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.
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”
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