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Nothing wrong in banking a profit. It is also very healthy for a pullback form time to time. After all, the defence sector has had a very decent 3 year run and, whether we like it or not, defence spending is not showing any sign of drying up.
Insofar as to whether the old adage of "sell in May...." holds any sway nowadays. Well, I'm afraid that that went out at the point of "Big Bang", the expansion of markets worldwide as well as the number of people taking an interest in their money.
Markets have had a good run in the first quarter of 2024 that built on that from October 2023.
Bro-ken-broker, maybe the Rheinmetall profit taking prompted same in other European Defence and Aerospace stocks YES. But the scale of same to knock so much value off the sector's valuation smells of illegal co-ordination by a number of highly invested groups ?
Positives here are that Defence spending will be materially increasing and threat of and actual Wars more likely to escalate to support the former. The "Sell in May and go away" reason by a poster on RR board is nonsense because funds and large portfolio managers don't close for the Summer even if the top guys are dossing somewhere !!
Chemring and Qinetiq also both by c. 4%.
Goldman raises their TP to 1398p today.
Well spotted bro - agree that's what's behind the slight pullback
Https://www.reuters.com/business/aerospace-defense/rheinmetall-slumps-12-traders-dump-stock-after-record-run-2024-04-09/
Probably reason behind UK drop in BAE
Very interesting Alas_Smith, shows how much catching up the UK needs to do !!
Interesting article from Charles Stanley https://www.charles-stanley.co.uk/insights/commentary/the-future-of-nato
LoungeLizard1, yes I understand what you're saying and I've lived enough of life to see the kind of evil that humans can do. I accept that I find it hard to understand how people can be brainwashed - fanatical terrorists - to such an extent to behave like psychopaths because I'm too much of an independent person myself. Today the reasons were publicised regarding how the WCK 7 aid workers were murdered (criminal charges may still be brought) and it was due to carelessness basically and lack of communication. I've been a victim of crime a number of times myself, ie gun to my head, knife to my throat twice, financial fraud, etc... so I have the life experience !! It's strengthened me if anything as death itself doesn't frighten me, but if anyone hurt my family they would feel my wrath as far as possible regardless of the consequences to me. Just reading about the 7 who died can be quite upsetting as these were good charitable people, yes taking a known higher risk, but did not deserve to die, yes like many others as it is a war situation. Hamas and other terrorists are fundamentally cowards as shown by their flight to Qatar and Dubai.
Clued, again, its a warzone. Its not an excuse, its a reason. If you think the Israelis are being callous, you should see what the Azerbaijanis are doing, or the junta in Burma. Literally nobody cares. Its all just hand-wringing from certain sections of society who have an axe to a grind. Its just distracting from the Palestinians. There's a reason why Egypt and Lebanon are refusing to open their borders to refugees from Palestine – they remember the trouble it caused the last time they accepted them. Beirut used to be the Paris of the Middle East before the PLO turned up. Cairo refuses to host anybody with links to Hamas – they are the offshoot of the Muslim Brotherhood (Egypt is sworn enemies with them).
Yes, the Israelis are hard, abrasive, arrogant, but their neighbours are much, much worse.
LoungeLizard1, with respect, Israel have killed many innocents unnecessarily, recent murders have been the WCK 7 deaths which have received strong condemnation from many countries. The IDF are acting carelessly, can't believe they shot 3 Israeli hostages whilst 2 were waving white cloths surrendering.
The excuse 'this is a war' is not acceptable, imagine if it was your son or daughter who was an aid worker killed like that. Personally, I would want to kill Netanyahu if it was my child and would even consider hiring someone to do it. I can see Israel collapsing, being isolated, if they continue on their callous path, all it needs is for the US to cut them lose. Jews themselves are also losing popularity. Maybe Iran and its proxies have actually anticipated all this just like a chess game !! Just like Putin as he ramps up his weapon production, something that the West seems less capable of doing.
I am invested here, but also expect a responsible use of weaponry.
LoungeLizard1, you forgot BABCO_CK, and have added the '_' hoping LSE's narrow minded staff don't '****' it !!
"Complicit" "Collective punishment" ? It's a highly congested warzone. Innocents die. Israel shouldn't be held to a higher standard than any other country. If Saudi Arabia got even a tenth of the flak Israel does, there would be questions. The moaning is all done in bad faith. There's many crosses to bear. Senseless to pick this one.
Lizard,
Apart from the “usual selection”, there are also some decent, ordinary people who don’t want to be complicit in the killing of everybody in Gaza as collective punishment for the crimes of Hamas.
T
Wet blankets in judiciary, politics and society believe UK arms sales to Israel breaches international laws. Usual selection of Islamists, virtue-signallers, student activists, ambulance chasers. Should organise a first-class ticket to Rafah instead.
No. While I have never sold short, it does provide liquidity in markets and thus is important for all investors.
100 billion fund being proposed by NATO will give the industry a adrenaline shot. Expect BAE, Rolls-Royce, Airbus, Thales, Dassault, Leonardo, Rheinmetall to benefit especially.
All share chats on L.S.E. would be good.
I will share this far and wide
@ Mulder - Chamberlain said 'Peace in our time", the reality is that the weak will be consumed by the strong (militarily), ever has been the case. Whilst it's great to be pacifist / liberal and turn the other cheek, did that ever stop the school bullies? It certainly didn't to me and I was brought up to believe in diplomacy and turning the other cheek, my father was a sniper in WW2. What I learnt from the school play ground was, there comes a time to square up to bullies (read Putin, XI etc) and now is that time, sadly. We need strong defence companies
Mulder, it's war. What do you expect? People die. Everybody understands the situation is messy, but your take is naive, short-sighted and cynical. BAE are a premier arms manufacturer absolutely essential to our security and defence. Without them, we would be a lot poorer (not just economically), but weaker too, less influential on the global stage, less powerful. The UK needs to be as strong as possible in today's volatile world.
Supplying arms to Israel who use these to kill innocent children and aid workers is fine is it?
😂😂😂😂😂
Don't be ridiculous. Bae sells a product. How that customer uses it is up to them. Like Ford sells a car, or BMW sells a car, doesn't stop someone deliberately mowing someone down on the road does it. Bae has given me a good retirement and hopefully everyone a great future for people employed there going forward
Mulder, just curious, are you a religious person, not trying to start such a detailed discussion here, but though I was 'brought up' a Catholic I wonder now, in my latter years, where is the so-called good, all knowing and compassionate God in all of this Earthly suffering by millions of innocent humans ?