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
  1.00 1.47% 68.90 504,054 16:35:17
Bid Price Offer Price High Price Low Price Open Price
68.80 69.20 69.40 66.60 67.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,328.50 5.60 -0.10 307
Last Trade Time Trade Type Trade Size Trade Price Currency
17:56:06 O 21,998 68.127 GBX

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Date Time Title Posts
02/7/202213:56Kier Group 2005 - The Building Business23,743
30/6/202216:27Kier Group 105
16/6/202216:07Inflation and material shortage 75
04/5/202214:43Role of banks2
12/4/202209:47Rights issue25

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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 67.90p.
Kier Group Plc has a 4 week average price of 66.60p and a 12 week average price of 66.60p.
The 1 year high share price is 135.60p while the 1 year low share price is currently 66.60p.
There are currently 446,165,699 shares in issue and the average daily traded volume is 1,009,062 shares. The market capitalisation of Kier Group Plc is £307,408,166.61.
wallywoo: So itsonlymoney, you think the share price will likely double on news. Lets examine the evidence to see if you are likely to be correct; 1) for the last 6 years Kier have given bullish statements but omitted any comments on cash generation. When news came they lost cash. Kier have done nothing different this year. In deed if things were different they would of sung it loudly in their capital markets day. In H1 they lost £109m in cash (2nd highest 6 month loss ever!!). Cash generation is the only thing that matters to Kier, profit is meaningless as demonstrated by Carillion (who made £50m profit 3 months before administration). 2) for the last 6 years interest rates (libor and Kier negotiated rates) have been very low. Both negotiated rate and libor rates are up substantially this year. Interest rates are at least double on Kier's debt and off balance sheet debt. 3) supply of raw materials is hitting this industry massively, so work cannot progress as quickly. So all the same fixed costs, but project delays, causing cash issues. 4) industry issues (points 1& 2 & 3) are causing many smaller construction companies to go bust. More builders are going bust than ever before and it has nearly always been high. We of course will not know for sure until they announce it, but everything points to bad news (including the current share price). Taking your word that share price will double when you thought the same thing at 135p seems very unlikely.
wallywoo: There are great buying opportunities out there; Iag, ezj are two I am considering (probably just go for ezj). Also like smt and brwm for low risk buys in a weak market. The trouble with Kie is that there are too many factors against them; Construction companies in administration, inflation, supply delays, poor balance sheet, 6 years losing cash, huge pension liability, interest rates increase etc etc. Sometimes share prices are low because of the market, and sometimes because of the companies performance and prospects. Broker price targets for Kier have been 2-3x the share price ever since I have followed them. Kier have the worst (ie biased) brokers that follow them. They have both had buys on the stock since 1500p a share (never been changed). Both brokers have received considerable broker fees during Kier's 3 equity issues!!!! There is considerable evidence showing broker targets on smaller cap stocks is driven by brokers looking for fee based business, not looking to help pi's. Imo the only factor stopping this dropping further is the money raised in June 21. Once that has been spent, down she goes.
stdyeddy: Total rubbish from you as usual. Kier has practically zero net debt, and is the UK's largest regional construction firm, building HS2 amongst other high profile projects, with a workforce slimmed down to 10,000 staff from 18,000 three years ago, still turning over the same construction revenue and improving margin on each reporting period over the last two years. Kier is now lean and mean and will thrive. But as far as the market is concerned, Kier is still seen as a 'risk trade' because of its recent history. The market is spooked by the war in Ukraine, risk of recession and high inflation, so Kier's share price is depressed beyond reason. End of year reporting from Kier will enable the market to reappraise Kier and rate the shareprice more sensibly.
wallywoo: "Continuing profit and cash generation " !!!! That's your best lie yet Stdy. Kier made a bottom line £1.6m loss in the last 6 months and lost £109m in cash. They have made a bottom line loss for the last 3 years, lost £100 - £200m cash each of those years, and revenue has decreased every period in that time. And of course have issued over 800 percent more shares in 6 years to try and pay for this massive spending. The share price is telling you that trend is continuing. The only people not doing so are the paid rampers on here. Libor has increased by 0.6 percent (to 0.8%), the average credit terms increased by also around 0.6 percent. So 1.2 percent interest increase overlast year for Kier. I fully expect uk Libor to at least double from 0.8 to 1.6 percent over the next year (and maybe much Much more). Heavy burden for a company with large negative tangible net assets, and lots of off balance sheet debt (at least £200m debt not on balance sheet for joint venture projects). - the only company to list these off balance sheet debt is BBY who have £671m debt (non recourse) and around 2.2x the revenue of Kier. Kier hide away this hidden debt until administration when it all comes out!!! Kier are opaque, over optimistic, and imo down right dishonest with their trading and capital markets day. Investors are no longer fooled by it as the share price clearly shows.
stdyeddy: 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 . zicopele - 13 Jul 2021 - 10:01:19 - 22514 of 23612 Kier Group 2005 - The Building Business - KIE . zicopele - 13 Jul 2021 - 09:12:25 - 22512 of 23612 Kier Group 2005 - The Building Business - KIE . zicopele - 13 Jul 2021 - 08:50:49 - 22509 of 23612 Kier Group 2005 - The Building Business - KIE . zicopele - 13 Jul 2021 - 08:43:36 - 22506 of 23612 Kier Group 2005 - The Building Business - KIE . zicopele - 13 Jul 2021 - 08:32:45 - 22503 of 23612 Kier Group 2005 - The Building Business - KIE . zicopele - 13 Jul 2021 - 08:24:01 - 22499 of 23612 Kier Group 2005 - The Building Business - KIE . zicopele - 13 Jul 2021 - 08:18:10 - 22497 of 23612 Kier Group 2005 - The Building Business - KIE .
