Kier Share Discussion Threads

[richsawko] 29/2/2024 14:11

Flying today due to confirmed entry into FTSE250. With good results expected on 7th March expect this to approach the £2 mark fairly quickly

[1dasty] 28/2/2024 18:49

Ftse 250 confirmed
hxxps://www.morningstar.co.uk/uk/news/AN_1709143790502246800/top-news-easyjet-flies-back-into-ftse-100%3B-endeavour-relegated.aspx

[napoleon 14th] 28/2/2024 16:06

Bought a few - FTSE250 & March 7th should be a double boost.

[stdyeddy] 28/2/2024 10:21

It's a leap year. One more day to go for month end? It's looking like we will storm into the ftse250 about a fifth of the way up the index. Prices in the table below are a few days old at the moment.

[richsawko] 28/2/2024 09:54

Looks certain for entry into FTSE250. Will be confirmed after close. Should generate a lot of buying and price rise

[johnrxx99] 27/2/2024 08:26

Interims March 7

[dasty1] 26/2/2024 18:58

FTSE 250 reshuffle based on share price closing price tomorrow Tuesday I think. Kier should be comfortably in, I think.

[itisonlymoney] 26/2/2024 16:22

on the cusp. volume is building. a million shares bought this afternoon. probably hit 2 million at end of day.

[stdyeddy] 26/2/2024 15:43

We are at a multi-year high and the volume isn't there yet. Watch the UT after the close and post-close buying. There might be some volume waiting in the wings.

[morph7] 26/2/2024 15:06

Trying to breakout...

[johnrxx99] 26/2/2024 04:46

I know it's Yahoo but....

[stutes] 22/2/2024 10:00

The issues raised by MS about supply chain failure is one I've raised in the past.

As more big construction firms boost their cash at bank, I do wonder why K needs a debt facility circa £511m? Are they prpping for a takeover of say Tilbury Douglas or ISG or?

[bathboy2] 20/2/2024 05:56

You have to ask why have Kier decided to replace a large proportion of RCF monies that may or not have been drawn down and replace with higher cost Senior notes , and more to come in January 2025 , with the now situation, the 495mn RCF is now a mix of loans totaling 511mn , so debt potentially now higher , is this so they can pay a dividend, which IMO is foolish, they should save and pay off the debt 1st

[stutes] 17/2/2024 15:47

9% Note - will shareholders receive 9% yield? Will it be the case for 2024 K is working more for the lenders ?

[stutes] 17/2/2024 08:18

Your silly comments gloss over why rejigging debt still shows K needs debt to finance its working capital.
The building industry has, imho, its version of PPI, the extended defects liability periods increased from 6yrs to 15yrs or from 15 yrs to 30yrs. We shall see how the big firms are exposed to claims.
We shall see how K fares over next 3yrs and if your comments are embarrassing.

[itisonlymoney] 16/2/2024 16:31

didn't know kier were doing this one. hope they've been paid upfront. 😊

Kier reaches final stages of £45M Thames Water pipeline upgrade project in Swindon

[itisonlymoney] 16/2/2024 16:26

They haven't increased debt. They've replaced debt that will be expiring. Prudent, not necessarily absolutely vital, but it's wise for Kier to have plenty of available capital with a long expiry.

Have you learnt how to read an annual report yet and figured out what a revolving credit facility is yet?

[stutes] 16/2/2024 14:16

Kier Group plc ("Kier" or the "Issuer"), a leading UK infrastructure services, construction and
property group providing specialist design, build capabilities and project management, has
successfully issued £250.0 million in aggregate principal amount of 9.0% Senior Notes due 2029
(the "Notes"). Kier intends to use the proceeds from the offering of the Notes to partially prepay
certain elements of its existing credit facilities and private placement notes (the "Refinancing").
The Notes will be general unsecured senior obligations of the Issuer and will be guaranteed on a
senior basis by certain subsidiaries of the Issuer.
In parallel, Kier has also amended and extended its revolving credit facility (the "RCF"). As of 30
June 2023, £495.0 million was committed under the RCF. Following the Refinancing, commitments
under the RCF will be reduced to approximately £261 million. As part of the RCF amendment and
extension, commitments under the RCF will be further reduced to £150.0 million with effect as of
31 January 2025 and will mature on 31 March 2027. The Refinancing will complete the Issuer's
wider refinancing, in line with its overall strategy of de-gearing the business whilst retaining
flexibility and optionality to deliver future growth.
Andrew Davies, Chief Executive of Kier, commented:
"I am delighted that through the issue of the Notes, we have secured long-term financing at
competitive rates, receiving strong support from new financing partners.
This comprehensive refinancing strengthens our debt maturity profile whilst diversifying our
sources of funding and represents an important step in the delivery of our medium-term value
creation plan."
Application will be made to list the Notes to ....

Why increase debt when UK is in recession and rates are set to fall from June , if the pundits are right?

[thebears1] 15/2/2024 18:11

And a good chance of re-entry into the ftse 250 reshuffle end February

[itisonlymoney] 15/2/2024 14:57

no you are correct. dunno where i got 24th from. maybe they changed the date on their calendar, but it was the 9th last yr, so 7th is consistent and that's what it says right now. going to be a busy first week for the share price

[empsey] 15/2/2024 11:57

Hi,
I have the results down for 7th March not the 24th ( announced 18th Jan).
Have I missed something?
E.

[itisonlymoney] 09/2/2024 14:32

getting serious now. there's going to be good news flow here. ftse250 reentry at beginning of March, confirmed in the reshuffle mid month and then the H1 audited results and dividend announcement on the 24th.

[value king] 09/2/2024 14:14

Kier Group PLC, up 4.6% at 133.46 pence, 12-month range 64.00p-134.20p. Berenberg starts the infrastructure services, construction and property company with a 'buy' broker rating, and a target price of 210p.

[marksp2011] 09/2/2024 10:27

They are paying down private notes

In my experience, they could be at anything up to 2% per month, they were vulture fund money from the dark days of Mursell. There will be an early repayment fee too.

3.5% over BEBR isn't bad as a spread just effing pricey and shows you why corporate bonds are a decent investment