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

BALFOUR BEATTY AWARDED COMMERICAL PROPERTY
SCHEMES TOTALLING £100 MILLION

THALES-BALFOUR BEATTY CONSORTIUM AWARDED £335 MILLION
DANISH RAIL SIGNALLING CONTRACT

Balfour Beatty, the international infrastructure group, announces today that in consortium with Thales, it has been awarded a £335m contract by the railway operator and developer in Denmark, Banedanmark, to transform much of the country's rail signalling system.

Balfour Beatty Rail and Thales will form a collaborative and integrated team to deliver this exciting project covering approximately 60% of Denmark's railway network. Balfour Beatty's part in the contract, which is valued at £90m, involves an integrated approach to the project by its Rail division in signalling installation, complemented by programme management services from Parsons Brinckerhoff.

Following the European Union rail network directive, which requires operators to upgrade train protection systems, Banedanmark has opted to replace its existing signalling system with a new, technologically advanced system aimed at improving efficiency, safety and punctuality.

Commenting on the award, Balfour Beatty Chief Executive, Ian Tyler, said:

"This award represents further evidence of both the geographic reach and technical capability of the teams in our Rail and Professional Services divisions, the combined skills of which were critical in securing this award. Working in partnership with our colleagues at Thales, we look forward to helping create a new benchmark for rail signalling performance on behalf of this valued client."

ENDS

A good start for the week, so far today.

I like these results on Thursday .......

Waiting in anticipation.

Anticipate no more!

Full Year Results.

Highlights

· Strong performance demonstrates the diversity, flexibility and resilience of our business
· Order book stable at £15.2bn
· Revenue1 up 5%; up 6% on a constant currency basis and 4% on an organic basis
· Underlying profit from operations improved in all divisions except for Construction Services
· Existing cost efficiency programme delivering, with £15m of savings in 2011; a further £50m pa of savings targeted through a broader programme over the next three years
· £20m gain from infrastructure investment disposals; Directors' valuation of the PPP portfolio increased to £743m
· Earnings per share up 9%; dividend increased by 9% to 13.8p
· Net cash position strong at £340m

JV lands GBP507 million Hong Kong airport contract

Balfour Beatty, the international infrastructure group, announces today that Gammon Construction, the market-leading contractor in Hong Kong in which Balfour Beatty has a 50% shareholding, has been awarded a HK$6.2 billion (£507 million) development contract at Hong Kong International Airport (HKIA). This is the biggest "solo" contract ever awarded to Gammon Construction and, coming on the back of other recent significant contract awards, is further evidence of the growth potential in this market.

BALFOUR BEATTY SECURES £230 MILLION
PPP HOUSING PROJECT WITH US AIR FORCE

Balfour Beatty, the international infrastructure group, announces today that Balfour Beatty Communities, a division of its US PPP concession arm, has reached financial close on a $362 million (£230 million) project to design, build and renovate 3,268 military homes at four bases in California, Wyoming, Montana and Missouri for the US Department of the Air Force.

350p is my short term target.

Ex-divi this wed, (25th) 8.5p
Not one I have watched before, but seems to be very busy, though not investigated the profitability yet!

I've added some today@ 259p with divi to come I can wait for a return to 320+.
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I have been adding from 290.
I think they want their employees to be more flexible/mobile, so the notice.

Directors added many shares recently. I think this is the bottom. Any other views, please?

BBY were trading around 254p ish last week after going ex-divi (8.5p) so whilst not at the very bottom it's quite close, unless you go back to when they briefly touched the 228p ish mark. They have won many contracts and have a decent divi. Also see post 95 to have an idea of what I think about BBY. Good luck
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I see a trading statement is due next wednesday (9th)
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Interim Management Statement.

Trading

Overall, performance has been consistent with the outlook given at the time of the full-year results.
Our order book, supported by good wins in the international businesses and growth verticals, has been maintained at a level in excess of £15 billion and continues to give us good visibility.
We are seeing some signs of recovery in the US, supported by positive leading indicators for the fifth consecutive month, which we would expect to benefit order intake later in the year. As anticipated, the UK construction market remains challenging.

Operating performance

Professional Services

The Professional Services order book at the end of March was ahead of that at the year-end with new orders in the Middle East and steady progress in the Americas.
Revenue was in line with expectations with the slowdown in the UK being offset by good revenue growth in the Americas, particularly in the transportation and power industry verticals. The Australian business continued to develop its mining practice in line with our vertical strategy with wins such as the Cobbora Mine EPCM project and good operational delivery.
Performance stabilised in the UK owing largely to the initiatives the business implemented in 2011 to align costs with the lower volume of activity in the market. Overall, Professional Services is expected to make progress in the year.

BALFOUR BEATTY INCREASES FOCUS ON GROWING WASTE SECTOR AND ANNOUNCES NEW CONTRACT
Balfour Beatty, the international infrastructure group, is increasing its exposure to the growing waste sector. The Group is announcing the award of a £34 million contract to construct buildings and infrastructure as part of a new UK Mechanical Biological Treatment (MBT) facility in Yorkshire and alongside its joint venture partner, Urbaser, has reached financial close for the £800 million Essex Waste Partnership's Residual Waste Treatment Contract.

Commenting on the contracts, Balfour Beatty Chief Executive, Ian Tyler, explained; "these two projects, combined with our recent preferred bidder status for the Gloucestershire Residual Waste Project, strengthen our position in the growing waste sector in the UK. They demonstrate the flexibility of our investment business model as well as our ability to harness the skills within the Group to take advantage of opportunities in growth sectors."

The Essex project, a 30:70 joint venture between Balfour Beatty and Urbaser, is a 28-year PPP contract to design, build and operate a new sustainable waste treatment facility for Essex County Council and Southend-on-Sea Borough Council. The award of the preferred bidder position was announced in January.

Balfour Beatty will be involved in the design and construction of the facility and will invest 30% of the required equity, approximately £7 million, in the project. Subject to gaining planning permission and a permit to operate the facility, construction is due to commence in early 2013.

BBY is printing money like never before. It is in its best shape ever in terms of profit, orders, etc.

I've held these several times and they are definitely on my shopping list at some point soon.

A bit weak yesterday and today (so far) and off their recent high of 281p ish, managed to pick some up @ 258p ish prior to them going ex-divi (8.5p). They have stacks of cash and have a very good order book. GLA.
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