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BAM juli 2020

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  1. forum rang 6 Zwijnash 6 juli 2020 18:15

    • Zwijnash

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    BAM is cutting around 6.5% of its workforce with up to 150 staff set to lose their jobs.
    Consultations will start this week as the contractor is hit by a slowdown in new orders following the Covid-a9 pandemic.

    A company statement said: “BAM Construct UK has begun a process of discussions that could lead to up to 150 redundancies, or around 6.5% of our workforce.

    We take this step reluctantly and with deep regret. Our people are what make BAM the most collaborative built environment enterprise in the UK. We will redeploy people if possible to other parts of our business or to roles within the wider group.

    “If we cannot redeploy somebody and redundancy is the only option, then we will support them in the best way we can during the process and as they leave the business.

    “BAM has striven to avoid making redundancies, having taken early actions to combat the effects of Covid19, with measures including furloughing almost 500 staff, making temporary pay cuts, stopping recruitment, and cancelling bonuses and all non-essential spending.

    We have continued to win profitable new business which has also reduced the scale of redundancies.

    “The coronavirus however is significantly affecting demand. We are already seeing a slowdown in new orders and we anticipate this will have an impact on our 2021 revenue.

    “We must therefore protect our business and future staffing levels. Further reducing costs will help us retain our strong balance sheet and good liquidity, protect remaining jobs, and remain competitive and well-placed to serve our clients

    We are extremely grateful to all our staff who have worked tirelessly to support the business during this exceptionally challenging period, and helping us in delivering essential covid19 facilities for the NHS.”

    Staff are gradually returning from furlough this month and the temporary pay cuts will end in August.
  2. forum rang 5 €d_Modus Vivendi 6 juli 2020 18:22

    • €d_Modus Vivendi

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    Citadel Advisors LLCKoninklijke BAM Groep N.V.NL0000337319 1.09 03 jul 2020
    van 1,12
    HBK Investments LPKoninklijke BAM Groep N.V.NL0000337319 0.82 03 jul 2020
    van 0,78
    Marshall Wace LLPKoninklijke BAM Groep N.V.NL0000337319 0.81 03 jul 2020
    van 0,75
    WorldQuant, LLCKoninklijke BAM Groep N.V.NL0000337319 1.04 03 jul 2020
    van 0,93

    het illustere kwartet
  3. forum rang 6 Zwijnash 6 juli 2020 18:34

    • Zwijnash

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    Construction buyers saw a sharp turnaround in June as “builders were the stars of the UK economy” as lockdown eased.

    The bellwether IHS Markit/CIPS UK Construction Total Activity Index jumped to 55.3 in June from 28.9 in May to record the sharpest monthly jump in output since June 2018.

    Residential work led the way while commercial work and civil engineering activity also returned to growth in June.

    The index measuring business expectations for the year ahead remained historically subdued, but climbed to its highest since February with 46% of the survey panel anticipating a rise while 31% forecast a reduction.

    Tim Moore, Economics Director at IHS Markit, which compiles the survey said: “As the first major part of the UK economy to begin a phased return to work, the strong rebound in construction activity provides hope to other sectors that have suffered through the lockdown period.

    “While it has taken time for the construction supply chain to adapt and rebuild capacity after widespread business closures, there is now clear evidence that a return to growth has been achieved.

    “While some survey respondents commented on cautious optimism about their near-term prospects, construction companies continued to face challenges securing new work against an unfavourable economic backdrop and a lost period for tender opportunities.

    “At the same time, operating expenses are rising due to constrained capacity across the supply chain and the impact of social distancing measures.

    “Looking ahead, construction firms are more confident than at any time since the start of the COVID-19 pandemic.

    “However, the ongoing reductions in staffing numbers seen in June provide a stark reminder that underlying conditions across the sector are a long way off returning to those seen before the public health emergency.”

    Duncan Brock, Group Director at the Chartered Institute of Procurement & Supply:”Builders were the stars of the UK economy in June with the fastest rise in purchasing activity in almost five years, as pent-up building plans were unleashed following the easing of lockdown measures.

    “As business confidence improved to its largest extent since February, companies were buying up materials and laying the groundwork for a stronger summer’s end.

    “This resulted in the highest input price inflation since the start of the year as supply chains creaked under the strain of increased shortages.

