Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Well results were so-so but then a 9% share price hike. Taken the opportunity to sell a few. This time last year the shares did the same only to fall back by June. Sell in May might be even better.
07/12/23 Balfour Beatty PLC Trading Statement,should be good one ,fingers crossed .
Wow market doesn't like it at all now, sub £3.00
Have to say that's a bit over done for sure, 5-7% I could understand 12%+ has to be over done.
Bought some of those sub £3 ones because they are a long term bargain. I hope the Buy-back is buying them back big time now to.
LOTM
Looks like the market does agree with me, in not being impressed with those results.
Those who paid £3.50+ 1st thing this morning must be pretty peeved off right now.
The £150M share buy-back program will get some cheaper shares to start the last 1/3 of it. Program might finish now with under 545M shares in issue when all said & done.
That should make a difference to the final dividend payment next year.
Will be looking for 10p a share this time round to go with the measly 3.5p there giving for the interim.
LOTM
I can't say I was impressed with the results, but market seems happy for now.
Adjusted eps barely changed even although there are a lot less shares in issue now.
Dividend unchanged, so the cost of the dividend to the company is less than it was last year. They could have at least maintained the amount in £ terms that was paid out to shareholders compared to the last interim payment.
LOTM
Good results hopefully sp will rise.
7 consecutive down days.
Sometimes takes realisation of good results a while to filter through.
Up 10% now though, with 1.8% dividend secured today.
Excellent results. SP would be up 10% if not for the bad day on markets dragging it down.
I have to say, rather disappointed in the dividend.
I was expecting them to increase the final payment to at least 8p if not 9p. That would have brought the total for the year to 11.5 or 12.5p which only amounts to total cost of approximately £68M for the whole year.
It will end up costing less than that given the amount of shares that will be bought back in the coming month's.
The share buy-backs are totally transforming the company, 690M share outstanding just over 2 years ago, now down to under 575M. Which translates into a 16.667% reduction to date. Add in the likely 25M+ shares that are going to be bought in the next year, takes that figure to over 20% (690M to 550M).
That reduction has a significant impact on the EPS going forward as well.
LOTM
another very good results
Jefferies raises Balfour Beatty price target to 400 (385) pence - 'buy'
another very good trading update from BBY
Much depends on the US trade position over the coming year or so. Two big issues I think will decide things. 1.. is the US debt position. and 2nd is the extent to which Mr Bidman is allowed to push ahead with his schedule of business .. assuming that is, Mr Putin doesn't spook the world into a deeper conflict
This confirms my inherent distrust in charts.
looks like a 5 year break out although I do not pretend to be a chartist
I have bought these based on good recent momentum and a decent dividend.
Balfour Beatty outlook confident as half-year profit more than doubles
Fixed cost work now reduced to a small %,
£150 million buy back in FY '22 with a
growing dividend and net cash position
Strong Buy is on a 3 year basis
FTSE 250-listed construction firm Balfour Beatty said its annual results were ahead of expectations, and it has upped its 2022 share buyback to GBP150 million.
For 2021, pretax profit nearly doubled to GBP87 million from GBP48 million in 2020, but revenue slipped 3.8% to GBP8.26 billion from GBP8.59 billion.
Underlying profit from operations from earnings-based businesses more than doubled to GBP181 million from GBP75 million, and was ahead of the GBP172 million seen in 2019.
Balfour declared an annual dividend of 9.0 pence per share, up from just 1.5p in 2020.
Balfour ended 2021 with an order book of GBP16.1 billion, down slightly from GBP16.4 billion at the same point the year prio
Never much of a share - the old preference share was good while it lasted!
expecting a bit much with 210p (maybe you were just looking for sellers)
...update today pretty reasonable....
This is the SP everyone is waiting to hit on for the next couple of years investment.
So keep some spare cash somewhere, not long to go.
All depends on whether they make any profit out of it all.!