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Started: Scarfell, 13 Mar 2024 09:04
Last post: Scarfell, 13 Mar 2024 09:04
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.
Started: fatprofits, 11 Mar 2022 15:34
Last post: volcano, 6 Dec 2023 15:28
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.
Last post: LOTM-13, 15 Mar 2023 13:45
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
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
Last post: volcano, 10 Mar 2022 08:01
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.
Started: Pokerchips, 7 Nov 2021 15:11
Last post: patxd, 23 Nov 2021 12:38
All depends on whether they make any profit out of it all.!
The five-year spending package provides $110bn in funding to upgrade the nation’s roads, bridges and highways; $39bn to modernise public transit, expanding the transportation systems and making it more accessible for people with disabilities, and $65bn to improve broadband access for Americans in rural areas, low-income families and tribal communities. It also includes provisions aimed at helping fortify the nation’s response to the climate crisis by building electric vehicle charging stations, modernising the electric grid
"..progress on their fixed price contract work is absolutely key .."
Yes..but they often have hedging derivatives in place with regards to cost controls
Next trading update should provide more clarity,
usually early DecemberISH.
Not holding ATM and may wait to see what they have to say,
progress on their fixed price contract work is absolutely key ATM
given the inflationary background - that is the area to watch.
ALL QUIET REGARDS THIS.
SOME CONTRACT WORK I WAS HOPING THAT BBY WOULD TAKE A SLICE , WILL THIS HAPPEN?
ANY THOUGHTS ?
Started: fatprofits, 21 Oct 2021 13:46
Last post: Pokerchips, 4 Nov 2021 15:55
Trying again at 248p .... see what happens this time !
* covid cases now rising rapidly
My stop loss was at 2.62, but only got 2.6179 yesterday,
assume the SP changed quickly.
I'm not overly tempted to consider again until the next update
as with vivid cases not rapidly increasing again we may be looking
at potential headwinds - staff absences etc.
Very nice morning for Unilever, bought the dip under 38 and
have now exited those.
Started: fatprofits, 15 Oct 2021 03:46
Last post: Pokerchips, 20 Oct 2021 10:13
sold again yesterday - sp is the target of algo bots which are aimed at taking it down - happening in a lot of shares I watch
I think the aim is to do that gradually, over time...as obviously the margins are better in Support Services..
Costain and Wood Group etc have also been looking to do the same.....of course... the margins on some construction projects are so low and potentially risky that they are literally pulling out of the tendering ..BB are pulling out of London residential property projects .... Taylor Woodrow and Costain have been pulling out of some of their tenders, apparently
Balfour - " is increasing its margin target range for Support Services from 3-5% to 6-8% which represents an increase to Group expectations for 2022."
What I would like to ask the CEO is why not increase
the focus on infrastructure investments and support services,
while running a small general construction division.
fatprofits
nice one...good to see someone in here !!
I have taken a few this morning as a start too.....see how things progress .....
H1 dividend - 3p, - "which will be payable on 6 December 2021 to holders on the register on 5 November 2021."
( ex div 4th Nov )
A very small amount and my first time holding BBY for
many a moon.
My main concern is inflationary costs, particularly labour,
impacting their fixed priced contract work.
And I would guess this is what the market may also be
attempting to factor in, given recent SP weakness.
I rate the CEO fwiw, however construction is a difficult business
at the best of times with often wafer this margins - I started
working life in this sector a very long time ago.
To appreciate how little value the stock market accords their
construction division, keep in mind their infrastructure investment
book is valued at £1.1 BN, then you have the support service business
on top of that.
Started: ShareCrow, 11 Jan 2021 09:44
Last post: Pokerchips, 14 Oct 2021 14:30
looks like this is mostly directed by bot algo trades ...using a VWAP to drop it lower
They looking for a 260p base line ?
getting closer at 270p ..... confidence has to turn soon...been watching this one
now is the time to buy BBY
More buy backs last three days too!
Share buy back is well under way. :)
Down slightly today as going ex-divi but news of of further PPI disposals should support SP going forward. 1.5p divi to be paid in July. All good.
Started: CEREUS, 31 Mar 2021 11:00
Last post: 1noise, 8 Apr 2021 17:14
Yes, amazing for a FTSE to be this quiet.
Mind you, I don't help because I think this is my first post on this BB and only occasionally check on the phone but otherwise just wait and see as head well above water anyway and not many shares to make any difference. I'll hang around in case someone bids for them!
