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Bae systems share chat (ba.)

Discussion in 'General Share Chat' started by http://www.londonstockexc, Jul 31, 2015.

  1. http://www.londonstockexc

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  5. stockman

    stockman Demi God of BlueShare

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    Although on a 52 wk high things looking promising for BAE :

    - Weak pound with US just announcing a $54b increase in spending through to 2020
    - Nato being asked to spend more on arms
    - UK government maintaining arms spending
    - COO purchase of £280k two days after results

    - two new brokers rating
    Date Broker Rating Old Target New Target Change
    27-Feb-17 Citigroup Buy 630.00 720.00 Reiteration
    24-Feb-17 UBS Buy 730.00 730.00 Reiteration

    - latest account just published ( highlights below)

    upload_2017-2-28_12-43-18.png
    an King, Chief Executive, 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."

    Financial highlights

    Financial performance measures as defined by the Group1

    - 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.

    - Underlying earnings per share of 40.3p, 7% higher than adjusted 2015 underlying earnings per share of 37.8p5, in line with guidance.

    - Operating business cash flow increased by £323m to £1,004m.

    - Net debt of £1.5bn.

    - Order intake3 increased by £7.5bn to £22.4bn.

    - Order backlog3 increased by £5.2bn to £42.0bn.

    Financial performance measures defined in IFRS2

    - 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.

    Other financial highlights

    - Group's share of the pre-tax accounting net pension deficit increased by £1.6bn compared with 31 December 2015 to £6.1bn, largely unchanged from 30 June 2016.

    - Final dividend of 12.7p per share making a total of 21.3p per share for the year, an increase of 2% over 2015.


    Will be adding here for a decent divi and potential growth
     

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