Share Name Share Symbol Market Type Share ISIN Share Description
Kier Group Plc LSE:KIE London Ordinary Share GB0004915632 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.40 -3.69% 114.80 424,787 11:26:07
Bid Price Offer Price High Price Low Price Open Price
114.80 115.50 121.70 112.60 121.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 4,239.60 106.20 89.80 1.3 260
Last Trade Time Trade Type Trade Size Trade Price Currency
11:27:14 O 1 115.35 GBX

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Date Time Title Posts
14/10/201911:05Kier Group 2005 - The Building Business9,464
22/1/201912:01*** Kier Group ***46
09/12/201319:14KIE - Undervalued?110
14/8/200613:04Kier Group Shorting Thread55
05/1/200509:02KIER GROUP outstanding growth company72

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Trade Time Trade Price Trade Size Trade Value Trade Type
10:27:16115.3511.15O
10:26:07114.8097111.36AT
10:26:07115.10500575.50AT
10:26:07115.003,7924,360.80AT
10:26:07114.90387444.66AT
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Kier (KIE) Top Chat Posts

DateSubject
14/10/2019
09:20
Kier Daily Update: Kier Group Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker KIE. The last closing price for Kier was 119.20p.
Kier Group Plc has a 4 week average price of 103.40p and a 12 week average price of 58.40p.
The 1 year high share price is 949p while the 1 year low share price is currently 58.40p.
There are currently 226,674,938 shares in issue and the average daily traded volume is 1,006,922 shares. The market capitalisation of Kier Group Plc is £261,582,878.45.
10/10/2019
09:35
stdyeddy: I know Kier isn't the only undervalued stock, but the share price here is absurd. Kier is a growing business, constantly hiring on account of its hundreds of new and existing projects. Though they've shed some executives, the operational staff has grown this year by over 10%. There are job ads all over for people needed on new Kier projects. And Kier is resilient and diversified in terms of its project exposure (ie not relying on HS2, for example). Kier CONTINUES TO HOLD THE NUMBER ONE POSITION for a construction business in new work won over the last 12 months: hTTp://www.constructionenquirer.com/contract-spy/top-contractors-league/ Kier Living is for sale at around 163m, and Davies has stressed, it's no firesale, they want a good price and are taking their time over it (4 months since it was put up for sale; a handful of engaged potential buyers). Personally, I hope they don't sell it, because I don't think they really need to. 163m is a small price for a business returning 24m in profit and with plenty of potential to do better. Thanks for making this point earlier Sbb, but I think it's worth restating that if you take the 163m away from Kier's current market cap, the remaining business at today's share price is valued at... 20m. TWENTY MILLION POUNDS FOR THE UK'S SECOND LARGEST CONSTRUCTION FIRM. TURNOVER MORE THAN 4BN. Now that we know the business is not going broke, it seems to me there are two obvious outcomes; the share price rises to 400 plus, or someone makes a bid for the whole of Kier. That's why I reckon Kier is the biggest bargain on the stockmarket right now. Shorters are reducing constantly; Marshall Wace closing shorts practically every day and the other hedge funds following. I will re-post this view from time to time.
02/10/2019
17:54
stdyeddy: I have a theory sentimentR, that whenever you get excited about kier, you end up accidentally promoting it, because you're reliably wrong here. I point out the following to you. Though Kier isn't the only undervalued stock, the share price here post-results is absurd. Kier is a growing business, constantly hiring on account of its hundreds of new and existing projects. It's resilient and diversified in terms of its project exposure (ie not relying on HS2, for example). Kier continues to hold THE NUMBER ONE POSITION FOR NEW CONSTRUCTION WORK WON over the last 12 months: hTTp://www.constructionenquirer.com/contract-spy/top-contractors-league/ Kier Living is for sale at around the £163m, and Davies has stressed, it's no firesale, they want a good price and are taking their time over it (4 months since it was put up for sale; a handful of engaged potential buyers). Personally, I hope they don't sell it, because I don't think they really need to. £163m is a small price for a business returning £24m in profit and with plenty of potential to do better. But take the £163m away from Kier's current market cap, and the remaining business at today's share price is valued at... £20m. TWENTY MILLION POUNDS FOR THE UK'S SECOND LARGEST CONSTRUCTION FIRM. TURNOVER MORE THAN £4BN. Now that we know the business is not going broke, it seems to me there are two obvious outcomes; the share price rises to £4 plus, or someone makes a bid for the whole of Kier. That's why I reckon Kier is the biggest bargain on the stockmarket right now. Shorters are reducing constantly; Marshall Wace closing shorts practically every day (ANOTHER 10% OF THEIR SHORT CLOSED ON MONDAY) and the other hedge funds following. I will re-post this view from time to time.
