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BA. Bae Systems Plc

-8.00 (-0.76%)
Last Updated: 14:22:37
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bae Systems Plc LSE:BA. London Ordinary Share GB0002634946 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -8.00 -0.76% 1,042.50 898,798 14:22:37
Bid Price Offer Price High Price Low Price Open Price
1,042.00 1,042.50 1,048.00 1,034.00 1,047.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft 21.44B 1.59B 0.5208 19.98 31.79B
Last Trade Time Trade Type Trade Size Trade Price Currency
14:21:54 O 287 1,043.00 GBX

Bae Systems (BA.) Latest News (1)

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Bae Systems (BA.) Discussions and Chat

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Posted at 29/11/2023 08:20 by Bae Systems Daily Update
Bae Systems Plc is listed in the Aircraft sector of the London Stock Exchange with ticker BA.. The last closing price for Bae Systems was 1,050.50p.
Bae Systems currently has 3,055,000,000 shares in issue. The market capitalisation of Bae Systems is £31,787,275,000.
Bae Systems has a price to earnings ratio (PE ratio) of 19.98.
This morning BA. shares opened at 1,047.50p
Posted at 03/11/2023 10:50 by anhar
Don't know a Typhoon from a monsoon but I've held for many years in my diversified income port with no intention of selling just cos the price has risen hugely. The key point for me is that the cash income keeps increasing nicely whilst I pay little attention to share prices.

Yield is now pretty low so I could sell and reinvest in a higher yielder to boost port income but then I'd lose representation in the arms business. Since I wish to hold shares from this sector in the port, and there's no comparable business in the UK big caps market, I remain in. Sector diversification trumps yield in this case.
Posted at 16/10/2023 09:54 by anhar
I'm purely an income investor and have held BA. for many years. Dividend growth has been decent and by chance capital growth great, especially the last couple years, though I don't hold with that aim.

The current yield as said is low, under 3% but I'm not considering selling even though I could increase my income by reinvesting in a higher yielder. I largely ignore share prices and rather consider the cash income I receive year on year. Since this has been improving from BA. I'll continue to hold.

Another important point in my strategy is diversification. To reduce risk I hold a wide range of sectors in my port and there's no other share in the FTSE100 to compare with this arms manufacturer though there is in the USA if BA. for any reason ran into trouble serious enough for me to dump it. Guns is a sector in which I wish to be.
Posted at 20/9/2023 14:57 by pj84
To add to the above, the Questor article also mentions that there are no signs of the elevated geopolital tensions reducing in the foreseeable future and on the target of Nato countries spending 2% of GDP, 7 countries met the target last year but 11 are expected to achieve that this year.

Also as the GDP of NATO countries increases so does the amount of the 2% target and Questor suggests that as interest rates start to peak around the world any resumption of growth will feed directly into the GDP targets.

So despite the recent share price increases Questor still rates the shares as a buy.

It also mentions investors have to be prepared for share price volatility and today's share price movement is a good illustration of that.
Posted at 16/9/2023 04:48 by rodbender1
I think you are right Tournesol - BAe has its fingers in so many pies from knocking out artillery shells to developing a 6th Gen aircraft. And is a 'player' in the American market which is the 'cream' what with their large defense spending.

Amazing to look back on the days when BAe were not quite such a force - when they owned Rover cars and had a stake in Orange the mobile communications people. Humble employees then got a discount on cars but the share price was as low as a pound.

The Thatcher era saved the then British Aerospace with the sale of Tornado to Saudi and now Ukraine as we know has triggered re-arming and increased spending. Today, the design and delivery of Tempest is now critical in BAe's journey. Who knows the outcome of that but with all that the share price potentially has a long way to run.

A shortcut to such a price would be a tie up with an American company. Of course that won't happen with government 'golden share' but in any case, as Orange used to say, the future is bright!
Posted at 03/4/2023 14:41 by mcunliffe1
I'm not at all a lover of BB's. abrdn loved them and yet it seemed to have little positive upward effect on the share price

I'm new to BA. - but looking to widen my holdings now I have a SIPP at ii.

On 12 March 2023 I setup a 'pretend' portfolio and BA. were priced then at £9.31. Of the 16 stocks and trusts I was monitoring B. Aerospace stands out as a winner. My concern lies in the possibility I've missed the boat.

The dividend yield is not too exciting at £9+ share price so I'd be investing for growth in the share price - but as I said, I may have missed that boat.

I'll watch for the moment and see how things develop as we approach ex Div date on 20th April
Posted at 30/3/2023 10:02 by anhar
...Anhar, not disagreeing with as you've no doubt been playing this game far longer than me, but why doesn't it enhance the share price (of any stock doing a bb program). I thought the reasoning was that the same profits will be divided between less shares? ...

The reasoning by small investors who like to believe that BBs push up the price, I think has nothing to do with the long term corporate finance effects of the BB. Their view is that the demand for shares created by the BB must impact the share price positively. That might be the case if a suprise large buyer of shares appeared.

This is wrong and the reason it is wrong is that the suppliers of the demand, (small investors being irrelevant to big caps like BA.) are the institutions who are already aware of the BB because it is annnounced publicly in advance. The price of course is not fixed so it's whatever is available on the day to an inst. that wants to dump shares in BA. It's no suprise.

But as I've said, it's not provable either way, just that my experience with a large number of shares over the years making BBs is that they all react differently, there's no clear positive effect and in practice there are far greater influences on the share price anyway, such as in BA.'s case the obvious one over the last year or so.

