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Great news! Now we are getting momentum!
https://www.proactiveinvestors.co.uk/companies/news/1032785/bab****-sets-optimistic-tone-ahead-of-interim-results-1032785.html
Good news today. Lets hope it continues with the update next Tuesday
Is it down due to Melrose Inds GKN getting the GE Aerospace deal I wonder ?
Aukus: Government signs £4bn deals to develop ‘hunter-killer’ submarines
https://www.cityam.com/aukus-government-signs-4bn-deals-to-develop-hunter-killer-submarines/
Contract signed on the back 9 no doubt
Their profit margin seems ludicrous even without the £100m loss based on a very bad contract. Though why there’s no immediately apparent force majeur due to Covid I do wonder just how bad the wording of their contracts are!
bid for bab**** doesn't keep me up at night, says boss
https://www.thisismoney.co.uk/money/markets/article-12552299/bid-bab****-doesnt-night-says-boss.html
Half Year Results 2024 to be posted 14th November 2023.
They can influence a share in the short term up or down with the fortunes of the company concerned.I'm sure you'll get your price at some point but in the meantime it may well head a good bit north. I bought and sold these around the financial crisis and then bought again during the pandemic. Just waiting for the right price to sell or possibly buy more if they get really cheap again.
Bullbarz
Respectfully, i take all broker valuations as a fiction.
If even half had come true for the companies i have invested in I would have retired long ago.
If it drops below 350p, I will get back involved.
bab**** signs strategic cooperation agreement with saab
https://www.navalnews.com/event-news/dsei-2023/2023/09/bab****-signs-strategic-cooperation-agreement-with-saab/#prettyphoto
not sure how you arrived at your valuation.
(sharecast news) - bank of america merrill lynch initiated coverage on bab**** on monday with a 'buy' rating and 585p price target, implying more than 50% potential return.
the bank said bab**** is in the early stages of its turnaround, but it is already seeing the first positive effects of the restructuring.
bofa said that bab**** still trades like a business services company and has missed the significant re-rating of defence peers.
it sees the company increasing defence revenues to around 80% by fy26 driven by the disposal of civil assets, conversion of the backlog and management's focus on signing defence contracts.
"we make 3 key points: 1) we model circa 140bps of margin expansion through fy26e, which should be supportive of better free cash flow generation. 2) we see fcf inflecting from fy24, leaving room for shareholder returns," it said.
"3) we estimate bab could generate circa 80% of revenues through defence markets in fy26 vs 61% in fy23 on bofa estimates. this should underpin a re-rating from c.6x ev/ebit and c.7x earnings on fy26 bofa estimates to 11x & 12x respectively."
at 1245 bst, the shares were up 3.7% at 397.80p.
Rising today after a thumbs-up from BofA
Have done the maths and come to the conclusion its over valued at this point
£3.43p is what i valued it at
Sold the last buy on 3rd back for 390p surprised to see execution .
Less then one week 367 to 390 = 6%
I'm invested here based on good recent momentum.
Got some more 367p
Back in @ 3.65. A hold till next year unless a decent rise to £4 occurs again
fridays choice looks ok this last day of july.
berenberg revised up their target price for british aerospace, defence and nuclear engineering services outfit bab****.
foremost, they highlighted how the company had been delivering on the turnaround plan announced by its new management in 2021.
furthermore, the disposal programme had been upsized by more than half to £640m, cash flow stretches of about €470m had been unwound, its free cash flow had inflected and the balance sheet was in a much stronger position.
they also termed the company's medium-term guidance for the first time "an important milestone".
and trading on a price-to-earnings multiple of 9.4 the shares remained "attractively" valued.
indeed, they estimated the discount that they were trading at versus uk defence sector peers for 2035 at 30%.
on the back of all of the above they upped their target price from 400p to 450p and reiterated their recommendation to 'buy'.
Got 24th July slice back for 375p .
Fell back to 373p
Got one slice back for 380p .
Small part at open , rest of order 11.15am.
Stooped drop at 376p.
Sliced again 404.6p.
That was 383p two days ago not 283p
Relentless rise, didn't think it would go this far so soon, still waiting on a buying opportunity, or just keep my money in my pocket
jpmorgan raises bab**** international target to 555 (455) pence - 'overweight'