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Dont be fooled by SPT being raised, you can’t be that daft…
Very sad that this stock being punished because other companies earning reports are good but forward guidance lacking.
Once FEDS & Government confirm new budgets then the future trend will be revisited.
This is going sideways until then.
JPMorgan raises BAE Systems price target to BUY 1,400 (1,300) pence - 'overweight
This BAE Undervalued. Other brokers will raise share targets.. These BAE shares will lift 🆙
I agree with what you say about market makers. i think it's called "shaking the tree".
Plus there's a lot of short term cash risk, buying ball aerospace, funding GCAP, tempest etc..
All risk that is getting factored in against results
Sell the news and buy the rumour.
News always allows investors to adjust portfolio to provide greater or less exposure to an individual holding/sector. I'm content that the exposure I've got to BA. is consistent with my goals and needs no adjustment. I'd like to have seen a better final dividend, but the results were largely expected based on the activity in Ukraine as well as those in the Middle East.
Shares in defence companies have higher P/E’s reflecting their higher growth prospects. BAE cites today robust growth in the mid term despite highly competitive market conditions. So the average current Footsie100 P/E ratio does not apply to BAE shares. Share prices today should be based on future P/E ratios. As regards LockHead Martin, they have their own company issues and although a competitor, they have nothing to do with BAE future growth prospects.
The reason as I have pointed out below is due to the drop in SP.
Look at the other competitors in the sector, LMT et al.
BA is trading at higher p/e and needs a slight re-rating.
The potential for further sp growth is based on guaranteed governmental / fed spending on military armoury defence.
This should be re-rated down to 1150p at least based on ftse p/e of 11.
I can see Broker upgrades coming. The shares should head higher. It’s the market makers playing games. They get people to sell at lower prices and then afterwards send the shares higher. BAE is undervalued versus it’s both current and future prospects.
..can't quite understand the collapse in SP given the results, especially as they exceed market expectations... I thought this was one of those rare SPs that actually seems to follow logic, very odd. I suspect it'll rally during the course of the day once Investors have digested the news and the forecasts - we'll see...
Outstanding results today.
I guess it was priced in. Honestly expected 8-9% up today.
Got to love the markets.
Yes Fabulous BAE Results Today ! They surpass Barclays Broker’s own targets which were at the highest of any broker results predictions, at £24.72 billions revenue, £2.67 Billions EBIT and EPS 62.2p. Actual BAE results today are much higher and so the shares are set to go much much higher on the back of these excellent results !!! BARCLAYS £15 PRICE TARGET FOR BAE SYSTEMS
driftking27, momentum is king here for now, also for bab******* and other defence sector cos.
of course, results from ba. could change things tomorrow, barclays say it could be the catalyst to send the sp much higher. their optimistic target is 1500p !!
Rheinmetall have just confirmed they are building a new munitions factory in saxony, full spectrum production of 200k shells per year, total German production 700k PA. It's a private venture as they foresee the need to overproduce to replenish the empty storage facilities. I can't quite see BA doing the same or the UK government signing off the bill, but lets hope other countries sign a contract at the very least.
The P/e of LMT is around 15.7 times 2024 earnings
BAE stands at 20 times 2023 earnings until 21st.
Think this will undoubtedly have a pull back.against FTSE it’s too high I’m afraid, though graphs say differently
Same. Been here since 2010… steady eddy. Possibly best steady eddy
Driftking27, I'll admit to have sold some recently as I bought at 400p, but hold some still in anticipation of further rises.
Out yesterday from Norway:
Russia gaining upper hand in Ukraine war - Norway intel
Russia is gaining the advantage in the war in Ukraine owing to a greater number of troops and materiel supplied by China, North Korea and other countries, Norway's intelligence service has warned.
Presenting its annual risk report along with other Norwegian security services, the head of the military intelligence unit Nils Andreas Stensønes said Ukraine would need "extensive" Western military aide to turn the situation around.
"In this war, Russia is currently in a stronger position than it was a year ago and is in the process of gaining the advantage," Mr Stensønes told reporters.
He said Russia "could mobilise around three times more troops than Ukraine", that "Moscow is tackling sanctions better than expected", and its industry can now produce enough munitions, combat vehicles, drones and missiles to enable its troops to "maintain their war effort all year."
Russia is also receiving military support from North Korea, Iran, Belarus and China, he added.
A tank firing at Bakhmut where fighting between Ukrainian and Russian forces continues
China had not supplied arms, but "machines, vehicles, electronics, and spare parts" needed by Russia's arms industry.
"Extensive Western weapons aid would be needed for Ukrainian forces to be able to defend themselves and regain the initiative in the conflict," Mr Stensønes said.
He highlighted Ukraine's requests for munitions, long-distance weapons, air defences, tanks and fighter jets.
Norway has, together with Denmark and the Netherlands, agreed to provide Ukraine with the F-16 fighter jets it has requested from its allies.
"Norway and Europe must be ready to take more responsibility to ensure their own security and that of their allies," Norwegian defence minister Bjørn Arild Gram said.
The US has been Ukraine's main military donor since Russia's invasion in February 2022.
However, Congress has failed to agree on new aid and the prospect of Donald Trump returning to the White House have put greater responsibility on Europe to step up.
This might turn the lights on for the dozy European so-called 'leaders' and BA., BAB, etc... to benefit ?
My buy went through today and is showing as "unknown"
Can we compare earnings of the 2?
Since January 24th, LMT has had its SPT reduced by around 2-3% by at least 7 that I have reviewed.
Lockmartin have an order book of .$160bn, but are FEDS going to grow defence spending like UK?
This is a hold after checking LMT results 23rd Jan.
LOCKHEAD MARTIN beat on there estimates, BUT there were no assurances about profit margins growing. This is why it has dropped 9% since 23rd Jan.
Hope BAE does not have similar effect.
Target price? The target price is based on the world of tomorrow. Know one knows.
Just like the start of the Ukraine war .
I’m saying look at graph and forward to 2034. If you’re invested, you need to broaden your mindset on silly SPT.
It could be 2034p by 2034! We coujd another burst bubble, we coujd gave another asteroid come close to hitting earth, we coujd have another world virus, anything is possible, but just sit tight, BAE has been picking up steam of late.
I’m not a seller. Are you?
Good to see bae at all time high. If the Saudis confirm jet order we could see this heading for 1500 :)