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This is a hold for me at this level based on P/E. At 17 times earnings, we need something else to happen?
Time will tell, only bought 1500 back on 2010, and haven't traded them since, boring as they seem, there a great British company still left standing..
USA won't want this Israel going any further than it has with what they are helping out with in Ukraine v Russia at the moment.
God forbid Korea & Taiwan equation in years to come.
Hope this goes back to normal soon! Doubt it though... :-(
It does look tempting, but at 15 times P/E not sure at now. I'm watching for a pullback to low 900p to consider a top up.
BAE have done well in M&A with Ball Technology, and with order book now standing at £66bn!!!
I'd just wait until we have another wobble and consider topping up here.
GLA
Seems an attractive point to add..... with tensions rising between Serbia and Kosovo, a second conflict seems to be bubbling under the surface.
Couldn't resist a (small) top-up. Be rude not to...
Thank you
BAE will pay a 2023 interim dividend of 11.5p per share on 30th November 2023 to shareholders on the register on 20th October.
A trading update will be released around 14th November '23.
2023 full year results will be announced around 22nd Feb '24.
When is the ex div date please?
In this tishy stock market these are looking particularly attractive again. A further purchase for my p/f would have to be lower down but if you don't have any, look at the logic please.
If news is to be believed, https://www.bbc.co.uk/news/world-europe-66984944 (and broadly I think it can), it seems that within NATO there is a growing sense of realism that within a defence budget, wages paid to Service personnel is only part of the picture. If you like, the "boots on the ground" and the "will of the people" secure broad boundaries. But boots on the ground are only brilliant if they are able to actually defend, control, retain or regain borders in times of emergency.
This Ukraine:Russia conflict has been waging for not yet 2 years and already, stockpiles for NATO security are at worrying levels. However distasteful war is and no matter from what colour in the political divide, defence of country (and by extension those in a Treaty) mean that supplies need to continue to be supplied to Ukraine for the extremity defence of Nato territory and increased production to ensure all in the NATO alliance to be able to protect that alliance.
It is basic stock control that will use up old stock to be replaced with new. The hope from ordinary herberts such as me, is that the replacement stuff has at least equal effectiveness and in the same or more quantity to that which is being replaced. Cost in the defence of a border is the will of the people and "boots on the ground"
That'll do nicely :)
I'm sure they know the answer already after all Sholze visited Saudi a year ago. More recently the Saudi defense minister visited BAe back in December.
And why would MBS visit the UK if there are no deals to be signed, no point in him subjecting himself to the usual anti Saudi demonstrations for just a hand shake and a bit of investment elsewhere.
So, I shall hold. Been waiting for this order for sometime. If it doesn't happen now that's pretty bleak news for BAe in Saudi.
At least Sunak is putting a bit of focus on closing the Saudi Arabia Eurofighter order ahead of Crown Prince’s U.K. visit.
https://www.telegraph.co.uk/politics/2023/09/26/rishi-sunak-urges-germany-to-approve-sale-of-jets-to-saudis/
I remember buying some of these at about half the current share price not all that long ago. Does anyone remember what happened for the share price to drop that low? Was it just covid related shenanigans?
What do I gather from that? They reckon this SP will seem a bargain rather soon.
....that is for BAE, i.e, on the defence front. Unfortunately this does not necessarily mean the SP continues onward and upward without a break but at least it is positive for long term issues such as dividend. So I am happy to retain my moderate p/f holding and let it grow.
BAE Systems PLC (LSE:BA.) has established a business in Ukraine to help the Kyiv government establish its own weapons-production infrastructure.
There are no plans for BAE to set up a facility, according to reports today, but the UK group will help the Ukraine government find partners and set up its own artillery capability.
Britain has been providing substantial amounts of ordnance including shells and missiles to the Kyiv government since the war with Russia started, with a lot of it coming from BAE.
The FTSE 100 group also provides training and repair services to Ukraine's military.
https://www.proactiveinvestors.co.uk/companies/news/1025226/bae-systems-sets-up-in-ukraine-to-support-war-effort-1025226.html
Worthwhile strategy; thanks for sharing your thoughts... and the best of luck!
LesBoy, while all intelligence for an equity is useful to read, it has to be placed in perspective for the reader.
I don't really care whether the individual SP for any holding rises today or tomorrow, provided that my PORTFOLIO as a whole rises over a year to better the returns from the S & P. My benchmark used to be the FTSE, but that became too easy.
The assumptions I have (with roughly 80 holdings that vary from having £10,000 to £50,000 capital exposed in each bargain) is that my MINIMUM goal is to double capital every 8 years to have a return of 12% compounded. Over the last 40+ years I have averaged 13.35% and that includes one when I was down 71% and last year down 22%.
British Aerospace is a relatively new holding for me with my purchase at the beginning of the year. Although my portfolio throws off on average 0.11% each month, I target capital growth over income. I'll lay a few more cards on the table. I have reached the age where I face retirement and I have ramped UP the risk I am prepared to take. And the reason for this is very simple; I am planning for retirement of 30 years to take me into my 90's and that is a long way away.
