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Babcock International - Preferred bidder for £7bn contract

May 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares jumped after Babcock was made preferred bidder for the huge £7bn contract to manage the decommissioning of the 12 Magnox nuclear reactors as part of a joint venture with Fluor. JP Morgan Cazenove estimates the deal is worth £196m in annual sales over the next 14 years, which on a profit margin of 5% would boost eps by 5%. Separately, Babcock was also named preferred bidder to manage the London Fire Brigade's vehicle fleet for 21 years. Earlier, Babcock announced the acquisition of Avincis, a leading provider of helicopter and fixed wing services in mission critical operations such as medical, search & rescue, fire fighting and civil protection in Europe, as well as offshore services for the oil & gas sector. The ...

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Babcock International - 78% of revenues secured for FY'17 (August 2016)

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Babcock International - Bid pipeline remains promising (January 2014)

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Babcock International - Sharp reduction in borrowings (January 2010)

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Babcock International - Positive AGM (August 2009)

Babcock - Defence services group sees near doubling in order book (June 2009)

Babcock International - Two largest divisions going well (March 2009)

Babcock - Strong results rally shares (December 2008)

Babcock International (October 2008)

Babcock - Sharp rise in order book (September 2008)

Babcock International - Huge order book for defence services firm (July 2008)

Babcock International (June 2008)

Babcock International - Eyes up big contract win from new aircraft carrier programme (May 2008)

Babcock International - Price target 640p (March 2008)

Babcock International - Defence services company makes key naval base acquisition (November 2007)

Babcock-International - Gains hit 125% (January 2007)

Babcock - Share price strength puts off bidders (June 2006)

Babcock International - Bid approach (May 2006)

Babcock International - Wins Â£500m contract (January 2006)

Babcock International - Big opportunity in defence outsourcing (September 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Babcock International - Preferred bidder for £7bn contract

May 2014

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