Balfour Beatty Investors - BBY

Balfour Beatty Investors - BBY

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Balfour Beatty Plc BBY London Ordinary Share GB0000961622 ORD 50P
  Price Change Price Change % Stock Price Last Trade
-4.00 -1.28% 309.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
311.00 308.20 313.80 309.00 313.00
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dekle: What comments have been made in this weeks issue of Investors Chronicle?
skyship: Balfour Beatty to beat expectations By Jonas Crosland – Investors Chronicle Shares in Balfour Beatty (BBY) rose by as much as 5 per cent in a falling market after the construction group revealed that group performance for 2018 will be above earlier expectations. The improvement comes as a result of profits from infrastructure investments reaching around £65m. Crucially, the group remains on track to complete the Aberdeen Western Peripheral Route (AWPR) before the end of December without any increased costs. This augurs well for the construction specialist’s performance in 2019, with investors and customers alike taking a longer look at group balance sheets in the wake of Carillion’s collapse. Balfour has been working to assuage any potential worries, paying down all its remaining convertible bonds and delivering a 45 per cent reduction in gross debt over the last 12 months. Average monthly net cash flow is now expected to around £185m, ahead of the previous guidance range of between £140m and £170m. Margins on UK construction are expected to reach up to 3 per cent, which is impressive given the first half disruption caused by the AWPR project. The group continues to remain selective in winning work that meets its margin requirements and has still managed to increase the forecast year-end order book to £12bn, up from £11.4bn a year earlier. On the support services side, the utilities side is being restructured with a view to reducing costs, while the road maintenance side continues to outperform. IC View: Balfour Beatty has sensibly taken steps to strengthen its balance sheet while remaining selective on the work it takes on. At 257p, the shares are trading on an undemanding 11 times forecast earnings. Buy.
roulettewheel: Trading update 14th Dec hxxps:// But thats a big move. Hoping its not someone in the know Not a big short out there hxxps://
speedsgh: Dividend dates don't appear to be mentioned in the Interims. However the company's financial calendar is currently indicating XD 5/10, payment 1/12. HTTPS://
scotches: I would guess the share price tendency to crash has killed the interest of many private investors. 350p in 2011, 215p in 2013, back over 300p in 2014 to half that within 6 months. A bumpy ride indeed and no divi until the miniscule return re-started a little while back. Anyway there's all that infrastructure to be built here and US. If they bid right (ie not just low enough to secure the work but on terms where you actually make a profit) then the dream could be back on. It got a good write up in the Telegraph in December HTTP://
cockneyrebel: Balfour Beatty PLC 28 April 2015 28 April, 2015 BALFOUR BEATTY ANNOUNCES SALE OF PPP INVESTMENT Balfour Beatty, the international infrastructure group, announces the sale of its 50% interest in the Royal Infirmary of Edinburgh project for a consideration of GBP72 million. The proceeds from the transaction are consistent with the most recent Directors' valuation. The investment is being acquired by funds managed by Equitix, a market leading investor and fund manager of core infrastructure assets. The sale of the investment remains subject to the right of the co-shareholder to exercise its rights of pre-emption at the proposed sale price. The consideration is to be paid in cash in full on completion of the transaction, expected to occur by mid-June, and will be retained within the business. Leo Quinn, Balfour Beatty Group Chief Executive, said: "This transaction again underlines the quality of the investments portfolio and its ability to generate value for shareholders. It also demonstrates our commitment to maintaining a strong balance sheet through self-help as we deliver the first phase of the Build to Last transformation programme..
cockneyrebel: 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.
jeffcranbounre: Balfour Beatty is featured in today's ADVFN podcast. To listen to the podcast click here> In today's podcast: - Chris Oil, financial writer and city investor will be chatting about a well known name who could be back in fashion. Chris on Twitter is @ChrisOil - And Rodney Hobson, a financial speaker, writer and author of investment books including Shares Made Simple, the beginner's guide to the stock market. Rodney on Twitter is @RodneyHobson - The micro and macro news - Plus the broker forecasts Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
dealy: well, everybody wants to get balfour on the cheap and the board is saying "no". and they are right. nearly 800m quid pulled in from the sale of the US business. The PFI business worth possibly 1.5 billion including synergy effects. why should the board give the company away for peanuts. a little patience here by investors and these shares will be back to 300p next year.
cyberian: It looks as though some investors/holders are getting a bit anxious over what the KPMG UK contracts review will reveal. Hope that there will not be a leak, but then again that may flush-out other interested parties. Pity the new CEO doesn't start until the new year.
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