    “Building performance is dependent on other sectors recovering at a similar pace, and as businesses were opening up, some fell short of their usual delivery capacity.

    “Only two months ago the construction sector produced the worst results in the history of the PMI, and there are still some potholes to navigate around as Government support for jobs is stripped away.

    “Employment levels remained deflated, with reports of redundancies, furloughed staff and a reluctance to boost staff numbers when new order levels remained so flat.

    “But with a significant rise in the headline output number, it looks as though all the building blocks are there for the sector’s increasing health.”
  4. forum rang 5 €d_Modus Vivendi 7 juli 2020 08:14

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    BAM Construct UK is the latest contractor to announce a round of redundancies in the wake of the Covid-induced economic slowdown.

    Up to 150 jobs could go, equating to 6.5% of the workforce.

    BAM Construct UK said: “We take this step reluctantly and with deep regret. Our people are what make BAM the most collaborative built environment enterprise in the UK. We will redeploy people if possible to other parts of our business or to roles within the wider group.

    “If we cannot redeploy somebody and redundancy is the only option, then we will support them in the best way we can during the process and as they leave the business.

    “BAM has striven to avoid making redundancies, having taken early actions to combat the effects of Covid-19, with measures including furloughing almost 500 staff, making temporary pay cuts, stopping recruitment, and cancelling bonuses and all non-essential spending.

    “We have continued to win profitable new business which has also reduced the scale of redundancies.

    “The coronavirus however is significantly affecting demand. We are already seeing a slowdown in new orders and we anticipate this will have an impact on our 2021 revenue.

    “We must therefore protect our business and future staffing levels. Further reducing costs will help us retain our strong balance sheet and good liquidity, protect remaining jobs, and remain competitive and well-placed to serve our clients.”

    A survey by Build UK last month found that main contractors expected to lay off 11.4% of their staff, on average, in the wake of the lockdown.
  6. forum rang 6 innicksname 7 juli 2020 09:08

    • innicksname

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    quote:

    €d_Modus Vivendi schreef op 6 juli 2020 18:22:

    Citadel Advisors LLCKoninklijke BAM Groep N.V.NL0000337319 1.09 03 jul 2020
    van 1,12
    HBK Investments LPKoninklijke BAM Groep N.V.NL0000337319 0.82 03 jul 2020
    van 0,78
    Marshall Wace LLPKoninklijke BAM Groep N.V.NL0000337319 0.81 03 jul 2020
    van 0,75
    WorldQuant, LLCKoninklijke BAM Groep N.V.NL0000337319 1.04 03 jul 2020
    van 0,93

    het illustere kwartet
    1 afbouwer, 3 opbouwers. Laat het een incident zijn.
  13. [verwijderd] 7 juli 2020 13:04

    • [verwijderd]

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    Men is duidelijk blij met de nieuwe CEO per 1 september ...ik ook
    Verder doet het afstoten van een zwak presterend deel van het bedrijf de koers ook goed...het moest ff vallen bij de geleerden
    Op naar de 2
  14. marcel13 7 juli 2020 13:17

    • marcel13

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    @€d : simplywall uitleg had ik ook reeds gelezen : Is daar wel gewoon een rekensommetje, technisch verhaaltje. Houden geen rekening met wat er echt speelt. Kan natuurlijk dat de grote spelers toch meer op technische analyse werken.
  17. forum rang 10 bp5ah 7 juli 2020 13:33

    • bp5ah

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    quote:

    Gaan we weer dalen schreef op 7 juli 2020 13:29:

    Enorme stijging. Verwacht BAM weer veel winst te maken?
    Dat was het KD van ING van een paar dagen terug € 1,50

    Bij FUGRO ging het een paar weken terug recht omhoog na een KD verlaging van ING, BAM is wat bescheidener.

  18. marcel13 7 juli 2020 13:37

    • marcel13

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    Computergestuurde terugkoop van shorters, die automatisch geactiveerd wordt boven een bepaalde koers? Weet iemand hoe dit juist werkt?
  20. forum rang 8 HenkdeV 7 juli 2020 13:45

    • HenkdeV

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    quote:

    Gaan we weer dalen schreef op 7 juli 2020 13:29:

    Enorme stijging. Verwacht BAM weer veel winst te maken?
    Ja, naar verwachting in 2026:-).
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