Are ESG funds about to bite the bullet and invest in defence?
From the article
"Labour MP Alex Baker, who represents the military constituency of Aldershot in Hampshire, highlighted the issue in a lettersigned by 100 parliamentarians and sent to fund managers and banks last week. “For the United Kingdom to both support Ukraine in its hour of need and ensure defence of our own nation, we must rethink ESG mechanisms that often wrongly exclude all defence investment as ‘unethical’,” the letter, signed by 96 MPs and six members of the Lords, said." |
Link to the mail article |
Once the income starts to pour in hopefully. on the next update that will bring the financials down considerably and they'll be a re rating. upwards. and I'd have thought 20 pound is a realistic figure to look at for the time being. |
Phil,But should the AUKUS deal get Trumped, surely that would just mean that a greater proportion of the UK (increased) defence spending will be to BAES in maintaining the subs design and build capability? i.e. so not a reduction and now as an even greater requirement given the US potentially pulling away from supporting Europe. An ongoing increased cap and the realisation of the end of the peace dividend is the main point here.I suspect Fridays close will soon be seen as the re-trace potential investors hoped for, and will pile into. |
Hi Phil, reposting your links here: |
"Nato is in tatters – Britain’s security pact with the US and Australia could be next"
Survival of Biden-era submarine deal in doubt as Trump wields the axe on foreign alliances |
That is the kiss of death for this stock then! |
Daily Telegraph 'Questor' buy tip
Enormous share price gains have trimmed this firm’s dividend, but that’s about to change
Rising military spending is set to boost the company’s shareholder payouts over the long run |
Hope the US doesn't require reciprocal support if it comes to taking on China or any other forays in the future. That's what allies were supposed to mean was it not. |
Chief
"Not decided yet. Asia or Southern Europe current faves.
Probably spend the first few years travelling around the world"
Asia is not bad - been all over Asia in my time.
Singapore fabulous - if you can stand the humidity. Low taxes, clean, no messing about regarding litter, anti social behaviour etc etc.
Rental prices eyewatering though.
And the humidity! All year around.
Ozstralia always a good bet, Thailand too. Hong Kong pretty good, although again rental prices are very high closer in. Shanghai if you're feeling a bit more adventurous!!!
A year or two travelling around the region definitely in order. And if you travel around the world for 2-3 years that makes you a "permanent traveller for tax purposes if you have no fixed abode!!"
Not been to Southern Europe myself(meaning to go to Portugal at some point)
My preference is to head West.
Americas - USA, Mexico, Uruguay, Argentina.
Enjoy
:) |
US cuts intelligence sharing with Kyiv |
Rod
I think the guy sat in a seat flying is over, one way traffic guided from above is being used now. QQ. looks agood bet. |
Interesting Ribble - future Typhoon procurement.
We know of one country who was / is interested in 48 more.And would the RAF want more? Perhaps they'd prefer F35 if they have the aircrew. For an aerospace company I just hope they flog something soon. |
Not decided yet. Asia or Southern Europe current faves. Probably spend the first few years travelling around the world. |
The future of the UK’s combat air capability is under scrutiny as the Ministry of Defence (MoD) considers the export procurement of new Typhoon jets against the potential cessation of Typhoon final assembly at BAE Systems’ Warton facility, and the retention of skilled workers for the Global Combat Air Programme (GCAP). |
Chief
Where you emigrating to? |
Eyes are wide open. Watch and learn when it all comes tumbling down.Meanwhile, must say BAe had a good day. Long may it continue. Good luck all. Make hay whilst the sun shines? |
Melody
AVON a good bet as Trump and Vance will need to wear their bullet proof suites. |
Agreed.An artificial boost (which is why our GDP per capital is on the way down).My mate is convinced we'll have to call the IMF in but I can never see it happening. Sadly.The only way we'll make meaningful cuts is if it's forced upon us. Tories/Labour simply incapable of doing it. They can't even control the civil service let alone our borders (or anything else). |
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