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BAE Beale

5.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Beale LSE:BAE London Ordinary Share GB0002559291 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.875 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.875 GBX

Beale (BAE) Latest News

Real-Time news about Beale (London Stock Exchange): 0 recent articles

Beale (BAE) Discussions and Chat

Beale (BAE) Most Recent Trades

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Beale (BAE) Top Chat Posts

Top Posts
Posted at 03/4/2020 10:49 by pooltowerpower
BAE withdraws dividend.
Posted at 26/9/2015 19:58 by temmujin
BAE's 'Green killing fields'
UK arms manufacturer BAE Systems is bringing us ‘Green killing’ with a new generation of what it laughingly calls ‘environmentally-friendly weapons’. Apparently, it wants to reduce the dangerous compounds emitted by its jets, fighting vehicles and weapons, like depleted uranium (DU) dust, which it warns “can harm the environment and pose a risk to people”.

BAE’s initiative was welcomed by the UK Ministry of Defence, which has itself proposed ‘environmental impact assessments’ for all new weapons: quieter warheads to reduce noise pollution, grenades which produce less smoke, etc. There have even been experiments to see if explosives and landmines can be turned into manure.

BAE’s growing range of so-called ‘Green weapons’ now includes:

bullets with lower lead content because “lead used in ammunition can harm the environment and pose a risk to people”
armoured vehicles hybrid diesel/electric engines to reduce carbon emissions
weaponry which releases fewer toxins like volatile organic compounds (VOCs) and other hazardous and often carcinogenic chemicals
more stable artillery, which does not blow up accidentally and has a longer shelf life, reducing waste

Ed.- (i) As BAE reminds us, “no company, regardless of what they make, can now just make a product, bung it out there, and then forget about it,” and “we all have a duty of care to ensure that from cradle to grave products are being used appropriately and do not do lasting harm.”

(ii) Tungsten.
BAE has abandoned DU and returned to weapons-grade tungsten alloys to harden the tips of its weapons in 2003, allegedly due to environmental concerns. Environmental concerns aside, tungsten-tipped missiles are equally effective at piercing armour, but cost less. There is no question that weapons tipped with a weapons-grade tungsten alloy are preferable to weapons tipped with DU. The tungsten alloy used is not radioactive and does not vaporise on impact, spreading long-lasting carcinogenic radioactive particles over a wide area.

However, Tungsten is the third heaviest element and can be combined with copper, nickel, iron, and cobalt to form heavy metals. The body requires trace levels of some heavy metals (e.g. cobalt, copper, manganese, molybdenum, vanadium, strontium and zinc) to maintain good health, but even low exposures to other heavy metals (e.g. mercury, lead and cadmium) can lead to cancer and neurological damage.

Although virtually no safety research has ever been done, the toxicity of tungsten and tungsten alloys for human health has been seen traditionally as low. This may soon change. Researchers at the US Army Forces Radiobiology Research Institute in Bethesda, Maryland (US) embedded tungsten alloy pellets into rats to see what might happen to a human wounded by tungsten alloy shrapnel. They were surprised to find that every rat showed signs of cancer development after only one month and tumours within four to five months. The same may apply to humans. [1] So it is all a question of degree. Tungsten alloy shrapnel is as indiscriminate as DU dust, but does not spread as far.

(iii) Another study from the US Centers for Disease Control found childhood leukaemia clusters in the area around the once tungsten-mining towns of Fallon, Nevada and Sierra Vista, Arizona (US). [2]
Posted at 19/9/2014 17:01 by cockneyrebel
I've been holding a little while actually knitcraft, since late June. Added more today. Amazingly I couldn't get any volume with Hargreaves, wouldn't trade 10K+ but a call to my broker and he bought at the bid which was strange.

Just a buy and wait in the pension for me - looking back in the past to 2006-07 when these were 140p a share they were doing half the earnings in H2 that they did in H1.

I'm assuming losses in H2 which looks likely but the tenor of the CEO's comments sounds as if they are seeing a real improvement in H2 despite a tough economy.

And as you say - that is a lovely bowl - which is what caught my eye initially :-)

CR
Posted at 22/7/2014 21:30 by coolen
I'm not suggesting a direct link, but maybe worth noting that Blue Gem have just announced that they succesfully turned round Liberty last year and are now negotiating to acquire a majority stake in Mamas & Papas, despite M&P's high gearing.

Things are stirring in the retail field.

Any third party interest in Beale will not suit Mr Perloff despite his 29% equity stake.

I reckon he's written off that equity stake against the prospect of what he can squeeze out through what he views as his 2 trump cards (Landlord and Pref Share controller).
Posted at 01/3/2014 21:54 by hvs1
Not a business to invest in, a dead and dying retailer reminiscent of -'are you being served'- era, but some large shareholder property developer must be very pleased with a less than 2m price for the whole she-bang, not a business but an asset play me-thinks. Interesting times ahead.
Posted at 09/1/2014 18:54 by jojo_jo
Wasting time 'researching' (poorly) and then posting on a bulletin board is totally in(s)ane! I prefer to tilt with a short-seller who admits his position. At least that's honest. Shorters almost never admit to being short.
I have encountered short-sellers who have shorted far more illiquid stocks than this. It was much more liquid 9 months ago.
Nobody with more than two brain cells would waste all this time on a stock they had no financial interest in.

