Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
When you look at what is a 65Bn order book that's going years into the future, arms being pumped into Ukraine, the middle East and the woeful defence budget spend in NATO as a whole this could really pop and delivery needed to be geared up. If you think that say the UK defence budget needs to double to counter our small navy and airforce, BA, RR & BAB should do well. SO to answer your question BA target price of + 30% on todays prices given the war drums beating as they are
Not optimistic if Saudi's do buy 48 Typhoons. Decision now cannot be far away.
I haven't done a deep-dive into the accounts (sums are not my forte), but aside form the benefit to BAE, I think that AA sounds like a well-run company, geographically and economically well-positioned in the aviation sector and as such I'm intending to have a punt, despite already being a bit over-exposed in airlines. Has anyone had a closer look at the books and developed an opinion?
As a separate topic, how do we go about getting a London Southeast forum set up for Air Astana?
https://www.lse.co.uk/news/air-astana-set-to-raise-120m-by-floating-in-london-and-kazakhstan-skc37phhrm2q71x.html
I'm hoping personally for £13 but that could be a bit optimistic. Who knows with the current global climate..?
Don’t matter conflict keep us up
....down 2.69%
This is future right here
****stan v iran larger conflict now possible along with us +uk v houthis expanding and even v iran. more and more conflicts in 2024.
Oldbutnowisa, Yes, Up Up and Away !!
Https://www.thisismoney.co.uk/money/markets/article-12957501/MARKET-REPORT-Defence-stocks-fired-crisis-Red-Sea.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.31797180.38460507.1705180377-829466088.1679172563&_gl=1*8cnk33*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwNTE4MDM3Ny41OS4xLjE3MDUxODAzODEuMC4wLjA.
...is great for BAE at the moment, including the forthcoming flotation of Astano!
Can easily see this at over £12.50 before it declares next dividend.
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
Share
(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!