Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Ah FOMO....a dreaded affliction that I sometimes suffer from..only to normally regret hitting the buy button after....ah well.
I'll keep an eye on the trend you mention as hadn't really noticed that. Doesn't take a lot of volume to move either in US as low average volumes traded - BAE 240K RHM 16K for 90 day average.
For those trend followers out there BAE has a gently sloping bottom left to top right chart from October last year. Maybe two minor pullbacks circa 3-4%.
RHM - same direction but not as smooth. Took off Feb this year up approx 40% since then. Vey much tied to Ukraine and Eastern Europe geopolitical defense.
Needless to say to say both companies are in an in demand sector and also more preferable geographical location versus US counterparts imo. Share price action for US cos a little less predictible.
Tks WHL for your insight. I hear what you are saying about RSI. I follow MACD, but unfortunately another indicator much overlooked even by myself, FOMO. With so much cash around especially in the US, FOMO momemtum trades play a big part. I noticed in the afternoon on US entry, Bae gets sold and RM gets another leg up. I ask myself are they switching to the other, as you say more visibility.
NDP
My take on RHM is they are in process of rerating and continue to as more visibility on pipeline which is huge...just announced results last Thursday 2023 Sales €7.1B - 2024 estimated €10B.
That said the valuation has come a long way so less upside there and i am struggling a bit with it where it is at the moment certainly stretched with RSI 80.
Short answer is mixture of both fundamentals and momentum with bias towards momentum short term.
Tks DBarnet. Good to see Bae shares break through £13.00 . Hopefully it will hold today and make its way towards £14.50. It has been a bit of a laggard when compared to RR and Rheinmettal who seem to be on a momemtum play at the moment, moving up each day. Although fundamentally and looking at its diverse portfolio, especially since adding Ball Aerospace, to me it is more attractive.
The Germans have apparently dropped their opposition of arms sales to Saudi. The deal for 48 Typhoons will now surely be soon although the Saudi's may also buy Rafaele.
As for Tempest, and even Typhoon, the Saudi's will demand a bigger role as under their 2030 Vision plan 50% of defense expediture will be in Saudi. BAe will have to transfer more work to Saudi in exchange for aircraft sales.
Hi Rheinmetal_fan. Thank you for the information. I gather this refers to next fighter jet the Tempest, but I thought the Saudis were initially interested in buying the Eurofighter Typhoon which was being blocked by Germany. Has that embargo been lift and is that proceeding? They want 48 Eurofigthters.
I noticed Rheinmettal continues to roar ahead. Is this a now a momentum trade to Eur 500 or backed by fundamentals?
Shame I can't read it, but the headline is right, BAE should be integral to defence in the European war currently raging in Ukraine
£13 now reached. Barclays & Bernstein sees £14.50 on the horizon, Berenberg £13.60. Personally, I think £15 is closer. I reckon this will get an adrenaline shot around November when the US elections take place. £20 next Christmas 2025 will be on the horizon I think.
Do you mean that you have rattled some bones, swirled the dregs of a cuppa and examined the entrails to determine that the share price will continue to rise?
The sector chart price has broken above the 7/3/24, fractal high, which is bullish. The BAE chart, sp, has broken above the 5/3/24, fractal high of 5/3/24, which is also bullish.
Looks like BAE have taken the baton from RHM, glad i stayed with BAE.
Good start to the day, UBS price target upgrade, UK wage inflation data continuing downward trend, now we need good US CPI data for the market to push forward.
Keep an eye on Cable, want a lower Pound against Dollar as most income in Dollars and don't want to lose out on currency translation.
£13 today? GLA
Great post, thanks nomdeplume.
Hi Chaps, if anyone is citing current weakness in price on EU's decision, BAE's main markets are the UK and USA, Saudi Arabia along with Australia and India... the latter two growing quickly through the threat of China. THe following link provides the top 10 orders https://executivebiz.com/articles/what-are-the-top-10-bae-systems-government-contracts/
EU and Trump are no different. Trump got pilloried by the EU for saying America First. EU has been practicing these policies for a long time through ... agricultural and more recently content of EV cars and now defence. The only difference is they don't say it openly like Trump.
Rheinmetal_fan, how dare you refer to me as "poor old Clueless". That is a personal slight and there is no place for such insults on this forum. I was simply commenting on AgentB's Mar 6th 9:36 post and my response to the content of that was reasonable. I do not for one second believe that the UK would be materially excluded from any Europe v Russia conflict.
In an unusual intervention urging the Prime Minister to increase defence spending to 2.5% of gdp. Increased government spending on defence is inevitable in the current climate.
BAE has a massive order book and in the current climate is going to be very busy indeed. I see a lot more value coming our way from a top notch company. I’ve increased my holding this week and taken advantage of the slight dip.
Stating the obvious there… Guardian shouldn’t be publishing anything like this - not a fan of the Saudis by a long shot but it does us no favours. Bad enough the Palestinian brigade is protesting at BAE sites - should be banned outright and sympathisers jailed. French and Yanks know how to deal with this kind of scum.
First, this refers to something that hapenned 5 or more years ago, second markets are pretty flat accross Europe in advance of the jobless figures due to be released in USA. Third, a 1.5% change in share price is not out of the ordinary or unusual. Really not sure what point you are trying to make.
If you listened to the State of the Union address, you would have heard Mr Biden comment on the importance of NATO. I am not convinced that Mr Biden will be returned and investors need to be prepared for the return of Mr Trump. In the event of Trump re-elected, NATO is in a very perilous place. The UK has a big problem now with numbers of trained forces at worrying level, ships that are being mothballed and a defence budget that needs to be boosted substantially.
Realistic levels of funding for NATO currently should be in the region of 2% GDP. If US is removed, then this will have to increase to at least 2.4%. This level of funding maintains things as they are and does not address the decline in combat readiness. Increase the spend to 2.7% and it begins to nibble back to have a defence that is more appropriate to todays geopolitical climate and at 2.8% it will start to provide some future proofing.
Seems to me very sensible to strengthen portfolio holdings that are doing well adding when there are down days.
Https://www.theguardian.com/world/2024/mar/08/mod-paid-millions-into-saudi-account-amid-bae-corruption-scandal
No sh*t. What good is this to anyone?
I've added another tranche of shares to a SIPP today. Time will determine the wisdom or folly.
It's the ethical left wing warriors that find investing in something so dirty as an arms manufacturer, until their freedoms are taken away