Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I suspect that shorts increasing their positions in July anticipated less than stellar news in the August update .... this could well be their last chance to really screw the price down for a while and getting it sub 250 earlier on might signal a good point for exit.
The MOD has deliberately broken up BAe's shipbuilding monopoly. It's unlikely to wave through a merger that re-established it especially to a player that has been sucking very, very hard on the MOD teat.
Where are share is shorted there always seems to be a wave of coordinated selling immediately after any kind of company news that is less than 100% positive .... so you get disproportionate downward moves of the kind we saw this morning. I think someone has already made the comparison with BP's announcement and share price rise today.
Indeed, takeover by BAe or non-US foreign company out of question. Government might even be sniffy about a PE takeover with a UK flag of convenience - unless one of the Principals was a Tory party donor of course.
Gradual acceptance that the helicopter acquisition was a total turkey - now partly reflected in this year's belated writedown. Some concerns about accounting that have been fanned by short sellers / boatman. Concerted shorting which has accentuated down trends . Uncertainty about defence expenditure. That said the current price does look ridiculously cheap.