Investors' Room :: British Aerospace. Anybody else think this might be going somewhere? - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

snoball - 03 Jul 2005 15:30

Chart.aspx?Provider=EODIntra&Code=BA.&Si

Stan - 21 Sep 2007 08:33 - 2 of 358

http://www.moneyam.com/action/news/showArticle?id=2270344

...Interesting response by our lot.

tipton11 - 21 Sep 2007 19:12 - 3 of 358

the americans are going after BAE not for bribery but because the contract was so big $$$ that they obviously think they should have had it and we are so simple that we think they would never do anything nasty like Bribery!

Stan - 02 Oct 2007 12:00 - 4 of 358

http://moneyam.uk-wire.com/cgi-bin/articles/200710020917329408E.html

Seems rather a lot of selling today by Directors, but price up 3p.

HARRYCAT - 04 Jan 2009 14:23 - 5 of 358

From 23rd Dec:
"LONDON (ShareCast) - Defence and aerospace firm BAE Systems was flying high on Tuesday following an upbeat research note from Goldman Sachs.

The US bank believes the stock has been weighed down by a wall of worry linked to the US and UK defence budgets, the slumping oil price and concerns over the companys pension deficit.

Against this, Goldman Sachs points out that the companys balance sheet is healthy and its cash flow is robust. Goldman Sachs has a buy recommendation on the stock and a price target of 433p."

Forecast '09: Yield 4.5%, P/E 9.2, EPS growth +9%

goldfinger - 25 Feb 2009 11:06 - 6 of 358

Brokers certainly like the look of this one...

BAE SYSTEMS PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

SG Securities
24-02-09 BUY 41.29 15.52 43.33 16.45

Exane BNP Paribas
24-02-09 HOLD 2,027.00 40.69 15.59 2,200.00 43.59 16.76

Evolution Securities Ltd
20-02-09 BUY 2,218.00 46.00 15.50 2,446.00 50.10 16.50

Numis Securities Ltd [R]
19-02-09 BUY 2,023.00 41.30 16.20 2,186.00 44.20 17.50

Charles Stanley [R]
13-02-09 BUY 40.90 43.70

NCB Stockbrokers Ltd [R]
04-06-08 ACCU 44.80 13.73

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 2,121.43 40.99 15.51 2,321.62 43.46 16.48
1 Month Change 98.43 -0.01 -0.27 183.57 -0.14 -0.29
3 Month Change 107.03 -0.24 -0.35 118.18 -0.40 -0.36

GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 59.76% -13.68% 6.03%
DPS 14.29% 14.04% 6.22%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA m 2,798.00m 2,910.00m

EBIT m 2,139.17m 2,262.54m

Dividend Yield 3.53% 4.03% 4.28%

Dividend Cover 3.49x 2.64x 2.64x

PER 8.11x 9.39x 8.86x

PEG 0.14f -0.69f 1.47f

Net Asset Value PS p 235.65p 264.80p

goldfinger - 25 Feb 2009 15:20 - 7 of 358

Broker Snap: BAE forecasts set to move up

24 Feb, 2009 12:32

Consensus estimates for BAE Systems' earnings are likely to be bumped up to reflect currency benefits, reckons broker Charles Stanley.

"Current estimates for FY 2009 are 20,409m sales (2010e: 21,263m), 2,535m EBITDA (2010e: 2,644m), 2,093m pre-tax profit (2010e: 2,237m), 42.1p EPS (2010e: 44.5p) and 15.6p DPS (2010e: 16.9p)," the broker said.

"If the current planning rate of $1.50/ materialises, trading results stand to benefit substantially from continued weakness in sterling," Charles Stanley analyst Tina Cook reckons.

The broker has a "buy" recommendation for the defence company, and believes that while the group will not be immune to the impact of the global economic slow-down, "it is well positioned with a large order book that provides visibility going forward, a conservatively managed balance sheet, a broad base of programmes and geographical reach."

HARRYCAT - 27 Aug 2009 17:17 - 8 of 358

Business Financial Newswire
"BAE Systems has been notified by the US Department of Defence (DoD) that it has not been awarded a follow-on contract for production of vehicles ubnder the Family of Medium Tactical Vehicles programme.

BAE says the full implications cannot be assessed until talks with the DoD have been completed regarding their intentions to move the programme to the new arrangements.

The current contract sees production continue to the end of 2010.

The Company's assumptions anticpate FMTV sales in each of 2009 and 2010 of some $2bn.

It is not anticpated that this planned activity will be impacted by this decision.

BAE had planned for FMTV sales to reduce to less than $1bn per annum from 2011 onwards."

HARRYCAT - 24 Sep 2009 08:34 - 9 of 358

Business Financial Newswire
"BAE Systems is buying VT Group's 45% shareholding in BVT Surface Fleet for 346m.

VT Group will inject 43m of capital into BVT in settlement of other matters, including claims in respect of certain export contracts which were contributed by VT Group into the BVT business.

And VT Group will pay a further 4.7m to BVT in respect of certain inter-company balances.

BAE Systems will receive from VT Group in cash at completion of the transaction approximately 70m in deferred payment for the sale in July last year to VT Group of BAE Systems' 50% shareholding in Flagship Training. "

skinny - 01 Oct 2009 12:50 - 10 of 358

SFO To Prosecute BAE For Overseas Corruption Offences

LONDON -(Dow Jones)- The U.K. Serious Fraud Office said Thursday it intends to seek the Attorney General's consent to prosecute BAE Systems PLC (BAESY) for offences relating to overseas corruption and will prepare its papers to be submitted to the Attorney when the SFO considers it is ready to proceed.

MAIN FACTS:

-Follows the investigation carried out by the SFO into business activities of BAE Systems in Africa and Eastern Europe.

Followed quickly by :-

BAE Systems Seeks To Resolve Issues with SFO

LONDON -(Dow Jones)- BAE Systems PLC (BAESY), the U.K. defense company, said Thursday it continues to expend considerable effort seeking to resolve, at the earliest opportunity, the historical matters under investigation by the U.K. Serious Fraud Office, or SFO.

MAIN FACTS:

-BAE Systems at all times acted responsibly in its dealings with the SFO

-If SFO obtains the consent and proceedings are commenced, BAE will deal with any issues raised in those proceedings at the appropriate time and, if necessary, in court.

HARRYCAT - 01 Oct 2009 12:54 - 11 of 358

Storm in a teacup, imo. Investigation has been rumbling on for 6 years apparently & opinion seems to be that HMG will ensure nothing too severe happens to BA.

skinny - 01 Oct 2009 12:56 - 12 of 358

Yes Agreed - still good for a +11 short (now closed).

HARRYCAT - 13 Oct 2009 14:00 - 13 of 358

Goes ex-divi 21/10/2009 Bae Systems Plc (BA.) Ex-dividend (6.4p)

skinny - 14 Oct 2009 07:19 - 14 of 358

Interim Management Statement.

HARRYCAT - 30 Nov 2009 11:00 - 15 of 358

Business Financial Newswire
"BAE Systems is setting up a joint venture with Mahindra & Mahindra to create a land systems focused defence company in India.

BAE Systems will have a 26% shareholding in the joint venture and Mahindra will have a 74% shareholding.

The parties have agreed to contribute US$21.25m, with BAE Systems investing US$5.83m in cash and Mahindra contributing the balance.

Completion of the transaction is conditional upon required regulatory approvals and the joint venture is expected to be established in the first half of 2010. "

HARRYCAT - 05 Feb 2010 16:31 - 16 of 358

Business Financial Newswire
"BAE Systems share price rose more than 8p to 346.9p in the immediate aftermouth of an announcement that it was being fined $400m for making false statements on US regulatory filing.

The Company also said that it had reached agreement with the SFO regarding the payments to a former marketing adviser in Tanzania and will pay a 30m penalty for a breach of duty on accounting records.

The market was intially relieved that the fines were not bigger and the shares were in demand just before the close, up 8.3p to 348.8p.

Earlier in the day Nomura had put out a buy recomendation arguing that the stock was cheap and the cash generation was strong. Normura's target price is 450p. "

HARRYCAT - 15 Feb 2010 10:12 - 17 of 358

"On 27 August 2009 BAE Systems announced that it had been notified by the US Department of Defense (DoD) that it had not been awarded a follow-on contract for production of vehicles under the Family of Medium Tactical Vehicles (FMTV) programme.

Following protests of that decision the US Government Accountability Office recommended a re-evaluation of the offerors' proposals.

The Group has now been informed that the decision not to award the contract to BAE Systems has been confirmed. With confirmation of this decision the Group will include in its 2009 accounts an impairment of goodwill and other intangible assets amounting to 592 million relating to the Armor Holdings Inc. transaction and specifically the FMTV product line."

halifax - 15 Feb 2010 16:17 - 18 of 358

harry does that mean no more back handers ...no more contracts, they are going to have to find a new modus operandi pretty fast.

cynic - 15 Feb 2010 16:20 - 19 of 358

ha bloody ha! ..... what's the diff between a secondary commission and a bribe? ..... bugger all, except that BAE didn't show secondary commission in its books, as that would have pointed the finger too precisely ..... whole thing was just sour grapes by Boeing and/or Lockheed.

everyone knows that if you want to do biz in many areas of the world, the wheels have to be oiled

Chris Carson - 15 Feb 2010 16:44 - 20 of 358

I have never actually owned this share but for some reason it's my number 1 SB beginning of December for the last 4 years, it just seems to like Xmas :o) Goes down in Jan and then just meanders with the occassional rally during the year, amazing! Sorry that is no help whatsoever just something I have noticed.

halifax - 15 Feb 2010 16:46 - 21 of 358

Big company but seems to be run by those with little concern for shareholders.

HARRYCAT - 05 Mar 2010 09:05 - 22 of 358

"BAE Systems plc has today agreed the sale of half of its 20.5% shareholding in Saab AB. The share sale transaction will comprise the conversion of BAE Systems' 1,047,180 Saab 'A' shares to Saab 'B' shares and the subsequent sale of 11,166,173 Saab 'B' shares to Investor AB for a cash consideration of SEK 1,066 million. If completion occurs after 20 April 2010, the record date for the dividend of SEK 2.25 per share, the price will be reduced by SEK 25 million.

Following completion of the transaction, which is subject to regulatory approval, BAE Systems will retain 11,166,173 Saab 'B' shares. BAE Systems will hold this residual interest as an investment and intends to dispose of it through a market placing in due course."

HARRYCAT - 14 Jul 2010 08:49 - 23 of 358

StockMarketWire.com
"BAE Systems has completed the acquisition of Atlantic Marine Holding Co for $352m in cash.

Atlantic Marine is a vessel maintenance, repair, overhaul, and conversion, marine fabrication, and ship construction services provider with operations at Mayport and Jacksonville, Florida, Moss Point, Mississippi, and Mobile, Alabama. "

Chris Carson - 14 Jul 2010 09:17 - 24 of 358

Went short yesterday @329.1 initial target 310 tight stop @ 332. Interims due 29th.

HARRYCAT - 14 Jul 2010 09:36 - 25 of 358

Am expecting a re-rating from the brokers now that the VT aquisition has been completed. Am not expecting much downside personally, but you may be right.

Chris Carson - 14 Jul 2010 09:45 - 26 of 358

Worth a shot Harry, tight stop.

Chris Carson - 14 Jul 2010 10:44 - 27 of 358

Moved stop to lock in a wee profit to 325 and for risk free trade.

HARRYCAT - 14 Jul 2010 10:49 - 28 of 358

Ignore my post #25 ref VT. I am talking cr*p as it's Babcock buying VT not BAE.
BAE Systems actually bought VT Group's 45% shareholding in BVT Surface Fleet for 346m, which is where my confusion was.
Good luck with the short.

HARRYCAT - 14 Jul 2010 11:37 - 29 of 358

Presumably you had already seen the broker note out today then CC?
"BAE Systems (EW, 375p PT): lack of near-term growth and poor sentiment from defence budget cuts overshadow very attractive valuation and strong export potential. Whilst we continue to believe that the market underestimates both the quality of US defence electronics and BAEs strong export potential, we downgrade to EW because we believe a material re-rating in the stock is unlikely whilst low near-term growth and defence budget cuts persist."

Chris Carson - 14 Jul 2010 12:55 - 30 of 358

No Harry, been on my watchlist for a while recently lost a good contract to their US rivals and even though their recent aquisition is for long term good, can't help feeling with sentiment for anything British pretty low at the mo in US and defence cuts, shorterm growth not looking good, IMO. May be totally wrong.

Chris Carson - 15 Jul 2010 08:54 - 31 of 358

Moved stop to 320.1 to lock in a good profit, away to play golf.

Chris Carson - 15 Jul 2010 16:32 - 32 of 358

Closed position @ 317.1 + 12

HARRYCAT - 30 Jul 2010 13:42 - 33 of 358

"Strong results and upgraded full year profits guidance has not been enough to overcome investor concerns about future prospects for BAE Systems, a situation acknowledged by Nomura Securities decision to slice its price target for the defence systems firm.

The broker is sticking with its buy recommendation despite chopping the price target from 450p to 410p to account for a higher risk premium investors are likely to demand given the increased long-term budget uncertainty in the US and Europe.

Macro concerns about budgetary pressures have kept investors from focusing on the company's structural growth outlook and strong cash generation, argues Nomura analyst Jason Adams."

Chris Carson - 30 Jul 2010 13:58 - 34 of 358

Still watching Harry, held pretty steady since my last short. Ex Divi 20th Oct. May be worth another short punt.

Chris Carson - 03 Aug 2010 11:41 - 35 of 358

Good support @ 312.0 , Wee punt long this time @318.5, initial target 330.0

goal - 03 Aug 2010 12:32 - 36 of 358

Yes that's my opinion too, although I haven't set a target I can see your logic.

Chris Carson - 05 Aug 2010 14:42 - 37 of 358

Moved stop to 321.0 to lock in a wee profit and for risk free trade.

Chris Carson - 06 Aug 2010 12:53 - 38 of 358

Probably regret this, but taken profits before US jobs number comes up @1330 @325.6 +7.10.

Chris Carson - 06 Aug 2010 13:08 - 39 of 358

Left a limit buy @ 332.0 just in case :o)

Chris Carson - 07 Aug 2010 15:57 - 40 of 358

The anticipated sell off on US jobs report on Friday, thankfully didn't materialize as the Dow bounced nicely up to the close. Using spread bets trading this stock so far is working out quite nicely as it allows me to play my golf and not worry that the SP is ging to go ballistic in either direction.

My take FWIW solid support at 310.0 - 312.0 and with a Divi payment coming up on 20th/10th hopefully investors will be reluctant to sell. Last week saw the 50 day moving average breached to the upside, at Fridays close came back to but didn't go below.

The news as reported in todays Telegraph re-RAF cuts may or may not affect the price. I'm hoping for the Ftse to bounce on Monday and BA. to follow. Providing stays above 50DMA will be long with Limit order @ 322.0 or market at the open, depending on Ftse Futures during the course of early hours to the open Monday. I could be totally wrong on this take so please DYOR.

HARRYCAT - 08 Aug 2010 11:25 - 41 of 358

I agree. Good support on the chart over the last two years at this level. Tempted to buy more with target 380'ish.

Chris Carson - 13 Aug 2010 09:09 - 42 of 358

Not a good week! My Limit long was triggered on Monday @322.2, stopped out for a loss @ 315.9 - 6.3. Broker UBS downgrade from buy to neutral hasn,t helped with support gone @ 310. Left a limit buy 313.2 more in hope than expectation of a bounce, could go down to test 290.0 level next week.

HARRYCAT - 13 Aug 2010 12:22 - 43 of 358

StockMarketWire.com
Market pessimism over defence spending will continue to hold back BAE Systems' shares, says UBS, downgrading the stock to neutral from buy with a target price cut to 330p from 460p.

BAE's share price underperformance over the last year had 'less to do with defence budget forecasts but more to do with the total government deficit position', said analyst Avi Hoddes.

'Whilst we remain optimistic on defence spending, this is irrelevant. As long as the market has its doubts, BAE shares will continue to look undervalued.

'Those market doubts will likely persist as long as there are concerns over government deficits, which in our view will persist for some time.'

Chris Carson - 17 Aug 2010 23:38 - 44 of 358

Managed to scalp a few points today, but not confident to stay long overnight. May or may not be a dead cat bounce, not sure that any news today was that great. Day traders scalping opportunity at mo imo. Still hold a few bought long term @ 322.0, still cheap.

Chris Carson - 26 Aug 2010 14:09 - 45 of 358

Went long yesterday (SB) @ 299.0 initial target 310.0, tight stop. If it can close above 300.0 today will be good news, held reasonably steady on recent market selloffs. Just hope Telegraph tipping it today is not the kiss of death.

HARRYCAT - 27 Aug 2010 10:44 - 46 of 358

Interesting cycle on the graph. Double dip recession & sub 250p possible?

Chart.aspx?Provider=EODIntra&Code=BA.&Si

Chris Carson - 27 Aug 2010 11:11 - 47 of 358

Harry who knows what those crazy yanks will do? The anticipation at 1330 is if US GDP figures are as bad as expected we can expect a sell off. How many times have we seen this film though, long Bank Holiday weekend ahead for us doesn't help either. Chart looks awful. My stops @ 285.0.

Chris Carson - 02 Sep 2010 08:49 - 48 of 358

Seems tobe on a mission, initial target hit. Moved stop to entry for risk free trade.

HARRYCAT - 02 Sep 2010 12:29 - 49 of 358

HOUSTON, 1st Sept, 2010 (BUSINESS WIRE) "BAE Systems has been awarded a $629 million contract from the U.S. Mine Resistant Ambush Protected (MRAP) Joint Program Office (JPO) to upgrade 1,700 Caiman MRAP vehicles. This award demonstrates how BAE Systems Readiness and Sustainment capabilities are supporting the customers current and future requirements by rapidly improving product performance to protect troops during combat missions."

Chris Carson - 02 Sep 2010 12:32 - 50 of 358

Thanks Harry, question answered.

Chris Carson - 02 Sep 2010 16:29 - 51 of 358

Closed trade @314.0 + 15.0. Tomorrows another day :O)

Chris Carson - 03 Sep 2010 11:56 - 52 of 358

Limit Long triggered earlier @ 317.2. Stop moved to entry for risk free trade.

Chris Carson - 03 Sep 2010 13:28 - 53 of 358

Taking no chances closed prior to jobs report323.2 +6

HARRYCAT - 03 Sep 2010 13:45 - 54 of 358

Somewhere between 325-330p looks about the point when the sp may falter.
Looks like U.S. job figures reasonable, so may be a bit further to travel on the FTSE.

Chris Carson - 03 Sep 2010 14:02 - 55 of 358

Harry - Left a Limit Long on @ 326.2, probably pushing it, had a good run.

HARRYCAT - 12 Sep 2010 08:31 - 56 of 358

Don't think this will make much difference to BA. valuation, but you never know!
StockMarketWire.com
"BAE Systems has entered into a definitive agreement to acquire OASYS Technology - a US manufacturer of electro-optical systems and sub-assemblies.

The proposed acquisition - for a cash consideration of $25m at closing and a potential earnout of up to $30m - will be funded from existing BAE Systems cash resources.

OASYS Technology is privately owned by five employees, including its three principal founders.

The acquisition is conditional, among other things, upon certain US regulatory approvals and is expected to close in the fourth quarter. "

HARRYCAT - 13 Sep 2010 08:01 - 57 of 358

BAE Systems plc - Press comment regarding Platform Solutions business.

"The company regularly reviews its business portfolio to ensure it is delivering the best value for shareholders and customers. Against this background BAE Systems confirms that it has engaged Wells Fargo and JP Morgan to advise on strategic options with regard to the Platform Solutions business, including a possible sale.

There can be no certainty that any transaction with respect to the Platform Solutions business will occur."

Chris Carson - 13 Sep 2010 08:20 - 58 of 358

Seems (according to front page of Telegraph) Yanks are not happy about coalition defence cuts. Limit Buy triggered at open @325.0 target 340.0 Stop 316.0 (SB).

Chris Carson - 13 Sep 2010 14:51 - 59 of 358

Stop moved to entry for risk free trade.

HARRYCAT - 14 Sep 2010 08:14 - 60 of 358

StockMarketWire.com
"BAE Systems started with outperform rating at Credit Suisse, TP 400p"

Chris Carson - 16 Sep 2010 09:22 - 61 of 358

Stopped out @ 335.70 + 10.7. Left Limit Buy @ 342.0.

Chris Carson - 16 Sep 2010 21:13 - 62 of 358

Moved Limit Buy to 335.0

Chris Carson - 18 Sep 2010 16:07 - 63 of 358

Limit Buy triggered @ 335.0, which unfortunately leaves me with a losing trade after yesterdays close. Initial target 150.0 however depending on Dow futures and any subsequent news over weekend, will get out quick if continues to go against me. In hindsight should have taken taken profits at my initial target 140.0 and then left well alone. Obviously sentiment re defence cuts will in short term affect price, but still hopeful of a wee bit more upside. In any case still think stock undervalued despite defence cuts, historically tends to go down after divi payment due on 20/10, then has a Xmas rally.

HARRYCAT - 19 Sep 2010 14:13 - 64 of 358

Initial target 350 (rather than 150)???
Am hoping that 370 is achievable, but may have to wait a month or two.

Chris Carson - 19 Sep 2010 16:33 - 65 of 358

Yes Harry 350.0, i'ts an age thing you know :O)

HARRYCAT - 20 Sep 2010 08:25 - 66 of 358

StockMarketWire.com
"Defence contractor BAE Systems has signed a definitive agreement to acquire L-1 Identity Solutions's Intelligence Services Group for $295m.

The group, which is comprised of SpecTal, Advanced Concepts and McClendon, is a leading provider of security and counter threat capabilities to the US Government for cash consideration of $295,833,000 in the aggregate.

The proposed acquisition will be funded from BAE Systems' existing cash resources.

BAE said the SpecTal, Advanced Concepts and McClendon businesses complement the activities of BAE Systems' existing US-based Intelligence & Security sector capabilities and support the company's strategy to develop its customer support and services business.

The acquisition is conditional, among other things, upon receiving certain US regulatory approvals and is expected to close in the fourth quarter of 2010. "

skinny - 22 Sep 2010 07:49 - 67 of 358

Trinidad and Tobago has reneged on a deal to buy three offshore patrol vessels from BAE Systems, potentially costing the defence company 150m. The ships were built at BAE's yard in Portsmouth and the first was due to be delivered to the Caribbean nation within weeks. Another has just completed its sea trials with a Trinidadian crew and the final ship is about to begin trials, the Times reports.

Chris Carson - 22 Sep 2010 08:35 - 68 of 358

Not great news skinny, got out @ 334.2.

HARRYCAT - 22 Sep 2010 08:42 - 69 of 358

Amazing though that a possible loss of 150m order can move the sp for a company with a market cap of 11.3bn! I believe they pay more than that in sweeteners to secure orders from friendly nations in the Middle East.

Chris Carson - 22 Sep 2010 08:51 - 70 of 358

Sentiment re uncertainty of any proposed defence cuts seems to be the order of the day Harry.

Chris Carson - 22 Sep 2010 15:04 - 71 of 358

Bit of a long shot, left Limit Buy (SB) 338.2 Tgt 350.0 Stop 333.2

skinny - 24 Sep 2010 07:33 - 72 of 358

Chris this was first shown on Monday (I didn't watch it until last night) - it may have some bearing on your BAE trading!

Chris Carson - 24 Sep 2010 10:53 - 73 of 358

Hi skinny,

I don't know about you but watching that programme just highlights the fact that the MOD couldn't organise a piss up in a brewery, to many chiefs and not enough indians in the armed forces, grace and favour homes, servants etc at the expense of our front line troops. (No change there then). And BA. would appear to be a recruitment centre for ex- ministers, LOL. Bottom line will be, will the Govt. continue to rely on British defence contractors and continue to back BA. or will they buy off the peg from the USA. What do you think?

As regards trading the stock Limit Buy triggered today :o) tight stop!

Chris Carson - 24 Sep 2010 13:06 - 74 of 358

Stop moved to entry, risk free trade.

Chris Carson - 24 Sep 2010 14:57 - 75 of 358

Moved stop to 343.2 to lock in a profit.

Chris Carson - 24 Sep 2010 15:40 - 76 of 358

Moved stop to 346.2

HARRYCAT - 24 Sep 2010 15:43 - 77 of 358

Yes. DOW dragged eveything up in the last hour or so, after a flat morning. Can't you do a trailing stop, as I can see more upside today & monday?

Chris Carson - 24 Sep 2010 16:03 - 78 of 358

Closed @ 347.8 + 9.6. That'l do for now Harry :O)

Chris Carson - 29 Sep 2010 08:30 - 79 of 358

Limit Buy (SB) triggered @ 342.2 Tgt 360.0 Stop 332.2

Chris Carson - 30 Sep 2010 13:26 - 80 of 358

Out prior to jobs report 342.2 for nowt.

HARRYCAT - 14 Oct 2010 13:58 - 81 of 358

"BAE Systems cut to hold at SocGen, target price 360p."

skinny - 20 Oct 2010 08:25 - 82 of 358

I went short on Monday - a bit of a no brainer?

Chart.aspx?Provider=Intra&Code=BA.&Size=

HARRYCAT - 20 Oct 2010 09:13 - 83 of 358

BAE gone ex-divi today.

StockMarketWire.com
BAE Systems has completed the acquisition of OASYS Technology LLC, a US manufacturer of electro-optical systems and sub-assemblies.

BAE Systems paid an initial cash consideration of approximately $25m and there is a potential earn out of up to $30m.

Chris Carson - 20 Oct 2010 10:12 - 84 of 358

Looking for a bounce, though probably dead cat. Limit Buy triggered @ 352.9 stop 345.0.

HARRYCAT - 21 Oct 2010 09:24 - 85 of 358

StockMarketWire.com
Defence contractor BAE Systems said trading for since 1st July has been consistent with its expectations. Changes from the UK Strategic Defence and Security Review are expected to result in some reduction in growth for 2010.

The outlook for 2010 remains subject to commercial discussions regarding cancellation of the Trinidad and Tobago offshore patrol vessel programme. Whilst the financial consequences cannot be definitively assessed at this time, as announced in September, the Group estimates a charge of up to 150m, before tax, may be required in its 2010 accounts.

The US defence market continues to generate a substantial number of business opportunities despite budgetary pressures. These pressures are leading to programme reprioritisations and a drive for greater efficiencies in procurement, which are helping to fund continued modest growth in investment on defence capability. Anticipating these changes, a restructuring of BAE Systems' operations in the US has been undertaken, reducing overhead cost to the benefit of both customers and shareholders.

Pressure to reduce government expenditure in the UK is reflected in the Comprehensive Spending Review. A UK Strategic Defence and Security Review (SDSR) was published in October. BAE Systems will now work with the UK Ministry of Defence to address the detailed implications of the changes identified by the SDSR. The Group believes that it can continue to help in achieving efficiency improvements and value for money enhancement in the way capability is generated and delivered. In aggregate, the Group anticipates some modest impact on performance of its UK business in 2010 from the changes and a reduction in the Group's financial planning assumptions resulting in an approximately one pence reduction in earnings per share, per annum, thereafter.

Previously announced actions to reduce cost across the Group include net headcount reductions of approximately 7,000 (including contractors) in the year to date.

The Group's programme to return up to 500m to shareholders by way of on-market purchases of shares completed in July. The average cost of shares purchased was 3.49.

In August, the Group's $500m (316m) 4.75% bond matured, having been pre-financed by a $1.5bn (949m) bond issuance last year.

Excluding M&A activity, a cash inflow continues to be anticipated in the second half of 2010. Achievement of receipts due on the Salam programme in the final quarter will be a material determinant of the year's cash flow performance.

BAE Systems will announce its financial results for the year ending 31st December 2010 on 17th February 2011.

Chris Carson - 21 Oct 2010 14:52 - 86 of 358

Stop moved to entry, risk free trade.

HARRYCAT - 22 Oct 2010 09:54 - 87 of 358

StockMarketWire.com
BAE Systems has agreed the sale of its container solutions assets in Berthoud, Colorado to Rocky River Holdings LLC for $1m in cash.

The Berthoud facility manufactures highly specialised shipping containers for the US Armed Forces.

skinny - 09 Dec 2010 08:08 - 88 of 358

About 1,350 British jobs are to be lost at BAE Systems, the company is expected to announce today. The job cuts represent the first tranche of defence layoffs to be announced since the Government's review of defence spending led to the decision to axe the Nimrod and Harrier aircraft, which BAE Systems was building, reports the Times.

Chris Carson - 25 Jan 2011 11:31 - 89 of 358

Limit Buy @ 352.2 target 370.0 stop 346.2

Chris Carson - 26 Jan 2011 09:12 - 90 of 358

Stop to entry for risk free trade.

skinny - 26 Jan 2011 09:22 - 91 of 358

Chris - this may be of interest. (I closed my short late December)

The Government will announce the first big review of its relationship with monopoly suppliers in more than four decades today as it tries to save taxpayers' money. The review will be led by the Ministry of Defence, which spends about 9bn a year with companies on a non-competitive basis. Equipment such as nuclear submarines can usually be bought only from a single supplier, so contracts have to be negotiated without the benefit of competitive pressure to keep costs down, the Times reports.

Chris Carson - 26 Jan 2011 09:25 - 92 of 358

Thanks skinny.

Chris Carson - 27 Jan 2011 08:41 - 93 of 358

Stopped out for nowt.

Chris Carson - 27 Jan 2011 13:52 - 94 of 358

Limit Buy 353.5 (Hang on, just check that again. Aye 353.5)

HARRYCAT - 27 Jan 2011 14:32 - 95 of 358

LOL. not that daft then.....yet!

halifax - 27 Jan 2011 16:19 - 96 of 358

cc 347p are you still interested?

Chris Carson - 27 Jan 2011 17:07 - 97 of 358

halifax - Aye, obviously limit buy not triggered, as long as stays above 50DMA tomorrows another day.

skinny - 03 May 2011 08:20 - 98 of 358

Gone long here@330.3.

skinny - 04 May 2011 08:02 - 99 of 358

Interim Management Statement.

skinny - 13 May 2011 09:02 - 100 of 358

Closed +10.7

skinny - 17 May 2011 07:54 - 101 of 358

BAE Systems Fined Up To $79 Million By US Department Of State
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Bae Systems (LSE:BA.)
Intraday Stock Chart
Today : Tuesday 17 May 2011

BAE Systems PLC (BA.LN), the defense company, Tuesday said it will pay a fine of up to $79 million after reaching a civil settlement with the U.S. Department of State in connection with violations of the U.S. defence export control regulations that were the subject of the company's earlier settlement with the United States Justice Department, announced Feb. 5.

MAIN FACTS:

-The fine will be payable over a period of three years, subject to a reduction of up to $10 million in respect of the cost of enhanced export control compliance measures already implemented by the company and planned for implementation during the four-year period.

-In addition, a limited number of the company's U.K.-originated export programs will be subjected to enhanced administrative review, which is not expected to adversely impact the company's current or future export programs.

-The Company will also make additional commitments concerning its ongoing compliance.

-Shares closed Monday at 339 pence valuing the company at GBP11.58 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

skinny - 26 May 2011 15:37 - 102 of 358

BAE Systems To Sell Regional Aircraft Asset Management Business

Today : Thursday 26 May 2011

Defense and aerospace firm Bae SYSTEMS PLC (BA.LN) said Thursday it has agreed to sell its Regional Aircraft Asset Management business and companies owning 151 regional aircraft to investment affiliates of Fortress Investment Group LLC (FIG) for $187 million in cash, subject to adjustment.

MAIN FACTS:

-Any adjustment to consideration will reflect the difference between the estimated and actual trading and aircraft sales from Jan. 1 up to completion.

-Up to $21 million of consideration will be deferred pending transfer of title of certain aircraft.

-Certain of the aircraft-owning companies are funded through the Systems 2001 Asset Trust financing, a private placement of debt securities completed in 2001.

-BAE Systems has also entered into an agreement with the relevant parties to the private placement, which provides for the acquisition and redemption of $514 million of the Series G Equipment Notes and Series B Equipment Notes issued under the Systems 2001 Asset Trust financing.

-Sale of the business will result in a small increase in the interest charge with the redemption of the structured finance but won't result in any material charge to profit and loss account.

-Net impact of the changes to financing and proceeds of the sale is expected to reduce the group's net debt by $180 million.

-Completion of the sale of the business is conditional upon, among other things, receiving regulatory approval and is expected to take place during the third quarter of 2011.

-BAE shares at 1255 GMT down 0.2% at 330 pence valuing the company at GBP11.29 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

skinny - 27 Sep 2011 07:32 - 103 of 358

BAE Systems to announce nearly 3,000 job cuts

Defence contractor BAE Systems is to formally announce later that it is cutting nearly 3,000 jobs in the UK.

Brough in East Yorkshire will see 900 jobs go, Warton in Lancashire will lose 822 posts and Samlesbury, also in Lancashire, will lose 565.

