image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates and Ideas

Keller - Worlds largest geotechnical contractor triggers 20% earnings upgrade

November 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • KLR
  • Price:
  • 916p
Over the month I met with Michael Speakman, the CEO of Keller, the world’s largest geotechnical contractor, which uses a range of specialist drilling and other equipment to improve the ground on which large structures such as high rise blocks, bridges and tunnels are built. When it listed in 1994, Keller generated sales of c. £200m and underlying operating profit of c. £10m but fast forward to the pre-pandemic peak of 2019 and these had increased to £2,300m and £103.8m (CAGR of 9% and 10% respectively) while dividends have grown seven-fold to 35p.The geotechnical sector is a worth a vast £40billion and while Keller doesn’t play in China, Japan, Korea or Russia, that still leaves  a £15 billion market in which its share is around 13 ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW