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Do you have a link on Andrew Davies' quote about other contractors Ripley? Regarding patience, not an awful lot needed in my opinion. The share had been talked down and shorted hard and Davies kitchen-sinked all the issues in his review. The share price dropped steeply. There are loads of tip sheets and broker notes now talking about Kier. I reckon a p/e ration of about 6 would be conservative and on the earnings that will be reported in September, I think that will be over £4 a share. That's my medium term target and looking at the speed of the fall, I think it could get back there in a month or two.
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