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Kier Group PLC Add to portfolio

LON250:KIE, Aug 24, 11:48 UTC

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Monday, August 05


News

Are Kier (LON:KIE) and Thomas Cook (LON:TCG) share prices on the road to recovery?

KIE TCG

Aaran Fronda | Financial Writer, London | 2019-08-05T12:25:16+0100. For a while investors have speculated that Kier Group would follow in the footsteps of its rival Carillion which collapsed in January last year in what was the largest ever trading liquidation in the UK. Similar sentiment has followed British tour operator Thomas Cook since May after its stock was branded worthless by Citigroup analysts. However, in recent months both companies look like they may turn things around, with Kier unveiling plans to strengthen its balance sheet by offloading its housing business, while Thomas Cook announced it had started talks with Beijing-based Fosun International regarding a £750 million rescue deal. Last week, the company gave investors some good news after unveiling plans to sell its housing business, valued at £110 million, to reduce its debt. According to a report by the Mail on Sunday, the struggling tour operator unveiled plans to boost growth by focusing on Chinese tourists looking to visit Europe during a presentation to debt holders responsible for approving the Fosun deal. As part of its deal, Fosun also told bond holders that it plans to increase Thomas Cook’s winter sports and city break offerings, as well as targeting millennials by selling music festival and adventure packages.

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Thursday, August 01


News

Is it time to buy the Kier share price after today’s positive update?

KIE

Following the close of its 2019 financial year, troubled outsourcing and construction business Kier Group (LSE: KIE) published an update this morning on the progress of its turnaround. The company only announced its strategic overhaul on 17 June so, at this point, I think it’s too early to tell if these initiatives are paying off. However, the update does give us some insight into how the business is faring in the current market environment. According to the management report, trading at the group’s key Infrastructure Services and Buildings divisions has remained “resilient” but turnover for the 2019 financial year is expected to be around £100m lower than the level reported for 2018. The update notes this decline in revenue is due to “property and land-led transactions which did not complete in June 2019.” Management believes this will have an impact on the group’s bottom line “broadly in line with its historic gross margins.”.

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News

Kier sees £100 million shortfall in full-year revenue, names new CFO

KIE

Kier sees £100 million shortfall in full-year revenue, names new CFO. Reuters1 August 2019, 06:49 UTC. (Reuters) - British contractor Kier Group Plc <KIE.L> on Thursday warned its full-year revenue would fall by 100 million pounds, and named RPC Group's Simon Kesterton as its new finance chief. The company said results for the year would be hit as it could not complete some property and land-led transactions in June. What to read next.

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Wednesday, July 31


News

Kier Group plc (LON:KIE) Insider Bev Dew Buys 189 Shares – Sundance Herald

KIE

Kier Group plc (LON:KIE) insider Bev Dew bought 189 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average price of GBX 79 ($1.03) per share, for a total transaction of £149.31 ($195.10). Kier Group plc has a 1-year low of GBX 72.75 ($0.95) and a 1-year high of GBX 1,109.47 ($14.50). Liberum Capital reiterated a “buy” rating and issued a GBX 150 ($1.96) target price (down previously from GBX 320 ($4.18)) on shares of Kier Group in a research report on Friday, June 14th.

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Tuesday, July 23


News

Insider Buying: Kier Group plc (LON:KIE) Insider Acquires 189 Shares of Stock – Riverton Roll

KIE

Kier Group plc (LON:KIE) insider Bev Dew purchased 189 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average cost of GBX 79 ($1.03) per share, with a total value of £149.31 ($195.10). Kier Group plc has a 52-week low of GBX 72.75 ($0.95) and a 52-week high of GBX 1,109.47 ($14.50). Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 150 ($1.96) price target (down from GBX 320 ($4.18)) on shares of Kier Group in a report on Friday, June 14th.

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Monday, July 22


News

Director Deals - Kier Group PLC (KIE), 22 Jul 2019 12:55

KIE

22 July 2019, 12:55. Beverley Dew, Financial Director, bought 189 shares in the company on the 19th July 2019 at a price of 79.00p. The Director now holds 38,813 shares. NOTE: SIP Purchase: Also awarded 94 Matching Shares Director deals data provided by www.sharesmagazine.co.uk. Related Charts. Kier Group (KIE)delayed 05:00AM. We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website. If you would like to change your preferences you may do so by following the instructions here.

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Thursday, July 18


News

Is it time to buy the Kier Group share price?

KIE

Over the past 12 months, the Kier Group (LSE: KIE) share price has plunged nearly 92%, including dividends to investors. And following this decline, the stock is trading at what appears to be an attractive valuation. I will admit, even I’m attracted to this bargain-basement price, but is the stock worth buying at current levels, or is it a value trap? With any business, there’s always a chance that it will run out of money, but it seems as if Kier is funded for at least the next year. Even though Kier struggled to raise emergency funding via a £264m rights issue in December, chief executive Andrew Davies believes the company’s average monthly net debt will hit a maximum of £630m this year, well within debt facilities of £920m. As the group is also looking to offload some of its non-core business divisions, asset sales will also bolster its financial position. However, as I have explained before, Kier has a lot of off-balance-sheet debt, which management tends to overlook when publishing net debt figures. Because the company doesn’t publish these figures, it is difficult to tell if this debt is going to be a problem or not. As most of the borrowing is in joint ventures, you could argue that’s it’s not relevant to the business, and in this case, Kier appears to be financially stable. Earnings rebound. If you believe Kier has the financial resources to persevere with its restructuring efforts and stave off bankruptcy, the biggest threat facing the business is eliminated.

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Wednesday, July 17


News

Kier Group (LON:KIE) Shares Cross Below 50-Day Moving Average of $161.71 – Sundance Herald

KIE

Kier Group shares last traded at $85.00, with a volume of 4,203,426 shares traded. Liberum Capital reiterated a “buy” rating and issued a GBX 150 ($1.96) price objective (down from GBX 320 ($4.18)) on shares of Kier Group in a research report on Friday, June 14th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 514.25 ($6.72).

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Monday, July 15


News

Kier (LON: KIE) Share Price: What’s Next as Stock Continues to Tumble?

KIE LSE

The construction and property group saw its share price fall more than 14% last week, with things going from bad to worse on Monday as its stock tumbled a further 11%, with investors left wondering when it will find a floor. Kier share price has come under a lot of pressure this year, with the stock losing a little over 50% of its value at the start of June following a write-down. The company then saw its share price slide a further 40% two weeks later after its CEO Andrew Davies unveiled a major restructuring plan that will see 1,200 jobs slashed over the next 12 months as well as several business units. Due to its poor performance Kier has become the most shorted stock on the London Stock Exchange, with six funds collectively holding a 10.74% short position against the company, according to shorttracker.

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News

Are these 2 contrarian stocks better buys than the Kier share price?

KIE

Are these 2 contrarian stocks better buys than the Kier share price? Kier Group (LSE: KIE) is one example, as it has been hit by the same combination of construction malaise and high debt that saw off Carillion. Since new chief executive Andrew Davies took the helm, Kier’s focus has been relentlessly on the balance sheet, with assets and jobs shed across the board. I painted my picture of the downside of Kier Group as an investment recently, and since then I’ve had someone ask me when I think it will be safe to buy Kier shares again, and what price will make for a great recovery investment. Because, surely, there will be a price that’s too low, won’t there? How low can it actually go? Well, Kier shares are currently trading on a P/E multiple of only around 1.5. While, other things being equal, a lower P/E is better, a valuation that low means only one thing — the bulk of the market is seeing Kier Group as providing no value at all to existing shareholders.

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