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
  -0.80 -0.70% 113.60 1,370,102 16:35:08
Bid Price Offer Price High Price Low Price Open Price
111.60 112.70 117.10 110.50 117.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 4,239.60 106.20 89.80 1.3 258
Last Trade Time Trade Type Trade Size Trade Price Currency
17:30:33 O 4,548 113.60 GBX

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Date Time Title Posts
20/8/201919:55Kier Group 2005 - The Building Business7,570
22/1/201912:01*** Kier Group ***46
09/12/201319:14KIE - Undervalued?110
14/8/200613:04Kier 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
2019-08-20 17:28:56113.604,5485,166.53O
2019-08-20 17:28:27113.602,8263,210.34O
2019-08-20 16:30:35113.605,8336,626.00O
2019-08-20 16:26:13113.6023,06526,201.84O
2019-08-20 15:44:32110.5040,00044,200.00O
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Kier (KIE) Top Chat Posts

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 114.40p.
Kier Group Plc has a 4 week average price of 58.40p and a 12 week average price of 58.40p.
The 1 year high share price is 1,129p 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 5,006,392 shares. The market capitalisation of Kier Group Plc is £257,502,729.57.
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.
brexitplus: Fool “The 40% share price crash at civil engineering contractor Kier Group (LSE: KIE) on 3 June sent shock waves across the UK investment world. But it was just one chapter in a 12-month saga that’s seen Kier shares lose nearly 90% of their value. Those who saw the sell-off as overdone and bought into the initial recovery have been disappointed, as it soon collapsed and the shares headed further down. Since triggering a profit warning on 3 June, Kier Group shares have fallen more than 60%. What next? The questions now are what have we learned, what’s likely to happen next, and should we buy the depressed shares? To the first one, the answer for me is to be very wary of companies that recently looked healthy but which have hit a slump. And that’s doubled up for ones that have seen the need to replace their top-line management. That’s actually usually a good thing. But what often happens is that the burgeoning problems the previous management failed to properly understand and address are uncovered by new bosses. We so often see a string of potentially devastating profit warnings following a regime change. That was emphasised by a further update on 17 June, on the conclusion of a strategic review instigated by new chief executive Andrew Davies, with much of the focus on the firm’s balance sheet and costs. Little and late? There’s going to be a disposal of non-core assets and a reduction in employee numbers of around 1,200 to try to achieve annual cost savings of around £55m from 2021, and a new focus on cash generation and debt reduction. Kier also said it intends to “embed a culture of performance excellence.” I do wish companies would avoid such pretentious corporate-speak in the their communications — we investors aren’t stupid and we just want to see the beef. Oh, and the other big thing is that Kier suspended its dividend for 2019 and 2020, so the yield that got as high as 7% last year has become a thing of the past. But while I applaud the action in the cause of balance sheet renewal, it highlights another company failing and that continues to annoy me. When a company is facing cash flow pressures and mounting debt, stopping the dividend shouldn’t be a last-minute, fan-cleaning effort. No, it should be a pre-emptive strike aimed at reducing financial pressures as soon as possible. But there does seem to be a culture in UK business of putting the bravest face on things and not opening up and accepting the true nature of a company’s difficulties until it’s nearly too late. Eyes peeled All investors can do, I think, is be vigilant and always keep an eye on a company’s debt and its costs of servicing that debt, especially when the company is working in a very competitive and economically-squeezed industry. Will Kier Group go bust? Fellow Fool writer Karl Loomes paints a depressing picture of the company’s chances, while pointing out things could get even worse before they get better (if, that is, there’s still a company there for things to get better for). Kier is in firm bargepole territory for me, and I’m not going anywhere near it.”
