By Nigel Somerville | Thursday 19 September 2019
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.
Fully-listed Kier Group (KIE) has released its full year results to June this morning, and alongside them came the announcement that the Chairman is off. The market doesn’t seem to know how to take the numbers, and having closed yesterday at 132p the shares have wandered between 113p and 140p so far today and last seen sat almost unchanged. But one thing is sure: Neil Woodford looks a right Charlie, having piled in for ever more stock since the long-term collapse from around £8 per share at the start of last December as a flopped rights issue, management change, a strategic review and the scrapping of the dividend all took their toll...
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