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Does anyone here own the Balfour Beatty 8% 2020 dated preference shares? My stockbroker advised me to sell back in 2014, but have proved him wrong for income purposes, maybe not price basis. When the interest rates are raised my understand the pref stock will decline. I'm wondering how badly it will fall?
just been confirmed as prefferred bidder for £200 million pound hpc contract
I remember when this was half the price of carillon.
We're involved in the new rail link, just mentioned on BBC breakfast
Balfour Beatty was lifted by an upgrade to 'buy' from 'neutral' from Bank of America Merrill Lynch.
Is a bid on the way ,why the big rise ?
Good figures released today which look encouraging though this is not reflected by today's trades so far.
Think you made a good decision, think we will see a bit more of a drop yet, not looking peachy to buy in at this moment. Let the 'Ole girl" dodder down thru 250's should swing up again if she touches 240's, usual pattern lol. Ole faithful. This board reminds me of Pink Floyds opening lyrics "Is anybody out there?" Regards W'
To the Bby board.
Still a dead zone
Trump factor ! Trump says he wants US to spend $$$$ trillions on infrastructure which potentially plays into US BBY in a significantly profitable way.
Super,what's going on?
Back in Black!
Sums it up.
It's not the same these days.
Not very exciting.
The Budget 2016 - An investor's perspective - See how Balfour Beatty features in the overview by our expert blogger and former Barclays Stockbrokers Director - Read it here - http://www.lse.co.uk/lseBlogs/blogEntry.asp?section=expert&blog=david-harbage-blog&entry=na2bja&full-url=blogs/expert/david-harbage-blog/na2bja/
Hi, Iv held BBY Pref 2020 (8.1% yield), for 15years I believe. Looking at other ideas to move money to when rates go up in UK. Iv checked stocks worldwide like CLIG 7%, Bank of New Zealand / Bank of Australia( both 9.5% yield before 30% div with holding tax applied ), Blackrock commodity trust fund 7.6%, SSE, Aberdeen Latin America 7.5%. Not sure where to move funds to when time comes around. Views would be nice...
https://twitter.com/ukshorttracker/status/634303541411250176 Keep up to date with the latest shorts.
Questor’s worst share tip makes progress: Balfour Beatty has something of a problem. While it would like to draw a line under loss-making contracts and reassure investors that the turnaround is on track, in the notoriously tricky world of construction it simply can’t offer those assurances. From the home kitchen extension to the multi-billion-pound national infrastructure project, there is always an element of finger in the air when working out how much the materials, manpower and expertise will cost. Balfour Beatty has become something of a poster child for the sector’s woes. The previous management team has been culled following a string of profit warnings, Balfour was nearly taken over by rival Carillion last year and the dividend was axed in March this year. Balfour has plenty of qualities to ride out the storm. Under Mr Quinn a focus on cash led to an inflow of £362 million in the first half, leaving a £260 million cash pile on the balance sheet at June 26. The business is focusing on cutting costs and made £25 million in savings during the first six months with a total target of £100 million by the end of next year. Mr Quinn is tentatively optimistic on the outlook. There are some big projects on the horizon such as HS2, British nuclear and tenders for a potential new runway at Heathrow. The order book is stable, down slightly from £10.4 billion to £10.3 billion at the end of June. Balfour Beatty has been one of Questor’s worst share tips, having recommended them at 273p in October 2013 and again at 293.5p January 2014, on early signs of a recovery it has been a rollercoaster ride. We’ve learnt our lesson and until trading is solidly profitable and dividends return it remains a hold. Balfour Beatty at 261.6p+9.9p. Questor says “Hold”
Eric, that's what The Tdlegrsph said today, but said to 'HOLD' until we see a pickup, though orderbook stands at around £10.3bn that's good to me.. I own 6600 BBY 2020 preference shares yielding a eyewatering 8.1%, doesn't move much at all, and so far have done well so far. Though the yield is guaranteed when interest rates rise, so might sell Xmas and move to either HSD or LRE.
Times and telegraph give good buy write ups today. Share price is on the up for my christmas present. BUY BUY BUY
is market expectation for a bid , depending of course on the upcoming results supporting that theory
I think it's the Leo Quinn effect in action, he has made no secret of the fact that there is a lot of work to be done to turn the company around and that it is not going to be a quick fix - but - he is one of the very few capable of doing it and doing it properly.
This has got to be the most resilient share for the last year that I've come across since becoming a PI. It had cancelled share buyback, and the SP didn't move. The dividend was cancelled and the SP didn't move. They downgraded profit and still no movement and in the SP, and now they came with a further profit warning and the SP still doesn't budge. Absolutely remarkable.