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Anyone that has seen management, and I have met some, will understand why the share price is languishing and has gone nowhere in years. Not only is it already a heavily indebted company so share buybacks may even be counter productive, if the best idea management have is to invest capital in a share buyback they should be replaced with others that offer greater vision.
Not sure it matters in this case. Correctly me if I wrong, but Cairnie has been buying all the way down from c. £5 per share. Lockwood has a poor history running companies so when he bought babs shares last time it had no impact.
Hi Does anyone have an idea where this share price is likely to bottom? Babs has no tangible net assets (its all intangible goodwill) so the balance sheet is not much help. Looks like management action is going to be needed but not sure what they can or are looking to do to help get the share price up.
Yes they do need a recovery plan. How can they continue ignoring markets when after TEN years babs share price has been trending down. Mr G has a point about management - the new CEO is unlikely to change that.
It may about to get worse for babs on the future trading front too if the Telegraph article "Dominic Cummings puts the MoD and defence sector in his crosshairs" is anything to go by.
Thank you Lionheart. You seem to know a lot about this company. Are you willing to share the buy case for Babs? I know it has a strong order book but that has not stopped the share price falling consistently these past ten years.
It may or may not have been deferred. One's post makes no sense. Babs also failed to give any earnings guidance. However you spin the evidence, this is not a company with earnings and dividend visibility despite what its order book might suggest.