A further 655 jobs will also be lost at smaller sites, taking the final figure to 2,942, the BBC understands.

HARRYCAT - 12 Oct 2011 10:37 - 104 of 358

"Investec has downgraded UK defence contractor BAE Systems from buy to hold, saying that while third quarter trading was in line, uncertainties have persisted as expected.

The broker says that a lot of bad news is already price in, with the trading on a 6.6 times forward earnings.

"But with potentially (positive and negative) price-moving events coming up we move to a neutral stance," given that the shares have moved close to its 300p target price."

Chris Carson - 07 Dec 2011 17:51 - 105 of 358

Another Xmas punt bought on spread bet for no magical, technical or fundamental reason other than stock has rallied in December for the last 4 years :O)

Entered last Friday 2nd @ 274.6 initial target 290.0 stop 269.6

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Chris Carson - 07 Dec 2011 17:59 - 106 of 358

img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=BA.&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR4&MA=50;200;&EMA=&OVER=AreaBB;&IND=VOLMA;MACD;SlowSTO;AreaRSI;&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">

Chris Carson - 07 Dec 2011 18:35 - 107 of 358

Above supposed to be a 4 year chart, somehow managed to make a orchestral stalls of copying and pasting it.

HARRYCAT - 08 Dec 2011 06:35 - 108 of 358

Looks fine except you forgot to add the first < command.

Chris Carson - 08 Dec 2011 08:41 - 109 of 358

Chris Carson - 08 Dec 2011 08:42 - 110 of 358

Got it this time, looks a mess. :O) Stop to entry for risk free trade.

Chris Carson - 16 Dec 2011 08:39 - 111 of 358

Stopped out at the open, straight back in :O)

Chris Carson - 04 Jan 2012 12:13 - 112 of 358

Stop to initial target to lock in + 15.4

Chris Carson - 10 Jan 2012 10:04 - 113 of 358

Buy order triggered on the spreads today @ 293.7 Target 420.0.

HARRYCAT - 10 Jan 2012 10:26 - 114 of 358

420????? Greedy or mega optimistic!

Chris Carson - 10 Jan 2012 10:32 - 115 of 358

Fat finger Harry target 320.0 :O)

Chris Carson - 10 Jan 2012 11:46 - 116 of 358

Stop to entry for risk free trade.

goal - 10 Jan 2012 11:49 - 117 of 358

Chris, that was good timing,You got in at the lows of the day.

Chris Carson - 10 Jan 2012 11:56 - 118 of 358

Cheers goal, actual buy order was 292.0, opened @ 292.4 add in the spread from Caps platform hence 293.7 :O)

Chris Carson - 13 Jan 2012 09:44 - 119 of 358

Stop to 298.7 to lock in + 5.0

Chris Carson - 20 Jan 2012 09:55 - 120 of 358

Closed @ 311.7 + 18.0

skinny - 01 Feb 2012 07:10 - 121 of 358

India picks French jet over Eurofighter in $10bn deal

French firm Dassault has emerged as the lowest bidder for a $10bn (£6.3bn) contract to supply India jet fighters.

Dassault Aviation, as preferred bidder, will now enter final talks before signing a deal that will supply India's air force with 126 Rafale aircraft.

Correspondents say this is one of the world's biggest defence deals and is a major setback for rival bidder, the Eurofighter Typhoon.

Chris Carson - 01 Feb 2012 07:24 - 122 of 358

Typical, cheapskates. Went short yesterday @ 314.0

skinny - 01 Feb 2012 07:43 - 123 of 358

Dare I ask - how is the (not) smoking going!

Chris Carson - 01 Feb 2012 07:51 - 124 of 358

Struggling skinny, if you watched the Everton v City match last night must have smoked 5 in the last 10 mins :O) Will get there eventually though.

skinny - 01 Feb 2012 07:55 - 125 of 358

It is ultimately worth it - good luck!

It's all getting very interesting in the Premiership atm - which is great!

Premiership Table

Chris Carson - 01 Feb 2012 15:41 - 126 of 358

And out + 2.0

skinny - 16 Feb 2012 09:44 - 127 of 358

I totally missed this earlier - Final Results.

FINANCIAL KEY POINTS
- Headline sales2 reduced by 14%
- Underlying EBITA3 of £2,025m (2010 £2,179m) impacted by:
- a £160m charge in the first half on the Omani Offshore Patrol Vessel (OPV) programme
- a £125m benefit from a UK Ministry of Defence settlement agreement
- a £60m benefit from the increase in the carrying value of the Trinidad and Tobago OPVs upon agreement of a sale to the Brazilian Navy
- deferred recognition of sales and profit relating to the formalisation of price escalation on the Salam Typhoon programme
- Benefit of 5.9p per share from an agreement with the UK tax authorities
- Underlying earnings4 per share broadly in line with 2010, excluding the tax agreement benefit
- Total dividend increased by 7.4% to 18.8p
- £500m market purchase of shares completed
- $1.25bn (£0.8bn) debt financing completed

skinny - 02 Apr 2012 06:49 - 128 of 358

BAE Typhoon deal 'sustains' Warton and Samlesbury jobs

BAE Systems has won a £446m maintenance contract to offer support services for European Typhoon jets.

The order will help secure around 600 engineering, supply chain and project management jobs at the firm's plants in Warton and Samlesbury.

HARRYCAT - 13 Apr 2012 07:40 - 129 of 358

Ex-divi next wed 18th Apr (11.3p)

skinny - 02 May 2012 07:11 - 130 of 358

Interim Management Statement.

Trading for the period has been consistent with management expectations at the time of the 2011 preliminary results announcement on 16 February 2012. As previously indicated, whilst little sales growth can be expected for the Group in 2012 in the current market conditions, modest growth in underlying earnings per share is anticipated, assuming a satisfactory conclusion to Salam negotiations in 2012 and excluding the benefit of the 2011 Research & Development tax settlement. A higher level of operating business cash inflow is planned for the Group in 2012 with the anticipated benefit of cash receipts related to the Salam programme.

skinny - 03 May 2012 13:51 - 131 of 358

Where to now?

Chart.aspx?Provider=EODIntra&Code=BA.&Si

Chris Carson - 03 May 2012 14:10 - 132 of 358

I'm short from 293.9 initial target 280.0 stop now at entry. If 280.0 goes next target 270.0.

skinny - 03 May 2012 14:17 - 133 of 358

Looks a good trade Chris, the chart is certainly looking down.

Chris Carson - 03 May 2012 14:29 - 134 of 358

Less risky now stop at entry skinny, but you know what they are like similar to RR. if they win a contract sp jumps :O)

Chris Carson - 04 May 2012 16:32 - 135 of 358

Closed @ 283.1 + 10.8

skinny - 20 May 2012 08:10 - 136 of 358

BAE Systems: building the UK’s new aircraft carrier

It is the second biggest engineering project in the UK behind the Olympics, generates enough energy to power every home in Swindon and has been a topic of political debate for years - the building of Britain’s new aircraft carriers is continuing apace.

See the latest images of the UK's new aircraft carriers

skinny - 23 May 2012 11:03 - 137 of 358

BAE Systems and Saudi Arabia sign £1.9bn Hawk jet deal

British defence giant BAE has signed a £1.9bn ($3bn) deal with Saudi Arabia to supply Hawk trainer jets.

According to trade union Unite 218 jobs at the East Yorkshire factory where the aircraft is made will now be saved.

Negotiations over the deal had been going on "for some time", according to a BBC correspondent.

skinny - 31 May 2012 14:48 - 138 of 358

BAE Systems plans to cut 105 jobs at Glascoed, Monmouthshire

BAE Systems is planning to cut 105 jobs at a munitions factory in Monmouthshire.

A total 620 people are currently employed at Glascoed. The firm said around 80% of the cuts will be contractor posts.

BAE blamed increased automation, as a result of a £50 million investment, and reduced demand for ammunition from the Ministry of Defence (MoD).

It said the cuts were "vital" for the site to remain competitive.

HARRYCAT - 31 May 2012 16:03 - 139 of 358

Old tank factory in Newcastle also shutting down (ex Vickers site) with the loss of hundreds of jobs (Originally employed over 20,000 workers when commissioned during the first WW).

skinny - 19 Jul 2012 16:35 - 140 of 358

19 July 2012

BAE Systems completes sale of BAE Systems Tensylon assets

19 July 2012

Further to the agreement announced on 8 June, BAE Systems has now completed the sale of the assets comprising its BAE Systems Tensylon High Performance Materials Inc. ("Tensylon") business to E. I. du Pont de Nemours and Company for cash consideration of $18 million.

skinny - 02 Aug 2012 07:07 - 141 of 358

Half Yearly report

FINANCIAL KEY POINTS

‑ Sales1 reduced by 10%

‑ Underlying EBITA2 reduced by 3%

‑ Underlying earnings3 per share4 increased by 1%

‑ Order backlog1,6 increased to £40.0bn

‑ Non-US and UK order intake1 increased to £4.3bn

‑ Interim dividend increased by 4% to 7.8p per share

‑ Operating business cash inflow7 increased to £742m

OUTLOOK

In line with previous guidance, modest growth in underlying earnings3 per share4 is anticipated, assuming a satisfactory conclusion to the Salam pricing negotiations in 2012 and excluding the benefit in 2011 of the Research & Development tax settlement. A higher level of operating business cash inflow7 is planned in 2012 including the anticipated benefit of cash receipts related to the Salam programme.

skinny - 06 Aug 2012 18:21 - 142 of 358

BAE Systems wins South Korea jet upgrade deal

LONDON | Mon Aug 6, 2012 2:41pm BST

(Reuters) - Britain's BAE Systems (BAES.L) on Monday said its U.S. unit BAE Systems Inc had won a contract to upgrade South Korea's fleet of more than 130 F-16 fighter jets.

BAE said the exact value of the project was still being negotiated but that it is expected to be worth in excess of $1 billion, the lion's share of which will go to Europe's largest defence contractor.

skinny - 12 Sep 2012 15:51 - 143 of 358

In auction +9.8%

Must be this from earlier :- Exane BNP Paribas reiterates Underperform TP 280p :-)

skinny - 12 Sep 2012 16:02 - 144 of 358

skinny - 12 Sep 2012 16:05 - 145 of 358

EADS Said to Explore BAE Combination in Aerospace Revamp

European Aeronautic, Defence & Space Co., the parent of Airbus SAS, is in negotiations with BAE Systems Plc (BA/) about a combination of the two companies, people familiar with the talks said.

The talks are at an advanced stage and the two companies are exploring a transaction that would allow London-based BAE to maintain its independence to sell into the U.S. defense market, said one of the people, who asked not to be identified because the talks are private. A final deal hasn’t been reached, and an agreement may still fall through, the people said.

EADS Chief Executive Officer Tom Enders said today at the Berlin air show that he had no comment. BAE spokespeople declined to comment.
Combining the two companies would create a European counterweight to U.S. aerospace companies including Boeing Co. (BA), Airbus’s main competitor in civil aviation.

Chris Carson - 12 Sep 2012 16:07 - 146 of 358

Sadly missed this one skinny, good to see it back in form though ie does nowt then explodes on a contract win :O)

skinny - 12 Sep 2012 16:48 - 147 of 358

Stmnt re Share Price Movement

RESPONSE TO SHARE PRICE MOVEMENT

Further to the recent movement in BAE Systems' share price, BAE Systems plc (BAE Systems) and EADS N.V. (EADS) confirm that they are in discussions regarding a possible combination of their businesses. This potential combination would be implemented through the creation of a dual listed company structure, under which both companies would operate as one group by means of equalisation and other agreements but would be separately listed on their existing exchanges.

The discussions between the parties envisage that BAE Systems shareholders would own 40% and EADS shareholders 60% respectively of the enlarged group. It is contemplated that there would be a unified board and management structure with identical boards and executive committees at each of BAE Systems and EADS.

Stan - 13 Sep 2012 13:53 - 148 of 358

BAE Systems’ ( BAE ) proposed merger with European aerospace giant EADS is hogging the headlines, but BAE’s shares have this morning given up some of the sharp gains they made ahead of the announcement was published after trading closed yesterday. Maybe traders have digested the proposed deal and realised the complexity of it, which means any resolution will take months.

halifax - 13 Sep 2012 13:58 - 149 of 358

or may not go ahead.

halifax - 13 Sep 2012 14:38 - 150 of 358

how about a counter bid from thhe US?

skinny - 13 Sep 2012 15:35 - 151 of 358

Investors see obstacles, risks to BAE-EADS tie-up

ARIS/BERLIN | Thu Sep 13, 2012 3:09pm BST

(Reuters) - Shares in EADS and Britain's BAE Systems tumbled on Thursday as investors feared that a planned tie-up aimed at creating the world's biggest defence and aerospace group could run up against political and regulatory obstacles.

If talks unveiled late on Wednesday culminate in a deal, BAE shareholders would hold 40 percent and EADS investors 60 percent in a giant with products ranging from Airbus commercial planes to Typhoon warplanes and BAE's Astute-class nuclear-powered submarines.

skinny - 14 Sep 2012 06:35 - 152 of 358

Update - Investors see obstacles; rivals gain in BAE-EADS tie-up

WASHINGTON/PARIS | Fri Sep 14, 2012 12:07am BST

(Reuters) - Even as it creates the world's biggest aerospace company, the proposed merger of Europe's defence and aviation giants may help U.S. rivals win defence contracts, at least in the short-term, experts said Thursday.

The combination of Airbus parent EADS and Britain's BAE Systems could embroil them in a lengthy complex integration that would limit their ability to win new business.

skinny - 20 Sep 2012 14:44 - 153 of 358

EADS hopes for quick political decision on BAE plan

BERLIN | Thu Sep 20, 2012 1:35pm BST

(Reuters) - European aerospace group EADS is looking for a quick decision from governments on its plan to merge with British defence company BAE Systems, as France and Germany hold meetings to discuss a common position on the proposed tie-up.

"We are continuing constructive talks and hope for an agreement soon," a spokesman said on Thursday. "All the facts are on the table."

France's president, Francois Hollande, and German Chancellor Angela Merkel will discuss the merger plans at a meeting in Germany this weekend, with advisors due to meet on Thursday and Friday for preparatory talks.

halifax - 20 Sep 2012 14:46 - 154 of 358

EADS needs this merger....... they must be in trouble......BA. should go with BOEING.

skinny - 25 Sep 2012 06:43 - 155 of 358

Not exactly hot off the press :- Exclusive: Germany lists reservations on EADS/BAE deal

BERLIN | Mon Sep 24, 2012 3:42pm BST

(Reuters) - Germany has deep reservations about a proposed merger of Airbus parent EADS (EAD.PA) and Britain's BAE Systems (BAES.L), including doubts about whether the combined group would be safe from takeovers and could guarantee jobs.

Germany's doubts, revealed in an economy ministry document, obtained by Reuters on Monday, is the latest sign that the companies' plans to form a $45 billion aerospace and defence giant could fail to gain traction as a result of disagreement between Paris and Berlin over the degree of government say in the future company.

skinny - 26 Sep 2012 07:49 - 156 of 358

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

coeliac1 - 26 Sep 2012 13:10 - 157 of 358

Nil premium merger with Europeans, political oversight and the US looking on. Not a good mix.

skinny - 27 Sep 2012 09:29 - 158 of 358

Germany thinks more time needed for EADS/BAE talks

NICOSIA | Thu Sep 27, 2012 8:21am BST

(Reuters) - German Defence Minister Thomas de Maiziere said on Thursday he believed more time would be needed beyond an October 10 deadline to discuss a proposed merger between EADS (EAD.PA) and BAE Systems (BAES.L) to create an aerospace and defence giant.

"Perhaps we need more time. It depends on the answers for our questions and so I think we need more time," de Maiziere told reporters in Nicosia, when asked if he was optimistic the October 10 deadline could be met.

HARRYCAT - 27 Sep 2012 09:37 - 159 of 358

They can always apply for an extension to the deadline (as has Chemring/Carlyle t/o), so I can see this dragging on for quite a while yet.

skinny - 28 Sep 2012 06:55 - 160 of 358

Germany, France may seek combined 27 percent stake in EADS-BAE - report

BERLIN | Fri Sep 28, 2012 6:30am BST

(Reuters) - Germany and France may seek a combined 27 percent stake in a company to be formed from a planned merger of European aerospace group EADS and British defence contractor BAE Systems Plc, but Britain would be opposed, the Financial Times Deutschland said.

The stake would create a shareholder counterweight with the power to block decisions by the management of the new company, the newspaper said, citing sources familiar with the matter, in an article due to appear in its Friday edition.