My conclusion is that no faith at all can be placed on BBs to prop up a share price or trade successfully on it.
Posted at 29/3/2023 10:01 by anhar my experience tells me that share price will always test the base after the buy back...

No offence but if you believe that, your experience must be extremely narrow and limited.

As I said earlier BBs have no effect on share prices in most cases, and BA. is not one of the exceptions. It is just naive to attribute any part of the strong price rise over the last year or so in any way to the BB, you cannot reasonably conclude as much from just one company, one data point, where the price has risen and so it might appear that the BBs had some influence. But it's just coincidence, a false correlation.

I could show you shares making BBs where the price fell substantially during the BB concerned. A recent example is Harbour Energy. If I based my opinion on this one share I might conclude that BBs drive prices down!

With long experience of investing over many years and with many of my holdings making BBs, I am quite sure that they make no difference to the share price, though I can see why small investors draw false inferences from selective examples where they appear to stoke a rising price, whilst ignoring those where they did not. I think it's called confirmation bias...

I guess it's not provable either way because you can't know what would have happened to the price in the absence of the BB, but that's my view over many cases.
Posted at 21/10/2022 13:09 by boomorbust1
Which is why I said they are a safe company, they aren't going anywhere and will always be a preferred supplier to UK defence. But the Tornado contract with Saudi has at most until 2030, that is the planned out of service date despite the Saudi Airforce spending millions updating it the last few years - partly to make aure it will last that long (with a steadily reducing fleet). Some of the Tornado upgrade contracts struggle to make a profit, but of course BAE profit from the repair/replacement of parts and the still substantial workforce employed on Tornado in Saudi. BAE are prepared struggle along on Tornado because they really want more Typhoon sales which with follow on support contracts which will run for many years. When Germany stopped arms sales to Saudi over Yemen and Khashoggi it caused a lot of problems for BAE as of course some Tornado parts are built/repaired by Germany. The Ukraine war will have a long term positive effect for BAE because as you say stocks need to be replaced, and the renewed interest in defence spending from NATO as well. But the share price in the short term can be a fickle thing, just as the price shot up when the war started it will fall again when it ends, though not to previous levels. The share price is riding high because there has been nothing but 'good news' recently from a company point of view. If nothing changes I think the share price still has a bit further to run, a major piece of negative news as mentioned in my previous post I am convinced will see a reversal in the share price Look what just happened to LGEN another rock solid company thanks to the recent mini budget. LGEN quickly came out with a robust statement pointing out that they are not effected by the LDI crisis but are still a good 20% down. BAEs divi of 3% will of course be unaffected by any bad news, but LGENs divi of now 8% is also well covered and safe.
Posted at 19/10/2022 15:41 by boomorbust1
Interesting article:

Last time the US stalled on arms sales to Saudi the British government stepped in and BAE reaped the benefits (Tornado), thanks to that contract I secured over 30 years employment in the Middle East. But back then we had the iron lady in charge not the torys of today, and BAE did not have the amount of business it has with the US at stake that it has now. A difficult position for BAE if the US goes hard over on Saudi, on the one hand they won't want to jeopodise business with there largest customer the US (and growing) but also 12% of business in Saudi with hopefully more Typhoon sales to come is also something they won't want to loose as the lucrative Tornado contract is getting towards the end of its life. BAE share Price has had a good run over the last couple of years and the company will always be 'safe', but any bad news now will see the share price head south - be that the US pulling out of Saudi, the end of ukraine/russia war, or Liz Truss renegading on her 3% of GDP going to defence promise. I'll wait for BAEs next trading statment but am tempted to sell up on the next share price surge as with a 3% dividend I think there are better options right now. Can always buy in again after 1 of the 3 scenerios above happen and the share price has taken a hit
Posted at 03/8/2022 10:13 by anhar
Retail investors can take advantage of the increased share price due to increased buy volume and sell should they wish to - so why do only institutions benefit?...

There is no generally increased share price due to the buyback. This is a popular fallacy amongst small investors, that BBs somehow prop up the share price The reason that insts benefit is that they achieve a very slightly higher price at that very point of the buyback for those wanting to sell some shares so for the sort of volume in which they deal it may be worthwhile, but there is no general share price rise due to the BB over the period allocated to it.

...If they don’t wish to take this opportunity it is to take advantage of having an increased proportion of future company - so why do only institutions benefit?...

What small investor cares about the proportion of the company they hold? I suggest most don't even know or care. The increased proportion from the BB is infinitesimal for us. I've got a fair sized holding in BA. in my income port, which I've held for a long time just for the divis. I havn't the faintest idea what proportion of the issued capital I hold and how it will be changed by the BB. Such info is of no interest.

...The retail investor of-course has the option of tax advantages of CGT vs the higher income tax rate of divis...

The hell with tax, I want that BB money in my pocket, not wasted on inst dumpers. Tax situations for individuals vary greatly between us, you can't assume anything in that regard. Let me have that improved divi and let me take care of my tax.

...What have the Romans ever done for us??


BBs vs divis is an old argument which I've had many times over the years but I've never read a convincing case from the small guys' viewpoint in favour of BBs. I am always surprised by the support of some for it though I hesitate to use the term "turkeys voting for Christmas". 😱 Unfortunately we are irrelevant amongst big caps where insts rule the market so nobody cares what we think. Recently BBs have become a new pandemic, with companies falling over themselves to acquire the bug. I suspect an opposing director would these days be considered weird. Emperor's new clothes?
Bae Systems share price data is direct from the London Stock Exchange

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