Member Info for RENE_to_40p

Today: Liberum reiterates buy with a target price of 350p.

Well, Leberum agree with me. Ha ha.

I hear you doni and I share your pain. It is very frustrating to have a complete news blackout.

I think the board's position is clear, they're not going to announce anything until the full review is complete in May. And in the meantime they have purchased shares which tells me all I need to know. They're not going to comment on daily share price movements.

Right, it's 242p as I type so yesterday's fall clearly had no substance behind it whatsoever. The market makers are having a laugh with this share in the news vacuum.

It's my understanding that when Lockwood took over Cobham it was a basket case compared to BAB. I see no reason for a RI here and I still believe this will soon gap up to November levels (350+)

mark550,

BAB is in the midst of a news vacuum at the moment as the market awaits the result of the new CEO, David Lockwood's review of all operations. In this space now there are competing rumours, one of a rights issue and one of a takeover. The former is baseless and I believe being perpetuated by the people who are behind the short positions that are currently open, the latter is a distinct possibility based on previous recent takeover attempts (read actual RNSs). I don't want to see BAB taken over, I want it to continue as a great British company and I have every faith in Lockwood to deliver. Rights issues aren't his thing, but what we do know is that the directors have recently bought shares (see RNS), so have big US institutions (including Goldman) (see RNSs) and Lockwood is steering the ship in the direction of cutting out the loss making aspects (hence current sale of offshore helicopter business) and complete accountancy transparency. So it is my firm opinion that soon the shorters will have nowhere to hide and that we're in for a swift adjustment back to November levels of 350 very soon.

What will it be worth in a year's time? My guess would be somewhere between 500 and 600.

Totally agree gssvejk, because you can quite easily set up a load of noddy companies and use them all to short at 0.49% and get round the rules that way.

Yes, it's been a loss-making drag on BAB and they've been stuggling to offload it. Great news they have found a buyer.

They've been hovering either side 0f 0.50% for ages. That's the threshold for whether or not you have to report your short position and every now and then they up it or drop it by a tiny fraction of a % to appear or disappear from the list you see online. See shorttracker.co.uk for a clearer view, if you're interested.

It seems like people are going to extraordinary lengths to continually try to bash BAB. Boatman, which reads like a disgruntled former employee, these press stories that appear to bash it as soon as it goes up "too far". It really feels like an orchestrated attempt to keep it down. I don't know the reasons behind it, but even Boatman conceded there's actually nothing much fundamentally wrong with them. Maybe it's a concerted attempt to keep them down pending an attempted buyout. Who knows.

What's fantastic is that Lockwood is clearly commited to complete transparency so as soon as he reports back the market will have certainty going forwards and this can start to trade like a normal share, rather than some crazy AIM gamble.

Lockwood will make BAB great again or line it up for takeover. This is a gift at these prices.

It really is just old news being regurgitated, there is nothing new in there whatsoever. I concur with the other posters here that it's just a blatant attempt to knock the share price.

The facts are that recently:

1) the CEO and two other senior directors have purchased shares (see RNS)
2) US investment companies (including Goldman) have been building sizable stakes (see RNSs)
3) the company has been winning significant contracts (see company website)

Would 1) and 2) really be happening if the company was in trouble and a rights issue was on its way? Er, no, Sherlock. Those are the FACTS, anything else is pure conjecture.

The company has been very clear that it is not saying anything until May. It's inevitable that with a timespan like that before the company updates the market, wild speculation will happen and people will try to push their own vested interests.

The fact it's back up again today just goes to show that yesterday's drop wasn't down to corporation tax, or profit taking or rights issue fantasy stuff, IMO it was exactly what I said, just the shares being manipulated to allow someone in or out at a discount price. OK, yeah, maybe a bit of profit taking among the people the MMs scared off. BAB is like a coiled spring and each time they knock it back it twists it up another turn. When it goes, it's going to go big.

and it will be £3.50 before the end of March. Call me out on that in April

"Totally collapsed" is a bit strong. It's 8p down at worst. Filling a big order, I reckon. I bet we see an RNS for another institutional purchase before the week is out, either that or final shorts closing.

Would anyone care to speculate about when dividend payments will be resumed?

Only just reported but short positions have been reduced by a further 0.20%.

The RNS was notable today too, being a US based institution buying more stock and building a considerable position.

This will be £3.50 in no time.

... except Barclays target price isn't 270p, it's 145p

Agree 100% PF. Either absolutely shameful or absolutely incompetent, those are the only two options.

None. Next stop 350. Briefly, before kicking on

It'll be interesting to see if the remaining shorts have now closed. I think the list refreshes in the morning.

This recent movement north shows what an utter laughing stock the Barclays "analyst" was with their joke target price a few weeks ago and makes it feel more and more like it was an outright attempt to help out friends who were short. We will never know.

Get yer candlesticks out boys and girls