The move could also prove a deal breaker since EADS boss Tom Enders has repeatedly said he wants to reduce state influence in a combined company and Britain and the United States remain wary of further state involvement.

skinny - 01 Oct 2012 07:42 - 161 of 358

EADS and BAE: Bosses urge political support for merger

The bosses of BAE Systems and EADS have issued a joint statement seeking support for their proposed merger.

The statement by Ian King and Tom Enders, published in UK, French and German newspapers, come as the firms seek a $45bn (£28bn) tie-up.

The merger would create a company "greater than the sum of its parts", said the chief executives.

They also need political support for the deal as France and Germany are keen to maintain their interests in EADS.

The two bosses argue the combined business would be more resilient, and better able to take advantage of opportunities for growth.

But they also want to replace the current arrangements which give three shareholders - the French state, the media group Lagardere and the German industrial group Daimler - effective control of EADS.

Instead, they say, the new group should be allowed to operate in a normal commercial manner, with all shareholders having the same rights.

However, that may cause friction with Paris and Berlin, with reports suggesting both governments are keen to preserve their influence within the new company.

Stan - 01 Oct 2012 08:02 - 162 of 358

Getting messy this one.

skinny - 01 Oct 2012 08:04 - 163 of 358

And for that reason - '"I'm out"

Stan - 01 Oct 2012 08:13 - 164 of 358

Probably a good call I reckon as well Skinny.

skinny - 02 Oct 2012 16:36 - 165 of 358

Typical - France, Germany clash over EADS-BAE headquarters, sources

BERLIN/LONDON | Tue Oct 2, 2012 3:11pm BST

(Reuters) - France and Germany have collided over the location of the headquarters for a new aerospace giant to be formed from a planned merger of Europe's EADS and Britain's BAE Systems (BAES.L), sources familiar with the matter said on Tuesday.

France wants the group's headquarters to be based in Toulouse, its southwestern aerospace capital where the Airbus planemaking subsidiary of EADS is based, but Germany is pressing for the group to be headquartered outside Munich, they said.

skinny - 05 Oct 2012 13:21 - 166 of 358

Spotlight on Germany as EADS, BAE inch towards deal

BERLIN/PARIS | Fri Oct 5, 2012 11:45am BST

(Reuters) - EADS and BAE Systems have edged closer towards winning political backing for a $45 billion (27 billion pounds) merger to create the world's biggest arms group amid positive signals from Britain and France, but German misgivings over control is a big obstacle, sources close to the talks said.

A number of potential stumbling blocks have emerged since the proposed tie-up between the Airbus manufacturer and the British defence group was announced last month. These include conflicting political interests in Britain, France and Germany, as well as some shareholders' dissatisfaction with the terms.

grevis2 - 10 Oct 2012 13:09 - 167 of 358

BAE Systems plc and EADS N.V.

Termination of talks regarding the
possible merger of BAE Systems and EADS

Following the announcements made by BAE Systems plc ("BAE Systems") and EADS N.V. ("EADS") on 12 September 2012 in relation to a possible combination of their businesses through a dual listed company structure, BAE Systems and EADS announce that they have decided to terminate their discussions.

skinny - 10 Oct 2012 15:57 - 168 of 358

BAE Systems: Where now for the UK's biggest manufacturer?

Amid recriminations over BAE Systems' failure to secure a tie-up with EADS, one question looms large. What does the UK's biggest industrial company do now?

HARRYCAT - 11 Oct 2012 12:00 - 169 of 358

SocGen's answer to the question:
"The big question is where does the group go from here?
In the press release announcing the termination of talks BAE management say that ‘our business remains strong and financially robust’ and ‘we remain committed to delivering total shareholder value and look to the future with confidence’. But what does this really mean and how will they deliver total shareholder value? The group will most likely revert to the original plan of dealing with defence cuts in the US and UK by reducing the cost base. This is hardly likely to deliver value. We continue to argue that the group should unlock value by demerging or selling off the US business. We note with interest that Mike Turner, the former CEO of BAE, also supports this thesis (FT interview – 8 October 2012), arguing that the US business would ‘realise a significant sum of money’.
How we value the stock - We reiterate our ‘Hold’ recommendation and our 350p target price. BAE must clearly be viewed as ‘in play’ now. Our TP assumes the mid-point of a fundamental valuation of 310p (based on peer ratios) and our take-out price of 390p, including a 25% premium for a bid for the group or parts of the group. Risks to TP: BAE divests some businesses (+); US defence cuts more severe than the 2% p.a. assumed (-). M&A is now clearly a swing factor."

Chris Carson - 24 Oct 2012 11:07 - 170 of 358

Powered by IST's

Wee bounce here today of 200DMA in at 312.0, won't hang about if proves to be a dead cat bounce.

Chris Carson - 02 Nov 2012 14:25 - 171 of 358

Stop to entry for risk free trade.

Chris Carson - 07 Nov 2012 12:01 - 172 of 358

Struggling a wee bit to get over and stay over 320.0 sincerely hope our Dave does the business.

Chris Carson - 27 Nov 2012 12:51 - 173 of 358

Went back in long @ 304.6 on 19th. Strong resistance @ 320.0 but if it can break through 350.0 could be a good target for year end. Stop to 312.0 to lock in profit if it goes tits up.

Chris Carson - 29 Nov 2012 15:25 - 174 of 358

Stop to 320.0 to lock in+ 15.4

Chris Carson - 30 Nov 2012 11:05 - 175 of 358

Stop to 325.0 to lock in 20.4

Chris Carson - 06 Dec 2012 08:53 - 176 of 358

Stop to 330.0 to lock in 25.4

Chris Carson - 06 Dec 2012 15:02 - 177 of 358

Stop to 335.0 to lock in + 30.4

skinny - 10 Dec 2012 06:37 - 178 of 358

HMS Audacious: MoD announces £1.2bn submarine contract

A new attack submarine, HMS Audacious, has been commissioned by the Ministry of Defence in a contract worth £1.2bn.

The BAE Systems deal, which will secure 3,000 jobs at Barrow-in-Furness in Cumbria, will progressively replace the Trafalgar Class currently in service.

A further £1.5bn has been committed to the remaining three Astute Class submarines being built, the MoD said.

Chris Carson - 18 Dec 2012 15:32 - 179 of 358

Stop to 340.0 to lock in 35.4

Chris Carson - 20 Dec 2012 07:30 - 180 of 358

BAE warns failure to agree Typhoon price with Saudi might hit profits

British defence giant BAE Systems warned profits might be lower than expected in 2012 because it has still failed to agree a price with Saudi Arabia for its Typhoon fighter jets despite securing the order five years ago.

The FTSE 100 company said “issues remain to be resolved before contract pricing, acceptable to all parties, can be agreed” on the programme to supply 72 jets to the Royal Saudi Air Force. It is a government to government deal known as “Salam” and worth roughly £4.5bn in total.
BAE said that if an agreement on price was not reached by the time it publishes its full-year results on February 21, the group’s underlying earnings per share would be about 3p per share lower than previously expected.
Analysts had been expecting earnings per share of around 40p, and a dividend of around 19p for the full year.
“The dividend wouldn’t be affected unless there was more and more slippage in earnings,” said Edward Stacey, analyst at Espirito Santo.
Mr Stacey said that despite the warning, he believed the Middle East would be a good growth market for BAE and has a “buy” recommendation on the shares.

Shares fell 1pc on Wednesday.
“Acceptable pricing terms remain the group’s driver to such an agreement, not the timing of the settlement,” BAE said. The Salam deal was originally struck before the global financial crisis took hold when the economic backdrop was far stronger.
BAE finalised a deal with Saudi in 2007, and delivered a total of 24 Typhoon aircraft between 2008 and 2011. It is thought that the price negotiations being thrashed out are partly retrospective.
The company said “all parties remain committed to the programme” and said building of the aircraft for the Royal Saudi Air Force continued, with delivery expected to start again in 2013.
BAE said it had made progress on some of its other work in Saudi, including negotiation on contracts to support and provide equipment under the Saudi British Defence Cooperation Programme for the next five years, which are expected to be signed before the end of 2012.
In May, BAE won a £1.6bn contract to support Royal Saudi Air Force training, which includes the supply of 22 new Hawk trainer aircraft, 55 Pilatus PC-21 aircraft, and other training equipment.
Last month David Cameron embarked on a major push to secure new Typhoon orders for BAE while on a three-day visit to the Middle East. It is hoped that Saudi will place what Downing Street sources described as a “substantial” order for more jets, on top of the 72 already agreed.
It is understood BAE is close to securing an order for 12 Typhoon jets from Oman, with hopes than an agreement will be reached by the end of the year.

skinny - 21 Dec 2012 07:32 - 181 of 358

Re Contract

BAE Systems and the Government of the Sultanate of Oman have entered into a contract for the supply of Typhoon and Hawk Advanced Jet Trainer aircraft to the Royal Air Force of Oman. The contract, valued at approximately £2.5 billion, provides for the delivery of 12 Typhoon and 8 Hawk aircraft starting in 2017.

BAE Systems is the prime contractor for both the provision of the aircraft and the agreed arrangements for in-service support.

ahoj - 21 Dec 2012 08:05 - 182 of 358

Great News..

Chris Carson - 21 Dec 2012 08:27 - 183 of 358

Closed (spreads) @ 342.8 + 38.2

skinny - 21 Dec 2012 08:27 - 184 of 358

Nice one squirrel.

Chris Carson - 03 Jan 2013 09:21 - 185 of 358

Probably being greedy, back in long on the spreads @ 350.4 if it can breach strong resistance @ 360.0 next target 380.0 pure punt. Tight stop @ 344.0

skinny - 21 Feb 2013 07:06 - 186 of 358

Final Results

FINANCIAL KEY POINTS

- Sales1 reduced by 7%

- Underlying EBITA2 reduced by 6% to £1,895m. Deferred recognition of sales and profit relating to the formalisation of price escalation on the Salam Typhoon programme

- Underlying earnings3 per share down by 2% (excluding the benefit in 2011 of the UK tax settlement)

- Order backlog1,5 increased by 8% to £42.4bn

- Non-US and UK order intake1 increased to £11.2bn from £4.8bn in 2011

- Total dividend increased by 4% to 19.5p

- Operating business cash flow6 increased to £2.7bn

- Net cash7 balance of £387m

- Three-year share repurchase programme of up to £1bn initiated

- Longevity risk on £2.7bn of pension scheme liabilities transferred to the insurance market

OUTLOOK

This outlook statement assumes US budgets are subject to Continuing Resolution for the first quarter of 2013 only and does not reflect the impact that might result from a US sequestration.

Subject to near-term uncertainties relating to US defence budgets, modest growth in underlying earnings3 per share is anticipated for 2013. This excludes any benefit from the share repurchase programme in 2013. In addition, and assuming a satisfactory conclusion to Salam pricing negotiations this year, there would be a further increase of around 3 pence in underlying earnings3 per share.

- Electronic Systems sales1 are expected to be at a similar level to those in 2012 with margins expected to be slightly lower within a range of 12% to 14%.

- Cyber & Intelligence sales1 are expected to be marginally lower than those in 2012 with margins expected to be within an 8% to 9% range.

- In Platforms & Services (US), Land & Armaments sales1 are expected to be approximately 10% below the 2012 level with margins around 8%. Support Solutions sales1 are expected to be marginally higher than in 2012, with slightly reduced margins.

- Platforms & Services (UK) sales1 in 2013 are expected to increase by around 25%, assuming a price escalation settlement and resumption of aircraft deliveries on the Salam Typhoon contract. Margins are expected to be similar to those in 2012.

- Platforms & Services (International) sales1 are expected to be marginally higher than in 2012. Margins are expected to benefit from the anticipated resolution of Salam Typhoon price escalation, and are expected to be at the top end of a 10% to 12% range.

- HQ costs are expected to be more than 10% lower than in 2012 and Group earnings3 are expected to reflect marginally lower underlying finance costs. An effective tax rate within a 23% to 25% range is expected.

skinny - 22 Feb 2013 14:54 - 187 of 358

Director/PDMR Shareholding

The Company was notified today that Charlotte Lambkin, a Person Discharging Managerial Responsibilities, exercised options over 8,226 ordinary shares of 2.5 pence each in BAE Systems plc under the BAE Systems Performance Share Plan at nil consideration on 22 February 2013 and subsequently disposed of 4,994 of those shares at a price of 350.087 pence per share. The transaction took place on the London Stock Exchange.

Chris Carson - 12 Mar 2013 05:00 - 188 of 358

This stock has been pretty consistant for the last five years,rising in Nov/Dec then takes a bath around now. Way the market is going reckon it will easily go through 380.0, any sign of weakness good for a short punt.

Chris Carson - 13 Mar 2013 09:39 - 189 of 358

Sell order triggered on the spreads @ 376.80 tight stop.

Chris Carson - 14 Mar 2013 08:53 - 190 of 358

Out for now @ 383.71 - 6.91

Chris Carson - 27 Mar 2013 08:55 - 191 of 358

Probably knitting fog, another bash at a short on the spreads @ 385.89 tight stop.

Chris Carson - 27 Mar 2013 12:07 - 192 of 358

Stop to entry for risk free trade.

Chris Carson - 28 Mar 2013 18:01 - 193 of 358

No sign of weakness whatsoever :O) Suspect increase in divi by 4% to 19.5p has a lot to do with it. (Ex-Divi 17/04 record date 19/04). If 400.0 breached can see 420.0 next resistance and 5 year highs. Think I'll just wait and see how it plays out next week still think it could go either way.

Chris Carson - 11 Apr 2013 12:27 - 194 of 358

Had a go at breaking 400.0, may well crack it today.

Chris Carson - 12 Apr 2013 09:11 - 195 of 358

Despite JP Morgan's downgrade to underweight from neutral today still a wee bit wary of going short yet. Ex Divi next Wed, lot can happen between now and then.

Chris Carson - 18 Apr 2013 16:31 - 196 of 358

Another bash short @ 379.50 tight stop, initial target 360.0

skinny - 18 Apr 2013 16:32 - 197 of 358

I hope you mean 389.50! :-)

Chris Carson - 18 Apr 2013 16:36 - 198 of 358

On Caps 379.50 skinny closed @ 378.70

skinny - 18 Apr 2013 16:40 - 199 of 358

Odd - when I looked there was a big white candle @389.8!

Long day!

Chris Carson - 03 May 2013 17:30 - 200 of 358

Put my stop to entry today fully expecting to get stopped out after US jobs report, didn't happen.

skinny - 08 May 2013 07:15 - 201 of 358

Interim Management Statement

Trading for the period has been consistent with management expectations at the time of the 2012 results announcement on 21 February 2013 and our outlook remains unchanged. Modest growth in underlying earnings per share for 2013 is anticipated, subject to the continued uncertainties relating to US defence budgets. This excludes the benefit from the share repurchase programme initiated in February 2013. In addition, and assuming a satisfactory conclusion to discussions with the Kingdom of Saudi Arabia relating to the formalisation of price escalation on the Salam Typhoon programme, there would be a further increase of around 3 pence in underlying earnings per share.

This outlook does not reflect the impacts on US defence spending arising from Sequestration. In March 2013, legislation was passed to set funding levels for the remainder of the 2013 Fiscal Year, which has allowed some limited flexibility to enable near-term priorities to be pursued. In April, a Presidential Request for a Fiscal Year 2014 budget was tabled which would replace Sequestration with selective spending cuts. However, and notwithstanding these developments, there is at this point insufficient detail on which to base revised outlook assumptions.

With the announcement of the full year results in February, the Group initiated a share repurchase programme of up to £1bn over three years. Full implementation of the programme remains subject to satisfactory resolution of the Salam Typhoon price escalation negotiations. As at 7 May 2013, BAE Systems had purchased 17 million shares for £65m under the programme.

skinny - 29 Jul 2013 16:29 - 202 of 358

12+ month high today @445p

skinny - 01 Aug 2013 07:09 - 203 of 358

Half Yearly report

Financial key points
‑ Sales2 increased by 1%

‑ Underlying EBITA3 decreased by 6%. Deferred recognition of sales and profit relating to the formalisation of price escalation on the Salam Typhoon programme

‑ Underlying earnings4 per share decreased by 4%

‑ Order backlog2,6 increased to £43.1bn

‑ Non-UK and US order intake2 of £4.8bn in the period

‑ Interim dividend increased by 3% to 8.0p per share

‑ Operating business cash outflow7 of £815m

HARRYCAT - 01 Oct 2013 08:07 - 204 of 358

Ex-divi wed 23rd Oct (8p).

