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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Balfour Beatty Plc | LSE:BBY | London | Ordinary Share | GB0000961622 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.80 | -0.47% | 382.20 | 383.00 | 383.20 | 384.60 | 375.20 | 375.20 | 921,993 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 9.6B | 197M | 0.3628 | 10.56 | 2.08B |
Date | Subject | Author | Discuss |
---|---|---|---|
01/12/2014 10:44 | Thanks for the clarification both of you | smurfy2001 | |
01/12/2014 09:39 | smurfy...JLIF are paying or will pay in CASH to BBY..they are covering by their own share offer/placement, but as my Mike says above they have a great track record and yield, so very attractive to their shareholders. Offer is of course subject to due diligence but as the PPP assets were given a value of £1.1 Billion in the recent failed bid approach, the assets look pretty attractive. | cyberian | |
01/12/2014 09:36 | it's a cash bid | dealy | |
01/12/2014 09:28 | Share deal? Does not look attractive to me. | smurfy2001 | |
01/12/2014 09:24 | I can see this getting back to 250 very quickly now whilst the guessing and speculation goes on. On firm news I see us passing 300p an interesting few weeks ahead. | aspers | |
01/12/2014 09:18 | This move by JLIF is quite timely and may attract other interested parties, or a full T/O to split-up the various sectors/businesses. The share price now looks even more supported with cash element from the recent US sale already in hand. Plus we now have the UK Government committed to some massive infrastructure projects in the UK. Finally with the oil price fall providing some sectors with considerable benefits, inflation looks very weak going forward,and that in itself will further attract names seeking income/yield. | cyberian | |
01/12/2014 09:03 | John Laing fund prepares £1bn bid for Balfour assets John Laing Infrastructure Fund wants to buy the private public partnership portfolio of struggling construction firm Balfour Beatty. by Gavin Lumsden on Dec 01, 2014 at 08:34 John Laing Infrastructure Fund (JLIF + ) is making a £1 billion bid for the private public partnership portfolio of struggling construction firm Balfour Beatty. Following weekend reports the investment arm of John Laing, a rival construction firm, confirmed this morning that subject to due diligence it was making a non-binding proposal to buy the PPP assets in cash. Balfour Beatty (BALF + ) shares jumped 9p, or 5%, to 192p but after a string of profits warnings have lost about a third of their value this year. After resisting a takeover bid by Carillion in the summer it replaced all its senior management. JLIF shed 3p to 120.5p. According to reports the PPP portfolio has previously been valued at £1.1 billion and includes contracts to run student and military accommodation, roads and hospitals. This is a similar mix of assets JLIF already runs. The Guernsey-based investment company was spun off and separately listed on the London Stock Exchange in 2010, As with previous acquisitions, JLIF said it would finance the purchase by issuing shares to investors. Launched four years ago, JLIF is managed by David Marshall and Andrew Charlesworth. At 5.2% it is the highest yielding of four social infrastructure investment companies. It has generated a 13.5% total return for shareholders over three years. | mike740 | |
01/12/2014 07:53 | what would balfours have in terms of revenue if they sell the PPI stuff to JL for the billion quid? | dealy | |
01/12/2014 07:39 | John Laing Infrastructure Confirms Bid For Balfour Beatty PPP Portfolio | nw99 | |
01/12/2014 07:07 | A lot of press coverage across various papers going to be a interesting day | nw99 | |
30/11/2014 19:09 | I doubt 3.50 but I'd be selling and taking my profit. | smurfy2001 | |
30/11/2014 19:01 | I've never had shares in a company that could be taken over,so I'm sorry to ask a stupid question,but if they are bought out at £3.50 a share would you sell straight away or hold to see what transpires. | silver tortoise | |
30/11/2014 17:23 | The last time I checked the finance book the equity is owned by the shareholders...... | dealy | |
30/11/2014 17:05 | What would they do with the £1bn, wouldn't that leave shareholders in the lurch? | smurfy2001 | |
30/11/2014 16:37 | The market value assigned to the equity on Friday is a fraction of the what company is actually work either on an NPV basis or sum of the parts calculation. The company is not in a worse position than when the market value was nearly twice the current level one year ago (since then the PFI portfolio and the value of the US business have increased significantly, offset by the poor performance of the UK business). But overall these factors should even out meaning the 300 to 350p range from one year ago is likely to be a reasonable one. The company still has 8.5b GBP in revenue on a proforma basis now. | dealy | |
30/11/2014 15:43 | Balfour Beatty could be broken up as John Laing Infrastructure Fund considers a billion-pound bid for the company's investment arm, the Sunday Times reported. John Laing is interested in bidding for Balfour's 60 private finance initiative (PFI) contracts. It would leave Balfour with a business worth about £260m, based on its current market value. John Laing's interest might tempt Carillion to make another takeover attempt for Balfour after being rebuffed earlier in 2014. | nw99 | |
30/11/2014 14:30 | 250 perhaps | nw99 | |
30/11/2014 12:52 | Carillion more likely | tipjunkie | |
30/11/2014 09:37 | wonder what the break up value would be? Together with the cash pile from the US sale I think it could a lot higher than the current price. any thoughts welcom | dealy | |
30/11/2014 07:36 | News of a breakup bid in the Sunday Times possibility from J.Laing | nw99 | |
28/11/2014 13:23 | BBY Balfour Beatty on verge of breaking into a gap and proceeding up to 220p in quick order. Rec stock and TO Target. | mike740 |
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