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Kier Group – Bailout Fundraise of £241m…..time for more Ouzo!

By Nigel Somerville | Thursday 13 May 2021


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.


This morning’s announcement of a £241 million fundraise by fully-listed Kier Group (KIE) comes as no surprise to me in the wake of last month’s FY20 numbers which showed a company technically insolvent as net current assets were MINUS £297.5 million. Time for some Ouzo…..

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