Chris Carson - 24 Oct 2013 00:07 - 205 of 358

Chris Carson - 24 Oct 2013 00:37 - 206 of 358

On watch list. Had a great year, but since August stuck in a range, twelve months high 470 ish end of September, recent low 430. Was hoping todays ex - divi date would push SP lower than it has to give a better entry. Sort of stuck in the middle bang on 50DMA. See what happens tomorrow may be worth a punt initial target 480.

Chris Carson - 24 Oct 2013 14:22 - 207 of 358

Wee punt in @ 453.0 on the spreads Dec contract, may be premature this has been my banker for Xmas last five years. Tight stop.

Chris Carson - 31 Oct 2013 08:31 - 208 of 358

Out at the open @ 355.0 + 2

Stan - 06 Nov 2013 08:37 - 209 of 358

Portsmouth "Will" now close, Just announced.

skinny - 06 Nov 2013 09:07 - 210 of 358

Stan - have you missed a word out (not)?

Waiting for the official BA. announcement, but :- BAE Systems shipyards: Shipbuilding 'to stop' at Portsmouth

skinny - 06 Nov 2013 11:05 - 211 of 358

BAE Systems plc - Naval sector restructuring

BAE Systems has reached agreement in principle with HM Government on measures to enable the implementation of a restructuring of its UK naval ships business.

The agreement will result in:
· Restructuring of the contract for the Queen Elizabeth Class Aircraft Carrier programme.
· Provision of additional shipbuilding work prior to the start of the Type 26 Global Combat Ships programme.
· Rationalisation of the UK naval ship business to match future capacity requirements.

In 2009, BAE Systems entered into a Terms of Business Agreement (ToBA) with the Ministry of Defence that provided an overarching framework for significant naval shipbuilding efficiency improvements in exchange for commitments to fund rationalisation and sustainment of capability in the sector. The agreements announced today, together with an anticipated contract for the design and manufacture of the Type 26 Global Combat Ships programme, will progressively replace that ToBA.

Queen Elizabeth Class Aircraft Carrier
BAE Systems, with the other participants in the Aircraft Carrier Alliance, has agreed changes to the Queen Elizabeth Class Aircraft Carrier contract. Under the revised terms, the contract will be amended to accommodate programme changes and activities previously excluded from the contract.

Under the new Target Cost contract the industrial participants' fee will move to a 50:50 risk share arrangement providing greater cost performance incentives. The maximum risk to the industrial participants will continue to be limited to the loss of their profit opportunity.

The revised contract reflects the increased maturity of the programme, with structural assembly of the first of class vessel now substantially complete.

Interim shipbuilding workload
A significant reduction in workload will follow the peak of activity on the Aircraft Carrier programme, the six Type 45 destroyers and two export contracts. The anticipated Type 26 programme will, in future years, address some of that workload reduction. In the interim period, a proposed contract for the manufacture of three Offshore Patrol Vessels, announced today, will provide additional capability for the Royal Navy and sustain key shipbuilding skills.

Restructuring of the Naval Shipbuilding business
Following detailed discussions about how best to sustain the long-term capability to deliver complex warships, BAE Systems has agreed with the UK Ministry of Defence that Glasgow would be the most effective location for the manufacture of the future Type 26 ships. Consequently, and subject to consultation with trade union representatives, the Company proposes to consolidate its shipbuilding operations in Glasgow with investments in facilities to create a world-class capability, positioning it to deliver an affordable Type 26 programme for the Royal Navy.

Under these proposals, shipbuilding operations at Portsmouth will cease in the second half of 2014. Subject to consultation, Lower Block 05 and Upper Blocks 07 and 14 of the second Queen Elizabeth Class Aircraft Carrier will be allocated to Glasgow.

The Company remains committed to continued investment in the Portsmouth area as the centre of its Maritime Services and high-end naval equipment and combat systems business.

Consultation will commence on a total employee reduction of 1,775 that is expected to result from these restructuring proposals, including 940 in Portsmouth in 2014 and 835 across Filton, Glasgow and Rosyth, progressively through to 2016.

The cost of the restructuring will be borne by the Ministry of Defence.

The implementation of these restructuring activities will sustain BAE Systems' capability to deliver complex warships for the Royal Navy and secure the employment of thousands of highly skilled employees across the UK.

Chris Carson - 16 Nov 2013 18:43 - 212 of 358

BAE Systems slips ahead of possible news on UAE Eurofighter order

Company hopes for news of £6bn deal at Dubai air show next week, but no guarantee
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BAE Systems has slipped back ahead of next week's Dubai air show, when it hopes to hear news on a proposed £6bn Eurofighter deal with the United Arab Emirates.

The UAE, which is hosting the show, is deciding whether to buy the Eurofighter and Dassault Systems Rafale aircraft. The Rafale deal was said to be the most likely last year, but visits to the Gulf state by UK prime minister David Cameron and concerns about the terms put things back up in the air.

BAE shares are currently 5.2p lower at 449p, and JP Morgan Cazenove has repeated its underweight recommendation. The bank said:

In July this year BAE told investors that at the Dubai air show it hopes to be able to announce progress in securing a contract from the UAE for 60 Eurofighters and also unmanned aerial vehicles. We [have] argued that a UAE contract for Eurofighters and associated equipment would be worth around 45p per share for BAE, and that this was already discounted in the current price.

The bank laid out five possibilities for next week:

Scenario 1 (worst case) – contract awarded to a rival: Some French defence industry executives believe they still have a chance to secure the UAE fighter jet contract. We believe BAE is still the front runner but we cannot rule out the French or US being successful, though probably not at Dubai next week.

Scenario 2 – no announcements at all from the UAE regarding the procurement of fighter jets.

Scenario 3 – holding pattern: In November 2012 the UAE and UK governments released a statement saying they will "establish a defence industrial partnership that involves close collaboration around Typhoon." This was rightly seen as a positive development for the Eurofighter consortium, although there is no guarantee of a contract being secured. If the only outcome from Dubai next week is another statement along these lines, it would not be negative but probably a little disappointing.

Scenario 4 – a formal government to government deal between the UK and the UAE: This would a good outcome for BAE, we believe, as it would be a definite stepping stone to a final contract. In December 2005 the UK finalised such a deal with Saudi Arabia. BAE issued an RNS which said that "the Governments of Saudi Arabia and the UK have signed an Understanding Document, which is intended to establish a greater partnership in modernising the Saudi Arabian Armed Forces and developing close service-to-service contacts especially through joint training and exercises." We see a similar UAE-UK announcement as quite possible at Dubai.

Scenario 5 (best case) – an actual contract for 60 Eurofighters: This is less likely than scenario 4, in our view, but not impossible. We would not expect the deliveries to be before 2018 but BAE could benefit from a near- term prepayment on the contract.

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Friday 15 November 2013 12.35 GMT theguardian.com
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Chris Carson - 19 Nov 2013 11:44 - 213 of 358

Back in long on the spreads @ 441.8 may yet be premature, hoping 440.0 will act as support. Tight stop, target 470.0

Chris Carson - 11 Dec 2013 09:02 - 214 of 358

Not sure why this has bounced today, can't find any RNS assuming it's technical?

skinny - 11 Dec 2013 09:08 - 215 of 358

This probably helped :- U.S. Army Awards BAE Systems Key Role Supporting Missile Defense Programs

and

BAE set for export boost with latest Typhoon model

Chris Carson - 11 Dec 2013 09:13 - 216 of 358

Well spotted, thanks skinny.

skinny - 11 Dec 2013 09:32 - 217 of 358

Looking worth a punt.

skinny - 13 Dec 2013 12:29 - 218 of 358

Just had that punt!

Chris Carson - 13 Dec 2013 15:32 - 219 of 358

Have a buy limit waiting @ 431.

Chris Carson - 13 Dec 2013 16:24 - 220 of 358

Triggered.

skinny - 13 Dec 2013 16:30 - 221 of 358

You know it makes sense! :-)

Chris Carson - 13 Dec 2013 16:41 - 222 of 358

Hope so skinny, pays your money takes your chance :O)

skinny - 20 Dec 2013 06:24 - 223 of 358

UAE pulls out of Eurofighter deal

Aircraft manufacturer BAE Systems says the United Arab Emirates has pulled out of a deal to buy Eurofighter aircraft.

The Gulf state had been in talks with the company and the UK government to buy 60 Typhoon jets.

The union convenor at the firm's Warton factory in Lancashire said it was "very disappointing news to get before Christmas".

Chris Carson - 20 Dec 2013 08:13 - 224 of 358

Stopped out at the open -13

skinny - 20 Dec 2013 08:19 - 225 of 358

Chris - annoying!

I closed on Wednesday @433 +7.5 and couldn't believe how it opened and climbed yesterday!

skinny - 20 Dec 2013 08:25 - 226 of 358

JP Morgan Cazenove Underweight 425.45 380.00 355.00 Reiterates

Chris Carson - 20 Dec 2013 08:35 - 227 of 358

skinny - Way it goes, never saw that coming.

Chris Carson - 21 Dec 2013 13:26 - 228 of 358

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Chris Carson - 21 Dec 2013 13:34 - 229 of 358

Shares in BAE Systems slump by nearly 5% after Middle East deals setbacks
By DAILY MAIL CITY & FINANCE
PUBLISHED: 22:05, 20 December 2013 | UPDATED: 22:05, 20 December 2013
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Shares in defence giant BAE Systems slumped by almost 5 per cent yesterday after investors took fright at news that a potential £6billion contract to supply Typhoon warplanes to the United Arab Emirates was off.
The company announced to the stock market after trading closed on Thursday that the UAE had ‘elected not to proceed’ with the purchase of 60 of the Eurofighter jets and other security capabilities.
It also warned that protracted talks with Saudi Arabia over the pricing of 72 Typhoons, of which only 28 have so far been delivered, have stalled.
Negative news: BAE said talks with Saudi Arabia over the pricing of 72 Typhoons have stalled
Negative news: BAE said talks with Saudi Arabia over the pricing of 72 Typhoons have stalled
BAE (down 19.9p at 422.1p) said that if the ‘Salaam’ negotiations go past the end of its financial year, it could strip 6 to 7p off its earnings – the equivalent of around £225million.
Analyst Rob Stallard, of RBC Capital Markets, said: ‘The combined news is negative for BAE as we think some investors expected UK plc to deliver a UAE contract, especially after David Cameron visited for the Dubai Air Show.

More...
BE GRIFFITHS: Who will buy BAE Systems' Eurofighter now that UAE hopes fade?
Shares in BAE Systems slide after talks to build jets for United Arab Emirates fail
BAE SHARES: Check the latest price here
‘But Salaam could potentially prove the more worrying piece of news as its continued delay may spook investors into worrying that negotiations are not achieving any real progress.’
As defence budgets in its core UK and US markets come under pressure, BAE is being forced to look overseas to boost export orders.
It was pipped to the post for a 126-aircraft deal in India by French rival Dassault with its Rafale jet fighter. BAE was also hit yesterday by news that Canada had scrapped a £1.15billion plan to buy 108 armoured vehicles.
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Chris Carson - 21 Dec 2013 16:12 - 230 of 358

BEN GRIFFITHS: Who will buy BAE Systems' Eurofighter now that UAE deal fails?
By BEN GRIFFITHS
PUBLISHED: 22:02, 20 December 2013 | UPDATED: 22:15, 20 December 2013
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Just how serious is the failure of talks to sell 60 Eurofighter Typhoon jets to the United Arab Emirates for up to $10billion for manufacturer BAE Systems?
Some defence industry analysts believe that despite being shot down in flames, the deal could one day be resurrected, although potentially with a revised requirement for fewer aircraft if the political climate in the Middle East remains subdued.
Typhoon is Britain’s biggest industrial programme. The RAF is taking only 160 aircraft, so BAE and its project partners, EADS and Finmeccanica, must make more overseas sales.
Flagship jet fighter: The UAE Typhoon deal would have been a huge boost to BAE Systems
Flagship jet fighter: The UAE Typhoon deal would have been a huge boost to BAE Systems
Having relied on Ministry of Defence procurement for decades, by 2016 international sales are forecast to be half the business at the company’s Military Air & Information division, making connections with foreign governments vital to the firm’s prosperity.
Growth for BAE’s military aircraft operations depends on the business continuing to deliver for existing customers such as Saudi Arabia, while also winning new orders in places such as Malaysia.

More...
Who'll turn out the lights? Christmas decorations firm Fuzzwire falls into administration
Shares in BAE Systems slide after talks to build jets for United Arab Emirates fail
BAE SYSTEMS SHARES: Check the latest price here
Now the UAE deal is on ice, the implications for BAE are fairly serious. Decent exports both prolong the life of the programme along with thousands of highly skilled jobs as well as reducing the ultimate cost of developing and making the aircraft for the partner nations behind the Eurofighter.
Nevertheless, while the UAE Typhoon deal would have been a huge boost to BAE the company had not factored the potential sales into its financial forecasts. The same cannot be said of the protracted pricing negotiations with Saudi Arabia over a contract to deliver 72 Typhoons.
BAE itself admitted it will impact the group’s 2013 profits if not concluded quickly. This setback could shave 6 to 7p from annual earnings – or around a fifth of the previous after-tax profits – equivalent to some £225million.
Unlike the UAE deal, future consensus earnings can be affected by the ‘Salaam’ talks. So far 28 of the warplanes have been delivered to the Saudis and talks over the price to be paid for the aircraft have been rumbling on for more than two years. This is the second time the group has had to tweak its earnings outlook due to uncertainty about the deal.
For investors the UAE failure and ongoing Saudi Arabia negotiations are cause for concern because they raise questions about future growth potential. City analysts yesterday warned that the contract was one of the largest potential orders for Typhoon.
Many investors expected Britain to deliver the deal for the Eurofighter consortium, especially following an intervention by David Cameron at the recent Dubai Air Show. Yet Salaam could be the most worrying piece of news for investors in BAE Systems.
The company must now convince the market that negotiations over the Saudi deal are making progress. Meanwhile, BAE must look to other potential markets for its flagship jet fighter. The question is simply who will buy it?
Pressing on
Despite the UAE setback for Typhoon, defence trade organisation ADS Group has identified 13 priority markets for UK defence exports as well as the US, a key BAE Systems customer.
The group’s International Defence Market Strategy is designed to help manufacturers focus on growth based on countries’ relative market attractiveness, accessibility for UK companies and the size of their defence spending.
It’s no coincidence that the UAE features on that list as well as Saudi Arabia and Malaysia. But also included are Australia, Brazil, India, Indonesia, Japan, Oman, Poland, Qatar, South Korea and Turkey.
Britain is already the largest exporter of defence equipment and services in Europe. During 2012 defence exports surged by 62 per cent to £8.8billion – that’s around 40 per cent of the £22billion the sector generates for the UK economy each year.
Details of a strategic plan for the new Defence Growth Partnership between government and industry are expected to be released in July at the Farnborough Air Show.
As the sibling Aerospace Growth Partnership has already proved, the relationship between ministers and business can make the difference to key customers when it comes to securing orders.
Emerging markets in particular want to see commitment to inward investment in their countries before they will sign up to purchase expensive war-fighting and security equipment.
For companies looking to enter these lucrative markets, the help of UK Trade & Investment, ADS and other specialist organisations could tip the balance. Next year is shaping up to be a crucial year for the UK’s defence sector.
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skinny - 19 Feb 2014 07:49 - 231 of 358

BAE Systems - Agreement on Salam price escalation

19 February 2014

The Understanding Document signed by the Governments of the United Kingdom (UKG) and the Kingdom of Saudi Arabia (KSA) in 2005 included provision for the Typhoon aircraft acquisition by the KSA to be at 2005 economic conditions. Both Governments have now agreed price escalation terms relating to the Typhoon aircraft under the Salam programme and these have been reflected in contractual arrangements between the UKG and BAE Systems. The terms of the agreement are broadly consistent with the Group's prior trading outlook for 2013.

Cash settlement is expected to follow this pricing agreement, commencing in the early part of 2014.

