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I just workout the 200million dividend and its coming 29p per share. Thats good on top of the usual dividend.
Market seems to like that this am. Wonder if the merger will resurrect itself now that PB is off the table?
Sept 3 (Reuters) - Canada's WSP Global Inc said it would buy Balfour Beatty Plc's U.S. professional services division, Parsons Brinckerhoff, for an enterprise value of about $1.24 billion, to increase its footprint in the U.S. transportation segment. The deal will also help WSP expand in the United Kingdom and give it a stronger presence in key growth regions such as Asia and Australia, the company said. The deal is being financed through a combination of a $502 million bought deal public offering, $400 million in private placement and new credit facilities, WSP Global said. In a bought deal, underwriters commit to purchase the entire offering from a client and then resell it. WSP Global has entered into an agreement with CIBC and Raymond James, on behalf of a syndicate of underwriters, to finance part of the deal. The deal includes an additional consideration for cash retained by Parsons Brinckerhoff of up to $110 million, WSP said. WSP expects the deal to close in the fourth quarter and result in cost savings of about $25 million a year over two years. Barclays and CIBC are acting as financial advisers to WSP. Stikeman Elliott LLP is the company's legal adviser. Hogan Lovells LLP is providing legal advice to WSP with respect to U.S. law. WSP's shares closed at C$36.95 on the Toronto Stock Exchange on Wednesday. (Reporting by Sneha Banerjee in Bangalore; Editing by Simon Jennings)
I am glad to hear you are not accusing me. Lse did not contact me about any misuse of the bb and, at the time, I commented simply that lse were right to curb the off topic out of respect to holders. I once held shares in a company where the bb was turned into an off topic circus by posters we both know. What I said at the time is exactly what you have just said so there is no disagreement between us on this matter. When there is no news which is the majority of the time, I think it is only natural that people will stray into talking about other shares and other things but bby had issued a trading update or something and I was thinking of buying in ( thank god I didn't at the time) and I came on here to find nobody to discuss the trading update with. Obviously it is up to the folk doing the complaining to contribute something relevant themselves and perhaps they have which is more than can be said for somebody who openly complained about sidmadrid and I discussing dge on the appropriate bb!!! I wouldn't say I led an exotic lifestyle - just a hectic one typical of most households these days which included a bit of typing at 50 w.p.m. one of my few skills apart from the cooking, the shopping and cleaning - a bit like yourself really. You were maybe right not to post your short term trade on the tesco bb as it would not have inspired or done much for the morale. dam ned if you do da mned if you don't sort of thing. As I have nothing new to say about bby and I don't want to upset anybody I'll leave it at that but I might look in from time to time to read the posts which might include yours about your holding here though to be absolutely candid - like you I couldn't really care less I do miss lego as we often chatted on various bbs late at night saying everything and nothing really. I think I was one of the last he chatted to on the bbs same as mgb7 so I feel sort of privileged as they were both good eggs. Goodnight.
I was not accusing you and TBH, I dont really care,I suppose we where abusing the board and LSE had every right to step in and stop it, they kindly said it was alright if we used a defunct board like CAZD, that way we dont offend genuine posters and everyone remains happy FWIW...
Thanks..I only traded a few Tesco...looking for the dead cat...and I made a swift exit, not wanting to outstay my welcome...still have a few dogs in the pf but all in all pretty good,hope you are making a few gains, to pay for your exotic lifestyle...
And it wasn't me who complained to lse about the amount of off topic on here before though for some reason some jumped to that conclusion. Why would I have complained when I used to chat to lego and others on here about non bby stuff on the odd occasion. It was possibly a trader who had some insight into the big news which broke or a long term holder here. Traded this share a few times. Could have done a whole lot better but could have done worse as well. Good luck to those who hold.
Well done on your Tesco you old sly puss. I didn't know you had them when you posted to me on the bb in the wee small hours last night. Lots of lulls here but you do expect the bb traffic to get busier when there is a lot happening as there has been here of late. Not holding so I'll leave you to it. Pinkers certainly offers much to ruminate on.
This has always been a good board....BTW I still hold some BBY (& PMO)...slightly off topic there...my urban slang is improving FWIW...
In a hurry so please excuse the typos but as long as you get the drift.
There you have. The person shorting the fres revealed and it wasn't new kid, robert, you or I. Go go get him tiger. £20 by March. It seems jackdawsson is the only person to believe in report live trades on lse so I can exclusively reveal to you that I'm not old any in the old dear at the current time. Good bb here now - much improved and we have you to thank Hughsie well done to your sir. I tip my hat to yer.
"True value"… is Balfour Beatty doing a 'Tesco'? Balfour Beatty is now a one of the most "obvious" targets in the construction & support industry. Indeed, the whole sector is ripe for consolidation. Just look at the Times equity prices columns and one cannot help but notice the sheer length of the two listings (Construction & Property and Professional & Support Services). Combined, and the cross-overs are only too evident, this would be the longest column in the paper, easily exceeding Natural Resources. More on this subject: http://pinkerspost.com/?p=312
Balfour Beatty increases value of its portfolio of public sector work to £1 billion days after rebuffing bid from rival Carillion: Infrastructure giant Balfour Beatty increased the value of its portfolio of public sector work to £1 billion days after it rebuffed a bid from rival Carillion.
Its called a typo=error
why does the rating advise sell when the target is nearly 20% above the share price ?
The cynic in me when I read the rns this morning was that having rejected the offer things have just got remarkably better. Its a "Directors valuation". I also thought that clln might have seen the value but apparently didnt get to see the books. Maybe if this was independently audited I would be less cynical but then again maybe its why the BoD say the deal was opportunistic and rejected it. Hopefully for the holders the figures stack up and its supposed to be a conservative assumption to boot.
Today's revaluation of assets presents a much more rosy picture of the state of the company, but it uses a different methodology to do the calculation. Is this just a fiddle or realistic?
LOLZ.
Balfour polishes hidden jewels to soothe City: Balfour Beatty is to embark on a City charm offensive to appease disgruntled investors — including a hike in the value of its book of infrastructure investments — after the collapse of merger talks with smaller rival Carillion.
Well, the "put up, shut up" deadline has gone. 5pm wasn't it? £2bn all-share takeover turned down. Indecisive bod and no CEO in sight - would you take on the job (unless you had a watertight contract that if the ship sank, you would float?) I can see - maybe in six months - Balfour going to Carillon, begging. Or a "leg-over" before then. No, I'm staying well away from this one. I feel sorry for the workers - the guys at the coal face.
We all must do what we feel is right for us regardless of what is posted on a bb. Right now, I'm glad I ignored some of the more negative posts on here yesterday. Have a bit of a purple patch so best crack on atb.
Yes everything you say makes sense and is quite valid - if you are a holder. But to an outsider, gazing in the shop window... not a lot to offer.
Mr Mackenzie has to deliver now - even with a weakened BOD. Can't say I agee with the Clln rejection or the sale of PB. If there was not the prospect of further Takeover activity I would be out of this Management regime. But, will wait and see and top up if it falls further to 2.00 - 2.20
Like you I have made a bit on this share though never been what you could call a holder. Just reflecting though that there is an unchanged from last year I think interim divi to come and holders might want to take heart from that as some ftse 250 stocks pay out zilch in terms of an interim and/ or main div. Worth keeping an eye out here for news of PB disposal, appointment of new chief executive and any sudden merger/takeover developments atb to all holders here.
Balfour to revalue public-private deals Analysts predict a revaluation of contracts to build and run UK schools, hospitals and university accommodation could more than double its book value