Babcock Share Discussion Threads

[yump] 22/11/2018 16:37

I think they mean 'bull market' when looking overall at a 10 year chart.

Pretty easy to see that bull market has paused big time if not ended, just look at the FTSE indices over the last year or so.

The question is, when will the next bull leg start and is there any reason for one to start, even if Brexit is sorted. The time to pile into the market was back in 2008-2010, then in general the economic recovery supported all shares.

Now, the shares have to support themselves in a very competitive world.

Perhaps we are in an era of "large businesses can only get smaller", as their markets are much less easy to defend in a global economy than they were say 30 years ago.

Unless you control everybody's internet search results of course.

[oriana2] 22/11/2018 16:22

.....my view exactly.

[dr_smith] 22/11/2018 15:09

No doubt they couldn't buy pre-results and nice to see at market rate (not co share scheme with tax perks). Also, nice to see they are financially committed...but amounts look like they are commensurate with position, so maybe obligated to buy to maintain there position (as required by some co's, don't know about BAB).
In short, I am saying a good sign-post but not the ideal.
I remain a battered and bruised LTH.

[bor491] 22/11/2018 14:56

that is what i call a vote of confidence and the best way to combat shorters

[mryl] 22/11/2018 14:04

Directors buying one after the other

[minerve] 22/11/2018 11:42

SMCNI1968

That's right. But I am reading into that that the asset hasn't been written down up until now because it was seen as having useful operating utility when oil sector exploration and development recover. After the fatal Norway accident they have given it time to find out whether the 225 would be cleared by the oil sector for operations after the air safety regulators in the UK and Norway had given the green light. Obviously the oil sector seemingly hasn't, so they are reassigning some to fire fighting, impairing and selling others they own and writing off leases on the rest.

[smcni1968] 22/11/2018 11:27

My interpretation was that they were writing down the puma helicopters to what they would be worth second hand and are going to be selling them soon (from wording in the text of the semiannual report).

[yump] 22/11/2018 11:21

I have to disagree. Tying a tie is probably something they can do ;-)

[dogwalker] 22/11/2018 10:53

yes : is there not now a gap - to be filled - around 580 ?

[the patient investor] 22/11/2018 10:40

dave tx
blue soon

[yopf] 22/11/2018 10:21

I see Bab testing its yesterday's lows, at least, before a recovery

[oriana2] 22/11/2018 09:10

Thanks dave.......

[ptonks] 22/11/2018 08:28

SMCNI11968, who let you off your masters lead.

[smcni1968] 22/11/2018 01:18

why are you a shareholder Ptonks- you sound very bearish?

[minerve] 21/11/2018 18:04

™ChimpFiltered ptonks 21 Nov '18 - 17:51 - 1461 of 1461

[ptonks] 21/11/2018 17:51

Minerve,
So you were wrong to say they had a contract with the MOD 50 to 60 years into the future. How about you do some homework yourself, then perhaps you won't need to be so patronizing.

[the patient investor] 21/11/2018 17:32

guys

just read every single word here, find the words DIVIDEND also

Chief Executive Archie Bethel said:

"We had a solid first half with underlying results in line with our expectations and we have confirmed guidance for the full year. We are taking decisive actions to further strengthen the Group which will deliver benefits next year and beyond.

"We increased earnings per share, achieved strong cash generation and maintained a strong balance sheet, having reduced net debt by GBP160 million over the last twelve months. We grew our combined order book and pipeline and continued our international expansion. Following this performance and reflecting our confidence in our prospects, we are maintaining our track record of increasing our dividend.

"Our solid underlying performance reflects our continuing market leadership in technology-based engineering services, founded on our close and deep-rooted relationships with all our customers and in particular with our largest single customer, the UK Ministry of Defence. We added around GBP650 million of MOD work to our order book in the period and we welcome the UK Government's commitment to defence, reflected in the recent Budget. Earlier this week we signed a strategic 'Joint Ways of Working Charter' partnership agreement with the UK Government and MOD as part of their strategic supplier programme, which confirmed the way we intend to work together consistently and on an enduring basis.

"We are taking actions necessary to further improve the quality of our earnings and our returns to shareholders. That is why we are exiting low-margin businesses, restructuring in areas and combating the overcapacity in our Oil and Gas helicopter services business. These actions, with minimal cash costs, will strengthen the business going forward. Additionally, as a result of the Nuclear Decommissioning Authority's timing, we are re-setting our expectations for Magnox.

"Our outlook for the full year remains unchanged. Revenue growth will resume in the second half and for the year as a whole, we continue to expect low single digit underlying organic revenue growth at constant currency with improved margins. We will continue to reduce net debt and focus on delivering value to our shareholders, partly through a growing and sustainable dividend. We have excellent opportunities both in the UK and internationally to build on our strengths and I am determined to build on them."

Archie Bethel

Chief Executive

COME ON!

[minerve] 21/11/2018 17:02

In that article:

"If your contract is to support nuclear submarines literally out to 50-60 years YOU HAVE GOT A CASHFLOW SECOND TO NONE"

He is right.

Stop the fretting, it is really getting silly now.

[ptonks] 21/11/2018 16:52

Oh bad luck yump, me too.

[yump] 21/11/2018 16:47

tpi

I'm an investor.