01/10/2019
21:41
stdyeddy: Well, I know Kier isn't the only undervalued stock, but the share price here post-results is absurd. Kier is a growing business, constantly hiring on account of its hundreds of new and existing projects. It's resilient and diversified in terms of its project exposure (ie not relying on HS2, for example). Kier continues to hold the no.1 position for a construction business in new work won over the last 12 months: hTTp://www.constructionenquirer.com/contract-spy/top-contractors-league/ Kier Living is for sale at around the £163m, and Davies has stressed, it's no firesale, they want a good price and are taking their time over it (4 months since it was put up for sale; a handful of engaged potential buyers). Personally, I hope they don't sell it, because I don't think they really need to. £163m is a small price for a business returning £24m in profit and with plenty of potential to do better. But take the £163m away from Kier's current market cap, and the remaining business at today's share price is valued at... £20m. TWENTY MILLION POUNDS FOR THE UK'S SECOND LARGEST CONSTRUCTION FIRM. TURNOVER MORE THAN £4BN. Now that we know the business is not going broke, it seems to me there are two obvious outcomes; the share price rises to £4 plus, or someone makes a bid for the whole of Kier. That's why I reckon Kier is the biggest bargain on the stockmarket right now. Shorters are reducing constantly; Marshall Wace closing shorts practically every day and the other hedge funds following. I will re-post this view from time to time.
25/8/2019
14:34
nomdeplume: Zicopele: I am sure we agree on one thing: the rugby was good. It’s a shame about Mako Vunipola, great but fragile. (Perhaps not the right word to describe someone like him!) As far as Kier is concerned, the big question, and for me the only question that matters, is will it survive? I do not doubt that the debt levels are too high, even the old management acknowledged that. I have always thought it was a stupid move to have a RI and then give a large portion back in the form of a dividend. In my opinion, Kier will survive and, after the RI, the hedge funds clearly thought so too. Otherwise, why would they reduce their short position. It is interesting to ask exactly what happened between the reduction to below 3% in January to the dramatic rise only a couple of months later. The only answer I can come up with is Woodford. I will quite happily listen to any other explanation, but the debt position was known at that time and I can’t think of anything else. The new management appears to be doing the right thing and the demise of Carillion will have focussed a lot of people’s minds. I know that some people would spin it differently but, for me, Andrew Davies has taken a very sensible approach: a clear focus on core activities; weeding out dead wood; and stopping the dividend until debt is reduced. Short-term the situation is bound to be fluid and unpredictable. There are big questions: will Woodford have to sell; will Kier Living be sold; what will the September report reveal? Clearly, we will not see a share price of over £4 soon. However, in my opinion, even for an indebted company that is not currently paying a dividend, the share price is too low. For me, Sbb1x is on the right lines with a suggested share price around 150p. If the hedge funds have to close it will, of course, go much higher in the short-term. It is nice to have a rational discussion, rather than having to respond to the infantile and irrational rantings of Wallywoo, Itchy the First etc. .
25/8/2019
11:06
nomdeplume: Zicopele: I am sure we agree on one thing: the rugby was good. It’s a shame about Mako Vunipola, great but fragile. (Perhaps not the right word to describe someone like him!) As far as Kier is concerned, the big question, and for me the only question that matters, is will it survive? I do not doubt that the debt levels are too high, even the old management acknowledged that. I have always thought it was a stupid move to have a RI and then give a large portion back in the form of a dividend. In my opinion, Kier will survive and, after the RI, the hedge funds clearly thought so too. Otherwise, why would they reduce their short position. It is interesting to ask exactly what happened between the reduction to below 3% in January to the dramatic rise only a couple of months later. The only answer I can come up with is Woodford. I will quite happily listen to any other explanation, but the debt position was known at that time and I can’t think of anything else. The new management appears to be doing the right thing and the demise of Carillion will have focussed a lot of people’s minds. I know that some people would spin it differently but, for me, Andrew Davies has taken a very sensible approach: a clear focus on core activities; weeding out dead wood; and stopping the dividend until debt is reduced. Short-term the situation is bound to be fluid and unpredictable. There are big questions: will Woodford have to sell; will Kier Living be sold; what will the September report reveal? Clearly, we will not see a share price of over £4 soon. However, in my opinion, even for an indebted company that is not currently paying a dividend, the share price is too low. For me, Sbb1x is on the right lines with a suggested share price around 150p. If the hedge funds have to close it will, of course, go much higher in the short-term. It is nice to have a rational discussion, rather than having to respond to the infantile and irrational rantings of Wallywoo, Itchy the First etc. .
