Balfour Beatty Share Discussion Threads

[gisjob2] 09/10/2014 10:20

Sold their star performer in PB. Where's the profit going to come from now ? Bit if a rudderless ship at the mo.

[cyberian] 09/10/2014 10:12

Thanks CWA1...I see that an earlier posted has pointed out that the US sale proceeds of £820 million now account for over 75% of the market cap. which is extraordinary. Understand that the company is not going to make a £200 million special divi to shareholders but will instead revert to buying shares into Treasury. Makes one wonder if someone will make a bid over the next few months.

[cyberian] 09/10/2014 09:40

OK...seen that the shares are ex-dividend today..the advfn date is wrong.

[cwa1] 09/10/2014 09:40

Always best to go to the source document IMO cyberian:-

The interim 2014 dividend will be paid on 5 December 2014 to holders on the register on 10 October 2014 by direct credit or, where no mandate has been given, by cheque posted on 4 December 2014 payable on 5 December 2014. The ordinary shares will be quoted ex-dividend on 9 October 2014.

[bigboots] 09/10/2014 09:37

This share is really doomed without a takeover, the prospects look ever diminishing

[cyberian] 09/10/2014 08:44

Can someone advise whether this share went ex dividend yesterday or today..the advfn site shows it was yesterday (8/10), but other brokers and company appeared to suggest it is today...thanks for any reply. Company looks a bit lonely at present but I hope management changes and a new focus will improve matters.

[cwa1] 08/10/2014 12:08

More bad news, albeit modest:-

[dealy] 08/10/2014 10:14

take over at 220p any day now. the cash from the US sale is more than 75% of the market cap or about 40% of the enterprise value.

[deanroberthunt] 08/10/2014 07:44

SP TARGET 100P

[deanroberthunt] 07/10/2014 17:17

much worse to come imvho.....loads of tenders won over a long period that will return massive losses.....

[dumpling2] 02/10/2014 20:41

It gets worse doesn't it?

[dealy] 02/10/2014 17:09

i agree Neily. markets are just atrocious at the moment.

[neilyb675] 02/10/2014 15:50

todays RNS was very good, don't understand why this is being punished today...?

[nofool] 30/9/2014 13:27

Thanks TJ. There are of course, two sides to this trading malarkey!

[tradejunkie2] 30/9/2014 13:17

nofool,

£200m to be returned to shareholders. If they buy back shares well the EPS will rise in future or a special dividend could be paid.

[nofool] 30/9/2014 12:30

Thank you very much your Lordship.

Anyone else prepared to proffer their wisdom..?

[lord gnome] 30/9/2014 12:07

Why? Try this for an explanation.
Numis Securities have cut their pre-tax profit forecasts for the current year from £145m to £72m and EPS of 10.2p (from £186.6m and 19.9p in 2013).

A forward PE of 18 and a dodgy dividend? Would you buy this? I wouldn't. Only the hidden value of the PFI contracts is holding the share price at current levels. Other than that, a PE of anything more than 10 is speculative. Fair value? I reckon £1.00 - £1.20 tops.

[nofool] 30/9/2014 11:14

How low is this going now and why?

[nofool] 29/9/2014 18:44

Being greedy, throwing caution to the wind and self congratulation, usually.

[elmfield] 29/9/2014 17:27

Smurfy,
Seems to me a lot of boards need a clean up,
Think back to the ineptitude of the bank boards not
being on top of things, they get paid for doing what exactly???

[mike24] 29/9/2014 15:14

a scottish "yes" vote could have
scuppered a nuclear clean up,
now there will be a fleet
of n/submarines waiting to be decommissioned,
the work probably going to those already working on
decommissioning power stations, costing mega bucks!,
at 60ml each to be precise.
nai

[smurfy2001] 29/9/2014 14:49

Elmfield, the board is clearly at fault here for not even driving at the wheel.

[elmfield] 29/9/2014 13:37

One after the other large company with profit warning,
The big crash is getting closer and closer.

[smurfy2001] 29/9/2014 13:17

Comment from a employee in above Telegraph link?



And yet those of us with a lifetime's experience of delivering large projects on time, to budget, and to spec are consistently overlooked when searching for opportunities in favour of "younger" PMs with "PRINCE II" and no experience because they're cheaper. Well now you know how much money you've saved.

[smurfy2001] 29/9/2014 13:15

Comment from a employee in above Telegraph link?



The group pinned the blame on "programme slippage, resource and skills shortages, poor operational delivery and cost inflation pressures".

So where were the internal auditors and higher level managers during this time, and who signed off the monthly Progress Reports and Final Profits Forecasts. Have they not realised yet that you cannot project manage such engineering projects without very extensive long term "hands-on" exposure, experience and technical and construction knowhow - the latter most importantly. What do these Contractors expect if they promote brick counters (QS's) and bean counters(accountants) to ever higher positions within their organisations whilst at the same time under-valuing actual proven and past experience in what they do! You wouldn't employ a QS to do brain surgery, so why employ one to do engineering and construction project management. Neither would you employ QS's and Accountants to do Cost Control or even Claims - for that you,again, need very experienced engineers, if only to make the necessary frequent judgments and forecasts on cost and progress based on such direct "hands on" exposure.