In freefall today. |
Why are defence stocks being hit as hard? Absurd |
harryw, what channel are you looking at, 3 weeks? |
Bought more, as bottom of ascending channel on chart |
It would typically form part of a layered system. Radar detection, RF & GPS Jamming and kinetic effectors. |
I read a couple of weeks ago that an armaments company was developing an anti drone system based on interfering with the radio signals from the launcher. I guess others on this site know of it. Does anyone know if it is valid competition for MSI? |
Seems to be doing that often now! |
All time high today. |
Breaking higher |
Norbert,
Thanks, I had missed the RNS for some reason. |
Got his divi as well! |
That’s the 300k bought by the company at the full offer as RNSd. I suspect they’ve bought them from ex Director and NED David Pyle but it’s just a hunch, equally it could be Stonehage. Must have been a ‘friendly̵7; seller for the company to have paid such a full price. |
A late reported trade of 300,000 shares yesterday. |
https://www.defensenews.com/industry/2024/07/11/bollinger-ready-to-vie-for-us-canada-findland-icebreaker-contracts/Potentially longer term good news for MSI given the PSC is planned to receive the Mk38 Mod4 x 2 |
Maybe today |
Norbert, thanks for all your alerts, they take me to info where I might not normally go. |
Break to new highs today I think. I bought even more yesterday |
https://msiplc.com/static/cfcaa460cefdaf0c5ce07219eca05e95/Annual%20Report%202024.pdfAnnual Report now out with some interesting commentary about increased capacity for Paladin etc. |
There is excess cash. And they should return a significant chunk of it to the owners.
The last thing we want is the cash blown on an unnecessary acquisition, for example.
The sum - 42m + - is far too big for organic capex. Or do you think it isn't? |
So you already know that if there's excess cash in the business, the directors will return it to shareholders (when they're not paying it to themselves) |
@Madmix and Shanklin,
Net cash of 42 million: what precise capex do you imagine would eat up all that prodigious sum?!
In the past, the Company has issued special dividends. I'd expect them to return excess cash to the owners. |
Keep buying too cheap. |
Company is still cheap and a takeover target for a bigger defence company for sure |
You moved the price ha |
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