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Kier went up 30% because the RNS revealed that debt was reducing, not spiralling out of control. Also, the news about the sale of the housebuilding division (Kier Living) will bring debt down to a very manageable level and it sounds as though the sale has been largely agreed. I'll be more confident when the deal is done. Also, revenue is good; £4.2bn previous yr, only slightly less this last yr at £4.1bn. Also new FD to replace Bev Dew who messed things up a little when he misreported debt earlier this year - lost the trust of investors.
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