A thread set up so that board members can give there analysis/thoughts on recent broker recommendations either long or short.

Heres a daily life link to the most recent.

http://www.digitallook.com/dlmedia/investing/uk_shares/broker_views?username=&ac=

ba.

BAE SYSTEMS..

Been tipped very recently and could be a solid defensive play in the present markets.

Looks to be fairly cheap on a forward P/E of circa 8.9 going into 2010.

TA looks pretty solid with an uptrend in place and the stock more or less on the base line of the uptrend. Could be a nice medium term return here, anyone with any thoughts on this??????????????????????????.



Analysis..

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

Recent Broker Comment...

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."

http://www.h-l.co.uk/shares/Stockbroker-tips/articles/2625116?rq=article


DYOR

Well it doesnt look like weve got anyone interested in this stock.

ive added some more this morning as I reckon on this rating they are a steal.