sharetradergray: UPDATE FROM KIER: Q&A 1. What has been announced? • On 17 June, we announced the conclusions of the strategic review which includes a significant refocusing of the Group. • We also updated our investors on our latest net debt position and confirmed the Kier dividend has been suspended for FY19 and FY20. 2. Why was the announcement made earlier than 30 July, the scheduled date? • Since joining, Andrew Davies has spent two months getting around the business, spending time with the teams, and meeting many clients. • The Board concluded that given ongoing press commentary, share price fluctuation and speculation about our financial position, it was appropriate to bring the announcement forward. • We have now given a clear focus on the future direction for Kier and given clarity on where the Group’s focus lies moving forward. 3. What will be the focus of the Group moving forwards? • We will focus on the core businesses of Regional Building, Infrastructure, Utilities and Highways. • The performance of these businesses is underpinned by long-term contracts and positions on frameworks for Government and regulated clients. • These businesses are expected to deliver long-term, sustainable revenues and margins and have the capabilities to generate cash that will ensure we meet our working capital objectives. • We have also confirmed that the Housing Maintenance and Middle East construction businesses will be retained by the Group. 4. How is the business being simplified? • We will be selling or substantially exiting non-core activities including Kier Living, Kier Property, Facilities Management (FM), and Environmental Services. • In the case of Kier Living, we have commenced a sale process. • In the case of Kier Property, the Board will accelerate a reduction in the level of capital invested in this activity, which may extend to a sale of Kier Property. • We have announced that, in FM and Environmental Services, there are limited operational links with our core businesses and so we will seek to exit them in due course. • Employees in the businesses affected by this announcement will be receiving regular updates from their senior management team. 5. Will there be further redundancies? • As part of Future Proofing Kier, we have announced that we are on track to reduce headcount across Kier by c.1,200 by June 2020, principally through rightsizing the corporate centre. Around half that number have already left the business, and the remainder will leave Kier by June 2020. • This does not include employees in the businesses that are being sold or exited – most of the headcount reduction will come from rightsizing the corporate centre. • We will make sure that any exits will be handled appropriately and professionally. • These headcount reductions are not about reducing our capability or c
ramsey79: More of a positive view here from the previous post at 'The Motley Fool'Kier Group (LSE: KIE) shares have fallen by nearly 90% over the last year. Anyone caught holding this stock may be wondering how much worse things will get. Memories of the failure of rival Carillion at the start of 2018 probably won't help.However, while I'm concerned about this situation, I think the shares are unlikely to go to zero. Indeed, although the situation remains uncertain, I'd argue a recovery is possible.Two good reasonsIn my last piece on 6 June, I took a grim view of Kier's rising debt. I'm happy to say a more recent update on 17 June has caused me to take a slightly more positive stance.The first reason for this is Kier plans to sell or scale back various non-core parts of its business. The group's housebuilding division, Kier Living, is up for sale. And its property development business, Kier Property, will be scaled back or sold as well.Based on the numbers provided by the company, I estimate these changes should bring in £120m-£200m of cash. More importantly, the amount of working capital - or cash in hand - Kier needs to fund its operations should fall. This is expected to result in a lower average net debt level through the year.The second piece of good news is that Kier is not currently in financial distress. Although debt levels have risen above expectations, the company's average month-end net debt of £420m-£450m is still well below the £920m available under its current debt facilities.These lending arrangements will need to be renewed at various times between 2021 and 2024. But it's clear Kier has the kind of breathing room that Carillion simply didn't have.Would I buy Kier?I think chief executive Andrew Davies is taking the right decisions. However, the scale of change he's planning means the outlook for profits is unclear to me.I suspect Kier shares may offer some value at current levels.
brexitplus: Moneyweek yesterday “Kier, the engineering group, has had to bring forward a strategic review to placate anxious investors. What happens next? Alex Rankine reports. Will it be a case of “Kier today, gone tomorrow”? asks Alistair Osborne in The Times. New chief executive Andrew Davies, who has only been in the post for eight weeks, has been forced to rush out the publication of a strategic review a month early to calm markets still reeling from this month’s profit warning. High debt levels have left the engineering group looking “increasingly rickety” and have prompted comparisons to failed outsourcers Carillion and Interserve. The group’s net debt at the end of June will be between £420m and £450m. “Not bad for a company now valued at just £175m”. The share price has slumped by more than 85% over the past year. Now management will cut 1,200 jobs, with 650 to go at the end of this month. Kier will dispose of its homebuilding division amongst other units as it focuses efforts on infrastructure. The new strategy – to concentrate on core, cash generative businesses and sell the rest – was the only option left on the table, says Jim Armitage in the Evening Standard. Yet doubling down on infrastructure seems “extremely high-risk”. Building highways is a fiercely competitive business and this approach also looks like a “nerve-jangling bet on HS2 and Crossrail 2 happening.” What’s more, the suspicion that it is a forced seller means that Kier may not get a good price for its housebuilding and property operations. The most likely endgame of all this is not administration, but a merger with a rival “in this troubled industry”. “A Carillion-style collapse does not look imminent”, agrees Lex in the Financial Times. Freezing the dividend and investment and disposing of the housebuilding division should bring debt down to more manageable levels in due course. Kier has a more diversified contract base than defunct support-service peers, while generous bankers mean that a liquidity crunch is unlikely. Dividend shocker The real question is “what were they smoking” in Kier’s boardroom last September when they decided to increase the annual dividend by 2%, says Nils Pratley in The Guardian. Andrew Davies has quickly learnt that half his job is “to restore confidence” as suppliers and creditors ask difficult questions. His rescue strategy looks sensible. Naturally that means that “the dividend is a goner. There won’t be one this year or next.” Once again, income investors have fallen victim to a “dividend trap”, says Robert Smith in the Financial Times. Vodafone’s drastic dividend cut last month wrongfooted many. Kier’s dividend yield was approaching 40% before this week’s suspension – a reminder that returns that look too good to be true probably are. Balance sheet analysis by managers at Henderson’s International Income Trust suggests that one in five listed stocks looks like a “potential dividend trap”. Kier will not be the last to serve up a nasty surprise.”
