Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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If that's recent news, explains friday
Chinese eye Balfour Beatty: A Chinese construction giant is exploring a £ 2 billion takeover approach for Balfour Beatty, the FTSE 250 company that helped to build the Channel tunnel
Looks like this found a nice support for a rise over next few weeks again.
Balfour Beatty plc PT Raised to GBX 290 (BBY) Posted by Max Byerly on May 29th, 2015 Balfour Beatty plc logoResearch analysts at Numis Securities Ltd boosted their price objective on shares of Balfour Beatty plc (LON:BBY) from GBX 258 ($3.99) to GBX 290 ($4.49) in a report released on Friday. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 13.37% from the stock’s previous close. A number of other firms have also recently commented on BBY. Analysts at Liberum Capital reiterated a “buy” rating and set a GBX 285 ($4.41) price target on shares of Balfour Beatty plc in a research note on Thursday. Analysts at RBC Capital reiterated a “sector perform” rating and set a GBX 200 ($3.10) price target on shares of Balfour Beatty plc in a research note on Thursday, May 14th. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Balfour Beatty plc in a research note on Thursday, May 14th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 240 ($3.71) price target on shares of Balfour Beatty plc in a research note on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 231.33 ($3.58). Balfour Beatty plc (LON:BBY) opened at 254.2000 on Friday. Balfour Beatty plc has a 52-week low of GBX 145.5900 and a 52-week high of GBX 263.0000. The stock has a 50-day moving average of GBX 244.43 and a 200-day moving average of GBX 221.32. The company’s market cap is £1.75 billion. Balfour Beatty plc is a global infrastructure company that delivers services for the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance. The Company operates in four segments. The Professional Services segment provides project management, architectural, design and other technical services. http://www.tickerreport.com/banking-finance/550711/balfour-beatty-plc-price-target-increased-to-gbx-290-by-analysts-at-numis-securities-ltd-bby/
Fri May 29 2015 Fluor and Balfour Beatty win $581m Texan toll road A Fluor-led partnership with Balfour Beatty has won a US$581m (£379m) contract for the Bergstrom Expressway project in Austin, Texas. Colorado River Constructors will design and reconstruct approximately 13km of US Highway 183. The project is expected to break ground next year, with construction set to continue into 2020. Central Texas Regional Mobility Authority's Bergstrom Expressway project will add capacity to one of Austin’s most important arterial roads, which serves more than 60,000 vehicles a day. The project scope includes the design and construction of six tolled lanes - three in each direction - located in the median of US 183, upgrades to the general purpose lanes, five grade-separated interchanges, four new bridges, two new flyover ramps and the installation of intelligent traffic management systems. “The Fluor-Balfour joint venture is proud to have been selected for this contract continuing our 14-year relationship with Balfour in Texas,” said Terry Towle, president of Fluor’s infrastructure business. “We look forward to successfully delivering the project in partnership with the Mobility Authority.” http://www.theconstructionindex.co.uk/news/view/fluor-and-balfour-beatty-win-581m-texan-toll-road
After posting I did think that Good Luck for the future
They are taking over the world lol I think they will be making a partnership with hitachi also in time. Did the sp change with the GEC takeover?
Today a company called Alstom brought out SSL which is a UK railway signalling company owned by balfour I do not know if this will be positive or negative for sp, I hope this helps. GL
Has brought out SSL shares of Balfour Beatty just now
I agree I've come across them a lot in my line of work, this company is in real trouble, the kind of trouble rivals wouldn't even want to buy, if these guys are the beneficiaries of multi £bln government infrastructure awards, why won't they mess up these contracts identically to how they've managed to date? GL
Balfour Beatty sells Edinburgh stake for £72 million: The transformation of infrastructure group Balfour Beatty moved forward again, as the company announced the sale of its 50% interest in the Royal Infirmary of Edinburgh public-private partnership for £72 million
New to this bb, & agree with Bobf. This company once made meat grinders & mentally, I don't think they moved on. But ... I've followed the comments here because Moneyweek rate this company & claim they are going to be the main beneficiary of government mega £bn contracts to rebuild British infrastructure. Comments?
Having worked along side this company in the UK and abroad this company is without doubt in a complete mess from the executive down and the staff up. BBY was once a great UK Company. Parts of the company are in good shape with modern management and and highly trained staff but there are too many other parts in a complete mess, driving a poor culture. The city sees this and so do the shrewd share holders. The new management are no doubt well connected but its too late to turn around, particularly when there are a number of other companies in the UK recruiting at the moment. A break up and buy out is the only option.
BBY is one of those shares that puzzles value investor. This share seems to go up when there's bad news, such divi cut, scrapping share buyback and provisioning more losses. I sold out a while ago but am tracking this share like a hawk and from what I see, the SP doesn't follow the fundamentals of this company? Can anyone shed some light?
Now the divi has gone might as well stick the money somewhere else, was very pleasantly suprised when the SP went up so got out with a little profit, However there could be more upside to this and a buyout is still not out of the question but they still have a lot to do to turn this around GLA
Really....scrapped a div payment!!!!! Shareholders won't be pleased about that!!!! 8p plus per share lost!!!!! Wtf....... Like saying the firm is in disarray!!!!!
Hi, when is the ex div date this April? Previous years been 23rd our 24th April. Any ideas? Thank you
The results might seem to have been factored in at close on Tuesday. I am wondering though if their win of £21m deal to build the latest phase of the Lewisham and Southwark College's Waterloo Campus was. This might be the surprise the CEO mentioned in a pre report statement?
Seems a few might have overbought yesterday on the flying SP....coming back to reality and OML is once again sharing its fortune...down 1018 and 6.40 respectively. OML I reckon might kiss bottom at the 225 mark and would be worthwhile, esp. with a fair dividend, unlike the current situation with BBY. GLEN would also be worth keeping an eye on for an entry point...down 1.14% at 298.60
I know where you're coming from with regards to a break up of the company but if we look back at the history of Balfour under the previous management , a lot of contracts were won by undercutting competitors but were very expensive to complete and thus ultimately dented the profit performance of the company. Under the leadership of Leo Quinn et al, they will sort out the wheat form the chaff and make Balfour a more leaner and thus more profitable company going forward, expect a few bumps along the way to keep us on our toes !!
I hope your right IMO a break up is the most likely outcome but I have no idea the value this would create
Ok, at 8.37am I posted how the price has no change and then, boom.. it shoots up almost 4 %... I ought to complain more often..
After reading through the whole statement this morning, there isn't any unpleasant surprises to note although the further writedown of £118m by KPMG is bizarrely better than the estimates of £200m that the city and everyone else was expecting. Ok, I grant you that the figure alone is not enough to sway anyone to invest but if you look at the market cap of Balfour approx. £1.6bn as of last night and the valuation of £1.3bn of their investment portfolio alone, it does make sense that perhaps a firm line can now be drawn at these levels and the upside percentage call looks quite favourable. In investing, there is a phrase 'you'll never get in at the low and you'll never get out at the high' but I'm back in this morning and I like to think I'm near the lows. Here's hoping for a good day.
Just could not buy these on bare results ,but as I said something is happening here so its hold on time
Announcing the results leads to virtually no change in the share price?? Yet, yesterday it was up about 2.5%, looks dodgy to me with early results released?