KIE.L - Kier Group plc

LSE - LSE Delayed price. Currency in GBp
114.40
+3.20 (+2.88%)
At close: 4:58PM BST
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Previous close111.20
Open112.00
Bid115.60 x 0
Ask116.70 x 0
Day's range110.50 - 118.40
52-week range58.40 - 1,109.47
Volume1,907,702
Avg. volume3,485,941
Market cap185.461M
Beta (3Y monthly)0.60
PE ratio (TTM)3.89
EPS (TTM)29.40
Earnings date19 Sep 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend date2019-03-28
1y target est725.45
  • Reuters - UK Focus

    UPDATE 2-Balfour Beatty defies UK construction gloom with stellar results

    Shares in Balfour Beatty rose 13% after its underlying profit more than tripled in Britain where it is working on lower risk contracts such as major road improvements, a rail link, and a nuclear power station. Balfour has sought to shore up cash and profitability in Britain as the infrastructure sector gets fewer contracts since the country voted to leave the European Union.

  • Why I’ve changed my mind about this 5% dividend yielder and what I’d buy instead
    Fool.co.uk

    Why I’ve changed my mind about this 5% dividend yielder and what I’d buy instead

    I reckon it pays to invest with a great deal of caution. But sometimes stocks can look attractive yet still harbour ‘hidden’ downside risks

  • Is it time to buy the Kier share price after today’s positive update?
    Fool.co.uk

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

    Kier Group plc (LON: KIE) is moving in the right direction, but investors might want to watch any progress from the sidelines.

  • Reuters - UK Focus

    UPDATE 2-Shell, Fed stance weigh on FTSE 100; BoE action hurts mid-caps

    London's FTSE 100 ended flat on Thursday despite a profit miss from Shell and dampened hopes of big U.S. interest rate cuts, while the mid-cap FTSE 250 index slipped after Brexit worries led the Bank of England to cut its growth forecasts. Losses were contained by BAT and as London Stock Exchange surged 6.5% to an all-time high after a deal to buy financial information firm Refinitiv, in which Reuters News parent Thomson Reuters holds a 45% stake.

  • Is it time to buy the Kier Group share price?
    Fool.co.uk

    Is it time to buy the Kier Group share price?

    Kier Group plc (LON: KIE) has fallen substantially, but is it worth catching this falling knife?

  • Are these 2 contrarian stocks better buys than the Kier share price?
    Fool.co.uk

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

    Kier Group plc (LON: KIE) is one stock among many that has contrarian investors perking up. Here's what I'd do about it.

  • One share I think has huge potential and one I think could give investors a bloody nose
    Fool.co.uk

    One share I think has huge potential and one I think could give investors a bloody nose

    Andy Ross looks at two very different companies and asks: will the winner will keep on winning and the loser keep on losing?

  • Warning: I think the Kier share price could fall another 90%
    Fool.co.uk

    Warning: I think the Kier share price could fall another 90%

    Kier Group plc (LON: KIE) looks cheap, but investors should be prepared for further declines, says this Fool.

  • Are Kier Group shares set to rebound, or go bust?
    Fool.co.uk

    Are Kier Group shares set to rebound, or go bust?

    Bottom-picking in the search for great recovery share prospects is very tempting. But can it pay off for Kier Group plc (LON: KIE)?

  • Could Kier and Thomas Cook shares be bargains of the year?
    Fool.co.uk

    Could Kier and Thomas Cook shares be bargains of the year?

    G A Chester discusses the turnaround prospects for Kier Group plc (LON:KIER) and Thomas Cook Group plc (LON:TCG).

  • Could Kier Group go bust?
    Fool.co.uk

    Could Kier Group go bust?

    With job cuts, suspended dividends and Neil Woodford as an investor, is Kier Group plc (LON: KIE) going to last? Karl Loomes is not so sure.

  • Is the Kier share price heading for zero?
    Fool.co.uk

    Is the Kier share price heading for zero?

    Roland Head updates his view on Kier Group plc (LON: KIE) following recent developments.

  • Do you have to be brave or stupid to buy the Kier share price?
    Fool.co.uk

    Do you have to be brave or stupid to buy the Kier share price?

    Stricken construction firm Kier Group plc (LON: KIE) is cheap, but too much of a risk for Harvey Jones.

  • Reuters - UK Focus

    UPDATE 2-FTSE 100 enjoys best day in 4 months after Draghi's "appetizer"

    London's main stock index recorded its best one-day gain in more than four months on Tuesday as a promise of more stimulus if required from European Central Bank (ECB) chief Mario Draghi lifted UK shares across sectors. The FTSE 100 index ended 1.2% higher, after having earlier touched levels not seen in two months, and the FTSE 250 midcap index added 0.8% after Draghi said the central bank would need to ease policy again if inflation did not head back to its target. The ECB's comments came in the midst of a two-day meeting of the U.S. Federal Reserve that money market pricing shows should clear the way to a cut in interest rates by the central bank next month.

