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Some improvement from Speedy can we expect similar from HSS?
http://www.iii.co.uk/stockmarketwire/279395/vp-plc-improves-h1-pretax-profit-hikes-dividend
I accept you might have a point but don't justify it by saying read the statement. Do you want to review the statements from this lot over the past few years?
Spot on sales guys are a joke over discounted every time they win something out of control senior management no idea how to control thse guys
I understand how you can form the arguement re ORR but i don't subscribe to it. Over the period of CP4 the physical demands are as evident as the savings required. NR (imho) are causing this current railway recession by maximising savings in Y1. The risk which is not being considered (imho) is who will survive to Y2-Y5. If you think we will have a change of Government next year read Tory Transport Review. ORR will be much more powerful under them, NR more accountable. Being Honourable MP's they will of course deliver on their promises once in power.
Dont know why link does not work. Google Babcock Rail.
www.heraldscotland.com/.../babcock-rail-review-puts-scottish-jobs-on-the-line-1.931814 - 6 hours ago - At this point I would not hazard a guess at the potentials of this but surely NR has to start treating its contractors better or the country will be de void of the skills required to run a railway. before any Network Rail supporter says take it back in house, get real!
That would make sense if they are in with Laing. Interesting market again. Babcock statement tothe City on rail, change at the top in Carillion (boss off to Laing O'Rourke) bid for Jarvis (maybe) AmeyColas HO four trains no experience(I am told Switelskey crews not moving dont know about Jarvis and Babcock people) BB just keep getting on with it (unless you know anything different).
Not followed this one for a while got out but think time may be right to buy again. What is feeling in Jarvis with loss of high output? Carillion contact has Volker in frame for Evergreen. Do you think buyer is more likely than contractual sucess? Thats my uninformed rationale for buying back in. OLE workbanks for next few years were reportedly healthy, best chance of sucess?
Cheers mate I am not in BBY I will have a look. Construction sector I always find difficult with my way of trading (tend to be in a bit of a hurry). Rail contractors, housing scary sometimes but exciting. NTG giving me my current bragging rights, still think more to come from that one.
Just read it, Parsons Brinkerhoff American consulting group. I did realise you were not serious just interested incase any thoughts about BB target. i had heard couple of days ago from reliable source that BB would be announcing and thought there might be value somewhere. Jarvis chat board was getting excited as they have said someone is sniffing but that was never on either. I guess there was never an opportunity for a chancer like me to make money on this one!
Who do you think theyu are stalking? Contractor with a mar cap £350m?
Too many FAV's won last year we punters wont get as lucky again. This is about cash as well as profit. Finally taken the plunge. Im in.
The answer to your first question is Balfour Beatty, I am surprised you hold Rugby up as sucess story. I was not having a cheap pop at jarvis my cash is in here as well. But my arguement is that qualifying for MAF contracts or CEFA is no gaurantee of any additional work. Even renewals workbanks are eaten away by maintenance doing more light renewals. Ramping or hypeing up where NR are the unknown factor for me is mega risk strategy. Caution on any rail related shares is my approach, if you are happy with current profit take it, there may be better to come but NR are all powerful. Babcock Rail another change of CEO, Carillion on Rail MD 3 in what 3 years. Balfour seem immune to be fair.
I accept the point re difference with MAF and CEFA. Tell me about Jarvis ability to be multi disciplined? They major on core rail and plant. MAF will require a raft of subbies, that will require management and paying. Also consider risk. How close were Jarvis to being associated with the Lugton/Kilmarnock bridge collapse? No more than guilty by association maybe on this occasion, but given all they have had to recover from in the past they are one incident away from no credibility. Would you risk a subbie doing that to you?
A raft of contractors (12?) all were "awarded" contracts under the new CEFA ( civil engineering framework agreement) contracts. Some goverened by geographical bounds. Sadly all contracts are zerio valued, ie they have qualified as a contractor but have no gauranteed workbank.
You sound bitter, many at or ex jarvis have due cause. Stretches further back than ex pit bosses for management greed and incompetance. Man in charge of rail and plant now has better credentials. Change of CEO cant do any harm but dont know much about new guy.
its aduster thank you. unfortunately construction and rail sector information and logic only take you so far when Network rail are in the mix. Their behaviours are unpredictable (if you were being kind, ). Very top heavy with management and interferance with contractors. due a major management shake up and rationalisation but not until 2012 when they close offices in London, York and other places to move to Milton Keynes. there are constant industry roumors that they could be a target for other contractors to buy up, perhaps fixing debt increases that chance? Don't know. i know the sector but not arvis as well as Belhus appears to.
belhus I agree with most of your analysis and have been hanging on to Jarvis for sometime. They are now moving to a rightful place pre new contracts. Maoyedi and his team now appear forgotton. The real positive should be that these Network Rail contracts are let on a traditional contract basis not under "open book" IMT work which is painful for Jarvis, BB, AmeyColas and Babcock (see last report). The other contractors who got out of these contracts Carillion and Volker (GrantRail) have gone from strength to strength.
Jarvis, Balfour Beatty and Carillion likely to be the main beneficiaries of these works.