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More positive news today and no movement.
Tough market conditions admittedly, but would have expected to see a push higher
Markets seem nervous still with a threat of more localised lockdowns, or worse
Expecting plus 10% today - where is it?
thank you,
What was the Ex Div date?
I have a little under 4000 shares in BB.
Next Ex-Div date?
over the years i hate how BB gets battered,
160 then 250,
170 then 230,
rise 10p, drop 10p......
back to £3 would be great.....
Swim Fan ... sorry to break the bad news but in the recent RNS we have this ...
"As the Group's proposed final dividend for 2019 of 4.3 pence per share, which was due to be paid on 3 July 2020, requires approval at the AGM, the postponement of the AGM means the approval of this final dividend to shareholders will be postponed accordingly.
Whilst Balfour Beatty benefits from a strong financial position, in light of the market uncertainty arising from COVID-19, the Board will keep the appropriateness of paying the final dividend under review until the rescheduled AGM, with a final decision dependant on the prevailing circumstances at the time."
Most (if not all) other builders have suspended/cancelled their dividends, it may well be that Balfour will go the same way.
Hello, was looking up BB ex-dividend date and got conflicting info. BB Site -28th May, Dividendmax - 23rd July????
Interesting that BBY also gets a Notice to Proceed with its joint venture HS2 contract worth £5bn, alongside other contractors such as Costain although the SP reactions couldn’t be more opposite !
If yesterday’s finish is anything to go by we are in for a good day regardless of the overall market situation! Hold and add imho
We were well above this a fortnight or so ago. Have held this for ages so it’s nice to see it coming back and maybe contributing to my retirement fund. But still not over-excited.
I am done , this was excellent in very scary markets ,
Balfour Beatty plc
BBY
263.00 GBX
+42.20 (19.11%)
This is re rating here not just a daily jump on news! £3 plus tomorrow and will open up sharply imho!
No wonder it's flying, pe of 3 without investments:
https://twitter.com/barondaytrading/status/1237649313058217984
and markets like it
Balfour Beatty plc
BBY
236.75 GBX
+15.95 (7.22%)
Highlights
· 8% increase in Group underlying profit from operations (PFO) to £221 million (2018: £205 million)
· 22% increase in PFO from earnings-based businesses to £172 million (2018: £141 million)
· 68% increase in average net cash to £325 million (2018: £194 million)
· 52% increase in year end net cash to £512 million (2018: £337 million)
· 13% increase in order book to £14.3 billion (2018: £12.6 billion); c. 40% increase with recent HS2 approval
· Investments portfolio decreased to £1.1 billion (2018: £1.2 billion); US military housing valuation reduced by £79 million
· 33% increase in full year dividends to 6.4 pence (2018: 4.8 pence)
Excellent and budget should also help sp imv.
Wednesday 11 March
Balfour Beatty Full Year Results
Looking at the fundamentals which I tend to do when appraising shares I was put off kier by the minus 158 earnings per share, therefore I shall be buying BB.
Thanks, good start to today and not over yet. Good technicals, HS2 is good news for Kier, pending sale of Kier living will be a further uplift, as will the incoming cash from sale of their HQ at Tempsford Hall. Nicely reducing debt pile, good contract wins, less diversified business and a good management team, things are starting to look very positive for Kier
Moore, looks like you were right ref kier vs bb.
Agree Kier has more upside potential given how far it has fallen with short seller pressure. Balfour Beatty another good recovery play though
Dip today is I guess hs2 related. Market has it wrong because the alternative is also rail. What's more infra spend will be huge post budget. Am buying more here in anticipation of budget.
How can they be so incompetent to lose the MI6 plans ?
Lovely to see this around the 230p. I am looking at the short term trend and this is still making lower highs and lower lows so unless we can get above 250p then I would not be surprised to see this heading back down to at least 200p.
It will be interesting to see which way it goes
I drive through this dog's dinner of a roadworks about twice a month in each direction and it's horrific. I've no idea where the customer care comes from. There are many things wrong with this development but the worst has got to be the late night road closures. Signs further up towards the M6 warn of road closures at Junction x or y, but don't say where these junctions are. My satnav sure has no idea. So you keep on driving hoping it becomes clear until you suddenly hit the diversion and head off to who knows where. The diversion signs are utterly hopeless, especially in the dark. Miss one and you are fuxored forever. Meanwhile the satnav keeps trying to send you back onto the now inaccessible A14. Useless. This is a hateful godawful travesty of a roadworks which is badly managed, even though it is jammed with traffic and irate drivers. How it wins any awards is a mystery. The people managing it should be fired today and given jobs in central government where they would be right at home with all the other useless clowns that can't manage a party in a brewery. Still, mustn't grumble.
The construction shares all need a re rating. Happy bby doing so well but as usual the hedge fund algobots at the selling yet again.