Balfour Beatty? Balfour Beat Me!

THE WEEK: A second profit warning from the infrastructure and construction group has Morningstar columnist Rodney Hobson wishing he'd heeded the hidden warnings

Rodney Hobson 3 May, 2013 | 9:00AM

A constant theme of this column is that investors should learn from their mistakes and move on. You are never going to get it right all the time but if you see where you got it wrong instead of looking round for other people to blame then you will inevitably make money from investing.

I have learnt a lot of lessons along the way but from time to time I really should listen to the warning voices in my head and do what I tell other investors to do. One such misfortune befell me in April and it came home to roost this week.

My sin was to top up my holding in infrastructure and construction group Balfour Beatty (BBY) after the share price fell. To my shame, I was toying with the idea of a further investment this week when a second profits warning brought me to my senses.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Balfour Beatty PLC261.00 GBX0.69

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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