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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 - 30 Jul 2012 17:21 - 2 of 172

http://www.moneyam.com/action/news/showArticle?id=4417121
Highlights include:



· Much improved Group result, with three out of four divisions ahead of last year

· Revenue up by 13%

· Operating profit more than doubled



· Continued market recovery in the US, the Group's biggest single market

· US revenue up by 27% in constant currency



· Good progress on business improvement initiatives



· Net debt of £118.9m (2011: £127.8m), representing 1.5x annualised EBITDA



· Interim dividend maintained at 7.6p per share



· Strong order book, 27% ahead of this time last year

· Work to be executed in next 12 months up by around 20%

dreamcatcher - 30 Jul 2012 21:03 - 3 of 172

Major US Contract Award
24 July 2012

Keller Group plc (“the Keller Group”), the international ground engineering specialist, announces that it has been awarded a contract worth approximately US$41m (£26m) to construct piles for a transmission line project in New Jersey.

The North Central Reliability Project covers a section of transmission line which is more than 50 years old and requires not only replacement, but also upgrading to carry higher voltage.

Two Keller Group companies, Case Foundation and McKinney Drilling, will install drilled shaft foundations for new monopole towers to replace the old lattice towers.

This critical line can only be taken out of service for brief intervals and, to minimise the outage, the foundations will be installed beneath the existing transmission wires, for which our equipment has been specially configured.

Approximately two thirds of our work is expected to be completed this year.

Justin Atkinson, Keller Chief Executive, commented:

“We are delighted to have been selected by Public Service Electric & Gas to work on this important project. This upgrade is one of many major US transmission line projects either in planning or currently underway, which are helping to support the recovery in US construction markets.

“The recent awards of this and other power-related work in the US demonstrate excellent progress against our objective of growing our market share in this vibrant sector.”

dreamcatcher - 01 Aug 2012 16:36 - 4 of 172

Keller Group climbed from 361.5p at the end of June to end July on 466p, for a rise of 29%. We expected strong interim results from the ground engineer, and they did not disappoint on 30 July, with a 13% rise in revenues and pre-tax profits trebled to £11m.

Full-year profits are expected to be at the top end of forecasts, and we're looking at a dividend of 5.2% for 2012, rising to 5.3% by December 2013.

The interim net debt figure stood at £119m, but that was down on last year's half-time level of £128m, and represents 1.5x annualised EBITDA. On those measures it doesn't look too bad, but it's still around 40% of the company's market cap. Still, those dividends do suggest the shares are cheap.

dreamcatcher - 13 Aug 2012 16:43 - 5 of 172

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

dreamcatcher - 05 Sep 2012 17:24 - 6 of 172

Keller Group briefly hit a new 52-week high this morning of 530p, beating yesterday's high point of 521p. Shares in the ground engineering specialist have had a great year, being down around 240p before Christmas, meaning they've more than doubled since then.

The latest surge was driven by half-year results, which showed revenue up by 13% and operating profit more than doubling. Full year forecasts put the shares on a price-to-earnings (P/E) ratio of 14, which is close to the long-term FTSE average -- but there's a sweetener in the form of an expected 4.5% dividend yield.

dreamcatcher - 19 Sep 2012 16:35 - 7 of 172

Nice and steady daily rises.

dreamcatcher - 24 Sep 2012 16:17 - 8 of 172

:-))

dreamcatcher - 16 Oct 2012 15:39 - 9 of 172

Capital Markets Day
16 October 2012

Keller Group plc (“Keller” or “the Group”), the international ground engineering specialist, is today hosting a Capital Markets Day in London for analysts and investors.

The purpose of the event is to update the market on how the Group’s strategy is being implemented and on developments in Keller’s four divisions. Presentations will be given by the Group’s four Divisional Managing Directors.

The presentations will also appear on Keller’s website from 3.30pm at http://www.keller.co.uk/investor/result-centre/results-archive/2012pres.aspx

No new material information will be disclosed and no updates on current trading will be given.

dreamcatcher - 19 Oct 2012 13:24 - 11 of 172

Keller: Jefferies keeps buy rating and 651p target.

dreamcatcher - 29 Oct 2012 18:10 - 12 of 172

Recovering nice and steady.

dreamcatcher - 06 Nov 2012 16:31 - 13 of 172

pushing north

skinny - 06 Nov 2012 16:34 - 14 of 172

Excellent find DC.

dreamcatcher - 06 Nov 2012 16:37 - 15 of 172

Thanks skinny, not got them all right but one or two look good at the moment, thanks again.

dreamcatcher - 06 Nov 2012 17:04 - 16 of 172

Engineer Keller Group has also had a great year, with its shares on a new 12-month high of 620p, giving shareholders a two-and-a-half bagger from their low of 240p last December.

The firm's interim results released in July showed a threefold increase in pre-tax profits and eps, though the dividend was maintained at 7.6p per share. There's a payout of around 3.7% forecast for the full year to December, though once again the shares are on a forward P/E of 16.

dreamcatcher - 11 Nov 2012 14:12 - 17 of 172

Final Thursday 15 Nov

dreamcatcher - 15 Nov 2012 07:03 - 18 of 172

RNS Number : 1648R

Keller Group PLC

15 November 2012






For immediate release Thursday, 15 November 2012



Keller Group plc

Interim Management Statement



Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, issues this Interim Management Statement covering the period from 1 July to 14 November 2012.



