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

Contract Win

BALFOUR BEATTY WINS ADDITIONAL £78 MILLION RAIL CONTRACT IN CHARLOTTE, NORTH CAROLINA

Balfour Beatty Infrastructure, Inc. (BBII) has been awarded a £78 (US $131) million contract by the City of Charlotte, North Carolina to build the track and systems components for the new Charlotte Area Transit System (CATS) LYNX Blue Line Extension. This is in addition to the £63 (US $106) million civils contract won in February for the Blue Line Capacity Expansion Project.

The Blue Line extends Charlotte's LYNX light rail system 9.3 miles northeast through the North Davidson and University areas, terminating on the UNC Charlotte campus. BBII will be responsible for the construction of the ballasted track, traction power system, overhead catenary system, train control, communications and other systems. BBII's Traction Power Group, which is headquartered in Goldsboro, NC, will be responsible for providing 11 traction power substations.

Construction is due to start in July 2014 and should be completed in December 2016.

Steve Marshall, Executive Chairman, Balfour Beatty said "BBII has a strong track record of working with our customers on multiple projects. The City of Charlotte Transit system is one such example. We initially won work on the Streetcar Starter project which is due to complete at the end of 2014 and now through these two contracts we have won rail work that requires both our civils and rail expertise. This is a great example of how we can bring together our different disciplines and strengths to benefit the entire company."

ENDS

Very tempted to invest here soon. Sub 220p looks to be likely, with a nice gap to be filled on the way up. Just a bit worried about the markets in general.......decisions, decisions...... Most brokers seem to be neutral.

Harry - an update of the chart that I posted on the 'chart' thread on Wednesday.

Deutsche Bank Hold 225.05 250.00 250.00 Reiterates

Could be quite a grind back up to 280p? Nevertheless, will buy if it goes sub 220p.

I think we may have seen the bottom - all bar a major sell off.

Sometimes there is a friday afternoon dip. I live in hope!

I've taken the plunge Harry.

Nice one. Will wait for this afternoon I think. Intraday dips do happen, particularly on a friday, though not sure it's wise to be scrabbling about for 6p........next divi is way off in Oct, so need to make money on the trade.

In the money :-)

Too far, too fast! Take profit! ;o)

On 0.54 of a point!

LOL! I need some downward pressure on the sp!

I'm almost constantly short of the FTSE lately and just looking for contrarian positions - like DCG, PIC and HWDN, and now (hopefully) BBY.

Not a lot of movement either way by the end of the day. Am still keen to get on board, so will reassess on tuesday.

I'm up 0.14 and 0.62 on TW - at least they are blue.

Contract Win

BALFOUR BEATTY APPOINTED TO DELIVER UP TO £180M OF INFRASTRUCTURE WORKS
AT HEATHROW AIRPORT

Balfour Beatty, the international infrastructure group, has been appointed to deliver up to £180 million of infrastructure works for Heathrow Airport Limited.

Over the next three years the company will work together with Heathrow to maintain and upgrade Terminals 1, 2 and 4, through the 'Delivery Integrator Framework Lot 1'. This is the first of four new-style framework contracts to be awarded by Heathrow, each for a different section of the airport, as part of a total investment package of £1.5 billion.

These new frameworks, which appoint a single contractor to deliver a programme of projects, are intended to enable Heathrow to realise year-on-year savings on its capital investment programme.

Balfour Beatty will be acting as programme manager and contractor at various stages throughout the lifecycle of the framework, delivering individual projects worth between £500,000 and £70 million. Projects will range from structural improvements to multiple asset replacements such as escalators and passenger conveyors, passenger and goods lifts, air conditioning systems, retail areas, CCTV, access and security systems. At the end of 2016 there is an option to extend the framework for a further two years, which will be worth up to an additional £70 million.

Balfour Beatty will bring its substantial range of in-house expertise to deliver the framework including design, engineering, construction, mechanical and electrical capabilities, and Building Information Modelling (BIM) which will allow full 4D design specification for Heathrow.

Balfour Beatty has a fifteen-year association with Heathrow having worked on two previous frameworks, and has delivered significant infrastructure projects from the award-winning Terminal 5 facility to multiple asset improvement projects across the airport. The company is currently delivering the new £590 million Terminal 2B facility as part of the Terminal 2 complex, due to open this summer.

Steve Marshall, Balfour Beatty Executive Chairman, said: "I am delighted Balfour Beatty has been appointed to Heathrow's new style of framework contracts. We have worked in partnership with Heathrow for fifteen years and we will continue to bring our leading capabilities in areas such as Building Information Modelling and safety to our work at Terminals 1, 2 and 4; and play our part in helping Heathrow maintain its position as a leading travel hub."

ENDS

Seems like your bottom picking was spot on Skinny! As it looks as though the markets are going to continue rising for the moment, I have also taken the plunge. Confidence is high that that gap will be closed over the coming months....at least up to the 200 MA.

Lets hope so Harry.

I also bought HWDN, DCG & TW last week - HWDN in particular looks reasonable.

Not sure about house builders this year. Lots of pointers implying that the market has peaked and is due a natural correction, bwthdik?!!!