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KELLER GROUP PLC (KLR)     

dreamcatcher - 30 Jul 2012 17:16




We are the world's largest independent ground engineering specialist, renowned for providing technically advanced and cost effective foundation solutions. Our reputation is built on engineering excellence and a commitment to continual innovation.

Our services are used across the construction sector in infrastructure, industrial, commercial, residential and environmental projects. We have unrivalled coverage in Europe, North America, Australia, and South Africa and a growing presence in Asia, the Middle East and Latin America.

With an annual turnover of £1.5bn, we have around 9,000 staff world-wide with offices in more than 40 countries.

Our businesses
http://www.keller.co.uk/aboutkeller/businesses.aspx



Chart.aspx?Provider=EODIntra&Code=KLR&SiChart.aspx?Provider=EODIntra&Code=KLR&Si



Keller adds 7.3 percent after the engineering company reports first-half profits that more than trebled from a year ago.

"Keller's interim results show that the group is now back on the front foot after several difficult years of unprecedented volume declines in most of its key markets," Numis Securities says in a research note.

Numis maintains an "add" rating on Keller shares, while Investec keeps a "buy" rating, describing Keller's results as an "encouraging set of interims."

dreamcatcher - 01 Jun 2014 21:43 - 132 of 172

Ex dividend Wed 4 June 16p

dreamcatcher - 27 Jun 2014 07:13 - 133 of 172


Doc re pre-close trading statement

PRNW



For immediate release Friday, 27June 2014

Keller Group plc

Pre-close Trading Update

Keller Group plc ("the Group"), the international ground engineering
specialist, is providing the following routine, pre-close trading update in
advance of its results for the six months ending 30 June 2014, which are due to
be announced on Monday, 4 August 2014.

There have been no significant changes to the Group's trading or outlook since
the publication of our Interim Management Statement on 16 May 2014.

dreamcatcher - 31 Jul 2014 19:52 - 134 of 172


Doc re exceptional charge

PRNW



For immediate release 30 July 2014

Keller Group plc ("Keller" or the "Group")

Keller Group plc announces that it is to make a £30 million exceptional charge
in its 2014 half year results in respect of a dispute arising on a project that
Keller's UK subsidiary, Keller Limited, completed in 2008.

The dispute relates to purported defects in a floor slab at a warehouse for
which Keller Limited undertook the design and construction of the piling. These
purported defects are alleged by other parties to be due, in part at least, to
deficiencies in the provision of Keller's services.

The claims intimated against Keller Limited, which are currently the subject of
litigation, are denied and being vigorously defended. However, the Board has
determined that, given the uncertainties inherent in any litigation, it would
be appropriate to record an exceptional charge of £30 million in the Group's
2014 half year results. The amount is stated before taking account of
recoveries under applicable insurances which are yet to be agreed, as these
cannot be recognised under IFRS. The Group will update the market on future
developments when necessary.

dreamcatcher - 04 Aug 2014 16:43 - 135 of 172

Interim Results

Highlights include:



· Constant currency revenue is up 33%

· Excluding acquisitions, constant currency revenue increased by 22%

· Operating margin* of 4.5% (2013: 4.4%)

· Cash generated from operations £31.9m (2013: £30.2m)

· EPS* growth of 5%

· Interim dividend increased by 5% to 8.4p per share (2013: 8.0p)

· Net debt of £161.9m (1.2x annualised EBITDA)



http://www.moneyam.com/action/news/showArticle?id=4861775

dreamcatcher - 16 Aug 2014 17:15 - 136 of 172

Keller builds on strong foundations
By Trader Talk
August 16 2014, 7:00am


http://www.proactiveinvestors.co.uk/columns/trader-talk/16787/keller-builds-on-strong-foundations-16787.html

dreamcatcher - 31 Aug 2014 18:32 - 137 of 172

According to Shares the dip in the sp is well over done, with construction in evidence of recovery in the US and UK.

dreamcatcher - 16 Oct 2014 16:44 - 138 of 172


Director/PDMR Shareholding

PRNW



Keller Group plc ("the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES (PDMRs) AND CONNECTED PERSONS

The Company has been notified that Mr Paul Withers, Senior Independent
Non-executive director of the Company, today purchased 10,000 ordinary shares
in the Company at a price of 754.918p per share.

Following this purchase, Mr Withers' interests in Keller Group plc ordinary
shares are as follows:

Director and PDMR No. of shares % of issued share capital

Paul Withers 20,000 0.028


This announcement is made in accordance with DTR 3.1.4R.


Kerry Porritt
Group Company Secretary
16 October 2014


dreamcatcher - 17 Nov 2014 18:33 - 139 of 172


Interim Management Statement

RNS


RNS Number : 1379X

Keller Group PLC

17 November 2014






For immediate release Monday, 17 November 2014



Keller Group plc

Interim Management Statement

Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, today issues an Interim Management Statement, covering the period from 1 July 2014 to 16 November 2014.

Overview of Markets

In North America, which accounts for about half of the Group's revenue, the US construction market continues to increase steadily whilst in Canada we have seen no improvement in investment in the resources markets which underpin much of that country's economy. European markets as a whole remain difficult with few signs of improvement, whilst early signs of a recovery in the commercial and infrastructure sectors in Australia have dissipated in recent months. Our Asian construction markets are generally busy. The Board's expectation of the Group's results for the full year remains in line with current market expectations.

Trading

Overall trading for the Group in the four months to the end of October has been in line with expectations, with both revenue and operating profit ahead of the comparable period in 2013.

After a strong first half for contract awards, order intake has been somewhat slower in recent months and the value of the like-for-like order book at the end of October, for work to be executed over the next 12 months, is slightly behind the same time last year.

Financial Position

There has been no material change in the financial position of the Group since the announcement on 4 August 2014 of the Group's results for the half-year ended 30 June 2014.

In early October, the Group successfully secured US$125m of seven and ten year debt in the US private placement market on attractive terms. US$50m of this was drawn down on 9 October and was used to repay a maturing tranche of US private placement debt and the balance will be taken out on 16 December.

Exceptional item - contract dispute

On 30 July 2014, the Group announced an exceptional charge in relation to a contract dispute in the UK, expected to be around £30m. Despite extensive efforts by senior management to actively progress matters in the resulting litigation, there have been no material developments. The Group continues to manage this matter closely and will update the market as appropriate.

Divisional Review

North America

The improving US construction market continues to contribute to a strong performance from the Group's US businesses. Year to date revenue and profits are ahead of the comparable period last year in all of our US businesses and, at the end of October, the order book was close to record levels.

Due to current market conditions, however, margins in Canada remain under pressure. Since the half year, we have further reduced overhead costs at Keller Canada and successfully merged Geo-Foundations, a business based in Ontario acquired at the beginning of 2013, with Keller Canada's Toronto business.

Europe, Middle East and Africa (EMEA)

Conditions in our European construction markets remain challenging. Whilst there are signs of improvement in the construction markets in the UK and Poland, these are not replicated elsewhere. Overall, however, the results of our businesses in Europe remain ahead of last year, demonstrating the benefits of the Group's business improvement measures.

Franki Africa is performing in line with expectations and we see strong medium term prospects for the business. The Middle East has some good opportunities, but remains very competitive. We continue our prudent expansion in Latin America, with Brazil the key focus.

Asia

Our businesses in Asia are performing well. Trading in Singapore is on track whilst the recent acquisition of the Ansah business in Malaysia has offered a number of new opportunities. The trading environment remains challenging in India, but we have started to see some signs of improvement in both the construction market and our business.

Australia

The piling contract for the on-shore LNG processing plant at Wheatstone in Western Australia is now virtually complete. At around A$220m, the contract is Keller's largest ever and the excellent progress to date is testament to the Group's ability to harness its resources to undertake large and complex projects. The order intake in Australia has slowed significantly since July, as a result of which we have initiated a number of cost saving measures. Whilst we are now expecting a difficult first half in 2015, there remain a number of major prospects in the latter part of the year and into 2016.

Summary

Justin Atkinson, CEO of Keller, said, "We continue to expect the Group's results for the full year to be in line with current market expectations. Looking ahead, conditions in our largest market, the US, are encouraging and, across the Group, there are a number of exciting and large projects at various stages in the bidding process".

Keller will publish a pre-close full year statement on 19 December 2014 and announce its preliminary full year results on 2 March 2015.

dreamcatcher - 03 Dec 2014 22:25 - 140 of 172

3 Dec Liberum Capital 1,200.00 Buy

dreamcatcher - 19 Dec 2014 18:16 - 141 of 172


Trading Statement

PRNW



For immediate release Friday, 19 December2014

Keller Group plc

Year End Trading Update

Keller Group plc ("the Group"), the international ground engineering
specialist, is providing the following routine, pre-close trading update in
advance of its results for the financial year ending 31 December 2014, to be
announced on 2 March 2015.

There has been no significant change in market and trading conditions since the
release of the Interim Management Statement on 17 November 2014. The Board
therefore expects that the full year results will be in line with current
market expectations.

