Babcock Share Discussion Threads

[fitton] 09/9/2020 07:23

1spotter - Excellent post

[ptonks] 08/9/2020 13:24

Thanks, fitton.

[minerve 2] 08/9/2020 10:33

ptonks

If you had backed your opinion with decent rationale I might respect you for your stance. But just because you've backed red at the roulette table and red has turned-up means nothing.

In this environment equity pricing rationale has gone out of the window. There are concerns over UK incompetence and its debt - thanks to Brexit (say no more about that one). There could be good value here. I am going to wait and see about whether there is a rights isue first before making further judgement.

[poikka] 05/9/2020 20:45

I might have agreed with you, min, except that they're no longer paying a divi.

[rdh21] 20/8/2020 11:04

No idea where they get a potential equity raise from. The company have paid down debt every year for the last 6 and cancelled this year's dividend to that end, they have good FCF, no growth plans as MS mention and good order book visibility providing future cash flow certainty. Why would they need more money? To deleverage? They mention earlier in the article the covenants aren't being tested at all?

[suetballs] 20/8/2020 10:53

Thanks Minerve.

Mr Bear - 40% downside and an equity raise. Yippee and no dividends.
I'm still a modest bull at this level but how full will the kitchen sink get when the new CEO gets his teeth into things.

Suet

[minerve 2] 19/8/2020 13:12

Spending government coffers on stupid meal schemes and all that. Ridiculous.

The idiots who choose to eat out are going to eat out ANYWAY and the rest who are so skint-minded to risk eating out for a £10 voucher will stop as soon as the scheme ends so it isn't sustainable.

I don't know why people think the chancellor is clever, he is just as stupid as the rest IMO. Naive to the extreme.

[rdh21] 19/8/2020 09:58

This is what happens when you don't issue a shred of guidance, brokers jump on it. Morgan Stanley's 290p value is ridiculous, on last year's dividend that's 11% return from a company with an order book thats 5x their annual revenue. Fill your boots.

[suetballs] 19/8/2020 09:37

Somebody must be getting their slide rule out.
Cheap as chips now.
Suet

[smcni1968] 18/8/2020 18:09

Another tumble!

[minerve 2] 18/8/2020 11:10

Anything better to put in your pension fund then suet? :)

[suetballs] 18/8/2020 10:04

Greater Manchester Pension Fund takes 3%.
Don't think I would want this in my pension fund - but the advisers will know best.
Suet

[minerve 2] 17/8/2020 14:17

There were also questions over the imminent tender for two 40,000-tonne vessels, required to supply the Royal Navy’s two new aircraft carriers, with food, ammunition and other supplies. The Royal Navy recently indicated these vessels could go out to international tender, despite substantial industry and political pressure for the bidding to be limited to UK-based companies. - FT