Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

For discussion of the practicalities of setting up and operating income-portfolios which follow the HYP Group Guidelines. READ Guidelines before posting
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
idpickering
The full Lemon
Posts: 11274
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5760 times

BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159738

Postby idpickering » August 15th, 2018, 7:10 am

Highlights

· Underlying profit from operations (PFO) increased by 69% to £66 million (2017: £39m)

· Average net cash £161 million (2017: £45m); half-year net cash £366 million (2017: £161m)

· Underlying UK Construction PFO £5 million (2017: £2m), after £15 million charge on Aberdeen Western Peripheral Route

· Higher quality order book increased 11% to £12.6 billion (2017: £11.4bn), whilst maintaining Build to Last disciplines

· Directors' valuation of Investments portfolio stable at £1.2 billion, post £108 million of sale proceeds

· Interim dividend payment up 33% to 1.6 pence per share (2017: 1.2 pence)




And later;

Dividend

The Board is declaring an interim dividend of 1.6 pence per share, a 33% increase on prior period (1.2 pence per share). The Board recognises the importance of dividends to shareholders and anticipates a progressive dividend policy going forward.


https://www.investegate.co.uk/balfour-b ... 00028150X/

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3427 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159751

Postby monabri » August 15th, 2018, 8:19 am

Why did the directors recently sell shares ( Quinn & Harrison totalling ~£3million... Harrison made 2 sales).

Yield is quite low (<2%) and couldn't be considered for a new buy. ( I'd prefer Kier).

Is this sector starting to turn slowly round after the Carillon debacle?

idpickering
The full Lemon
Posts: 11274
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5760 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159763

Postby idpickering » August 15th, 2018, 9:26 am

monabri wrote:Why did the directors recently sell shares ( Quinn & Harrison totalling ~£3million... Harrison made 2 sales).

Yield is quite low (<2%) and couldn't be considered for a new buy. ( I'd prefer Kier).

Is this sector starting to turn slowly round after the Carillon debacle?


Hi again monastic. I was aware of them no longer being a high yielding share currently, but figured some here hold them, so may be of interest on this board still.

I don’t hold anything in this sector now, and have no desire to do so currently.

Ian.

Crazbe7
2 Lemon pips
Posts: 127
Joined: November 7th, 2016, 11:10 am
Has thanked: 6 times
Been thanked: 52 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159767

Postby Crazbe7 » August 15th, 2018, 9:49 am

And in August 2014, only four years ago, Carillion walked away from an attempted merger with Balfour Beatty.

Funny old world. I hold BB.

Bouleversee
Lemon Quarter
Posts: 4652
Joined: November 8th, 2016, 5:01 pm
Has thanked: 1195 times
Been thanked: 902 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159770

Postby Bouleversee » August 15th, 2018, 10:09 am

idpickering wrote:
monabri wrote:Why did the directors recently sell shares ( Quinn & Harrison totalling ~£3million... Harrison made 2 sales).

Yield is quite low (<2%) and couldn't be considered for a new buy. ( I'd prefer Kier).

Is this sector starting to turn slowly round after the Carillon debacle?


Hi again monastic. I was aware of them no longer being a high yielding share currently, but figured some here hold them, so may be of interest on this board still.

I don’t hold anything in this sector now, and have no desire to do so currently.

Ian.


Indeed some of us still do, Ian, so thanks for posting that. I shall be having a quick shufti at the s.p. and hoping it has improved. Oh no, I take that back. Not allowed to mention that. Totally irrelevant. I'll just be checking out the dividend cover. :lol:

cshfool
Lemon Pip
Posts: 64
Joined: January 18th, 2017, 7:09 pm
Has thanked: 146 times
Been thanked: 29 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159773

Postby cshfool » August 15th, 2018, 10:16 am

"The Board recognises the importance of dividends to shareholders"

really? and the board gets paid big money for this startling strategic insight?...

"and anticipates a progressive dividend policy going forward."

Unfortunately the word "progressive" has been polluted by the "held" dividends club so has lost its meaning even in the weasel-worded lexicon of directorspeak. BBY are going to have to be a bit more specific to have any meaning,

eg "we commit to forward dividends increasing at least at RP inflation + 5% over the next 3 years" or similar. Yes, ..increasing, a clearer and more credible word.

csh

ps I anticipate better weather going forward. Probably.

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3427 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159776

Postby monabri » August 15th, 2018, 10:27 am

idpickering wrote:Hi again monastic. I was aware of them no longer being a high yielding share currently, but figured some here hold them, so may be of interest on this board .....
Ian.


