Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Investors are only now wakening up to this beleaguered sector. BBY Cost and Kier all up today.
Glad I topped up last week, if only to average down on my loss.
Maybe so, but it was down to 152p in Oct 2014. I'm not talking the sp down as I have a position here also.
I doubled my holding today. Momentum is down so we could see lower prices but I looked at a chart and the lows of 2008 crash was 190p. We are close to that now, 5-6% away. I think with the general market being much higher than it was back then shows we are probably very close to a very very attractive price to buy. Further, the price we see if a nominal price which does not show the effect of ten years' worth of inflation.
Divi is not great on the stock but I think that this is a good share to buy and hold in a portfolio. They have some very big long term contracts and I believe in the people here. When you look at the chart, 200p is a good price and the market does not tend to stay below 200p for long. If the price comes off again then I will buy more but I think this is a good buying opportunity based on historic price alone
Sometimes, just levelling out is a good thing, to stop the relentless fall. Perhaps yesterday was a turning point? We are at a 52 week low, and they have loads of contracts in the pipeline. Reckon they'll be fined in the states, and it'll all be good again. This should be 300p+
£5 mil buys vs £2 mil sells says it all really.
Bad day for construction firms, maybe due a bounce tomorrow?
Depressing but more others doing. Keir, carillion etc. Debt here is well managed and they are picking up huge contracts. Thats said, just doesn't matter if the market hates you!
The relentless downward march of this Company is depressing.
UK is in a shambles and the way out of this mess is infrastructure. Jobs are being lost in industries left and right, the government must spend more £s on projects to bring public and private transportation up to superpower standards if they want to attract much needed business after brexit. It's time to remove the blinkers.
...the results aren't reflected in the SP
Well done BBY , a good set of results . Thank you.
looks like BBY is doing ok compared rest of the companies in the same industry .
News Release
14 December 2018
BALFOUR BEATTY TRADING UPDATE - ON COURSE TO DELIVER INDUSTRY STANDARD MARGINS
Balfour Beatty, the international infrastructure group, provides a trading update covering the period to 13 December 2018.
GROUP
Group performance for the year will be above previous expectations as a result of an additional Infrastructure Investments sale in December. The Group now forecasts that the 2018 Infrastructure Investments profit from disposals will be around £65 million.
The Group continues to drive fundamental transformation under the Build to Last programme, as evidenced by the fact that it expects to deliver on its key Phase Two targets, with all earnings based businesses successfully achieving industry standard margins for the second half of 2018.
Balfour Beatty continues to strengthen its balance sheet. In December, the Group paid down the remaining convertible bonds, delivering a 45% reduction in the gross debt over the last 12 months. The year end net cash is expected to be broadly in line with prior year, with 2018 average monthly net cash now forecast at £185 million, ahead of the previous £140 million to £170 million guidance range.
Why ? Did you think that BBY's sp would keep steady when Kier's and Interserve's is collapsing !!!
... why the share price has fallen like a stone recently?
16:35 - 30/11 Sell 1764208 251.00p £4,428,162.08
at last dissent results , looks like recovery going very well.
Yep was thinking the same thing. Share price might have been looking a bit toppy but surely not now in the light of that news. Blimey didn't clln want to takeover bby or merge with them not so long ago.
should be interesting to see if BBY benefits from contract redistribution as result of CLLN liquidation. In any event BBY has got to be a good example of how to manage a recovery successfully.
What do you expecting their trading report on Tuesday, positive or negative?
I�m not invested here either, was just interested after reading the Mail article to do a little research of my own. The chart says it all, daily, weekly and monthly looks to have gone through a liquidiser. No clear direction only giveaway is MacD.
I am not in here but in Carillion, Mail article today is talking about the new hedge fund target for shorting could now move to BB, who knows if this will happen but it if does it could mean these shares could be on the way down. be careful, I am not looking to get in here but wouldn't want the same thing to happen here that's gone on in clln.
Pref 2020 I believe will be redeemed at 100p in 2020. https://www.balfourbeatty.com/investors/shareholder-centre/preference-shareholders/