Balfour Beatty Share Discussion Threads

[dealy] 31/10/2014 15:09

this company is going to be in a great position now. can't believe the stock hasn't reacted. i have added heavily this week. see 200p by year end.

[dealy] 29/10/2014 11:57

surprised that this hasn't bounced today. in great financial shape after this disposal and with an new CEO on board.

[haywards26] 28/10/2014 13:07

I see the resolution to pass the disposal of Parsons was passed today with a 93% margin.

I do think the new CEO given time will be able to turnaround BBY's performance, reputation and share price.

[cyberian] 28/10/2014 12:27

93% vote in favour of sale is pretty convincing with major Institutions obviously thinking that this is best for the company and a recovery in value for themselves!

[cyberian] 28/10/2014 10:40

OK...guess sale was approved at the 9.30am meeting at Goldman Sachs..pretty underwhelmed SP,so forward strategy has to await the new CEO on January 1st 2015. On balance the sale will give him a little more flexibility and hopefully a major turning point going into next year...looks like some major infrastructure will be forthcoming in the UK and in US...the UK Insurance/Pension funds have already stated that they have Billions available to support same in looking for returns of 5%. This will happen whether Labour or the Tories win next May....huge projects are under consideration, and BBY should benefit.

[cyberian] 28/10/2014 09:14

Again I was told by a friend who worked for BBY that the EGM or AGM is today..if so I hope that whatever the decision is on the US subsidiary sale that it will mark a new start for the CEO when he joins. He has obviously been well briefed as he would not have accepted the challenge that is ahead, and no doubt he already has some personnel changes etc. in his plans going forward. It also looks as though the major Institutions have been well informed as the share volume traded over recent days has been relatively modest.

[cyberian] 26/10/2014 21:09

EGM/AGM on Tuesday Oct.28th will be key day for approval of US Parsons B. sale...or NOT! So quite an event to look forward to..I guess the share price could move...probably higher whatever the decision. It could all be down to the new CEO's view, perhaps....personally think that he will be OK either way.

[garycook] 25/10/2014 06:35

Does anyone have any info,on the Dividend.Will it be maintained or reduced.Current Dividend cover as of 31/12/2013 was 1.42,but with the PB disposal will it be maintained ?

[neilyb675] 17/10/2014 14:49

Market loves LEO. See the reaction to his departure over at QinetiQ, THEY KNOW HE IS A SMART COOKIE.

164p LIVE
......UP 3.8%

[smurfy2001] 16/10/2014 15:50

Great but let's hope they manage this well!

[neilyb675] 16/10/2014 15:47

ANOTHER CONTRACT

[skinny] 16/10/2014 08:03

BALFOUR BEATTY CHOSEN FOR US $533 MILLION PROJECT TO CONSTRUCT MAJOR NEW HOSPITAL AND TRANSFORM TEXAS MEDICAL CAMPUS

Balfour Beatty plc announces today that it has signed a US$533 million contract (£329 million) to renovate and expand the Texas Medical Center campus in Houston, Texas, USA.

This complex project for the Memorial Hermann Healthcare System (MHHS) includes building a 17-storey hospital, implementing a building control system for the entire campus and ensuring all hospital services function fully throughout the four year construction timeframe, which starts imminently.

The new Hermann Pavilion 2 hospital will provide the Texas Medical Center with 24 additional operating theatres, further emergency rooms and intensive care wards, 160 new patient beds and six floors to further expand both wards and operating facilities. Connecting all building controls and fire alarm systems onto one platform for the entire campus will improve MHHS's overall control of systems and deliver significant energy consumption savings.

During its 27 year long relationship with MHHS, Balfour Beatty Construction has delivered more than 225 improvement projects.

Mark Layman, CEO of Balfour Beatty's US construction business, said: "This latest programme is a response to increasing healthcare needs as the population of the Houston area grows. A project of this complexity requires state-of-the-art construction methodology to ensure the ongoing health services are not disrupted. We will use the latest construction techniques, pre-fabricate off-site as much as possible and use digital technology to deliver this project efficiently."

Ends

[tiptv1] 15/10/2014 15:36

Zak Mir - Editor of Spreadbet Magazine and Nick "The Moose" Batsford: Balfour Beatty (BBY): Shares gap higher on new CEO

See more at:

[compound_dave] 15/10/2014 08:29

At least they've appointed a chap that has experience and a top track record. Let's hope his first move is to sack most of his board.

[skinny] 15/10/2014 07:19

Balfour Beatty announces Leo Quinn as new Chief Executive Officer

Balfour Beatty, the leading international infrastructure group, is pleased to announce the appointment of Leo Quinn as its new Chief Executive Officer (CEO). Mr Quinn will take up his new position and join the Board on 1 January 2015.

Mr Quinn joins Balfour Beatty after five years as Group Chief Executive of QinetiQ, which he has reshaped into a strong commercial competitor providing technology solutions in defence, security and aerospace. From 2004-2008 Mr Quinn created substantial value as CEO of De La Rue, the largest non-government printer of banknotes, and prior to that led a number of international business transformations as Global President of Honeywell Building Controls and COO of Production Management, the largest division of Invensys PLC.

[deanroberthunt] 14/10/2014 12:42

approaching long term support from 2003.....if that goes it's sub 100p.

[aspers] 13/10/2014 15:10

Could this be the start of the long haul back towards 225. If we finish blue on a day where every stock I own is showing a mass of red I will be happy with that!

[dealy] 13/10/2014 09:48

the sell off is so overdone here (and in other european mid caps) that it is bordering on the ridiculous. although the uk construction business has had some margin issues (not structural) the asset sales from this company have been excellent. everyone is forgetting about 3% UK GDP growth and upcoming infrastructure marshall plan type activities in Europe

[gisjob2] 13/10/2014 08:45

Dean they're selling PB because they need the cash to prop up an ailing contracting arm !

[deanroberthunt] 13/10/2014 08:21

They are selling PB cos Network Rail said they don't want / like a one stop shop, and could affect them winning work in the future......that's the trouble when you have a Dictatorship.

[salpara111] 11/10/2014 12:43

No point in investing until the auditors have had their say as you can bet they will do their very best to turn every stone over and find any remaining nasties.
I came so close to investing here and count my lucky stars that I hesitated.

[drunkard] 09/10/2014 17:20

Afternoon Chaps,
£1.50 my target buying in price am I being a mug ?

[rburtn] 09/10/2014 16:03

It is looking increasingly like the Carillon bid failed because of skeletons in cupboards and fear of directors of the consequences of not owning up. Certainly it is difficult to see how its rejection was in shareholders interests.