For further information, please contact:

Keller Group plc www.keller.co.uk
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director

Finsbury
Gordon Simpson 020 7251 3801
Rowley Hudson


Cautionary Statement

This announcement contains forward looking statements which are made in good
faith based on the information available at the time of its approval. It is
believed that the expectations reflected in these statements are reasonable but
they may be affected by a number of risks and uncertainties that are inherent
in any forward looking statement which could cause actual results to differ
materially from those currently anticipated. Nothing in this document should
be regarded as a profits forecast.

dreamcatcher - 19 Dec 2014 18:17 - 142 of 172

19 Dec Liberum Capital 1,200.00 Buy

dreamcatcher - 07 Jan 2015 16:39 - 143 of 172

Contract Award in Singapore
PRNW


For immediate release 7 January 2015

Keller Group plc

Contract Award in Singapore

Keller Group plc ("Keller"), the international ground engineering specialist,
announces that it has been awarded a major contract at Changi Airport in
Singapore.

The work comprises vibrocompaction of the ground as part of the land
preparation works for a major expansion of the airport. The contract is for a
total amount of SGD56m (£28m) and mobilisation has already commenced. The main
works start imminently and are expected to be completed by mid-2016.

Justin Atkinson, Keller Chief Executive, commented:

"I am delighted to announce Keller's involvement in such a prestigious
development. This contract award reflects both the Group's excellent track
record using vibrocompaction in Singapore and extensive experience in similar
airport construction projects around the world, including previously at
Changi."


dreamcatcher - 07 Jan 2015 16:41 - 144 of 172

7 Jan Liberum Capital 1,200.00 Buy
6 Jan Numis 1,070.00 Buy

dreamcatcher - 18 Jan 2015 10:02 - 145 of 172

16 Jan Berenberg 1,200.00 Buy
13 Jan Liberum Capital 1,200.00 Buy

goldfinger - 23 Jan 2015 08:19 - 146 of 172

23 Jan 2015 Keller Group PLC KLR Liberum Capital Buy 920.00 920.00 - 1,200.00 Reiterates

SP TARGET 1200p

dreamcatcher - 11 Feb 2015 17:06 - 147 of 172

Sharecast -


Keller settles on 2008 litigation claim

Wed, 11 February 2015



Keller settles on 2008 litigation claim



Keller has reached an agreement to settle against potential litigation, meaning final costs against a UK project dispute are not expected to exceed £60m.
The ground engineering group had announced last July that it would be taking an exceptional charge of £30m at its 2014 interim results due to a dispute arising on a project that its UK subsidiary completed in 2008.

"The final cost to Keller is dependent on a number of remedial actions to be undertaken as part of the settlement agreement but is not expected to exceed £60m, before taking account of any yet to be agreed insurance recoveries," the FTSE 250 company said in a statement on Wednesday.

As a result, Keller expects to make a further exceptional charge of between £20m and £30m in its 2014 full year results, not including potential future recoveries from insurance claims.

Keller will announce its full year results on 2 March.

dreamcatcher - 12 Feb 2015 13:59 - 148 of 172

12 Feb Numis 1,070.00 Buy

dreamcatcher - 23 Feb 2015 15:50 - 149 of 172

Contract award for major railway tunnel works i...
PRNW


For immediate release 23 February 2015

Keller Group plc

Contract award for major railway tunnel works in Austria

Keller Group plc ("Keller"), the international ground engineering specialist,
announces that it has been awarded a major contract in connection with the
construction of the Koralm railway line between Graz and Klagenfurt, in
southern Austria.

The work comprises jet grouting, bored piling and anchor works as part of the
soil preparation works above and beneath ground for the construction of a major
tunnel project on this key railway line in Austria. The total volume of the
works awarded to Keller is 31.2m (£23.1m). The project will start in the
second quarter of 2015 and is scheduled to run for a period of around two
years.

Justin Atkinson, Chief Executive of Keller, stated:

"I am delighted to announce another major project for Keller in connection with
an important infrastructure investment. This contract win, which involves a
number of different products and requires significant specialist skills, is a
testament to the technical excellence of Keller's market leading business in
Austria."

For further information

dreamcatcher - 02 Mar 2015 16:17 - 150 of 172

Preliminary results

Highlights include:



· Record revenue of £1,599.7m (2013: £1,438.2m), up 11%

· Operating profit* increased by 18% to £92.0m, despite an adverse currency impact of £9.3m

· Operating margin* raised to 5.8% (2013: 5.4%)

· Profit before tax* increased to £85.1m (2013: £74.1m)

· Earnings per share* of 75.3p (2013: 73.0p)

· Cash from operations of £165.4m, representing 117% of EBITDA* (2013: 106%)

· Total dividend per share of 25.2p (2013: 24.0p), an increase of 5%



/////////////////////////////////////////////////////////////////////////////////////////////////


2 Mar Investec 1,420.00 Buy

dreamcatcher - 04 Mar 2015 19:17 - 151 of 172

4 Mar Numis 1,220.00 Add
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