Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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There's tonnes more legs to go on this, am gonna sit on it till next year unless a great profit is to be had this year and it reaches 3.5. Results day may boost it further. Wish I had more money to hand, I was itching to get some more in at 2.70 but happy with my lot still
Trimmed a bit still riding
Come back in 10 years and this stock will still be about 300p
Going back to where it was after the the interest rate rises. Couple of good contract wins recently so well on way back to 320s and beyond. People getting in on the 270s looking smug right now
Fortuitous indeed - up 10% on fresh air now itching to trim has a stop just below £3
Looks like good timing, Mary. I almost bought back in myself last week for a trade, but trying to keep enough dry powder.
So many potentially good deals right now across the market.
I would rather that they had not mentioned the dividend at this point. IMO, better to get that contract dispute settled first. As I alluded to when the last update was released, I am not sure it would be wise to poke that bear if the decision does not go in the company's favour. IMO, better to eat the loss if needed and focus on winning new business, with better cost management/forecasting.
It would delay the reintroduction of a dividend, I appreciate that, but with this type of outfit, it is surely all about a long term vision and horizon?
Still on my watch list though, although I appreciate that I may not get a satisfactory entry point now. GLA.
Great time to be in at these low prices. With the potential of dividends being reinstated from next year, all looks a lot better. Am still accumulating where I am able to
Time to take a position again. Tranche 1 yesterday. So much potential.
Results 20 July
That could be it, although I was of the impression that debt had significantly reduced to circa 350 million before op leases which for a company that size with that many projects seems quite manageable and much of the debt is at fixed rates. Pension deficit may be a factor.
I don’t know but they seem to be burdened with a lot of debt and interest rates have gone up yet again.. Not sure how the higher interest rates affects the financial position on their pension.
appreciate the market looks rubbish at the moment, but bab**** seems to be selling off more than most. if it had a overly large market cap i would understand - would be interested to hear thoughts why the downtrend? of course it could just be a cyclical movement.
while defence spending is not going up the war in ukraine was met by bab**** being much better aligned with the customer and therefore more likely to prosper. also they have exited large proportions of the loss making, capital intensive helicopter business which in today’s world would have come under interest rate pressure. they are about where they were when i left 10 years ago. the share price was £12.50. i think we can realistically hope for £5 a share price in the next 18 months.
A difficult share to call right now in my opinion. On the one hand we have a competent management team and the Ukraine war which you would think would result increased defence spending but on the other hand hand you have western governments being skint, debted up to the eyeballs, all against a back drop of rising inflation and increasing borrowing rates.
Good appointment with BAE links.
https://uk.sports.yahoo.com/news/bab****-international-best-value-stock-053000125.html
Full steam ahead now here's hoping
I was pretty pleased with the outcome today. The update was certain to cause some people to capitulate given the size of the possible provision and the uncertainty. More the fact that £600m of work has been recognised so far with no margin to show for it but I think and hope the team in charge are on top of these things now as they weren’t in the past. With debt massively improved, dividends surely now certain for FY 24, it should be looking a lot brighter going forward. You can’t compare the companies financial situation now to what it was 3 to 4 years ago. So great to see the SP come back positive on the day despite the partially bad news in the release.
I would imagine that if the MOD is in breach of contract, then arbitration will rule in Babs' favour. If the company does lose, I am not sure it would be wise to further pursue the MOD on this matter, but anyway, better to wait and see how the arbitration goes before looking further ahead IMO.
Surely, if the Type 31 contract states that the customer must pick up any extra inflationary costs, Bab**** can sue the MOD for specific performance of the contract. I'm not happy with the idea that, having failed in arbitration, the company will just take the £100M hit on this.
Hopefully that is finally the last of the bad news out of the way as well, surely?!
Given the stronger than expected cash performance and further de-gearing of the balance sheet, the Board expects to reinstate a dividend in FY24
*since* how dunces came up out I don’t know!
Do any of you guys have any knowledge of how the Bab pension deficit may have faired dunces the last results. Could this high inflation, higher interest rate environment made a material difference to the pension / debt figures?