Anybody trading in these shares? I just bought some @ 204.72

Would be good sutherlh1, I've done quite well from BBY in the past, and I have been watching them since the profit warning, pays a good divi too. Also been watching MRW and think around 245p-250p as an entry point.
2517

I bought back in @236.5 - albeit fairly small and may add on momentum - as you say George, still a good yield (if held) at this level.

My gut feeling was that around that level BBY was a decent buy, well done skinny, BTW I see HFD got an upgrade today with a TP of 400p.
Also have to say I enjoy your pics on the various threads.
2517

Thanks George.

Ironically 2 of my best trades this year have been HFD and MTC - both (to me) seemed no brainers and both closed too soon!

Contract Win

Balfour Beatty, the global infrastructure group, is pleased to announce that it has been named as best value bidder, as part of a design-build joint venture with Fluor Corporation, to undertake the upgrades and replacements of river crossings in Dallas, Texas. The Texas Department of Transportation's (TxDOT) estimate for the design, construction, utilities and right of way for the project is approximately US$798 (£502) million.

Contract Win

Balfour Beatty, the international infrastructure group, has been awarded a long-term contract to manage and maintain major trunk roads in the South West of Scotland. The contract was awarded by the Scottish Ministers and has a total potential value in excess of £125 million.

Contract Win

Balfour Beatty, the global infrastructure Group, has been selected as preferred bidder to maintain Suffolk's highways in a contract worth £200 million over five years, with the possibility of an extension to 10 years. The decision for awarding the contract remains subject to formal legal procedures.

If approved, it will mean that Balfour Beatty Living Places will be responsible for the design and implementation of highway maintenance and improvement works, winter gritting, street lighting, traffic signals and bridge works throughout the county.

Finally starting to look up.

Contract Win

Balfour Beatty, the international infrastructure group, has been awarded two eight-year contracts with National Grid to upgrade the UK's gas distribution network.

The contracts, valued at £1.2 billion, involve the design and installation of modern polyethylene gas distribution mains to replace aging metal pipes, as part of a programme of work agreed between National Grid and the Health and Safety Executive. The new Gas Distribution Strategic Partnership contracts cover the North West and West Midlands and will replace Balfour Beatty's current gas contract in the North West. Balfour Beatty will invest £55 million of working capital in the contracts.

These contracts build on Balfour Beatty's existing electricity alliance contract with National Grid which involves the ongoing upgrade and refurbishment of the high voltage transmission network owned by National Grid across England and Wales.

Commenting on the announcement, Balfour Beatty Chief Executive, Ian Tyler, said: "National Grid is one of our longest held relationships and we are delighted to continue this partnership.

Great news, but falling share price! why?

Don't know.

Why was there a drop on 8/11/2012?

Was it due to broker projections?

Projected EPS and Yield seem reasonable.

P/E just below 10 and projected below 8 with div of 14-15

Not sure what I am missing.

Holding

Fred - see posts 124 & 129.

Skinny,

Thanks.

I recall.

It is up 12% from recent low of 238 and I supposed profit taking is the motivation

My guess is that the gap is going to be filled and the following broker targets will be upgraded.

04-Dec-12 Deutsche Hold 255.30p 260.00p 260.00p Reiteration
04-Dec-12 JP Morgan Cazenove Neutral 255.30p 275.00p 275.00p Reiteration
03-Dec-12 Oriel Securities Buy 255.20p 346.00p 346.00p Reiteration
03-Dec-12 Investec Securities Sell 255.20p 210.00p 200.00p Reiteration


I have raised my stop losses.

BDYOH

As posted , I'm long from 236.5.

It's probably pointless as nothing seems to give the share price a lift but :-

Contract Win

Balfour Beatty, the international infrastructure group, announced today that Gammon Construction, a leading Hong Kong construction company that is 50% owned by Balfour Beatty, has been awarded a HK$ 3.4 billion (equivalent to £270 million) contract to work on a major section of the new Shatin to Central Link in a joint venture with Kaden Construction.

The contract, which has been awarded by the MTR Corporation Limited, includes the construction of two running tunnels covering 1km of track connecting the existing East Rail Line to the Hung Hom Station and the Hung Hom Station to the future Ho Man Tin Station.

Ho hum!

I would suppose that when you consider the "stated" value of contracts and the period they refer to with the total "hope" turnover they are like fleas on an elephant.

Be nice to see a little bounce.

. . .

Balfour Beatty plc ("the Company") received notice on 19 December 2012 from BlackRock, Inc. ("BlackRock") that BlackRock now hold voting rights over 34,469,134 ordinary shares in the Company, all of which are held indirectly. This represents 5.01% of the Company's total voting rights.

Mind the gap.

Balfour Beatty acquires US energy storage business

Balfour Beatty, the international infrastructure group, announces that it has acquired Subsurface Group, Inc. (Subsurface) to expand Parson Brinckerhoff's Energy Storage Services business in the USA.

Subsurface is a professional consulting and engineering firm, providing services in underground injection, underground storage, specialty wells, petroleum and natural resources, and environmental science. Headquartered in Houston, Texas, Subsurface also has offices in Baton Rouge, Louisiana and South Bend, Indiana. The 37-person business is forecast to generate approximately US$50 million (£31 million) of revenue in 2012.