Rhigos
08 Sep 2016
Re: Recent Volatility Been looking at 3 year chart. There have been a series of peaks each lower than previous peak (bad thing). Peak 3/3/11, 21/11/14, 8/6/15, 30/11/15 we are now at new peak and this is higher than previous high (good thing). This could mean that shares have finally moved into recovery phase from downward trend starting in March 2014 (following helicopter firm acquisition if memory serves me right when they took on a lot of debt).Some good news today about Babcock clinching Qantas contract that should maintain upward SP momentum.
schovald
26 Aug 2016
Re: Recent Volatility Maybe some effect from the Hinkley Point C debacle?Also, market coming to terms with the loss of long-term CEO Peter Rogers on 31 August, as announced earlier in the year.
The Other Captain Pugwash
26 Aug 2016
Recent Volatility I just spotted how volatile this has been lately. Low in July at about 870 and now back to 1030. Any company specific reason that I missed? Or was it just a Brexit reaction?
gamesinvestor
05 Jul 2016
Debt Babcock has almost doubled it's debt in 5 years, from 750 to 1400In that time, it's profits from 157 to 291 --- 85% growth.40% of the business is Defence compared to a historic 70%, with funding now coming through for Defence.I wonder just how vulnerable Babcock will be if Hinckley doesn't happen or has further delays.Also there is talk about Babcock taking revenue up front for multi-year contracts. Is this good practice?Games
II Editor
31 May 2016
NEW ARTICLE: Stockwatch: A tuck-away with short-term fire "Can LSE:BAB:Babcock build on its rise? At 1,030p, the FTSE 100 shares in this engineering support services group are recovering after a New Year drop to 854p, which coincided with the plunge in oil prices (see chart below).This was ironic, given ..."[link]
JR710
14 May 2016
The Petition is gaining support Apologies for board hopping but-The petition is going quite well; ~4700 signatures so far. Although it really needs a turbo boost.[link] petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.The FCA don't even reply on the matter, now is your chance to have your say.If you hate seeing buys reported as sells etc!!!!!!Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.My local MP supported this petition by writing to the petitions committee to help un-stall it.There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go!If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go.At 5000 I will send this to the PM & the chancellor as well as my MP again.So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far.We really need a social / media savvy individual to help generate more interest in this.
Komatsu100
29 Apr 2016
New Babcock acquisition. Babcock acquires German relief helicopter supplier Heli Aviation[link]
gamesinvestor
16 Feb 2016
Re: NEW ARTICLE: Stockwatch: A share too... On the last point, Hinckley was on the news this morning because of the state of EDF's finances. The Hinckley project commitment is bigger than the now shrunken market cap of EDF.The cost is all wrong here - the government needs to pull the plug here and invest in sensible affordable low carbon CCGT stations.Games -- cancel it ossy - wake up and cancel the Dong energy subsidy while you are at it.
gamesinvestor
08 Feb 2016
Re: NEW ARTICLE: Stockwatch: A share too... 625 -- It'll get there pretty quick if the government comes to it's senses and cancels Hinckley Point.Games
Ripley94
03 Feb 2016
Re: NEW ARTICLE: Stockwatch: A share too... **
lambrini girl
01 Feb 2016
Re: NEW ARTICLE: Stockwatch: A share too goo... SELL target 625..
sharegardener
28 Jan 2016
Re: CEO to step down This was anticipated by the Citi analyst note from december pasted into my previous post! Internal replacement already agreed:''The Board is pleased to announce that Archie Bethel will succeed Peter as Chief Executive. Currently Chief Executive of the Marine & Technology division, Archie has been an integral part of Peter's senior management team since joining Babcock in 2004 and has overseen the successful development and growth of the Group's Marine & Technology business both in the UK and overseas. To ensure a smooth handover of responsibilities, Archie will take the role of Chief Operating Officer from 1 April 2016 until Peter's retirement.''Im still holding for long term growth but prospects not so good for Avincis/MCS with the North Sea oil sector slowdown as well as some uncertainties around bid pipeline conversion to orders.SG
gamesinvestor
28 Jan 2016
CEO to step down [link] keep a close eye on the accounts.Games
sharegardener
02 Dec 2015
Re: Half Year results WEBCAST Recent Citi downgrade note - not sure if their retirement predictions are just speculation or based on factual knowledge. Has anyone heard anything? '' Im still going be here in July - assuming the chairman allows me to stay'' was Peter Rogers' answer to the posed question on his 'tenure' - from the Citi guy I think (in the Q&A)I thought the results looked pretty good all told and the webcast indicated likely new contracts coming through soon and good bid pipeline. Much reduced pension deficit also welcome.Im still holding SG ''Cut to Sell, £10 TP — While Babcock is an excellent operator with solid barriers to entry in a growing market, we currently see too many risks for comfort around its shares’ investment case. Top-line and succession risk are added to our previous concerns around margins and cashflow. We trim our 2017E and 2018E EPS forecasts by -2%, lower our target price to 1000p and downgrade to Sell..Organic growth risk — With both Magnox and QE Carrier growth props heading into reverse (combined £160m headwind), FY17 looks a year of deceleration and we model a worse organic growth outcome than management’s “high single digits” outlook. We assume 100%-owned Babcock continues at its current and mediumterm 5-6% organic growth rate but with Magnox JV sales step-down diluting total organic growth to 3.5%, well below management guidance.Cash conversion risk — With capex running almost twice depreciation, plus provisions and working capital outflows, Babcock has gone from “Cashflow King” to one of the sector’s weakest cash converters of earnings at c70%.Management succession risk — In addition to Support Services head Kevin Thomas’s retirement, we expect long-time CEO Peter Rogers also to retire over the next 6-9 months.1000p Target Price — Lowered from 1020p, our valuation remains based on sector average EV/EBITA multiples and DCF.''
II Editor
01 Dec 2015
NEW ARTICLE: Stockwatch: A share too good to be true? "Is the UK’s largest engineering support services share LSE:BAB:Babcock a value proposition or a tad "too good to be true"? My last macro piece identified how support services are behind the biggest rise in UK profit warnings in four years; yet ..."[link]