Ian King, Chief Executive, BAE Systems, said: "This is an equitable outcome for all parties, I am pleased that we have been able to conclude this negotiation which builds on our long standing relationship with this much valued customer".

skinny - 20 Feb 2014 07:07 - 232 of 358

Final Results

Financial key points
- Sales3 increased by 2% to £18.2bn

- Underlying EBITA4 increased by 3% to £1.9bn and underlying earnings5 per share increased by 9% to 42.0p
- Equitable conclusion reached on price escalation negotiations with the Kingdom of Saudi Arabia

- Order backlog3,7 of £42.7bn maintained at 2012 levels with non-UK/US order intake3 of £9.3bn

- Robust, investment grade balance sheet, with net debt9 of £699m at year end

- Non-cash goodwill impairment of £865m in US businesses, due to increased weighted average cost of capital and taking into account lower US defence spending

- Full year dividend increased by 3% to 20.1p per share

- £850m returned to shareholders in 2013, including £212m on the share repurchase programme

Ian King, BAE Systems plc Chief Executive, said: "Overall, the Group delivered a solid performance in 2013, against the background of reduced government spending and challenging market conditions. A proactive focus on costs and enhanced competitiveness protected our margins across the majority of the business and we secured further contract wins in the US, Saudi Arabia and internationally. We have started 2014 with good momentum with a settlement on Salam pricing, US budgets in place and a well-defined UK Maritime sector plan. Budget pressures in some of the Group's larger markets are expected to prevail but BAE Systems has a broad-based portfolio. Our strong order backlog and robust balance sheet provide a solid basis for growth over the medium term."

Outlook
Following last year's non-recurring benefit from the Salam price escalation settlement, together with continuing US budget pressures, the Group's reported earnings5 per share is expected to reduce by approximately 5% to 10% compared to 2013.
Reporting segments
Electronic Systems: Sales3, in US dollars, in 2014 are expected to be similar to those in 2013 with margins at the high end of a 12% to 14% range.

Cyber & Intelligence: Sales3 in 2014 are expected to be broadly in line with those in 2013 with margins in an improved 8% to 10% range.

Platforms & Services (US): In 2014, sales3 in the Land & Armaments business (adjusted for the transfer out of the UK Munitions business into Platforms & Services (UK)) are expected to be some 20% to 25% lower with margins of around 9%. Sales3 in the Support Solutions business are expected to be a little lower in 2014 with mid-single digit margins.

Platforms & Services (UK): Following the trading in 2013 of the price escalation on the Salam Typhoon contract, and excluding the transfer of the UK Munitions business, sales3 are expected to reduce by around 5% with margins expected to return to a 10% to 12% range.

Platforms & Services (International): Sales3 are expected to be similar to 2013 with margins expected to be in a 10% to 12% range.

skinny - 21 Feb 2014 09:54 - 233 of 358

Barclays Capital Underweight 404.95 400.40 380.00 380.00 Reiterates

Cantor Fitzgerald Buy 411.40 400.40 490.00 460.00 Retains

skinny - 31 Jul 2014 07:26 - 234 of 358

Half Yearly Report

FINANCIAL KEY POINTS
- The second half bias on Typhoon aircraft deliveries together with the expected lower volumes at Land & Armaments contributed to a 10% decrease in sales2 (6% at constant currency)

- Good margin performance in most businesses, whilst reduced volumes decreased underlying EBITA3 by 7% (4% at constant currency)

- The benefits of the share repurchase programme and lower tax rate largely offset the lower underlying EBITA3 resulting in underlying earnings4 per share of 17.7p

- Large order backlog2,6 of £39.7bn after exchange translation of £0.4bn

- Interim dividend increased by 2% to 8.2p per share

- £618m returned to shareholders in the period, including £235m on the share repurchase programme

Acquisition

BAE Systems announces it has entered into an agreement for the proposed bolt-on acquisition of Signal Innovations Group, Inc. (SIG), a provider of imaging technologies and analytics to the US intelligence and defence communities.

President of BAE Systems Inc. Intelligence and Security, DeEtte Gray said: "Combining SIG's technologies with our existing intelligence tools and analysis capabilities will enhance our customers' ability to analyse tactical and strategic intelligence from around the globe. Together, we also have the potential to leverage our capabilities and bring this technology to a number of innovative commercial applications in an affordable way."

The proposed acquisition is conditional upon receiving certain regulatory approvals. It is anticipated the proposed acquisition will be completed during the third quarter of 2014.

skinny - 02 Sep 2014 07:54 - 235 of 358

Interesting in light of the current call for more arms.

Westhouse Securities Sell 456.00 456.00 360.00 360.00 Reiterates

Chris Carson - 02 Sep 2014 08:39 - 236 of 358

True skinny, but MACD and RSI look well overbought watching for now.

skinny - 02 Sep 2014 08:55 - 237 of 358

I guess most of the current geopolitical situation may be in the last months rise.

Chris Carson - 02 Sep 2014 09:34 - 238 of 358

It's tempting I must admit, just reluctant to commit any more funds at mo, see how the yanks react today :0)

Chris Carson - 03 Sep 2014 10:50 - 239 of 358

Resistance clearly @ 460.0 perhaps a retrace to see if support is valid @ 440.0 then go long skinny? Between devil and deep blue sea. Can't believe a word Putin says or doesn't say.

skinny - 03 Sep 2014 10:58 - 240 of 358

The Ukraine ceasefire may change the scenario short term?

Sorry Chris - misread your full post - I don't like gaps - call it 440p :-)

HARRYCAT - 02 Oct 2014 11:55 - 241 of 358

Investec note today:
"We are concerned that we have not yet seen the end of BAE’s negative earnings momentum, even if rising geopolitical concerns may explain the strong re-rating in recent months. We see limited growth opportunities to drive underlying earnings in the medium term, despite the heightened tensions, and downside risk to margins. The shares appear cheap on a PE basis, but less so on an adjusted 2015E EV/EBITA of 11.9x. In our view, a c.4.3% dividend yield does not compensate for downside earnings risk. Sell.
Forecasts: Post last week’s trading update, we reduce our FY14-16E EBIT forecasts by c.3% to reflect the £30m charge for commercial shipbuilding highlighted in the IMS, pricing pressure and the potential for further execution issues, which are difficult to predict (this sees our FY15/16E EBIT margin forecasts come down by 30bps). Our lower EBIT forecasts are partially offset by a lower tax rate (20%, down from 22%). Our updated FX forecasts (£1=$1.66 in FY14E from $1.71, and $1.63 for FY15E) have also been factored in. We cut our EPS forecasts by 1-2%
Geopolitics/budgets: Strategic statements and symbolic/limited air strikes do not portend a major change in Western defence budgets, in our opinion. However, rising geopolitical tensions in the Middle East and Eastern Europe have increased the likelihood of budgets stabilising in 2015/16 and beginning to grow at a measured pace thereafter. We do not see BAE as a major beneficiary if the conflict against IS in Iraq and Syria continues at current rates. However, investors are using BAE as the only liquid UK proxy in which to play increased geopolitical tensions in the region, in our view. We believe that weak fundamentals will override this kneejerk reaction. If the current US Continuing Resolution carries on into 2015, then we see further downside risk to earnings. We downgrade to Sell (from Hold)."

HARRYCAT - 21 Oct 2014 08:05 - 242 of 358

StockMarketWire.com
BAE Systems has entered into a definitive agreement to acquire Perimeter Internetworking Corp, which trades as SilverSky, a commercial cyber service provider, for $232.5m on a cash free and debt free basis.

SilverSky is a leading independent cloud-based managed security services provider operating in the fast-growing cyber security market providing services including email protection, network security and managed applications. Its customer base includes approximately 5,500 customers in the financial services, retail, healthcare, energy, critical infrastructure and manufacturing sectors.

SilverSky is largely focussed on the US market with a developing business in Asia and Europe. The business currently employs around 400 people with its headquarters in the Greater New York Area and principal operations in the US and the Philippines.

SilverSky is expected to generate sales for the 12 months ended 31 December 2014 of approximately $75m (£46.6m).

The proposed acquisition is expected to be accretive to earnings in the third year following closing with post tax returns expected to exceed BAE Systems' cost of capital in the fourth year following closing.

BAE Systems chief executive Ian King said: "The acquisition of SilverSky enhances our strategy to grow BAE Systems' Applied Intelligence commercial cyber security business. SilverSky has an established sales force, a complementary suite of scalable products and a large installed customer base, providing a proven route to commercial markets in the US and other countries for our combined capabilities.

"SilverSky's cloud-based email and network security solutions, its highly skilled resource in marketing and engineering, plus an experienced management team are an ideal fit for Applied Intelligence. Together, the enlarged business will offer corporate clients a suite of products and services to protect critical information and networks and detect cyber threats and financial crime. The enlarged business has outstanding growth opportunities."

The acquisition will be funded from BAE Systems' existing cash resources. The transaction is conditional upon receiving certain regulatory approvals and is expected to close before the end of 2014.

Chris Carson - 10 Dec 2014 14:05 - 243 of 358

In the fervent hope of a Santa rally punt long on the spreads @ 469.32

Chris Carson - 16 Dec 2014 13:12 - 244 of 358

Had a Limit Buy filled this morning @ 446.0 tight stop 436p

Chris Carson - 18 Dec 2014 08:04 - 245 of 358

Stop to entry for risk free trade.

Chris Carson - 18 Dec 2014 14:29 - 246 of 358

Stop to 456 to lock in + 10

Chris Carson - 19 Dec 2014 08:21 - 247 of 358

Stop to 460 to lock in + 14 out this morning locking in profits.

Chris Carson - 19 Dec 2014 12:00 - 248 of 358

Stopped out. Limit long left @ 465.0 stop 455.0

Chris Carson - 22 Dec 2014 08:11 - 249 of 358

Filled.

Chris Carson - 23 Dec 2014 08:20 - 250 of 358

Stop to entry for risk free trade.

Chris Carson - 24 Dec 2014 08:46 - 251 of 358

The British-based defence contractor said in a statement the programme aims to engineer and produce a limited initial number of the vehicles, called the Armored Multi-Purpose Vehicle (AMPV), to replace the Vietnam War-era M113.

The initial 52-month term of the contract, worth about $383 million, calls for 29 vehicles to be produced among five variants, with an option to follow with 289 more, for a total contract value of $1.2 billion, BAE said in a statement.

"The AMPV capitalizes on proven Bradley and M109A7 designs, meeting the Army’s force protection and all-terrain mobility requirements while enabling the AMPV to manoeuvre with the rest of the Armored Brigade Combat Team (ABCT)," the statement said.

Work is expected to start immediately, mainly at the company’s facilities in York, Pennsylvania, and Sterling Heights, Michigan, it said.

The programme was aimed at ultimately replacing 2,897 M113 vehicles, at the brigade and below level, the U.S. Army said in a statement announcing the contract award. It said replacements for another 1,922 M113s supporting Echelons Above Brigade may have different requirements, which had yet to be decided.

(Reporting by Eric Walsh; Editing by Eric Beech)

Chris Carson - 24 Dec 2014 08:49 - 252 of 358

http://uk.reuters.com/article/2014/12/24/uk-bae-systems-contract-vehicle-idUKKBN0K11UW20141224

Chris Carson - 30 Dec 2014 07:37 - 253 of 358

BAE in digital anti-tax-fraud push. (pg 13 Financial Times)

The European defence company is in talks to sell its NetReveal anti-tax evasion software to central European governments and expects to double its client base in the next two years.

Chris Carson - 30 Dec 2014 10:08 - 254 of 358

Results 19th Febuary, grinding slowly higher. Volume required.

skinny - 19 Feb 2015 07:12 - 255 of 358

Final Results

HARRYCAT - 16 Apr 2015 12:38 - 256 of 358

UBS note today:
"Downgrade to Neutral and off Key Call list after share price performance. As the share price approaches our price target of 540p, we do not believe there is sufficient upside potential to maintain the Buy rating and are downgrading to Neutral and removing from the UBS Key Call list. Our price target remains unchanged although our 2015e EPS is reduced by 3% due to lower margin forecasts, offset in 2016e by translation of US$ revenues at $/£ 1.50. We also believe that there is potential downside to sentiment as we believe that (a) the US budget will ultimately end up growing 2-4% (vs the 8% in the budget submission on 2nd February) and (b) increasing concerns over UK budget cuts. On the other hand, we remain optimistic that a Saudi Batch 2 Typhoon order could come through this year or early 2016.
US budget euphoria and UK budget concerns could hurt sentiment. We believe that the recent proposed 8% yoy increase to FY16 US budget will likely run into the sequestration wall and ultimately expect 2-4% growth. If we are wrong and the budget goes through as submitted, we estimate circa 3% upside to the BAE Systems fair value. Meanwhile, we are increasingly concerned about the outlook for the UK defence budget – in their manifestos, neither major party committed to 2% of GDP defence spend, while the SDSR is expected later in the year and is unlikely to be positive as we expect it to be budget driven rather than threat driven.
Cash returns remain attractive: The cash returns to shareholders (4% dividend yield + share buy-back) remain attractive, but offer limited upside to the European average of 3.7%. We expect the share buy-backs to continue for the rest of the year but believe new programmes may be more difficult in the face of increasing pressure from the pension regulator.
Valuation: trades on 12.4x ’15e EV/EBITA vs. 11.8x for UK & 11.4x for US peers. Our price target of 540p is based on a fundamental valuation of 570p using cash conversion of 88%, 5 year profit growth of 2.5% and a WACC of 9%, implying a fair value multiple of 13x 2015e EV/EBITA, less a 5% discount for defence budget uncertainty.

Chris Carson - 03 Jul 2015 08:26 - 257 of 358

Been hammered, well oversold. Tentative long on spreads yesterday @ 454.02.

Chris Carson - 03 Jul 2015 08:35 - 258 of 358

Broker notes mixed. Half yearly results end of July.LATEST BROKER VIEWS

Date Broker New target Recomm.
2 Jul Investec 440.00 Sell
23 Jun RBC Capital... 560.00 Outperform
22 Jun Credit Suisse 610.00 Outperform
12 Jun Barclays... 430.00 Underweight
9 Jun Kepler... 475.00 Hold
9 Jun JP Morgan... 445.00 Underweight
27 May Espirito... 615.00 Buy
11 May Berenberg 530.00 Hold
8 May Deutsche Bank 495.00 Hold
1 May Jefferies... 600.00 Buy

Chris Carson - 03 Jul 2015 15:09 - 259 of 358

UBS upgraded BAE Systems to 'buy' from 'neutral' but cut the price target to 510p from 540p.

It said the recent weakness in the BAE share price was caused by uncertainty around the future of the Williamstown shipyard and the Eurofighter Typhoon programme, as well as the pending Strategic Defence and Security Review (SDSR).

However, it upgraded the stock, saying that even after de-risking its forecast, the valuation is attractive. Also, "in times of uncertainty we find BAE's independence from the economic cycle attractive."

Source - Sharecast

Chris Carson - 06 Jul 2015 15:18 - 260 of 358

Date Broker New target Recomm.
6 Jul Morgan Stanley 570.00 Overweight

Chris Carson - 06 Jul 2015 15:48 - 261 of 358

Morgan Stanley upgrades BAE Systems to 'overweight', sees buying opportunity
Mon, 06 July 2015

Morgan Stanley upgraded BAE Systems to 'overweight' from 'equalweight' and kept its price target at 570p, saying the de-rating was overdone.
The bank said that given the stock's defensive attractions, it was surprised at its recent undeperformance.

"Programme and defence budget concerns look overdone, creating a valuation anomaly and more than 25% upside to our unchanged price target," said the bank.

"We don't expect Typhoon production to have to slow, while any scaling back in Australia shouldn't be material," said MS. "At the same time, defence spending reviews in the UK and US should hold no fears for BAE."

It said that while it expects BAE's 2015 results to be weighted towards the second half, a solid first-half performance and outlook on 30 July could be a positive catalyst to buck the recent de-rating trend.

Chris Carson - 06 Jul 2015 15:52 - 262 of 358

skinny - 08 Jul 2015 13:38 - 263 of 358

2% for defence

Mr Osborne says he will meet the Nato pledge to spend 2% of national income on defence - every year of this decade.

That should help!

Chris Carson - 08 Jul 2015 15:04 - 264 of 358

Yes nice wee bounce on that news skinny, fingers crossed NOT dead cat,

Chris Carson - 09 Jul 2015 10:12 - 265 of 358

Stop to entry for risk free trade.

Chris Carson - 10 Jul 2015 08:15 - 266 of 358

Stop to 464.02 to lock in + 10

HARRYCAT - 10 Jul 2015 10:05 - 267 of 358

Berenberg lifts BAE Systems to buy from hold, target raised from 530p to 570p.

Chris Carson - 13 Jul 2015 08:11 - 268 of 358

Stop to 474p to lock in + 20

Chris Carson - 14 Jul 2015 11:58 - 269 of 358

Stop to 479.2 to lock in + 25

At least this one I have managed to call right.

Chris Carson - 30 Aug 2015 13:00 - 270 of 358

This is another stock throughout this Bull Market that has managed to rally in the final quarter.

Chris Carson - 30 Aug 2015 13:16 - 271 of 358

22/10/15 Ex divi date.

skinny - 21 Sep 2015 14:54 - 272 of 358

Chart of the week: Major breakout at this blue chip

Chris Carson - 30 Oct 2015 10:18 - 273 of 358

Three times this has bounced of this line? Watching.

