From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

My plan to save Neil Woodford £3.5 million….the Kier clusterfuck gets worse

By Nigel Somerville | Tuesday 11 December 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Well the next disaster set to strike Neil Woodford looks to be Kier Group (KIE) again, for he appears to be caught between a rock and a hard place. We know that the rights issue was announced on 30 November and that Neil was on the hook for around £37 million from that. Yet as the shares crashed on the news, Woody was buying yet more, increasing his stake from 14.12% to 15.4% (15 million shares) by 4 December. But the shares now trade below the rights offer price. Uh-oh!

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 07:39:02