  • Struggling Kier to cut 1,200 jobs and sell non-core businesses
    Sky News

    Struggling Kier to cut 1,200 jobs and sell non-core businesses

    Construction and services firm Kier Group is to cut 1,200 jobs and non-core businesses as it seeks to turnaround its fortunes. The company, which has been the subject of speculation over its financial health in the wake of the collapse of Carillion, launched a strategic review in April - weeks after chief executive Haydn Mursell was effectively ousted by shareholders. The review found an insufficient focus on cash generation after years of expanding the company's interests.

  • Bloomberg

    Where Financial Carnage Comes as Part of the Contract

    (Bloomberg Opinion) -- Serco Group Plc CEO Rupert Soames frequently boasts that the U.K. contracting firm was an early adopter of financial carnage – to stress that the business is now the better for it.Pulling through a crisis five years ago has given Soames the credibility to embark on M&A, and he has had his eye on defense contractor Babcock International Group Plc.Contrast this with construction group Kier Group Plc, which on Monday reminded investors just what financial carnage looks as it unveiled a plan to shrink and cut debt.Government contracting is a potentially attractive business – but when it goes wrong, it can be a disaster. Memories of Carillion Plc’s bankruptcy may still be fresh in investors’ minds. At least Serco shows that these businesses can, eventually, pull through.With the shares at a two-year high, Serco is in the luxurious position of being able to fund deals by selling stock. It has come a long way since 2014’s emergency rights offering. A takeover of Babcock – which has a market value of about 2.5 billion pounds ($3.2 billion) against Serco’s 1.7 billion pounds – would be ambitious and involve issuing stock to Babcock shareholders.The move looks opportunistic: The target’s shares have halved in the last two years, its management is out of favor, and a recent investor day prompted a lukewarm response.The combination would seem to offer more to Serco than to Babcock – unless there were a significant premium to compensate, and the relative size of the businesses would make such a thing hard to engineer.Serco hasn’t been fully rehabilitated; its dividend remains suspended. Babcock, which does pay a dividend, has niche businesses in aerospace and defense with better-than-average margins. Much as its shareholders may admire Soames, a deal would surely dilute the quality of the Babcock business. It’s not hard to see why the target rejected talks following an approach earlier this year.Kier, 10%-owned by beleaguered investor Neil Woodford, is finally doing the same things as Serco did during its crisis – selling assets, changing management and raising equity – albeit in the wrong order. December's 250 million-pound rescue rights offering has already been exhausted and the company is only now just embarking on a radical self-help program. Its market value today is just 178 million pounds.It’s now clear there is much that Kier could have done by way of restructuring before asking shareholders to stump up last year. New CEO Andrew Davies is jettisoning businesses, such is its residential property construction arm, that drain working capital and have few synergies with the core contracting operation, which is focused on infrastructure and highways. The dividend is going altogether, as are 1,200 jobs, largely from corporate center.Kier points to the absence of near-term debt maturities, which should give it some breathing space. But the company appears to be a forced seller and will need to attract competing bids to inject some tension into the sale process.This is an uncomfortable position to be in given the uncertainty around Brexit. The financial strains are now dictating strategy after an aggressive program of expansion by acquisition left the company short of cash.It is possible Kier will pull through, its share price will pick up and that one day Davies, like Soames, will be able to look back and joke about financial carnage. For investors right now, that moment seems an incredibly long way off. As for Serco, its acquisition currency may not yet be tempting enough, and its target’s woes not painful enough, to make a deal with Babcock a reality.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 2-Banks support FTSE 100 even as airlines hit by Lufthansa warning

    London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low. Both the FTSE 100 index and the FTSE 250 midcap index ended 0.2% higher.

  • Reuters - UK Focus

    UPDATE 3-Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

    Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business. Shares in Kier, which has contracts for London's Crossrail project, fell 13% to a new low of 114 pence after the strategic review was rushed out on Monday by Chief Executive Andrew Davies, who took charge in April. Kier is the latest company to run into trouble in the British outsourcing sector, which provides essential services to central government, local authorities and other public bodies.

  • Kier to sell housing businesses, cut 1,200 jobs and suspend dividend
    Reuters

    Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

    Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business. Shares in Kier, which has contracts for London's Crossrail project, fell 13% to a new low of 114 pence after the strategic review was rushed out on Monday by Chief Executive Andrew Davies, who took charge in April. Kier is the latest company to run into trouble in the British outsourcing sector, which provides essential services to central government, local authorities and other public bodies.

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