06/8/2019
21:13
smcni1968: Kier Group (Buy, TP: 150p) A question of self-help and confidence· Having moved to 'under review' in June, we reinstate our target price at 150p and BUY recommendation. We do need to stress the binary nature and risk profile of Kier at present, which is ultimately dependent upon the success of management to reduce debt through disposals and restoration of cash backed profits. We argue that the underlying quality of services operations and ability to sell asset-backed divisions makes restoration of fortunes the most likely outcome, but if not attained then Kier could face major issues impacting cash flow, share price and potentially its financial viability. The consequential huge differential in share price resulting from these scenarios reflects the high risk/reward profile of Kier at present.This document outlines what we see as the two scenarios for Kier from here, which in our view is binary; either net debt sees a further material increase, leading to a reduction in industry and investor confidence and spiralling of issues, or management stabilises the current situation and enacts strategic initiatives which reduce net debt and restores confidence.It is worth highlighting with reference to the impact of confidence, that on Numis estimates some 65% of the £150m increase in average monthly net debt over 2019 to date is due to working capital outflow driven by supply chain squeeze.The full year trading update provided some comfort on two fronts. First, that average net debt had ended at the lower end of management expectations, implying the working capital squeeze had not worsened. Second, strategic initiatives to reduce the debt are commencing and the "significant interest" in Kier Living suggests an ability to sell at a good price and make inroads to the debt profile.We outline our view of what Kier would look like on a normalised basis post disposals, and also how this will play out in terms of net debt reduction. Prudence is key given the outcomes, and we believe by 2022E Kier has the capacity to be refocused as a market leading regional contractor and national infrastructure services provider with a balance sheet which reflects this - albeit still with net debt on Numis analysis.Valuation is inevitably sensitivity-based and we focus only on our positive outcome, but discounting prudent assumptions leads us to reintroduce our target price at 150p/share. Attaining management target strategic initiatives would indicate a target price up toward 300p, but it is clearly too early to consider this.
27/6/2019
14:02
sharetradergray: UPDATE FROM KIER: Q&A 1. What has been announced? • On 17 June, we announced the conclusions of the strategic review which includes a significant refocusing of the Group. • We also updated our investors on our latest net debt position and confirmed the Kier dividend has been suspended for FY19 and FY20. 2. Why was the announcement made earlier than 30 July, the scheduled date? • Since joining, Andrew Davies has spent two months getting around the business, spending time with the teams, and meeting many clients. • The Board concluded that given ongoing press commentary, share price fluctuation and speculation about our financial position, it was appropriate to bring the announcement forward. • We have now given a clear focus on the future direction for Kier and given clarity on where the Group’s focus lies moving forward. 3. What will be the focus of the Group moving forwards? • We will focus on the core businesses of Regional Building, Infrastructure, Utilities and Highways. • The performance of these businesses is underpinned by long-term contracts and positions on frameworks for Government and regulated clients. • These businesses are expected to deliver long-term, sustainable revenues and margins and have the capabilities to generate cash that will ensure we meet our working capital objectives. • We have also confirmed that the Housing Maintenance and Middle East construction businesses will be retained by the Group. 4. How is the business being simplified? • We will be selling or substantially exiting non-core activities including Kier Living, Kier Property, Facilities Management (FM), and Environmental Services. • In the case of Kier Living, we have commenced a sale process. • In the case of Kier Property, the Board will accelerate a reduction in the level of capital invested in this activity, which may extend to a sale of Kier Property. • We have announced that, in FM and Environmental Services, there are limited operational links with our core businesses and so we will seek to exit them in due course. • Employees in the businesses affected by this announcement will be receiving regular updates from their senior management team. 5. Will there be further redundancies? • As part of Future Proofing Kier, we have announced that we are on track to reduce headcount across Kier by c.1,200 by June 2020, principally through rightsizing the corporate centre. Around half that number have already left the business, and the remainder will leave Kier by June 2020. • This does not include employees in the businesses that are being sold or exited – most of the headcount reduction will come from rightsizing the corporate centre. • We will make sure that any exits will be handled appropriately and professionally. • These headcount reductions are not about reducing our capability or c
23/6/2019
18:15
