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Not really Papucel, markets are down generally today. It's just normal ups and downs, there is no particular reason for today's 3% drop. I expect BAE to trade in the range £4.70-£6 all year.
Numb maybe you could kindly explain the drop today?
Papucel, I was stating the facts, not at a matter of opinion. FYI https://investors.baesystems.com/shareholder-information/dividend-information. I wasn't aware that it was inappropriate to correct somebody's wrong 'opinion' when I knew the actual facts. I am a long term holder and have worked at BAE (submarines, Barrow) for the last 26 years, so probably know a little bit more about BAE than you and some others on this board. Your criticism of me for stating the facts and correcting inaccuracies is a little out of context, don't ya think ?
Numb, when you state who is wright and who is wrong rather than a matter of opinion would you kindly provide links with the references to support your statements, we are in a fact based world not in a church.
Henners
Thanks
Apologies Numb - you are correct the dividend of 13.8p being last year's final was paid on 14/9 as you indicated.
You are wrong. My previous statement is correct.
This just shows how the statement could have been improved to provide greater clarity to investors which should not undermine the sentiments that BAe does seem to have been overlooked. The final dividend of 13.8p was not paid on 24/9 last year but was postponed is my reading of events and as a lth can confirm this to be the case. What you will receive on 1/6 is the postponed div of 13.8p plus the 14.3p being this year's final so in total 28.1p which still equates to a not too shabby 5.5% . The interim dividend of 9.4p was paid on 30/11 as detailed above.
Not true.
The total dividend of 37.5p per share for the year comprises :
Interim (final) 13.8p dividend in respect of the year ended 31 December 2019 which has already been paid 14/9/20.
Interim 9.4p dividend in respect of the year ended 31 December 2020 which has already been paid 30/11/20.
Final dividend of 14.3p in respect of the year ending 31 December 2020 to be paid 1/6/21.
What a great opportunity to buy into a high quality stock at a discounted price. Did the market forget to set its alarm clock this morning? Either that or everyone is busy trying to find travel stocks to buy.
smithandmighty - You will receive 37.5p per share if you are holding on 23rd April.
"The Board has recommended a final dividend of 14.3p for a total of 23.7p in respect of the year ending 31 December 2020. The total of 37.5p per share for the year includes an interim dividend of 13.8p per share in respect of the year ended 31 December 2019, which was originally proposed as a 2019 final dividend but subsequently deferred in the light of the COVID-19 pandemic. Subject to shareholder approval at the 2021 Annual General Meeting, the dividend will be paid on 1 June 2021 to holders of ordinary shares registered on 23 April 2021."
Henners - Is the 37.5p dividend for this year ?
Hell yeah, the dividend is to be 37.5p. They are also paying the deferred dividend of 13.8p from 2019 on 1st June to holders on the register 23rd April. Equates to a yield of 7.5% on a share price of 500p. If held in a SIPP/ISA tax free. Excellent news.
Oosh!
That's all x
LONDON, Feb 25 (Reuters) - British defence company BAE
Systems posted a 2% rise in annual earnings per share, beating
forecasts, and guided to further growth in 2021 as its order
book expands and it benefits from two substantial acquisitions
made last year in the U.S.
BAE posted underlying earnings per share of 46.8 pence for
2020, beating a consensus forecast of 43.7 pence. It said the
result excluded the impact of a prior year one-off tax benefit.
The earnings rise was helped by a new order for Typhoon jets
from Germany and continued progress in its combat ship building
and higher-margin electronic systems business.
(Reporting by Sarah Young; Editing by Kate Holton)
24p dividend!!
Sales higher than 2019
Profits higher than 2019
Orderbook higher than 2019.
At the end of 2019, we were 660p. So expect this to fly in next few days after traders are filtered out.
Happy with that, you never know how the market is going to respond!
https://www.londonstockexchange.com/news-article/BA./final-results/14877874
Where did you bring it?
Just saw this thread, funnily enough I brought my first position here at 461p on Monday. Obviously hoping the market responds well to results but if not so be it, I'm in it for the long game.
Sales will be up but earnings will be down so it depends on how the market perceives this if we are to see an increase/ decrease in SP tomorrow
I think this will hit above 5.00 come tomorrow imho. One of the safest plays that's has been resilient through the pandemic. Analyst have a target price above 6.00.. dividends announcement in couple of months. So for me, no brainer.
I am on AZN and GSK on which had been some malefic forces in the last 2 months. It seems that it has been heavy shorting even on neutral and good news.
I will watch closely to see if this madness will hit BAE as well making SP to fall at a good or neutral news which will be infuriating.
Results are on 25th Feb. I called 600p last week, let's see where we end up. Traditionally BAE's second half is stronger than the first so anticipating a pretty good update. Read the Half Year report and search for "second half", you will know what I mean :)
I gave up on timing a long time ago. If the fundamentals look good and the prospects for the company look good and the price is fair then I buy and am happy to hold for the long term. I bought Unilever yesterday too for the same reason. Neither will set the world on fire like ARGO.....but they will return predictable gains and dividends for years to come...that it what i like. Good luck....shares are like buses...just don't rush to jump on :)
sorry my link will not load so will paste.............................BAE SYSTEMS ORD 2.5P found using the EPIC (LON:BA) have now 18 analysts covering the company. The range between the high target price and low target price is between £8.00 and £5. so the average target price would be £6.53. Now with the previous closing price of £4.72 this now indicates there is a potential upside of 38.3%. The 50 day moving average now sits at £4.84 and the 200 moving average now moves to £4.94. The market capitalisation for the company is £15b. Find out more information at: http://www.baesystems.com
Good timing. I waited too long for the dip to level and missed the boat at this price!