ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BBY Balfour Beatty Plc

383.80
-0.20 (-0.05%)
Last Updated: 13:53:20
Delayed by 15 minutes
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
  -0.20 -0.05% 383.80 383.80 384.40 384.60 375.20 375.20 169,551 13:53:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 9.6B 197M 0.3628 10.60 2.09B
Balfour Beatty Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker BBY. The last closing price for Balfour Beatty was 384p. Over the last year, Balfour Beatty shares have traded in a share price range of 292.80p to 401.20p.

Balfour Beatty currently has 543,000,000 shares in issue. The market capitalisation of Balfour Beatty is £2.09 billion. Balfour Beatty has a price to earnings ratio (PE ratio) of 10.60.

Balfour Beatty Share Discussion Threads

Showing 3051 to 3069 of 3600 messages
Chat Pages: Latest  132  131  130  129  128  127  126  125  124  123  122  121  Older
DateSubjectAuthorDiscuss
25/9/2014
05:39
Looks like a double bottom to me.....time to pile in me thinks 😝
aspers
07/9/2014
23:58
Construction group doubled its money after owning design consultancy for five years and now has cleaner balance sheet

The headline figure of £820m is not quite what it seems. Parsons is departing with £67m of cash; then there's £50m of fees and transaction costs, plus a "separation-related" £30m. Call the real figure £700m-ish, which is roughly what the City was expecting.

Balfour Beatty's sale of Parsons Brinckerhoff is a good move

smurfy2001
05/9/2014
11:10
Anyone in favour of the efficient market hypothesis need only take a look at BBY in the last few days to see it's nonsense. Parsons Brinckerhoff sold for £250 million more than analyst forecasts and the share price hasn't moved a jot. Sentiment couldn't be any more negative here.
compound_dave
05/9/2014
09:13
Balfour Beatty (BBY.L, 243.60p) - Hold
Yesterday, Balfour Beatty announced an agreement to sell its professional services division, Parsons Brinckerhoff, to Canada’s WSP Global for £820m. The sale price excluding the cash retention of £67m is around 11 times the EBITDA for 2013. The deal is expected to complete by the end of this year, subject to the shareholder approval. Upon successful culmination of the deal, £200m would be returned to the shareholders and £85m would be contributed towards the company’s pension fund shortfall. The group plans to retain the rest of the proceeds for now.

Our view: With an elevated price tag of £820m, the sale of Parsons marks a strong return for Balfour on its original investment of £382m in 2009. From a strategic viewpoint, the sale of this asset is likely to help the company focus on its infrastructure business by reducing the level of business complexity. Balfour is a leading engineering and construction firm in the UK, but its weaker financial results for H1 2014 may cast a shadow on its future performance. Besides, the stock is currently trading at a significantly higher P/E multiple compared to its peers, which may restrict the scope for an upside. We maintain a Hold rating for the stock.

share_shark
04/9/2014
11:51
Simon Cawkwell comments on Carillion (CLLN) and Balfour Beatty (BBY) - Spread Betting Magazine September edition page 20
don342
04/9/2014
11:51
Simon Cawkwell comments on Carillion (CLLN) and Balfour Beatty (BBY) - Spread Betting Magazine September edition page 20
don342
04/9/2014
06:52
Sounds good to me!

-

Balfour said £200m will be returned to its shareholders and around £85m will be used to reduce the company’s pension fund deficit.
The sale throws into doubt any future bid for Balfour from Carillion, which abandoned a £3bn tie-up last month following three rejections.

smurfy2001
04/9/2014
06:07
Great news......this is the start of the recovery. I see us being back 300p and above pretty soon :)
aspers
04/9/2014
05:28
Fair play to Balfour, that is a great sale. £250m more than we were expecting! Very pleased indeed.
compound_dave
21/8/2014
12:35
I can hazard two guess as to BBY's reasoning!!

*Sale price of US division - PB
*Valuation of PPI assets once revalued to current market rates

(I hold shares in both BBY and CLLN)

haywards26
21/8/2014
12:26
aspers

If you have price sensitive news that isn't available to the market at present, the it is your duty to share it with us, as proof, otherwise I assume that you will go back to playing with your lego.


red

redartbmud
21/8/2014
10:12
It will take more than street talk to get this beast moving to 300p!
scallywagkid
21/8/2014
08:55
Talk on the street is that BBY will shortly make an announcement that will make it very clear the real reason they gave turned down any takeover deal.......I can see this touching 300p when the news breaks.....good luck and fair winds to all that hold.
aspers
21/8/2014
07:40
From Beauforts this am.


Balfour Beatty (BBY.L, 240.15p) - Hold
Yesterday, Balfour Beatty announced rejection of a proposed merger with Carillion, as the latter failed to address its key concerns. On Tuesday, Carillion had offered a 58.268% stake to the shareholders of Balfour Beatty in the proposed entity, alongside an 8.5p per Balfour share cash dividend. The offer valued Balfour Beatty at £2.09bn. However, Carillion continued to vouch for terminating the sale of Parsons Brinckerhoff (Balfour's US project management business) and did not address the risks associated with the proposed business plan that included the plans to substantially trim down the scale of the UK construction business. The management at Balfour viewed that the proposal was not in the best interests of its shareholders. Balfour also clarified that it would not seek to extend the PUSU (Put Up or Shut Up) deadline of 21st August 2014, while continuing to focus on growing its UK construction business and disposing off the non-core business Parsons Brinckerhoff.

Our view: The talks of merger between Balfour and Carillion failed to materialise. Despite offering a significant premium on the share price, Carillion's proposal did not align with the company's business objectives. Meanwhile, the planned disposal of Parsons Brinckerhoff, which should now progress smoothly, is likely to enable the company to return around £200m of capital to its shareholders. Earlier in August, Balfour had delivered muted performance during H1 2014, dragged by operational issues at the UK Engineering Services arm. Despite an attractive infrastructure, the latest developments give a mixed indication about the overall prospects of the company. We maintain a Hold for now.

share_shark
20/8/2014
11:59
BBY mgmt are in self-preservation mode.
yf23_1
20/8/2014
11:57
It has been noticeable that both the BBY and CLLN sps have gone better when a merger seems to be on the cards and dropped sharply when the rejections come in. If I were a BBY shareholder I would be asking serious questions about the performance of my directors.
ygor706
20/8/2014
11:45
probably management didnt even bother consulting the major shareholders just a couple of mates in the pub who happened to be shareholders
dov
20/8/2014
09:50
Still think a better final offer will come.
aspers
20/8/2014
08:25
I still hold....
hamblyr
Chat Pages: Latest  132  131  130  129  128  127  126  125  124  123  122  121  Older

Your Recent History

Delayed Upgrade Clock