Babcock Share Discussion Threads

[charlie360] 20/1/2021 18:32

@Minerve2 is that not bordering on insider dealing, as you say they appear to have an information advantage over us mortals, to make buying decisions? Though they'd never admit to it obviously.

[minerve 2] 20/1/2021 18:22

Please give me the rationale as to why you think they are a basket case.

No hurry, I won’t hold my breath.

I guess I should be buying Tesla, eh? :)

[minerve 2] 20/1/2021 17:53

ptonks

Investors do have things called watchlists. Strange to be consider a “silly old duffer” when I am 53.

Investing is my business.

[minerve 2] 20/1/2021 17:41

Yes, this is just crass behaviour by the BOD.

‘They’ announce that there will be balance sheet and income statement reductions and we will not know the magnitude until May yet they seem to have enough information between them to buy confidently at today’s price?

I bet they are not buying blindly and so as shareholders we should have this information too.

This puts me off.

[rogerrail] 20/1/2021 16:46

Or perhaps they are trying to solicit a takeover on the cheap! No doubt all large companies will probably have a few accounts "anomalies" if you look hard enough, usually not significant enough they cant cover them up with accountancy "speak" at the next annual report.

[ny boy] 20/1/2021 16:46

From a technical perspective a nice bounce off Support1 @197p

Don’t know enough about the financials apart from an increase in the debt mountain, I will watch over the short term to see if 197p holds

Supports Support1: 196.70p Support2: 163.65p

[imastu pidgitaswell] 20/1/2021 15:59

So now the conspiracy is that the announcement was actually management trying to get shares on the cheap?

;-)


Wish you well with it - still not convinced to be honest. But never say never...

[schroedar] 20/1/2021 15:52

Thx Sooty.

Unlike some people who post nefariously, I do actually post honestly, on a timely basis and what I believe.

[sooty snipes] 20/1/2021 15:46

schroedar. I have to say you have great timing sir!

[davidbennett] 20/1/2021 15:29

Good good. Hopefully a run back up to more sensible levels. 225 would be a good start.

[danb45] 20/1/2021 15:09

Yes fair point well made, agree it's a good sign GLA

[schroedar] 20/1/2021 15:07

I did, 200k of the little babies. I can punt freely, magement cant. They are stuck holding. It is however an excellent signal

[danb45] 20/1/2021 15:05

I think you bought a lot more though...

[schroedar] 20/1/2021 14:59

So managemnt have waded in.. Good to know I'm on the right side of the trade

[pepepepe73] 20/1/2021 14:41

@charlie360, it depens on how many shares are issued. If you double the shares count ....

[devilliers] 20/1/2021 14:40

I am still hopeful that we end the day above 200p . Would be nice

[schroedar] 20/1/2021 14:27

Not sure I see the necessity of a RI.

After all the inevitable b/s writedowns are accounting not cash so the real issue is not how many unprofitable contracts they are stuck in but how many of them also consume cash. Unfortunately, the history of Carillion, Kier, Serco, G4S, Interserve, Petrofac, Keller, Mouchel etc means that the City is savage in marking down long term contract uncertainty.

My current judgement is based on the fact that a defence contractor is too important for the Government not to support through modified contracts. For all we know, Lockwood's used the RNS to get their attention

[charlie360] 20/1/2021 14:26

@jotoha2 a couple of thoughts on that. Firstly if the price really is going down to half the current cheap value, then it might even value the company at a year's worth of underlying operating profit and also if that is the case why aren't the shorters all piling in again, there's profit in that for them?

[jotoha2] 20/1/2021 13:57

If the balance sheet needs to be supported , then a much discounted fund raise will happen, which always means further dilution , this is not a company with future increasing profits in sight , so again share price will suffer , after the DCB I expect a drift to £1 following around £600million fundraise , they will not allow this company to fail , so money to be made , but not as yet.

[schroedar] 20/1/2021 13:44

Unfortuantley PLC CEO's are mainly politicians and self interest merchants first

[pepepepe73] 20/1/2021 13:28

@schroedar, I disagree.

Some value has been destroyed as (1) NAV is gonna be reviewed down ot (2) new shares are gonna be in place.

Last week shareholders must be really offended with latest trading update.

[charlie360] 20/1/2021 13:27

@schroedar, true, but what if there is a low ball bid for the whole business triggered by low share price which may force small shareholders into a sale if the majority holders are tired of the ceo and accept ?