Chris Carson - 02 Nov 2015 11:29 - 274 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
29 Oct Haitong... 560.00 Buy
29 Oct Credit Suisse 460.00 Neutral
28 Oct Exane BNP... 490.00 Neutral
19 Oct Barclays... 410.00 Underweight
6 Oct Haitong... 560.00 Buy
1 Oct JP Morgan... 435.00 Underweight
30 Sep Kepler... 475.00 Hold
21 Sep Haitong... 560.00 Buy
4 Sep Espirito... 615.00 Buy
1 Sep Barclays... 410.00 Underweight
Broker Recommendations for BAE Systems

cynic - 02 Nov 2015 16:14 - 275 of 358

well spotted chris
if, and remains a big if, the markets are indeed taking a turn for the better, then this could be a beneficiary, even if only on the basis of the chart

Chris Carson - 02 Nov 2015 16:24 - 276 of 358

Fingers crossed cynic.

cynic - 02 Nov 2015 16:26 - 277 of 358

i've taken wilder punts - and lost!

Chris Carson - 04 Nov 2015 11:04 - 278 of 358

Chart.aspx?Provider=EODIntra&Code=ADN&Si

Steady as she goes, nudged above 50DMA intra-day.

Chris Carson - 04 Nov 2015 11:06 - 279 of 358

Don't ask, mouse is pissed. Try again below. Similar to ADN though, as long as market doesn't implode :0)

Chris Carson - 04 Nov 2015 11:07 - 280 of 358

Chris Carson - 04 Nov 2015 11:07 - 281 of 358

Chris Carson - 04 Nov 2015 11:08 - 282 of 358

Got it :0)

Chris Carson - 12 Nov 2015 08:09 - 283 of 358

BAE Systems - Trading update

12 November 2015

BAE Systems today issues this statement to provide an update on its business to reflect developments affecting near-term trading performance.

Ian King, Chief Executive BAE Systems plc, commented: "Overall the company is operating in an improving business environment and we continue to win new orders, with good prospects for the future. In the short term, action to extend the production life of Typhoon aircraft by reducing the current production rate and a charge to impair the carrying value of the Williamstown shipyard in Australia will impact the Group's 2015 results. Including a benefit of some 2 pence from adjustment of certain overseas tax provisions in the light of rulings received, the Group's underlying earnings per share for 2015 are expected to be around 38 pence."

Business environment
Defence and security remain the first priority of governments in all of our markets. In the UK, budget commitments to defence spending provide greater certainty and stability ahead of the forthcoming 2015 Strategic Defence and Security Review. In the US, the Group welcomed the recent Congressional budget approval which is expected to result in defence spend increasing above the previous Budget Control Act caps. We continue to achieve good growth in our businesses in adjacent commercial markets including cyber security and commercial electronics.

Military aircraft
In the Middle East, an agreement for the supply of 28 Typhoon aircraft for the Kuwait Air Force was announced in September. Subject to the formal contract, deliveries from the Italian Typhoon final assembly line are likely to commence around the end of the decade. To ensure production continuity at competitive costs over the medium term, actions are being taken to reduce the Group's current Typhoon production rate. As a result, the Group is today announcing a proposal to reduce the workforce of the Military Air & Information business by up to 371 roles. These changes will impact the Group's 2015 results. The lower production rate, together with the existing profile of contracted aircraft deliveries, is expected to result in Typhoon production sales reducing from approximately £1.3 billion in 2015 to approximately £1.1 billion in 2016.

Although there can be no certainty as to the timing of orders, discussions with current and prospective operators of the Typhoon aircraft continue to support the Group's expectations for additional Typhoon contract awards in the months ahead.

Agreement has been reached confirming the requirement for 22 Hawk advanced jet trainer aircraft, associated ground equipment and training aids for the Royal Saudi Air Force, which form part of an enhancement to the Kingdom's pilot training capacity.

Australia
In Australia, whilst the Group welcomed the announcement by the Government of its intention to launch a naval shipbuilding strategy, it is unclear whether this initiative will be sufficient to provide for the viability of the Williamstown, Melbourne shipyard. With no near-term prospect of work beyond the LHD programme and Air Warfare Destroyer block manufacture, the Group has announced further headcount reductions and a consolidation of its operating divisions from 3 to 2 to reduce management costs and remain competitive. A non-cash impairment of the carrying value of the Williamstown shipyard assets will be charged to the Group's 2015 results.

US
In October, BAE Systems was awarded the contract to provide the digital electronic warfare system for the US Air Force's Eagle Passive Active Warning Survivability System (EPAWSS) programme to upgrade up to 450 F-15 aircraft. The Group's initial EPAWSS contract is valued at $67 million and is expected to rise beyond $1 billion over the life of the programme. In September, the Group was notified that its solution for the US Army's Common Infrared Countermeasures (CIRCM) programme had not been selected.

BAE Systems' US ship repair business is responding to changes in the profile of its US Navy workload. Anticipated reductions in its Norfolk, Virginia, based work load on the Atlantic Coast will occur during 2015/16, with activity increasing subsequently following investment in capital facilities at the Group's San Diego shipyard on the Pacific Coast.

In October, BAE Systems' Platforms & Services (US) sector was awarded two contracts totalling $0.5 billion to supply armoured vehicles to US and international customers.

Following external interest, in April BAE Systems announced a strategic review of the manpower and services activities of its US-based Intelligence and Security (I&S) sector. The review has concluded that retaining the businesses delivers greater value. The business continues its good performance and order intake.

Conclusion
Overall, the Group expects good sales growth in 2015 and a robust order backlog at the half year of £37.3 billion underpins confidence in the future prospects for the business.

Full year results
BAE Systems will announce its financial results for the year ending 31 December 2015 on 18 February 2016.

Issued by:
BAE Systems plc
London

Chris Carson - 12 Nov 2015 08:37 - 284 of 358

Market would appear to like this update.

cynic - 12 Nov 2015 08:38 - 285 of 358

so do i :-)
good call of yours a couple of weeks back

Chris Carson - 12 Nov 2015 08:40 - 286 of 358

Thanks cynic.

Chris Carson - 12 Nov 2015 13:02 - 287 of 358

Some resistance @ 470p if it breaks 490 next target.

Chris Carson - 12 Nov 2015 18:02 - 288 of 358

Interactive Investor worth a read.

Bullish BAE Systems bucks trend
By Harriet Mann | Thu, 12th November 2015 - 17:03

Chris Carson - 13 Nov 2015 10:48 - 289 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
13 Nov Investec N/A Sell
13 Nov JP Morgan... 465.00 Neutral
13 Nov Barclays... 410.00 Underweight
10 Nov Jefferies... 600.00 Buy
9 Nov JP Morgan... 435.00 Underweight
9 Nov Berenberg 570.00 Buy
29 Oct Haitong... 560.00 Buy
29 Oct Credit Suisse 460.00 Neutral
28 Oct Exane BNP... 490.00 Neutral
19 Oct Barclays... 410.00 Underweight
Broker Recommendations for BAE Systems

Chris Carson - 18 Nov 2015 11:29 - 290 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
18 Nov Haitong... 560.00 Buy
18 Nov Berenberg 570.00 Buy
13 Nov Investec N/A Sell
13 Nov JP Morgan... 465.00 Neutral
13 Nov Barclays... 410.00 Underweight
10 Nov Jefferies... 600.00 Buy
9 Nov JP Morgan... 435.00 Underweight
9 Nov Berenberg 570.00 Buy
29 Oct Haitong... 560.00 Buy
29 Oct Credit Suisse 460.00 Neutral
Broker Recommendations for BAE Systems

Stop moved up to 470p. Looking a bit toppy. But ironically present time seems a no brainer to be long in both BA. and MGGT. Trend is your friend till it isn't.

Chris Carson - 18 Nov 2015 11:37 - 291 of 358

Stan - 18 Nov 2015 11:40 - 292 of 358

These had a leg up after Friday's events, I meant to have had a look but other things to think about.

Even the likes of Chemring following the same path.

Chris Carson - 18 Nov 2015 11:49 - 293 of 358

Whole sector up Stan, but you know the old saying, buy low sell high. Just make sure you have a good stop and in this market a day never mind a week is volatile. :0)

Chart.aspx?Provider=EODIntra&Code=MGGT&S

Chart.aspx?Provider=EODIntra&Code=MGGT&S

Chris Carson - 19 Nov 2015 08:38 - 294 of 358

Stop to 479p

Chris Carson - 20 Nov 2015 09:43 - 295 of 358

BA. should have set a limit @ 490p breached it yesterday, having a another attempt today. Stop still @ 479p.

jimmy b - 20 Nov 2015 09:57 - 296 of 358

Good call here Chris .

Chris Carson - 20 Nov 2015 10:08 - 297 of 358

Fingers crossed jimmy, had a good run.

Chris Carson - 20 Nov 2015 13:48 - 298 of 358

BAE Systems shares rise after Investec upgrades to buy
Sharecast

LONDON (ShareCast) - (ShareCast News) - Shares (Berlin: DI6.BE - news) in BAE Systems (LSE: BA.L - news) are up after Investec (LSE: INVP.L - news) upgraded the stock from 'sell' to 'buy' on Friday, as well as upgrading the target price from 410p to 530p. It (Other OTC: ITGL - news) comes a day after the FTSE 100 company announced it won an extension to its nuclear submarine deal from the UK Ministry of Defence, taking the value of the work on the Astute-class vessel to £1.3bn.
Investec said that BAE stands to benefit from the UK's Strategic Defence and Security Review (SDSR) out next week, which will clear up the country's defence and security priorities.
"The UK Government's "prosperity agenda" suggests the SDSR rhetoric may be more favourable to UK suppliers than previous reviews.
"A decision, as part of the SDSR, to extend the lives of the RAF's Tornado and Eurofighter Tranche 1 aircraft could also be positive." Investec also noted that the approval of a two-year US defence budget should help reduce uncertainty across the Atlantic for the company.
In addition, it said that there had been some bad news for the company recently, but the impact was smaller than expected and is now out of the way.
"BAE does not expect a follow-on order for Eurofighters from Saudi Arabia in 2015 and has decided to slow down production from 2016.
"The cut in production rates is in line with our forecasts, but encouragingly the financial impact will be smaller than we expected." Morgan Stanley (Xetra: 885836 - news) sees opportunities "We think the SDSR needn't pose any risks to BAE,and may in fact present some new opportunities," analysts at Morgan Stanley chipped in.
Among those opportunities, the broker pointed out the possibility of work in upgrading the RAF's Tranche-1 Typhoon jets, in the absence of which IHS Jane's in July said the UK's combat fleet levels could to historical lows.
Greater clarity on the final order size for the next generation F-35 air superiority figher would "be supportive for the long-term outlook" of BAE. Nonethless, a final decision was not expected until 2017.
Yet the biggest prize in the pipeline, with the Main Gate decision scheduled for 2016, was the Successor nuclear programme for the production of focur nuclear-powered submarines. That would be worth around £15bn in sales for BAE, analysts Jaime B Rowbotham and Joseph Ayoola said.

Chris Carson - 20 Nov 2015 13:49 - 299 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
20 Nov Investec 530.00 Buy
18 Nov Haitong... 560.00 Buy
18 Nov Berenberg 570.00 Buy
13 Nov Investec N/A Sell
13 Nov JP Morgan... 465.00 Neutral
13 Nov Barclays... 410.00 Underweight
10 Nov Jefferies... 600.00 Buy
9 Nov JP Morgan... 435.00 Underweight
9 Nov Berenberg 570.00 Buy
29 Oct Haitong... 560.00 Buy
Broker Recommendations for BAE Systems

Chris Carson - 20 Nov 2015 15:11 - 300 of 358

Stop to 489p

Chris Carson - 20 Nov 2015 15:47 - 301 of 358

Chris Carson - 24 Nov 2015 16:30 - 302 of 358

Latest broker views

Date

Broker

New target

Recomm.

24 Nov Jefferies... 600.00 Buy
20 Nov Investec 530.00 Buy
18 Nov Haitong... 560.00 Buy
18 Nov Berenberg 570.00 Buy
13 Nov Investec N/A Sell
13 Nov JP Morgan... 465.00 Neutral
13 Nov Barclays... 410.00 Underweight
10 Nov Jefferies... 600.00 Buy
9 Nov JP Morgan... 435.00 Underweight
9 Nov Berenberg 570.00 Buy

Broker Recommendations for BAE Systems

Chris Carson - 26 Nov 2015 19:19 - 303 of 358

Now at 2008 highs, if rally continues breakout within touching distance. Stop on spread bets @ 499p

Chris Carson - 21 Dec 2015 12:32 - 304 of 358

Trying for the third time to break 500p. Needs volume, get going Santa :0)

Chris Carson - 06 Jan 2016 13:30 - 305 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
6 Jan RBC Capital... 630.00 Top pick
5 Jan Haitong... 560.00 Buy
4 Dec Deutsche Bank 505.00 Hold
24 Nov Jefferies... 600.00 Buy
20 Nov Investec 530.00 Buy
18 Nov Haitong... 560.00 Buy
18 Nov Berenberg 570.00 Buy
13 Nov Investec N/A Sell
13 Nov JP Morgan... 465.00 Neutral
13 Nov Barclays... 410.00 Underweight
Broker Recommendations for BAE Systems

Chris Carson - 08 Jan 2016 08:19 - 306 of 358

Questor share tip: Hold your ground and buy defence giant BAE Systems
BAE's shares have had a good run but there's more value to be had in retaining the current position

BAE Systems
505.5p -7p
Questor says Buy
Having tracked lower for most of last year, shares in BAE Systems, the world’s second-largest defence company, spiked in November as it settled concerns about one of its major projects. Questor last looked at BAE in August, rating it a buy at 446p. It’s time to review that position and work out whether to advance, retreat or hold the ground.
BAE is one of the partners in the Typhoon fighter project and there had been worries about whether the company would be able to keep the production line going, with orders running out.

But BAE ended uncertainty about this in November, announcing it was cutting the production rate, meaning the line would continue until 2020, giving it more time to find buyers.
This move “effectively de-risked the programme until the end of the decade”, according to RBC’s Robert Stallard, who has named BAE as a top pick.
Saudi Arabia, seen as the most likely customer for more Typhoons, has yet to place a new order, but rising tensions in the Gulf could push this up Riyadh’s agenda, and the rate cut looks a smart move.

The company is also a partner in building F-35 Lightning II fighters, the world’s biggest defence project. While controversy remains over the jet’s performance, the programme is too big to fail and will be made to work by military buyers. With BAE building about 15pc of each F-35, it’s going to be one of the company’s flagship projects.

HARRYCAT - 19 Jan 2016 11:33 - 307 of 358

Credit Suisse summary today:
"We downgrade BAE Systems to Underperform (from Neutral), with a target price of 470p (vs 460p). Adopting an underperform rating on a defence stock is not easy in the current stock market and geopolitical environment, but BAE Systems is not our preferred one in this segment (Thales, O/P, EUR80 TP is), in particular after its recent strong performance."

Chris Carson - 13 Feb 2016 10:01 - 308 of 358

BA. report full year results next Thursday. RR. took me by surprise yesterday after their recent profit warnings. If this rally continues and not confident it will, may be worth a punt leading up to results for a trade. Have a Limit Buy waiting @ 471p spread bet. If triggered tight stop, target 500p

Chris Carson - 13 Feb 2016 13:47 - 309 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
12 Feb Deutsche Bank 505.00 Hold
11 Feb Deutsche Bank 505.00 Hold
2 Feb Haitong... 560.00 Buy
29 Jan Barclays... 410.00 Underweight
29 Jan Jefferies... 600.00 Buy
26 Jan Goldman Sachs 659.00 Buy
20 Jan Berenberg 570.00 Buy
19 Jan Haitong... 560.00 Buy
19 Jan Jefferies... 600.00 Buy
19 Jan Credit Suisse 470.00 Underperform
Broker Recommendations for BAE Systems

Chris Carson - 13 Feb 2016 15:21 - 310 of 358

BAE brings in Charles Woodburn as heir apparent to chief executive Ian King
Defence giant BAE Systems is expected to announce Charles Woodburn as its new chief operating officer early next week

By John Ficenec2:20PM GMT 13 Feb 2016

BAE Systems is to announce Charles Woodburn as its new chief operating officer early next week as the defence giant prepares for chief executive Ian King to hand over the reins.
The FTSE 100 company – the world’s second-largest arms manufacturer and one of Britain’s leading exporters – is understood to have created the new role for Mr Woodburn, who will report directly to Mr King.
BAE has chosen the 45-year-old Mr Woodburn, a defence industry outsider, to bring a fresh perspective to the business, according to sources close to the matter.
Mr Woodburn, an engineering graduate from Cambridge, spent 15 years with Schlumberger the worlds largest oil services group before becoming chief executive of UK-based oil services group Expro International in 2010, according to Sky News Business that first revealed the appointment.
There is “no suggestion” that Mr King's departure from the top job is imminent, with defence sources saying that hiring a defence industry outsider and giving them time to learn the busines alongside Mr King is a very snesible move. BAE is not understood to be considering any other candidates for the role.
A final decision on who will replace Mr King as chief executive will be decided by the board at a future date.
Mr King is expected to stay as chief executive for up to two years during the succession process.

