Lupo di mare
05 Mar 2015
Drones Ok, this doesn't apply to potential BA drones, but how did governments sleep walk into a such a potentially lethal situation?" The U.K. parliament is calling for future tracking of leisure and commercial drone flights to avoid safety concerns stifling an industry considered to have huge potential for job creation.Lawmakers in the House of Lords, the U.K. parliament's upper house, said on Thursday that drones should be tracked and traced, especially those flying below 500 feet, to help keep air routes safe and help enforce rules on the use of such unmanned aircraft.In an 83-page report, the lawmakers also recommend using so called "geo-fencing" technology that blocks drones from entering restricted airspace. Small drones in the U.K. have flown dangerously close to commercial airliners and over a sensitive military installation.The legislative body last year hosted a series of meetings with drone regulators, industry executives and law enforcement to help chart a path forward."We have a huge opportunity to make Europe a world leader in drone technology," said Detta O'Cathain, who led the House of Lords' report. Legislators see potential for the drone industry to create 150,000 jobs by 2050.The debate comes as the U.S. also is grappling with rules for commercial drone use. The U.S. Federal Aviation Regulation last month proposed rules for small unmanned aircraft operations to ease its blanket ban on commercial drone use.In France, an investigation was started after drones were spotted flying over Paris landmarks and high-security buildings, including the U.S. embassy, last month.Ms. O'Cathain warned of the need to strike a balance between fostering and industry and addressing concerns about drone operations. "Public understanding of how to use drones safely may not keep pace with people's appetite to fly them. It would just take one disastrous accident to destroy public confidence and set the whole industry back," she said in a statement."Pilots support the call for a comprehensive system to track and trace all drones and the planned consultation with the British public before companies fly large, remotely-piloted aircraft over their homes and alongside their passenger planes," said Jim McAuslan, general security of British airline pilot group Balpa. The union added that more than voluntary measures to track flights would be needed to assure safety.The European Union has been working on pan-regional rules governing safe drone operations. That effort won the backing of the House of Lords, though it urged safety rules be proportionate to risks.Write to Robert Wall at [email protected]
fortunatas
24 Feb 2015
Re: Investec again Defined Benefit scheme liabilities are often worsened by Trustees, because they take advice from the Actuary, who will weight the liabilities on the expected return from High Investment Grade corporate bonds/Gilt yields. As a consequence, they will weight scheme investments on a liability driven basis, for them in to buying bonds when they are expensive and reducing weighting to equities where the best long term returns can come. Its a double edged sword, therefore.If bond yields fall as they have done, this would exacerbate the long term liability. In addition, expectations on longevity will also make the cost of the scheme more expensive to the employer, as the liability sits on the balance sheet.Apparently, they have 7 such DB schemes running, which seems daft. That's 7 x schemes costs, PPF levies, Actuary fees and all that. Nonsense.
gamesinvestor
21 Feb 2015
Re: Investec again "I am not sure harking about the pension liabilities is a huge issue as long as interest rates remain low and money is cheap"I think this is where the problem lies. Bond yields are so low and getting lower which is the largest constituent to the pension incomes. The deficits are growing because of this issue.BT's pension fund deficit grew to £3.1bn from £1.9Bn at the end of 2013.Games - BAE is not alone -- most of the large company defined pensions schemes have locked in deficits because of the high bond exposure and it keeps growing.
mutandis13
20 Feb 2015
Type26 contract award BAE has been awarded a £859m contract by the MOD for the Type 26 Combat Ship.[link]
veksi
19 Feb 2015
Re: Investec again So far they been wrong.Today saw a tale of two biggies, Centrica and BAE, which both opened significantly down.The difference?Centrica never recovered any of the losses but stayed firmly down, and divi was cut.BAE recovered all the losses, even ended 0.5% green for the day, and divi was hiked by a meager 2%, increase nonetheless. I am not sure harking about the pension liabilities is a huge issue as long as interest rates remain low and money is cheap. BAE is well financed with some bonds to 2024, and 2044, so I would not have thought big punters will worry about the finances, not yet anyway. A couple of months ago, I weighed between these two, BAE and Centrica, and the better newsflow and momentum suggested to me that Bae was the better choice, and I think it remains that way after these results. I wouldn't be interested of Centrica now unless if it sinks below 200p. BAE might still have a 600p in it, but only a guess.
