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i'm glad to be making gains from ba., especially from the actions of uncivilised thugs like the houthis who can't take responsibility for their own actions (see the sky post below), but i am very concerned for the innocent people of gaza. hamas should all surrender, and should have done last nov when it was obvious that thousands of ordinary gaza citizens would die, but it is evident that they are cowards and do not care about their own people. it is curious that none of the main media have said the latter !! the usa should also tell the israelis that usa are taking over and deliver food, etc..., and destroy hamas and their tunnels in a much lower mortality way. biden is so weak !! i am not ****** against the israelis but if a god (if there is one at all !!) still assigns the 'promised people' tag to the israeli nation then we all have a lot more to worry about for when we die !! netanyahu has destroyed the goodwill of israel and israelis will be viewed negatively for generations to come. has any western nation even sanctioned imports to them from israel ?!!
"houthis: 'sunak can recover sunken ship if he gets aid into gaza'
a senior houthi leader says he holds rishi sunak responsible for the sinking of the rubymar cargo ship.
mohammed ali al houthi said the prime minister has "a chance recover the rubymar" by allowing aid trucks into gaza."
NED purchase of £125k by Dr Ewen Kirk at 1256p. Always encouraging.
Onwards and upwards RF!
A large part of BAE's customer base isn't our MOD fortunately so don't see anything other than a slow drift up to my target £15 based on the size of the current order book. It would be great for BAE, BAB and RR if this useless bunch would smell those coffee beans cooking!
Well, there is updated news in anticipation of the budget that DOES suggest that the budget will not be increased. There does seem to me to be a complete misjudgement by politicians for the last 40 years on the role of the Armed Forces. The real threat that USA might reduce its exposure to NATO either directly with Trump at the helm or with his puppets controlling the purse strings if Biden is returned. IMO, it is vital that European security is beefed up not just with supply to Ukraine but also replenishment of depleted stock.
Mr Hunt might try and save Tory skin with tax cuts, but I feel that the mood in the UK is to kick the current presiding government out.
Defence is the only industry almost guaranteed to garner decent returns nowadays. BAE could easily hit £15 by the EOY, Rolls-Royce will probably get to £5, Rheinmetall undoubtedly will smash through Є500 (at the minimum). Airbus, Leonardo and Thales are also expected to see significant growth. Everyone is gearing up, and big time.
Not sure your information is correct. I refer you to this article https://www.reuters.com/world/uk/british-defence-spending-rise-by-more-than-1-billion-pounds-telegraph-2022-12-24/#:~:text=Finance%20minister%20Jeremy%20Hunt%20is%20expected%20to%20announce,a%20real-terms%20cut%20as%20inflation%20remains%20above%2010%25.
Defence Spending is not to be increased. This is going to be a knock to BAE in short term. Be ready for shake in budget speech
RF, Thursday reckon Leonardo should be getting uplifts from brokers. Got my eye on Thyssen Krupp too atm, think it could be a steal, just hope things calm down with the SP
Yes I have been in RHM for a year. Portfolio covers low tech - artillery shells as well as high tech. Seemingly announce material new contract wins weekly.
Interesting CEO interview with Reuters.
In BAE as well but later.
Defense sector has legs. European cos superior performance than US counterparts, which popped after initial Ukraine conflict but have lagged since.
https://www.reuters.com/business/aerospace-defense/rheinmetall-could-be-worth-17-bln-euro-over-medium-term-ceo-2023-06-10/#:~:text=Rheinmetall%20could%20be%20worth%2017%20billion%20euros%20over%20medium%20term%2C%20CEO%20says,-Reuters&text=BERLIN%2C%20June%2010%20(Reuters),increased%20defence%20spending%20in%20Europe.
I've seen Hensoldt keep getting talked about for a imminent uplift by brokers and such on websites etc, but I don't know much about them to be honest. Are you in with them RF?
Leonardo is a bit of a dark horse, been doing very well. Doubled since June 2023. You been following Kawasaki Heavy Industries by any chance? Seems criminally undervalued (like Leonardo and BAE) – with Japan spending record amounts on defence in regards to China getting rambunctious, I could see it rising.
It’s in my Defence watchlist with RR, BAE, BAB, SAAB , Thale, Lockheed M all of which all but 25-125% in the last 18months.
General swing in defence spending doesn’t look like it going to change in the short term.
O yes! RHM is an absolute juggernaut of a company, collaborates a lot with BAE (Rheinmetall BAE Systems Land). Rheinmetall also own Mauser. Forecasts see the SP steadily rising. €500 by end of 2024 is almost guaranteed.
You mentioned BAE are cheap?
They are expensive against FTSE100 which trades at 11 forward earnings.
Unless your thinking there cheap versus US counterparts LMT & NOC?
No, we invest in bae it keeps going up.
BAE shares look cheap on forward P/E 18, that’s even without a profits kick up from new acquired Balls Aerospace. I think generally the whole defence sector will be uprated too with increases in further military spending! Yes, BAE company fundamentals are on a sound footing. It’s buying Balls Aerospace that grows the company in high tech military spending areas benefiting BAE profits. Yes, short term hit to BAE cash positions and profit margins but huge prize afterwards! I think the market will re-assess BAE company fundamentals and see the shares go higher.
Alas_Smith: Agree with you. BAE company fundamentals are on a sound footing. It’s buying Balls Aerospace that grows the company in high tech military spending areas benefiting BAE profits. Yes, short term hit to BAE cash positions and profit margins but huge prize afterwards! I think the market will re-assess BAE company fundamentals and see the shares go higher.
Sadly, history is not on your side, driftking27. Every chart from the 3 month through to the 5 year shows the share price relentlessly rising. Momentum will continue and any sideways movement is likely to be of very short duration.
I am not for a moment endorsing chart analysis simply referencing visual clue
With war coming, definitely.
£14.50p BAE Target, Morgan Stanley. Overweight, up 50p on yesterday’s results. Barclays £15 BAE Target.
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