Kier Share Discussion Threads

[minerve 2] 16/4/2019 10:13

The ignorant wouldn't know the difference, and trust me, you don't get more ignorant than brexitplus.

[minerve 2] 16/4/2019 10:12

Comparing Galliford Try with Kier is like comparing Debenhams with John Lewis.

[minerve 2] 16/4/2019 09:36

Danny

The reality is that most of the immigration will continue. It is needed. If it is needed it is needed.

Parts of the construction industry have very close relationships with the Tory party. This is the issue the Brexit chimps don't seem to understand. I hardly think old farts like Brexitplus are going to step in, or go back to an industry they have already retired from, having had an easy life over the last two decades through low interest rates and asset inflation.

Sorry to bring Brexit into the equation but this circus truly is a circus built on lies and stupid assumptions by ignorant morons like Brexitplus.

[danny baker] 16/4/2019 09:04

Yes Brexitplus it's a familiar story across the construction sector. The net effect will be to reduce capacity in the industry with fewer companies tendering for work on each project. This should push up margins in the medium term. My concern then in a post-Brexit world would be finding the UK based labour to replace the thousands of Romanians now working(and doing a good job)on UK construction sites.

[brexitplus] 16/4/2019 08:32

Sounds familiar

“Galliford Try plc, the housebuilding, regeneration and construction group, announces that it is undertaking a strategic review of its Construction business.

The review will reduce the size of the Construction business, focusing on its key strengths in markets and sectors with sustainable prospects for profitability and growth, where we have a track record of success.”

[minerve 2] 15/4/2019 23:03

No one does it better....

[minerve 2] 15/4/2019 23:03

Out in 'the street'
You don't survive by being weak
This is our time
Walls were made for us to climb

Don't you try to lock us out
Cause were breaking down the doors
And ohhhh...we just came to fight
Yeah yeah

There's no stopping us
No one does it better
There's no stopping us
Shorting doesn't matter

[blueball] 15/4/2019 18:34

stay long.

[danny baker] 15/4/2019 14:28

Zico, I think that is too cynical. There is no reason why the incoming chief exec cannot do the review himself. Kier has its fingers in a lot of pies and probably in the past capital has been allocated to whoever shouts the loudest. Capital has suddenly become a lot more expensive with banks walking away from the sector and Kier's share price under £4. All it needs now is to look at each activity on the basis of capital employed, profitability and risk. Divisions which can get their customers to make advance payments, have little risk of overrun and make a decent return will be favoured over those where there is a big risk of not being paid. Some overseas activities might score highly but could be saleable and take up management time. Kier's regional structure will probably be in for some serious surgery as well. There also needs to be closer working with both customers and subcontractors. Undoubtedly there are some very good businesses within Kier. The chief exec now has to make sure they have the capital to grow and the deadwood is trimmed away.

[zicopele] 15/4/2019 14:04

A strategic review. Ah yes...that old chestnut when you don't know what to do and want an external consultant to guide you.

Things must be very bad in Kier.

[minerve 2] 15/4/2019 11:13

It's the only shorts you need! LOL

[marksp2011] 15/4/2019 10:54

Ahhhhh

PLUS500, sits with XLM as my only two shorts in the last 6 years

[minerve 2] 15/4/2019 09:38

In the past many groups like this have been in 'expansionary mode'. Now it is one of shareholder value extraction. This is a good recovery/income stock. A bit similar to Crest Nicholson in its nuanced changed of emphasis.

Ignore the idiots.

Brexit has just lost his family fortune in PLUS 500. I did warned him months and months ago. Bitter, sad, twisted little man he is.

Minerve knows best.

[minerve 2] 15/4/2019 09:35

I told this thread 12 days' ago that the shorters had 12 days to execute their game.

12 days has past.

Minerve knows. Minerve used to momentum trade.

[brexitplus] 15/4/2019 09:19

Danny. In our village we have a woman who my wife says rambles. I say she is a total mess!!!

[cryptotrade] 15/4/2019 09:12

Atm the trend is still down. Need a big push in need and they will go up.

[danny baker] 15/4/2019 09:04

Brexitplus, I would say the structure is rambling rather than a total mess. Generally in the industry there is less money being paid by customers upfront. Yes there is too much debt. None of this should come as any surprise.

[brexitplus] 15/4/2019 08:23

So, in a nutshell this just confirms

1 Kier’s structure is a total mess.
2 It can’t get payment in so cash flow is a real problem.
3 It has far too much debt.

No quick fix here.

The crux is to get faster payment, and if possible increase margins, to pay down debt. Very difficult in this environment.

[sharetradergray] 15/4/2019 08:09

UPDATE FROM NEW KIER CEO:

I am delighted to join Kier as Chief Executive today.

Kier has established market-leading positions through developing long-term client relationships and delivering excellent client service. This position is testimony to the skills and dedication of our committed employees, working in partnership with an established supply chain.

I am also delighted to be joining a company that is committed to the health, safety and wellbeing of all those who work at and visit its sites and offices. This will remain of paramount importance.

Challenges

Kier has a long history of reliable and solid performance. However, I am joining the Company at a time when it is facing significant challenges which are reflected in our share price.

We need to take some immediate steps to address these challenges and specifically address three key areas:
• Simplifying the Group;
• Improving our cash flow; and
• Reducing net debt.
These are fundamental to the Group’s success and will therefore drive my future priorities.

Priorities

This morning, the company made an announcement to its investors confirming that my first priority is to launch a strategic review of the Group. We expect the conclusions of the strategic review in July. This will build on the work already undertaken by the Board.

As part of this review, I will be meeting with the leaders of the business in the coming weeks in order to understand their strategic imperatives.

Kier already has a well-defined business improvement programme, Future Proofing Kier (FPK), whose aim is to improve productivity, remove duplication of processes and non-value added activities, and dispose of non-core operations. I support the aims of this programme and will be focussed on its successful delivery.

[elcapital2018] 12/4/2019 15:15

shorted from 700, bought back at 420....usual gain

thinking of shorting again at any rally....might miss out

[elcapital2018] 12/4/2019 15:14

ltcm

im a bear

possible zero without a rescue. off balance sheet debt

[ltcm1] 12/4/2019 12:34

But the trouble is Minerve in the other sectors such as Housebuilding, bring sites to planning, modular buildings for schools and hospitals, they are up against the likes of Henry Boot, the big housebuilders and Portakabin. All those companies are much better financed and also have made good profits while Kier struggles.

It is hardly surprising Kier are finding life tough because they are up against bigger players in all these other markets.

[minerve 2] 12/4/2019 12:21

I think most kitchen sinking has already taken place because of the rights issue and creditor concerns. But we shall see. FD does want his job, right? LOL

[salpara111] 12/4/2019 12:19

The only thing you can say with any certainty is that the new CEO will do what every new CEO does......a Kitchen Sink Job!
There is probably not much more downside but personally I am waiting to see what possible nasties the new guy manages to unearth before looking at taking a stake.
The commercial construction industry is over capacity and as a result the public sector can afford to write contracts with T&Cs that any sane person would not touch with a bargepole.