I'll put my hair shirt on again ! :lol:. (autocorrection eh?)

OLTB
Lemon Quarter
Posts: 1343
Joined: November 4th, 2016, 9:55 am
Has thanked: 1339 times
Been thanked: 607 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159784

Postby OLTB » August 15th, 2018, 10:41 am

monabri wrote:
idpickering wrote:Hi again monastic. I was aware of them no longer being a high yielding share currently, but figured some here hold them, so may be of interest on this board .....
Ian.


I'll put my hair shirt on again ! :lol:. (autocorrection eh?)


Do you rise at 4.30 each morning to review the RNSs in silence? :)

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3427 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159790

Postby monabri » August 15th, 2018, 11:11 am

Yes Brother, I say a prayer for our HYPs. :)

Gengulphus
Lemon Quarter
Posts: 4255
Joined: November 4th, 2016, 1:17 am
Been thanked: 2628 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159811

Postby Gengulphus » August 15th, 2018, 12:02 pm

Crazbe7 wrote:And in August 2014, only four years ago, Carillion walked away from an attempted merger with Balfour Beatty.

Funny old world. I hold BB.

I sold out of Carillion when the merger was announced, having decided against Balfour Beatty previously and disliking it sufficiently that I didn't want to be in the demerged company. And then when it was announced that the merger was off, I bought back into Carillion, having decided that while my confidence in its management had been shaken, it hadn't been shaken too much... :-(

Needless to say, I wish it had been shaken too much! At least I bought back in at a lower price than I'd sold at... But that's only a small consolation, and it renews the lesson that I'm perfectly capable of making both good and awful purchase and sale decisions in my HYP, and which turns out to be which often won't emerge for several years!

Gengulphus

idpickering
The full Lemon
Posts: 11274
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5760 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159823

Postby idpickering » August 15th, 2018, 12:33 pm

monabri wrote:
idpickering wrote:Hi again monastic. I was aware of them no longer being a high yielding share currently, but figured some here hold them, so may be of interest on this board .....
Ian.


I'll put my hair shirt on again ! :lol:. (autocorrection eh?)


Sorry about that, again. I really should prof reed my posts. :)

Ian

idpickering
The full Lemon
Posts: 11274
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5760 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159824

Postby idpickering » August 15th, 2018, 12:38 pm

OLTB wrote:
Do you rise at 4.30 each morning to review the RNSs in silence? :)


Was that for me OLTB? If so, I was out walking at 0410, as I’m always up early.
It’s an Army thing.

Ian

PinkDalek
Lemon Half
Posts: 6139
Joined: November 4th, 2016, 1:12 pm
Has thanked: 1589 times
Been thanked: 1801 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159871

Postby PinkDalek » August 15th, 2018, 3:56 pm

idpickering wrote:
OLTB wrote:
Do you rise at 4.30 each morning to review the RNSs in silence? :)


Was that for me OLTB? If so, I was out walking at 0410, as I’m always up early.
It’s an Army thing.

Ian


It was a question, in jest, to your correspondent Monastic.

OLTB
Lemon Quarter
Posts: 1343
Joined: November 4th, 2016, 9:55 am
Has thanked: 1339 times
Been thanked: 607 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159878

Postby OLTB » August 15th, 2018, 4:21 pm

idpickering wrote:
OLTB wrote:
Do you rise at 4.30 each morning to review the RNSs in silence? :)


Was that for me OLTB? If so, I was out walking at 0410, as I’m always up early.
It’s an Army thing.

Ian


Hi, sorry Ian, just a light hearted comment to monastic / monabri on your auto-correct! I am aware of your early morning strolls and I might do the same if I lived in such a beautiful part of the UK.

Cheers, OLTB.

idpickering
The full Lemon
Posts: 11274
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5760 times

Re: BALFOUR BEATTY PLC RESULTS FOR THE HALF-YEAR ENDED 29 JUNE 2018

#159917

Postby idpickering » August 15th, 2018, 6:28 pm

OLTB wrote:

Hi, sorry Ian, just a light hearted comment to monastic / monabri on your auto-correct! I am aware of your early morning strolls and I might do the same if I lived in such a beautiful part of the UK.

Cheers, OLTB.


Hi OLTB, no worries. To be honest, it wasn't very light at that time, so the view wasn't much at that time. I do it because it's peaceful, no traffic, and helps me think straight as I go over my HYP in my head. ;)

Ian.


Return to “HYP Practical (See Group Guidelines)”

Who is online

Users browsing this forum: No registered users and 12 guests