Keller Group (KLR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

612.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 876.00
  • 52 Week Low: 445.50
  • Currency: UK Pounds
  • Shares Issued: 72.09m
  • Volume: 74,833
  • Market Cap: £441.21m
  • RiskGrade: 321

Keller Group to boost payout, appoints new chief executive

By Duncan Ferris

Date: Thursday 12 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Keller Group announced changes to its trading and dividend plan on Thursday, while the business also confirmed the appointment of its interim chief executive on a permanent basis.
Following a review of its strategy, the specialist geotechnical contractor will now focus on large attractive projects and markets where it holds a dominant position as it seeks to become a higher quality business with industry leading margins.

The London-listed company added that, in addition to the normal 5% increase to its annual dividend, the board now intends to declare a non-recurring supplementary dividend of 2.3 pence per share for 2019 and of 4.4 pence per share for 2020.

New permanent chief executive Michael Speakman, who previously served as chief financial officer, said: "The newly enhanced strategy provides greater clarity and creates exciting opportunities to grow shareholder value significantly in the coming years.

"The board's decision to return excess capital to shareholders in the form of supplementary dividends for the financial years 2019 and 2020 evidences the board's confidence in the group's prospects."

Keller added that its current year performance is expected to meet expectations, with the its Asia Pacific division set to return to profit following restructuring efforts.

North American operations are currently being reorganised, while Keller intends to withdraw from South America, where conditions have remained challenging.

Finally, the company also confirmed that Paul Withers, senior independent director and chairman of the remuneration committee, will retire from the board in May 2020.

Keller Group shares were up by 5.79% at 676.00p at 1231 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Keller Group Market Data

Currency UK Pounds
Share Price 612.00p
Change Today 12.00p
% Change 2.00 %
52 Week High 876.00
52 Week Low 445.50
Volume 74,833
Shares Issued 72.09m
Market Cap £441.21m
RiskGrade 321

Keller Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.42% above the market average34.42% above the market average34.42% above the market average34.42% above the market average34.42% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
2.39% above the market average2.39% above the market average2.39% above the market average2.39% above the market average2.39% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Income
82.94% above the market average82.94% above the market average82.94% above the market average82.94% above the market average82.94% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Growth
35.62% above the market average35.62% above the market average35.62% above the market average35.62% above the market average35.62% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Keller Group Dividends

  Latest Previous
  Final Special
Ex-Div 30-Jul-20 30-Jul-20
Paid 21-Aug-20 21-Aug-20
Amount 25.10p 2.30p

Trades for 26-May-2020

Time Volume / Share Price
16:35 39,614 @ 612.00p
16:29 108 @ 613.00p
16:29 262 @ 612.00p
16:29 19 @ 612.00p
16:29 75 @ 609.00p

Keller Group Key Personnel

CEO Michael Speakman

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