Balfour Beatty Share Discussion Threads

[dickbush] 16/3/2021 09:13

Roundnumberitis? Given a half-decent market background, it should make it through.

[egan] 15/3/2021 16:46

4th attempt to break resistance at 300

[dickbush] 10/3/2021 10:29

Website says July 5th.

[dekle] 10/3/2021 10:04

Could you see the divi dates?

[dickbush] 10/3/2021 09:56

Buy back raised to £150 mil. Forecast operating profit returning to 2019 level, and a 15% increase in the order book. Suggests the 2021 p/e is circa 11 times @ 280p. with a dividend of 40% of after tax earnings (ex gains from disposals of investment assets). suggesting a circa 3.5% yield.. What's not to like?

[dekle] 09/3/2021 13:34

Results tomorrow, perhaps some leakage causing the price to drop?

[dickbush] 05/3/2021 13:46

https://www.constructionnews.co.uk/contractors/balfour-beatty/balfour-and-bam-among-winners-on-650m-scotland-healthcare-framework-05-03-2021/

[dekle] 04/3/2021 16:27

In a sea of red BBY showing blue

[dekle] 24/2/2021 09:24

According to my calculations they have bought back £18.5m's worth of shares so far and the original target spend was £50m. Is that correct? If so I feel the next buys are more likely to have an impact on the share price, hopefully??

[dekle] 11/2/2021 14:28

Confirmation of the extension of HS2 to Crewe by Parliament today must mean potential more construction work for BBY

[dekle] 10/2/2021 15:00

What would the price be if it wasn't for the buyback because we seem to be back to the level when the bullish trading statement was made in early December??

[dickbush] 04/2/2021 16:34

Very rare to see a buy back these day that enhances the NAV. It's supposed to increase the share price because a. It decreases the outstanding/supply of its shares b. It increases eps because cash is earning very little. These days, nothing. Just be glad we don't own shares in a company that is borrowing to boost its share price and make the company executives rich while destabilising its viability e.g many companies in the US just before the outbreak of covid-19.

[dekle] 02/2/2021 09:06

Looks like the buy back has had a negative effect on the share price. Never in favour of a buy back unless it enhances the net asset value. I doubt if it does that in this case unless I'm wrong. On the other hand if they managed to sell the treasury shares for a profit without depressing the share price I could see a benefit in a share buy back. Please offer an opinion, thank you, Dekle

[dickbush] 09/12/2020 07:36

Excellent update. Talking about 2021 to be broadly in line with 2019, disposal of investments and a return of capital (£50mil to be spent on buying back shares after Jan 1st). £500mil in net cash. The only negative is the US situation but it looks like they are putting their hands up and, in any case, it will be a one-off cost, and no doubt treated as an exceptional item in 2021's P&L.

[essentialinvestor] 01/11/2020 19:00

Construction sites to remain open (at least for now) however it may be wise to expect some margin impact?, potential increases in staff sickness levels etc, needing to self-isolate if a family member falls ill.

[essentialinvestor] 29/10/2020 18:38

Another national lockdown might be incredibly expensive for BBY. As mentioned a few weeks ago was surprised the share price had not begun to react already.

[essentialinvestor] 13/10/2020 13:58

Will construction sites stay open?.

[essentialinvestor] 26/9/2020 16:48

BBY's owned infrastructure book is now valued at circa £1 billion - and will pay out cash returns year after year. So the market effectively values the rest of BBY at approx £525 million. Given that fixed priced construction projects now represent less than 30% of the current order book (a number that is continuing to fall) BBY looks a decent medium term investment near current share price levels imv.

[essentialinvestor] 25/9/2020 13:09

Added this AM.

[essentialinvestor] 23/9/2020 17:13

Had a small amount.

[essentialinvestor] 19/9/2020 11:35

Closed my small trade yesterday.

[essentialinvestor] 17/9/2020 14:58

Risk here is further lockdowns impacting margins.

[essentialinvestor] 03/9/2020 09:19

Bought a small amount this morning. Major potential (short term) risk is any further lock downs, which would prove very costly. Longer term the current price looks reasonable(ish). If wider equity markets were to sell off again, this can easily trade below £2 imv.

[essentialinvestor] 22/7/2020 12:41

They did not need to cut the dividend, perhaps a case of political expediency with so much work derived from HMG.