Mr King took the top job at BAE in 2008, taking over with a remit to clean up the company’s reputation which had been damaged by bribery and corruption allegations.
He joined the business when it bought Marconi in the late 1990s and held a string of senior positions including that of chief operating officer before the role was disbanded when he stepped up.
BAE will announce its annual results for 2015 on Thursday, with City analysts expected sales of £17.4bn and pre-tax profits of £1.4bn.
Shares in the defence group ended last week down 2.5pc, to 467.1p, giving BAE a market capitalisation of £14.8bn.
BAE declined to comment.

Chris Carson - 15 Feb 2016 08:24 - 311 of 358

LATEST BROKER VIEWS

Date Broker New target Recomm.
15 Feb Exane BNP... 537.00 Outperform

Chris Carson - 16 Feb 2016 12:21 - 312 of 358

Steady as she goes. Stop to 480p to lock in a profit.

Chris Carson - 17 Feb 2016 09:39 - 313 of 358

Stop to 490p

Chris Carson - 17 Feb 2016 15:37 - 314 of 358

Out the spreads @ 497p. Let's see how Full Year Results pan out tomorrow.

Chris Carson - 18 Feb 2016 07:32 - 315 of 358

BAE Systems operating profits up

StockMarketWire.com

BAE Systems posts operating profits of GBP1,502m for 2015 - up from GBP1,300m last time. The final dividend of 12.5p per share takes the total to 20.9p per share for the year - an increase of 2% over 2014.

Sales1 increased by �1.3bn to �17.9bn, including a �0.8bn benefit to UK sales from increased aircraft deliveries to Saudi Arabia and sales from the trading of equipment on the European Typhoon programme and the increased activity across the naval business. Exchange translation added �0.2bn compared to prior year.

Underlying EBITA fellby �19m, to �1,683m, impacted by both the previously announced Typhoon production slowdown and Australian shipyard impairment and rationalisation charges. There was an exchange translation benefit of �15m.

Underlying earnings per share rose by 2.2p to 40.2p, including a 2.6p benefit from the previously announced overseas tax provision release and an additional 1.7p benefit from a UK tax provision release.

And the group says the large order backlog of �36.8bn underpins confidence in the future prospects for the business.

Chief executive Ian King said: "We have delivered another year of solid performance. BAE Systems has a large order backlog generated by a well-balanced portfolio of businesses serving the needs of customers in many of the world's larger accessible markets. The Group is well placed to continue to generate attractive returns for shareholders as defence budgets recover and our commercial adjacencies of cyber and commercial electronics continue to grow."

Story provided by StockMarketWire.com

Chris Carson - 18 Feb 2016 18:19 - 316 of 358

BAE Systems reveals defensive qualities

By Harriet Mann | Thu, 18th February 2016 - 14:21

Share this

BAE Systems reveals defensive qualities
With last year's sales and profits taking off, BAE Systems (BA.) is now trying to overcome a hairy start to the year. Working in industries dictated by government purse strings can be unpredictable, but with budgets recovering and efforts to expand into commercial cyber and electronics markets yielding results, the defence giant's shares remain just a stone's throw from record highs.
Higher aircraft deliveries to Saudi Arabia, including 12 Typhoon fighter jets, helped sales jump 8% to £17.9 billion in 2015, although a slowdown in Typhoon production did nip £19 million off underlying operating profit to £1.69 billion.

Fewer impairments last year and lower amortisation of intangible assets meant operating profit jumped by 16% to £1.5 billion and adjusted earnings per share (EPS) rose by 6% to 40.2p. Strip out a tax benefit and EPS fell to 36.6p in 2015, although bosses reckon they'll rise by 5-10% in 2016.

BAE won work to develop the next warfare system for the US Air Force - upgrades are worth around $1 billion. It received major contracts from the Royal Navy, including the £1.3 billion Astute Class submarine deal, and will provide another 22 Hawk aircrafts to the Saudis.

Its commercial roll-out went well, with revenue from cyber business Applied Intelligence jumped by 31%. It's expected to generate good double-digit growth in 2016, too, and the cyber and intelligence division should improve margins to within a 7% to 9% range.

In terms of guidance elsewhere, sales in the US will be around 10% lower as America shifts its naval focus from the east coast to the west and toward China. Lower Typhoon deliveries will trim sales in the UK, too, although international sales should grow by 5% as Typhoon aircraft support increases.

But at least improving national defence budgets should underpin growth at BAE in the coming years. President Obama has lifted defence budget caps by $33 billion (£22 billion) and $23 billion for 2016 and 2017 respectively, and the UK plans to spend £178 billion on equipment and support over the next decade.

"Defence is never an easy business to be in but having come through a long period when governments have been cutting back on defence spending my view is that we have now past the bottom of the trough and are on the way back up," says private consultant Howard Wheeldon.

"BAE Systems has always placed strong emphasis on research and development investment and this in terms of meeting the innovation agenda requirements together with the very large level of existing support based business that the company have leave it well placed for many years ahead. That is not to suggest that there can be any degree of complacency or that it will, along with all other defence contractors, be expected to make itself even more efficient."

It's certainly been a turbulent two months for the defence and aerospace giant, after it started the year testing all-time highs. There have already been a number of spikes in the share price and 10% swings are not uncommon.

Sharp changes in sentiment have caused the shares to yo-yo within an 80p range, closely correlating the performance of the FTSE 100 index since mid-January. An initial 2.6% rally took the shares as high as 511p Thursday, near a one-month high. They currently trade on about 13 times forward earnings and yield over 4%.

Chris Carson - 29 Apr 2016 13:23 - 317 of 358

SP bang on 200DMA if it doesn't bounce then may have to close gap @ 470p in a range.

Chris Carson - 03 May 2016 09:03 - 318 of 358

Gap nearly closed.

Chris Carson - 03 May 2016 09:12 - 319 of 358

Question now is do you remain short or gamble on a bounce to close the gap @ 510p?
Reluctant to buy any stocks until the referendum is sorted but not ruling out trading.

HARRYCAT - 03 May 2016 10:27 - 320 of 358

Wouldn't want to be buying yet, imo. As you say, too many negative events coming up to take the risk. Watching, but not yet buying.

Stan - 03 May 2016 10:39 - 321 of 358

Worth looking at these later in the month.

Chris Carson - 03 May 2016 11:00 - 322 of 358

Chris Carson - 04 May 2016 12:58 - 323 of 358

BAE SYSTEMS Plc (BA..L) Announced, in its AGM statement, that trading for the period has been consistent with management expectations at the time of the 2015 results announcement and the Group's outlook remains unchanged. In 2016, the Group's underlying earnings per share are expected to be approximately 5% to 10% higher than the adjusted underlying earnings per share of 36.6p in 2015. BAE Systems will announce its financial results for the half year ending 30 June 2016 on 28 July 2016.

Stan - 04 May 2016 13:07 - 324 of 358

Yeah yeah.. but they have said nothing about when their SP is going to bottom out and then when it's going back up!

Chris Carson - 04 May 2016 13:21 - 325 of 358

No shit Sherlock :0)

Chris Carson - 04 May 2016 18:03 - 326 of 358

BAE Systems (BA.): A Trump Play?

Of course, one of the keys of trading or investing in a technical way, or even otherwise, is to be aware of the ranges a stock or market may have. This is very much what we have in mind at the moment as far as BAE Systems is concerned, with the interest being provided by the way that Tuesday’s price action was a hammer candle off the floor of the range and a rising trend channel from October – it was also a failed gap fill buy signal. This is because the bottom of the February gap was at 468p and the low yesterday at 469p, before the stock revived. All of this is has to be regarded as very positive, even though overall stock market conditions appear rather flat. Ironically, the almost certain nomination of Donald Trump as the Republican candidate for President of the United States could mean there is plenty of new business for defence contractors like BAE Systems. Therefore, perhaps the best way forward here is to either buy any dips towards the 470p mark, or look to a momentum signal such as an end of day close back above the 200 day moving average at 479.75p. This is not too far away, but at least it would suggest that the bulls are properly back on track. The upside above the 200 day line is seen as being as high as the post February range at 520p, 1-2 months after such a moving average trigger.

Zac Mir's take today.

Chris Carson - 07 May 2016 09:58 - 327 of 358

I was convinced that before sp would bounce that the gap would be closed, not the case on yesterdays evidence. If Zac Mir's theory is right that the fact that it failed to close the gap makes it bullish then at least i have learned something. If momentum continues then the next target to focus on is initially to close the gap @ 510p. Resistance 520p. Of course Armegeddon could occur at the open on Monday but it may not. Place your bets, watching.

Chris Carson - 07 May 2016 10:04 - 328 of 358

Stan - 11 May 2016 15:16 - 329 of 358

It's probably turned the corner now to the upside.

Chris Carson - 11 May 2016 15:46 - 330 of 358

Yep! (Kiss of death :0)

Stan - 11 May 2016 16:04 - 331 of 358

Money placed.. jobs a good-en -):

Chris Carson - 11 Jul 2016 07:52 - 332 of 358

BAE Systems at Farnborough air show

StockMarketWire.com

BAE Systems will, this week, be participating in the Farnborough International Air Show. It is anticipated that such participation will include meeting with representatives from the investment community. No inside information will be provided at any such meetings.

Story provided by StockMarketWire.com

Chris Carson - 20 Jul 2016 17:08 - 333 of 358

Hat tip to Zac Mir here he was spot on. Resistance 550p Trading Statement next Thursday 28th.

Chris Carson - 05 Dec 2016 10:17 - 334 of 358

5 Dec Deutsche Bank 660.00 Buy
1 Dec Goldman Sachs 697.00 Conviction Buy
30 Nov Jefferies... 600.00 Buy
14 Nov JP Morgan... 675.00 Overweight
10 Nov JP Morgan... 675.00 Overweight
4 Nov Citigroup 630.00 Buy
3 Nov Morgan Stanley 630.00 Overweight
20 Oct Barclays... 430.00 Underweight
10 Oct JP Morgan... 655.00 Overweight
7 Oct Beaufort... N/A Buy
Broker Recommendations for BAE Systems

HARRYCAT - 23 Feb 2017 09:43 - 335 of 358

StockMarketWire.com
BAE Systems' order intake and backlog increased in 2016 whiles sales and underlying earnings also rose.

The group said sales increased by £1.1bn to £19.0bn, almost all of which was due to exchange translation.

Underlying EBITA increased to £1,905m, or 7% on a constant currency basis.

It said underlying earnings per share of 40.3p were 7% higher than adjusted 2015 underlying earnings per share of 37.8p, in line with guidance.

Order intake increased by £7.5bn to £22.4bn and the order backlog rose by £5.2bn to £42.0bn.

The dividend of 21.3p per share is up from 20.9p in 2015.

The group's financial performance measures defined in IFRS:

- Revenue increased by £1.0bn to £17.8bn, almost all of which was due to exchange translation.

- Operating profit increased to £1,742m, or 10% on a constant currency basis.

- Basic earnings per share of 28.8p.

- Net cash flow from operating activities increased by £421m to £1,229m.

Chief executive Ian King said: "2016 was a good year for BAE Systems. Our strategy is well defined; we have a large order backlog, long-term programme positions, strong programme execution and a well-balanced portfolio.

"With an improved outlook for defence budgets in a number of our markets, we are well placed to continue to generate attractive returns for shareholders."

Stan - 23 Feb 2017 10:30 - 336 of 358

Another safeish decent divi play perhaps?

Stan - 03 Apr 2017 11:54 - 337 of 358

Trending well for the forthcoming divi I hope.

Stan - 19 Apr 2017 08:23 - 338 of 358

Going ex-div tomorrow paying a not unreasonable 2%.

Stan - 16 May 2017 16:26 - 339 of 358

Tripped out with small CG and divi.

Stan - 23 May 2017 17:13 - 340 of 358

The Capital Group Companies, Inc. Go above 10%.

Stan - 24 May 2017 13:25 - 341 of 358

A few Director options being exercised this morning with the SP zipping up over 2%.. not declared war on anyone have we since i've been out?

Stan - 26 May 2017 09:18 - 342 of 358

SP still on the rise on no news that I have seen, probably defensive qualities a reason.

Stan - 02 Aug 2017 07:35 - 343 of 358

Interims http://www.moneyam.com/action/news/showArticle?id=5611268

Some highlights:

BAE Systems' new chief executive Charles Woodburn presented a strong set of interim results on Wednesday, keeping the aerospace and defence group on an even keel and firing off a confident view on the outlook. The FTSE 100 giant generated £9.57bn of revenues in the six months to 30 June , up 10% or 4% if currency tailwinds are ignored, while underlying earnings per share increased by 14% to 19.8p and the interim dividend was hiked 2% to 8.8p per share.

Stan - 10 Oct 2017 07:35 - 344 of 358

No 7am update on the recent speculation yet.

Chris Carson - 10 Oct 2017 08:45 - 345 of 358

What's that about Stan? Ex-Divi 19th Oct.

skinny - 10 Oct 2017 09:54 - 346 of 358

BAE Systems set to announce up to 2,000 job cuts in Britain

Chris Carson - 10 Oct 2017 10:01 - 347 of 358

Thought that was a done deal skinny, speculation re redundancy or re-employment elsewhere in company could take a while to sort out and weaken share price. Sometimes that sort of announcement strengthens share price re cost cutting. Not sure one RNS can figure that one out. :0)

Chris Carson - 10 Oct 2017 10:07 - 348 of 358

BBC-2000 jobs at risk apparently.

ExecLine - 10 Oct 2017 10:41 - 349 of 358

The loss of jobs is because of a loss or orders and particularly one expected from Kuwait. So the future is not now looking so bright.

But is all this stuff already in the price?

Chris Carson - 12 Oct 2017 13:06 - 350 of 358

Chris Carson - 02 Nov 2017 12:36 - 351 of 358

Long on the spreads @ 582.91 tight stop.

HARRYCAT - 11 Dec 2017 09:46 - 352 of 358

StockMarketWire.com
BAE Systems and the government of Qatar have entered into a contract, valued at approximately £5bn, for the supply of Typhoon aircraft to the Qatar Emiri Air Force along with a bespoke support and training package.

The contract is subject to financing conditions and receipt by the company of first payment, which are expected to be fulfilled no later than mid-2018.

The contract provides for 24 Typhoon aircraft with delivery expected to commence in late 2022.

BAE Systems is the prime contractor for both the provision of the aircraft and the agreed arrangements for the in-service support and initial training.

BAE Systems chief executive Charles Woodburn said: 'We are delighted to begin a new chapter in the development of a long-term relationship with the State of Qatar and the Qatar Armed Forces, and we look forward to working alongside our customer as they continue to develop their military capability.'

Chris Carson - 05 Apr 2018 17:14 - 353 of 358

Quite a splurge in last couple of days from bottom of last 3 months range on good volume. 600p top of that range been hard to crack, place your bets :0)

Chris Carson - 05 Apr 2018 17:17 - 354 of 358

LATEST BROKER VIEWS
Date Broker New target Recomm.
27 Mar Citigroup 750.00 Buy
26 Mar Goldman Sachs 737.00 Conviction Buy
12 Mar JP Morgan... 550.00 Underweight
6 Mar Citigroup 750.00 Buy
26 Feb Deutsche Bank 708.00 Buy
23 Feb JP Morgan... 550.00 Underweight
23 Feb Citigroup 720.00 Buy
22 Feb Beaufort... 685.00 Buy
16 Feb Kepler... 700.00 Buy
15 Feb Morgan Stanley 550.00 Equal weight

Stan - 28 Sep 2018 19:46 - 355 of 358

Broker Forecast - Deutsche Bank issues a broker note on BAE Systems Plc

BFN

Deutsche Bank today reaffirms its buy investment rating on BAE Systems Plc (LON:BA.) and raised its price target to 720p (from 708p).

Story provided by StockMarketWire

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British Aerospace. Anybody else think this might be going somewhere? (BA.)

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