Kier Share Discussion Threads

[nigelpm] 28/2/2008 10:14

funny, crazy market at times innit? ;-)

[paxton208] 27/2/2008 18:28

Kier Group 1,493 up 87
Interim profits up 23.2 pct; Landsbanki repeats 'buy'
Anyone got the landsbanki note yet?

[backmarker] 27/2/2008 15:08

just the result i was hoping for. glad i kept the faith. only weak spot is housing, and even that doesn't seem too bad. everywhere else they appear to be firing on all cylinders.
maybe panmure gordon will now revise/withdraw its sell recommendation.
i understand dresdner have issued a 'buy' with target £28.
i'll settle for £17-18 as first stop, then on to last years high at £25.50.
enjoy.

[mrminister] 27/2/2008 10:35

rising like mercury......nice

[mrminister] 27/2/2008 08:49

any investors waiting outside the pool will now jump in to see what its like....

like the bank of england of construction co's

shame the figs are out today on a down day.... the bid offer is only the same as yesterdays high .....at the mo.....

[donemyhomework2] 27/2/2008 08:11

I think we should be looking at £15 at the very least.

[johnrxx99] 27/2/2008 07:45

Certainly agree and nearly kept their 20%pa record. Words of caution of course but at this level, I hope/should see support today.

[donemyhomework2] 27/2/2008 07:32

"Firmly on track for growth" in 2008!!!!

Excellent 2007 results and very good 2008 prospects IMO.

Cheap as chips.

[mrminister] 22/2/2008 13:41

agree backmarker, price can be eratic.... one day looking at 1400 next 1300,

i have a modest profit a current price and like the u bend forming in the chart.... one to hold imo.....

[backmarker] 22/2/2008 10:44

have been holding this for some time. it really did look good.
apart from scottish housebuilding, all the news etc has seemed positive.
so I am very disappointed with performance. while construction outlook generally may not look buoyant, I think Kier is a worldclass company and should command a premium.
the AGM statement indicated good order books, strong cash, etc., and if this message is still the same next wednesday I would hope for a bit of strength in the share price otherwise it's clear this is not a well-loved share (judging by the activity on this PBB) and i shall probably just cut my losses.

[sozamyers] 16/2/2008 00:08

I like Kier but any significant share price rise is dependent on positive fwd order book not 07 results. The market is worried about 08, not 07. Also re: Charles Stanley's bulletin - who would pay 10x earnings for construction in today's market? More like 5/6x max imo.

[freda] 13/2/2008 08:55

With the £16M profit from the recent sales, the results end of Feb should be good (or good projections for the future). I can see this slowly rising until the 27th Feb, then who knows - assuming a flat market

[mrminister] 12/2/2008 16:21

green shoots.....green shoots....green shoots....nice

[mrminister] 06/2/2008 11:29

legal & general topping up along with barclays lately.....nice

[mrminister] 04/2/2008 15:04

anybody about on here ???

[taylor20] 25/1/2008 12:23

In Charles Stanley's Monthly Bulletin there was a finger in the air valuation of Kier:

Kier (KIE.L) A calculation of the company's 'sum of the parts' value produces an historic figure (end of June 2007) of c.£748m (2044p a share). The assumptions used follow: the 6,445 building plots with consent (i.e. not the strategic landbank of 11,500 plots) are valued at cost (£42,500), the construction division at a multiple of 10, the support services division at 12, the property division at the value of its capital employed and the PFI portfolio using a discount rate of 7%. Cash of £150m and a pension deficit at the year end of £22m complete the arithmetic. The shares at 1350p are on a prospective P/E of 7.6 and yield 4.1%. Market capitalisation is £498m. This leaves the current market value of the company looking, at the very least, odd. Accumulate (change from Hold at 1499p in December 2007).

[andrew09] 25/1/2008 12:12

sell note from M.Lynch may not have helped

[fieldhouse] 25/1/2008 12:09

cutbacks in govt spending and PFI,s at a guess is the additional problem.imho

[nigelpm] 25/1/2008 10:24

I agree Dave. Bought a few yesterday. Was expecting to top up but not this soon

;-!

Remember they have a huge stash of cash as well.

[davidosh] 25/1/2008 08:48

Surely the company should buyback some of their own shares at these levels ?

[elmbury] 25/1/2008 08:40

Anyone any ideas why Kier is bucking the bounce back - well down on most other housebuilder and infrastructure stocks?

[qs9] 22/1/2008 16:16

Hope no-one short today....

[johnrxx99] 17/1/2008 12:23

Property coming back on recession worries, resources down.

[qs9] 17/1/2008 11:12

bouncing nicely, looks very strong in very weak markets IMO....any thoughts?

[qs9] 11/1/2008 11:54

Still moving in the right direction. Too well run a company with great track record IMO to be hammered as much as rest of stocks / sector....earnings forecasts have not from what I see been brought back, so sitting on low p/e and yield....