific terms would encourage the market to properly reassess Kier as a business.
Kier share price data is direct from the London Stock Exchange

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