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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Balfour Beatty Plc | BBY | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
459.80 | 450.00 | 459.80 | 454.80 | 450.40 |
Industry Sector |
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CONSTRUCTION & MATERIALS |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
14/08/2024 | Interim | GBP | 0.038 | 31/10/2024 | 01/11/2024 | 06/12/2024 |
13/03/2024 | Final | GBP | 0.08 | 16/05/2024 | 17/05/2024 | 03/07/2024 |
16/08/2023 | Interim | GBP | 0.035 | 26/10/2023 | 27/10/2023 | 05/12/2023 |
15/03/2023 | Final | GBP | 0.07 | 18/05/2023 | 19/05/2023 | 05/07/2023 |
17/08/2022 | Interim | GBP | 0.035 | 27/10/2022 | 28/10/2022 | 05/12/2022 |
10/03/2022 | Final | GBP | 0.06 | 26/05/2022 | 27/05/2022 | 06/07/2022 |
18/08/2021 | Interim | GBP | 0.03 | 04/11/2021 | 05/11/2021 | 06/12/2021 |
10/03/2021 | Final | GBP | 0.015 | 03/06/2021 | 04/06/2021 | 07/07/2021 |
13/01/2020 | Final | GBP | 0.043 | 21/05/2020 | 22/05/2020 | 03/07/2020 |
Top Posts |
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Posted at 05/12/2024 10:12 by martinmc123 4*Balfour Beatty, the international infrastructure group, issued a solid if not particularly exciting trading update covering the period to 5 December 2024. 2024 revenue is now expected to be c.2% ahead of prior year (FY2023: £9.6 billion) due to growth in Support Services and Gammon. The Order book is expected to grow by over 5% in 2024 (FY2023: £16.5 billion)...from WealthOracle wealthoracle.co.uk/d |
Posted at 31/8/2023 18:35 by lorse Dekle - were you able to locate the BBY article 10 days ago, and was it favourable? |
Posted at 12/5/2023 11:04 by kalai1 Balfour Beatty plc issued an AGM trading update this morning. Overall trading has been in line with expectations and the Board continues to expect the Group's 2023 profit from operations from its earnings-based businesses to be broadly in line with 2022. The Group's order book remains healthy and was £17.0 billion at end March 2023. Average net cash was £740 million during Q1 2023 compared to a FY 2022 average of £804 million driven by an expected working capital outflow of around £100 million and share buybacks. The SBB program still has another £75m to complete by end 2023. Valuation is reasonable with forward PE ratio at 11.7x mid range for the Construction & Engineering sector, PS ratio at 0.29x is top third. The Group's balance sheet is strong with negtive net debt, the share price also has strong momentum. BUY......from WealthOracle |
Posted at 26/8/2022 10:28 by imastu pidgitaswell They could. BBY has over £800m in cash, and with a Costain market cap of just over £100m (before any bid premium) it would barely dent it - and they would be getting £100m cash in return, the net cash on the Costain balance sheet.But I'd rather they took over Costain in around 6-8 months, after Costain shares have risen through their own efforts to around 80p. Then 120-140 for the bid, and I'll accept... Say £300m to BBY 6 months from now, net £180m (after they take control of the Costain cash, which is increasing by around £40m a year as the cash is generated so Costain's £100m will be £120m or so at that point). For a business generating earnings of around £40m cash a year - before the duplicate cost stripping (and there is a lot of that) they would undertake. Stupid cheap - my fee for proposing the transaction would just be a couple of million... 😜 |
Posted at 17/8/2022 13:02 by km18 Balfour Beatty posted Interims for the 6 months ended July 1st 2022 this morning. The Group delivered more strong financial performance and also upgraded expectations for FY22. Revenues were roughly flat at £4,147m but elsewhere BBY reported a 42% increase in underlying profit from operations (PFO) at £85 million, a 68% increase in underlying basic EPS at 12.9 pence per share and a 10% increase in the order book at £17.7 billion. The balance sheet is also strengthening with half year average net cash up to £811 million. Share price liked the release, +9% so far today. Valuation isn’t particularly helpful although messages are a little mixed. But solid profit growth and decent quality are big pluses. Certainly worth monitoring, share price looks set to test decade-long highs in the next few sessions. The bumper order book augurs well for performance in the next few years......from WealthOracleAM |
Posted at 17/8/2022 12:11 by essentialinvestor Yes !, I listened to the entire conference call and hold BBY.I've made a buy case here several times so won't repeat it again, the results say it all. |
Posted at 17/8/2022 12:03 by imastu pidgitaswell Nobody interested?Not too many businesses posting year on year results improvements like that. Although an interesting working capital move the wrong way, some £180m movement against last year, buried deep in the cashflow section of the announcement - presumably timing, given profitability and operating cash generation. Notwithstanding that, £800m net average non-recourse cash, 68% EPS increase, dividend increase, etc etc. Years of future income on the order book, government everywhere committed to infrastructure spend. Share buybacks galore. Underlying earnings for the full year - wot, 26-30p? So valued around 10-12 times earnings. Maybe finally some value being recognised with today's price increases. If only there was some other business in the sector valued at a lower earnings multiple, maybe at its net cash value and no more, but with a similar financial profile...😜 |
Posted at 23/3/2022 10:54 by essentialinvestor BBY looks in better shape than for many years, as their asset book is worth comfortably over £1 bnwith the support services business on top of that, their construction operation is valued at a very modest amount given the current market cap. BBY may be worth watching. |
Posted at 11/3/2022 12:34 by woodyjmw Decent results, even UK Construction returning to profitability in second half, 9p divi should provide support. |
Posted at 06/1/2022 09:17 by scotches Balfour Beatty ‘unusually cheap’ despite fraud woesBalfour Beatty (BBY) has reached an agreement with the US Department of Justice (DoJ) after pleading guilty to fraud committed against the US military, and Liberum says the payout is more than expected. Analyst Joe Brent retained his buy recommendation and target price of 360p on the stock, which closed up 0.9%, or 2.4p, at 274p on Wednesday. The construction firm will pay £49m to the DoJ after it fraudulently claimed it had completed repairs to military housing in order to gain bonus payments. ‘Closure on the issue is welcomed, despite the consideration payable being more than we might have anticipated,’ said Brent. ‘We leave our 2021 average net cash estimate of £650m unchanged but reduce our [2022 financial year] estimate from £620m to £580m assuming that the fine will be paid in January 2022.’ In spite of the problems at Balfour Beatty, Brent said the current year 2022 price/earnings ratio of 10.2x was ‘unusually cheap given the public-private partnership portfolio and low real yields’. |
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