George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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looks a stonking good buy at this price. I shall top up.
one or two as well....
Share buy back and then maintain the dividend makes this a good income stock Factor in all the bad news already issued then Can only recover also
The input of 880million when at todays valuation is only 200 million more for the Co. Must make it the most undervalued co. Could pay special div. And also share buyback
I thought the 200million would be a special dividend. I could not see a share buy back at this poorly performing times. If the share buy back happens that will be a good sign for the SP.
One of the statment was that 200 millions of the sale priced will be used for a share buy back hopefully giving the share a better value, new ideas in new year etc.
If Parsons is sold will it make BBY's share price rise or have no effect?
Wow, the broker has it in for BBY to come up with a new target price of 115. I think this SP will go lower before it bounces back in Q2 of 2015.
Shareholders often expect little more diversion than a cup of tea and a sandwich at annual company meetings. Balfour Beatty investors were taken by surprise, therefore, when one called the chairman a “corporate psychopath” and was removed from the meeting. Gavin Palmer, who bought 300 shares in the construction company three weeks ago, attempted to have Steve Marshall stopped from running the meeting to approve the £820 million sale of Parsons Brinckerhoff, Balfour’s American project management division, to WSP Global. Chairman called ‘corporate psychopath’: I do agree, the company is not doing anything productive. Hence SP free fall.
Approved 93.2% Will create a NICE pot
there is only one real problem,nothing to do with individual firms, Austerity, no one is spending,plain and simple, without spending there is no growth, so no profits, no more REAL job creation ,less people spending, less order books, , yes there is the debt problem at the end of the line but that has been with us for 30 years as a majority of people in the west have moved from working class to middle class, debt as in every home will always be here, England s austerity has brought more debt as it is virtually impossible to halt in this world, so just live with it
New West Ham stadium facing cash problems: Problems with the new roof planned for the West Ham stadium may have led beleaguered construction company Balfour Beatty back to the London Legacy Development Corporation (LLDC) to ask for extra cash.
Totally agree wiith the broker a rare event for me. It will fall again but as like most outfits that have some real business, a bid at lower level could come but those that bought higher will still lose out DYOR
that 1.50 gap need fill or not?
Well, encouraging news no doubt. However, what a wise man Leo Quinn is: Clearly under no illusion that this will be his challenge of a lifetime! One can only hope that Mr Marshall and his colleagues on the board will give the 'carte blanche' he surely is entitled to! After all, naughty Balfour Beatty has broken the golden rule: The conceived wisdom is that profit warnings come in three. Well, Balfour has just delivered its fifth in less than two years and is in danger of losing its last smidgen of credibility. Chairman Steve Marshall is on his way out: Thank God for that. Hope for Marshall Plan B? Further reading: http://pinkerspost.com/?p=466
It seems that Westhouse Securities also agrees with my views with regards this being a temporary upside. http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=22137183&ArticleHeadline=Broker_tips_Shire_Hargreaves_Lansdown_Rio_Tinto_Balfour_Beatty
And many more will be fired(like Tesco). But at the end he (New CEO)will lift the SP up. Its gone for long term investment now,,, No short term gains. But BBY is a massive company going through difficult times now. It will overcome out of this trouble. But It could take at least an year to see our old prices back. (For me its 240P)
Don't worry rugs, it will come back down as the new CEO would want to uncover any dodgy or loss making projects/contracts after PwC/Deloitte's findings. It's in his best interest to do so to make himself look better by depressing 2014 results as he will take the helm from 1st Jan 2015 and has absolute power to make corrections to any project valuations. I know he will uncover more bad news just like the new CEO of Tesco.
Makes you wonder who drove it down after Friday and why!
Up 19p.....as usual my sale done with impeccable timing !!!!
Balfour Beatty poaches defence Boss as new CEO: Struggling construction group Balfour Beatty has poached Leo Quinn, the current Boss of defence research company Qinetiq, as its new Chief Executive, according to reports.
Bought in August at over 2.40 Sold out yesterday at 1.48 As you say a disgrace.
Balfour cautioned that if the sale of Parsons was blocked Balfour’s situation had to deteriorate markedly before it breached covenants and if that happened, there are a range of options open to the company. However, the board is quietly confident that investors will give the go ahead for the deal, the source said
or should I say the old Taylor Woodrow her we come!!!
1. Send CEO home 2. Sell the asserts and balance the sheets, 3. Big Directors buy Options for a fall 1. Block the PB sale 2. keep the current CEO