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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 |
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