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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.
Slow and steady rise.
Very low volume considering good results
Ah true I misread it
The next year is looking very positive. Think they are 45% down compared to other defence companies, could do some big catching up from here.
Reading that as improvement in free cash flow of + 136m.
I’m sure it said that was a good thing in the Rns, I’m going to have to re read
All looks good to me
Apart from the free cash flow 24.7 down from 160.6
Unless I’m misunderstanding something.
Looks very positive as expected
In for the results tomorrow at 290p.
Raw material supplies and energy costs plus interest rate rises will have an effect
But the war and defence spending might over ride those.
There’s wars going on, the economy will have little impact to defence contracts/future work.
On the last good result the SP rosé gradually over a one month period with an initial spike on the day.
I think the results will be good but they will give a future forecast that will be slightly bland because of the downturn in the economy
tomorrow is anyone's guess + /- 10% ?
Lemon. Starting the rumour mill. No idea.
Think you mean the other way around...
https://www.bab****international.com/investors/financial-calendar/
Half year results 22nd Nov
this will be back above 300p
No1plasterer, Brit Aerospace is also down, maybe worries re a cut to Defence spending ?
The entire stock market is up and this is down once again
This is one of the few stocks that hasnt been included in the rally that most have seen over the last two days.
I think @ 250 this is a buy if it actually gets there
results in december????
and still the sp falls. I'm glad I got out even with a 50% loss.
https://www.bab****international.com/investors/financial-calendar/
22 Nov 2022 Half year results for the six months ended 30 September 2022
https://www.bab****international.com/news/bab****-announces-sale-of-part-of-its-civil-training-business/
Bab**** partners with Hyundai Heavy Industries and Hyundai Mipo Dockyard to develop liquefied CO2 carriers
https://www.bab****international.com/news/bab****-partners-with-hyundai-heavy-industries-and-hyundai-mipo-dockyard-to-develop-liquefied-co2-carriers/
when on the page, go to News and the article is there!