That the recent purchase seems idiotic to me right now doesn't really matter. There are maybe a dozen, perhaps 20 businesses that are critical to infrastructure. I want to have a very decent holding in each of them. This is one such company; the others, for the most part are US and EU based. I include ASML, NVDA, MSFT, Roche, UNH, ADBE, GOOG etc. And, by way of disclosure, I do hold shares in each of those companies - most pay negligible dividend - and will rely on those (plus the more speculative holdings) to generate growth for portfolio as a whole
Shares in this defence and aerospace giant have fallen on news of plans to acquire US space outfit Ball Aerospace for $5.6bn. British firms don’t have a successful record of buying companies in America and the deal isn’t cheap, but it makes sense for BAE to bolster its space capabilities given the growing military importance of the “final frontier”. BAE has a decent record of integrating acquisitions, so it is worth giving management the benefit of the doubt. On a forward p/e of less than 15, the shares are reasonably priced for the growth opportunity. 960p
The deal, centred on the continued production of the Bradley A4 vehicle, comprises more than 70 M2A4 Infantry Fighting Vehicles and M7A4 Fire Support Team Vehicles.
“The Bradley is a crucial vehicle for the Armored Brigade Combat Teams today because it allows the Army to transport troops to the fight while providing cover fire to suppress enemy vehicles and troops,” commented Dan Furber, director of ground vehicle production for BAE Systems.
He emphasised the significance of updating the Bradley Fighting Vehicle by stating, “It’s imperative the Bradley Fighting Vehicle is upgraded to keep our Soldiers unmatched on the battlefield for years to come.”
The recent award follows the Early Order Material awards received in August and November 2022. As a continuation of the Army’s endeavours to modernise its combat vehicles, there will be upgrades from the M2A2 Operation Desert Storm – Situational Awareness (ODS-SA) variant.
Bradley A4, the new entrant in the fleet, boasts of enhanced mobility, including an engine with increased horsepower for quick reactions in combative situations. Enhancements also feature upgrades for improved survivability against threats such as IEDs, coupled with advances in computing systems to heighten situational awareness for troops.
The contract mandates the commencement of the project at various locations, including the Red River Army Depot in Texarkana, Texas, and multiple BAE Systems facilities scattered across the U.S., from Aiken, South Carolina to York, Pennsylvania.
https://ukdefencejournal.org.uk/u-s-army-to-boost-armoured-brigade-with-190m-bae-deal/
Once this market settles ( Please G-d!!!!) I think this will be a star of the UK market. Under £10.50 it is now cheap.
The Ministry of Defence (MOD) has awarded BAE Systems a substantial contract worth £89 million, aimed at amplifying front-line communication capabilities.
This initiative will integrate various military assets ranging from small reconnaissance drones and combat vehicles to fighter jets, aircraft carriers, and the overarching military commands.
Highlighting the complex nature of modern warfare, the press release notes, “Modern battles are fought across land, sea, air, space, cyber and electronic warfare. Rapidly evolving technologies mean each domain is highly contested so it is vital that militaries maintain control of their communications in these challenging environments.”
BAE Systems, over the next five years, will lead a coalition of dependable partners, such as Kellogg, Brown and Root (KBR), PA Consulting, and L3 Harris.
Together, they will be responsible for the conception and production of a tactical Wide Area Network (WAN) titled ‘Trinity’. This network aims to offer a cutting-edge, secure battlefield internet service for UK forces, ensuring sustained battlefield cognizance and effective intelligence sharing, even under intense enemy attacks.
David Armstrong, Group Managing Director at BAE Systems’ Digital Intelligence sector, stated: “In an increasingly complex and fast-paced threat landscape, Trinity will empower the UK Armed Forces with a better view of what is happening, enabling them to make swift, informed decisions when and where it matters most. By providing this advantage to front-line decision makers, Trinity reinforces our commitment to equipping the British military with the right tools to stay ahead in an ever-evolving battlespace.”
To counteract reliance on vulnerable satellites or fixed infrastructures that are common targets for foes, BAE Systems will employ its defence communications proficiency to create and implement global-class network abilities.
James Heappey MP, Minister for the Armed Forces, commented on the importance of this initiative: “In this continually evolving, multi-domain environment it is vital that our personnel have access to world-leading communications capabilities while on operations. We remain committed to working closely with the best of British industry as they support our endeavour to better connect with our allies and their assets in theatre.”
https://ukdefencejournal.org.uk/89m-contract-to-bae-bolsters-battlefield-connectivity/
The acquisition will deepen BAE's relationship with NASA, a key Ball Aerospace customer, and boost the UK weapons giant's environmental monitoring and surveillance as it responds to climate change.
For some time now there has been a growing air of confidence around BAE Systems.
That was underlined when, earlier this year, the UK's biggest defence contractor reported a record order book.
And it was further emphasised when, BAE announced it is spending $5.55bn (£4.35bn) on the aerospace division of the US packaging giant Ball Corporation.
https://news.sky.com/story/why-bae-bought-ball-aerospace-and-why-it-matters-12941598