Balfour Beatty Share Price (BBY)

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