II Editor
19 Feb 2015
NEW ARTICLE: BAE Systems battles bears "LSE:BA.:BAE Systems tumbled more than 4% to below 500p in early trade Thursday, as a number of analysts urged shareholders to bail out after decent full-year results. Nerves are understandable, especially with the share price within a whisker of ..."[link]
gamesinvestor
19 Feb 2015
Investec again """"Investec has kept a ‘sell’ stance on BAE Systems after the defence contractor’s 2014 results and 2015 guidance came in below forecasts, saying the company faces a “number of headwinds” in the future.The broker said anticipated UK defence budget cuts following the elections and Strategic Defence and Security Review, potential delays to export orders, and growing net debt and pension liabilities “could limit future shareholder returns”."""""This is the bit that's not getting any easier to justify -- """and growing net debt and pension liabilities"""The longer bond yields stay in the toilet, the worse it get's for those widening pension deficits -- not just BAE.Games
casey5521
12 Feb 2015
Re: Re-Investec Well said allApart from the decision to pull out of civil aviation and concentrate on military, the BoD aren't doing much wrongI don't think a US aviation increase will effect BAe much as they mainly do ships in USAIt is very much a global company with a vast order book, so it is not very venerable to HMG spending cuts
casey5521
12 Feb 2015
Re: Re-Investec Well said allApart from the decision to pull out of civil aviation and concentrate on military, the BoD aren't doing much wrongI don't think a US aviation increase will effect BAe much as they mainly do ships in USAIt is very much a global company with a vast order book, so it is not very venerable to HMG spending cutsI wouldn't pay any attention to any investment company, they are mainly monkeys with a pin
OwDo
11 Feb 2015
Re-Investec Perhaps this is the other side of the coin!In the latest issue of Flight International dated 10-16 February 2015 it states Pentagon submits plan for increased aviation spending. Aviation programmes received a significant boost in funding in the Obama administration’s fiscal year 2016 defence budget submission, which is up 6.7% on the enacted total for FY2015.The $561 billion budget request sent to Congress on 2nd February contains a total $48.8 billion investment in aircraft and related systems up from $42.1 billion in the current fiscal year.
veksi
11 Feb 2015
Re: Investec All this is true, But there might be a £6 SP seen before selling starts.I'm looking out for the £6, of course, it could all be derailed if the trading update will be poorwhen it comes out next week 19th. I'm expecting though a good update keeping in line with recent news. The general election is still a while away, and we got time to push for £6 provided the investors like the Finals.
nk1999
10 Feb 2015
Re: Investec Further details from Citywire:"Sell ‘vulnerable’ BAE Sytems, says InvestecShares in defence and aerospace group BAE Systems (BAES) have been left vulnerable as they are running on a premium valuation with a range of risks in view.Investec analyst Rami Myerson retained his ‘sell’ recommendation and target price of 440p on the shares, which he said were ‘lacking a margin of safety’. The shares edged 0.6% lower to 514.5p yesterday.‘A premium valuation, relative to historic levels and peers, leaves the shares vulnerable in our view,’ he said.‘Potential risks and headwinds include UK defence budget cuts following the UK general election and strategic defence and security review, potential delays to export orders, and growing net deb t and pension liabilities that could limit shareholder returns.‘A stabilising US defence budget and weaker sterling are helpful, but likely insufficient to mitigate the headwinds. A c.3.9% dividend yield does not adequately compensate for downside earnings risk.’ "nk
nk1999
09 Feb 2015
Investec From ADVFN:"Investec has maintained a 'sell' recommendation for defence, security and aerospace group BAE Systems (at 517.5p), highlighting the uncertainty surrounding future defence spending in the UK.Budgets will be cut following the general election in May regardless of which party comes out on top, predicted analyst Rami Myerson. "Whilst our base assumption is that the impact of the cuts will be relatively small, we are concerned that, as the largest supplier to the UK Ministry of Defence, BAE's revenues and profits could be impacted disproportionately," he said."nk
mutandis13
02 Feb 2015
US Navy contract award BAE has been awarded a nine-year contract worth $187.4m from the US Navy.[link]
fortunatas
28 Jan 2015
Re: Lambrini Girl and because of that the index has no right to go any higher, right?