ramsey79: More of a positive view here from the previous post at 'The Motley Fool'Kier Group (LSE: KIE) shares have fallen by nearly 90% over the last year. Anyone caught holding this stock may be wondering how much worse things will get. Memories of the failure of rival Carillion at the start of 2018 probably won't help.However, while I'm concerned about this situation, I think the shares are unlikely to go to zero. Indeed, although the situation remains uncertain, I'd argue a recovery is possible.Two good reasonsIn my last piece on 6 June, I took a grim view of Kier's rising debt. I'm happy to say a more recent update on 17 June has caused me to take a slightly more positive stance.The first reason for this is Kier plans to sell or scale back various non-core parts of its business. The group's housebuilding division, Kier Living, is up for sale. And its property development business, Kier Property, will be scaled back or sold as well.Based on the numbers provided by the company, I estimate these changes should bring in £120m-£200m of cash. More importantly, the amount of working capital - or cash in hand - Kier needs to fund its operations should fall. This is expected to result in a lower average net debt level through the year.The second piece of good news is that Kier is not currently in financial distress. Although debt levels have risen above expectations, the company's average month-end net debt of £420m-£450m is still well below the £920m available under its current debt facilities.These lending arrangements will need to be renewed at various times between 2021 and 2024. But it's clear Kier has the kind of breathing room that Carillion simply didn't have.Would I buy Kier?I think chief executive Andrew Davies is taking the right decisions. However, the scale of change he's planning means the outlook for profits is unclear to me.I suspect Kier shares may offer some value at current levels. https://www.fool.co.uk/investing/2019/06/23/is-the-kier-share-price-heading-for-zero/
18/6/2019
10:07
urbanvoltage: Staff turn to social media to take issue with contractor being branded ‘the next Carillion’ Andrew Davies_Portrait_v2 Rival contractors say they expect to see a flood of CVs from Kier staff in the coming days after the firm yesterday said it was getting rid of 1,200 people in a drastic cost-cutting programme. New chief executive Andrew Davies shocked peers when he said 650 staff would be gone by the end of this month. A rival Tier One chief executive said: “It might be necessary but it’s the message it sends. With that sort of speed, everyone will feel in jeopardy. We go up against them all the time so I’m sure we’ll be seeing a lot of CVs come in over the next few days” But he added: “[The firm] needs leadership, a strong chin, nerve and a bit of fortune. They need to stick to what they’re good at which is building and civil engineering.” A further 550 staff are due to go by the middle of next year under a plan which will see the firm make inroads into its near £800m wage bill. The cuts mean that more than 5% of the 20,000 people it employed last year – more than 18,000 are based in the UK – will be gone in 12 months. Another rival added: “With an organisation that’s contracting, what happens to all the talent? All the good people will be speaking to recruitment firms.” Some Kier staff took to social media to take issue with the firm being bracketed with Carillion – which went bust at the beginning of last year. One said: “It’s not helpful when you read posts saying Kier are the next Carillon, or comments berating the business saying ‘it’s deserved’ etc….please remember livelihoods are at risk and not everyone will be lucky enough to walk away with a pocketful of money.” Another added: “Normally, cost cutting measures and selling off non-core businesses would see confidence grow [yet] it always looks like we can’t do right for doing wrong since the demise of Carillion.” Kier’s share price sank to a new low yesterday and another chief executive told Building: “It doesn’t look good, I’m not sure how they dig themselves out of this unless they have some golden opportunities for years to come.” Kier said the redundancy programme will cost it £56m and is set to produce savings of £55m a year from 2021. But a number of firms contacted by Building said they expected Davies (pictured) to be announcing further cost-cutting plans in the coming months. “I think there is more to come,” one said. “I’d be horrified if they left the industry. It’s a national brand but there’s got to be a chance they will go.” He added: “There’s quite a few in the top 10 [of firms] that have just become so complicated and lacking in focus that, therefore, they’re in jeopardy. They don’t understand the sorts of businesses they’re engaging in.” Kier has hoisted the for sale sign over its residential business, Kier Living, while it said it is looking for buyers for its property, FM and environmental services arms. Getting rid of residential and property will take nearly £600m out of the business which last year posted a £4.5bn turnover. The firm does not break out the incomes for its FM and environmental services arms which are part of its wider £1.8bn services business. Davies, who started at Kier in the middle of April, was forced to bring forward the announcement detailing the findings of his strategic review – originally scheduled for the end of July – after the markets became spooked about the scale of the problems he would uncover. Its share price has been steadily heading south over recent weeks and the price closed last night at 107p – down nearly 23% from Friday’s close. Kier’s stock traded for 988p on 18 June last year and was still worth 278p at the end of last month despite a rights issue in December.
27/3/2019
22:10
danny baker: I think we will see a continuation on Thursday of Woodford's buying. There's a two-way pull with hedge funds still shorting KIE but today's price action was very encouraging. I know it's a mug's game predicting the KIE share price but I reckon we'll be over £4 again tomorrow.
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