The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Most kind!
I've just given you "recommend"
Yep. Hopefully I will not get the chance now!
Looks like too late. There we go.
Well, the cheapest buy quote even for just 1000 shares so far has been 285. Tempted to set a buy order for 281 to see if it hits, but not that urgent...unlike some last minute Xmas shopping that needs attending to! GLA.
Agreed
Need to see if we can crack 3 quid again first. I must admit I did not think we would still be around this level at this point, but the Polaris sells are probably the only reason IMO. No matter. So far, so good, as far as I am concerned.
All what you mentioned+ last update...what is not to like? Hopefully the only way is up now. Interesting to see if we manage to break 310-311p this time.
A contract win and a credit rating upgrade. Got to be satisfied with that. Will be interesting to see if we see low 280's again early in the day tomorrow. Going to take a few more if we do. GLA.
Bought another 500 shares. Last of the big spenders! :)
I am surprised the SP has hovered in this region. Perhaps Polaris are still reducing their position? Orderly so far. Tempted to add a few more at this level.
Looks like the market has to "digest" all good news we've received recently. Once it happens we should head towards our price target 425p+. Shouldn't take long imo.
Bab**** on the march with French military contract
https://www.thetimes.co.uk/article/bab****-on-the-march-with-french-military-contract-m7g9c7l3h
Is that based on technicals, or just a number that you feel comfortable with?
Fwiw my buy order is in at 275.
Thanks for your thoughts, MaryBR. I was thinking around 280p now, given 300p has clearly failed to hold. Will have a look at DLOR. Never head of them before.
did grab a few DLOR to hold until the new year at 74/75p.
Was tempted at 290 but with the US markets hitting fresh lows there is no hurry and if I miss out now it will always come around again.
Entry 280 or below would be preferred and who knows.
Good call MaryBR190! What price are you anticipating this drifting down to before you add further? I thought this would hold around the 300p mark, so showing my gift of stock predictions! I thought the update was good, but I think the company has some work to do to restore investor faith. As a new holder, I guess it helps to have a fresh perspective - and not having sat on losses, as some may have done over the past few years. All that said, it seems undervalued to me. Time will tell of course.
I cleared out at 308 but will rebuy part around these levels and re-add lower.
Any LTH's sold out recently? I thought that update merited a stronger rise. Certainly not a red day today, at least. I got in around 280-odd, so feeling fairly relaxed and indeed pondering adding a few more if we see 290p or so, but would welcome the opinions of others here, especially LTH's.
Good luck if you've just bought in, however, for us long-term and long-suffering holders, this is probably the beginning of the slow crawl back to a decent market cap.
Glad I managed to bag some at the bell yesterday. Solid update and Looking strong.
So undervalued it’s a steal here…
Bab**** International
Shares should rally on solid EPS and FCF beat (H1 23 results)
Our Take: We expect BAB to trade higher after reporting H1 23 EBIT and EPS 5% and 6% ahead of Vuma consensus, respectively. More importantly, FCF beat by £111m and net debt (IFRR 16 basis) was £143m better than expected (Table 1). BAB’s shares have underperformed European Defence peers by c70% in 2022 YTD; they are trading on a discount of c40% and c30% to the same peers on CY23 P/E and EV/EBITA, respectively. We believe BAB is at an inflection point, whereby investors can accept it is a defence company with a derisked balance sheet (rather than a highly levered support services company). We see meaningful upside for the shares over the next 12 months
Very satisfying update. Happy to hold and take a view if/when we see 320-ish. Inclined to set a higher exit price tbh, but it rarely works out well for me when I deviate from my original plan! GLA.