sharetradergray: UPDATE FROM CEO: You will no doubt be aware of the announcement the Group made to investors earlier this week, which published the outcomes of my strategic review and updated the market on our net debt. By bringing forward this announcement, which was originally due on 30 July, we have given a clear indication of the future direction for Kier and I hope this will also give you all clarity on where our focus lies moving forwards. The update set out a new strategy for the Group, where we will focus on Regional Building, Infrastructure, Highways and Utilities. It also confirmed the simplification of our portfolio by selling, or substantially exiting, non-core activities including Kier Living, Kier Property, Facilities Management and Environmental Services. It also detailed the acceleration of our Future Proofing Kier programme, and confirmed we are on track to reduce headcount across the Group by c.1,200 by June 2020 and deliver annual cost savings of £55m from FY2021. As I mentioned in my message to employees earlier this week, I appreciate that the pace of change across the business can be unsettling and, for those of you impacted by the headcount reduction and sales of non-core businesses, it is a challenging time. Those of you affected will continue to receive further information from your senior management team. These decisions are not easy to make, and I have not taken them lightly. However, the uncertainty in the market and around our current position – as has been reflected in our share price – means we must take decisive action now to put Kier in a strong position for the future. Quite simply, we must administer 'self-help' and take decisive action to reduce our cost base and improve our cash position. We have a good business and I am certain that this is the right course of action for Kier, so that we can move forward with a solid foundation in place. Thank you for your ongoing hard work and support. If you have any questions for me, you can direct them to
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.
brexitplus: Good article in the grauniad. Totally agree about Philip Cox “What were they smoking in Kier Group’s boardroom last September when the directors decided it would be prudent to increase shareholders’ annual dividend by 2% to 69p? Nine months later, the contracting group’s share price has crashed from 900p to 108p. Kier’s borrowings are much higher than imagined at the time, despite the arrival of £250m in cash from a badly-received rights issue at 409p last December. Andrew Davies, the new chief executive, is now ditching smaller business units to try to get borrowings under control and restore the faith of trade insurers. And, naturally, the dividend is a goner. There won’t be one this year or next. As far as it goes, Davies’ rescue strategy looks sensible. The group will sell or “substantially exit” divisions that include the housebuilding unit Kier Living and the commercial property operation. Both have contributed to the wild swings in Kier’s debt levels, and so score badly in the hunt for much-needed stability. In theory “core” Kier should be more predictable. It will be concentrated on regional building work plus contracts at big infrastructure projects such as the Hinkley Point C nuclear plant, the HS2 railway and Crossrail. For good measure, the new boss is cutting 1,200 jobs. It’s a plan. It was also essential that Davies move quickly. He’s been in post for only eight weeks and had hoped to take another month strategically reviewing the mess. There was no time to wait, however, once trade insurers started to question the strength of Kier’s balance sheet. Half the challenge here is to restore confidence. Best to get on with some execution. Indeed, this debt-reduction effort could have been adopted two or three years ago, and it surely became essential after Carillion’s failure shocked lenders and suppliers in the world of contracting 18 months ago. That earthquake was either missed or ignored by Kier’s board when it was pondering their dividend declaration last year. Philip Cox was the chairman then, and still is. By rights, he should join the ranks of those Kier employees who will lose their jobs.”
knowing: Kier Group plc with EPIC/TICKER (LON:KIE) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Kier Group plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 150 GBX on its stock. This is indicating the analyst believes there is a potential upside of 14.7% from today’s opening price of 130.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 183.6 points and decreased 363 points respectively. The 52 week high for the stock is 1109.47 GBX while the year low share price is currently 113.12 GBX. Kier Group plc has a 50 day moving average of 310.01 GBX and the 200 Day Moving Average price is recorded at 566.50. There are currently 162,115,870 shares in issue with the average daily volume traded being 2,549,834. Market capitalisation for LON:KIE is £190,549,892 GBP.
danny baker: I think we will see a continuation on Thursday of Woodford's buying. There's a two-way pull with hedge funds still shorting KIE but today's price action was very encouraging. I know it's a mug's game predicting the KIE share price but I reckon we'll be over £4 again tomorrow.
Kier share price data is direct from the London Stock Exchange
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