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Sadly it’s MF which blows with the wind. I hope what is proving to be a dog of an investment’ actually does head in the right direction. Simply Wall Street gives it a fair value of £3.81 in 2025, now that would be good, but I’d not bank on it
Just to jump in, sorry with a view on mortgage or not. As we age there’s always the possibility that work stops unexpectedly, being in the position to not have a mortgage provides a comfort blanket that’s irresistible. In terms of Maslow’s hierarchy of needs, roof and food are your base layer, everything else is a bonus. I was hit 7 years ago with mortgage and not a small one. I never expected to go from good numbers to zero! Having the house paid up would have removed lots of stress. To retain a mortgage after a low rate deal expires is a very personal decision, who knows what the rates will be in 25, but I personally don’t see them being below 2.5% again.
When you look at what is a 65Bn order book that's going years into the future, arms being pumped into Ukraine, the middle East and the woeful defence budget spend in NATO as a whole this could really pop and delivery needed to be geared up. If you think that say the UK defence budget needs to double to counter our small navy and airforce, BA, RR & BAB should do well. SO to answer your question BA target price of + 30% on todays prices given the war drums beating as they are
More a concern that the current undercurrent of world events boils over. Certainly the MSM are beating the war drums, but little sign of any significant western increase in defence spending, though it could potentially be being kept quiet.
EDF win all ways at present. They’ve charged us heavily for a French design that’s full of delays, whilst it’s offline they sell us very expensive electric through the European interconnection. They’ve also recently shut down most of the UK’s remaining reactors due to a plumbing fault in one cooling plant, a precaution that we pay heavily for through the European interconnections! Why we’re doing such bad business is xxx anyone’s guess? Answers on a post card
Bab seems to have got through its bad days. I first bought in about 3 years ago along with Bae and RR. Bab is 72% up so far on that branch of investment, Bae even more! I did a lot of research and thought It ought to be a very much more valuable company and it’s slowly heading back and a lot more to come as I see it. Value others views though