Overview



The Group has performed strongly in the four months to the end of October, with results exceeding the Board's expectations and ahead of the same period last year. Accordingly, our second-half results are expected to build on the improvements we reported in the first half of 2012.



This further progress is being driven primarily by our North American business where we are taking advantage of a gradual improvement in the construction market. In Asia, the Group is also trading well and elsewhere in the world, where market conditions are more challenging, our businesses are proving resilient: in EMEA, actions taken in the first half of the year will result in a much improved second half, whilst Australia is trading ahead of last year. All divisions have seen further benefits from the business improvement initiatives announced in February, particularly those focusing on strengthening risk management and increasing our participation in large projects.



For the Group as a whole, project awards since the half year have remained at a healthy level and the order book at the end of October was around 10% above last year.



The Group's 2012 full-year revenue is expected to be around £1.3bn, in line with market expectations. However, the Board now expects the 2012 full-year profit before tax to be significantly above the current range of market expectations.



Divisional Review



North America



The US construction market as a whole continues to show solid growth, albeit not at the levels experienced in the first few months of 2012, which benefitted from very benign weather. In the nine months to the end of September, residential construction was up 12% year-on-year and new housing starts were up around 25%. Non-residential construction was up by 7% in the same period. This growth was driven entirely by private expenditure; public expenditure on construction was down 3% year-on-year. Within private construction spend, the power segment has remained particularly strong and our focus on transmission line work means that we have been able to increase our exposure to this segment.



Against this backdrop, our North American business has been busy, with revenue growth for the financial year expected to outperform the growth in the construction market as a whole for 2012. The first-half recovery in Suncoast is continuing through the second half, with profitability steadily improving as volumes increase. Within our foundation contracting businesses, despite continuing overcapacity in many regions and market segments, margins are improving as the Group benefits from the refocusing of our business and our emphasis on higher-margin segments. The 2012 results have also benefitted from a good performance on several large projects.



Whilst we experienced some short-term disruption to our businesses in the North East of the US as a result of Hurricane Sandy, this is not expected to have a material impact on financial performance.



Europe, Middle East & Africa (EMEA)



In Europe, market conditions remain very challenging in most markets. Within the Middle East, Saudi Arabia has remained steady and we are seeing recent signs of increased activity in other parts of the region.



Across our EMEA division, we have cut costs and restructured businesses to a size and structure commensurate with their depressed markets. These measures, together with good progress on our major infrastructure projects in the UK and Poland, mean that the second-half result for the division will, as expected, be much improved on the first half.



Asia



Overall, our Asian markets have remained strong, helped by high levels of public spending on construction in Singapore and Malaysia. We have made excellent progress on our major project for Vale in Malaysia, which we are on track to complete in the first half of 2013. In India, a slowdown in the rate of economic growth, combined with high interest rates and political uncertainty, has pushed back several large infrastructure projects and led to lower volumes. For the region as a whole, the full year result should be in line with expectations.



Australia



The market conditions in Australia continue to reflect the two-speed economy, with the resources sector remaining strong, while infrastructure, commercial and residential remain depressed. Within the resources sector, the recent fall in iron ore prices has fed speculation as to whether forthcoming projects will go ahead as planned, although our existing LNG projects remain unaffected.



Our Australian business has made good progress on a number of large projects, including the Australia Pacific LNG Marine Off-loading Facility at Gladstone, where we are on target to complete our work ahead of schedule. In addition, we recently successfully completed our test piling programme for the major Wheatstone on-shore piling project.







Financial Position



There has been no material change in the financial position of the Group since the interim results announcement on 30 July 2012.



Outlook



For the Group as a whole, the full-year revenue is expected to be around £1.3bn, in line with market expectations. However, the Board now expects the 2012 full-year profit before tax to be significantly above the current range of market expectations.



Looking further ahead, at a macroeconomic level the outlook remains extremely uncertain. Europe continues to face a number of economic and political challenges, whilst the rate of growth in much of Asia appears to be slowing. In the US, where the construction market and economy as a whole are in the early stages of recovery, this recovery is threatened by the "fiscal cliff".



Despite this backdrop, the Board believes that corporate actions taken in recent years mean that the Group is better placed than ever to face whatever economic headwinds may materialise. Longer term, we remain confident that our strategy and our strengths will underpin sustained future growth.



Keller will issue a pre-close statement in respect of the year ending 31 December 2012 on 18 December 2012.

dreamcatcher - 15 Nov 2012 07:04 - 19 of 172

looks good,lets see at 8am

dreamcatcher - 15 Nov 2012 08:08 - 20 of 172

Going down good with investors up 9.5%

dreamcatcher - 15 Nov 2012 09:00 - 21 of 172

Keller will issue a pre-close statement in respect of the year ending 31 December 2012 on 18 December 2012.
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