stdyeddy: 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.
stdyeddy: mark, yeah, we know. So does Andrew Davies and his management team. They look like they might be making progress, but we will get another chance to evaluate that in a couple of months after year-end on June 30th. 90% cash conversion is their target and margin is going up consistently. wolly, as usual you are wasting space here -- you might as well say Kier issued a million percent more shares, such is your mendacity. The facts are that the share price had gone up massively over a 20-year period and then crashed in 2019. The old management team has been cleared out, loss-making contracts jettisoned and written off, costs have been cut, dividends cancelled and the company's balance sheet is being rebuilt. In 2017-2018 the shareprice was between 1265 and 1020. Since then, Kier has had two well-publicised rights issues, the first one a notable failure (undersubscribed) due to the old management team, and the second one a popular success in that it was oversubscribed. The actual percentage of shares issued since 2018 is 356% and even though this has been pointed out to you, you continue to cherry-pick meaningless numbers in order to characterise Kier's current situation as some kind of crisis. The fact is that all listed companies issue more shares, especially when they are expanding, as Kier has, and when they have a crisis, as Kier had in 2019. That is the whole point of being a publicly listed company -- raising money through issuing shares. And Kier investors in the good years were well rewarded with dividends -- over paid in fact -- which along with bad management, contributed to the crash. The reason people might be interested in Kier today is that there is a strong recovery story here. The quality of the business and the rebuilding of its finances mean that the shares could be poised to recover massively. The 2018 shareprice of 1020 is equivalent to 226p in today's shares, a potential 200% gain from our recent 75p low. If Davies and his team have got it right, and if they can have just a tiny bit of good luck to replace Brexit, pandemic, war and famine, then there's every reason for this share to hit 220p and maybe even blow right past that to 276p, which would be equal to 2017's 1265p share price. Obviously the numbers on cash and profit need to be achieved and ultimately tangible for investors in the form of dividends. Kier sees them as medium term targets.
wallywoo: Lololololol, so your excuse for a 10 month share price fall is the Ukraine war that started 2 months ago. The war effected no other non Russian/Ukrainian share price but Kier. Righty ho!!!Do you usually lie so badly?Looking forward to the excuse for the next share price fall. How about, the leprechauns are slowing Kier down by mooning the on site worker's??!!
stdyeddy: Wow, we actually went blue just now on a day when the main UK indices are down more than 2.5% and the dow is continuing its losing streak -- finally we have buyers emerging here. We have a trading update on Tuesday and the current share price is pricing in a megaton of bad news. My instinct is that the results update will be much better than the share price is expecting. Looking at the market cap (roughly £340m), Kier is currently worth approximately the same amount of money that was raised in the rights issue and the sale of Kier Living. In other words, the UK's largest regional construction firm, with an £8bn order book (over 90% in agreed contracts), booking an actual profit in January for the first time in three years, with very low debt, pension funds with surpluses, hundreds of contracts in progress with government and local government customers (ie NOT discretionary spending, but essential schools, hospitals, roads etc) would be valued on the current share price, minus the recent cash injection, at practically ZERO. That is nonsensical and shows that the market has been irrationally spooked by wider events. Assuming no disasters on Tuesday, I think we can expect a significant re-rate next week. On Wednesday there is Kier's 'Capital Markets Day' which will involve presentations and discussions with investors and analysts, so next week should be a big one for us here.
stdyeddy: Keep it up wolly/bathboy -- even you posting ten times a day with both your wally and bathboy 'handles' will make no difference to what happens here. Btw, net asset value for Kier is £435m in the last annual report. Update due in a few weeks for H1, as you well know. And the net debt position was actually net cash, positive £3m at year end. Average monthly debt is working capital and this H1 should show us how wisely or not Davies and his team are managing the cash injection. Feel free to make your silly dire predictions -- you are consistently wrong, so I will take them as a good omen. As for number of shares; so what? The share price is very low with a FORWARD price earnings ratio of just 4 assuming £100m in profit this year. Even half that profit is a p/e of 8. A genuinely very low bar for the business to get over. It should do it easily, but the market is still waiting for Kier to prove itself -- and that is perfectly understandable. Assuming the Russians don't upset stock markets everywhere, this is probably a low point for the share this year. Btw, Kier has 358% more shares now than three years ago due to its rights issues. Not 500%. You just can't stop lying can you? 97.7m shares in 2018. 446m today. Anyone reading your history from the posts on here will know that you got badly burnt going long on Interserve and badly burnt again going short on Kier, and lying about all of it, as you continue to do. I really don't mind you trolling here wally. Anyone actually put off by your rubbish shouldn't be holding Kier anyway. We don't want those shareholders. Sensible people who can read an annual report will make up their own mind. I also know that you are lonely, and you just want me to chat with you everyday, but things are different now wolly. Kier can take care of itself. Davies finally has the press broadly onside. Most of the share ownership is institutional; people reading this board are of no consequence to the share price -- I'm only posting to exchange info with a handful of people on here who already know all about you and your pathetic whining against Kier. I will continue to post actual news from time to time. You can knock yourself out all you like, but you will always come across as a bit of a sad tw@t with nothing better to do than post all day on advfn.
Kier share price data is direct from the London Stock Exchange
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