Kier Share Discussion Threads

[stdyeddy] 16/11/2023 09:26

Construction Enquirer is reporting on the update:



Kier boss bullish about year ahead

Kier said it is trading in line with expectations since July 1 and ahead of the same time last year.

Andrew Davies, Chief Executive said: “The current financial year has started well and, despite the ongoing inflationary pressure and supply chain challenges, it is especially pleasing that we are trading above the corresponding period last year, and in line with our expectations.

“We remain well positioned to continue benefiting from UK Government infrastructure spending commitments and we remain focused on the delivery of a sustainable net cash position with capacity to invest, in line with our medium-term value creation plan.”

Kier said it had secured 91% of its full-year order book at £10.5bn and the integration of the recently acquired Buckingham Group Contracting’s rail assets was going well.

[volsung] 16/11/2023 08:54

I love owning this share but I wish it wasn’t called KIER

[stdyeddy] 16/11/2023 08:30

Excellent update today. A couple of highlights:

Trading
The current financial year, FY24, has started well and the Group is trading above the prior period, and in line with the Board's expectations. Similar to the prior year, the Group's performance is expected to be second-half weighted. Given the resilience in trading, orderbook security and ongoing strengthening of the balance sheet we remain on track to resume dividend payments in FY24, commencing with an interim dividend.

Order book
At the end of October, the order book stood at c.GBP10.5bn (30 June 2023: GBP10.1bn) and 91% of FY24 Group revenue is now estimated to be secured, up from 85% in July, providing a high degree of certainty for the Group.

[davesailing] 15/11/2023 14:52

Trading update tomorrow - More positive news is expected, and hopefully, dividends will be returning soon!

[stutes] 15/11/2023 13:46

Your written words just show you cannot enter an adult discussion without using words that undermine your case or shows you up in other ways.

[stdyeddy] 14/11/2023 12:51

AGM and trading update happening this Thursday btw.

[stdyeddy] 14/11/2023 12:47

Here's a reminder of Kier's new discipline to maintain profitability. Kier bought the Buckingham rail division for £9.6m, along with 14 profitable contracts. The one below has also been renegotiated to ensure Kier can deliver at a profit.

Costs to build new railway stations soar by £15 million as contractor collapses

The new Willenhall and Darlaston stations will bring rail services back to both towns for the first time in 50 years

[itisonlymoney] 13/11/2023 17:36

it's you who isn't addressing the points. address these points.
1. youve been posting disparaging remarks about kier since the shares crashed four years ago but the company has recovered. you said it wouldn't. Admit that you're wrong.
2. you don't do actual "research" despite your claims. have you read kiers accounts, read an investor presentation or listened to an investor briefing from kier management? judging from the complete absence of intelligent or relevant comment, it looks to me that the answer is no. admit that you know nothing about kier the company.
3. this site is for investors. obviously you are not a kier investor. if you are short you are losing a ton of money because the shares have more than doubled over the last year. what are you doing here? since you appear to be neither long or short, you are evidently just pontificating here everyday because you are a lonely attention seeker.

stop waffling. admit you're a doom-mongering prat.

[stutes] 13/11/2023 13:51

Waffle.
Is QE going to affect HMG budgets and will it affect capex. A £10bn hit and growing hit needs to be funded. You didn't address the points. Your optimism is one thing but the facts show I've been right a few times.
The local council funding crisis is another ticking time bomb for: HMG, voters and Construction Industry - you need to join the dots up and ask how will City price the news on QE and LAs?

[itisonlymoney] 10/11/2023 18:40

i discount your endless pronouncements on kier which have been wrong for four years. try reading your own gibberish and then explain to everyone here why you've been consistently wrong.

As for 'revenue without cost' - you clearly have no idea how the construction industry works. Andrew davies has led kier on a profit driven approach since he arrived. do your own "research" and read the accounts and the company's presentations. you clearly don't read the accounts or listen to investor presentations but you post on here every day. maybe you should start doing a little actual reading instead of preaching rubbish here everyday.

take a look at buckingham - they failed overall but kier bought the rail division and just 14 profitable contracts. there'll be more of those for sure.

as for 'doing the research' you have consistently shown that you know nothing about kier. just saying the word "research" doesn't mean that you've done any. you certainly don't know how to draw the right consclusions. that's why you've been wrong about kier. you are obviously driven by a personal vendetta rather than anything else. why else would you be writing on multiple share forums for four years making constantly disparaging comments regardless of what is actually happening.

[stutes] 10/11/2023 14:31

Do you discount experts like Mr Gove? Try doing some research on monetary squeeze, BoE downsizing QE and its affect on UK economy.
Once you've done the research engage in a real discussion.
As for turnover I'm reminded of the dangers of revenue without factoring in cost. Have a read of the Carillion story.

[itisonlymoney] 10/11/2023 12:41

more pointless doom mongering. if kier is a fitter business than the majority of construction firms and it picks up work due to other firms failing, its revenue increases. that's what's been happening lately, the new rail business being a case in point. best to look at actual results instead of trying to forecast doom like you do every day. you've been wrong for four years so far.

[stutes] 10/11/2023 07:41

HMG is K's biggest Client and if HMG delays or pulls projects the order book falls and K will need to reduce its cost base to reflect lower revenue.

[itisonlymoney] 09/11/2023 17:56

projected to be rough? who is saying this? what's the evidence? HS2 project has been shortened but kier's part is still going ahead. the savings according to the PM are going to be spent on more infrastructure projects - kier will probably pick up some of these. some construction firms will struggle but kier's early cost cutting and restructuring has positioned the business well for a downturn. selling the residential housing business was done just in time it seems.

btw, your doom forecasts for the past two years have been proven completely wrong as far as kier is concerned. I see that you have mostly given up posting your bullsh1t on here.

[bathboy2] 09/11/2023 14:23

Impending trading update will be interesting, on projected projects

[bathboy2] 09/11/2023 14:22

I know not necessarily new news to some in construction, but the next 6 months are projected to be particularly rough , and with the government seemingly misguided cutting of capital expenditures on major projects this is going to compound issues for the likes of tier 1 contractors IMO

[itisonlymoney] 02/11/2023 20:24

Kier picked for restructured £2.7bn Birmingham roads contract



Kier has been named as the preferred bidder for a restructured 11-year PFI contract to maintain Birmingham’s roads – but the move still requires government approval. The firm has maintained the city’s road network on an interim basis since 2020...

[stutes] 02/11/2023 16:44

I benchmark K with Morgan Sindall- the question is why K isn't producing the goods like MS?

[itisonlymoney] 02/11/2023 16:37

Chairman Mathew Lester bought £25k of Kier shares last week with his own money.

Trading update is due in a fortnight.

[itisonlymoney] 02/11/2023 16:35

Kier seals £225m Somerset roads deal

[itisonlymoney] 02/11/2023 16:34

Kier to take over works on Black Country stations started by failed Buckingham Group

[itisonlymoney] 02/11/2023 16:31

Kier wins £2.7bn Birmingham highways PFI contract

[stutes] 02/11/2023 16:09

Looks as if CN might be wrong? A 10 yr+ contract, it will be interesting how fluctuations are treated over the period?

[stutes] 31/10/2023 19:23

It is reported in CN that HMG is unwilling to fund £600m of the Birmingham road maintenance project: K has been tendering for the contract for sometime.

Looks as if HMG is using the capital budget to balance the books.