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Kier (nod to MarkSP)
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Newbie
Posted: 05 July 2024 10:55:38(UTC)
#11

Joined: 31/01/2012(UTC)
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MarkSp;311041 wrote:
Lively day

Stockily enough I also had a 200 target price in mind.
Those sniper shots seem to have paid off.
Same course of action for AT.
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Phil 2 on 05/07/2024(UTC)
MarkSp
Posted: 12 July 2024 15:58:04(UTC)
#12

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Looks like it is holding > 150 so onwards and upwards
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Newbie on 12/07/2024(UTC), Phil 2 on 13/07/2024(UTC)
Phil 2
Posted: 18 July 2024 07:00:42(UTC)
#13

Joined: 20/07/2018(UTC)
Posts: 2,107
Trading update out today. All very “in line” by the looks …?

Full Year 2024 Trading Update

Kier Group plc ("Kier" or "the Group"), a leading infrastructure services, construction and property group issues a trading update for the year ended 30 June 2024, ahead of publishing Full Year 2024 ("FY24") results on 12 September 2024.

Highlights

· Revenue and profit expected to be in line with market expectations

· High quality year-end order book of c.£10.8bn

o c.85% of revenue for FY25 already secured

· Free cash flow outperformed FY23

· Net cash position at year-end of c.£165m, more than double the prior year-end (FY23: £64m)

· Average month-end net debt halved to c.£(115)m (FY23: £(232)m)

· Resumption of dividends with first interim distribution paid in May 2024

· Refinancing complete with maturity profile out to 2029

Trading

The Group's full year FY24 results are anticipated to be above the prior year and in line with market expectations, reflecting a strong operational performance.
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