Roundtable Discussion; The Future of Mineral Sands. 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.
Shazabo, I sold out at 320p and bought back in at 302p so at least have mitigated some of the drop. Today's rate of decline is less than last week and when this PWC investigation is over with no BAB adverse effects then it should climb again. I'm also LT and not worried.
Oh well was always going to be a long term hold for me. Don't need the money right now, top up some more and wait for the next results to see the improvement that's happened within the company over this past 6-12 months or so since Lockwood took over.
Steven, disagree with you. The sp is materially down on its recent years' highs, that is enough to show that there's a way to go yet to get back to the top. Every business has some plonkers, as does every country - I'm sure you know who I refer to.... - higher profile businesses than BAB have lazy CEO's and Chairmen, why has the Active Investor strategy become more common recently ?!! You may recall RBS buying ABN Ambro soon before the 2008-2009 Financial Crash and over paying billions for it, then the UK Govt had to step in to save it. Tesco's adventure into USA cost it over £1b, RSA nearly went bust in 2003 over asbestos claims, etc...These FTSE100 cos are much higher profile than BAB. The janitors in some of these cos would make better decisions, not demeaning janitors but just to show a difference in perceived abilities. Many analysts have sp targets well above current sp, and they meet mgt and analyse the co., so I'll put my faith in them !! Recent results are also very encouraging as is the industry within which BAB operates.
I am not sure on how low this will go but the company is weak in so many areas it is scary. Having worked for them in the past I was amazed at the way they would bring in the wrong people to run sectors of the business. I know that civil aviation will be punted to release cash but dilution is purely a cash grab. I read that Lockwood wanted to get rid of businesses that were not making money that is fair enough but he should be looking at why it is not making money. In the 6 years I worked for them they made fundamental errors and constantly employed people with no clue how to run a business then wonder why it has failed and I refer to the O&G aviation sector. Lazy lazy appointments ran into the ground and sold for buttons.
I was tempted to get in below £3 but knowing how this lot run the organisation I have very little faith of the longevity of this business. Having seen it first hand I am out but good luck to all those involved. I have more faith in Lockwood than I did in Bethel but that is not saying much.
Unfortunately this is mirroring what the market is doing rather than anything specifically related to BAB.
I don't see it below £3 but who knows with the markets. Great price to be in at if u want a flutter but could miss the boat if waiting for further hefty falls.
How low could this go, any thoughts ?
https://www.airmedandrescue.com/latest/news/karolinska-university-hospital-hires-bab****-hems-services
caitlin1, pwc are very reputable auditors. Are you saying they are corrupt, just wondering because BAB's books may be okay but other clients of pwc may not and have 'cooked' books ? BAB is a high alpha stock thus fell a lot today.
Weren't u on bp or rr, I remember u from there lol.
Yeh it's all out in the open and bab took a big hit on sp last year as a result of all this and was down in the 240s.The new boss has come in and started correcting everything and carried out a number of disposals to streamline the business and get it back to or profitability and back on track. .
I would stay away from this one caitlin seems its not your kinda share to invest in as it's supposedly doomed!!
Good luck with investing elsewhere though
Dont think so.Looks like the books where cooked.
That fall was a number of days ago. Its risen sharply since then.
How so. Its investigating pwc not bab****?? .
This should continue its upward trend I reckon
The UK accounting regulator has extended its investigations into PwC's audits of defence giant Bab**** International Group PLC.Alot more further falls I'm afraid.
Hi, anyone any idea why the large drop today ?
https://www.neimagazine.com/news/newscavendish-and-jacobs-sign-mou-for-uk-treatment-of-japanese-fast-reactor-sodium-coolant-9371276
Cavendish and Jacobs sign MOU for UK treatment of Japanese fast reactor sodium coolant
6 January 2022
Starting to gain some momentum now. Be interesting to see where we are in 5/6months
Nice little update on BAB today from Liberum:
Bab**** turnaround is on track. The turnaround at Bab**** International (BAB) is on track despite ‘uneventful’ interims from the engineering group, according to Liberum. Analyst Joe Brent retained his ‘buy’ recommendation and target price of 425p on the stock, which was down 1.8%, or 5.6p, to 307p at Monday’s close of trading.
‘The interim results were uneventful, which is not a bad thing,’ he said.
‘The key message was that the turnaround is on track. The business is showing signs of organic growth, which has been lacking in recent years.’
The analyst said the ‘strategic’ contract win in Australia was important but noted ‘three areas of uncertainty are Covid-19, customer payments of Covid-19 costs and inflation’.
‘We think it is too late to derail this year, however, and 2023 estimates are reasonably cautious,’ said Brent.
JPMorgan sp target 400p and Overweight rating today
Stand my previous post, but found comments by Shore Capital and figures from todays's Interims, re concerns about the negative FCF for investors (and dividends I presume) though acknowledgment that BAB are going well in the right direction. Thus two brokers left their ratings as HOLD today, but I can see / hope some will boost the sp in coming days with better ratings !! Remember, BAB hit a high of 388p not so long ago and now they're back to making decent profits with a great Order Book.
Slept in and didn't see the sp activity until 1pm !! Amazed that the sp didn't hold its 320's pricing. BAB contracts in stock are 2.5yrs sales, sales up 10% on H1 2020/21, profits materially up even adjusting for a Goodwill redn hit in H1 2020/21 A/Cs, etc. . Vast majority of firms face risks of Inflation, Supply Chain shortages, Covid, etc..looks like BAB's exceptional honesty on all the latter prompted profit taking. Personally, think any LT holders who sold made big mistake as these are excellent results and prospects going forward are superb.
Probably come down to what the institutions think and whether they increase their holdings.
the board has a plan the markets have one also?
well that didn't last long ...
volume is good from O trades. SP is higher. nice start!
That's more like it. Positive news overall despite the variants. It actually went down to 3.01 first thing. Hopefully continue the rise into the new year