The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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THE KOREAN HERALD
Daewoo Shipbuilding, Bab**** sign MOU for warship partnership
http://www.koreaherald.com/view.php?ud=20220315000168
Completion of the first ship in 2028 ! wow thats a little late isn't it for what happening now
It's ok googled it and found the same story elsewhere..
https://www.defensenews.com/naval/2022/03/04/polish-navy-chooses-arrowhead-140-design-for-new-frigates/
Thanks. Do you have a non payment, no subscription version of this story to read
https://www.telegraph.co.uk/business/2022/03/04/poland-beefs-navy-deal-buy-british-type-31-frigates/
Great win this, v undervalued here
Bab**** rerated by JP Morgan-Chase to £4.60
https://www.etfdailynews.com/2022/02/28/bab****-international-group-lonbab-pt-raised-to-gbx-460-at-jpmorgan-chase-co/
There are bigger issues in front of us than the Bab share price. This note is designed to provide some understanding of how this company may benefit from an increase in UK readiness and asset utilisation . UK defence is continually budget constrained. Vehicles ships and air platforms often remain ‘parked up’ to reduce operational and maintenance costs. To improve readiness there needs to be an investment in maintenance and support which Bab are embedded in. This is particularly true in Marine where Bab are a major player in through life support. They also train the pilots from initial contact with a plane to fast jets. In the Land environment they would have a lead role in the refurbishment and support of armoured vehicles. If we are to be less reliant on Russian gas then Nuclear and North Sea exploitation become more important. The oil price rise will increase the utilisation of helicopter assets which will make this problem business less of a drag and increase it’s divestment value. There are people more wise and informed than me who take these things into consideration. Hence the general uplift in defence shares. Let’s hope those children return to there homes shortly and we can help rebuild their country and keep them safer in the future.
That's a decent rise.. Bae and bab on a high today
Fantastic potential growth for Cavendish!!
https://www.business-live.co.uk/manufacturing/cavendish-nuclear-looking-400-recruits-23191831
All this info was out there already, the sales and the restructuring costs to incur etc etc. Factored in I believe but we will see what the SP says come 8am. If a big drop then am coming in for some more for a long term hold.
That wont bowed well. Especially the " cash flow to be significantly low" part
Well, that was hardly worth waiting for.
Nothing in there to suggest a rise in the SP which makes me worry it will do the opposite. depends on the institutional investors
Trading update tommorrow,see what that brings.
BAE had a pretty good day today
jordie1, you're probably being sarcastic, but if not lookup janitors on line !! My intention was to show that a worker not perceived as academic would make better decisions for some major cos than those running the show with all their high end quals !!
what are janitors
Sorry it has taken a while to reply to this post Clued. I get what you are saying but Bab**** aviation can not be referenced to that of a financial crash. Whilst the rest of the aviation sector suffered due to the pandemic the HEMS and Oil and Gas sector was largely untouched. The point I was making to a certain degree was that they bought Avincis for over £1bn and have run it into the ground. Perhaps it was a weak investment but it is deeper than a few bad eggs. I have seen for myself the way this business makes mistakes and throws millions down the drain. When you look at the aviation sector especially within the HEMS market and O&G it could have been profitable if they appointed the correct people. Instead they appointed weak leaders who had very little clue on the requirements of the business and had no forward plan. I worked within the oil and gas sector which has now been sold and seen some crazy decisions which resulted in the business writing off large sums of money. Bab**** had a great opportunity to take the market share whilst the other operators were on their knees facing chapter 11. I have said this before the saturation in the market caused a price war and turning the screw could have seen them with the market share. Whilst the other operators tired to reduce fleet costs and streamline the business BAB decided to take on some of the most expensive leases in the world if not the most expensive.
People may argue that it was a dog that needed off the books and at the point of sale I would maybe agree. That being said in the early days up until maybe 2 years ago they just ran it into the ground. What always made me laugh was the financial reports they always blamed the O&G market but if you look closely into the fleet rationalisation they moved all the expensive assets on to the books of the offshore business "For the better good of the group" then threw us under the bus in the next set of financials.
I don't want to come across as bitter because I am really not but I think it is important that people can see that this business is not all it is cracked up to be in my eyes. I would not trust them with my money that is for sure. I speak largely in the post about Archie Bethel as I think he was in post for far too long. lockwood pushed the sell button and if I am honest the damage was already done by Archie so I hold no grudges. My concern is from an investment point of view what other sector has been run as bad and when will the cracks appear. The share price decline in the last 5 years is a concern and I hope Lockwood can recover for the people who work for BAB and the investors of which many sit heavily in the RED!
Disposals going well ahead of the 400mill target...
'The sale is part of Bab****'s ongoing targeted disposal programme. This is the fourth disposal completed, bringing gross proceeds generated to date to £448 million.'
Yep just seen it on their financial calendar.
Hopefully some positive news to kick this back up again to the 380s and beyond
Friday 25th February, Q3 Trading Update.
I am really upset that you are not going to invest, you of all people.
Clued provides a balanced view. Large mistakes have been made and this is an obvious recovery play being driven by fiscal minded individuals. I think we can expect one more significant disposal in Aerospace which will draw a line under a business Steve88 quite rightly comments on. In summary Bab**** can justify a higher share price purely on their position in Marine and Nuclear. The rest is frankly noise. I would expect them to hit plan this year but inflation on fixed price contracts will impact margin. I'm holding until December 2022.
How PWC worked on Bab**** audits and the results are being investigated. Bab**** isn't using pwc any more .... I won't be buying
The PWC investigation has nothing to do with the share price performance. Its PWC being investigated, not BAB.
Yeh I didn't sell up at the highs over the past couple of months but did so a few times over the past 6 months.
I am having to stick it out now as its just gone on a downward trend but have done the same as you on another share recently and made some so will be looking to get more in here for sure.