Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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But don't regret it. Made up loss plus profit on another infrastructure stock. So can't grumble. Would love to get back in here... but will wait this time.... Just have a feeling it is too soon to dip back in.
getrichslow - I think you bought bby around the same time as me and £2.60 would have been a limit sell order surely at a good profit for you and not a stop loss? Well done on the £2.80 btw.
goes down sub 180, I will buy. Until then its a gambol. I have made a fair bit on this stock over the years. Shame to see it "rudderless".
I suspect the latest rejection puts BBY in play as a takeover target. Depending on what hapens with the PB sale I can see them being taken over at over 300p
According to Carillion, the revised takeover approach for Balfour Beatty offers a 36 per cent premium. Yet this sweetener depends on the 600m new shares you would create having the same market price – 337p each – as 430m now in issue. But it looks as if services group Carillion is actually offering a premium of around 12 per cent to the price for Balfour shares before merger discussions became public. This consists of a preferential share of the merged group – increased from 56.5 to 58.3 per cent on Tuesday – and an 8.5p dividend. Baflour Beatty is right to label Carillion's approach as "opportunistic". Balfour is a late cycle business and, right now, it is at the bottom of the cycle. Still, Carillion have a brilliant management team and they are probably right on the synergies that could be achieved. A merger at this stage is unthinkable, leaving Carillion with the option to go hostile and pay for it. Whether or not the company has the financial firepower for such a sizeable acquisition, however, is highly questionable. Shareholders In BBY should sit tight and hold out for at least 350p a share. The construction & support sector is overcrowded and consolidation is overdue. Pinkers expects a wave of M&A in the next couple of years. Furthermore, as opposed to highly valued (overvalued?) consumer stocks, this sector is dirt cheap, offering healthy yields at low P/E ratios, even when measured on CAPE. So, what next? BBC1 failed. But in the age of 'channel hopping', there are more options. What about BBC2, for Balfour Beatty Costain, that is? Rather than returning money to shareholders from the impending sale of management consultancy Parsons Brinckerhoff for some £700m, Balfour could have a tilt at Costain, capitalised at a mere £270m. A nice idea… but even better: BBC3! The combined market cap of Carillion and Costain happens to equal that of Balfour Beatty: Roughly £1.6m. Now, this really would be a 'merger of equals' rather than the BBC1 reverse takeover. And the synergies would be enormous. A 'no-brainer', really. However… getting the three parties around a table would be a tall order, indeed. However, one thing is for sure: All three companies are now 'in play' and change is in the air. Investors in all three companies should hold their nerve… and sit still! Watch this space! More on this subject: Entries 25th and 31st July (please scroll down): http://pinkerspost.com/category/in_and_out/
A few Weeks ago had a stop loss at 260 but it triggered first thing in the Morning at 280....Will get back if it goes down a bit more...No disrespect to holders...hope you all do well..
I believe management have made a big, big gaffe and will pay for it with their jobs. Investors will pay for it with their pockets. Fortunately, like uddinkas I bailed-out at 2.50 and reckon to get back in the 2.00/2.10 range and expect that to be soon.
They will definately need to pay dividend now just to keep the shareholders happy.
Wow, the share is going for a free fall! I'm glad I got out before the free fall with a small realised gain but may come back in at 200 level. The directors did not act in the best interest of the shareholders but rather acted in their own self interest. What a bad move. Heads will roll if the gamble by the directors don't come out good.
Well, It does not seem to be a risky investment for me at this time. With current improved market BBY will be doing much better. Two more dividends to come this year. The worst happens this will go down to 220p and upwards 300p. I think its time to top up. At least 250p in the near future.
Here's trusting that BBY management are going to improve UK profits enough to compensate for loss of Parsons. It's a big ask and as a BBY shareholder I would favour a merger and retention of Parsons, with a further review later. BBY have obviously gone too far down the road with the disposal to allow any merger without prohibitive costs. Steve Marshall is going out on a limb IMO - he'd better be right...
could be if a deal is done...that's the gamble no deal and 238 a share for bby will prove to be expensive imho clln a better bet...deal or no deal...sorry peeps
How long do they have to keep trying? Whichever, isnt this a good buying opportunity for BBY shares?
Would Carrilion make another offer for BBY,,, I think Balfour is trying to get much as possible... May be an other final offer before end of today,,,,,
Over 6% so far but that could go either way.
so wonder how far BBY shares will fall today
Carillion has raised its offer for Balfour Beatty in a move that values its larger UK construction rival at more than £2bn just two days ahead of a crucial deadline. The improved, third bid, which Carillion made after consulting with shareholders, will give Balfour shareholders 58.3 per cent of the combined company, up from its previous offer of 56.5 per cent. (Financial Times)
I hold BBY. I think a merger of the two companies on something like the latest proposal will be good for both companies making up the merged group. The proposal is opportunistic in that BBY is in a particularly weak position but CLN management are just taking advantage of a situation which exists and was not of their making. I think the combined group really will have the advantages of scale; will succeed in making the cost savings proposed; will have a proven management team. Disclosure: I hold BBY
Offer increased 22% of yesterdays close
Balfour in talks to sell US arm for £700m Potential WSP deal comes as leading shareholder in Carillion and Balfour Beatty urges construction groups to restart £3bn merger talks
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11039931/Carillion-expected-to-sweeten-offer-to-woo-Balfour-shareholders.html maybe things looking up at last for bby........lol
You do what you think is best for you is always the best policy. My comments on HL. are mainly aimed at the costs they were charging and why I moved. The share price is not going to me moved by me leaving but it might if thousands are doing likewise. Back to topic - http://www.dailymail.co.uk/money/markets/article-2725838/Balfour-Beatty-calls-Carillions-takeover-proposal-opportunistic.html Well its not long until the 21st so we will know for definite one way or another might be good for traders in the short term all this movement. Have a good weekend
Yeah think I have got that. You're definitely not holding or buying hl. though and it's gone up too. I don't mean this in the wrong way gerry but I think I'll continue to do the opposite of what your posts seem to suggest on a range of shares lol.
The other side of the deal means I hold Clln. I thought you had BBY so could exchange opposing views. I fancied this for the divi, you know how I like a good divi. Anyway your not holding. The bid has just muddied the water for me and increased the price, not so great if you want to buy! Anyway the saga continues but I suspect there is a lot going on behind the scenes to act in both directions. Im still not fully convinced its what Clln should do with my money but that have had good form previously and seen as good management. Although this could be a fish too big and sink the boat! I cant see me buying in here now at the moment until things settle down so I will have to settle for collecting Clln divi only. Although the bid has upped their price too so it looks like I will be holding some cash unless I find summat else to waste it on.
Carillion is trying to bite off more than it can chew. The construction outfit is aiming to what in effect would be the acquisition of its larger rival Balfour Beatty - its much larger rival. At £8.7bn Balfour Beatty's revenues are more than double those of its suitor. Pursuing mergers for cost savings is the best possible motive and in this case Carillion thinks a combination of the two firms could free up £1.5bn in savings on a taxed and capitalised basis. Indeed, Carillion has pulled off this trick before but with smaller deals. On top of that, Carillion came nicely enough out of the crisis, after having de-risked its construction business. However, and as Warren Buffet has pointed out in the past: what happens when good management teams meet poor companies is that the latter prove decisive, says the Financial Times' Lex column.