You talk nonsense yet again. Your attempts at scaremongering and de-ramping are as obvious as they are erroneous.
All businesses have to re-value their freehold/leasehold assets in their annual accounts. For years, while values were falling, this has worked against them. Recently, as property values increase, it is beginning to work for them. They have to revalue their property. Property values are just a part of the asset side of the balance sheet, which by definition, 'balance' the liabilities. Beale by no means have any particular leverage against their bricks&mortar. Banks don't allow such leverage after the lessons learned in 2008/9.

The groups debt is perfectly acceptable, and positive cashflows are now being achieved. They are well within the huge £12m available to them under the new'ish re-financing through Wells Fargo. That gives them massive covenant headroom over and above the previous £8.5m HSBC facility. That near-50% increase in available funds is a huge show of confidence by the American banking giants! It gives them the freedom and flexibility they need to reverse the last couple of years' decline - which they are doing.

Remember, low expectations and performance are well and truly priced in at this share price. In any event, the break-up value would likely give over £10m back to shareholders, so there's no risk whatsoever at the current £2.2m m/cap.

And what about this (not so) little bonus...

" The Company has recently entered into a transaction re the Tonbridge store where the Company had a lease up to June 2031. The Company has entered into a transaction with Sainsburys on 24 April 2013 whereby the Company received GBP1million on 25 April 2013 and, subject to successful planning and certain other pre-conditions being satisfied, the Company will receive a furtherGBP3 million on the lease surrender. The GBP1 million will be taken to profit over the period between the date of receipt and the anticipated date of lease surrender. "
So, as consent for the Sainsbury's takeover is very likely, they look like they'll be getting a £3m cash windfall this year! That's almost 50% more than Beale's current m/cap.

IMPO/DYOR/NAI
Jo

PS. I'm very happy there is a short position or two here. Pro traders regard short positions as bullish... they create the huge spikes, as the shorts get squeezed.
Posted at 09/1/2014 10:00 by jojo_jo
Try again...

that article is dated January 29, 2013 - it's nearly A YEAR OLD. More intentionally misleading garbage!

The May results are more up to date than that, and indicate a net asset SURPLUS nearer the £10m mark. Much higher property prices and the distinct likelihood of a good season should see this increased by at least 15%. So we have a company with a very positive NAV of £10m - £15m, yet a market cap of just £2.2m. This imbalance will be corrected. A fair share price is nearer 40p impo.

'Desperate' to get out short sellers should jump now, or risk being pushed out at a much higher price. Not many holders will be selling at this price. 20p perhaps - most would want at least 18p. Even at 20p this is less than half the NAV!

IMPO/DYOR/NAI
Jo
Posted at 31/12/2013 00:39 by jojo_jo
Yes, every man and his dog has been bleeting about 'structural decline' of the High Street. The High Street has been in decline for seven or eight years, but it seems to have now turned the corner in large population areas. I agree that online retail has killed off rural and semi-rural shops (other than food/essentials.) We'll just have to wait on retailer reports on how Christmas actually panned out. I have been surprised at how busy city shopping centres have stayed right up until today - and there is more to come as more sales kick in on New Year's Day.

Another point worth noting is the recent jump in Freehold values should improve the NAV here further still. I keep a close eye on some sectors of the commercial property market, including retail and leisure, and noticed a pretty sharp mark-up by agents a couple of months ago. Most Landlords would be happy to hold on to the tenant of a large high street property. In Beale's case there is the added benefit that in some cases the Landlord is a major shareholder who is therefore unlikely to shoot himself in the foot imposing punitive rents. Accordingly I believe that Beale will continue to pay sub-market rents and dispose of underperforming leased properties as and when they can.

At a current m/cap of £1.9m vs c.£9m nav the case for a share price recovery looks very compelling.

IMPO/DYOR/NAI
Jo
Posted at 27/12/2013 20:12 by topvest
It's called structural decline. There isn't much of a market for middle range department stores any more. The share price says it all. The most interesting thing to me is just what Panther and Perloff are up to with their 30% holding. I'd be surprised if he gets caught with a write-down that exceeds the gain he will make on the property assets. He is a very astute fellow, so I suspect he has something up his sleeve. Beale have a lot of leases with Panther as well which are coming out of rent free periods. All very intriguing.
Posted at 12/9/2012 21:29 by markfrankie
BAE Systems plc (BAE Systems) and EADS N.V. (EADS) have today made a statement to the London Stock Exchange about a possible business combination between BAE Systems and EADS.




Statement re Share Price Movement

BAE Systems and EADS have a long history of collaboration, and are currently partners in a number of important projects, including the Eurofighter and MBDA joint ventures. The two companies confirm that they are now in discussions about a possible combination of the businesses. The potential combination would create a world leading international aerospace, defence and security group with substantial centres of manufacturing and technology excellence in the UK, USA, France, Germany and Spain as well as in Australia, India and Saudi Arabia.

BAE Systems and EADS believe that the potential combination of the two businesses offers significant benefits for all stakeholders, over and above their individual business strategies, which both businesses continue to execute strongly. In particular, they believe that the combination of the two complementary businesses offers the opportunity of greater innovation, long term financial stability, and an extended market presence, which will enable them to compete even more effectively on the world stage.

Any agreement on the terms of a potential combination will require approval by the Boards of both BAE Systems and EADS, and would be subject to, amongst other things, a number of governmental, regulatory and shareholder approvals. There is no certainty at this stage that the discussions will ultimately lead to a transaction.

BAE Systems is a strong, well‐run company, successfully implementing our strategy. During the process of the discussions with EADS, BAE Systems will continue to focus in meeting all of their current commitments.
Beale share price data is direct from the London Stock Exchange

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