Hello , anyone there ? No comments for ages , 245 , November , 298 today . Not bad. c. 20%
Started: prussell1963, 9 Dec 2020 16:58
Last post: prussell1963, 9 Dec 2020 16:58
Whilst looking for a bit of portfolio diversification, I have long though the road and rail to recovery outside of Brexit would favour infrastructure / major construction projects companies, especially with confirmation of HS2 progress. I am mystified as to why the likes of Morgan S / Costain / Kier and BBY have seen the pick up in share prices expected. BoJo has signalled many times that infrastructure projects are at the heart of recovery, so why no progress?? Have we in reality spent our all our money on fighting C19? Surely Govnmt will want to progress projects which make impact on the UK and travel/hospital/schools /rail and roads which will see many back in work and then working with the finished product must fit the bill. BBY has a 5 year average SP of 225/230p and has been flat. Even with todays news on buyback and possible dividend restarting at final year havent budged the price, it actually fell back from a high of 276p to close at 266p below its open. Is anyone excited by the potential orders which should flock to BBY's door and hence make the SP move?? Also very quiet BB from what I can see.
Started: TdYorks, 3 Dec 2020 16:55
Last post: TdYorks, 3 Dec 2020 16:55
quiet on here, considering positive movement.
Started: TdYorks, 11 Nov 2020 20:46
Last post: TdYorks, 11 Nov 2020 20:46
Nice rise today. Anyone for info on reasons why?
BR TdY
Started: swimfan, 20 Apr 2020 10:13
Last post: Taverham, 12 Aug 2020 08:23
No longer relevant as no divi- but cash in business higher than ever.
thank you,
What was the Ex Div date?
I have a little under 4000 shares in BB.
Next Ex-Div date?
over the years i hate how BB gets battered,
160 then 250,
170 then 230,
rise 10p, drop 10p......
back to £3 would be great.....
Swim Fan ... sorry to break the bad news but in the recent RNS we have this ...
"As the Group's proposed final dividend for 2019 of 4.3 pence per share, which was due to be paid on 3 July 2020, requires approval at the AGM, the postponement of the AGM means the approval of this final dividend to shareholders will be postponed accordingly.
Whilst Balfour Beatty benefits from a strong financial position, in light of the market uncertainty arising from COVID-19, the Board will keep the appropriateness of paying the final dividend under review until the rescheduled AGM, with a final decision dependant on the prevailing circumstances at the time."
Most (if not all) other builders have suspended/cancelled their dividends, it may well be that Balfour will go the same way.
Hello, was looking up BB ex-dividend date and got conflicting info. BB Site -28th May, Dividendmax - 23rd July????
informed SIP holder to sell my shares last friday... they are slow (normally)
checked Monday, see nice rise here, 7 p ish early on, check account - SOLD - 266p!!! no rise included.....
£9.5k coming back to me though....... i wanted 300p per share but i'll be older and greyer waiting for that.....
GLA
More positive news today and no movement.
Tough market conditions admittedly, but would have expected to see a push higher
Markets seem nervous still with a threat of more localised lockdowns, or worse
Expecting plus 10% today - where is it?
Interesting that BBY also gets a Notice to Proceed with its joint venture HS2 contract worth £5bn, alongside other contractors such as Costain although the SP reactions couldn’t be more opposite !
Started: bmwman, 12 Mar 2020 07:56
Last post: bmwman, 12 Mar 2020 07:56
If yesterday’s finish is anything to go by we are in for a good day regardless of the overall market situation! Hold and add imho
Started: Twonko, 11 Mar 2020 16:54
Last post: Twonko, 11 Mar 2020 16:54
We were well above this a fortnight or so ago. Have held this for ages so it’s nice to see it coming back and maybe contributing to my retirement fund. But still not over-excited.
Started: volcano, 10 Mar 2020 16:19
Last post: volcano, 11 Mar 2020 16:00
I am done , this was excellent in very scary markets ,
Balfour Beatty plc
BBY
263.00 GBX
+42.20 (19.11%)
and markets like it
Balfour Beatty plc
BBY
236.75 GBX
+15.95 (7.22%)
Highlights
· 8% increase in Group underlying profit from operations (PFO) to £221 million (2018: £205 million)
· 22% increase in PFO from earnings-based businesses to £172 million (2018: £141 million)
· 68% increase in average net cash to £325 million (2018: £194 million)
· 52% increase in year end net cash to £512 million (2018: £337 million)
· 13% increase in order book to £14.3 billion (2018: £12.6 billion); c. 40% increase with recent HS2 approval
· Investments portfolio decreased to £1.1 billion (2018: £1.2 billion); US military housing valuation reduced by £79 million
· 33% increase in full year dividends to 6.4 pence (2018: 4.8 pence)
Excellent and budget should also help sp imv.
Wednesday 11 March
Balfour Beatty Full Year Results
This is re rating here not just a daily jump on news! £3 plus tomorrow and will open up sharply imho!
Last post: Nickel_Investor, 11 Mar 2020 11:37
No wonder it's flying, pe of 3 without investments:
https://twitter.com/barondaytrading/status/1237649313058217984
Last post: Seaking1, 18 Feb 2020 17:19
Looking at the fundamentals which I tend to do when appraising shares I was put off kier by the minus 158 earnings per share, therefore I shall be buying BB.