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Sunday tips round-up: Balfour Beatty, Booker, PHP

Date: Sunday 20 Sep 2009

Sunday tips round-up: Balfour Beatty, Booker, PHP

Balfour Beatty has unveiled a major acquisition, funded through a £353m rights issue. Balfour is offering three shares for seven at 180p each, a 48pc discount to the previous closing share price of 344p. The shares are trading on a December 2009 earnings multiple of 9 times and yielding 3.8pc. The...

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