Balfour Beatty Share Discussion Threads

[skyship] 11/4/2017 10:13

Here is that link in usable format. Too small to account for the rise.

[mashraf] 11/4/2017 09:49

been searching since morning and finally found it and here is the news for the rise.
hxxps://www.balfourbeatty.com/news/balfour-beatty-secures-glasgow-queen-street-station-redevelopment-project/

[boonboon] 11/4/2017 09:46

Let's hope so. I've not heard good things about their UK business. It's the US business and investments that are keeping me in these.

[skyship] 11/4/2017 09:42

Sudden rise here this morning - bid rumours perhaps. IMO more than likely that a US bidder will strike this year.

[jimcar] 29/3/2017 22:37

recommended in the Times

[scotches] 29/3/2017 14:49

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

[sailastra] 29/3/2017 14:45

Numis have £95m and 12.9p for year to Dec 2017, 2016 was £60m and 7.1p so recover plan under Leo Quinn appears to be baring fruit...But at 266p it is 20.6x ...Caught between 50 and 200 day moving averages..
In hold territory for now after a strong Brexit recovery last year..

[fanel] 29/3/2017 14:44

Thanks, I'll have a look.

[sailastra] 29/3/2017 14:06

Interesting you should ask that, I have just revisited this thread for the first time in a long while...Need to find out more but whilst in W H Smith earlier today picked up a copy of the Week Magazine who mention that BBY had been recommended in the press, can't remember who by...Hoped to find a bit more here but it seems more than a little quiet!

[fanel] 29/3/2017 13:13

Has anyone posted since Nov. last year?Many thanks.

[kombimatec] 07/12/2016 07:10

Good results from Carllion today bodes well for BBY

[damanko] 09/11/2016 19:24

Quite right SKYSHIP. I didn't dare even peek at the market this morning.

And of course we meet again: BB seems to be recovering from a few bad years, long may it etc.

I bought into FORTERRA (FORT) earlier this year, they have US operations, now about this wall on the border...

OT: I'm buying my late neighbours house and garden, however the local Commune has sent a 'lawyer's letter' stating that they intend to expropriate it should I go ahead with the purchase. You know a decent lawyer experienced in this stuff?

Otherwise trust all well. D

[skyship] 09/11/2016 08:49

Interesting moves this AM post Trump victory. Down 3.5% on the open, then buyers emerge - now up 1%.

BBY of course has a major US presence, so should be a big gainer from the promised massive boost to infrastructure expenditure across the water...

[kombimatec] 26/10/2016 10:59

Why is BBY slipping?

[nw99] 17/8/2016 08:03

Bought this looks very good for a turnaround

[eeza] 14/8/2016 20:14

Tipped in the ST - according to the DM (from which the below is copied).

Edit:- but seems to be a back-handed tip. Lol


SUNDAY TIMES

The Inside the City column believes now may be the time to jump into Balfour Beatty.

It noted that shares in the construction and engineering giant have fallen by a third since March, when it unveiled its annual results. Since then it has announced two shock profit warnings.

The first which came in May and cost former chief executive Andrew McNaughton his job was mostly due to a few dozen contracts in its mechanical and engineering services business that were poorly handled and over budget. The second, which the company announced last Thursday, knocked the stock again.

Executive chairman Steve Marshall launched a search for a new boss and stepped into the breach left by Mr McNaughton in the meantime.

The paper said Mr Marshall appears to have grasped the nettle, and most of the troublesome contracts are short-term deals that run out by the end of the year.

But if history is any guide, it added, things could get worse, as profit warnings often beget more profit warnings - Mr Marshall may well have rooted out all the problems, or he may find more.

The paper pointed out, however, that Balfour is certainly vulnerable to a takeover, with rumours having bubbled up that private equity, in partnership with an industry rival, could team up for an opportunistic bid for the company and break it up.

The column concluded that if you are a risk-taker and believe Balfour has hit bottom, now is the time to pounce.

[skyship] 03/8/2016 10:44

Interims 12th August last year...

[skyship] 03/8/2016 09:30

I've always considered it likely that BBY would fall to a US takeover at some stage this year. At the start of the year BBY were @ c270p, now they are at c224p - a full 17% lower - a full 24% lower taking the currency change into account. BBY could now be a very tempting target.

Being such a major infrastructure player, Theresa May may not approve; however with the right promises/commitments, surely a bidder, if planning to act, should act sooner rather than later.

One to follow...

[jumbo66] 09/6/2016 07:22

[hd] re jumbo

[philanderer] 15/3/2016 22:51

Balfour Beatty retains faith in turnround drive as losses narrow

[kombimatec] 12/3/2016 18:03

Results out Tuesday

[skyship] 11/3/2016 14:33

Unfortunately didn't buy at that 220p support level I referred to....now UP 20%!