Bae Systems Share Discussion Threads

[2vdm] 17/8/2023 09:09

So why the drop in sp?

[ribblewader] 17/8/2023 09:08

Ball Aerospace is a Space and Defence technology leader

Ball Aerospace is a leading provider of spacecraft, mission payloads, optical systems, and antenna systems with decades of proven success underpinned by world class advanced technologies. They have trusted customer relationships among the Intelligence Community, US Department of Defense, and civilian space agencies. The business has been a pioneer in its markets for many decades and is organised into four main divisions: National Defense, Tactical Solutions, Civil Space, and Advanced Technology and Information Solutions.

The business operates across a broad base of customers and platforms. It is well positioned in highly attractive markets, military and civil space, C4ISR, and missile and munitions. The space market exposure extends across positions in defence, intelligence, and scientific missions. The Tactical Solutions business is well positioned to capture expected increases in demand for missiles and munitions.

The business is headquartered in Colorado, with more than 5,200 employees, of whom over 60% hold US security clearances.

[ribblewader] 17/8/2023 09:06

17 Aug 2023
BAE Systems plc (“BAE Systems” or the “Company”) announces that it has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business from Ball Corporation for c.$5.55bn in cash, subject to customary closing adjustments. The proposed stock transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of c.$750m making the underlying economic consideration for the business c.$4.8bn.

[squidsgone] 17/8/2023 09:02

... and confident enough to continue with the announced buy-backs.

[ashbox] 17/8/2023 08:59

The acquisition is to be paid for by a combination of existing cash and new debt, no rights issue.

[mj19] 17/8/2023 08:57

BAE Systems, an aerospace company, announced that it has agreed to acquire the Ball Aerospace business from Ball Corp for 5.55 billion dollars in cash. The company said the proposed stock transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of 750 million dollars making the underlying economic consideration for the business 4.80 billion dollars.

[zambpom2] 17/8/2023 08:10

I'm recently new to this game, so someone help me. This deal sounds like an awful lot of money... are the shares down because of the prospect of a rights issue?

[mngf] 17/8/2023 08:10

Debt funded which is a slight issue these days

[ayl30] 17/8/2023 07:20

So what's the views on todays acquisition then, seems sensible to me?

[northernhills] 16/8/2023 08:26

Defence and Security Equipment International (DSEI) returns to ExCeL in London this year from 12-15 September.

[bitcoin tosser] 10/8/2023 11:33

all about Typhoon order - if Saudi green light then £15 coming

[geckotheglorious] 10/8/2023 11:30

PJ
Oh its Neily675

Yep he must be the down ticker. Strange how "His post" doesnt get one but the rest do.

And Neily675 has form for such on other boards

[pj84] 10/8/2023 11:04

Ribblewader have a look at post 4919. As I say it could just be coincidence.

[ribblewader] 10/8/2023 08:32

rech, I think Tournesol is correct. I notice it on many, but not all threads and you have been awarded one for 4926! Mind you, I tend to agree that 4926 deserved it in this instance.

[rech] 10/8/2023 07:45

Let's test tournesol's hypothesis.

A woman comes of the golf course and says to her friend, "I got bitten by a horsefly"
Her friend - "where?"
"Between holes 1 and 2".
Her friend says "I've told you your stance is too wide"

[pj84] 10/8/2023 00:00

tournesol that was my original thought for the reason you post, however, you don't need to look too far back, just the previous page, to see not every post is down ticked. And just as we can't up tick our own post, they probably can't down tick their own post even if they wanted to. As I say it could just be coincidence.

[tournesol] 09/8/2023 23:34

The single consistent downtick appears on a number of boards. So think it's some kind of bot.

[pj84] 09/8/2023 23:17

I must admit I wasn't expecting to get any upticks for just copying and pasting an article with a mildly positive broker target but was surprised at the downtick.

But then I noticed that every post appears to get a downtick and wondered whether it might be some automatic programme down ticking every post. But I noticed one post from a blue premium poster that wasn't down ticked and decided to look back a bit further and decided to stop when every other post since March has had a downtick.

It may just be a coincidence or it may be an individual with a very strong dislike of what BAE do, which is fair enough and I would rather live in a world where the last world war was really the war to end all wars but unfortunately that hasn't happened and doesn't look like becoming a reality anytime soon.

[pj84] 09/8/2023 19:33

Deutsche Bank raises BAE Systems target price

Following the ‘better-than-expected’ half-year results from defence company BAE Systems (BAE) last week, Deutsche Bank analyst Christophe Menard has reiterated his ‘buy’ rating and raised the target price from £10.90 to £11.40.

The adjusted figure reflects the increased earnings, pre-tax profits and free cash flow guidance that implied 3%-5% upside and the extra three-year £1.5bn share buyback programme.

‘The jury is still out on possible M&A, but both the scale of the buyback and BAE’s commitment to remain disciplined on prices should ensure that the company approaches any transaction conservatively,’ Menard said.

Shares in the Citywire Elite Company nudged up 0.2%, or 1.8p, to £10.25 on Tuesday.

[squidsgone] 08/8/2023 09:18

Ohdear,Can I ask what other Typhoon orders you are thinking might land before the end of the year?

[neilyb675] 08/8/2023 08:21

1027.00 - 1027.50 (GBX) at 08:21:14
on Market (LSE)

[rodbender1] 07/8/2023 14:38

True. Many possibilities. Anything and everything will do. But for me it's the 'one' I have been holding for and the closest it's been from what I can see.