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Balfour Beatty investment post

I added Balfour Beatty to my investment portfolio this week. I’ve had it on my watch list for a while and decided to buy when they became sole contractor for new national infrastructure framework organised by Scope group.

Balfour Beatty and the economic climate

This will give them some contracts and work for the next 5 years. They will also have a new CFO soon that it is hoped will keep a better check on the contracts. It seems profits have been tight on many existing contracts, but in the current economic climate all companies are finding competition tight and margins reduced. We could see some political change soon and that could be beneficial to Balfour Beatty.

If you’re following this blog, you’ll now I bought Tesco at the end of October and they are 28% up since then, so some progress there.

In June 2014 I bought TSB, they are about 7% up, so could do better. I think the business strategy could be better, so I’m watching with a view to sell. That was an IPO and if I hang on for 12 months, I get 5% in free shares and maybe a dividend.

In June, I also bought Graphene Nanochem, which from a technical point of view looks good, but so far I’m losing about 35%. I did take into account the risk and invested half as much as I usually would, so that’s not a great loss. I am hopeful of their graphene products and that could turn into a multi-bagger.

I bought Royal Sun Alliance in March and then bought more with the Rights Issue. RSA has been a disappointment, but I’m now about 3% up.

The star performer in my portfolio is the Lloyds Banking Group, which has been good to me so far and is 150% up. The government shares are being drip fed onto the market, which is holding the price down a little. I think they could hit over 80p this year and a lot more in the long term.

I’m still 40% up on Solo Oil, but the pundits are saying it’s going nowhere so some private investors are getting out. I’m still very much hopeful that will go up once the gas starts flowing through the pipeline to Dar Es Salaam.

Please remember these posts are not advice and that you can lose money investing on the London Stock Market. I’m also a bit crazy and back companies in trouble! Like Balfour Beatty!

Please comment and share your thoughts on investing and you can also follow me on Twitter.

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  1. Pingback: The review: #westbrom | Mike10613's Blog

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