Member Info for Babbler2

Less than a week to go until results are announced. Hopefully see a rise in anticipation until then :)

The spread is 57%... so not as great as it looks.

http://www.baesystems.com/Newsroom/NewsReleases/autoGen_11112111317.html

BAE Systems Announces New Commercial Aircraft Business Building On Successes In 2010 BAE Systems announced today new aircraft transactions from its regional aircraft portfolio and a strong performance across all of its regional aircraft business sectors during 2010. Commenting today on this business performance, Managing Director of BAE Systems Regional Aircraft Alan Fraser, said: “In a highly competitive market, we have shown our resilience and determination to deliver quality support, engineering and asset management services to our customers during 2010 and, as a result, demonstrate excellent value to BAE Systems. We look forward to creating new opportunities during 2011 which promises to be an exciting year on a number of fronts.” Across its core portfolio aircraft business, the Asset Management team of Regional Aircraft placed 52 aircraft, up from 44 in 2009, and despite continuing difficult market conditions. Of these, 45 were for the BAe 146/Avro RJ regional jet, where BAE Systems significantly outperformed the market, with an estimated market share in excess of 75 per cent despite only managing around 40 percent of the global fleet. New 2010 deals announced today include the sale of two BAe 146s to Cobham Aviation Services of Australia, the sale of one Avro RJ100 to Titan Airways of the UK and one BAe 146-200 to fast-growing Aerolineas Star Peru. A further two BAe 146-200s were sold for conversion into aerial firefighting waterbombers (Airtankers). The remaining seven portfolio aircraft placed were Jetstream 32 and 41 regional turboprops. A new deal announced today is the sale from the portfolio of two Jetstream 32s to Air National of New Zealand. In the Support business despite an increasingly competitive market for continuing spares sales and modifications, the team delivered an excellent performance throughout the year. In addition, the JetSpares rate-per-flying hour product also performed well to deliver results ahead of business plan targets. Discussions with existing and new customers revealed their desire for a more all-embracing support service to include full supply chain management, a wide range of technical services, including obsolescence and reliability management, and continued airworthiness support. These support elements provide an integrated menu of services which can be tailored to the customer’s requirements and demonstrates BAE Systems’ continued confidence in this market. This expanded Total Support strategy led to a major contract win from Ireland’s CityJet in the final quarter of 2010.

Oil is one of the reasons we need weapons as it leads to war, and will in the future.

Im betting you meant 1p. Sorry! :)

£1 In 6 months from here? That would be impressive! Not sure - it just couldnt find the ticker code. Went for CHL instead. If this gets to £1 in 6 months I will really really regret not getting some!

Who do you suggest builds our navy's ships? Or our airfighters? Or supports our troops in the line of fire?And you say investing in any company isnt ethical - so again I ask - what are you doing here?

Tom - If you dont like defence companies then go away and stop preaching ethics on a shares website. Im sure you are ethical in everything you do. Well done. Lets just close the company down and that would lead to world peace. Other countries would take note and stop developing weapons and the world would be a flowery place Anyway - back to those who actually are investers here - article in shares mag says results should be good with a 1.2 billion reduction in pention defecit and a good dividend. Would explain the rise. It has it as a buy: Investors should buy defence giant BAE Systems (BA.) at 353p ahead of next month’s full year numbers (17 Feb) as they should reveal a substantially reduced pension deficit. Progress on the deficit could help drive a re-rating from a lowly price/earnings ratio (PE) of 8.2 times 2011 consensus forecast earnings per share of 43.2p. The undemanding valuation is also reflected in a prospective dividend yield of 5.3%. As of the 30 June the group’s deficit stood at £6.2 billion. According to broker Espirito Santo, an improvement in corporate bonds yields in the interim is likely to have reduced this by £1.6 billion. Espirito estimates there has been a 50-basis point improvement in corporate bond yields relevant to BAE’s pension assets. The situation is also likely to have been alleviated by rising stock markets – with the FTSE All-Share up 21.2% over the same period. BAE is a running Play of Week (see Plays, 11 Feb ‘10). In addition to positive news on the pension deficit, spending plans announced earlier this month by US defence secretary Robert Gates (7 Jan) were encouraging for BAE, which derived nearly half of its revenues from across the pond in 2009. Although Gates said his department would cut expenditure by $78 billion over five years he also indicated spending is likely to grow modestly in to 2014 before tapering off in 2015 and 2016. This was a better outcome than many observers had expected. Shares says: The valuation looks undemanding and progress on the pension deficit offers a near-term catalyst. Buy.

Didnt think Id get to get some at this low again... Sharews mag article again today: Even though last week’s trading statement (21 Jan) revealed 2011 profits would come in below expectations Parseq (PSQ: AIM) has not been deflected from its enviable top-line growth trajectory. A dip in the shares from 9.9p in late December back to 7.38p looks to be a further chance to buy in to the provider of mobile and online banking software, which is a running Shares Tip for 2011 (Cover 23 Dec ‘10). The £33 million cap, which specialises in outsourced customer services for a growing list of blue-chip clients, revised downwards its growth projections for revenues and pre-tax profits for the year ending 31 December 2010 and 2011. The reasons for this are threefold: delayed contracts; additional investments in sales and marketing; and a changing mix of sales, with one large license sale slipping into 2012 and being replaced by lower margin work. For 2010 house broker Cannacord Genuity has lowered its revenue forecast by 3% to £16.7 million and trimmed its pre-tax profit assumption by 7% to £2.8 million. For 2011 it has cut sales forecasts by 5% to £26.3 million and its adjusted pre-tax profits estimate by a more dramatic 22% to £4.3 million. Canaccord’s analyst Bob Liao comments: ‘Growth remains strong. The company is taking a conservative view on profits. It is also making investments despite seeing an extended sales cycle. In short, they’re taking a longterm approach that is not often seen in the market.’ Shares says: This should prove to be no more than growing pains. Buy Parseq at 7.38p.

H-L wont let me invest in here. :|

Not seen bid/ask as 0% before. Im in!

Still researching... may take a punt to recoup my OTC losses... if the deal goes ahaead (looks likely) then this could do well. Trying to find out why it dropped a while back. Hard to do at work!

This is in the times today with a small mention so should get some attention today. Broght my attention to it thats for sure :)

Agreed. Anyway, back on subject... expecting good results in feb and hopefully a solid base price from here. Interesting to see what the dividends will be.

Thanks for keeping up the posts here - been distracted by BZT and BMR. Thanks for the info on T20s - may one day use them. As for this - timescales seem to have changed a little but overall still looking good for the future.

Sold at 3.50 ish. Double doh!

Im sure you are a really ethical man and only invest in "ethical" companies. Well done. Glad you have a clear concience. When something this company developes saves your backside indirectly in the future come back and talk about ethics.

This should rise nicely today as a great article in shares mag on page 21. Read it here: http://www.sharesmagazine.co.uk/emag :)

I bet it is! :) Im sure it will be an interesting day tomorrow. May regret not pressing the buy button. Good luck!