Bond Profits Article
I am glad I am not a Babcock shareholder. To pay £1.6 billion for a company which made £6.5 million before tax in a good year and only has assets and cash of £31 million........
Would love to know what the similar results are for the other parts of the business, Inaer (Italy) in particular....
Making 6.5m on revenue of 180m odd is also not a huge amount, maybe hints at some other issues?
Making 6.5m on revenue of 180m odd is also not a huge amount, maybe hints at some other issues?
Found it, even in June this year they noted that they won contracts but at low margins in Ghana and Moz....
https://www.babcockinternational.com...nal_6.30pm.pdf
Annual report does note their good credit rating meaning better procurement and leasing terms though.
https://www.babcockinternational.com...f_09062015.pdf
https://www.babcockinternational.com...nal_6.30pm.pdf
Annual report does note their good credit rating meaning better procurement and leasing terms though.
https://www.babcockinternational.com...f_09062015.pdf
Last edited by nowherespecial; 20th Oct 2015 at 11:59. Reason: Typo - not to note
Those at Helitech might have picked up the rumour that it seems likely that the Bond name will go soon, already Babcock is a far greater presence than Avencis was.
Those not at Helitech might not have picked up on that .....
Those not at Helitech might not have picked up on that .....
Those at Helitech might have picked up the rumour that it seems likely that the Bond name will go soon
Hardly the 'fire sale' that you allude to. (Unless you know more...)
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With regards to the Bond name going as with most takeovers a certain amount is put onto the balance sheet as goodwill, and is shown as a credit, ie how much is the 'brand' worth, therefore the name is often retained for a certain period. Over time it is decreased and naturally phased out. Maybe the Bond name (and its associated loss record) is no longer assumed to be a positive for the new company?