Balfour Beatty Share Discussion Threads

[smurfy2001] 23/3/2015 09:59

Decided to dump my shares @ 228.5 and take around 12% profit plus dividend. Long term i'm sure it will work out but need the cash elsewhere.

[swsmith20] 23/3/2015 09:48

Wonder how much of this is already priced in or could we see a significant drop when the results are released?

[smurfy2001] 23/3/2015 09:28

Balfour Beatty is expected to announce annual losses of up to £260m and a suspension of the final dividend this week, as new chief executive Leo Quinn lays out his plans to tackle troubled contracts and turn around the beleaguered construction firm.

The new boss has undertaken a forensic inspection of the whole of the business since joining in January and could use Balfour’s full-year results to recognise an additional £200m in losses, according to City analysts.

“We would not be surprised by £100m to £200m of contract provisions, relating to further prudence in UK construction and a fresh assessment of the overseas business,” said Joe Brent, from broker Liberum.

A review of about a fifth of the business by at the start of the year uncovered a £70m hole in the accounts, the overall impact of which the City has struggled to quantify. Analyst forecasts range from a pre-tax loss of between £60m and £260m to the end of December, down from profits of £32m in 2013.

“We recognise the fact that Balfour is not yet out of the woods in terms of profit warnings, and there is still a chance that 2015 may contain a nasty surprise,” said Sam Cullen from broker Jefferies.

[kazz] 19/3/2015 11:03

OK, cheers

[smurfy2001] 19/3/2015 10:50

Kazz,

RBS is on my radar right now.

Check my chart on the RBS board.

[kazz] 18/3/2015 20:45

Anything on the horizon you are looking to get into Smurfy,as I have a similar investment style to you.Bought into IMG today.
Regards...Kazz

[tiger20] 18/3/2015 07:50

Balfour Beatty own Blackpool Airport which is now closed or closing.

Could be something in the budget about making this area an Enterprise Zone with government funding which may help BBY share price today. imo dyor

[cockneyrebel] 16/3/2015 07:13

p>LONDON (Alliance News) - Jefferies has raised Balfour Beatty to Buy from Underperform and its price target to 270.00 pence from 115.00p, saying that will new management installed and a turnaround underway, it's looking to 2016 and 2017 profits to drive its valuation.
"Applying recovery multiples to our 2016 and 2017 estimates implies a price target of 270p, hence we upgrade our rating to Buy. Though construction risks remain for 2015, we take comfort in the group’s GBP1.3 billion PPP portfolio and the incoming management’s LTIP," it writes in a note to clients.
Jefferies says the company is well set to fix the internal problems that have plagued the business over the past 18 months and "ride the wave of construction market recovery in the UK and US".
"We believe Balfour should refocus its attention on the infrastructure projects on which its heritage was built. In our view, larger, more complex projects have fewer bidders, higher margins, are lower risk and help to attract and retain top talent. Moving from the vicious circle of the last 18 months to a virtuous circle will be key to the turnaround," it says.
The broker says it realises that Balfour isn't out of the woods yet in terms of profit warnings and 2015 could yet contain some nasty surprises. However, the scale and strength of the group’s PPP portfolio gives it some comfort, and leaves the remaining businesses trading on 5.1 times 2015 EV/EBITDA, an undemanding multiple in its view.
"In terms of LTIP, our base-case estimates imply the new CEO stands to pick up just 61% of his final award in 2018; some investors may wish to be more optimistic," it adds.
Balfour Beatty shares closed at 227.40p on Friday.

[kazz] 12/3/2015 14:33

Hope so CR

[cockneyrebel] 12/3/2015 13:56

Everyone getting ready to buy off the two support lines?


free stock charts from uk.advfn.com

[haywards26] 09/3/2015 22:54

Lots of news has been issued of late. Sentiment has improved remarkably as has the share price, driven by the new bod and removal of the previous incumbents...

[cockneyrebel] 04/3/2015 14:53

Nice intraday bounce off the trendline imo.

CR

[milliepeed] 04/3/2015 14:36

Anyone think this is ready to punch through to 270 next?

[milliepeed] 04/3/2015 14:33

That was first announced on 27th February smurf..

[smurfy2001] 04/3/2015 10:38

BALFOUR BEATTY IN JOINT VENTURE FOR THAMES TIDEWAY TUNNEL
Balfour Beatty in a joint venture with BAM Nuttall Ltd and Morgan Sindall Plc has been chosen as the preferred main works tenderers for a section of the new Thames Tideway Tunnel.

The tunnel will be the biggest infrastructure project ever under taken by the UK water industry and will ensure London's sewerage system is 'fit for purpose' by preventing millions of tonnes of sewage pollution from being discharged into the tidal River Thames every year.

[smurfy2001] 02/3/2015 15:54

Construction and infrastructure group Balfour Beatty to build 1,500 homes on Olympics site in £400m dea

[k3ndo] 23/2/2015 07:53

Nice contract win

[cockneyrebel] 17/2/2015 12:11

LONDON-- Infrastructure group Balfour Beatty PLC (BBY.LN) Tuesday announced a transformation program aimed at increasing shareholder value and maximizing returns.
The program will include consolidation to leverage key U.K. functions and streamlining the group property portfolio to reduce costs, the company said.
"The Group's recent trading makes it imperative to gain early momentum in our transformation plans," said Chief Executive Leo Quinn.
"Whilst further challenges remain, there are clear opportunities to achieve improvements in cash generation and profitability in the near term," he added.
Shares at 1104 GMT, unchanged at 238 pence valuing the company at GBP1.64 billion.

[smurfy2001] 16/2/2015 17:37

Balfour sells down stake in wind farm power connector

Balfour Beatty cuts stake in cable connecting windfarm to mainland as it makes first sale of investment portfolio asset since JLIF approach

[cockneyrebel] 04/2/2015 09:12

New recent highs

[cockneyrebel] 03/2/2015 10:02

Through the recent closing high.

CR

[cockneyrebel] 03/2/2015 08:24

Up on volume yesterday

CR