Kier Share Discussion Threads

[minerve] 10/12/2018 12:47

Put it this way - Minerve is still going to have a good Christmas regardless of what happens here.

I'm more concerned about LFC vs Napoli tomorrow night to be honest. LOL

[minerve] 10/12/2018 12:45

No zicopele

I do have many shares in this company. My sanguine approach comes from understanding the company and its markets as best as I can. That requires days and days of study and decades of experience.

I could be wrong but I risk manage by not allowing this to have too much % in my portfolio.

[zicopele] 10/12/2018 12:36

Minerva.. you are very sanguine....so sanguine that I doubt you have a single share in this dog.

[minerve] 10/12/2018 12:19

Underwriters know what they were doing. In 18 months/2 years that 409p will look very good IMO.

I could be wrong, but that is what makes a market. But I doubt it. Minerve is Minerve.

I see Interserve won a small contract today. Obviously in the real world some are less jittery.

Motorways are still going to be upgraded. HS2 is happening regardless, Crossrail too. Schools, hospitals will be built/upgraded. Rubbish will be taken away. People will still subscribe to Virgin Fibre and new homes will be sold via HTB.

I think some are getting a little too excited at the action of the share price rather than focusing on the underlying business.

Good look folks. I'm very very relaxed here.

If the heat is too much for you, stay out of Minerve's kitchen.

[zicopele] 10/12/2018 11:12

They enter the house of pain...like everyone else.

Maybe Minerva can offer them advice.

[zicopele] 10/12/2018 11:06

This baby us going down guys.

Get ready for a crash landing.

Might buy at £2.

[cashandcard] 10/12/2018 11:05

MH,

Its a cyclical issue. Difficult times ahead, the economic outlook is not great. Like Oil&Gas in Autumn 2014, the cycle has turned and its just not the sector to be in.


Cash

[llef] 10/12/2018 11:04

intresting article here, about why kier might not be raising as much money as they actually need..

"The snag is that Kier has created the impression that it is raising as much as it can, which creates doubts about whether this is as much as it wants. The issue is equivalent to two-thirds of the current share count, the maximum new stock it can create without having to hold a shareholder meeting. As such, this is the biggest fundraising it can do before the end of the year. The two-week timetable is as fast as it can be."

[gettingrichslow] 10/12/2018 10:54

Lemmings only...going over the edge...Minny is in on this which is a red flag to any serious investor 🐶🐶🐶

[minerve] 10/12/2018 10:51

Will add if this goes much lower.

[montyhedge] 10/12/2018 10:47

baddeal
Looks like the stock will be left with underwriters. Surely no one with brains will pay 409p when you can buy at 370p.

[cashandcard] 10/12/2018 10:45

baddeal,


I'm simply asking the question, sick and tired of seeing the PI taking the losses when incompetent management always get away with no consequence to their financial standing, maybe even given a 'golden handshake' to move them on.


Cash

[baddeal] 10/12/2018 10:43

Cash and card, why would you take up rights at £4.09 when you can buy at £3.70?Have I missed something?

[cashandcard] 10/12/2018 10:26

Anyone actually taking up their rights here?


Cash

[careful] 10/12/2018 10:12

the problem is that the management have every incentive to participate in long term contracts even if they are loss making and will destroy the company.

it keeps them in jobs, bonuses and pensions for years, then at the end of it there is either a pre pack or rescue that enables them to prosper again.

It is a flawed system. We are all motivated by personal gain.
Why should they care if the shareholders get wiped out?

[gettingrichslow] 10/12/2018 10:03

Sinking again. This sector is in big trouble.

[essentialinvestor] 10/12/2018 09:35

If you are referring to the IRV bondholders, they rank well above ordinary
equity holders.

IRV went from net cash to near £400 million debt within 18 months,
between 2012-14.

KIER, which at one time was regarded as conservatively run, went on
an acquisition spree also.

These companies are where they are largely through management actions.

The focus was on buying revenue, often of poor quality, and losing focus
on the most important of metrics - free cash flow.

[careful] 10/12/2018 09:29

sold my rights this morning.
strangly for a positive price.
the right to buy at 409p seems to still have a value?
..bought into the market, just a small top up.

see today the spivs will take out Interserve for peanuts and wipe out shareholders.
...were the management in on it some will wonder.

[ygor705] 10/12/2018 08:42

Signs of life in the share price this morning. Are we beginning to see a base developing?

[nomdeplume] 10/12/2018 08:07

brexitplus: And what has this to do with Kier?

[buywell3] 09/12/2018 23:18

Interestingly KIER historical chart support at 400p has just been challenged

The rapid drop on this chart looks alarming to say the least

In fact terminal might be another way of putting it for some