In reducing debt core turnover likely to fall Are you having a laugh? I think there is a long hard way to go before debt is eliminated. Banks can fund SR, MR cash flows, nothing unusual there. Come on guys let´s keep comments sane. Some of this is getting slapstick. Keir´s net debt was a good deal higher than analysts had expected, coming in at an average of £420m to £450m, versus market’s expectations for £360m.
In reducing debt core turnover likely to fall If debt is reduced or eliminated - how’s the working capital funded - surely business needs shrink hence today’s announcement of 1200 redundancies?
Kier strategy BOLSAMANIA Kier to cut 1,200 jobs as it looks to make annual savings of £55m Construction group Kier will cut about 1,200 jobs as it looks to reduce debt and deliver annual cost savings of around £55m from 2021. The role of the COO, Mr C Veritiero, in formulating K’s strategy and in the takeovers/integration must mean his position is in question?
Role of auditor The work of the auditor, advisers in relation to the rights issues should be reviewed. Why the high daily debt and loan facility when the company raised money to reduce debt and provide some working capital?
K's strategy and Brexit Come on bruv, I have got a sense of humour but there comes a point of pushing it a bit too far. A bit to easy blaming Britexit. What isthe difference between Kier´s finances & Carillions? If you look at the finances this goes a little beyond Britexit!!! STUPIDITY BLAMING BRITEXIT! Does this sound familiar? A listed government contractor has been hit by delays and cost overruns on a major NHS project. Its average net debt is rising and the reported number does not include hundreds of millions of pounds of supply-chain finance just to pay the bills. It has been making acquisitions and booking the goodwill at a higher value than the price paid. Yet it keeps increasing its dividends for shareholders.
K's strategy and Brexit Brexit has not been defined in terms of the future relations, hit to UK,deal or no deal, etc. It puts companies on edge and they hold back from investments, hiring or building a white elephant that is not wanted. Brexit is one part of K’s problems.
Ripley94 a walking disaster Jesus! Could you get this one more wrong? Have you ever thought about playing another game? A cursory look at their balance sheet and in particular the role of intangible assets and the nature of those assets shows that this comes 5 years too late and may well be insufficient. The previous boards have a lot to answer for. This looks like a Carillion 2
K's strategy and Brexit Why do you keep blaming Britexit?
Kier strategy Generate lower margin and div payouts (once (if ever) resumed) The SP looks to be going into oblvion. You wouldn´t touch it.
CEO quotes bank pulling exposure to 4 other contractors KIE… XXXXX Fridays gamble did not pay off 30% fall on open … rushing for meeting… Louise ringing hectic . Had a further go @ 116p bounced to 117p before dropping to 110p. Looks like market agreed with frogs post, which i did not see yesterday lol
Kier strategy If you consider: the profit generated by both Property and homes units, the write downs, dividend suspension 2019/20. The rump of the business left will generate lower margin and div payouts (once resumed).
K's strategy and Brexit [link] Willmott Dixon strategy of cutting its cloth to Brexit is be applauded. Makes you wonder why K didn’t cut its debt sooner? The Board cannot remain in place. In my opinion they need to go and face an Inquiry into their stewardship.
Div suspended RNS announcement confirms div suspended.
Kier update [link] Board need to go - now
Times reports Homes div to be sold Selling the Homes unit suggests to me that the other units, although profitable, cannot command the same sort of sale price?