KIE

Kier Group Plc

78.90
-0.20 (-0.25%)
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
  -0.20 -0.25% 78.90 627,519 16:29:46
Bid Price Offer Price High Price Low Price Open Price
78.90 79.40 81.90 78.90 81.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gen Contractor-oth Residentl 3,256.50 12.70 2.80 26.37 352.14
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:34 O 7,590 78.90 GBX

Kier (KIE) Latest News

Kier (KIE) Discussions and Chat

Kier Forums and Chat

Date Time Title Posts
27/5/202316:22Inflation and material shortage 148
27/5/202304:32Kier Group 2005 - The Building Business24,895
18/5/202308:54Kier Group 263
19/9/202211:18Role of banks7
07/9/202209:38Cladding 15

Add a New Thread

Kier (KIE) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Kier (KIE) Top Chat Posts

Top Posts
Posted at 05/4/2023 17:01 by wallywoo
Interestingly it was just over 2 years ago when you started posting exclusively on the Kier bb, I do find it funny, you thgt the share price was on the way to 948p then!!! Isn't it amazing you still have so much faith, after such a poor 2 years (and 10 years of this being a terrible investment)!!! 2 years is a long time to "buy the dips ". Still lots more dips to go.

iTisOnlyMoney - 19 Jan 2021 - 13:46:45 - 18568 of 24830 Kier Group 2005 - The Building Business - KIE
You've left the 1 off. 148p. On the way to 948p.
iTisOnlyMoney - 19 Jan 2021 - 13:44:58 - 18566 of 24830 Kier Group 2005 - The Building Business - KIE
No. Kier will break away upwards and leave costain behind, on account of Kier's larger size, market coverage and resilience.
iTisOnlyMoney - 01 Jan 2021 - 04:10:46 - 18225 of 24830 Kier Group 2005 - The Building Business - KIE
I think you'll find sparty is right about debt.

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 24/2/2023 10:10 by stdyeddy
There's been some strong buying here recently and the price has unequivocally broken upwards. I think much still depends on the war in Europe -- an end to Russia's war could come suddenly and the brakes will really be off; the share price will rocket if that happens -- but in the meantime, Kier seems to be maintaining its volume of work and possibly even increasing it. We should have some numbers for the first half in a few weeks time. Full year after June could potentially be the first set of numbers that show Kier substantially increasing its cash.

At these levels, Kier has to be a strong potential bid target, and that would be a tragedy for the long-term share price, with an opportunistic bidder trying to get the business for perhaps double today's market cap. I'm not sure that Davies would be able to mount a credible defence, given his understated manner and the share price performance this last year. My view is that we should be somewhere in the high £2 when a dividend, no matter how small, is eventually reinstated, perhaps early next year. A strong rise over the next few months back to 130p might give the shares time to get there.

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 24/1/2023 19:31 by stdyeddy
wolly, you are mendacity personified. 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 every 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 splitting hairs by 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 24/1/2023 17:27 by wallywoo
Lol, I was forced into posting here because of all the ridiculous "pump and dump" comments being made here. A quite extreme number, all made by known share rampers who have been on here for years.


You said I was talking rubbish and the share price trend of well over 10 years, and the straight down trend of 18 months was over.


As usual, I will be proven right, and the share price will fall back. You, on the other hand, will be proven to be a silly share ramper who is trying to cheat investors into buying this rubbish.


In other words, same old sh×t that has been going on for 5 years now!!! It really is a very simple scenario now, no debt reduction and the share price will remain static, debt increasing and the share price will crash. Unfortunately, with Kier's dishonest rns statements you always have to read between the lines. Debt is 100%, absolutely, and no way round it, going up!! Despite everything you say to try and cloud that issue. It went up in h1 2022, h2 2022, and will most likely go up this period.

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.

Posted at 09/1/2023 11:59 by stdyeddy
None of your predictions about Kier have come true wolly; you said Kier Living would never be sold -- it WAS sold and now trades as Tilia; you said that Kier couldn't raise cash -- Kier raised £220m cash in a rights issue that was hugely oversubscribed, plus £110m from the Kier Living sale. You said the business would go broke four years ago, and you were completely wrong, and according to you, you lost massively on your 'short'.

Basically, Kier always achieves whatever you say it can't, and this time will be no different. The balance sheet has been rebuilt, not only with the RI and the Kier Living sale, but also through profits used to pay off debt, including the covid tax relief and the KEPS fund. Kier has strong finances, and now trades on a forward price/earnings of about TWO AND A HALF.

Not only that, Kier beat its margin forecast of 3.5% in both of the last two reporting periods AND is the top contract winner, at a time when customers are choosing Kier's long reputation and reliability.

Here's more from the trade press on Kier's industry leading position. The business is massively underpriced. H1 results in 10 days.

hTTps://www.constructionnews.co.uk/contractors/balfour-beatty/london-towers-scheme-boosts-contractor-into-top-league-spot-09-01-2023/

Kier, meanwhile, held on to the top spot in the annual league table, with a total of £2.84bn from 185 separate jobs. Morgan Sindall now sits around £800m behind Kier in second place.

Posted at 07/8/2022 11:31 by stdyeddy
bathboy, you sound more and more like your wallywoo handle. Who is 'ramping'? No one. The only person with a case to answer here is YOU with your lying posts; 260 negative posts while claiming to own Kier shares. You are an obvious fraud. DERAMPING is what's going here!! Most of the posts on here are FACTUAL REPORTS on what Kier is doing. Yours are nothing but rumour and lies.

Kier's 2023 earnings are what matters. Investment looks FORWARD. Kier is reporting in its TRADING UPDATE (not the rubbish you spout) that it is meeting its targets. Six months ago it said that it had ALREADY REACHED ITS 3.5% MARGIN. Kier has also said that revenue will meet its expectations -- that could be £4bn for the year just gone, but looking at the massive number of very large contracts which are being awarded to Kier, it looks entirely likely that Kier's medium term target of £4.5bn will be easily reached for 2023. Kier itself has PUT A NUMBER ON THAT INCREASE, and told us that its order book HAS INCREASED BY 26%.

If Kier makes 3.5% on £4.5bn, that will be a profit of £157m. Kier is targeting 90% cash conversion on its future earnings -- that will be £140m in the bank which together with this year's earnings will eliminate any need for loan capital used as working capital during the year, and if Kier sells Tempsford Hall (which could potentially bring in another £40m) the business will likely have net cash throughout every month.

'Survival mode' as you put it, was three years ago. Since then Kier's new management has refinanced with £330m injected into the business and reduced its workforce by 40%, written down all of its unprofitable contracts and imposed a far tighter profit-focused regime. LOOK AT THE CONTRACT WINS TABLE. KIER IS LEADING ALL OF ITS PEERS. Kier has massive momentum now and the shares warrant re-rating. The only thing holding it back now is the release of the actual numbers and the fact that for the moment, construction is an unloved sector due to recession fears. But Kier's client base of local and central government gives it an almost unique level of security in this sector -- dependable customers who always pay. Even in a recession, Kier will perform better than its peers.

MGNS is, I think, an excellent comparator -- when Kier puts its earnings in the bank, it should in my view, at the very least draw level with MGNS on a price/earnings basis -- that will be more than THREE TIMES THE CURRENT SHARE PRICE. That is my forecast, but I am not alone in thinking this way. It is also completely unfair to call that 'ramping' just because I express a properly substantiated view. Indeed that is the problem that you have with my posts -- they make sense. Yours do not.

Kier share price data is direct from the London Stock Exchange
Your Recent History
LSE
KIE
Kier
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230528 00:37:51