Bae Systems Share Discussion Threads

[fuji99] 03/12/2024 13:04

Again, labour reducing and delaying defense spending while others are arming to the teeths as Russia is becoming more and more dangerous and unexpectedly volatile.
This labour will not only bankrupt the country but transform it into a defenseless lamb in the middle of woolves.

[fuji99] 02/12/2024 14:48

There could be deals in this NATOEDGE 2024 starting from tomorrow in Florida.

[rodbender1] 02/12/2024 14:29

I think £14 after Starmer's visit to Saudi later this month. This from FT:Speaking at a London Defence Conference event on Monday, UK defence secretary John Healey told the Financial Times that “there have been detailed discussions between the four nations for some time”, but stressed: “There’s more work to do.”

Sir Keir Starmer is expected to discuss GCAP when he visits Riyadh later this month on a Gulf tour aimed at driving investment into the UK economy.

[fuji99] 02/12/2024 13:39

There is a lot of support around the level where we are now or around 1250p.
Expect a forming spike upwards as shown on the 3 highest spikes from end of August.
We could be heading to £14.

[wad collector] 02/12/2024 13:30

1220p seemed like a good adding point on Friday just before the close. You wonder who Trump will be bringing into the White House next ; will he invite Putin to review the Defense budget ?

[fuji99] 02/12/2024 10:14

Citi reiterates 'buy' rating on BAE Systems.

Strange that an "underperform" from Bnak of America sunk the shares 4% while a "BUY" rating from didn't have any effect.
This shows - as Trump love to say - Everything is crooked.

Mon, 02nd Dec 2024 08:14Sharecast News

(Sharecast News) - Citi reiterated its 'buy' recommendation on BAE Systems on
Monday after the shares slumped on Friday on the back of a downgrade by Bank of America Merrill Lynch.

Citi noted the shares fell around 4% "following a competitor downgrade that, we understand, highlights the risk to the US Defence budget following the creation of DOGE (Department of Government Efficiency)".

Citi said that while it understands these concerns, BAE Systems has similar expected profit growth to US peers, better free cash flow conversion, less exposure to the US DoD - therefore less risk from DOGE - and a much lower valuation, at 14.4x 2024 EV/EBIT versus the average 17.7x.

"We therefore conclude BAE Systems is a more attractive, lower risk investment and reiterate our buy recommendation," it said.

On Friday, BofA ML downgraded its stance on the shares to 'underperform' from 'neutral', citing the risk of potential US government spending cuts overseen by Elon Musk.

[fuji99] 02/12/2024 09:52

BA. well regarded in the US.

[ribblewader] 02/12/2024 08:35

The Company is recruiting for more than 2,400 new apprentice, undergraduate and graduate roles in 2025, which will result in a record number of 6,500 in training, making up approximately 15% of its UK workforce.

An anticipated £230 million investment in education and skills next year will take the total amount spent on upskilling people across the UK since 2020 to beyond £1 billion.

The funding, which has grown year-on-year since the COVID-19 pandemic, is spent primarily on UK apprentices, graduates and experienced employees, as well as education outreach, helping to build on the Company’s reputation as a leader in growing the nation’s industrial skills base, whilst also contributing to local and national economic growth.

[s2lowner1] 30/11/2024 09:35

Could it be something to do with Elon Musks preference for drones over F35 fighter plane?
hxxps://www.msn.com/en-in/news/world/us-deadly-fighter-jet-f-35-wreaked-havoc-in-iran-still-it-is-called-useless-elon-musk-calls-its-makers/ar-AA1uNvTE

[melody9999] 29/11/2024 20:47

Blender 5725. “We see growing uncertainty around the impact of the Department of Government Efficiency on the US budget,” BofA.

And they are probably right. But googling DGE just brings up their mission to cut cost by reducing staff and bureaucracy.

Is there something else BofA state that reflects more directly on defence spend and/or BAE?

[fuji99] 29/11/2024 16:22

This is because someone at Bank of America wanted to buy very cheap.
Otherwise is there any logic in downgrading a company that is upgrading its numbers ?
Either this is a younster amateurish or total stupidity.

[s2lowner1] 29/11/2024 15:59

Down over 6% on the day

[rech] 29/11/2024 15:53

Well oversold now. Expect it to retrace towards 1340 by mid December.

[s2lowner1] 29/11/2024 15:27

All the biggest trades seem to have been this morning yet the price continues to drop
Lots of small AT trades

[blender] 29/11/2024 14:52

“We see growing uncertainty around the impact of the Department of Government Efficiency on the US budget,” BofA.

[s2lowner1] 29/11/2024 12:02

now trading below 12.40 looking at the trades on sharescope all the big trades were before 10.40 am and OB or UT. Biggest trade 200,000 shares at £2,490,000

[pal44] 29/11/2024 11:36

And this has shaved off how many Bs of its value today. Very clever move by the yanks

[skinny] 29/11/2024 11:06

FWIW :- Bank of America cuts BAE Systems to 'underperform' - price target 1,240 (1,375) pence

[mr euro] 29/11/2024 09:19

Yep. Bought the dip.

[smcni1968] 29/11/2024 09:05

Downgraded by a broker

[ribblewader] 29/11/2024 08:42

The first steel has been cut for the UK’s newest warship, HMS Sheffield, at BAE Systems’ Govan shipyard in Glasgow. 27-year-old Apprentice Fabricator Burner, Michael Miller, carried out the ceremonial act.

This marks the official start of construction on the fifth of eight City Class vessels and is a significant milestone for the programme and British shipbuilding. Minister for Defence Procurement and Industry Maria Eagle attended the ceremony alongside a range of senior dignitaries from the UK Government, armed forces and industrial partners.

[anhar] 27/11/2024 11:03

...He added the Citywire Elite Companies AAA-rated defence contractor to his £276m Henderson High Income (HHI) investment trust...

High Income IT? The 24 and forecast divis for BA. are 32.33p and 35.30p. So at 1,290p the forward yields are 2.5% and 2.7%. Both well below the FTSE100 levels so I don't see how the share could fit with a High Income strategy.

[bartyb] 27/11/2024 01:22

Rolls-Royce Corp., Indianapolis, Indiana, is awarded a $695,336,976 firm-fixed price, indefinite-delivery, indefinite-quantity contract. This contract provides sustainment support, program management, integrated logistics support, sustaining engineering, maintenance, repair, reliability improvements, configuration management, and site support for the MV-22, CV-22, and CMV-22, AE1107C engine. Work will be performed in Indianapolis, Indiana, and is expected to be completed by November 2026. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was not competed. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity (N0001925D0002

[tournesol] 26/11/2024 23:36

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