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"..progress on their fixed price contract work is absolutely key .."
Yes..but they often have hedging derivatives in place with regards to cost controls
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Next trading update should provide more clarity,
usually early DecemberISH.
Not holding ATM and may wait to see what they have to say,
progress on their fixed price contract work is absolutely key ATM
given the inflationary background - that is the area to watch.
ALL QUIET REGARDS THIS.
SOME CONTRACT WORK I WAS HOPING THAT BBY WOULD TAKE A SLICE , WILL THIS HAPPEN?
ANY THOUGHTS ?
Trying again at 248p .... see what happens this time !
* covid cases now rising rapidly
My stop loss was at 2.62, but only got 2.6179 yesterday,
assume the SP changed quickly.
I'm not overly tempted to consider again until the next update
as with vivid cases not rapidly increasing again we may be looking
at potential headwinds - staff absences etc.
Very nice morning for Unilever, bought the dip under 38 and
have now exited those.
sold again yesterday - sp is the target of algo bots which are aimed at taking it down - happening in a lot of shares I watch
I think the aim is to do that gradually, over time...as obviously the margins are better in Support Services..
Costain and Wood Group etc have also been looking to do the same.....of course... the margins on some construction projects are so low and potentially risky that they are literally pulling out of the tendering ..BB are pulling out of London residential property projects .... Taylor Woodrow and Costain have been pulling out of some of their tenders, apparently
Balfour - " is increasing its margin target range for Support Services from 3-5% to 6-8% which represents an increase to Group expectations for 2022."
What I would like to ask the CEO is why not increase
the focus on infrastructure investments and support services,
while running a small general construction division.
fatprofits
nice one...good to see someone in here !!
I have taken a few this morning as a start too.....see how things progress .....
H1 dividend - 3p, - "which will be payable on 6 December 2021 to holders on the register on 5 November 2021."
( ex div 4th Nov )
A very small amount and my first time holding BBY for
many a moon.
My main concern is inflationary costs, particularly labour,
impacting their fixed priced contract work.
And I would guess this is what the market may also be
attempting to factor in, given recent SP weakness.
I rate the CEO fwiw, however construction is a difficult business
at the best of times with often wafer this margins - I started
working life in this sector a very long time ago.
To appreciate how little value the stock market accords their
construction division, keep in mind their infrastructure investment
book is valued at £1.1 BN, then you have the support service business
on top of that.
looks like this is mostly directed by bot algo trades ...using a VWAP to drop it lower
They looking for a 260p base line ?
getting closer at 270p ..... confidence has to turn soon...been watching this one
now is the time to buy BBY
More buy backs last three days too!
Down slightly today as going ex-divi but news of of further PPI disposals should support SP going forward. 1.5p divi to be paid in July. All good.
Yes, amazing for a FTSE to be this quiet.
Mind you, I don't help because I think this is my first post on this BB and only occasionally check on the phone but otherwise just wait and see as head well above water anyway and not many shares to make any difference. I'll hang around in case someone bids for them!
Hello , anyone there ? No comments for ages , 245 , November , 298 today . Not bad. c. 20%
Share buy back is well under way. :)
Whilst looking for a bit of portfolio diversification, I have long though the road and rail to recovery outside of Brexit would favour infrastructure / major construction projects companies, especially with confirmation of HS2 progress. I am mystified as to why the likes of Morgan S / Costain / Kier and BBY have seen the pick up in share prices expected. BoJo has signalled many times that infrastructure projects are at the heart of recovery, so why no progress?? Have we in reality spent our all our money on fighting C19? Surely Govnmt will want to progress projects which make impact on the UK and travel/hospital/schools /rail and roads which will see many back in work and then working with the finished product must fit the bill. BBY has a 5 year average SP of 225/230p and has been flat. Even with todays news on buyback and possible dividend restarting at final year havent budged the price, it actually fell back from a high of 276p to close at 266p below its open. Is anyone excited by the potential orders which should flock to BBY's door and hence make the SP move?? Also very quiet BB from what I can see.
quiet on here, considering positive movement.
Nice rise today. Anyone for info on reasons why?
BR TdY
No longer relevant as no divi- but cash in business higher than ever.
informed SIP holder to sell my shares last friday... they are slow (normally)
checked Monday, see nice rise here, 7 p ish early on, check account - SOLD - 266p!!! no rise included.....
£9.5k coming back to me though....... i wanted 300p per share but i'll be older and greyer waiting for that.....
GLA