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
  +0.00p +0.00% 310.20p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
310.60p 310.80p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 4,239.60 106.20 89.80 3.5 703.1

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Date Time Title Posts
22/5/201917:08Kier Group 2005 - The Building Business2,224
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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Kier (KIE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-22 16:11:26312.6110,14231,704.70O
2019-05-22 16:11:26310.714,49413,963.26O
2019-05-22 16:11:26310.403,49710,854.79O
2019-05-22 16:11:25310.271,7225,342.92O
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Kier (KIE) Top Chat Posts

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 310.20p.
Kier Group Plc has a 4 week average price of 304.60p and a 12 week average price of 304.60p.
The 1 year high share price is 1,129p while the 1 year low share price is currently 304.60p.
There are currently 226,674,938 shares in issue and the average daily traded volume is 1,229,156 shares. The market capitalisation of Kier Group Plc is £703,145,657.68.
kinwah: The most worrying thing for me is Woodford seems to be the only buyer in town and the share price still heads South. He is stuck now. If he was to turn seller the share price would drop like a stone. There are plenty of other stocks to choose from so why buy KIE even if it does look cheap?
danny baker: 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.
sharetradergray: 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.
sharetradergray: You all do realise that with carillon gone and Interserve finished Kier will have more room to breath. Margins can be increased and profitability will inevitably prosper. Between now and 2020 Kier will be cash positive and Net cash by June this year the share price will jump as sentiment returns to construction post Brexit, Peel Hunt rates K a buy along with the majority consensus of brokers. This is the time to buy!
sharetradergray: I believe in the long run Kier will make margin on its projects and the new CEO should shed some light on this. I for one will continue to buy shares in Kier as a long term investor which is my trading strategy. I believe they will do well so does Woodford market value is out of touch with reality. Fundamentally the issue regarding margins is an industry issue Kier still turns over a 3% margin and the new CEO can build on this. By 2022 when my work plan has reached fruition, I am 100% sure Kier share price will be much higher than today. Lots of people on ADVFN clearly hoping that the share price drops to fulfil a short position maximum of 320 points why go short when long term the company will be in good stead, matter of time before the shorters get squished!
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.
kingston78: There are winners at the worst of times. Conversely, there are losers at the best of times. It all depends on the price of entry and exit. Normally, the only winners are market makers, as they try to keep a tight book and make a turn on the spread of every trade. The good times are over in my opinion. Another recession is coming. Boom and bust cycles have shortened from 40 years to 25 years, then to 10 years. The last recession commenced with the collapse of Lehman Brothers in 2008. Politics, trade wars, protectionism, migration, climate change and constant wars in some parts of the world make the situation worse. Causes have effects, and effects spread very quickly. I am afraid that most things are negative at present. It is only my personal opinion. I suspect that worldwide recession will start with China. As the Chinese have become wealthier, surveys indicate that 1/3 of the world's most expensive luxury goods will be consumed by the Chinese by 2030. I think China's economy is in big trouble despite its apparent wealth. Too much money is still tied up in State Owned enterprises, not private companies. There is too much debt, fuelled by the consumer boom. When the music stops it will have adverse consequences throughout the world, as it is now the second largest economy in the world (if not the first already according to some observers). It takes a long time to build up a business or wealth. Once it has passed its peak it will be downhill all the way. When a share price drops on bad news it plummets to new depths that people could not initially envisage or believe. You may say it is hindsight, but history always repeats itself. You only need to look at a few share charts to realise that what I have said is true, for example, Capita has dropped from £12 to about £1 within three years (even with a £700 rights issue beefing up its balance sheet). The share chart of Kier also tells its own story. One of the tried and tested investment rules is that one should average up, not average down. There is more chance to make money when confidence is high and more investors are buying. You can find an exit point more easily and make some money. Conversely when averaging down in a falling market, the share price will continue to fall until positive events influence its direction to move upwards. It would be sensible to wait for a while before considering buying in a falling market. I have noted certain posters on this board are very emotional about their investments in Kier and will top up their shareholdings no matter what. One cannot fight the market. The trend is your friend. Always go with the flow.
kingston78: Looking at some recent news articles Peel Hunt was trimming profit estimates but recommended that Kier's then share price was undervalued in September 2018. How wrong they were. Imagine investors got sucked in at that time at a much higher share price! Peel Hunt, together with other underwriters of the rights issue, announced at lunch time today that they were going to sell 28,101,162 shares in the range of 360 - 375 p using a book builder process. They have eventually sold these shares today at 360 p. It shows how reluctant the market was in investing in Kier. As the rights issue price was 409 p and they sold them at 360 p they have lost 49 p a share as the underwriters, amounting to approximately £13.8 million before expenses. This must be one of the worst rights issues assignments ever undertaken by stockbrokers and investment bankers. They have not gained anything despite earning fees, which have now been negated by the loss described above. Their reputation is tarnished to some extent. The directors of Kier recommended a final divided of 46 p a share in late September and the dividend was paid on 3rd December. If my memory serves me right the final dividend was payable on 93 million shares in circulation, costing the company about £43 million. All this was amid the rights issue exercise asking investors to support the company. There is no logic to the directors' action paying the dividend because the company could not afford it. This is as much as a political bribe.
brexitplus: From Building “Contractor217;s stock fell 10% yesterday, following last Friday’s slump Kier’s shares have lost around 40% of their value since the contractor’s shock rights issue announcement last Friday. The £264m deal was announced late on Friday afternoon, prompting shares in the indebted group to plunge by a third from 752p to close at 505p. And yesterday Kier’s stock fell still further, down 10% to close last night at 455p. The group’s chief executive Haydn Mursell (pictured) told Building last week that he expected the shares to right themselves once the new stock began trading just before Christmas. The share price fall was a “mathematical adjustment”, he said and once the dust had settled added that he expected trading to between 550p and 615p. Kevin Cammack, an analyst with Cenkos, said Kier had “bitten the bullet” over its debt situation. He added: “People either didn’t believe it could get the debt down with things like the Future Proofing project [the cost-cutting initiative announced over the summer] or were impatient with the pace of it. It just wasn’t aggressive enough in terms of both scale and timing. “At a stroke [the rights issue] probably gets a balance sheet composition that is deemed satisfactory for all stakeholders, although obviously that comes at a hefty price for ordinary shareholders, both in capital and income terms.” Kier is set to slash this year’s payout to shareholders, possibly from 69p to no more than 25p a share as a result of the rights issue.”
minerve: EdmondJ Good post. Yes, the deep discount should not be ignored. Fear in the stock market, the credit markets, the supply chains and an unsettled government will result in some real affects on the business. This 'debt shadow' that Kier refers to has allowed fear to impact real business. The shorters have played on this opportunity and assisted the fall in the share price so much that the rights issue price has to be part function of shorting IMO. This is where Graham logic comes in. In otherwords the unjustified market decline is embedded in the rights issue price. With capital raised the debt shadow should clear which should remove/reduce real impact on the business. I'm sure the shorters will still be clutching at straws. Of course there is still a risk here but this is no Carillion. Infact Carillion's demise is Kier's gain. Kier has stated it is still on target to meet year-end performance. The number of contracts it has significantly dwarfs what Carillion had. The order pipeline is strong and a large percentage of revenue for 2019 is already in place. I wouldn't place the family silver in Kier but at these forward PEs it presents a good opportunity to the value investor IMO. I plan to take up my full-rights but after that Kier will represent c3% of my portfolio.
Kier share price data is direct from the London Stock Exchange
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