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fwiw, about 20 years ago, i plotted the notional value of £1,000 in the 5 dirtiest industries i could think of, ***s, bomb makers, chemicals, miners etc i put the same notion amounts into the 5 cleanest businesses at the time, it, pharmaceuticals, timber etc.
the dirty companies beat the clean ones over 12 and 24 months by a wide margin. in recent years, my greatest losses have been vls, graphene nanichem and varta. i admire your moral stance, but the decision to bomb gaza cannot be levied at a supplier of weapons. i am content to retain this company in my portfolio for the wide range of defense products that are supplied to the broad protection of countries
Sadly, I’m out. Which is a pity, as I applaud the company’s support of Ukraine. However, I cannot continue to invest in a company that supplies white phosphorus shells which the IDF uses, indiscriminately, against the civilian population in Gaza. Sometimes morals beat money.
Potentially good news and for RR.
Germany ready to sell Eurofighter jets to Saudi Arabia — minister
January 08, 2024 at 01:58 am EST
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(Alliance News) - Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.
Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.
Berlin has blocked one deal, sought by London, since 2018.
"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.
Germany has blocked arms sales to Riyadh since the 2018 murder of dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul.
That includes blocking a deal for 48 Eurofighter jets signed by Saudi Crown Prince Mohammed bin Salman in London.
Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out.
"The fact that Saudi Arabia is now intercepting missiles fired by the Huthis at Israel underlines this, and we are grateful for that," she added.
"The fact that the Saudi air force also uses Eurofighters in this context is an open secret," the minister continued.
"Saudi Arabia is a key contributor to Israel's security, even these days, and is helping to stem the risk of a regional conflagration."
Eurofighter Jagdflugzeug GmbH is owned by Airbus SE, BAE Systems PLC and Leonardo Spa, who all own a minority stake.
source: AFP
Good PR.lol
https://www.cnbc.com/2024/01/07/china-to-sanction-5-us-manufacturers-over-arms-sales-to-taiwan.html
Stargate, 1150p would be nice before end of 2023 !!
Sp, target is 1150-1200 because of bullish pivot break upwards . Fast price action expected, as the upper and lower bollinger bands are separating , upper band going up and lower band going down. RSI(relative strength index), is above 50, which is confirmation that an uptrend is now happening.
Yes a deeply painful thought and a real kicker to BAe if the French get their toes into what is a major market. It would be a shock!
The Saudi's also have a skipload of aircraft that need replacing in the near future.
So far MBS has delayed his trip to the UK so nothing on the cards. Keep reading the papers - if Macron flies out to Saudi in the New Year maybe your fears will finally be realised !
But maybe, the Saudi's will be let into the Tempest program, the German Greens relent and more Typhoon parts are made or repared in Saudi to seal the deal.
For now all the cards are in the Saudi's hands!
The thought of the French picking up our Typhoon order is driving me to distraction. Bloody Germans I can't believe it, these are british and German job being shipped down the river by a bunch of lefties...the end result is still the same don't they understand? The Saudis are getting a European jet the only difference is that its being built by your EU partner not you. I'm going to have to stop looking it cheeses me off too much.
Casapinos - And BAE are down because..??
FED has signalled likely rate cuts in the future, borrowing costs fall, equities rise,
Dagoberia - I considered that but this morning's list of FTSE100 risers and fallers doesn't support it. In fact, there are very few fallers of any persuasion!
I think it's just the Dollard weakness with expectations or rate cuts. BAE has a lot of revenue in $?
Anyone? - I'm baffled..
See
https://uk.investing.com/news/stock-market-news/britains-bae-systems-wins-88-billion-contract-to-continue-operating-tennessee-ammo-plant-3267608
{note the contract is for $8.8 bill not as shown in the link!!}
This contract represents a little under 5% of BAE's annual revenue but is a sign of the continued need for military kit which will not diminish in the medium-term future. I continue to hold.
Yep, DBarnet but I am sure that mob will have a few freebie tryouts first and can afford a few of each.
You might be right but there is some uncertainty on the horizon and that is will Saudi by Rafaele over Typhoon.
If Saudi does not purchase Typhoons then that is a major loss. We'll see!
....even before I read Clued's post below. Believe SP still undervalued and world is as fractious as ever. Dividend likely to be improving.
UK
proactive logo
BAE Systems could net windfall from Air Astana float
Published: 11:39 27 Nov 2023
Written by: Jeremy Cutler
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BAE Systems PLC
LSE:BA.
BAE Systems PLC -
BAE Systems PLC (LSE:BA.) stands to net a multi-million windfall from the flotation of the national airline of Kazakhstan.
President Tokayev of Kazakhstan recently announced that Air Astana, in which BAE has a 49% stake, would pursue an international initial public offering next year – possibly in London.
The stake dates back to a botched defence technology deal more than 20 years ago but could now land the UK defence manufacturer an unexpected gain.
The British company put in $8.5 million to co-fund the launch of Air Astana in 2002 as part of an attempt to sell radar systems to Kazakhstan.
That defence deal collapsed under pressure from Russia, however, and BAE was left with the Air Astana stake, which today rests in its books with a valuation of £63 m.
Deutsche Bank raises BAE Systems price target to 1,220 (1,140) pence - 'buy'
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Bank of America raises BAE Systems price target to 1,245 (1,175) pence - 'buy'
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Babc 0 c k was up over 3% today and BA. was down c 3%. I wonder are the Up and Down connected ?