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United Kingdom

Keller Group PLC (KLR.L)

KLR.L on London Stock Exchange

1,050.00GBp
16 Jan 2018
Change (% chg)

6.00 (+0.57%)
Prev Close
1,044.00
Open
1,048.00
Day's High
1,050.00
Day's Low
1,046.00
Volume
42,441
Avg. Vol
53,941
52-wk High
1,072.00
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790.00

Latest Key Developments (Source: Significant Developments)

Britain's Keller Group in talks to acquire U.S. firm Moretrench
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Keller Group Plc ::POTENTIAL ACQUISITION.‍IN DISCUSSIONS TO ACQUIRE MORETRENCH INC., A GEOTECHNICAL CONTRACTING COMPANY OPERATING PREDOMINANTLY ALONG EAST COAST OF US.​.‍MORETRENCH HAS A STRONG HERITAGE OF COMPLEX GEOTECHNICAL PROJECTS AND, IN 2016, HAD REVENUE OF US$170M, OPERATING PROFIT OF US$9.3M AND EBITDA OF US$13.9M​.‍ACQUISITION, SHOULD IT PROCEED, WILL BE FUNDED WHOLLY IN CASH USING EXISTING BORROWING FACILITIES.​.‍ACQUISITION GIVES KELLER ACCESS TO NEW NICHE GEOTECHNICAL PRODUCTS AS WELL AS NEW INDUSTRIAL CUSTOMERS AND SHOULD HAVE GOOD REVENUE AND COST SYNERGIES.​.‍ACQUISITION REMAINS SUBJECT TO SATISFACTORY COMPLETION OF DUE DILIGENCE.​.  Full Article

Keller Says U.S. Tax Reform To Benefit Future After Tax Earnings
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Keller Group Plc ::‍US TAX REFORM LEGISLATION​.‍KELLER EXPECTS THIS TAX REFORM LEGISLATION WILL BENEFIT ITS FUTURE AFTER TAX EARNINGS.‍EXPECT 2017 EARNINGS TO BENEFIT FROM ONE-OFF NON-CASH CREDIT TO INCOME STATEMENT DUE TO US DEFERRED TAX LIABILITIES.‍BASED ON NET LIABILITIES AT END OF 2016, CASH CREDIT IS EXPECTED TO BE AROUND US$10M​​​.  Full Article

Keller Group says remains on course to meet board's expectations for full year
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Keller Group Plc :‍FOR GROUP AS A WHOLE, BOTH REVENUE AND PROFIT IN FOUR MONTHS SINCE HALF YEAR ARE AHEAD OF SAME PERIOD LAST YEAR​.‍REMAINS ON COURSE TO MEET BOARD'S EXPECTATIONS FOR FULL YEAR​.‍HURRICANES HARVEY AND IRMA RESULTED IN LOST PRODUCTION ON SOME SITES IN FLORIDA AND TEXAS FOR PERIODS OF UP TO TWO WEEKS IN Q3​.‍EXPECT HEIGHTENED FOCUS ON HURRICANE AND FLOOD DEFENCES TO LEAD TO INCREASED INVESTMENT OVER TIME​.‍OPERATING PROFIT IN NORTH AMERICA WILL DECLINE IN 2017​.‍GROUP IS EXPECTED TO BENEFIT FROM PROPOSED US CORPORATE TAX CHANGES​.‍EMEA'S UNDERLYING PERFORMANCE IS EXPECTED TO CONTINUE TO IMPROVE NEXT YEAR​.‍APAC, PRICING REMAINS CHALLENGING IN CERTAIN MARKET SEGMENTS​.‍CONTINUE TO EXPECT THAT APAC WILL RETURN TO PROFITABILITY IN 2018​.  Full Article

Keller says awarded Abu Dhabi contract
Tuesday, 9 Aug 2016 

Keller Group Plc : Announces that it has been awarded a major contract in abu dhabi . Work comprises ground improvement works and will be conducted in a 50-50 consortium. Total contract is valued at around £50m .Work is expected to commence imminently and to be completed by q3 2017.  Full Article

Keller H1 revenue of 850 mln stg, up 12 pct
Monday, 1 Aug 2016 

Keller Group Plc : Interim dividend up 5 percent to 9.25 penceper share . Operating profit before exceptional items 1 down 6% . Medium-Term objectives on track to deliver . Apac made a loss in period, due to market conditions and project delays, but we expect a return to profitability in second half of year. .Record first half revenue of £850m, up 12%.  Full Article

Keller says on course to meet board's expectations for FY
Tuesday, 24 May 2016 

Keller Group Plc : Has been no significant change in market trends since we reported group's 2015 results on 29 february . Both revenue and profit in four months to end of april are slightly above last year . At end of april, group order book of work to be undertaken over next 12 months, including acquisitions, was 15% higher year over year .Group remains on course to meet board's expectations for full year.  Full Article

Keller Group buys warehousing facility for 62 mln stg
Friday, 13 May 2016 

Keller Group Plc : Acquired freehold of a processing and warehousing facility at Avonmouth, near Bristol, for £62m . Acquisiton from GJ3 limited and GJ4 Limited, . Pursuant to a settlement agreement in connection with previously announced contract dispute arising on a project completed in 2008 . Expects to recoup most, if not all, of purchase price on sale .Purchase has been largely financed by a new bank facility raised for this purpose.  Full Article

BRIEF-Keller Says U.S. Tax Reform To Benefit Future After Tax Earnings

* ‍KELLER EXPECTS THIS TAX REFORM LEGISLATION WILL BENEFIT ITS FUTURE AFTER TAX EARNINGS