Kier Group - Re: KIE Stream Log - What a difference in two...

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11:27 19/07/2022

What a difference in two years. Debt has been paid down through asset sales and rights issue. Profit margin is running at over 3%; latest trading update shows a 26% increase in turnover - business will hit at least £4.5bn in full-year report which will be released in September 2022. No reported shorts on Kier. The business remains the largest UK regional construction business and has slimmed down its workforce to 12,000 staff from 18,000 at huge cost over the last three years. It is now lean and mean and making money. Dividends will not be too far away now. Shareprice is incredibly low due to inflation fears, but CEO's inflation strategy is reportedly working and has enabled the business to maintain profits.