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Babcock International - Two largest divisions going well

March 2009

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.

  • Epic Code:
  • BAB
  • Price:
  • 514p
Babcock's latest IMS, in which it noted that trading conditions continue to be strong and in line with expectations, has coincided with a pleasing rally in the shares since they bottomed at 348p last autumn. Both its largest two divisions, marine and defence services, remain resilient with all major contracts proceeding as planned. Highlights include the commencement of work on the first aircraft carrier while the contract to provide training and facilities management at the Royal School of Military Engineering became fully operational in January. Interestingly, even the nuclear side, which had previously seen government foot dragging on nuclear decommissioning, is being resolved with decommissioning activity at Sellafield and oth ...

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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.

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