Kier Share Discussion Threads

[stewart64] 20/11/2018 11:37

Still think the Market is kind to Kier compared to some of the other domestics. Kier really proves a bird in the bush is worth two in the hand. There is zero equity once you discount intangibles, it has made precisely 100m after tax in five years...a p/e of forty. Those birds in the bush need to be coming in with something spectacular going forward. After all other domestics are at sixes and sevens ( literally on fwd p/e) with over 100% assets cover in some cases. Life assurance, banks, builders etc.

There again vodafone can get away with a 7 billion loss in six months and mounting debt with Market enthusiasm so I guess I just dont see the Emperor's clothes like everybody else.

[zicopele] 16/11/2018 08:54

I guess you will keep adding then Rimau

[rimau1] 16/11/2018 08:28

Nice update, debt focus paying off and strong order book, this is still discounted with the failing outsourcing tag and takes no account of the structural infrastrucrure growth drivers so I continue to add on any drops

[wipo1] 15/11/2018 21:51

Tough to call, I would consider buying around 750p

[mfhmfh] 15/11/2018 11:17

Peel Hunt today reiterates buy rating and 1,600p target price.

[azioni2] 14/11/2018 15:47

Woodford further increased KIER holdings

v

shorts position also increasing



Brokers consensus seems to favour Woodford

[rimau1] 05/11/2018 09:47

Yes, lucky timing. Road, Rail, housing shortages and Broadband investment is the bull case here, I am also long now in Hils and Renew for the same reasons. Both have also derated way too far.

[shauney2] 02/11/2018 10:07

Good timing rimau

From Shares Magazine

OUTSOURCING, CONSTRUCTION, INFRASTRUCTURE AND HOUSEBUILDING

A pledge to abandon the use of PFI contracts was arguably an easy one to make as there were none in the offing. The share prices of outsourcing groups Capita (CPI), Serco (SRP) and G4S (GFS) seemed largely unaffected by an end to austerity which theoretically implies there could be more work available from the public sector.

A boost in infrastructure spending on areas like roads and rail had been leaked in advance and had already given a lift to shares in construction-linked firms like Balfour Beatty (BBY), Costain (COST) and CRH (CRH) ahead of the Budget.

Kier (KIE) kept rising after the Budget thanks to its exposure to spending on broadband and its role as a key partner to local authorities across the UK with pothole repairs – where an extra £420m was earmarked.

Kier also has a housebuilding division so like peers such as Barratt Developments (BDEV) and Persimmon (PSN) there may have been some relief at the two-year extension of the Help to Buy scheme out to 2023. (TS)

[rimau1] 29/10/2018 09:06

I have taken a position here, looking for a budget boost in infrastructure spend. I am a long term investor and see significant upside from herewith potential short term pain which i am happy to navigate through. I agree that debt is a significant bear point but they are actively managing it and once we get through brexit i think this will rerate significantly.

[zicopele] 25/10/2018 10:10

Growing dividend and improving margins? Why would clients agree to fund increased margins for a captive contractor?

Kier cannot afford the existing dividend.

Worse still, all the top executives are accountants with no construction expertise.

[eriktherock] 25/10/2018 09:45

I was a holder for a while when Carillion when down in anticipation of the directors being able to negotiate the best of their live Contracts and thereby make the 'vision 2020' a more probable reality. They couldn't manage it.

[eriktherock] 25/10/2018 09:24

A glance at the chart from the beginning of last year would indicate the market's view of the company fundamentals.
The Dow chart for the same period maybe worth a look.

[marksp2011] 25/10/2018 09:00

jamski

That looks great. A chart with two random lines drawn on it. Thats the wonder of a method based on past values of the same variable.

At 787 it will be yielding 9% with a growing divi and improving margins.

I have seen several charts like this one for a variety of different stocks in the last few days. If the chart was driven by company fundamentals there MIGHT be some sense in it. The current share price action is being driven by a falling Wstreet. WStreet diverged from UKX 6 months ago and UKX never got the gains that SPX got. Now SPX is falling hard, UKX is tanking with it making UKX look like excellent value.

Too many sound stocks yielding 8% + and some decent ones at 10%+ - time for the stock pickers to move in

[jamski68] 24/10/2018 14:56

It's a short... targets down at 787

[eriktherock] 24/10/2018 10:05

Target update 732p > 678p > 418p

[shauney2] 18/10/2018 20:05

Yer right.Hindsight trading at its best.

[zicopele] 18/10/2018 19:23

No question but the dividend has to be cut.

[eriktherock] 18/10/2018 16:47

I'm still short, target's haven't changed.

[shauney2] 18/10/2018 16:29

erik,there is no way you are still short here.Unless you are playing for pennies you would of closed on the recent rise and ex dividend.

[eriktherock] 18/10/2018 16:10

You'd need 'vision 2020' to not see where this is heading.

[zicopele] 18/10/2018 15:59

Guys....you are a classic example of investors on the slope of hope.

Downwards we are going. The trend is inexorable.

[grahamburn] 17/10/2018 12:50

According to the Times Market Report there were signs yesterday that a number of shorts were closed.

[wilksey1] 17/10/2018 07:43

a good day yesterday hopefully more to come

[mfhmfh] 10/10/2018 11:22

Goldman Sachs have increased their holding.

[zicopele] 27/9/2018 10:57

Debt level won't improve. Dividend too high and margins too low