Kier Share Discussion Threads

[updowntrader] 08/4/2019 16:07

Yep. For sure. This is bouncing back to £4.00 by the end of the week. New on its way.

[ltcm1] 08/4/2019 15:59

340 as I write.

Should we be averaging down again then???

[minerve 2] 08/4/2019 11:57

There were 20 regular working days in February 2019 and in that time Kier picked up 45 new construction contracts.

Kier has started 2019 how it spent 2018 – chasing turnover.

According to data gathered by the Builders’ Conference, in 2018 Kier won 171 construction contracts, with a total combined value of £2.8bn.

It has maintained that momentum into 2019 and started out on course to exceed its 2018 haul. In the first two months of 2019 Kier has already won £1.4bn worth of new construction business from 67 different contracts.

In January 2019 Kier won 22 jobs. And then in February it signed another 45. The largest is a £300m new build, mixed use development at Blossom Street in east London for British Land.

[zicopele] 08/4/2019 11:49

Kier probing the downside of new lows.

[porsche1945] 08/4/2019 10:37

plumber, yes, good point, a tasty looking short later in the year or on bad brexit outcome, secondary market terrible and the rest propped up by help to sell scheme, feels like 2007/8, like the market needs a correction, has to be a good short. If brexit gets kicked or most likely a watered down deal will be a brief bounce but then reality will set in again, uk productivity is hopeless, will tell on the economy in a big way, employment was high in 2008, it didnt stop the property market tanking 30 pc. Alot of poorly paid cxxp jobs and tax credit jobs....waste of time.

[nomdeplume] 07/4/2019 12:42

I suppose it depends on what you mean by better. It is perhaps better to say that it is well placed to take advantage of the prevailing situation.

[zicopele] 06/4/2019 10:45

On what basis do you think Kier is one of the better construction companies?

Nice logo?

[danny baker] 05/4/2019 16:57

Share price has held up today in the face of Standard Life reducing their holding. As regards Plumbertrade's idea of shorting the big builders, Kier is a long way from being a basket case like Carillion and Interserve. I was looking at how Amey owned by Ferrovial was performing - disastrously with a huge provision for losses on a Birmingham highways contract. Ferrovial are now trying to offload Amey and have valued it at only £100 million in their accounts. There certainly are good reasons to be gloomy about construction companies but I think Kier is one of the better ones who should do well in the medium term.

[plumbertrade] 03/4/2019 19:57

Any one gearing up for a short on the big builders?

[gettingrichslow] 03/4/2019 17:41

Well you'd be about £30k better off by now if you'd have listened before buying Kier wouldn't you!

[minerve 2] 03/4/2019 16:25

There you have it guys! The two oracles have spoken! Best listen!

ROFLMAO!

[brexitplus] 03/4/2019 16:04

Getting

Agree about Camberley town centre.

[gettingrichslow] 03/4/2019 15:38

Not if it ends up costing £250m to deliver! And surely you can't improve Camberley very much with £200m. £200bn might improve it.

[danny baker] 03/4/2019 13:38

Kier have won a nice contract to regenerate Camberley town centre worth £200 million. Not substantial in the scheme of things but useful bread and butter.

[zicopele] 03/4/2019 13:27

The only way to keep subcontractors on side is to pay them on time.

Getting them to pay the main contractor is unlikely to work, given the very poor capitalisation of the majority of them.

Dressing this up as a modern approach to collaboration is laughable.

Just pay me my money will be the stock response.

[ltcm1] 03/4/2019 13:07

The way to co-operate with subbies is to pay and pay on time, simple as that really.

All I know is this share has the potential to go to zero, that is why it is as cheap as it is. Zero is not an unlikely outcome here.

If you take Portakabin say, they are private, they have their own factory and they have a big hire division that provides cash-flow. The owners the Sheppard Group also have a long term view of the business. How many of these advantages do Kier have???

Looking at their modular housing, they are more exposed to exchange rates on matierals than the brick and mortar builders. Also if there is a slowdown it is a lot harder to slow your modular home production line than it is to lay all your subbies off on site.

I don't know about their other divisions but they seem to want to specialise in every facet of building from planning permission to roadbuilding. This strikes me as highly unrealistic.

I am just making the point that anyone investing big here would need to be right across what they are doing in all these divisions, especially the cash-flow.

[zicopele] 03/4/2019 13:05

Not to worry Danny. You will get them cheaper in the next month.

Woodford is what is known as a Greenspan Put. He is holding the price up singlehandedly. fair play to him.

He should install himself as the new COO.

[danny baker] 03/4/2019 11:21

Superficially Kier looks like Carillion and Interserve in the same way NEXT looks like BON and QUIZ. My view though is that the quality of the business is vastly superior. Kier is getting flak at the moment as regards its plan to charge subcontractors a fee for a closer relationship. However in the face of upfront payments from customers becoming a thing of the past and banks running away from the construction industry, a fresh look is necessary at how the construction industry finances itself on a long-term sustainable basis. Co-operating with subbies has to be better than the adversarial approach of the past. I missed picking up some more cheap KIE shares this morning. As soon as I left my trap to buy another 5,000 shares at 340p they headed north again. Never mind, Woodford is there to absorb the shorting that seems to happen every afternoon.

[updowntrader] 03/4/2019 11:08

Hi Minerve 2, could you explain to a rookie trader how and why the shorters have 12 days? please.

[minerve 2] 03/4/2019 10:43

Just as predicted, Woodford adding on the 1st, probably having lent his stock to the hedge fund shorters.

[minerve 2] 02/4/2019 20:11

ltcm1

"Is there not a concern Kier looks rather similar to these companies???"

Erm, no.

The shorters have about 12 days. Tick tock.

LOL

[kangaroo joe] 02/4/2019 14:27

Capita - time will tell I guess
Wincanton was 38p at one stage - no rights issue but very close to having to do one.
It's a risky strategy and when accountants use aggressive accounting policies to disguise the real picture, what hope is there for the ordinary private investor?

If Terry Smith or Lindsell/Train aren't buying it, then perhaps neither should we. But that leaves us with only 50 odd stocks to choose from!