Kier Share Discussion Threads

[eriktherock] 26/1/2018 15:49

Still very cheap today.

[riviera1069] 26/1/2018 09:34

Had the finger on the button to add at 1065 this morning and decided against it. Im guessing i wont get that opportunity again.

[elrico] 25/1/2018 16:50

KIE could be the recipient of a windfall from the Carillon fallout. It has contracts for HS2 and Smart motorways. It looks as though it could get a larger slide of these contracts. Following the collapse of Carillion, Kier and contractor Eiffage have assumed responsibility for the HS2 contract. Kier has also taken full responsibility for the smart motorways contract.

The group reiterated these contracts are “all performing well, operationally and financially”.

[eriktherock] 25/1/2018 14:06

Yes, agree.
Given what I was saying last week (as above post), consider this part of the CEO's trading update this morning > "The Group remains on course to deliver double digit profit growth in the current year and to achieve its Vision 2020 targets."

[nomdeplume] 25/1/2018 13:14

In general, companies takeover other companies to grow their own company or to remove competition from it. At no cost to itself, the demise of Carillion has effectively done both these things for Kier: for example, Kier’s share of the HS2 contract has increased by at least 50%. The management did not take on the ex-Carillion employees out of pity, they needed them.

This is why the analysis of past performance is, to some extent, irrelevant. Surely, the most important question is, “Can Kier’s management take full advantage of the current situation?” The CEO sounded pretty confident on Radio 4 the other day.

[eriktherock] 25/1/2018 10:08

eriktherock - 18 Jan 2018 - 17:06:23 - 787 of 817 Kier Group 2005 - The Building Business - KIE
The Construction Company will soon be able to cut overhead by reducing pre-construction/tendering spend as there's no point in tendering for turnover and margin which has already been secured through the selective process of cherry-picking ex Carrilion Government Framework Contracts. Their 20/20 Vision is about to be renamed 20/18 Realization !

[sogoesit] 25/1/2018 09:36

Good statement; should have seen the 2020 vision coming ;-)

[hpcg] 25/1/2018 08:24

Nothing wrong in that statement at all, so closed my short at the open and have gone long. Can't see any reason to not see 1150 again in the short term.

[ygor705] 25/1/2018 08:24

Very strong bounce this morning which gives a double bottom on the 3 year chart. Not to be missed!

[shauney2] 24/1/2018 18:11

A good up to date, in depth financial write up from Edmund Jackson of iii

[ygor705] 24/1/2018 18:08

Lightning can strike in the same place on more than one occasion...........but personally I wouldn't be holding my breath for it to happen here.

[zicopele] 24/1/2018 14:24

Apologies ...meant dividend cover. Who knows what the cover is? Nobody knows what the profits are. The market understands this and has discounted for risk.

As for brokers setting share price targets, they are whistling in the wind.

[zicopele] 24/1/2018 14:16

Apologies ...meant dividend cover. Who knows what the cover is? Nobody knows what the profits are. The market understands this and has discounted for risk.

As for brokers setting share price targets, they are whistling in the wind.

[zicopele] 24/1/2018 14:09

Great dividend yield? Even Kier insiders do not have visibility of profits. Why? Well, profits are routinely overstated in the construction industry.

[ygor705] 24/1/2018 13:17

Found this morning's radio chat quite useful. Did not detect any sense of a mounting crisis which seems to be the markets view!

[grahamburn] 24/1/2018 08:56

Interesting interview with CEO of Kier on Radio 4 Today programme at 7.15am this morning. Worth a listen, especially with regard to his comments on ensuring "profitable" contracts in the public sector.

[nomdeplume] 23/1/2018 22:22

I'm not sure that historical analyses, particularly one that ignores the most recent data, is relevant at the current time. The collapse of CLLN has changed the outlook. IMO the demise of CLLN is likely to lead to a positive outcome for Kier going forward.

[kangaroo joe] 23/1/2018 16:46

Is it all the goodwill associated with the acquisitions? May Gurney, Mouchel, McNicholas, etc. They will gradually write down the goodwill?

[foot in mouth] 23/1/2018 12:54

Dipped my toe in here this morning with 4000 shares. Seems to be a well run company, and they are picking up lots of Carillion's contracts. Relatively small pension deficit too and debt has been stable the last 4 years. Broker price targets of 1339, 1600 and 1600 pps on hl.co.uk what not to like?