Why you should keep the faith in Kier Group

Engineering firm Kier Group has hit trouble, but the core business looks sound, says Matthew Partridge.

951-trading-kier-group

Crossrail is one of Kier's key projects

The turmoil at Neil Woodford's main UK fund has caused the share price of the companies in its portfolio to slip. The thinking is that as soon as the temporary restrictions on redemptions are lifted he will be hit by a wave of investors demanding their money back. Since Woodford won't be able to sell the less liquid investments that are at the root of the current problems, he will be forced to dump his remaining listed companies, which will push their share price down even further.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri