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

6% dividend stock and is falling!!

Been wondering whether or not to stick with this one, 10% down at the moment and would like to see an intra day reversal or small bounce today if I am going to continue to hold. H

sutherlh1-----I would sell, main reason being I have bought back in today sub 236p and I have this uncanny knack of inflicting sp weakness on most of what I buy. I bought and sold these previously and made a decent rather than spectacular profit so I'm hoping for a repeat performance. Good luck whatever you decide.
2517

Got out at 246p. Must admit sub 236p looks a good entry point from the chart being a level it has bounced from over the last 5 years (apart from late 2011 when it got to sub 220p). It still has a reasonable yield and could bounce from here. Good luck 2517. H

Agree with Sutherlh1 could bounce from here

seems to have bounced - where the sp heading now ?

I can see it up to the 200dma around 270p, before falling off again IMHO. H

Lets see how it opens broker upgrade today

RESEARCH ALERT-Balfour Beatty: Berenberg raises to buy

11 Apr 2013 - 07:00
April 11 (Reuters) - Balfour Beatty PLC : * Berenberg raises to buy from hold

Ex-div next wed 24th Apr (8.5p)

Deutsche Bank Hold 245.05 242.30 260.00 260.00 Reiterates

Trading Update

Balfour Beatty, the international infrastructure group, announces today that its UK construction business is expected to deliver significantly lower profits from operations for 2013 than management's expectations at the time of the full-year results announcement in March. The remainder of the business remains on track in aggregate.

Citigroup Neutral 216.00 260.00 220.00 Reiterates

Berenberg Buy 216.00 290.00 270.00 Reiterates

Deutsche Bank Hold 216.00 260.00 220.00 Reiterates

Oriel Securities Buy 216.00 346.00 346.00 Retains

Panmure Gordon Buy 216.00 310.00 310.00 Reiterates

PFI Asset Sales

PFI ASSET SALES DEMONSTRATE VALUE OF INVESTMENT BUSINESS

Balfour Beatty operates in international infrastructure markets and creates value from a combination of its strong local businesses, end-to-end capabilities and asset knowledge in infrastructure, and its skills as an investor and developer of infrastructure assets.

Since the mid-1990's the Group has built a substantial investments business through financing and developing greenfield infrastructure assets. This business has become a core value generator and has made significant progress recently in diversifying its activities into new sectors and new geographies, thus reducing the business's reliance on PFI in the UK and military housing in the US.

Taking into account the maturity and the scale of the portfolio (Directors' valuation £734 million at December 2012) as well as the significant opportunities presented by the diversification mentioned above, the business has been managing the portfolio more actively since 2010 - generating additional cash from disposals and reinvesting in areas that align with the Group's target geographies and market sectors.

As part of this strategy, Balfour Beatty announces today the completion of two PFI disposal transactions:

· The Group has sold its 50% interests in four PFI schools projects in Birmingham, Bassetlaw, Stoke and Rotherham to its co-shareholder, Innisfree, for combined proceeds of £42.5 million, generating a gain on disposal of £24.4 million.

· Balfour Beatty has also completed the sale of its 50% interest in the Tameside Hospital PFI to a subsidiary of HICL Infrastructure Company Limited, its co-shareholder, for a consideration of £16.0 million, generating a gain on disposal of £9.0 million.

The aggregate proceeds of £58.5 million exceed the Directors' valuation by £21.9 million.

Commenting today, Balfour Beatty Chief Executive, Andrew McNaughton, said:

"Balfour Beatty's ability to deliver long-term projects has enabled us to deliver superior returns from our equity investments while delivering a first class service to the public sector.

"The transactions we have completed demonstrate the quality and liquidity of our portfolio and are in line with our strategy to generate income from our Infrastructure Investments business through disposals, thereby releasing cash for future investments and delivering value for our shareholders."

ENDS

Credit Suisse Underperform 213.20 215.90 279.00 200.00 Downgrades

Panmure Gordon Buy 213.20 215.90 310.00 310.00 Reiterates

which one of these institutions are more reliable and honest?

Oxymoron?

Extension on California High Speed Rail Contract

Balfour Beatty Awarded Extension On £78 million
California High Speed Rail Program Management Contract

Balfour Beatty, the international infrastructure group announces that the California High-Speed Rail Authority has awarded a two-year £78 million (US$120 million) contract extension to Parsons Brinckerhoff, its professional services division, for programme management services on the California High-Speed Rail project.

One of the largest, most ambitious public transportation programmes in U.S. history, the project will allow passengers to travel from Los Angeles to San Francisco at speeds capable of over 200 miles per hour, making the trip in under three hours, compared to almost six hours by automobile. The first phase of the planned 800-mile network will run from Los Angeles to the San Francisco Bay Area through California's Central Valley, with subsequent phases connecting to San Diego and Sacramento.

Interim Management Statement

Trading

There has been no change in performance since the trading update on 29 April 2013.

As detailed in the trading update, a combination of difficult market conditions and poor performance in the UK construction business has resulted in management's 2013 full-year expectations for profit from operations in the UK Construction business being reduced by c.£50 million while trading in our other businesses remains in line with our prior expectations in aggregate despite a £10 million shortfall in the German rail business.

No further surprises, with a bit of luck there won't be a 3rd profit warning and maybe a recovery in the sp.
2517